Tuesday, Mar 09, 2004
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By Our Special Correspondent
MUMBAI, MARCH 8. Tata AIG Life Insurance Company today launched, InvestAssure, a unit linked insurance plan.
This plan combines the security of a life insurance policy with the opportunity of enjoying high returns on insurance premium.
Tata AIG has entered into an agreement with one of India's leading asset management company, Franklin Templeton Investments (India), under the portfolio management services licence (with assets under management (AUM) over Rs. 15,994 crores in India and AUM of over $343 billion globally) for their non-discretionary investment advisory services.
Speaking at the launch of the new insurance plan, Ian J. Watts, Managing Director, Tata AIG Life Insurance Company, said, "We believe that InvestAssure would prove to be an ideal investment vehicle for the Indian consumers to benefit from the positive sentiment seen in the Indian capital markets and at the same time not compromise on the security that every investor and insured would want to provide.''
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