Tata AIG Life launches InvestAssure Optima

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Tata AIG Life Insurance Company Limited (Tata AIG Life) today announced the launch of Tata AIG Life InvestAssure Optima - a Unit-Linked Insurance solution which offers a balance of guaranteed additions and high allocation rates while providing comprehensive insurance protection.

Smart enables hassle-free switching of a portion of the customers' investment on a monthly basis from the "Accumulation" fund to the "Target" fund of his / her choice. Therefore while a customer pays annual premiums, a proportion is invested in a systematic manner over a policy year. The automated process of monthly switching by itself brings in the benefit of rupee-cost averaging.

With a total of seven fund options, with competitive fund management charges, the investor can opt for:

Whole Life Mid Cap Equity Fund

Whole Life Income Fund

Whole Life Short Term Fixed Income Fund

Whole Life Aggressive Growth Fund   

Whole Life Stable Growth Fund

Large Cap Equity Fund

Select Equity Fund 

The investor can switch the investment amount according to his needs and investment objectives at any point of time. He also has the option to top-up his policy 4 times in a year.

Speaking at the launch, Mr. Trevor Bull, Managing Director, Tata AIG Life Insurance Company Limited said, "We have always designed products to cater to our customers' present and future needs. We bring to all, a plan that helps in methodical wealth creation by giving the investor optimal control over his investment vehicle. We have always exhorted the merits of long term and systematic investing as a means of capital generation despite the highs and lows in the capital markets. We believe that Tata AIG Life InvestAssure Optima will provide investors the requisite flexibility of planning investments and accumulating wealth over the long run. This product adds to our existing portfolio of comprehensive financial solutions and we are confident that investors will benefit from the asset allocation features that this product offers."

The policy can be bought for anyone between the ages of 30 days and 55 years with maximum maturity age of 70 years.

Premiums paid under this plan are eligible for tax benefits under section 80C of the Income Tax Act, 1961.

Tata AIG Life InvestAssure Optima will be available nationally through Tata AIG Life's distribution network.

Sourced From: Perfect Relations Limited