Mahalife Gold Plan
vs
Lic Bima Diamond

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Mahalife Gold Plan vs Lic Bima Diamond

Mahalife Gold Plan

Tata AIA MahaLife Gold is a traditional life insurance savings plan offered by Tata AIA Life Insurance. It offers whole-life coverage up to the age of 100 years, along with regular income starting right after completion of the premium paying term. Whether you are a salaried employee or running a bus...

Lic Bima Diamond

LIC launched the Bima Diamond Plan (table No. 841) on September 19, 2016. This is a non-linked plan, i.e. it doesn't depend on the share market. It is a limited premium paying money-back plan in which the policyholder would be paying fewer premiums for a more extensive policy coverage period. It pro...

PLAN DETAILS

Mahalife Gold Plan


Lic Bima Diamond

Premium Including GST
Key Features
(Key features of the plan)
  • Whole life coverage
  • Paid annual income
  • Guaranteed amount on maturity
  • Affordable Premiums
  • Tax Benefits
  • Flexible Policy Tenure
Plan Uniqueness
  • Whole life coverage
  • Paid annual income
  • Guaranteed amount on maturity
  • Death Benefits
  • Auto Cover
  • Loyalty Addition
Plan Maturity age 100 years Maximum Maturity Age - 65 years
Premium payment term Same as policy term 10 to 15 years
Plan Entry Age Minimum Age - 30 days, Maximum Age - 60 years Minimum Age - 14 years Maximum Age - 45 years
Sum assured No limit Rs 1 lakh to Rs 5 lakh
Premium payment frequency Annual, half-yearly, quarterly & monthly Annual, half-yearly, quarterly & monthly
Plan Sample Premium - -
Plan Brochure Brochure URL Brochure URL
Policy tenure 100 minus Entry Age 16, 20, 24 years
Claim Settlement Ratio (2023-24) Minimum Age - 0 year 98.62

Know More About Plans

Overview

Tata AIA MahaLife Gold is a traditional life insurance savings plan offered by Tata AIA Life Insurance. It offers whole-life coverage up to the age of 100 years, along with regular income starting right after completion of the premium paying term. Whether you are a salaried employee or running a business, Tata AIA Maha Life Gold can be bought by anyone. 

Wait, this list is still ongoing…like stocks, this plan also pays a dividend annually (non-guaranteed) starting from the sixth policy year. Moreover, Tata AIA Mahalife Gold is aimed at individuals seeking a reliable plan that combines insurance protection with wealth accumulation, making it suitable for long-term financial planning and legacy creation.

Tata AIA MahaLife Gold Plan offers you a range of benefits including:

why-choose
  • Lifetime cover up to 100 years of age
  • Maturity benefits
  • Guaranteed additions
  • Cash bonuses
  • Survival benefits

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Bijender Singh

Reviewed By: Bijender Singh

With 9 years of progressive experience in the insurance industry, including 7 years at Policy X, I have honed my expertise in Life and Health Insurance. My strengths lie in devising customer-centric solutions, streamlining insurance processes, and delivering exceptional service. I have successfully led high-performing teams, excelling in business planning, manpower management, and strategic decision-making.