Tata AIA Life Maha Guarantee Flexi Plan

Recommendations :No

Name of the policy :
Tata AIA Life Maha Gurantee Flexi Plan

A brief desciption :

Tata AIA Life Maha Guarantee Flexi Plan is a traditional endowment plan catering to saving and protection needs. This plan provides for Guaranteed Loyalty Addition according to the number of policy years. The higher the Policy Tenure, higher would be the Loyalty Addition payable, provided all premiums are paid. However the truth is that the returns provided by this scheme are way below a simple fixed deposit and when it comes to insurance the SA is much higher in Simple term plan with lower premiums. So it is strongly advisable to avoid this plan.

Started date :2/11/2010
Type of policy :Insurance cum investment
Category :Traditional- Endowment Plan
Insurance :Min- 1 lakh Max- No limit
Returns expected :Less than Fixed Deposit
Entry age :18-60 Years
Surrender :Guaranteed Surrender Value = 30% of all basic premiums paid - 1st year's premium
Minimum amount :Min- 5000 Max- No limit

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