Tata AIA Life Insurance
Guaranteed Return Insurance Plan 

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

The dreams and goals you share with your family are undoubtedly some of the most precious, and cherished parts of life. To ensure that those dreams become a reality, what you need is a good savings plan to rely on. With the guaranteed returns* that savings plans offer, you can scratch off all your major and minor life goals from your list, like taking a dream vacation, funding your children’s higher education, and buying your very own home.

The Tata AIA Life Insurance Guaranteed Return Insurance Plan is a savings plan that allows you to save up all you need to meet the major milestones in your life, and turn your dreams into reality. With this plan, you can benefit from a life insurance coverage, along with an element of savings to meet your life goals.

Key
Benefits

Guaranteed returns

Guaranteed returns* with flexibility of lump sum, regular income, whole life income benefit

Insurance coverage

Life insurance coverage to secure the future of your loved ones

                                                                                        *Conditions apply

Cover for your spouse

Option of joint life in same policy under Whole Life Income benefit 

Add-on riders

Enhanced protection through optional riders1

Highlights of Tata AIA Life Insurance Guaranteed Return Insurance Plan

You can choose from three plan options: Endowment, Regular Income and Whole Life Income 

You have the flexibility to plan your future goals with guaranteed returns*

You can choose any of the additional riders to increase the protection offered
The plan gives you the freedom to pay premiums for single and limited periods
You can choose to pay your premiums annually, semi-annually, quarterly or monthly
You have the option to avail a loan against your policy

You can avail tax benefits^ as per the applicable tax laws

Add Savings Plan Riders1

Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider  

This rider protects your family by paying them a lump sum amount in case of an accidental death
The benefits are doubled in case of certain accidental deaths or dismemberments (details in the brochure)
Know More

Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider 

In case of death or total and permanent disability of the life insured, this rider allows all future premiums to be waived off
This benefit is valid if the death or disability occurs before the life insured attains 70 years of age or before the end of the premium payment term, whichever occurs earlier
Know More
Check Eligibility Documents Required

Age at entry~

 Minimum age at entry

Plan option 1: Endowment plan

  • 10-year policy: 8 years
  • 12-year policy: 6 years
  • 20-year policy: 0 years

Plan option 2: Regular Income plan

  • 11-year policy: 7 years
  • 13-year policy: 5 years

Plan option 3: Whole Life Income plan

  • 5-year policy: 45 years
  • 10-year policy: 45 years
 Maximum age at entry 

Plan option 1: Endowment plan

  • 10-year policy: 60 years
  • 12-year policy: 60 years
  • 20-year policy: 55 years

Plan option 2: Regular Income plan

  • 11-year policy: 55 years
  • 13-year policy: 55 years

Plan option 3: Whole Life Income plan

  • 5-year policy: 65 years
  • 10-year policy: 65 years

Policy term

 Policy term 

Plan option 1: Endowment plan

  • 10-year policy
  • 12-year policy
  • 20-year policy

Plan option 2: Regular Income plan

  • 11-year policy
  • 13-year policy

Plan option 3: Whole Life Income plan

  • 5-year policy
  • 10-year policy

Premium payment term

 Available premium payment term options 

Plan option 1: Endowment plan

  • 10-year policy: 5-year PPT
  • 12-year policy: 6-year PPT
  • 20-year policy: 10-year PPT

Plan option 2: Regular Income plan

  • 11-year policy: 10-year PPT
  • 13-year policy: 12-year PPT

Plan option 3: Whole Life Income plan

  • 5-year policy: Single year payment or 5-year PPT
  • 10-year policy: 10-year PPT

Premium payment mode

 Premium payment frequency options 

 Single
 Annual
 Semi-annual 
 Quarterly
 Monthly 

Sum assured

 Basic sum assured 
 Death benefit multiple x Annualised premium 

~ Age as on last birthday

PAN card
Aadhaar card
Bank statement (for the previous 6 months)
Salary slip
Income tax receipt

Frequently Asked Questions

What are the plan options under the Guaranteed Return Insurance Plan?

Under the Tata AIA Life Insurance Guaranteed Return Insurance Plan, you have the flexibility to choose from the following plan options.

Option 1: Endowment

Option 2: Regular Income

Option 3: Whole Life Income

What is the premium payment frequency for this savings plan?

You can choose from the following  premium payment frequencies.

  • Single
  • Annual 
  • Half-yearly
  • Quarterly
  • Monthly 
How can I raise a claim under this savings plan?

You can choose any of the following channels to reach out to us and raise a claim.

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?

You will have to submit the following mandatory documents to buy an insurance policy.

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
What are riders? Which rider can I purchase with the Guaranteed Return Insurance Plan?

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 the Tata AIA Life Insurance Guaranteed Return Insurance Plan(UIN: 110N152V08), you can purchase the following riders.

Need help to choose the right plan?

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By submitting your details, you are giving your consent to receive SMS/Call by Tata AIA Life Insurance Company Limited or its representative, with reference to this solicited inquiry even though you may be registered on the DND list. L&C/Advt/2019/Jan/075

Disclaimer

 

  • *Guaranteed Returns/Payouts depend on Plan Option, Policy Term, Premium Payment Term and Age at entry.

  • Guaranteed Addition defined as a percentage of GMB shall accrued at a simple rate for each completed policy year, throughout the Policy Term and shall be payable on Maturity or Death whichever is earlier, subject to all due premiums being paid. GA shall accrue @ 5% of GMB.

  • 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.

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

  • 1Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider (UIN:110B028V03) & Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider (UIN: 110B029V02) are available under this plan. Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/Intermediary/ branch.

  • All Premiums, Charges, and interest payable under the policy are exclusive of applicable taxes, duties, surcharge, cesses or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium, charges or interest. Tata AIA Life shall have the right to claim, deduct, adjust and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy.

  • ^Income 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 on this site.

  • Please consult your own tax consultant to know the tax benefits available to you.

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

 
L&C/Advt/2021/Jun/0900