Mumbai: Tata AIG Life Insurance Company Limited (Tata AIG Life) today announced the launch of Tata AIG Life InvestAssure Health, a unit-linked health product that is designed to suit customer needs and priorities.

It is a comprehensive health policy with an all-inclusive coverage to help the insured recover illness related expenses as also allow customers to create a fund to pay for high medical expenses.

This would pay a lumpsum benefit for each day of stay in hospital arising out of an accident or sickness provided there is an overnight stay at the hospital. The policy covers a total of 946 surgeries up to 120 days (yearly) and 730 days (lifetime) of hospital stay.

From the investment point of view, it offers six fund options for investment where the investment is a substantial portion of the premium year-on-year. Bonuses on maturity range from 2% to as high as 4% of the fund value. It also grows as a fund with the money being used for the individual/ family’s future changing health needs.