Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India’s leading life insurers, has introduced Tata AIA NIFTY Alpha 50 Index Fund through its unit-linked insurance products, which is an open-ended New Fund Offering (NFO) with an alpha investing strategy to benefit from potential growth while securing their loved ones with the protection of a life insurance cover. The NFO will remain open until September 30th, 2024, with units offered at an NAV of Rs. 10 per unit during the NFO period.
Commenting on the launch, Harshad Patil, Executive Vice President and Chief Investment Officer (CIO) of Tata AIA, said, “With India’s economy expanding multifold over the next few decades, the Indian equity market presents significant wealth creation opportunities.”
Tata AIA policyholders can invest in the NIFTY Alpha 50 Index Fund through the company’s innovative unit-linked insurance plans available under its popular Tata AIA Param Rakshak (PR) ++series and Tata AIA Pro-Fit plan+++. These solutions offer long-term growth potential of equity investments while securing consumers and their families with the much-needed life and health insurance covers.
