*Please note that the quotes shown will be from our partners

Mahalife Gold Whole Life Insurance By Tata AIA

MahaLife Gold is a comprehensive plan launched by Tata AIA Life Insurance Company that offers life cover of up to 85 years of age along with assured benefits for long term and short term life needs.

Economical and futuristic, this plan can be bought from new born child (zero age) wherein the parents need to pay the premium only for 15 years of age and from then till the age of 85 years; the child receives life cover along with guaranteed annual income.

Shivdutt Das, vice president of Tata AIA Life, commented on the plan saying that everyone works in the direction of creating a secured future and better lifestyle for themselves and their family.  Taking care of three generations Tata AIA Life Insurance MahaLife Gold offers income tax benefit to the 1st generation enjoys tax-benefit on the premium paid, next gets the guaranteed and non-guaranteed income with the life coverage and the 3rd generation receives sum assured on maturity.

Other benefits include- 

  • 5.5 percent guaranteed annual coupons starting from the 10th policy anniversary till maturity.
  • Tax benefits u/s 80C and 10 (10D) of the Income Tax Act, 1961.
  • Lump sum payment at maturity in addition to the regular income.
  • Non-guaranteed cash dividends annually from 6th policy anniversary till maturity.

Life coverage for whole of life

Written By: PolicyBazaar - Updated: 17 September 2021
You May Also Want to Know About
Term Insurance Till 99 Years Of Coverage
Term Insurance Till 99 Years Of Coverage Picking the right policy at the right time is too tricky. If you pick term insurance for a longer period, you will end up paying more premiums. In similar ways, if you pick term insurance for a short peri...
Early Payout on Terminal Illness
Early Payout on Terminal Illness Life insurance helps protect your family to be financially secure and happy in case of an unfortunate demise of the policyholder. If in case a policyholder is diagnosed with a terminal illness, you may be able to...
Term Life insurance Smoker vs non-Smoker
Term Life insurance Smoker vs non-Smoker You must have heard that smoking is injurious to health, but apart from affecting health, do you know that it can also hit your pocked hard when it comes to purchasing term insurance. In Insurance, one of...
Waiver Of Premium | Everything About Term Insurance- Waiver Of Premium
Waiver Of Premium | Everything About Term Insurance- Waiver Of Premium Nowadays, term insurance is a necessity that offers protection to your family in case of an unforeseen event. As we all know, uncertainties can come to your life anytime anyw...
Group Term Life Insurance vs Voluntary Life Insurance
Group Term Life Insurance vs Voluntary Life Insurance Side by Side Comparison helps in making an informed decision Every employer wants their workplace to be safe and healthy for the employees. Employee’s health and his/her family’s financial...
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL