What is a comprehensive life insurance plan?

A comprehensive life insurance plan combines multiple benefits from different types of policies under a single plan. For instance, your comprehensive life insurance plan can have a savings component and a life cover while offering market-linked returns^. Moreover, your investment can be secured with the savings plan so that you can receive some guaranteed* returns on maturity.

Why should you buy a comprehensive life insurance policy?

A comprehensive life insurance policy can provide multiple benefits to the policyholder. Some of the advantages of such a plan are: Financial protection, Convenience, Savings, and Investment. The life cover component provides financial protection to your loved ones in case of your unexpected death. The policy allows you to save regularly through premium payments, helping you build a corpus over time. Additionally, the investment component allows you to invest in a variety of funds to grow your wealth and achieve your financial goals.

When should I buy a life insurance plan for savings and investment?

The right time to buy a savings and investment life insurance plan is when you need to build a wealth creation plan for the future. Apart from investing in a policy that offers market-linked returns, you should also be able to secure your investment with guaranteed* savings. A comprehensive policy that combines savings and investment can be suitable for this purpose. Furthermore, the life cover under the policy will ensure your family’s future financial security in the event of any unfortunate event.

Which life insurance plans form the Capital Guarantee Solution?

The following plans are included under the Capital Guarantee Solution: Tata AIA Life Insurance Smart Income Plus (Non-Linked, Non-Participating, Individual Life Insurance Savings Plan) and Tata AIA Life Insurance Fortune Pro (Non-Participating, Unit Linked Individual Life Insurance Savings Plan). Alternatively, this plan can be replaced with the Tata AIA Life Insurance Wealth Pro (Non-Participating, Unit Linked, Individual Life Insurance Savings Plan).

What is the policy term and the premium paying term of this policy?

The premium paying term of this policy is 7 years (Limited Pay) for a policy term of 15 years or 10 years (Limited Pay) for a policy term of 21 years.

Does the Capital Guarantee Solution offer an increasing life cover?

Yes, the policy offers an increasing life cover from the entry age of your choice until the end of the policy term. In the event of the death of the life assured during the policy term, your beneficiaries will receive the death benefit as a lump sum.

What is the percentage of guaranteed* maturity payout I can choose on this policy?

You can choose the following percentage of guaranteed maturity payout based on your risk appetite: 80% of Total Premiums Paid (excluding taxes), 90% of Total Premiums Paid (excluding taxes), 100% of Total Premiums Paid (excluding taxes). *T&C apply.

Does the policy enable partial withdrawals from the invested amount?

Yes, after a lock-in period of 5 years under this policy, partial withdrawals% are allowed on the investment. However, no withdrawals, partial or complete, will be enabled during the 5-year lock-in term.

How to file a claim with Tata AIA Life Insurance?

Select any of the below options to file a claim: Email us at: customercare@tataaia.com, Call our helpline number - 1860-266-9966 (local charges apply), Walk into any of the TALIC 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.

What are the documents required for a claim settlement?

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

When can one file a claim under this policy?

You can file a claim under this policy in the following two scenarios: In case of the death of the insured, the claim can be filed by the nominee and the death benefit will be paid out. If the insured outlives the policy term, they can file a claim and the maturity benefit, which includes the investment returns as well as some guaranteed returns, will be paid out.