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Tata AIA Life Insurance
Retirement Plans


Secure your golden years with Tata AIA Life Insurance Retirement Solutions!

Popular Tata AIA Life Insurance Retirement Plans

Tata AIA Life Insurance
Smart Annuity Plan

Start saving today to live a
worry-free retirement life.

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New

Tata AIA Life Insurance
Fortune Guarantee
Pension Plan

Plan your retirement early and get guaranteed* regular income to secure your golden years.

Know More
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Your retirement years are a new phase of your life when you can give up on a hectic professional lifestyle and enjoy your time with your family and your hobbies. There are a lot of new interests and passions that you can learn and discover during this time.

But to ensure that the absence of a regular income does not disrupt your daily life, you need a financial support system. Tata AIA Life Insurance brings you a range of retirement plans that you can choose from to enjoy these golden years of your life without worrying about the finances while you safeguard your loved ones with a protective life insurance cover!


What is a Retirement/Pension Plan?
 

Retirement plans or pension plans, as they are also called, are retirement investment plans that help you create a financial fund for your retirement years. The aim of a pension/retirement plan is to provide you with the stability of a regular income in place of your monthly salary when you retire and need to support your family and your goals.

These plans are designed to ensure that your funds are not impacted heavily by the rising inflation rate, which may render your finances inadequate in the future. Under a retirement plan, you should contribute a certain amount of money regularly over the years and on retirement, you receive the returns as a monthly or regular income.

Table of Content

Retire Like a Boss 


Watch the video given here to know more about our retirement plans and how you can choose one that perfectly suits your needs.

Types of Retirement Plans

Tata AIA Life Insurance offers the following retirement plans:

  • 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.

Popular Tata AIA Life Insurance
Retirement Plans

Tata AIA Life Insurance
Smart Annuity Plan (UIN: 110N150V05)

 

Key benefits:

  •  

    Get Guaranteed1 Lifetime Income

     

  •  

    Avail 2% Extra Annuity2 and Guaranteed Income1 when bought online

     

  • Flexibility to choose the Annuity Payouts mode
Calculate Premium Know More

New

Tata AIA Life Insurance

Fortune Guarantee
Pension Plan (UIN:110N161V02)

Key benefits:

  • Multiple Annuity Option feature to get second income, child education security and dream vacation

  • Get loan against the policy

  •  

    Get tax benefits# as per applicable tax laws

     
Calculate Premium Know More

Why Buy a Retirement Pension Plan from Tata AIA Life Insurance?
 

Here are a few reasons why you should select a retirement plan from Tata AIA Life Insurance:

  • 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 it along with 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 98.02% for the year FY 2020-21$, 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.

How Do Pension Plans Work?

The aim of investing in a pension plan or a retirement plan is to ensure that you can receive a steady, guaranteed income during your retirement years to fulfil your financial needs. This fund also acts as a safety net in case of emergencies which can cut deeply into your savings. Here is a brief outline of how pension plans work in India.

  • 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. You can pay either regular premiums or a lump sum amount to create the retirement fund. 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 entire 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.

Features of Retirement Pension Plans

  • Steady Flow of Income

    When you invest in a retirement plan as per your needs, you receive a regular income as per the plan of your choice. In the case of a deferred plan, you begin receiving the fixed regular income post-retirement while in an immediate annuity, this benefit is paid out soon after you start the investment. A retirement calculator can be a useful tool to help you calculate this amount.

  • Vesting Age

    The vesting age is the term used to denote the time from when the policyholder starts receiving their monthly pension from the pension plan. The minimum vesting age in India is 40 to 50 years, while the average vesting age is 70 years. As a policyholder of a pension plan, you can choose any appropriate vesting age between the minimum age and higher limit to start getting the benefits.

  • Accumulation Period

    Under a retirement pension plan, you can pay monthly premiums or as a lump sum. This corpus grows over the years and turns into a healthy fund to be utilised for your retirement. Depending on the pension plan of your choice, you can choose for how many years you want to keep on investing and the amount to be invested to receive a certain total amount as the retirement benefit.

  • Payout Period

    The time during which you get the benefits of your pension plan is known as the payment or payout period. In case you choose to have the benefits between the age of 65-80 years, then the payout period will be 15 years. In some pension plans, you can choose the payout/income period as per the options under the plan, while some plans allow for partial withdrawals during the accumulation period.

How to Use a Retirement Planning Calculator?

To use the Tata AIA Life Insurance retirement planning calculator, you need to follow the steps given below:

  • 01.

    Visit the official Tata AIA Life Insurance website and Select “Calculators”.

  • 02.

    Go to the “Retirement Calculator” page and fill in your details correctly.

  • 03.

    Submit the details to proceed with the next steps.

  • 04.

    You can then select your current age, the expected retirement age, your monthly expenses, expected return on investment and other factors.

