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Tata AIA
Employee Benefit Traditional Plan

An annually renewable non-linked, non-participating group savings plan (UIN: 110N170V02)

 Get Assured returns on your policyholder account value.

 Manage your accounts at the Master Policyholder Level or Member Level.


Your employees are your greatest assets, so it's time to give them something extra Presenting, The Tata AIA Employee Benefit Traditional plan which offers a one-stop solution to help employers establish and oversee funds and allows them to effectively address employee benefit obligations.

Key Benefits
 

  • Life Cover: Get comprehensive life cover for all enrolled members to secure their family’s financial future.
  • Separate Funds for Employee Benefits: Employers can create dedicated funds for Gratuity, Superannuation, Leave Encashment, and other long-term employee benefits.
  • Benefits Payable: Benefits are payable to employees upon retirement, resignation, termination, or any other exit as per scheme rules.
  • Tax Benefits for Employers: This plan allows employers income tax^ benefits as per prevailing tax laws
  • Assured Returns: A minimum annual interest rate of 1% is guaranteed on your policyholder account throughout the policy term.
  • Easy Policy Management: Get flexibility to manage accounts seamlessly at both the master policyholder and member levels for ultimate flexibility.
  • Employee Exit Benefits: Employees receive benefits due to any circumstance/ condition upon leaving the organization, in line with the scheme rules.

Why Choose Tata AIA Life Insurance?

  • ₹4,00,000+ Crores

    Among the highest retail sum assured~

  • 77 Lakh+

     

    Families protected so far*

  • ₹1 Lakh Crore+

     

    Assets Under Management (AUM)$

  • 99.13%

    Individual Death Claim Settlement Ratio for FY23-24#

Need Additional Information?
 

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Frequently Asked Questions

What is the guaranteed interest rate on the policyholder account?

The plan guarantees a minimum annual interest rate of 1% on the value of the policyholder account for the duration of the policy.

Can employers receive tax benefits under this plan?

Yes, the plan offers income tax^ benefits to employers in line with the applicable tax laws.

Can individuals purchase group insurance plans?

Unfortunately, they cannot. Group plans are only meant for specific groups, e.g., employer-employee or non-employer-employee affinity groups, as they usually have minimum group size and other eligibility criteria that must be met to be purchased. If you are looking for life insurance plans that offer individual coverage, feel free to explore our retail plans available at Tata AIA Life Insurance.

 Disclaimers

  • Tata AIA Employee Benefit Traditional Plan - An annually renewable non-linked, non-participating group savings plan (UIN: 110N170V02)

  • ~Retail Sum Assured for FY2023 is Rs 4,43,479 Crores

  • *77,26,727 families protected till December ’23.

  • $As on 03rd April 2024, the company has a total Assets Under Management (AUM) of Rs.100,099.11 Crores

  • #Individual Death Claim Settlement Ratio is 99.13% for FY 2023-24 as per the latest annual audited figures.

  • ^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 implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.

  • 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. 

  • In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines. 

  • All Premiums, Charges, and interest payable under the policy are exclusive of applicable taxes, duties, surcharge, cesses or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium, charges or interest. Tata AIA Life shall have the right to claim, deduct, adjust and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. 

  • For more details on risk factors, benefit exclusions, terms and conditions, please read the sales brochure carefully before concluding a sale.
  • L&C/Advt/2024/Oct/2981

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