A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan (UIN: 110N157V01)

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Tata AIASaral Jeevan Bima

Image Of Tata AIA Saral Jeevan Bima

The Tata AIA Saral Jeevan Bima is a pure protection plan which offers family security to your family that enables them to lead a life on their terms and fulfil all their future goals.

Family Picture - Tata AIA Life Insurance Plans

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At every step of your life, having a concrete financial plan and a safety net for your family members and dependents is important. When making this decision and after taking into consideration the various risks that may strike in the future, you can move towards securing your loved ones with a term plan that offers simple but comprehensive insurance coverage.

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Includes tax-saving investments like ULIP, PPF, ELSS, EPF, life insurance premium, etc.

The maximum deduction limit is Rs. 1,50,000.

Provides deductions to individuals on the self contribution to National Pension Scheme (NPS) over and above section 80CCD(1) limit.

The maximum deduction limit is Rs. 50,000.

Maximum deduction allowed towards health insurance premium paid for self, spouse and dependent children - Below 60 yrs is Rs. 25,000 and above 60 yrs is Rs. 50,000

Maximum deduction allowed towards health insurance premium paid for parents - Below 60 yrs is Rs. 25,000 and above 60 yrs is Rs 50,000

Applies to interest on home loan.

The maximum deduction limit is Rs. 2,00,000.

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Total Tax to be paid

Income Tax

Cess @4%

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Total Tax to be paid

Income Tax

Cess @4%

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Benefits of Tata AIA Saral Jeevan Bima
  • Money bag - Claim tax deductions as per applicable tax laws with Term Insurance Policy - Features of Tata AIA Term Insurance Policy
    Simple and Affordable Pure Protection Plan

    Select your choice of sum assured to safeguard your family against all possible future financial risks due to unforeseen events.

  • Clock Icon
    Pay your Way

    Choose a policy term and premium paying term of your preference for as long as you want your family to receive life cover protection.

  • Boy with a cap
    Special Premium Rates

    As a woman policyholder, you can enjoy lower premium rates on your term plan, subject to the terms and conditions under the policy.

  • Flexible Death benefit payout in a term plan can be offered either as a lump sum, a regular income or a combination of both
    Tax Benefits

    Get tax benefits# on the policy premiums paid as well as the sum assured received by the nominee in case of any claim as per applicable income tax laws.

  • Money Bag Icon
    Optional Riders

    With optional riders^ you can increase the plan coverage to safeguard your loved ones from unforeseen events.

  • Money Bag Image
    Affordable Premium

    In case of term insurance plans, you can opt for higher cover amount at affordable premiums if you buy at a younger age.

Types of Life Insurance for you

View all plans View all Life Insurance Plans
Term Plans Savings Plans ULIPs Plans Retirement Plans Combo Solutions

Term Plans

A term insurance plan helps you secure the future of your loved ones and shields your family from uncertainties in life. With a term insurance plan, one can get a large life cover (Sum Assured) at a lower premium. In case of an unfortunate event such as the death of the life assured in your family, the nominee is paid the sum assured as pre-defined in the policy.

Get Life Cover

Provides Life Cover against uncertainties of Life

Tax Benefits~

Get Tax Benefits~ as per applicable tax laws

Savings Plans

Savings plans are insurance plans that combine the benefits of protection and savings. Savings plans allow you to save money over the policy term while simultaneously offering you the benefits of protection. This means you get to give your family the gift of Rakshakaran, in addition to saving the funds needed to meet your goals at each life stage.

Guaranteed^^ Returns

With a savings plan, you can get guaranteed^^ returns as a maturity benefit pay-out. This will help you accomplish your financial goals with the benefit of life insurance policy. ^^T&C apply

Rider Options4

You can increase the coverage of your policy by adding additional riders to get the complete policy coverage.

ULIPs Plans

ULIPs (Unit Linked Insurance Plans) are life insurance plans that offer the benefit of life cover along with market-linked returns5. You can accomplish your dream goal such as buying a house, saving for child’s education or early retirement. Basis your risk appetite, you can choose to invest in High, Medium, and Low-risk investment options and pay ULIP policy premiums easily.