  • 05.

    After submitting these details, you will be able to know how much funds you need for your retirement savings.

Calculate Your Retirement Premium 

Plan your retirement fund and find out how you can secure the financial needs of your loved ones!

Benefits of Pension Plans

Guaranteed Returns Benefit

Guaranteed Returns Benefit

Under your pension plan, rest assured that you will begin receiving the income benefits of the retirement plan from the vesting age as mentioned in the policy document. You need not be worried about the delay in getting the benefits.

Financial Security

Financial Security

In case of your untimely demise, the benefits of your pension plan will be paid out to your nominee as mentioned in the policy. In case it is a Joint Life annuity plan, the second annuitant gets the benefits on the death of the first annuitant.

Flexible Premium Payment Terms

Flexible Premium Payment Terms

You can pay the policy premiums as per the available premium payment terms and modes under different types of retirement plans. You can choose to pay them monthly, quarterly, half-yearly, annually or as a Single Pay.

Customize your Retirement Plan

Customize your Retirement Plan

Though your retirement plan should be able to suffice for all kinds of emergencies, you can still enhance your policy coverage with optional ~rider benefits, as per the terms and conditions of your policy.

Creation of a Stream of Regular Income

Creation of a Stream of Regular Income

When you stop receiving a regular salary income on retirement, a pension plan can help you with a regular income that is paid out each month over the years for a certain period to help you maintain a steady flow of finances.

Get Tax Benefits 

Get Tax Benefits 

When you purchase a retirement plan, you can get income tax# benefits as per applicable tax laws.

Factors to Consider While Buying Pension Scheme

  • Monthly expenses post-retirement

    Consider all your essential monthly expenses that will need to be taken care of in the future. once you do not have your monthly salary. The regular income benefits of your retirement plan should be enough to cover these expenses for years.

  • Inflation-beating returns

    Years later, the inflation rate will lead to an increase in the prices of commodities. The funds that suffice today will be inadequate when you retire. Therefore, carefully plan your retirement fund accordingly.

  • Cover medical emergencies

    Though a retirement plan may be enough for your regular expenses, it is better to be prepared for some emergencies too. In old age, sickness can be an issue, and so, your retirement fund should be able to protect these medical expenses.

  • Assets and Income Sources

    If you have certain assets or income sources, such as a home on rent, then this becomes an extra income. However, there are also additional costs such as property maintenance, etc. Consider this when you buy a pension plan.

  • Research your Options

    All pension plans are not the same and when you buy a retirement plan, understand how it suits your needs and for how long you need to financially secure your family. The total guaranteed income offered on the plan is a crucial point to note down.

  • Plan Ahead of Retirement

    Your retirement planning should start years before you retire so that you are able to accumulate enough finances for a secure retired life. Keep a gap of about 10-20 years between your earning and retirement stages to plan properly.

  • Consider Your Debts

    When you buy a pension plan, be sure to time it with your loan repayments so that you do not have to repay any of your debts with your annuity income. Repay all your outstanding loans well before retirement to avoid any extra expenses.

What are the Steps to Buy a Retirement Plan?

It is easy to buy a retirement plan if you are aware of a few basic steps as mentioned below:

  • Set a budget

    This is the most crucial step in picking a retirement plan. You can set a budget for your retirement plan once you have analysed the various post-retirement needs and expenses, your family’s requirements and other emergency expenses. After this, you can buy a retirement plan that allows you to invest the amount and receive the benefits at your convenience.

  • Evaluate your current finances

    Your current income and financial conditions should be considered since you should be able to invest in the retirement plan without the investment or the premiums disrupting your current financial obligations. Choose your retirement corpus such that you do not end up with inadequate finances in the future which cannot fulfil your goals or your family’s needs.

  •  Identify your income sources

    If you have additional income from other sources such a business or property, you will still need a pension plan for your regular expenses. However, it is important to know that the other income sources attract taxes while your retirement plan premiums will be eligible for tax benefits# under Section 80C of the Income Tax Act.

  • Deferred or Immediate Annuity?

    If you need your retirement savings  soon, then an immediate annuity plan can be a good choice. However, if you are planning in advance, you can opt for a deferred annuity plan where you can pay the premiums over the policy term and then receive the benefits during the vesting period.

What is Retirement Planning?
 

When you retire, you are still under the obligation to fulfil certain long-term and short-term goals for yourself and your family. Retirement planning is when you identify the means for fulfilling these goals by analysing your financial objectives, your income sources, your future expenses and the need for emergency funds.

Retirement planning should start at a reasonably early age when your finances are stable. That way, you can invest in the retirement plan over the years without having to worry about disrupting your essential expenditures. At the end of the plan’s term, you receive the benefit of a steady and regular income as a means of financial support.

