Tata AIA Assure Career Builder

Recommendations :No

Name of the policy :
Tata AIA Assure Career Builder

A brief desciption :

Tata AIA Assure Career Builder is a traditional endowment money back child plan. The plan provides guaranteed cash backs at periodic intervals and also provides insurance cover for the child. However, as far as the periodic cash backs are concerned, investors can probably earn better returns by periodically investing in bank fixed deposits for a five-year time period. Moreover insurance is required for the earning member of the family to secure their income for the dependents so eventually its worthless to have such plans.

Started date :19/1/2002
Type of policy :Insurance cum investment
Category :Traditional- Endowment Money Back Child Plan
Insurance :Min- 25,000 Max- No Limit
Returns expected :Less than Fixed Deposit
Entry age :0-15 Years
Surrender :Guaranteed Surrender Value = 30% of all basic premiums paid - 1st year's premium

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