Tata AIA Life Wealth Solutions Plans

Objective of plans under Tata AIA Life Insurance Wealth Solutions

Let's take a look at what each plan under the Wealth Creation segment is custom tailored to offer -

1. Tata AIA Life Insurance Invest: OneGoing by its moniker, this policy involves a one-time payment of premium and offers market-linked returns. The policy term is flexible within the range of 15 years to 30 years. Guaranteed Maturity Additions and Loyalty additions increase the return rate furthermore and the policyholder has 2 investment portfolio strategies as well as eight fund options to choose from. Premiums paid can avail tax benefits
2. Tata AIA Life Insurance Fortune Maxima: With a flexibility of choosing from among six fund options, this policy offers a life cover with a single premium payment. Two investment portfolio strategies and presence of three optional riders make this plan very customizable, guiding the returns desired as per the intent of the policyholder. Post five successful years of the policy, partial withdrawals can be made from the plan and loyalty additions ensure funds in the plan always keep increasing. Premiums can avail tax benefits
3. Tata AIA Life Insurance Fortune Pro: Six fund options and two investment portfolio options offer the policyholder the freedom to regulate how his/her investments garner growth. Loyalty additions further contribute to the growth of funds. Three optional riders can make the life cover offered even more comprehensive. Partial withdrawals can be made from the policy after 5 years of policy completion. Maturity benefit offers a settlement option that can pay out the returns in lump sum or in installments. Premiums and returns both can avail tax benefits
4. Tata AIA Life Insurance Wealth Maxima: A single premium paying policy offering a life cover and can have additional 3 riders. Two investment portfolio strategies and six fund options make up for a healthy investment choice for anyone. Loyalty additions assure returns that are not market linked and are absolute. Partial withdrawals are allowed post completion of five policy years and tax benefits can be availed on the premiums paid as well as the returns received
5. Tata AIA Life Insurance Wealth Pro: A one-time or limited premium pay policy with six fund options and two investment strategies to manage funds effectively. The plan offers partial withdrawals post five policy years and can avail tax benefits on premiums as well as returns.

GST of 18% is applicable on life insurance effective from the 1st of July, 2017