-
-
-
Services
-
-
-
More
-
POSTED BY ON December 10, 2012 5:07 pm COMMENTS (5)
I purchased TATA AIG life InvestAssure-II (ULIP) on 14-Sep-2006 (I don’t know why). Yearly Premium is Rs.20,000 and sum assured is 6,00,00. I have been paying regular premium till date. As per the policy documents there is no surrender charge after 6 years from date of purchase. I want to understand following points from you.
1. This ULIP is underperforming and I don’t see any change in total fund value. I understand ULIP is good if you track properly and smartly choose the fund which is difficult for me. I have invested apprx 1,20,000 so far and fund value is ~1,18,000. Do you suggest I should surrender this policy and invest in MFs.
2. If I surrender: Is it a good idea to invest in STP and start SIP with this fund?
Thanks a ton for your suggestion.
Regards,
Chintan
2021 © Jagoinvestor.com All Right Reserved
At the time of maturity of the TATA AIG life InvestAssure-II Plan, does the entire corpus subject to income tax? (paid up premiums as well as profits earned from the investments based on NAV) or only a certain amount is taxable?
No taxation
I regret taking TATA AIG life InvestAssure-II. Here is the reason why:
http://www.thomasabeesh.com/2110/my-investment-mistakes/
Dear Customer,
We understand that you have certain concerns regarding your policy. However in absence of your policy number or contact number we are unable to examine the matter.
We request you to kindly send us an email on customercare@tataaia.com or life.complaints@tataaia.com providing us with the relevant details in order to assist you in this matter.
In case of any further queries/clarifications, please feel free to contact us 1860-266-9966.
We thank you for your patience and understanding in this regard.
Yours sincerely,
Manager – Customer Services
Tata AIA Life Insurance Company.
Some discussion here http://localhost/jagoforum2/tata-aia-ulip-policy-surrender/4994/
http://localhost/jagoforum2/tata-aig-investassure-flexi-fund-switching/3714/