The FINANCIAL — Tata AIA Life Insurance Company (Tata AIA Life) has launched Tata AIA Life Insurance MahaLife Gold, a complete plan with whole-of-life cover up to 85 years of age that provides insurance cover and assured benefits to fulfill both short term as well as future life needs, according to Tata Sons Ltd.
The plan can be bought even from age zero. This means that if one buys this policy for his child he has to pay premiums only for the first 15 years, after which the child gets a guaranteed annual income as well as life coverage till the age of 85 years, according to Tata Sons Ltd.
“Throughout life's journey we plan to create a secured future and a comfortable lifestyle for ourselves and our loved ones. Keeping that need in mind, we have designed Tata AIA Life Insurance MahaLife Gold that celebrates life with three generations. First, one gets tax benefits on the premiums paid. Then his child gets guaranteed and non-guaranteed income along with life coverage till maturity. Finally, it creates a legacy for the next generation who will get the sum assured on maturity,” said Shivdutt Das, vice president, product development, Tata AIA Life.
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