Tata AIA Maha Life Supreme

Recommendations :No

Name of the policy :
Tata AIA Maha Life Supreme

A brief desciption :

Tata AIA Maha Life Supreme is an endowment plan with limited payment facility. This plan provides for Guaranteed Annual Income based on the plan choice you have opted for and the Premium Amount. The Guaranteed Annual Income would start after the Premium Paying Term is over, i.e. after 15 years for Option A and after 12 years for Option B and would continue till the end of the Policy Tenure or death of the Life Insured, whichever is earlier. 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.

Type of policy :Insurance cum investment
Category :Traditional- Endowment Plan
Insurance :10 times AP
Returns expected :Less than Fixed Deposit
Entry age :18-55 Years

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