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Diamond Savings Plan Snapshot

Personalize your plan as per your priorities.

  • Dual Benefit 
    Get guaranteed* income during policy term and death benefit in case of death during policy term 

  • Additional Bonuses~
    Be eligible for compound reversionary bonus and terminal bonus

  • Flexible Payment Options
    Annually/Half Yearly/
    Quarterly/Monthly 


    *T&C apply

  • Choose payment term of 5 to 12 years
  • Choose policy term of 14 to 25 years
  • Add-on security (Riders)$

    • Get coverage for risks like Accidental Death, Disability, Critical Illnesses, Hospitalization and waiver of Premium benefits through riders
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Benefits of Tata AIA Diamond Savings Plan – A Guaranteed* Savings Plan to Fulfil Your Dreams

Get Guaranteed Income

Get Guaranteed Income

As a life insurance savings policy, the policy allows you the opportunity to create a long-term and disciplined savings habit and receive guaranteed* income benefits.

*T&C apply

Life Cover Protection

Life Cover Protection

Apart from creating and generating your savings under the policy, you can also protect your family and offer them financial security with the life cover under the savings plan.

Long-Term Savings

Long-Term Savings

This savings plan will not only be a part of your financial planning but also create an emergency fund for future use or even create a retirement plan for your golden years.

Dual Benefits

Dual Benefits

Enjoy dual benefits of guaranteed* income during the policy term and growth of investments through bonuses that accumulate based on Company’s performance

Bonuses

Bonuses

A compound reversionary bonus~ will start accumulating annually with the first policy anniversary and is calculated as a percentage of the Assured Benefit. Your savings plan can also be eligible for a terminal bonus which is also a percentage of the Assured Benefit and will be paid out in accordance with certain conditions being fulfilled under the savings plan.

Tax Benefits

Tax Benefits

Your policy also allows you to claim tax^ benefits on the premiums paid and the benefits of the policy. Under Section 80C and 10(10D) of the Income Tax Act, the premiums paid towards the policy and the maturity benefit will be eligible for tax, as per the prevailing tax laws.

Highlights of Tata AIA Diamond Savings Plan
  • Regular Income

    The savings policy enables you to earn a guaranteed* regular income after the premium payment term until maturity. Between the end of the premium payment term and the maturity, you can choose a payout mode for your regular income.

  • Choice of Riders

    You can choose from optional riders$, each with unique benefits, to add to your life insurance policy. With the benefits under the selected rider/riders, you can opt for additional protection for your family in case of your accidental death, disability, Critical Illnesses, Hospitalization expenses, etc., that leads to additional expenses or a loss of income.

  • Low-risk Investment

    The guaranteed* income and regular income benefits under this savings plan offer a low-risk investment option for policyholders and investors who seek assured and non-market-linked returns on their investments.

  • Pay as per convenience

    You get to choose the premium payment term of your policy as per the duration of your policy term. Additionally, you can also choose from the annual, semi-annual, quarterly or monthly premium payment modes as per your needs and convenience.

Riders To Enhance Your Plan Coverage

Tata AIA Vitality Protect

A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V04) 

Covers risks like Death, Accidental Death/Disability, Critical Illnesses and Terminal Illness

Wellness program1 with up to 10% upfront premium discount2 on first year rider premium

Flexibility to receive benefit as combination of lump-sum and income for fixed period, income till survival of partner, or as waiver of future premiums

Know More

Tata AIA Vitality Health

A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V03)

3C Protection: Cancer, Cardiac and Critical Illnesses along with Hospitalization and Accidental Disability Benefit

Wellness program1 with up to 10%   upfront premium discount2 on first year rider premium

The rider provides coverage against both major illnesses, and minor injuries or illnesses, while allowing multiple claim payouts
 

Know More

Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider 

A Non-Linked, Non- Participating Individual Health Rider
(UIN: 110B033V05)

You can choose one or more benefit options (risk covers), including death, accidental death / disability, critical illness and terminal illness

Flexibility to receive benefit as combination of lump-sum and income for fixed period, income till survival of partner, or as waiver of future premiums
 

Know More

Plan Eligibility
 

 

Minimum

Maximum

Premium Payment Term (PPT)

5

12

Policy Term (PT)

14

25

Entry Age (Age as on last birthday)

 

0

(Subject to minimum maturity age of 18 years)

 

PT →

14 to 20

21 to 25

PPT ↓

5

55

50

6

60

55

7 to 12

60

60

 

Maturity Age (Age as on last birthday)

18

85

Premium (₹) (Premium in multiples of 10000)

₹18,000/- per annum

No Limit (subject to underwriting guidelines)

Basic Sum Assured

11 times the Annualised Premium

Premium Payment Mode

Annual/Half-yearly/Quarterly/Monthly


#
Reference to age is as on the last birthday

Frequently Asked Questions

  • Disclaimer

     
    • The complete name of Tata AIA Diamond Savings Plan is Tata AIA Life Insurance Diamond Savings Plan (UIN: 110N133V06) - A Non-Linked, Participating Individual Life Insurance Savings Plan.

    • *A Guaranteed Income of Assured Benefit shall be paid annually commencing from the end of next policy year after premium payment term till maturity of the Policy or till death of the Life Insured, whichever is earlier

    • ~Compound Reversionary Bonus and Terminal Bonus will be based on Company’s performance and are not guaranteed.

    • ^Income Tax benefits would be available as per the prevailing provisions of income tax laws, subject to fulfillment of conditions stipulated therein. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.

    • $Riders are not mandatory and are available for a nominal extra cost. For more details on the benefits, premiumsand exclusions under the riders please refer to the Rider Brochure or contact our Insurance Advisor or visit our nearest branch office.

    • Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V05 or any other later version) - A Non-Linked, Non- Participating Individual Health Rider, Tata AIA Vitality Protect (A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V04), Tata AIA Vitality Health (A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V03) are available under this plan.

    • The risk factors of the bonuses projected under the product are not guaranteed.

    • Past performance doesn't construe any indication of future bonuses, and 

    • These products are subject to the overall performance of the insurer in terms of investments, management of expenses, mortality and lapses.

    • Please refer rider brochures for additional details on health and wellness benefits.

    • 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.

    • This product is underwritten by Tata AIA Life Insurance Company Ltd.

    • This plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.

    • Insurance cover is available under this product.

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

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

    • L&C/Advt/2026/Jun/3926

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