Tata AIA Shubh Life

Recommendations :No

Name of the policy :
Tata AIA Shubh Life

A brief desciption :

Tata AIA Shubh Life is a traditional endowment plan. This plan provides for Guaranteed Loyalty Addition of 3% of Basic Sum Assured once in every 2 years till half the Policy Tenure. Thus for a 10 years policy, Guaranteed Loyalty Additions are paid in years 1, 3 and 5 and for a 15 years policy, Guaranteed Loyalty Additions are paid in years 1, 3, 5 and 7. 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 :28/12/2004
Type of policy :Insurance cum investment
Category :Traditional- Endowment Plan
Returns expected :Less than Fixed Deposit
Entry age :18 Years to 75 Years- Policy Term
Surrender :Guaranteed Surrender Value = 30% of all basic premiums paid - 1st year's premium
Minimum amount :Min- 7500 Max- No limit

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