Tata AIA Life Insurance Value Income Plan (UIN: 110N153V01)

Individual, Non-Linked, Participating Life Insurance Savings Plan


You will no doubt want to give your family a happy and secure future. Planning right and planning early are the stepping stones to achieving your purpose. Savings plans can help you fulfil these objectives, without any financial strain. With guaranteed payouts that you can rely on, they help you meet your needs, and realize your dreams at every stage of life.

With the Tata AIA Life Insurance Value Income Plan, you can secure the future of your loved ones, and take care of your financial commitments comfortably. Choose this plan and experience the double benefits of a life insurance cover, coupled with an element of guaranteed returns.

Key
Benefits

Early income Benefit

Early Cash bonus payout from 2nd policy anniversary till maturity

Flexible payout

Choice of taking Cash Bonus or accumulate till maturity for lumpsum benefit

Insurance coverage

Life insurance coverage during policy term with option of Extended life cover till age 100

Add-on riders

Enhanced protection through optional riders

Highlights of Tata AIA Life Insurance Value Income Plan 

You have flexibility to choose your payout

You have the flexibility to choose extended life cover till the age of 100

You can choose any of the additional riders to increase the protection offered

The plan gives you the choice of different policy terms to suit your needs

You can choose to pay your premiums annually, half-yearly, 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 (UIN: 110B028V03)

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 (UIN: 110B029V02) 

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 30 days
Maximum age at entry For a premium payment term of 5 years: 55
For a premium payment term of 6 years:  58
For a premium payment term of 7 years: 62
For a premium payment term of 8 to 15 years: 65

Policy term

 Policy term  10 to 40 years
(Minimum policy term: Premium Paying
Term + 5 years) 

Premium payment term

 Available premium payment term options   5 to 15 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 
 80 years 
PAN card
Aadhaar card
Bank statement (for the previous 6 months)
Salary slip
Income tax receipt
People frequently asked us about…
What are the plan options under the Value Income Plan?

 Under the Value Income Plan from Tata AIA Life Insurance, you have the flexibility to choose from the following two options:

  • Option 1: Endowment
  • Option 2: Endowment with Extended Life Cover (ELC) till the age of 100
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?

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 Sampoorna Raksha 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 Value Income Plan, you can purchase the following riders.

Need more information?
Let us help you

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