Tata AIA Life Insurance 
Money Back Plus 

Non-Linked, Participating, Individual Life Insurance Savings Plan

There are many important occasions to look forward to in life, like sending your children off to the best colleges for their higher education, taking that dream vacation with your family, buying your very own home, and maybe even starting your own business. For all of these goals and more, it’s important that you plan ahead. When it comes to planning for your future, and also protecting your family along the way, savings plans are your allies. 

Tata AIA Life Insurance Money Back Plus is a savings plan that caters to your need for guaranteed cash inflow at regular intervals, to fulfill your goals for the future, along with the protection of a life cover. With this plan, you can build a strong foundation of savings, combined with adequate financial protection.


Guaranteed payouts

Guaranteed payouts (Money Back) at regular intervals throughout the term

Insurance coverage

Life insurance coverage to secure the future of your loved ones

Additional protection

Inbuilt accident benefit for additional protection

Add-on riders

Enhanced protection through an optional rider

Highlights of Tata AIA Life Insurance Money Back Plus 

You can choose from three payout options (Money Back) with different policy terms
This savings plan offers you two kinds of bonuses
You have the flexibility to plan your future goals with total guaranteed payouts of upto 130% of the sum assured
You can choose an additional rider to increase the protection offered
The plan gives you the freedom to pay premiums for limited periods
You can choose to pay your premiums annually, semi-annually 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 Riders

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 issue   Plan option 1: 2 years
 Plan option 2: 0 years (30 days)
 Plan option 3: 0 years (30 days)
 Maximum age at issue   51 years 

Policy term

 Policy term   Plan option 1: 16 years
 Plan option 2: 20 years
 Plan option 3: 24 years  

Premium payment term

Available premium payment term options  

 Plan option 1: 8 years
 Plan option 2: 10 years
 Plan option 3: 12 years 

Premium payment mode

Premium payment frequency options 


Age at maturity

 Minimum age at maturity 
 18 years 
 Maximum age at maturity 
 75 years 

Sum assured

Minimum sum assured 
 Rs. 2,00,000 (in multiples of Rs. 1,000) 
Maximum sum assured 
No limit, but subject to financial underwriting 
PAN card
Aadhaar card
Bank statement (for the previous 6 months)
Salary slip
Income tax receipt

Frequently Asked Questions

How many plan options are there under the Money Back Plus plan?

Under the Tata AIA Life Insurance Money Back Plus plan, you have the flexibility to choose from three plan options.

  • Option 1: 16-year policy term with a premium payment term of 8 years
  • Option 2: 20-year policy term with a premium payment term of 10 years
  • Option 3: 24-year policy term with a premium payment term of 12 years


What is the premium payment frequency for this savings plan?

You can choose from the following  premium payment frequencies.

  • 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 this 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 Money Back Plus 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 Money Back Plus(UIN: 110N119V02) plan, you can purchase the Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider (UIN:110B029V02)

Need help to choose the right plan?


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