Tata AIG Life Insurance Plans

Tata AIG Life Easy Retire

Today, you are busy working hard to achieve your goals. You are going to retire one day. No matter how you want to live your life after retirement you need to plan and arrange for a regular income.

Tata AIG Life Insurance Company Ltd presents Tata AIG Life Easy Retire(Easy Retire) an individual immediate annuity, the ideal solution to convert your corpus to regular income. The regular income helps you cope with the expenses that continue even when you stop working and in fact increase with age as a result of mounting health bills and increasing prices.

Easy Retire is an immediate annuity plan with Return of Purchase Price (RoPP) which can be purchased through a single premium payment. The plan provides for annuity payments which are paid throughout the life time of an annuitant.

How does the Plan Work?

All you have to do is pay a single premium to Tata AIG Life Insurance Company Ltd. (This amount is your purchase price)
Choose annuity payment modes [the frequency at which you want the income] - monthly, quarterly, half-yearly or yearly
Tata AIG Life Insurance Company Ltd guarantees you a rate per thousand at the time of purchase and this depends on the age as well as purchase price.
Opt for either receiving post dated cheques or a direct credit into your bank account. i.e. PDCs / ECS

Definition:

Annuity - Series of regular payments received by the policy holder

Annuitant - Person who receives the annuity benefit.

RoPP - In this plan the annuity is paid to the annuitant throughout his/her life. On the death of the annuitant the purchase price is returned to the nominee.

Entry Conditions

Minimum Purchase amount	Rs. 50,000
Minimum age of purchase	21 years
Maximum age of purchase	80 years
Policy period	Life time
Premium payment Period	Single
Minimum annuity installment	Rs. 3,000 p.a
Annuity rates - Unisex	Yes
Medical Requirement	None

Please Note:

No surrender permitted under this plan.
Tata AIG Life Insurance Company Ltd. reserves the right to review the annuity rates, subject to IRDA's prior approval.
Please ask for latest rates at the time of purchasing the annuity plan
Once the annuity is bought, the rate remains constant throughout the lifetime of the annuitant
Once the frequency of payment is opted it cannot be changed
No loan will be available under this plan
Incentives available for higher purchase price
Please refer to the policy documents for more details

Get Your Life Secure

Monday, 17 January 2011

Tata AIG Life Insurance Updated Plans List

Monday, 12 April 2010

Tata AIG Life Easy Retire