Tata AIG to strengthen branch network by August, 2007

Chennai, Jul 17 (UNI) The Tata AIG Life Insurance company would strengthen its branch network to 205 by the end of August next, as against the existing 169 branches, according to Company's Chief Distribution Officer, Joydeep Roy and Sr Vice President, Investments, Prasun Gajri.

Talking to newspersons here today, soon after the launch of company's nationwide campaign for Invest Assure gold, a whole life unit-linked Insurance solution years, they said Invest Assure gold blends in protection and tax advantages of Life Insurance with attraction of investments in assets through multiple fund options upto 100 years.

They said the product is a complete and comprehensive insurance plan which precludes the investors' need to look for more than one product to satisfy his financial needs.

They said the new product would have five-fund options, namely whole life mid cap equity fuind, whole life aggressive growth fund, whole life stable growth fund, whole life income fund and whole life short-term fixed income fund and the policy holders could choose any one.

They said customers could apply for their policies till attaining the age of 70 and can enjoy protection for their entire life, till he becomes 100-year-old. The policy could be availed of 30 days from birth for 70 years.

They said apart from death and maturity benefits, the product provides the policy holder the option to pay premium only for five years to avail life-cover up for investors upto 100 years. The investors could either withdraw money when the need arises or invest surplus money to further augment his corpus, they added.

The premium paid under this policy is eligible for tax deduction, they said.

At present the company is having 23400 advisors(agents) and 13,000 business associates, they added.

UNI