Maturity Benefit | If the policyholder survives till the end of the policy term, he/she will get total fund value on the maturity date. Death Benefit | If the policyholder encounters death in an unfortunate event and the policy is still active, the legal heir or the nominee will receive the highest of: * Single premium fund value or regular premium fund value, or * Basic sum assured after deduction of all withdrawals from single premium fund value or regular premium fund value, or * 10 times of annualised premium if the policyholder chooses limited premium payment term, or * 105% of the single premiums or regular premiums paid Along with the above, the policyholder’s nominee or legal heir also receives: * 105% of the top premiums, or * Top up fund value under the policy, or * Applicable top up sum assured
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Tata aia life insurance insta wealth plan
October 22 , 2020 |4 Comments
Tata Aia Life Insurance Wealth Maxima Plan Review
TATA AIA Life Insurance Wealth Maxima is a Unit Linked insurance Plan covering the insured till 100 years of age and also providing returns which are linked Highlights of the TATA AIA Life Insurance Wealth Maxima Plan Working of the TATA AIA Life Insurance Wealth Maxima Plan Benefits and Features of TATA AIA Life Insurance Wealth Maxima Plan * Maturity Benefit – On maturity, the Fund Value including the Loyalty Addition would be paid to the policyholder. The maturity benefit can also be availed in installments over 5 years through the Settlement Option feature of the plan. Eligibility Criteria of TATA AIA Life Insurance Wealth Maxima Plan Premium payable | Single Pay – Rs.5 lakhs Limited Pay – Rs.250,000 | No limit Applicable charges in TATA AIA Life Insurance Wealth Maxima Plan Policy year | Premium Allocation Charge for Premiums less than Rs.5 lakhs | Premium Allocation Charge for Premiums equal to and more than Rs.5 lakhs 1 | 6% | 5.50% 2 | 5.50% | 5% 3 to 5 | 5% | 4.50% 6 to 7 | 4% | 3.5% 8 to 10 | 3% | 2.5% 11 and above | 1.50% | 1% Additional Benefits of TATA AIA Life Insurance Wealth Maxima Plan * Partial Withdrawals –Four partial withdrawals are allowed in the plan after a completion of 5 policy years if the insured is above 18 years of age. The minimum amount of partial withdrawal is Rs.5000 and the maximum allowed withdrawal amount is such that the Fund Value after withdrawal should not be less than one annual premium. In case of single pay policies, the fund value after withdrawals should not fall below 5% of the single premium paid. Exclusions in TATA AIA Life Insurance Wealth Maxima Plan Non-payment of premiums in TATA AIA Life Insurance Wealth Maxima Plan 4 Best US Mid-Cap Index Mutual Funds Mid-cap stocks are the unsung heroes of the stock market, often holding their own against their large-cap counterparts. The S&P MidCap 400 Index has returned an average of 8.94% annually over the past 10 years. Mid-cap stocks likewise hold competitive advantages and greater financial resources than small-cap names. Investors seeking diversified mid-cap exposure may wish to consider the following passively managed index-based mutual funds.
How Does The Tata Aia Life Insurance Wealth Maxima Work
The Key Features Of Tata Aia Life Insurance Wealth Maxima
* The basic sum assured * For single pay - 1.25 times of the single pay. * For limited pay - the higher of 10 * annual premiums at the beginning of the policy or 0.5 * policy term * annual premiums. * Get protection for life with paying premiums in one shot or over a short period of time. * Choose your investment plan, with the flexibility of having 6 different fund options. * Get a top-up facility further increase your financial portfolio. * Want to take a loan, get to make partial withdrawals after the policy has been in effect for 5 years to meet an financial expenses. * Enjoy Tax benefits under section 80C and 10(10D) of the Income Tax Act 1961. * Get a boost to your investments, with regular loyalty additions credited to your policy. * A grace period of 30 day will be provided to make regular premium payments, policies on monthly mode the grace period would be 15 days. * Customize your plan, by adding a choice of 3 additional unit deducting riders. * Enhanced Systematic Money Allocation or Regular Transfer investment portfolio strategy, choose between them. * Free look period of 15 days is provided to you, you can decide if you are satisfied with the terms and conditions of the policy. A 30 day free look period will be offered is the policy source is through distance marketing. * There are many optional riders you add to your policy, these can be added to the policy at the start or inception of the policy. The riders are applicable for the payment term you have chosen. If you have chosen the limited pay option, the riders available are * Tata AIA Life Insurance Waiver of Premium (Linked) Rider * Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider * Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider If you have chosen the single pay option, then the riders applicable is Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider.
Tata Aia Life Insurance Wealth Policies
I Tata Aia Life Insurance Wealth Pro
It is a non-participating unit-linked endowment assurance plan under which settlement option is provided on maturity, thus enabling you to receive the maturity amount either in a lump sum or in installments. It offers liquidity facility in case of need. * Flexibility To Pay a Premium: The plan offers the flexibility to pay the premium one time or for a limited period. * Riders: The plan offers the opportunity to customize your product with the help of three additional unit deducting riders. 30 days to 60 years Maximum maturity age Premium paying term Single Pay Limited Pay – 5 /7 and10 years Regular /Limited Pay – 15 and 20 Minimum premium Single Pay – Rs. 5,00,000 Regular/Limited Pay – Rs. 2,50,000 per annum
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Elissa
July 28 , 2023ในช่วงเวลานี้ มั่นใจว่าทุกท่านนั้นจะต้องประสบปัญหาไม่มีงานทำหรือมีปัญหาเรื่องของการเงินอย่างไม่ต้องสงสัย เนื่องจากไม่ว่าจะเป็นเศรษฐกิจที่ถดถอย
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