The latest life insurance product by Tata AIA Life Insurance Co. Ltd, called the Tata AIA Life Insurance Guaranteed Monthly Income Plan, is a non-participating traditional insurance policy that offers guaranteed investment benefits. Not just that, the guaranteed benefit in this plan is designed in a way that it gives you a guaranteed monthly income for a defined number of years.
The proposition of guaranteed income looks attractive, but there is one major pitfall with long-term guaranteed products and that’s the rate of investment return. Read on about the product to understand why.