Tax Benefits~

Get Tax benefitsas per applicable
tax laws

Flexibility to Choose Fund Option

Basis your risk appetite, you can choose
to invest in Equity, Debt, and balanced fund
options. Also, to maximize your returns from
ULIP policy, you can move your investment
between different funds.

Retirement Plans

Tata AIA Retirement plans are insurance plans that are tailor-made to give you financial independence during the golden years of your life. These policies help you secure your future, fulfil your family dreams and financial goals, and live a worry-free life after you have retired.

Peace of Mind

Live a worry-free life with investments that provide you a regular income. A well-diversified financial portfolio will give you higher returns during your retirement.

Guaranteed$ Lifelong Income

You may be at the peak of your professional life right now. But after a long and successful career, you will no doubt look forward to a comfortable post-retirement life with financial stability. Tata AIA retirement plans can help you realize this your financial ambition.$T&C apply

Combo Solutions

A combo plan is a unique life insurance solution that combines the benefit of a Unit Linked Insurance Plan and a savings plan to protect your life and grow your wealth.

Get Market Linked Returns5

Buy this life insurance policy online and get marked-linked returns5 with the benefit of the upside of investment
made through the unit-linked insurance plans.

Tax Benefits~

Get tax benefits~ as per applicable tax laws in your combo policy.

Types of Life Insurance for you

Term Plans

Term Plans

term insurance plan helps you secure the future of your loved ones and shields your family from uncertainties in life. With a term insurance plan, one can get a large life cover (Sum Assured) at a lower premium. In case of an unfortunate event such as the death of the life assured in your family, the nominee is paid the sum assured as pre-defined in the policy.

Get Life Cover

Provides Life Cover against uncertainties of Life

Tax Benefits~

Get Tax Benefits~ as per applicable tax laws

Savings Plans

Savings Plans

Savings plans are insurance plans that combine the benefits of protection and savings. Savings plans allow you to save money over the policy term while simultaneously offering you the benefits of protection. This means you get to give your family the gift of Rakshakaran, in addition to saving the funds needed to meet your goals at each life stage.

Guaranteed^^ Returns

With a savings plan, you can get guaranteed^^ returns as a maturity benefit pay-out. This will help you accomplish your financial goals with the benefit of life insurance policy. ^^T&C apply

Rider Options4

You can increase the coverage of your policy by adding additional riders to get the complete policy coverage. 

ULIPs Plans

ULIPs Plans

ULIPs (Unit Linked Insurance Plans) are life insurance plans that offer the benefit of life cover along with market-linked returns5. You can accomplish your dream goal such as buying a house, saving for child’s education or early retirement. Basis your risk appetite, you can choose to invest in High, Medium, and Low-risk investment options and pay ULIP policy premiums easily.

Tax Benefits~

Get Tax benefits~ as per applicable tax laws

Flexibility to Choose Fund Option

Basis your risk appetite, you can choose to invest in Equity, Debt, and balanced fund options. Also, to maximize your returns from ULIP policy, you can move your investment between different funds.

Retirement Plans

Retirement Plans

Tata AIA Retirement plans are insurance plans that are tailor-made to give you financial independence during the golden years of your life. These policies help you secure your future, fulfil your family dreams and financial goals, and live a worry-free life after you have retired.

Peace of Mind

Live a worry-free life with investments that provide you a regular income. A well-diversified financial portfolio will give you higher returns during your retirement.

Guaranteed$ Lifelong Income

You may be at the peak of your professional life right now. But after a long and successful career, you will no doubt look forward to a comfortable post-retirement life with financial stability. Tata AIA retirement plans can help you realize this your financial ambition.$T&C apply

Combo Solutions

Combo Solutions

A combo plan is a unique life insurance solution that combines the benefit of a Unit Linked Insurance Plan and a savings plan to protect your life and grow your wealth.

Get Market Linked Returns5.

