A Single Premium, Non Linked, Non Participating Individual Annuity Plan

As you step into retirement, you enter a new phase of life, one that should be relaxed and worry-free. After years of working hard to save up for your dreams, you finally get to live the life you have always imagined. You can take an extended vacation and travel the world, or devote your time to pursuing all those hobbies you were always interested in, or you can even spend many happy years making memories with your family and friends.

Retirement plans help you make all these dreams come true, by allowing you to enjoy a steady stream of income even after you retire. Plan for your golden years with the Tata AIA Life Insurance Smart Annuity Plan..


Flexible Annuity 0ptions

Flexibility to choose annuity options to meet your retirement needs

Top-up option

Top-up option to increase the benefits you receive under this plan

Choice of annuity modes

Receive annuity payouts according to the chosen mode

Get Guaranteed Lifetime Income

With Guaranteed1 Lifetime Income get the financial security you need to safeguard your future.

Highlights of Tata AIA Life Insurance Smart Annuity Plan 

You have to pay one time premium for guaranteed whole life annuity1

You have the options of Joint Life Annuity
The plan offers immediate as well as deferred life annuity options
Flexibility to choose your annuity payout mode
You can avail a loan against this policy to meet any emergency needs

Avail 2% Extra Annuity2 and Guaranteed Income1  when bought online

Check eligibility Documents required

Age at entry

 Minimum age at entry   45 years 
 Maximum age at entry   85 years

Premium payment term

 Available premium payment period   Single Premium 

Annuity payout options

 Available annuity payout options 

 Annual payouts
 Half-yearly payouts 
 Quarterly payouts
 Monthly payouts 

Annuity payout amount

 Minimum annuity payout amount 

 Annual payouts: Rs. 12,000
 Half-yearly payouts: Rs. 6,000 
 Quarterly payouts: Rs. 3,000
 Monthly payouts: Rs. 1,000
 Maximum annuity payout amount   No limit
PAN card
Aadhaar card
Bank statement (for the previous 6 months)
Salary slip
Income tax receipt

Frequently Asked Questions

What are the annuity options under the Smart Annuity Plan?

When you purchase the Smart Annuity Plan, you can choose from any of the following annuity options.

  • Immediate life annuity
  • Immediate life annuity with return of purchase price
  • Deferred life annuity with return of purchase price
What is the premium payment frequency for this retirement plan?

You only need to pay your premium one-time, when you purchase the Tata AIA Life Insurance Smart Annuity Plan.

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 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 the annuity payout options under the Tata AIA Life Insurance Smart Annuity Plan?

Under the Tata AIA Life Insurance Smart Annuity (UIN: 110N150V05)Plan, you can choose from the following annuity payout options.

  • Annual payouts
  • Half-yearly payouts
  • Quarterly payouts
  • Monthly payouts

Need help to choose the right plan?


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