Table of Contents
What is Tata AIA Value Income Plan?
We present to you, Tata AIA Life Insurance Value Income Plan, individual, non-linked, participating life insurance savings plan which provides you option either to receive cash bonus, if declared payout each year on policy anniversary or on birthday following the second policy anniversary to take care of your …
What is guaranteed return plan?
Guaranteed Returns Plans are non-participating monthly income schemes provided by financial institutions. In these plans, the policyholder will pay a yearly premium for the plan’s tenure. Most individuals wish to maintain a monthly income flow in their old age so that they can live their golden years with dignity.
What is surrender value of Tata AIA policy?
Special Surrender Value = Special Surrender Value Factor x [(No of Premiums paid) / (No of Premiums Payable during the entire policy term) multiplied by (Survival Benefits plus Maturity Benefits) less Survival Benefit already paid, if any] Page 10 Policy Document – Tata AIA Life Insurance Smart Income Plus Page 10 of …
What is the maximum premium payment term & Policy term in value income plan?
Guaranteed Income: This option pays you a Guaranteed Income for fixed term of 10 or 12 years….What is the minimum – maximum Premium Paying Term and Policy Term?
| Options | Premium Paying Term | Policy Term |
|---|---|---|
| Guaranteed Income | 10 and 12 years | 11 and 13 years |
Which is the best guaranteed plan?
Best Traditional Plans in India
| Plan Name | Plan Type | Entry Age |
|---|---|---|
| Canara HSBC OBC Smart Stage MoneyBack Plan | Money Back Plan | 8 – 55 years |
| Canara Smart Monthly Income Plan | Monthly Income Plan | 18 years-55 years |
| Edelweiss Tokio Guaranteed Income Plan | Endowment Plan | 3-50 years |
| Exide Life Guaranteed Wealth Plus | Guaranteed Plan | 18-60 years |
What is GRIP policy?
Group Risk Income Protection (GRIP) plan of insurance provides protection against an unexpected decline in revenues, whether due to low yields, low prices, or a combination thereof.
How I can withdraw my Tata AIA policy?
SMS: “SERVICE” to 58888 to hear from the company within 1 business day. Option to visit the nearest Tata AIA Life Insurance branch….
- Original policy documents.
- Copy of CI or YPD submitted for the withdrawal request (carry original documents for verification in the branch)
- Canceled cheque of the insured’s name.
Which investment is best for 5 years?
Best Investment Plans for 5 years
- Liquid Funds. Also known as money market fund, these are a type of mutual fund scheme, which invests the money in short-term government securities and certificates.
- Savings Account.
- Post-Office Time Deposits.
- Large Cap Mutual Fund.
- Stock market/ Derivatives.
What is the Tata AIA life insurance guaranteed return insurance plan?
The Tata AIA Life Insurance Guaranteed Return Insurance Plan is a savings plan that allows you to save up all you need to meet the major milestones in your life, and turn your dreams into reality. With this plan, you can benefit from a life insurance coverage, along with an element of savings to meet your life goals.
Which is the best endowment plan in Tata AIA grip?
In my opinion this is the best u can ask for. Tata AIA GRIP plan is a non participating endowment plan. It is one of the best guaranteed benefits plan which eliminates the interest rate risk by giving guaranteed returns over long term.
Is the Atata AIA fortune Pro Plan a mutual fund?
TATA AIA is an insurance company. So the Fortune pro plan is a ULIP (Unit linked insurance plan) product, not a mutual fund. This type of insurance plan has insurance coverage and investment option. Normally we should not mix investment and insurance in to one product. ————But why?