12Return of Purchase price means return of all premiums paid excluding any extra premium, any rider premium, taxes and other statutory levies, if applicable.11The word Guaranteed, and Guarantee means the annuity payout is fixed at inception of the policy and will be payable for whole of life or till death of the Annuitant(s).Not applicable to ULIP policies and open title claims. Subject to submission of complete documents. Time limit to submit claim to Tata AIA by 2 pm (working days). 10Applicable to only non-early claims more than 3 years of policy duration, non-investigation cases, up to Sum assured of 50 Lakh.9As on 31 st August 2022, the company has a total Assets Under Management (AUM) of Rs.8Retail Sum Assured for FY22 is Rs 3,07,804 Cr.7Families protected from inception till date.6Individual Death Claim Settlement Ratio is 99.01% for FY 2022 - 23 as per the latest annual audited figures.The assumed rate of returns or illustrated amount may not be guaranteed and depends on market fluctuations. 5Market-linked returns are subject to market risks and terms & conditions of the product.For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/Intermediary/ branch. 4Riders are not mandatory and are available for a nominal extra cost.3Available under Regular Income with an Inbuilt Critical Illness Benefit option.The assessment under the wellness program shall not be considered as a medical advice or a substitute to a consultation/treatment by a professional medical practitioner. Limited, a joint venture between Vitality Group International, INC. Vitality is a trademark licensed to Tata AIA Life by Amplify Health Assets PTE. Please refer policy document for more details. Discount is driven by accumulated points which is achieved through wellness status. The rewards are offered on cumulative basis and in any year, the maximum rewards in view of both the upfront rewards and annual rewards flex together shall be 15% for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care and 30% for all other benefit options. 2On enrolling into the wellness Program, you get an upfront discount of 5% on first year premium for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care Benefits and of 10% on first year premiums of the other benefit options.Before purchasing a life insurance policy, it is advisable to understand these exclusions so that you can get the most out of your life insurance policy. There are also some exceptions and exclusions under life insurance. The riders come at an additional but nominal cost and cannot be purchased unless you have a valid life insurance policy. These riders cover a range of unforeseen risks like hospitalisation costs, critical illnesses, accidental death and disability, and more. Life insurance does not always cover deaths caused due to specific illnesses, injuries, and accidents. You can also pay a one-time lump sum as the premium if you want to avoid paying monthly/yearly premiums. The premium paying term can be chosen for the number of years you want to pay your premiums. The policy term determines how many years your life insurance plan will offer coverage to your family. During the policy term, you invest in the funds under the policy, and on maturity, you can earn market-linked returns 5 from your investment.Ī life insurance plan allows you to choose from flexible policy terms, premium paying terms, and a mode, as per your needs and convenience. You can choose a ULIP as per your risk appetite and investment goals. Similarly, Unit-Linked Insurance Plans combine life insurance with investment. However, this is subject to your survival until then. With a money-back plan, endowment plan, or guaranteed returns plan, a maturity benefit is payable when the policy matures. Life insurance policies like savings plans comprise long-term savings as well as life insurance. After the benefits are paid out, the life cover will be terminated. Under a term plan, your family will be protected by a pure life cover and will receive death benefits in case of your death. Term insurance is the simplest form of life insurance. However, there are different types of life insurance policies, and they all serve different purposes. To keep the life insurance coverage active, you need to make the premium payments towards the policy as per the selected. Life insurance secures the financial needs of your family and ensures their well-being in case of your untimely demise.
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