Tata AIA Life Insurance
Saral Pension 

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

Your retirement years are your second innings, a new life where you leave behind your working life and find time for yourself. During this time, you want to be empowered to do all that you could not while working – going on vacations, fulfill your dreams, pursue hobbies, spending time with friends and family, pilgrimage etc. However, to enable yourself to have a worry free retirement, you need to plan right, so that you can truly enjoy your golden years.

Presenting, Tata AIA Life Insurance Saral Pension that helps you gain financial freedom during your second innings. The plan offers you regular income to help you manage your expenses post retirement.

Key
Benefits

Flexible Annuity 0ptions

Flexibility to choose annuity options to meet your retirement needs

Choice of annuity modes

Receive annuity payouts according to the chosen mode

Highlights of Tata AIA Life Insurance Saral Pension

You have to pay one time premium for guaranteed* whole life annuity

You have the option of Single or Joint Life Annuity

Flexibility to choose your annuity payout mode

You can avail a loan against this policy to meet any emergency needs

Check Eligibility Documents Required

Age at entry

Plan Option Minimum Maximum
Life Annuity with Return of 100% of Purchase price (ROP) 40 Years For PoS: 70 years Other than PoS: 80 years
Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor 40 Years For PoS: N/A
Other than PoS: 80 years
  The minimum entry age restriction needs to be complied by the youngest of the two lives. The maximum entry age restriction needs to be complied by the oldest of the two lives.

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 Saral Pension?

When you purchase the Saral Pension (UIN: 110N159V01), you can choose from any of the following annuity options.

  • Life Annuity with Return of 100% of Purchase price (ROP)
  • Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor

     

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 Saral Pension.

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 - 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:

  • Latest 6 months Bank Statement of the account from where the premium is paid
  • Pan or Form 60 / 61 is mandatory.
What are the annuity payout options under the Tata AIA Life Insurance Saral Pension?

Under the Tata AIA Life Insurance Saral Pension (UIN: 110N159V01), you can choose from the following annuity payout options.

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

Need help in choosing the right plan?
Talk to our expert.

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