Tata AIG Life Insurance

Tata AIG Life Raksha Plan

UIN:110N031V01

Tata AIG Life Raksha, an affordable non participating term insurance plan which provides high life coverage for your loved ones security so that you can enjoy every bit of life without compromising your peace of mind.

Key Features

* Sum Assured paid to nominee in case of unfortunate death of the life insured
* Adequate life cover for financial protection of the entire family at affordable premiums
* Choice of policy terms to suit your requirements
* Option to convert into any Tata AIG Life Savings Plan*
* Tax Benefits u/s 80C of the Income Tax Act, 1961

DISCLAIMERS

* Insurance is the subject matter of the solicitation.
* This product is underwritten by Tata AIG Life Insurance Company Limited.
* For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale
* Tax benefits are as per Income Tax Act, 1961, and are subject to modifications made thereto from time to time. Please consult your own tax consultant to know the tax benefit available to you.
* Riders are not mandatory and are available for a nominal extra cost.
* Service tax is applicable as per governing laws and the same shall be borne by the policyholder. Tata AIG Life Insurance Company Limited reserves the right to recover from the Policyholder, any levies and duties (including service tax), as imposed by the government from time to time. Kindly refer to the proposal / Sales Illustration for the exact premium / fees / charges.
* Past performance is not indicative of future results.

Section 41 of the Insurance Act, 1938 - Prohibition of Rebate:

1. No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer.
2. Any person making default in complying with the provisions of this section shall be punishable with a fine which may extend to five hundred rupees.
# Section 45 of the Insurance Act, 1938
No policy of life insurance effected before the commencement of this Act shall after the expiry of two years from the date of commencement of this Act and no policy of life insurance effected after the coming into force of this Act shall, after the expiry of two years from the date on which it was effected be called in question by an insurer on the ground that statement made in the proposal or in any report of a medical officer, or referee, or friend of the insured, or in any other document leading to the issue of the policy, was inaccurate or false, unless the insurer shows that such statement was on a material matter or suppressed facts which it was material to disclose and that it was fraudulently made by the policyholder and that the policyholder knew at the time of making it that the statement was false or that it suppressed facts which it was material to disclose: Provided that nothing in this section shall prevent the insurer from calling for proof of age at any time if he is entitled to do so, and no policy shall be deemed to be called in question merely because the terms of the policy are adjusted on subsequent proof that the age of the life insured was incorrectly stated in the proposal.

In case of Unit Linked Life Insurance Products, the following disclaimers are additionally applicable:

# IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICY HOLDER.
# Unit Linked Insurance products are different from traditional Life Insurance products and are subject to risk factors.
# Premiums paid in Unit Linked Life Insurance policies are subject to Investment risks associated with capital Markets & the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.
# Tata AIG Life Insurance Company Limited is only the name of Insurance Company & Tata AIG Life Invest Assure Flexi Supreme, Tata AIG Life Lakshya Supreme ,Tata AIG Life Invest Assure Plus Supreme are only the names of the unit linked life insurance contracts and do not in anyway indicate the quality of the contracts, their future prospects or returns.
# The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns.
# Investments are subject to market risks.
# In respect of premiums(including local cheque or demand draft, payable at par at the place where the premium is received)/fund switch request received up to 03.00p.m by Tata AIG Life, the closing NAV of the day on which the premium is received shall be applicable. If the same is received after 03.00p.m, the closing NAV of the next business day shall be applicable. In respect of out station cheques/demand drafts received at the place where the premium is received, the closing NAV of the day on which cheque/demand draft is realised shall be applicable. For the purpose of NAV calculation, the premium shall be deemed to have been received only when the same is either directly received at any of the offices Tata AIG Life or when Tata AIG Life receives intimation from an authorised source about the receipt of premium at such alternate venue(eg. drop box), as authorised by Tata AIG Life. If intimation is received after 03.00p.m or on a Saturday, Sunday, Public holiday/non business day for Tata AIG Life, NAV for the next working day will be applicable.

Tata AIG Life Insurance

Monday, January 17, 2011

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