Tata AIA Life InsuranceGuaranteed Return Insurance Plan

The Tata AIA Life Insurance Guaranteed Returns Insurance Plan offers the following three variants:

• Regular Income

• Endowment Option

• Whole Life Income Benefit

You can avail of a tax deduction under Section 80C up to an amount of ₹1.5 Lakh and tax exemption under Section 10(10D) of the Income Tax Act, 1961.

If the policyholder passes away after the policy term under the Tata AIA Life Insurance Guaranteed Returns Insurance Plan, the total premiums paid will be paid out in the case of Single Life policies and the policy will be terminated with no further benefits. In the case of Joint Life^~ policies, the total premiums will be paid out only on the second death and the policy will be terminated with no further benefits.

Yes, Tata AIA Life Insurance Guaranteed Returns Insurance Plan does have a loan facility. Once the policy acquires a surrender value, you may apply for a policy loan for an amount that does not exceed 80% of the surrender value. The policy assignee will be Tata AIA Life Insurance.

When you purchase the Tata AIA Life Insurance Guaranteed Returns Insurance Plan, the minimum premium amount to be paid is ₹24,000 per annum.

You can choose from the following premium payment frequencies

• Annual

• Half-yearly

• Quarterly

• Monthly

• Single

Apart from the base policy premiums, you will have to pay additional premiums only if you opt for one or more rider benefit/benefits to enhance the policy coverage.

You can add one or more of the four riders^{^} available under the policy either when you first purchase the policy or during any of the policy anniversaries.

Yes, with the Whole Life Income variant of the Tata AIA Life Insurance Guaranteed Returns Insurance Plan, you can choose a Joint Life^~ Policy and get coverage for your spouse under the same plan.

These are the following riders^{^} you can add to your Tata AIA Life Insurance Guaranteed Returns Insurance Plan:

• Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider (UIN: 110B028V03)

• Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider (UIN: 110B029V02)

• Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V02 or any other later version)

• Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN: 110B031V02 or any other later version)

If you opt for the regular income plan option, the Guaranteed Annual Income is paid out from the end of the year following the policy maturity for an Income Period based on the policy term. And if you choose the Whole Life Income option, the payouts will commence from the end of the year following the policy maturity and will be payable until the death of the insured (Single Life) or until the second death (Joint Life^~).

While there is no waiver of premium benefit along with the Tata AIA Life Insurance Guaranteed Return Insurance Plan, you can opt for the Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider which will waive off all future policy premiums in case the policyholder suffers total and permanent disability or passes away during the policy term. The policy will continue to provide coverage to their family even without the premium payments.

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

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

If the nominee is outside of India and wants to file a claim here, then they can file the claim online by uploading the attested copies of the documents through email or online on our website. If the nominee wishes to file the claim offline, then they can courier their documents to their representative in India, who can visit our office and initiate the process.

No, the claim can be filed at any Tata AIA Life Insurance branch, as per your/the nominee’s convenience. You can locate our office branches and visit the one nearest to you for the claim initiation.