Tata Life Insurance launches first single-premium policy

Mumbai, Jan 9 (UNI) Tata AIG Life Insurance Company today launched its first single-premium annuity plan that will be available in ''Easy Retire Immediate Annuity Plan'' and ''Group Immediate Annuity Plan'' versions.

The plan will provide return of purchase price and also offer annuity payments payable throughout the lifetime of an annuitant and has been aimed at the retail and corporate segments, a release stated.

Under the Easy Retire Immediate Annuity plan for individuals, the policy holder can convert his corpus to a guaranteed regular income.

Under Group Immediate Annuity-a group annuity plan, the corpus can give a secure, guaranteed and regular income flow. Both the schemes also offer flexibility in payment modes, the release added.

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