Tata AIG Life InvestAssure Health Plus | |  |
The economic consequences of ill health are devastating for most families. Surveys conducted by IMRB+ show that a single episode of hospitalization
- Costs a family about 60 per cent of the annual income, on average
- 40-60 per cent of hospitalized patients borrow heavily at high interest, and
- Majority of them end up lowering their standard of life on account of healthcare costs
The mounting cost of hospital care, increasing out-of-pocket expenditure, and its catastrophic impact on family finances do demand a planned approach to cover these monumental expenses.
Keeping this in mind, we present Tata AIG Life InvestAssure Health Plus, a unit linked health investment plan with a comprehensive health coverage to help you recover worry-free when you are ill. The investment component takes care of the rising medical costs while the health coverage ensures your peaceful recovery.
Tata AIG Life Invest Assure Health Plus thus can prove to be a source of support for you and your family.
+Indian Market Research Bureau
Key features include:
|  | - More than 700 days of Hospital Benefit Cover #
- No Yearly or Annual Limit on Surgical Benefit
- More than 900 surgeries covered
- Guaranteed Maturity Addition of up to 7% on Regular Premium Fund Value
- Optional health coverage for spouse and up to 2 dependent children
- Benefit inflation by 5% p.a. (simple addition) on Daily Hospital Benefit & Surgical Benefit**
- Choice of SMART & Automatic Asset Allocation as investment strategies
- Choice of 5 Riders for added protection - Tata AIG Life Surgical Benefit Rider (UIN: 110C021V01), Tata AIG Life Accidental Death Benefit (ADB) Rider (UIN: 110C003V01), Tata AIG Life Accidental Death and Dismemberment (Long Scale) (ADDL) Rider (UIN: 110C004V01), Tata AIG Life Critical Illness (Lumpsum Benefit) Rider (UIN: 110C012V01), Tata AIG Life Yearly Renewable Term Rider (UIN: 110C020V01) (including for spouse)
- 7 Fund Options to suit your risk profile – 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 & Super Select Equity Fund
#subject to yearly and lifetime limits
**Based on Daily Hospital Benefit and Surgical Benefit from second year onwards upto a maximum of 150% of the original benefit. Eligibility: Minimum/ Maximum Entry age | Self & Spouse: 18 years- 55 years Child: 5 years- 17 years | Maximum Maturity Age | 65 years | Policy Term | 10 and 15 - 40 years | Premium Paying Term | Regular Pay | Minimum Premium | Rs. 18,000 p.a. | Daily Hospital Benefit Limit | Ranges from Rs.500 - Rs.3000 ( in multiples of 500 only) |
Health Benefits available with Tata AIG Life InvestAssure Health Plus:^ DHB & ICU Benefit: Benefits | Sum Assured | Yearly Limit | Lifetime (till policy end) | DailyHospitalisationBenefit (DHB) | Choose from Rs.500 to maximum Rs.3000 (in multiples of Rs.500) | 120 days | 730 days | ICU Benefit | Double the DHB~ | 15 days | 90 days |
~Includes DHB benefit Surgical Benefit: - 20 times of Daily Hospital Benefit opted for individual.
- For spouse and children (maximum 2 children) it would be 100% & 50% respectively of basic coverage
^ Please refer to product brochure for detailed terms & conditions 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.
Please consult your tax consultant for exact tax details. | |
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