Tata AIA Life launches Money Maxima

MUMBAI: Tata AIA Life Insurance today launched a product, Money Maxima, a long-term plan which is compliant with new IRDA guidelines.

"Money Maxima is a long term plan that stretches to fit the dreams of our customers through flexibility of plan duration. The plan offers the dual benefits of both guaranteed and non-guaranteed returns and, hence, is good value for money," Tata AIA Life Deputy CEO and CDO Mukesh Dhawan said in a release.

Tata AIA Life has launched a bouquet of solutions, compliant with new IRDA guidelines applicable from this month.

These new offerings also provide additional benefits such as guaranteed returns, liquidity and flexibility of plan duration.

Tata AIA Life is a joint venture between Tata Sons and AIA Group, an independent publicly listed pan-Asian life insurance group.