Tata AIA Life Insurance
Smart Income Plus 

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

Some of the best parts of life are the major milestones that you and your family get to experience together, like taking an extended family vacation, walking into the first home you own, or sending off your children to the best colleges for their higher education. If you are wondering how you can go about meeting these life goals comfortably, without straining your finances, savings plans are the solutions you are looking for.  

With the Tata AIA Life Insurance Smart Income Plus plan, you can not only make your dreams come true at every stage of life, but you can also rely on a stream of guaranteed income to meet your future needs. Choose this savings plan to live the life of your dreams.

Key
Benefits

Guaranteed Returns

Option of Guaranteed Regular Income or Endowment Benefit

Flexible plan

Flexibility to choose policy term and premium payment term

Insurance coverage

Life insurance coverage to secure the future of your loved ones

Add-on riders

Enhanced protection through optional riders

Highlights of Tata AIA Life Insurance Smart Income Plus Plan 

The plan offers guaranteed payouts ranging from 120% to 160% of the Annualised Premium under the Regular Income option
You have the flexibility to plan your future goals with choice of plan options
This plan also offers a life cover to help protect your loved ones
Women policyholders enjoy a higher benefit
You can choose any of the additional riders to increase the protection offered
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 Riders

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 policyholder, 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  For a premium payment term of 7 years: 3 years
For a premium payment term of 10 years and 12 years: 0 years (30 days)
Maximum age at entry  50 years

Policy term

 Policy term   15 years
 21 years
 25 years 

Premium payment term

Available premium payment term options   For a policy term of 15 years: 7 years
For a policy term of 21 years: 10 years
For a policy term of 25 years: 12 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 
 For a policy term of 5 years: 65
 For a policy term of 8 years: 68
 For a policy term of 12 years: 67 

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 Smart Income Plus plan?

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

  • Option 1: Regular Income
  • Option 1: Regular Income
  • Option 2: Endowment
What is the premium payment frequency for this life insurance investment plan?

You can choose from the following premium payment frequencies

  • Annual 
  • Half-yearly
  • Quarterly
  • Monthly 
How can I raise a claim under this life insurance investment policy?

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?

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
What are riders? Which rider can I purchase with the Smart Income 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 Smart Income Plus(UIN: 110N126V04) plan, you can purchase the following riders.

 

Need help to choose the right plan?

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