Buy this life insurance policy online and get marked-linked returns5 with the benefit of the upside of investment made through the unit-linked insurance plans.

Tax Benefits~

Get tax benefits~ as per applicable tax laws in your combo policy.

  • Young Individuals - Boy and Girl Image

    Working Professionals

    At a young age when you just join the workforce, you can avail of lower premiums. Salaried individuals with life insurance can provide extensive financial coverage for their loved ones without letting expensive premiums affect their other expenses.
    Young Individuals - Boy and Girl Image

    Working Professionals

    At a young age when you just join the workforce, you can avail of lower premiums. Salaried individuals with life insurance can provide extensive financial coverage for their loved ones without letting expensive premiums affect their other expenses.
  • Parents - Mother Father and Child

    Newly-Weds

    Married couples tend to have greater financial responsibilities, such as loans for buying a new home, car, or household items. A life insurance policy with joint coverage covers both partners under a single plan for better management.
    Parents - Mother Father and Child

    Newly-Weds

    Married couples tend to have greater financial responsibilities, such as loans for buying a new home, car, or household items. A life insurance policy with joint coverage covers both partners under a single plan for better management.
  • Newly married couples

    Working Parents

    If either or both parents are earning, life insurance is important. This is essential since a family with a child/children means more financial responsibilities. Life insurance or a child plan can help the parents cover various financial risks.
    Newly married couples

    Working Parents

    If either or both parents are earning, life insurance is important. This is essential since a family with a child/children means more financial responsibilities. Life insurance or a child plan can help the parents cover various financial risks.
  • Working Woman - Woman With Mobile in Her Hand

    Homemakers

    Life insurance is important for stay-at-home moms and homemakers. In case of the death of the lady of the house, the life insurance coverage should be able to help the rest of the family sustain themselves and find help to manage the home.
    Working Woman - Woman With Mobile in Her Hand

    Homemakers

    Life insurance is important for stay-at-home moms and homemakers. In case of the death of the lady of the house, the life insurance coverage should be able to help the rest of the family sustain themselves and find help to manage the home.
  • Taxpayer - Avail of a term insurance tax benefit as per the applicable tax laws

    Retired Individuals

    During your retirement years, a life insurance plan can help replace your salary. Here, retirement insurance plans can offer regular income, which makes it easier for you to take care of yourself and your family.
    Taxpayer - Avail of a term insurance tax benefit as per the applicable tax laws

    Retired Individuals

    During your retirement years, a life insurance plan can help replace your salary. Here, retirement insurance plans can offer regular income, which makes it easier for you to take care of yourself and your family.
  • Self-employed individuals who run their own businesses - Who Should Buy a Term Insurance Plan?

    Business persons

    Starting a business venture can consume your savings. You may also need to take a loan. Life insurance can help you secure your business and your family’s needs so that any unpaid debts do not burden them in your absence.
    Self-employed individuals who run their own businesses - Who Should Buy a Term Insurance Plan?

    Business persons

    Starting a business venture can consume your savings. You may also need to take a loan. Life insurance can help you secure your business and your family’s needs so that any unpaid debts do not burden them in your absence.

  • 01

    The sum assured

    Choosing a high life insurance sum assured means higher policy premiums. However, this does not mean you should opt for inadequate life insurance coverage. Select a coverage amount to help you pay manageable premiums.
  • 02

    Your age

    Most people buy life insurance when they start working. By purchasing a policy at a young age, you can ensure affordable premium payments since you will likely be healthier during your youth. Buying life insurance at an older age means higher premiums.
  • 03

    Your gender

    Life insurance premiums vary as per your gender, as men and women tend to have different health risks at different stages of their lives. For instance, men are generally more prone to heart conditions than women.
  • 04

    Medical history

    Your medical history or any previous illnesses in your family can influence your premiums. If you still have any health conditions due to any past ailments, it is likely that you will be paying a higher premium than someone with no medical history.
  • 05

    Lifestyle habits

    People with healthy lifestyles tend to have healthier bodies and fewer ailments. This means their life insurance premiums are also lower. But if you have smoking or drinking habits, your life insurance provider will fix a higher premium rate for you.
  • 06

