Tata AIA Life launches money back plan

Tata AIA Life has announced the launch of Money Back Plus, a savings solution that offers customers money back in both short and longer term intervals along with bonuses.

The premium paying term is half of the policy term, and the plan offers protection solution including built-in double coverage for accidental death.

Money Back Plus is structured into three equal tranches totaling 20% each of sum assured to take care of short term goals. 

In addition, a lump sum payment at maturity, which can be an additional 70% sum assured, plus compounded bonus and terminal bonus takes care of medium to longer term goals.