Tata AIA Life Insurance
Guaranteed Monthly Income Plan 

Non Linked, Non Participating Individual Life Insurance Savings Plan

You may be in the thick of your professional life right now. But after a long and successful career, you will no doubt look forward to a comfortable post-retirement life, when you can do everything that you’ve always wanted to. And the secret to achieving that dream is to plan ahead for your golden years. Our retirement plans can help you realize this ambition.

With the Tata AIA Life Insurance Guaranteed Monthly Income Plan, you can not only take care of your family’s needs at every stage of life, but you can also fall back on a stream of guaranteed income to meet your future requirements. Choose this retirement plan to fulfil your dreams, and your family’s aspirations.

Key
Benefits

Guaranteed income

Guaranteed monthly income up to 288 months for your income needs

Insurance coverage

Life insurance coverage to secure the future of your loved ones

Increased monthly income

Large Premium Boost on monthly income on payment of higher premiums 

Add-on riders

Enhanced protection through optional riders

Highlights of Tata AIA Life Insurance Guaranteed Monthly Income Plan 

The plan offers monthly income at 8.35% to 13.03% per annum of total premiums paid
This plan also offers a life cover to help protect your loved ones
The large premium boost feature lets you increase your monthly income
You have the flexibility to plan your future goals with guaranteed returns
You can choose any of the additional riders to increase the protection offered
You can choose to pay your premiums annually, half yearly, quarterly or monthly
You have the option to avail a loan against your policy
You can avail tax benefits as per the applicable tax laws

Add Retirement Plan Riders

Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider  

This rider protects your family by paying them a lump sum amount in case of an accidental death
The benefits are doubled in case of certain accidental deaths or dismemberments (details in the brochure)
Know More

Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider 

In case of death or total and permanent disability of the life insured, this rider allows all future premiums to be waived off
This benefit is valid if the death or disability occurs before the life insured attains 70 years of age or before the end of the premium payment term, whichever occurs earlier
Know More
Check eligibility Documents required

Age at entry

 Minimum age at entry   For a policy term of 5 years: 13
 For a policy term of 8 years: 10
 For a policy term of 12 years: 6  
 Maximum age at entry   For a policy term of 5 years: 60
 For a policy term of 8 years: 60
 For a policy term of 12 years:55

Policy term

 Policy Term   5 years
 8 years
 12 years

Premium payment term

 Available premium payment term options   5 years
 8 years
 12 years

Premium payment mode

 Premium payment frequency options 

 Annual
 Half-yearly 
 Quarterly
 Monthly

Age at maturity

 Maximum age at maturity 

 For a policy term of 5 years: 65
 For a policy term of 8 years: 68
 For a policy term of 12 years: 67

Sum assured

 

Basic sum assured   11 times the Annualised Premium
PAN card
Aadhaar card
Bank statement (for the previous 6 months)
Salary slip
Income tax receipt

Frequently Asked Questions

How long does the monthly income benefit offered by the Guaranteed Monthly Income Plan last?

Under the Guaranteed Monthly Income Plan from Tata AIA Life Insurance, you have the flexibility to plan your monthly income for 10, 16 or 24 years.

What is the premium payment frequency for this retirement plan?

You can choose from the following  premium payment frequencies.

  • Annual 
  • Half-yearly
  • Quarterly
  • Monthly 
How can I raise a claim under this retirement plan?

You can choose any of the following channels to reach out to us and raise a claim.

  • Email us at claims@tataaia.com
  • Call our helpline number at 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 documents would I require to buy this insurance policy?

You will have to submit the following mandatory documents to buy an insurance policy.To buy an insurance policy, you need to submit the following mandatory documents.

Proof of address:

The following documents are accepted as valid proof of your address.

  • Bank Statement (or passbook) with the latest entries for six months 
  • Aadhaar card
  • Passport
  • Voter's ID
  • Driving license
  • Electricity/telephone bill
  • Ration card

Proof of identity:

Some of the documents that are accepted as valid proof of your identity include:

  • PAN card
  • Aadhaar card
  • Passport
  • Driving license

Documents showing proof of income:

These documents, which are required only for a few plans, include:

  • Salary slips of the previous 3 months
  • Income tax returns/Employer certificate
  • Bank statement of the previous 6 months
  • Latest Form 16
What are riders? Which rider can I purchase with the Guaranteed Monthly Income Plan?

Riders are additional provisions that you can add on to your basic insurance policy, in order to enhance the protection and the benefits you receive.

With the Tata AIA Life Insurance Guaranteed Monthly Income (UIN: 110N147V02)Plan, you can purchase the following riders.

Need help to choose the right plan?

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