• Annuity Plans

  We offer the convenience of purchasing an annuity plan so that you can choose a deferred annuity plan for the future benefits or an immediate annuity plan for immediate income benefits.

• Guaranteed Returns Retirement Plans

  With our guaranteed return plans, you can plan your retirement with ease and support it with assured returns from your retirement plan. Choose from flexible options to receive the returns as per your needs.

• Pension Plans

  Enjoy the benefit of a monthly regular pension for all your essential needs and financial obligations with our pension plans. You can enjoy your guaranteed pension benefits for your whole life after investing with a single pay option.

Types of Pension Plans in India

• Deferred Annuity

  Under a deferred annuity pension plan, the premiums you pay will contribute to your retirement corpus over the policy term. You can also pay this amount in a lump sum. Once the policy term is completed, you will start receiving the pension as per the payout mode under your policy. The amount invested in a deferred pension plan cannot be withdrawn before the policy term is over.

• Immediate Annuity

  The pension payout starts immediately under this type of retirement plan. Based on the amount of the lump sum you invest in the plan, you will start receiving your payouts. Some policies offer multiple annuity options, and in case you, the policyholder, meet with your untimely demise, the payout will be given to the nominee, as mentioned in your policy.

• With Cover and Without Cover Pension Plans

  Some pension plans do not have a life insurance component. However, all Tata AIA Life Insurance pension plans come with a life insurance cover to help you provide an additional layer of protection to your family. In this way, you can not only plan your retirement years with a financial corpus but also ensure your family’s complete security in case you are not around.

• Guaranteed Period Annuity

  Any retirement plan, depending on the one you choose, will offer guaranteed income for a fixed number of years, while some pension plans ensure guaranteed lifetime income. Aside from any guaranteed additions to the plan, the sum assured of the annuity is guaranteed to be paid out to you after retirement as per the payout mode of your choosing.

• Unit-Linked Insurance Plans

  A lot of investors can choose unit-linked insurance plans to create a retirement corpus, depending on their risk appetite. These unit-linked insurance plans come with a lock-in period and enable partial withdrawals thereafter, which can ensure regular income for the policyholder if they choose to continue investing in the corpus regularly.

• Savings Plans

  An important feature of some savings plans is guaranteed income, which makes them suitable for retirement planning. When the policyholder starts paying the savings plan premiums and continues to do so over the policy term, they accumulate wealth. This benefit is then paid out to them during the income period, for a fixed number of years and a payout mode of their choice.

• Life Insurance Coverage

  When you buy a pension plan from Tata AIA Life Insurance, you can avail of a life insurance cover along with the retirement savings. This not only helps you build a secure financial future but also protects the financial future of your family members.

• Regular Income

  If you buy a retirement pension plan from us, you can enjoy regular income under the retirement plan you choose. A regular income can help you take care of all your essential and daily expenses without having to touch your savings.

• Claim Settlement Ratio

  Tata AIA Life Insurance has a claim settlement ratio of 98.53% for the year FY 2021-22^$, which means your claims will be settled on time and effectively through a smooth process without any difficulties or hassles.

• Choice of Annuity

  We offer you the choice of having a deferred annuity plan or an immediate annuity plan, as per your convenience, so that you can invest in the pension plan as per your budget and receive your benefits as per your needs.

• Flexible Plan Options

  With our retirement pension plans, you can choose how you want to pay your premiums, increase your monthly income through a premium boost, add riders^~ to the plan to enhance the coverage and much more!

• The Tata AIA Assurance 

  We provide tailor made solutions to secure the golden years of your life. Our retirement plans can be customized to secure your future, fulfil your dreams, and to live a worry-free life after you have retired.

• Choose from different types of retirement plans

  You will first need to select a retirement plan that suits your needs. The investment amount, the mode of the payout benefit and any guaranteed additions are some of the factors you need to consider.

• Premium payment modes

  Start paying the premiums for the retirement plan of your choice that will contribute to the retirement corpus. To create a retirement fund, you can pay either regular premiums or a lump sum amount. Moreover, retirement plans also allow you to pay monthly, quarterly, half-yearly and annual premiums, whatever is more convenient for you.

• Returns from the retirement investment plan

  These premiums paid towards the retirement pension plan are then invested in low-risk and fixed-income securities, the returns of which are paid out to the policyholder on retirement along with the guaranteed income. While these premiums are eligible for tax deductions# of up to ₹1.5 lakhs under Section 80C of the Income Tax Act, the withdrawals or the payouts do not qualify for tax benefits.

• Liquidity in Retirement plans

  At the end of the policy term, you can opt for withdrawing the pension plan benefit or purchasing an annuity plan. Some annuity plans also offer a return on the purchase price. This means the benefits of your pension plan will also include the purchase price which was paid for the annuity plan.

How to Choose a Retirement Plan?

• Deferred or Immediate Annuity

  If you opt for an immediate annuity plan, you start receiving the pension benefits soon after paying a lump sum investment for the plan. A deferred annuity plan allows accumulation and growth of your corpus for a certain duration after which you start receiving payouts for a fixed term.

• Check the Investment Amount

  Most retirement plans have a minimum sum assured limit, while the maximum amount is flexible and depends on your needs and budget. Considering your requirement, look for a plan with an investment amount that will suffice for all your financial goals and obligations once you start receiving the benefits.

• Consider Returns

  Buy a retirement plan that will be able to combat the future inflation rate so that you can accumulate enough funds for retirement. Look for any guaranteed additions on the plan along with other returns, such as the return of the annuity plan’s purchase price. Know how they contribute to your retirement corpus.

• Loan Facility

  If you choose a Tata AIA deferred annuity plan, you can be eligible for a loan on the policy six months into the plan. However, an immediate annuity does not offer this facility. In case you take a loan under the Joint Life policy, the secondary annuitant can avail of the loan taken by the primary annuitant in case of the primary annuitant’s death.

• Term Insurance Plans

  Tata AIA term plans can help you secure the future of your loved ones through a protective life cover and protect them from the impact of uncertain events such as medical emergencies, loss of income and more.

• Savings Solutions

  Tata AIA savings plans enable you to build systematic long-term savings that offer guaranteed returns on maturity to fulfil your financial goals and a life cover to protect your dear ones.

• Wealth Solutions

  Tata AIA Unit-Linked Insurance Plans help you achieve your goals by creating and growing your wealth through investments, enabling you to enjoy the benefits of market-linked returns along with a secure life cover.