Thursday, February 14, 2008

Tata AIG Life Insurance launches pure pension plan

Pune: Tata AIG Life Insurance Carbon Dioxide Ltd Tuesday announced the launch of a unit-linked pension plan, Invest Guarantee Future. This working capital accretion program haps to be the first pure pension program from Tata AIG Life's portfolio.

It come ups in two options, through payment of a single or a regular premium.

Invest Guarantee Future warrants a fillip at adulthood over and above the sum retirement kitty. The policyholder can take from a spreading of five monetary fund options - Future Equity Pension Fund, Future Income Pension Fund, Future Capital Bonded Pension Fund, Future Growth Pension Fund and Future Balanced Pension Fund.

Speaking at the launch, Joydeep Roy, main statistical distribution military officer of Tata AIG Life, said: "Retirement planning is the single most important economy needed for the clients given the addition in life anticipation and outgrowth of the atomic family."

Customers can help of this policy starting from the age of 18 old age till the age of 65 old age in lawsuit of regular insurance insurance premium and 70 old age in lawsuit of single premium.

The lower limit yearly insurance insurance insurance premium amount in lawsuit of regular premium payment option is Rs 10,000 and in lawsuit of single premium payment option it is Rs 25,000. Additionally, the insurance premium paid under this policy is eligible for taxation tax deduction under Section 80CCC of the Income Tax Act, 1961.

Invest Guarantee Future volition be available nationally through Tata AIG Life's advisers and other statistical distribution partners.

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