Tata AIA Life Insurance launches a guaranteed monthly income scheme

Tata AIA Life Insurance has launched a guaranteed monthly income scheme, a non-linked, non-participating life insurance plan.

The scheme offers guaranteed tax-free monthly income for the longest duration of 24 years from the date of expiry of the premium payment or policy term, the insurer said in a statement.

The product caters to life-stage financial goals like retirement needs and children's education expenses, it said.

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)