Posts Tagged ‘tata aig life raksha’

Tata Aig Life Insurance Raksha – A Term Insurance Plan in India.

Raksha Plan offered by TATA AIG is a life insurance product ( term insurance ) is a pure risk cover plan with low cost premium designed only for individuals who care about their family members future. Tata Aig Life Insurance Raksha Plan gives you assurance that your family will be financially protected even in your absence. No maturity benefit  is offered by Tata Aig Life Insurance. The policy provides maximum cover for a minimum premium.

Eligibility Criteria for tata aig life Raksha Plan:

1. Entry Age – Minimum age limit is 18 years and maximum age limit is 50 years.
2. Maturity Age – Maximum maturity limit is 60 years.
3. Policy Paying Term -  10, 15, 20 and 25 years.
4. Premium Payment Mode – Monthly, Quarterly, Half Yearly, Yearly.
5. Sum Assured – Minimum sum assured limit is 15 lacs and Maximum no limit.

Key Benefits of Tata Aig term life insurance:

• Death Benefit – In the event of death of the life assured during the policy term, sum assured is payable to nominee.
• Maturity Benefit – Term insurance policy do not offer maturity benefits.
• Tax Benefits – Premiums paid under this plan are eligible for tax benefits under Section 80C of the Income Tax Act, 1961.