For example, if Mr Nitin chooses a retirement plan at the age of 40 years and invests in it for the next 20 years, he can plan his retirement at the age of 60 years and receive a regular income during his retirement as per his needs, for as long as he needs it.

Retirement planning can be as flexible as you want it to be since your needs will be unique, and you can decide how much you want to invest and for how many years you need the benefits to be paid out.

How Much Do I Need to Save for Retirement?

When you need to save for your retirement, you should keep in mind a tentative figure that will account for all essential and emergency expenses for yourself and each of your family members. While this will give you a basic idea of the total amount to be accumulated, here are some points that will give you a better understanding.

  • Evaluate all expenses

    When you retire, some expenses will cease, while there may be some new ones. Your daily commute to work will stop, saving you some money; however, a minor health condition may be an added expense. Listing down all of these missing and added expenses can help you know the approximate amount needed for your retirement savings.

  • Income from all sources

    Along with a pension plan, if you have other funds like an EPF (Employee Provident Fund) that can provide you with some income, take those into consideration. However, since your pension plan will look after a majority of your basic and emergency expenses, this additional income is meant to help you plan your retirement plan corpus.

  • Think about the lifestyle

    Just because you retire does not mean that you and your family have to downgrade your living standards. Your retirement plan should be able to provide you with the same comfortable lifestyle that you enjoyed on a regular salary. Therefore, invest in your retirement plan such that you’re able to provide a comfortable life to your loved ones and yourself.

  • Consider the future value of your income.

    Your current salary may be enough for your family, but years later, when you retire, the value of your current salary will not be the same. The inflation rate will help you calculate how much income you need to have, over and above your current income, to handle all your post-retirement expenses, any additional costs as well as any financial emergencies.

Who Should Invest in a Retirement Plan or Pension Plan?
 

When you retire, financial security becomes the need of the hour. However, retirement planning is not a last-minute thought but a long and well-planned process. And everyone who needs to sustain themselves financially will need a retirement plan. Hence, here is a brief outline of who should invest in a retirement plan:

People who want to secure their and their family’s financial future.

Those who want their partner to lead a financially comfortable life in their absence.

Those who have planned some major and important expenses for the future.

People who want to be prepared for medical emergencies in their retirement years.

People who want to maintain their current standard of living even after retirement.

Those who want to enjoy the support of a steady flow income even without a salary.

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 needs you to pay the premiums until the completion of 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 Life Insurance 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.

Why Purchase Retirement Plans Online?

Here are some of the important benefits of purchasing a retirement plan online:

  • Compare Plans

    When you buy a retirement plan online, you can easily compare the plans alongside and look through the features, benefits and exclusions of all the plans before you choose a suitable one and purchase it.

  • Save Time and Money

    The online purchasing process is quick and easy, which means you can get your policy in a matter of minutes. And since there are no overhead costs of an online purchase, you can benefit from discounts when you buy the policy online.

  • Security of Policy Document

    Since the policy document is online, there is no chance of you misplacing the policy like you can lose the hard copy. If you do happen to lose the hard copy, you can easily access the online soft copy or even save it on your device.

  • 24x7 Customer Support

    Your insurance provider’s customer service can offer you 24/7 support for your feedback and queries when you buy online. You can reach out to them or leave them a query, and they can resolve it in a few minutes for a swifter process.

  • Minimum Paperwork

    Buying online means that you do not need to use any papers for your policy document. This not only saves you from a lot of physical clutter but ensures a green and environment-friendly process for everyone.

  • Transparency

    Before you buy a policy online, the necessary research such as knowing your insurance provider’s claim settlement ratio, reading their reviews and knowing their products can be done quickly and easily online.

Other Types of Insurance Plans from Tata AIA Life Insurance 

  • Term Insurance Plans

    Tata AIA Life Insurance 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 Life Insurance 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 Life Insurance 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. 

Frequently Asked Questions (FAQs)

Generic Coverage Premiums Claim
What is the need for a retirement plan?

A retirement plan helps you secure yourself and your family financially during your retirement years when you do not have the support of your monthly regular salary. The pension plan will pay out a guaranteed regular income so that you can meet your financial needs through a steady source of income.

What are the different types of retirement plans?

You can opt for a government pension plan such as the National Pension Scheme. However, if you want to ensure complete financial protection, you can go for Tata AIA Life Insurance retirement plans which also offer life insurance coverage along with a retirement investment plan.

Can I go for a savings or investment plan as a retirement plan?

Yes, a savings plan can also function as a retirement plan. The aim of a retirement investment plan or pension plan is to ensure that you are able to receive a steady source of income during your retirement years as a monthly income to sustain yourself and your family.

Can I choose to get a retirement plan in my 20s?

