Mumbai: Private insurer Tata AIG Life Insurance on Friday announced the launch of the second series of its 'Tata AIG Life Insurance Invest Assure Apex Supreme' unit-linked insurance scheme.

"The introduction of the Series II of funds for Tata AIG Life Insurance Invest Assure Apex Supreme will once again give our customers the opportunity to invest in this unique product that is targeted at customers with medium to low risk appetite, who want to gain from the upside potential of the market whilst safeguarding their investments," Tata AIG Life Managing Director and CEO Suresh Mahalingam said in a release issued here on Friday.

Tata AIG Life Insurance Invest Assure Apex Supreme is a five-year limited pay plan with a policy term of 10 years and comes with the benefit of a guaranteed maturity unit price (GMUP) achieved under the product during the 100 reset dates.

It also provides a guaranteed maturity addition that is payable on maturity and death benefit for the financial protection.

The policy is for individuals between the ages of 18-65 years and is eligible for tax benefits.