    Your occupation

    If you have a desk job involving no physical risk, this factor will be considered for your premium calculation. However, your premiums will be higher if you work in mining, construction, etc.
Why Choose Tata AIA Life Insurance?
  • Faster Claim Settlement

    Your claims are settled within 4 hours*

  • 400+ Branches

    Presence across major cities in India

  • The Tata AIA Assurance

    98.53% Claim Settlement Ratio in FY 2021 - 22**

  • 68 Lakh+

    Families protected so far~

  • Plan Eligibility of Tata AIA Saral Jeevan Bima

    Plan Parameters

    Minimum

    Maximum

    Entry Age  

    You must be at least 18 Years of Age

    The maximum entry age is 65 Years

    Maximum Age at Maturity  

    70 Years

    Policy Term (PT)

     

    Minimum: 5 years

    Maximum: 40 years, subject to the maximum maturity age given above

    Premium

    Payment Term

     

    Regular Pay: Equal to policy term

    Limited Pay: 5 or 10 years subject to premium paying term being less than policy term

    Single Pay: You can pay a single Lump Sum premium amount at policy inception.

    Basic Sum

    Assured (Cover Amount)

    The minimum cover that can be given under this plan is ₹5,00,000

    The maximum cover that can be given under this plan is ₹49,50,000.

    The limit may be subject to the Board-Approved Underwriting Policy (BAUP).

    Premium Payment Mode

    You can pay your premiums in Single / Annual / Half-yearly / Monthly (only with ECS/NACH) mode.


    All references to age as on last Birthday. The Basic Sum Assured shall be in multiples of INR 50,000

Documents Required

PAN card

Aadhar Card

Bank statement

(for the previous 6 months)

Salary Slip

Income Tax Receipt

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Voice Of Happy Customers | TATA AIA Life Insurance

Voice Of Happy Customers | TATA AIA Life Insurance Company
This email is to appreciate the support of Monomay & Subrata even though they were working from home during the locked down phase. I really appreciate the support and the effort of the team to take extra steps to resolve my issue. Keep up the great work.

Sohini Saha

Voice Of Happy Customers | TATA AIA Life Insurance Company
Dear Harshali and Tata AIA Team, Thanks a lot. Amount has been credited to my account. I shall remain thankful to Tata AIA for the support in the time when the whole country is suffering from COVID19.

Nishant Kumar

Frequently Asked Questions about Tata AIA Saral Jeevan Bima

General Cover Policy Claim
  • How is a pure term plan different from other life insurance plans?

    A term plan is unlike other life insurance plans because it only offers a pure life cover and no maturity or survival benefits, or other pay-out benefits. Term insurance plans are also quite well-known for their highly affordable premiums, even when the sum assured is high.

  • Why do I need a term insurance plan?

    A term insurance plan offers a simple but extensive life cover protection that ensures the future financial security of your dependents or beneficiaries. In case of your demise within the policy term, the predetermined sum assured is paid out to them so they can secure themselves financially.  

  • Are term insurance plans expensive?

    No, on the contrary, term insurance premiums can be quite affordable even if you opt for a high sum assured. If you opt for a term insurance plan at a younger age, the premium amount is affordable and does not change during the policy term except for taxes as per applicable tax laws.

  • When should I buy term insurance?

    It is always advisable to purchase a term plan in your 20s or as early as the minimum entry age so that you can benefit from low premiums. At a younger age, you have considerably lower health risks as compared to an older individual, which is why the premiums will also be low.

  • What is the maximum sum assured I can avail under this Tata AIA Life Insurance term plan?

    The maximum basic sum assured you could opt for under this policy is 49,50,000, which may be subject to review as per the company’s policies and guidelines.

  • Does the term policy offer any death benefit and maturity benefit?

