Tata AIA Life Insurance POS Smart Income Plus

Product Overview

A Non-Linked, Non-Participating, Individual Life Insurance Savings Plan

We, at Tata AIA Life, believe in protecting your dreams at various stages of life without compromising on your basic needs through financial resources. You do not have to think twice to live your dreams as they now come with Guaranteed Payouts*.

We present to you, Tata AIA Life Insurance POS Smart Income Plus, a limited pay income plan that meets tomorrow's requirements along with protecting your loved ones and dreams as it ensures you of Guaranteed Returns* for the premium paid.

This plan helps you fulfill your medium to long term goals such as Child’s Education/ Marriage / Business Start-up and Retirement planning. It also relieves you from the burden of any uncertainty happening.

Key Features

  • Flexibility to choose between Regular Income Benefit or Endowment Benefit options
  • Receive Guaranteed Payout* 120% of the one Annualised Premium under Regular Income Benefit Option
  • Pay for 7 years, get life cover for 15 years
  • Higher benefit for female lives between age of 11 to 50 years
  • No medical examination of the life insured is required under the Plan
  • You may be eligible for Tax benefits1 as per Section 80C and 10(10D) of the Income Tax Act, 1961


  • *Guaranteed Returns are defined as Guaranteed Payout (GP)/ Guaranteed Maturity Payout (GMP) under both Plan Options. For Regular Income Benefit option, GP is 120% of the one Annualised Premium (AP) and GMP is 46% to 162% of AP for male lives and 74% to 164% of AP for female lives. Please refer survival benefit factor under regular income benefit option. For Endowment Benefit option, GP is 5.26 to 5.58 times of AP for Male lives and 5.36 to 5.59 times of AP for female lives and GMP is equal to GP, provided the policy is in-force and all due premiums have been paid. The GP/GMP factors under both the plan options will depend on premium payment term, age and gender of the Life Insured.
  • 1Income 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 on this site. Please consult your own tax consultant to know the tax benefits available to you.
  • 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 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.
  • This product is offered to standard lives only.
  • For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.