TATA AIG LIFE Nirvana

You need money to live after you retire, but is the money you saved going to be enough?
The Tata AIG Life Nirvana (Nirvana) retirement plan is a flexible policy that allows you to choose your retirement age (from 50 to 65 years).

Key features include:

•Sum Assured is payable on death during the accumulation stage or on vesting age.
•A guaranteed 10% addition to the sum assured payable at the time of your death or vesting age if your policy has been in force for 10 years.
•A Reversionary bonus declared from the 5th policy anniversary and credited on each policy anniversary.
•A Terminal bonus is payable at the time of retirement or death (policy must be in force for a minimum 10 years).
•A maximum of one-third of your accumulated sum assured at vesting age can be commuted. The remaining can be used purchase an annuity that pays a monthly pension for the rest of your (or your beneficiary’s) life.
Tax Benefits, Riders and Age Eligibility
•The lump sum paid upon on retirement or death is tax-free.
•Premiums paid under this plan are eligible for tax benefits under Section 80CCC of the Income Tax Act, 1961*.
•Accident, Term and Critical Illness riders are available for added protection.
•Policy is available for persons between 18 and 55 years of age.