    There is no maturity benefit under this term policy. The death benefit payable on the death of the policyholder is as follows:

    • In case of Regular Pay or Limited Pay, the highest of 10 times the annualised premium (total premiums paid in a year), the predetermined sum assured to be paid on death or 105% of the total premiums paid until the date of the death, will be payable.
    • In the case of Single Pay, the highest of 125% of the Single Premium or the predetermined sum assured to be paid on death will be payable.
  • How do the riders under this term insurance plan work?

    You can add rider^ options available under the term plan to your base policy. They can be attached to the policy at the start of the policy duration or on any of the policy anniversaries, provided the rider policy term and premium paying term do not exceed that of the base term plan. These riders will come at an additional but nominal premium cost.

     

  • Is it possible to cancel the term plan after the premium payment?

    In case you cancel the term plan, you can get 70% of the total premiums paid under the Limited Pay and Single Pay options, provided 2 successive years of premiums have been paid in full, and the policy is still valid at the time of cancellation.

  • What is the premium paying terms and modes under this policy?

    The policy offers the Regular Pay, Limited Pay, and Single Pay options under the premium payment mode, while the premium paying term will be as follows:

    • Regular Pay: Equal to the policy term.
    • Limited Pay: 5 or 10 years, as long as the premium paying term is shorter than the policy term.
    • Single Pay: Lump sum amount at policy inception
  • Does the Tata AIA Saral Jeevan Bima offer a loan facility?

    No, the Tata AIA Saral Jeevan Bima does not offer any loan facility under the policy.

  • How to file a claim under this term plan?

    To raise a claim, you can choose any of the following channels to reach out to us.

    • Email us at : customercare@tataaia.com

    • Call our helpline number - 1860-266-9966 (local charges apply)

    • Walk into any of the Tata AIA Life Insurance Company branch offices

    • Write directly to us at :

    The Claims Department,

    Tata AIA Life Insurance Company Limited

    B- Wing, 9th Floor,

    I-Think Techno Campus,

    Behind TCS, Pokhran Road No.2,

    Close to Eastern Express Highway,

    Thane (West) 400 607.

    IRDA Regn. No. 110

  • Can my nominee file a claim from outside India?

    Yes, if your nominee wants to file a claim from outside India, they can file the claim online on our official website and upload all the necessary documents there or send them to us via email.

    If they file an offline claim, they will have to courier the documents to their representative in India, who can visit any of our office branches and submit them to file the claim.

  • What are the documents needed for filing a claim?

    Please click here to know the list of documents needed for the claim intimation and settlement process. .

  • Disclaimer

    • The complete name of Tata AIA Saral Jeevan Bima is Tata AIA Life Insurance Saral Jeevan Bima - A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan (UIN: 110N157V01)
    • #Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
    • ^Riders are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/Intermediary/ branch.
    • Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V01 or any other later version) - A Non-Linked, Non- Participating Individual Health Rider, Tata AIA Vitality Protect (A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V01), Tata AIA Vitality Health (A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V01) are available under this plan
    • *Applicable to only non-early claims more than 3 years of policy duration up to Sum assured of 50 Lakh. Applicable for branch walk in. Time limit to submit claim to Tata AIA by 2 pm (working days). Subject to submission of complete documents, not applicable to ULIP policies
    • Vitality is a trademark licensed to Tata AIA Life by Amplify Health Assets PTE. Limited, a joint venture between Vitality Group International, INC. and AIA Company Limited. The assessment under the wellness program shall not be considered as a medical advice or a substitute to a consultation/treatment by a professional medical practitioner.
    • **Individual Life Claim Settlement Ratio is 98.53% for FY 2021 - 22 as per the latest annual audited figures.
    • ~68,75,083 families protected till October 2022
    • This product is underwritten by Tata AIA Life Insurance Company Ltd. This plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.
    • Insurance cover is available under this product. For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
    • In case of sub-standard lives, extra premiums will be charged as per our underwriting guidelines.
    • Buying a Life Insurance policy is a long-term commitment. An early termination of the policy usually involves high costs, and the Surrender Value payable may be less than the all the Premiums Paid.
    • L&C/Advt/2022/Oct/2663
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