Under the Diamond Savings Plan from Tata AIA Life Insurance, you have the flexibility to choose from the following income terms, depending on the policy term and the premium payment term.

• For a 15-year policy with a 5-year premium payment term, the income term is 10 years
• For a 20-year policy with a 5-year premium payment term, the income term is 15 years
• For a 15-year policy with a 6-year premium payment term, the income term is 9 years
• For an 18-year policy with an 8-year premium payment term, the income term is 10 years
• For a 25-year policy with a 12-year premium payment term, the income term is 13 years

You can choose from the following premium payment frequencies

• Annual 
• Half-yearly
• Quarterly
• Monthly 

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

Riders^$ are additional provisions that you can add on to your basic insurance policy, in order to enhance the protection and the benefits you receive.

With Tata AIA Diamond Savings Plan, you can purchase the following riders.

•  Tata AIA Vitality Protect - A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V01)
•  Tata AIA Vitality Health - A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V01)
•  Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN: 110B033V02)
•  Tata AIA Life Insurance Non-Linked Comprehensive Health Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN: 110B031V02)

• The complete name of Tata AIA Diamond Savings Plan is Tata AIA Life Insurance Diamond Savings Plan (UIN: 110N133V02) - 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 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 in this document. Please consult your own tax consultant to know the tax benefit available to you.
• ^#Tax benefits of up to ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000. Tax benefits under the policy are subject to conditions laid under Section 80C, 80D,10(10D), 115BAC and other applicable provisions of the Income Tax Act,1961. Good and Service tax and Cess, if any will be charged extra as per prevailing rates. The Tax-Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
• ^$Riders are not mandatory and are available for a nominal extra cost. For more details on the benefits, premiums and exclusions under the riders please refer to the Rider Brochure or contact our Insurance Advisor or visit our nearest branch office.
• ¹On enrolling into the Wellness Program, you get an upfront discount of 5% on 1st year premium for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care Benefits and of 10% on 1st year premium for Term Booster, CritiCare Plus, Accelerated CritiCare, Multistage CritiCare, Cancer Care, Cardiac Care, HospiCare. The rewards are offered on cumulative basis and in any year, the maximum rewards in view of both the Up-front Rewards and Annual Rewards Flex together shall be 15% for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care and 30% for all other benefit options. Discount is driven by accumulated points which is achieved through wellness status. Please refer policy document for more details.
• 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.
• This product will be offered only to Standard lives.
• For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
• L&C/Advt/2022/Dec/3408