Tata Aig To Launch Novel Life Cover

Tata AIG Life Insurance Company will launch a whole-life insurance policy, MahaLife, on Thursday, commensurating with the US Independence Day.

This is the first policy of its kind in India which offers a whole life insurance cover that doubles up as an annuity plan, and generates guaranteed tax-free income.

MahaLife plan cash dividends each year starting from the sixth year of the policy. Tata AIG