Tata AIG Life InvestAssure Superstar

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Tata AIG Life launched new product InvestAssure Superstar a child ULIP plan.


Policy comes with a Waiver of Premium in case of death or Permanent disability of the life assured.

  • Family Guard – It will pay 100% of the future premiums into your policy as if the policy is on monthly mode (OR)

  • Family Advantage – It will pay 50% of future premiums into your fund as if the policy is on monthly mode and 50% to the policyholder/nominee as if the policy is on monthly mode.

Policy has a flexible policy term between 10 – 25 years and flexible premium paying term of 5,10 -25 years.


Minimum premium is Rs. 20,000 for term between 10 – 25 years and Rs. 48,000 for 5 years term.


There are variety of funds type available to choose . Top 50 Fund, Top 200 Fund, Super Select Equity Fund, Aggressive Flexi Fund, Stable Flexi Fund, Large Cap Equity Fund, Bond Fund & Super 110% Capital Guarantee Fund.


Policy has an option to save under Systematic Money Allocation & Regular Transfer Investment (SMART), here Through SMART, one can initially park their annual allocable premium along-with any existing units in any one fund (chosen out of the funds of Tata AIG Life Invest Assure Superstar). This fund is called the "Accumulation Fund". There after a defined portion out of the Accumulation Fund will get transferred to another fund (chosen out of the funds of Tata AIG Life InvestAssure Superstar other than the Accumulation Fund) on a monthly basis. This fund is called the "Target Fund".


On maturity total fund value + Guaranteed Maturity bonus is paid, guaranteed maturity bonus is between 2% to 4% of regular premium fund value depending on policy term.


Allocation charges are between 8% to 26% in the first 2 years depending on premium amount and premium paying term. It comes to as low as 1% from 6th year onwards.


Fund management charge is flat 1.20% of fund value per annum.


Policy can be surrendered without any charge after 5th year.

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1 comments:

This is an interesting post, "Tata AIG is really Superstar....
Thanks for the post...

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