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Guaranteed Monthly Income Plan vs Income Assure Plan

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Guaranteed Monthly Income Plan vs Income Assure Plan

Guaranteed Monthly Income Plan

Invest Smartly with Tata AIA Monthly Income Plan – Guaranteed Income and Assured Life Cover. Tata AIA Life Insurance Guaranteed Monthly Income Plan is a two-in-one life insurance plan that ensures a regular income with the benefit of assured life cover. You'll get a steady flow of guaranteed m...

Income Assure Plan

Bajaj Life Income Assure Plan by Bajaj Life Insurance is a participating savings plan offering guaranteed regular monthly income and assured life cover. The investment plan allows you to increase base cover with optional riders to protect against death, disability, and disease. Under this plan, you'...

PLAN DETAILS

Guaranteed Monthly Income Plan


Income Assure Plan

Premium Including GST
Key Features
(Key features of the plan)
  • Large Premium Boost
  • Guaranteed Monthly Income
  • 3D cover
  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate
Plan Uniqueness
  • Large Premium Boost
  • Guaranteed Monthly Income
  • 3D cover
  • Guaranteed Monthly Income
  • Choice of Payout Options
  • High Sum Assured Rebate
Plan Maturity age Maximum Maturity Age- 67 years Maximum Maturity Age - 74 years
Premium payment term 5 to 12 years 5 to 12 years
Plan Entry Age Minimum Age - 6 years Maximum Age - 13 years Minimum Age - 0 years Maximum Age - 50 years
Sum assured 11 times the Annualized Premiums No limit
Premium payment frequency Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 5 to 12 years 17 to 24 years
Claim Settlement Ratio (2023-24) Minimum Age - 0 year Minimum Age - 5 year

Know More About Plans

Invest Smartly with Tata AIA Monthly Income Plan – Guaranteed Income and Assured Life Cover.

Tata AIA Life Insurance Guaranteed Monthly Income Plan is a two-in-one life insurance plan that ensures a regular income with the benefit of assured life cover. You'll get a steady flow of guaranteed monthly income between 8.35% to 13.03% per annum of your yearly premiums. 

Under this plan, you can pay premiums for 5, 8, or 12 years (PPT) and receive your monthly income for 10, 16, or 24 years. The plan allows you to increase base cover with optional riders to stay protected against the 3Ds – Death, Disability, and Disease. Depending on your premium amount, you can even improve your monthly income benefit with Large Premium Boost. With this feature, you can increase your monthly income if you opt for a higher premium.

Tata AIA Guaranteed Monthly Income Plan offers you a range of benefits including:

why-choose
  • Death benefits
  • Maturity benefits
  • Guaranteed income
  • Convenient income term
  • Premium boosters

Other Life Insurance Companies

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