Most people do plan their retirement quite early, and it is alright to get a retirement plan early in life. However, every policy has a minimum age limit which is well above 20 years, and there is also a vesting age. You will be able to receive the regular income benefits only as per the vesting age mentioned in the policy or as chosen by you.

Can I stop my retirement plan any time I want?

There is an option to surrender your retirement plan, where you can get the surrender value of the plan only if you have been investing in it for a specified period under the policy. However, it is recommended that you do not surrender your retirement plan as it can help you keep yourself and your family financially secure in the absence of a regular salary income.

What are the Documents Required to Buy a Pension Plan in India

When you buy a pension plan in India, these are the following documents you will need to have:
 

Proof of Age
 

⦁ Birth Certificate

⦁ Passport

⦁ Driving License

⦁ Voter ID Card

⦁ High School Certificate
 

Proof of Address
 

⦁ Aadhar Card

⦁ Ration Card

⦁ Electricity Bill

⦁ Passport

⦁ Driving License

⦁ Telephone Bill
 

Proof of Identity
 

⦁ Aadhar Card

⦁ Passport

⦁ Driving License

⦁ PAN Card

⦁ Voter ID
 

Proof of Income
 

⦁ Bank Statements

⦁ Salary Slips

⦁ Income Tax Returns

How much money do I need to retire?

The amount of money you need during your retirement will depend on your needs, your family’s needs, all major and minor expenses, and you will also have to consider any medical emergencies. When you calculate your retirement savings, be sure to factor in the inflation rate as well.

Do retirement savings plans have tax# benefits?

Yes, the premiums you pay towards your retirement savings plan are eligible for tax deductions under Section 80C of the Income Tax Act. However, the payouts you receive do not carry tax benefits.

Can I increase the coverage of my retirement plan?

Yes, you can opt for the Large Premium Boost on your Tata AIA Life Insurance retirement plan if you choose to pay higher premiums for more monthly income.

Does a retirement plan also offer life insurance coverage?

Yes, all retirement plans by Tata AIA Life Insurance offer life insurance coverage so that along with securing your retirement years, you can also safeguard your family’s future.

What are the payout options if I buy a retirement plan?

Once you buy a retirement pension plan, you can either pay the premiums throughout the policy term of the plan in case of a deferred annuity or opt for a lump sum payment in the case of an immediate annuity.

What are the minimum and maximum premiums I can pay for these plans?

Depending on how much funds you need during your retirement years, you can choose the minimum premium specified under a chosen policy or go for a higher limit that is usually flexible.

Is there a return of purchase price on a pension plan?

Yes, some Tata AIA Life Insurance retirement plans offer a return of the purchase price if you pay the premium through the Single Pay mode.

What are the various premium payment modes under retirement pension plans?

Under a retirement pension plan, you can pay your premiums on a monthly, quarterly, half-yearly or annual basis. Or you can also opt for a single premium payment for the savings plan.

For how long do I need to pay my premiums for my retirement plan?

You need to pay the premiums for your retirement pension plan as per the premium payment term chosen by you. Or you can opt for a Single Pay plan and invest a lump sum in your retirement plan. Once the premium payment term is over, you start receiving the guaranteed monthly income from the policy during your retirement.

How can my nominee file an online claim on a retirement plan?

As a nominee, you can file a claim after the policyholder’s death and contact us through any of the given channels:
 

⦁ 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

What are the documents needed to file a claim?

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

Can I file a death claim under a retirement pension plan?

Yes, in the event of the policyholder’s death, the nominee can file a death claim under a retirement pension plan. Once the claim has been settled, the nominee will receive the benefits of the pension plan. In the case of a Joint Life policy, one annuitant gets the benefits in case of the other annuitant’s death.

How many days does it take for a claim to be settled?

Typically, it takes 30 days to settle a claim effectively, as per the regulatory TAT (turn-around time). However, in case there is any further investigation required into the claim, the process will take up to 90 days, as per the regulatory TAT. 

How can a retirement savings plan claim be processed if the nominee is not in India?

If you want to file a claim as the nominee from outside India, please upload the attested copies of your documents online or send them to us by email. To file the claim offline, you may send the documents to your representative in India and they can visit us at any of our offices to file the claim.

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Disclaimer

  • *The word Guaranteed and Guarantee means the annuity payout is fixed at inception of the policy and will be payable for whole of life or till death of the Annuitant(s).

  • $Individual Life Claim Settlement Ratio is 98.02% for FY 2020 - 21 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 implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you

  • ~Rider is not mandatory and is 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/ branch.

  • 2Allowed only where the product is bought through Tata AIA Life Insurance company website without any intermediary being involved and as per preference of the prospect

  • For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

  • Insurance cover is available under the products.

  • Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document issued by the insurance company.

  • Risk cover commences along with policy commencement for all lives, including minor lives.

  • 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.

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

  • L&C/Advt/2022/Mar/0520

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