Tata AIG launches ULIP

Tata AIG Life Insurance Company has launched ‘InvestAssure Gold,’ a whole life unit-linked insurance plan (ULIP), in Chennai. Mr Joydeep Roy, Chief Distribution Officer, said that the product offered the advantage of combining protection and tax advantages with the prospect of investing in different kinds of securities through multiple fund options. There is the option to pay premiums for only five years, besides the enhanced entry age up to 70, to ensure that the elderly population is not excluded, he said. The policy provides life cover till the age of 100. He said that nearly 55 to 60 per cent of the premium was through sale of ULIPs while the balance came from term, pension, health and endowment products. —

Source: The Hindu Business Line