Fw: Maha Life Gold

 

IEP INSURANCE BROKING SERVICES PVT. LTD.

4F, 4th Floor, Kences Towers, Ramakrishna Street, North Usman Road, T.Nagar, Chennai 600017.

 

Dear Investor,
Greetings from IEP Insurance.

We have great pleasure in introducing  " Maha Life Gold " from Tata AIG Life Insurance – a whole life insurance plan, which is an Ideal Gift to your beloved child.

Benefits :

• Child Life will be covered up to the age of 100, by paying premium for 15 years only.
• Guaranteed Annual Cash Payout @ 5% p.a from 10^th year onwards till 100^th Birthday.
• Non Guaranteed Annual Cash Dividend from 6^th year onwards till 100^th birthday. ( Payout Declared for FY 2010-11 is 2.62%)
• In the event of unfortunate death of the parent during the premium payment term, all the future premium will be waived and the child will receive the Annual Payout every year up to his/her 100^th birth day.
• Tax Benefit U/S 80c & 10(10D) of IT Act 1964.

Individuals aged between 30 days to 60 years can join this plan.

Illustration :

Parent aged 40 takes the policy for his 5 year old child with a Life cover of Rs.10 Lac. The Annual Premium payable is Rs.92,695/- & the Child Life will be covered up to his / her 100^th birth day for Rs.10 Lac.

• From 6^th year onwards the child will start receiving the Non Guaranteed Annual Cash Dividend approximately Rs.40,000/-* 
• From 10^th year onwards the child will start receiving approximately Rs.90,000 ( Guaranteed Rs.50,000 + Non Guaranteed Rs.40,000*)
• The child will receive both the payouts till his/her 100^th birthday (which is totally a Tax Free Income)

In the unfortunate event of parent's death, say after paying premium for five years, all the future premiums  ( 10 X 92,695 = 9,26,950 ) will be waived off & the child will continue to get approximately  Rs.90,000 as Annual Cash Payout till his/her 100^th Birth Day.

*  Annual Cash Dividend is Non Guaranteed & for illustration purposes assumed the same @ 4% p.a.

For more details please contact us. 

    

Regards,

IEP Insurance Broking Services Pvt Ltd.,