Tata AIG life, Tata home fin launch insurance scheme

Mumbai, Nov 19: Tata AIG Life Insurance Company Ltd on Monday launched a ‘mortgage reducing term insurance programme’, a group insurance policy, with Tata Home Finance Ltd. The programme is a voluntary insurance plan offered to the housing loan customers of Tata Home Finance and insures the home by settling the mortgage outstanding in the event of loss of life, a Tata release said.

In addition, this also offers an optional cover for total and permanent disability, it added. The release said the benefits of the plan were arranged through the policy purchased from Tata AIG.

— PTI