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Non-Linked, Non-Participating, Individual Life Insurance Savings Plan (UIN: 110N148V04)

Tata AIA
POS Smart Income Plus 

The secret to checking off all your medium and long-term life goals is planning ahead. With the right savings plan in place, you will find it easy to stay on track and make every dream come true, whether it is making the down payment on your dream home or taking that long-awaited extended vacation with your loved ones. The best part is that you can rely on the guaranteed* payouts that these plans offer and secure the future of your family.

With the Tata AIA Life Insurance POS Smart Income Plus plan, you do not need to think twice about living the life of your dreams. Choose this plan and enjoy the dual advantage of a life cover, combined with savings you can rely on.

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Key
Benefits

Guaranteed* income

Guaranteed* payouts under the Regular Income option

Insurance coverage

Life insurance coverage to secure the future of your loved ones

Flexible choice of plan options

Flexibility to choose between Regular Income and Endowment Benefit options

Limited premium payment term

Pay premium for 7 years only and enjoy a life cover for 15 years

Highlights of Tata AIA Life Insurance POS Smart Income Plus Plan 

The plan offers guaranteed* payouts of 120% of the Annualised Premium under the Regular Income Benefit option

This plan also offers a life cover to help protect your loved ones
Women policyholders enjoy a higher benefit

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

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
 

*T&C apply

Check eligibility Documents required

Age at entry

 Minimum age at issue   3 years
 Maximum age at issue   50 years 

Policy term

 Policy term   15 years 

Premium payment term

 Available premium payment term options   7 years 

Premium payment mode

 Premium payment frequency options 

 Annual
 Half-yearly 
 Quarterly
 Monthly 

Age at maturity

 Minimum age at maturity 
 18 years 
 Maximum age at maturity 
 65 years 

Sum assured

 Basic sum assured   11 times the Annualised Premium 
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 POS Smart Income Plus plan?

Under the Tata AIA Life Insurance POS Smart Income Plus plan, you have the flexibility to choose from the following plan options.

  • Option 1: Regular Income Benefit
  • Option 2: Endowment Benefit
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
How long does the life cover offered by the POS Smart Income Plus plan last? Do I have to pay premiums over the entire duration?

The Tata AIA Life Insurance POS Smart Income Plus  (UIN: 110N148V04) plan offers you a life cover over the policy term of 15 years. You do not need to pay premiums over that entire duration. Instead, you only need to pay premiums for 7 years.

Looking to buy a new insurance plan? 

Our experts are happy to help you!

+91

TATA AIA Life Insurance Co. Ltd will send you updates on your policy, new products & services, insurance solutions or related information. Select here to opt-in

Disclaimers

  • The complete name of Tata AIA POS Smart Income Plus is Tata AIA Life Insurance POS Smart Income Plus - Non-Linked, Non-Participating, Individual Life Insurance Savings Plan (UIN: 110N148V04)
  • *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.
  • #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 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.
  • L&C/Advt/2023/Oct/3557
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