NewZNew (Chandigarh) : Tata AIA Life Insurance Company Limited (Tata AIA Life) announced the launch of the unique Tata AIA Life Money Back Plus (Money Back Plus), a savings solution that offers customers money back in both short and longer term intervals along with bonuses. The premium paying term is only half of the policy term, and the plan offers protection solution including built-in double coverage for accidental death.
Money Back Plus is structured into three equal tranches totaling 20% each of sum assured to take care of short term goals. In addition, a lump sum payment at maturity, which can be as high as an additional 70% sum assured, plus compounded bonus and terminal bonus takes care of medium to longer term goals.
Ravi Vishwanath, Deputy CEO of Tata AIA Life, said, “In line with our belief of ‘Making Good Happen’, we have launched Money Back Plus. From School to College to Car to Marriage, Money Back Plus will help our customers Make Good Happen for the ones they love.”
* Starting from 4th, 5th and 6th policy year respectively at an equal interval throughout the policy term subject to plan option selected.