Tata AIA Life Insurance Value Income Plan

Product Overview

Individual, Non-Linked, Participating Life Insurance Savings Plan

Every individual has different needs at different stages of life. At Tata AIA Life, we believe in protecting your dreams at various stages of life without compromising on your needs through financial resources. You do not have to think twice to live your dreams.

We present to you, Tata AIA Life Insurance Value Income Plan, individual, non-linked, participating life insurance savings plan which provides you option either to receive cash bonus*, if declared payout each year on policy anniversary or on birthday following the second policy anniversary to take care of your financials commitments or accumulate these cash bonuses*, if declared at a company declared interest rate for creating bigger corpus for a stress free life.

Key Features

  • Flexibility to choose plan option
    1. Endowment; or
    2. Endowment with extended life cover till Age 100
  • Receive Cash Bonus* or Accumulate cash bonuses*, if declared payable at maturity.
  • Get Cash Bonus*, if declared each year on policy anniversary or on birthday following the second policy anniversary.
  • Receive Guaranteed Maturity Benefit1 with bonuses*, if declared on maturity
  • Flexibility of multiple Policy Term & Premium Payment Term
  • Enhance your protection with optional Riders2
  • Receive tax benefits as per the applicable Income Tax laws3


  • *These bonuses are not guaranteed in nature. The Company may declare Cash Bonus rate annually in advance. The Cash Bonuses if declared will be applicable provided all due premiums have been paid.
  • 1Guaranteed Maturity Benefit depend on Plan Option, Policy Term, Premium Payment Term and Age at entry of Life Assured at the time of inception of the policy.
  • This product is underwritten by Tata AIA Life Insurance Company Limited. The plan is not a guaranteed issuance plan and it will be subject to Company‚Äôs underwriting and acceptance.
  • For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
  • 2Riders are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life's insurance Website/Advisor/branch.
  • 3Income Tax benefits would be available as per the 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 in this document. Please consult your own tax consultant to know the tax benefits available to you.
  • All Premiums are subject to applicable taxes, cesses & levies which will entirely be borne by the Policyholder along with the payment of Premium. If any imposition (tax or otherwise) is levied by any statutory or administrative body under the Policy, Tata AIA Life Insurance Company Limited reserves the right to claim the same from the Policyholder. Alternatively, Tata AIA Life Insurance Company Limited has the right to deduct the amount from the benefits payable by Us under the Policy.
  • Past performance is not indicative of future performance.
  • In case of sub-standard lives, extra premiums will be charged as per our underwriting guidelines.
  • Insurance cover is available under this product.