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FOR EXISTING POLICY
Have query on premium, payout or any servicing need?
Call us:
FOR NEW POLICY
Want to buy a new policy online?
FOR NEW POLICY
Want to buy a new policy online?
FOR NEW POLICY (NRIs)
The Tata AIA Smart Value Income Plan is a non-linked, participating savings plan that offers long-term life cover up to 100 years. It provides flexible Read more premium payment modes, and the choice between regular cash bonuses2 or lump sum maturity benefits. It is designed to help individuals achieve financial security, systematic savings, and protection for their loved ones. Read less
The Tata AIA Smart Value Income Plan is a non-linked, participating savings plan that offers long-term life cover up to 100 years. It provides flexible Read more premium payment modes, and the choice between regular cash bonuses2 or lump sum maturity benefits. It is designed to help individuals achieve financial security, systematic savings, and protection for their loved ones. Read less
Below are the key features of Smart Value Income Plan you must know:
The Tata AIA Smart Value Income Plan is a non-linked, participating life insurance savings plan that provides both protection and long-term savings benefits. It offers life cover up to 100 years of age along with the option to receive a cash bonus2, if declared. The plan includes two saving options: Cash Bonus2 and Accumulating Cash Bonus2, allowing you to choose based on your financial goals.
This unique plan is designed to help you build a secure financial future while ensuring your loved ones are protected. You may also use the Smart Value Income Plan calculator to estimate your returns and select the right plan structure. It is suitable for those seeking both insurance coverage and steady income benefits.
The Tata AIA Smart Value Income Plan offers a range of benefits designed to meet your life goals. Here are some of them:
Choose from two savings options, receive a regular cash bonus2 (if declared) starting from the first month, or accumulate the amount until maturity for a lump sum payout.
The cash bonus2 will be paid out in arrears as per the frequency. You may choose annual, half-yearly, quarterly, or monthly payouts. You may also change the frequency at the next policy anniversary.
You may choose to receive your cash bonus2 in-hand or in a Sub-Wallet. You may set or update the percentage of bonus going into the Sub-Wallet. Withdrawals, full or partial, may be made anytime using My DigiAccount or by visiting our branch.
You may withdraw a part or the entire amount7 from your Sub-Wallet at any time during the policy term. Remaining balance will be paid out upon policy surrender or termination.
If the life assured survives till the end of the policy term, a maturity sum assured along with declared or accumulated bonuses2 will be paid as the survival benefit.
Depending on the premium payment option, you may choose a policy term up to 100 years of age or a limited term between 10 to 50 years.
Enhance your savings plan’s coverage by adding optional riders6 such as health or accident cover. These may be added at policy inception or on any policy anniversary provided their term does not exceed the main policy term.
In case of emergencies like job loss or reduced income, this feature helps you secure full life cover even if your policy has become reduced paid-up due to missed premium payments.
Our experts are happy to help you!
Our experts are happy to help you!
Here are the key highlights of the Tata AIA Smart Value Income Plan, offering life cover along with structured savings benefits.
In addition to life insurance protection, the plan offers customisable savings options to help secure your family’s future and support long-term wealth creation.
With a minimum premium payment of ₹24,000 per annum, you may safeguard the future of your loved ones from uncertainties while planning for a stable and secure future..
You can make the premium payment on an annual, half-yearly, quarterly, or monthly basis. Moreover, there will be no modal loading on the single premium rate or the annual premium rate.
Benefit from a smooth onboarding experience, hassle-free renewals, and quick claim settlements through Tata AIA’s user-friendly digital platform with secure online payment options.
In case of the life assured’s demise, the sum assured, along with any declared bonuses2, will be paid to the nominee.
Under the Regular or Limited Pay option, declared cash bonuses2 may be used to pay policy premiums. If bonuses2 exceed the premium due, the excess is paid to you; if not, the balance must be paid by you.
Enjoy tax5 benefits as per prevailing tax laws under applicable sections of the Income Tax Act.
Below is the rider(s)6 lists for smart value income plan you may add.
Non-Linked Comprehensive Protection Rider6
(UIN:110B033V04 or any other later version) - A Non-Linked, Non- Participating Individual Health Rider6
Non-Linked Comprehensive Health Rider6
(UIN: 110B031V03 or any other later version) - A Non-Linked, Non- Participating Individual Health Rider6
To invest in the Tata AIA Smart Value Income Plan, individuals must meet the following eligibility criteria set by the insurer.
Minimum | Maximum | ||||
Age at Entry (years)# | 30 days | Payment Option | Maximum Entry Age | ||
Limited Pay | 65 | ||||
Regular Pay | 65 | ||||
Single Pay Sum Assured-1^ | 45 | ||||
Single Pay Sum Assured-2^ | 65 | ||||
Age at Maturity (years)# | 18 | Payment Option | Whole Life | Other than whole Life | |
Limited Pay | 100 | 85 | |||
Regular Pay | NA | 85 | |||
Single Pay | 'SA-I'^ | NA | 65 | ||
'SA-II'^ | NA | 85 |
#All references to age are as on last birthday.
^Death Multiple choice under Single Pay
Tata AIA offers more than just life cover. Here’s why you should choose it:
Choose from term insurance, savings, retirement, health, and wealth creation plans.
Customise policy tenure, premium payment mode, and payout options to match your needs.
Ensures your family receives quick and reliable support when it matters the most.
Buy, renew, and manage policies online with simple, hassle-free tools.
Receive assured maturity or death benefits as per your plan.
Get benefits under Sections 80C and 10(10D) of the Income Tax Act.
Choose from lump sum, monthly income, or a mix of both.
Enhance coverage with critical illness benefit, accidental death cover, and premium waiver on disability.
Step 1: Choose the plan option
The Tata AIA Life Insurance Smart Income Value Plan offers two plan options to suit your financial needs:
Option 1: Cash Bonus2 - Receive regular cash bonus2 payouts (if declared) from the first policy year, in your chosen payout mode.
Option 2: Accumulating Cash Bonus2 - Let your cash bonuses2 (if declared) accumulate throughout the policy term and receive a large lump sum amount at maturity.
Step 2: Select the premium payment term and policy term
|
Payment Option |
Whole Life |
Other than Whole Life |
|
|
|
|
Minimum |
Maximum |
Policy Term (PT) (years) |
Limited Pay |
100 minus Entry Age |
20 |
50 |
|
Regular Pay |
NA |
10* |
30 |
|
Single Pay |
NA |
10* |
50 |
*The above age, policy term and premium payment term combinations can be chosen subject to minimum maturity age of at least 18 years.
Step 3: Choose the desired payment option
Tata AIA Life Insurance offers simple and secure digital payment options that you may choose from to easily buy your personalised savings plan online. Once the premium is paid, your purchase of the Tata AIA Life Insurance Smart Value Income Plan will be successfully completed.
Yes, the plan allows optional riders 6 to enhance coverage based on your specific protection needs.
Yes, tax5 benefits may be available under Sections 80C and 10(10D) of the Income Tax Act, as per prevailing laws.
This plan can be suitable for individuals seeking life cover with regular income or long-term savings for future financial goals.
Yes, it can support retirement goals by offering steady income and life cover up to 100 years of age.
Disclaimer