Tata-AIG Life launches unit-linked policy
Thursday, 17 January 2008, 17:09 IST
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Kolkata: Tata-AIG Life Insurance Company, a joint venture between the Tata group and American International Group (AIG), launched a unit-linked insurance plan called InvestAssure Flexi here on Tuesday. Speaking at the national launch of the product, Tata-AIG Managing Director Trevor Bull said: "InvestAssure Flexi would enable investors to manage their risk-return balance by providing them flexibility to customise their investment portfolio while providing inbuilt tailored protection." For a plan where 10 or more annual premiums are paid, the policy also offers a guaranteed bonus at maturity. The product also offers maturity till 80 years of age. Customers have the flexibility to choose the sum assured of up to 60 times the annual premium, he said, adding that customers can avail of this policy 30 days from birth till the age of 70 years. The Tata group has 74 percent stake in the insurance venture with AIG holding the balance 26 percent.
Source: IANS
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