Tata Aig Invest Assure Apex Supreme Review

Tata Aig Invest Assure Apex Supreme Summary

 

Highest NAV Guaranteed Unit Linked Plan with Fixed Term of 10 Years with Premium Paying Term of 5 Years.

Official Overview

The Oxford dictionary defines Apex as the “top or the highest point”. Our new product brings this definition into your insurance plan.Presenting, Tata Aig Life Insurance Invest Assure Apex supreme, a unique unit-linked life insurance plan that provides a platform ensuring the upside potential of the equity markets, whilst safe -guarding Maturity Unit Price(GMUP). Tata AIG Life Insurance Invest Assure Apex Supreme allows your saving to take advantage of high returns in a positive market scenario while safe-guarding your investment during any downturn. In addition to a death cover, the plan also enables you to choose enhanced protection with riders for a comprehensive insurance cover all eventualities.

Editor’s Review

“Highest NAV Guaranteed” – As an Investor my eyes light up on hearing that term, the “Holy Grail” of any investment, we got to keep all the profits and company bears all the losses.Is it Possible?

Is It Possible?

“GREED” is the greatest sin of any investor on which these companies are playing.  The truth is in the Details. The insurance companies are like banks, they invest where you want them to and keep a margin for themselves. Do not expect them to bear losses in investments. But their clients, who are now burned by ULIPS and Equities, want guarantee. So what do they Do? They create a plan where There are No Risks so Customer are Happy and they get more policies and They are Happy.

No Risk! How can that be possible? By investing in Debt & Money Market Instruments. What! Wasn’t it a “head I win Tail You loose” plan. Don’t fool yourself, these kinds of plans do not have any investment flexibility for YOU, the investor and has all the flexibility for the company, and the company has no direct interest in growth of your funds but direct liability if the funds go down, so the best way for them is to minimise losses even if the returns, are mediocre.

So, in short “Heads They Win & Tail You Loose”

This plan, Invest Assure Apex Supreme, is not different. The company has full flexibility to either invest in Debts, Equity or Money Market Instruments, so to minimise losses the investment is going to be debt oriented. So, you as an invester get limited return on investment. The Apex rate or highest NAV is applicable only on maturity, so if you withdraw before or surrender you only get NAV on that date. You get additional Guaranteed Maturity Addition of 1% of Fund Value on Maturity.

Key Features

• Highest NAV Guaranteed for first 100 months.
• Guaranteed Maturity Addition of 1% of Fund Value on Maturity

Benefits

• Highest NAV Guaranteed (As explained earlier how much of a Benefit it is?)
• Guarateed Maturity Addition of 1% of Fund Value on Maturity

Negatives

• You Should Expect Limited Returns as Compared to Equity Based Plans as money invested in mostly Debt Instruments.
• No Flexibility in Investment / Switching of Funds
• Highest NAV Guaranteed only on maturity
• Additional levy of Guarantee Charge of 0.25% of Fund Value per annum

Our Recommendation

This plan is no different from other of the so called “Highest Nav Guaranteed” Plans. If you are looking for long term investment for good returns then this plan is not for you. If you are looking at relatively risk free lower returns, even then prefer any other Unit Linked Plan with good Debt Fund as this plan Charges Additional Guarantee Charge of 0.25% of Fund Value Every Year. All in all there are better plans for your needs than Tata Aig Invest Assure Apex Supreme.

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