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Guaranteed Monthly Income Plan
VS
Lic
| PLAN DETAILS |
Guaranteed Monthly Income Plan |
Lic |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
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|
| Plan Uniqueness |
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| Plan Maturity age | Maximum Maturity Age- 67 years | Maximum Maturity Age - Whole life |
| Premium payment term | 5 to 12 years | - |
| Plan Entry Age | Minimum Age - 6 years Maximum Age - 13 years | Minimum Age - 25 years Maximum Age - 100 years |
| Sum assured | 11 times the Annualized Premiums | Rs 1 lakhs to 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 | Minimum term - 5 years Maximum term - Whole life |
| Claim Settlement Ratio (2023-24) | Minimum Age - 0 year | 98.62 |
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:
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