Tata AIG Life InvestAssure Health

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Each one of us has their own ambitions and goals in life. But life itself can pose several uncertainties. An accident or illness can strike anytime, throwing our plans off track. In a situation like this hospitalization and medication expenses can burn a hole in your savings. At such a time, Tata AIG Life InvestAssure Health can prove to be a source of support, taking care of the financial burden you and your family may have to go through.

Yet at the same time, being a unit linked plan Tata AIG Life InvestAssure Health ensures that you can still continue to meet your financial goals and achieve whatever dreams you might have for your loved ones.

Key features include:

  • Daily Hospital Benefit limit: Rs. 500-3000 (in multiples of Rs.500) per day
  • Double benefit if hospitalization occurs in ICU
  • Surgical benefit equivalent to 20 times the daily hospitalization benefit
  • Optional health coverage for spouse and dependent children
  • Benefit inflation by 5% on daily hospital and surgical benefit from second year onwards up to a maximum of 150% of the original daily hospital benefit
  • Flexible Policy Term: You may choose policy term from 10 years to 40 years depending on your needs
  • Six Fund Options: Whole Life Mid-Cap Equity Fund, Whole Life Aggressive Growth Fund, Whole Life Stable Growth Fund, Whole Life Income Fund, Whole Life Short-Term Fixed Income Fund, Large Cap Equity Fund
  • Minimum premium: Rs. 18,000 for annual mode (depends on the policy term)
  • Riders can be attached at a nominal additional cost
  • Features like fund switching, premium redirection, partial withdrawal, flexible premium payment modes (annual, semi-annual, quarterly, monthly) are also available


    • For detailed information, please refer to our Product brochure

Eligibility:

  • Minimum issue age of 18 years (5 years for the child) and maximum issue age of 55 years (17 years for the child) with maximum maturity age of 65 years

Tax Benefits

  • As per the current tax rules, premiums paid in respect of morbidity are eligible for tax deduction under section 80D of the Income Tax Act, 1961 (the Act). The balance of premium is eligible to tax deduction under section 80C of the Act, provided the annual premium during the year does not exceed 20% of the sum assured. The benefits under this plan and riders are tax exempt under section 10(10)D of the Act subject to conditions.

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