Mumbai, Apr 25: Tata AIG life insurance company Ltd today launched three life insurance policies exclusively for children. "Assure Educare at age 18, Assure Educare at age 21 and Assure Careerbuilder" have been designed keeping in mind the funds needed to meet the university and specilisation education expenses of a child and also offer an insurance cover, the company said in a release here.
The third policy is a money back life insurance policy with lumpsum payments at 18, 21 and 24 years and finally maturing with the child attaining 27 years, it added.

Tata AIG life insurance company managing director Ian J Watts said "with higher education becoming increasingly competitive and expensive, planning the education of a child is a priority concern for any parent".
Assure Educare 18 and Assure Educare 21 are participating endowment plans. These policies offer a guaranteed addition of 30 per cent of the sum assured. A guaranteed addition of 10 per cent of the sum assured is payable if the person insured dies after 10 years or with the maturity of the policy.
In addition there is a guaranteed education amount, which is 20 per cent of the sum assured payable on maturity of the policy, the company added. Bureau Report