Tata AIA Maha Life Gold

Recommendations :No

Name of the policy :
Tata AIA Maha Life Gold

A brief desciption :

Tata AIA Maha Life Gold is a traditional whole life insurance plan in which the insured has to pay premiums for 15 years and gets a cover till the age of 100. It also provides guaranteed annual payouts at 5% of sum assured from the 10th policy year. However a whole life plan is not recommended because insurance is required for the earning member of the family who has dependents so when a person stops earning the need for insurance also vanishes. So such plans are nothing but a sheer waste of hard earned money.

Started date :24/6/2003
Type of policy :Insurance cum investment
Category :Traditional- Endowment Whole Life Plan
Insurance :Min- 25,000 Max- No Limit
Returns expected :Less than Fixed Deposit
Entry age :30-60 Years
Minimum amount :Min- 2500 Max- No limit

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