MahaLife Gold plan from Tata AIA Life Insurance is a traditional plan that offers who life cover, up to 85 years of age. The policyholder is required to pay premiums for only a limited period to get this life insurance cover.
The policy also assures guaranteed returns for a secure financial future. Children as young as one month can also be policyholders.
In order to purchase this participating, whole life policy from Tata AIA , the prospective life insured will have to fulfill the following eligibility criteria:
Parameter | Minimum | Maximum |
Age at inception of the policy | 30 days (1 month) | 55 years |
Age at policy's maturity | - | 85 years |
The MahaLife Gold plan from Tata AIA Life Insurance offers a dual benefit of fulfilling the short-term and long-term goals of the policyholder for a comfortable and secure future. Here are some prominent features of this policy:
Type of plan | Participating, traditional life insurance policy that comes with guaranteed benefits |
Policy basis | Individual |
Term of the policy | 85 years (Minus the entry age of the policyholder) |
Minimum sum assured | Rs 2,00,000 (In multiples of Rs 1000) |
Maximum sum assured | No limit |
Term of premium payment | 15 years |
Mode of premium payment | Monthly, half-yearly, or annually |
Tata AIA Life Insurance's MahaLife Gold policy, comes with a number of prominent benefits. A few of them have been mentioned as under:
Let us take the case of Mr. Kapoor who is a non-smoker. Aged 30, Mr Kapoor buys the Life Insurance MahaLife Gold policy for his son aged 2 worth Rs 300,000, till the policy's maturity. He pays Rs 26,823 as single premium every year. From the policy's 10th year an amount of Rs 15,000 is paid every year. Till maturity, Rs 9,90,000 is deposited in the son's account as guaranteed sum assured. From the 6th year of the policy, around Rs 17,85,000 is credited as guaranteed payout. At the end of the policy, the son would receive Rs 30,75,000, totalling both non guaranteed and guaranteed payouts.
The payment mode for this Tata AIA saving insurance plan is done on monthly, half-yearly or annual basis. The premium duration is decided on the basis of age of the life insured, term of the policy, and chosen sum assured.
Tata AIA's Life Insurance MahaLife Gold policy comes with Accident Benefit Rider, on paying extra sum assured. Here are some rider benefits that come under the main plan:
Credit Card:
Credit Score:
Personal Loan:
Home Loan:
Fixed Deposit:
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