Tata AIA Life Insurance Launches ‘Suraksha Kosh’

Tata AIA Life Insurance Company launched its new multiple benefits plan ‘Suraksha Kosh’ on Sept. 20, 2012. The policy provides life, health and accidental protection coverage.

Suraksha Kosh is a non-participating unit-linked endowment insurance plan that ensures that the savings is protected from uncertain events by providing adequate life and health insurance protection against major illness and surgery.

The plan offers a choice of four inbuilt benefit options to customers in the form of ‘death and surgical benefit,’ ‘surgical benefit’ against 948 listed surgeries, ‘critical illness benefit’ where a lumpsum is paid on first diagnosis of an illness and ‘accidental death and dismemberment benefit’ which provides an additional sum assured in case of accidental death as also protection against accidental dismemberments.

Suraksha Kosh offers a policy term of 15 to 40 years to individuals aged 18 to 50 years with a maximum maturity age of 65.