• Investment World
• eWorld
• Catalyst
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• The Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Bureau

Kolkata , Dec. 8

TATA AIG Life Insurance on Thursday launched a participating money back policy, `Nirbhay Life'.

The company has positioned the plan as a limited-payment period policy with a nine-year payment term.

The policy holder will get money at regular intervals, with terminal bonus at the end of the policy term.

The plan allows payout of risk cover in the case of death. While the premium payment will stop, the money back will continue to meet the needs planned by the customer, Mr Joydeep Roy, Director - Alternate Channels, Tata AIG, told newspersons.

The plan will be available in three versions, for policy terms spanning 12, 15 and 20 years. There will be a guaranteed payout of 130 per cent of the sum assured at the end of the term. Besides, there will be a guaranteed 330 per cent payout in case of death on or after the second policy anniversary other than an accident.

There will be a further guaranteed 430 per cent payout in case of accidental death or on after the second anniversary for policies issued to individuals who is 18 years or above, Mr Roy stated.

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

More Stories on : Life Insurance | New Products & Services

Stories in this Section
Rupee weak; gilts in range

Copyright © 2005, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line