Tata AIG Life launches child ULIP

Private insurer Tata AIG Life on Wednesday launched a unit-linked life insurance plan (ULIP) for children’s education, InvestAssure
Superstar. In the case of the parent’s (proposer’s) unfortunate demise, the sum assured would be paid to the nominee and further premiums would be paid by the company through the inbuilt Waiver of Premium (WOP), among other benefits.

The fund under the policy would also continue to grow till maturity, the company said in a statement in Mumbai.