Tata AIA Life Insurance

Secure Insurance Solutions

 

This advertisement is designed for combination of Benefits of two or more individual and separate products named (1) Tata AIA Life Insurance Smart Income Plus (Non-Linked, Non-Participating Individual Life Insurance Savings Plan) - UIN: 110N126V04 and (2) Tata AIA Life Insurance Wealth Maxima (Unit Linked Whole Life Individual Savings Plan) - UIN: 110L114V03 or Tata AIA Life Insurance Fortune Maxima (Non-Participating, Unit Linked, Whole Life Individual Savings Plan) - UIN: 110L113V04 or Tata AIA Life Insurance Wealth Pro (Unit Linked, Individual Life Insurance Savings Plan) - UIN: 110L111V03 or Tata AIA Life Insurance Fortune Pro (Unit Linked, Individual Life Insurance Savings Plan) UIN: 110L112V04.These products are also available for sale individually without the combination offered/ suggested. This Benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer the detailed sales brochure of the respective individual products mentioned herein before concluding the sale.

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
THE LINKED INSURANCE PRODUCT DOES NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICY HOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR.

Nurture your goals and achieve them with Secure Insurance Solution

Secure Insurance Solution by Tata AIA Life Insurance is an innovative solution that lets you build your savings and investments while leading a worry-free and protected life!

Plan Benefits

Capital Protection:

Through a market investment, you can make a profit on your investment. But every day in the market is not the same, and your capital may not always be protected. Secure Insurance Solution helps you maximize the capital returns on your investment by securing the returns. With the help of expert fund management, your investments can withstand the market’s fluctuations, ensuring that your returns are always protected.

The benefit of Investing in the Equity Market:

Equity and equity-linked investments are lucrative for profits as they enable you to choose from multiple investment options that offer higher returns than other investments like gold, Public Provident Funds, Fixed Deposits, etc. Through Secure Insurance Solution, you can leverage the benefits of investing in the equity market for earning better returns.

Limited Payment Term:

You can enjoy the benefits of a complete policy term and life cover without having to make the premium payments for the entire term. With the limited pay option, you can choose between a premium payment term of 7 years for a policy term of 15 years/Whole Life or a premium payment term of 10 years for a policy term of 21 years/Whole Life.

Flexible Choice of Funds:

Under Secure Insurance Solution, you can access a variety of investment funds and choose ones that are best suited to your needs and your portfolio’s risk tolerance. With fund options catering to high-risk, medium risk and low-risk investors, the solution also enables you to switch between funds as per your preference.

Liquidity4:

The fund value of your investments can be used to fulfil your financial needs and goals. Through investments in liquid assets, Secure Insurance Solution enables you to liquidate your investments at the end of the investment’s lock-in period and avail of the funds to meet your needs!

Highlights of the Plan



Salient Features of the Secure Insurance Solution:

 

The comprehensive solution provides you and your loved ones with life cover protection throughout the policy term and maturity benefits at the end of the policy term.

You can earn market-linked returns on your investments that help you grow your wealth systematically.

Enjoy the benefit of guaranteed protection on all the premiums paid towards the insurance policy.

Plan at a Glance Documents Required to Buy the Plan

Plans under the Secure Insurance Solution -

Solutions Combination

Tata AIA Life Insurance Smart Income Plus and Tata AIA Life Insurance Fortune Pro OR Tata AIA Life Insurance Wealth Pro

Tata AIA Life Insurance Smart Income Plus and Tata AIA Life Insurance Fortune Maxima OR Tata AIA Life Insurance Wealth Maxima

Premium Payment Term & Policy Term

Premium payment term of 7 years for a policy term of 15 years or premium payment term of 10 years for a policy term of 21 years 

Premium payment term of 7 years for a policy term of 100 years - Issue Age or premium payment term of 10 years for a policy term of 100 years - Issue Age

Minimum Entry Age (as on last birthday)

 

18 years

18 years

Maximum Entry Age (as on last birthday)

 

50 years

50 years

Minimum Premium

₹1,00,000 for 10 Pay and ₹1,50,000 for 7 Pay

₹1,00,000 for 10 Pay and ₹1,50,000 for 7 Pay

 

Below is the list of documents required to purchase the Tata AIA Life Insurance Secure Insurance Solution

 

Proof of Identity

 

One of the following - PAN Card/Aadhar Card/Driving License/Passport

 

Proof of Address

 

One of the following - Aadhar Card/Passport/Voter’s ID/Driving License/Electricity Bill/Ration Card/Rent Agreement/Bank Statement (with address) attested by the bank manager.

 

Banking Details

 

Bank Statement attested by the bank manager or passbook with entries of the last 6 months.



Income Proof

One of the following - Bank Statement/passbook entries of last 6 months/salary slips of last three months/Employer Certificate/Income Tax Returns/Latest Form 16

How Does the Secure Insurance Solution Work?

Step 1

Choose the plan option

Secure Insurance Solution offers two plan options:

Option 1 - Regular Income


With this plan option, one can receive regular guaranteed1 annual payouts

Option 2 - Endowment


By choosing the endowment option, one can receive a guaranteed1 lump sum payout on maturity

Step 2

Choose the plan combination


Option 1
- Tata AIA Life Insurance Smart Income Plus and Tata AIA Life Insurance Fortune Pro/Tata AIA Life Insurance Wealth Pro

Option 2 - Tata AIA Life Insurance Smart Income Plus and Tata AIA Life Insurance Fortune Maxima/Tata AIA Life Insurance Wealth Maxima

 

Step 3

Select the premium payment term and policy term

The Secure Insurance Solutions offers two options under the limited premium payment option:

  1. If you choose Tata AIA Life Insurance Smart Income Plus and Tata AIA Life Insurance Fortune Pro/Tata AIA Life Insurance Wealth Pro, you can choose to pay premiums for 7 years and enjoy the benefits of the policy for 15 years, or you can opt for 10 years of premium payment and enjoy policy coverage for 21 years.

  2. If you choose Tata AIA Life Insurance Smart Income Plus and Tata AIA Life Insurance Fortune Maxima/Tata AIA Life Insurance Wealth Maxima, you can choose to pay premiums for 7 years or 10 years and enjoy the benefits of the policy for 100 years, subject to the issue age.


Step 4

Select the premium amount

You can choose a minimum premium amount for ₹1,00,000 for 10 years limited pay or ₹1,50,000 for 7 years limited pay. Apart from that, the premium amount chosen should be aligned with one’s insurance and savings/investment needs and objectives.

Benefit Illustrator

Illustration 1 Illustration 2 Illustration 3 Illustration 4

Combination of Tata AIA Life Insurance Smart Income Plus and Tata AIA Life Insurance Fortune Pro

Tata AIA Life Insurance Smart Income Plus with Endowment Benefit


Age


35 years


Policy Term


21 years


Premium Payment Term


10 years


Premium Frequency


Annual


Sum Assured


₹10,78,000


Modal Premium (without GST)


₹98,000

 






 

Tata AIA Life Insurance Fortune Pro, Fund Allocation: Large Cap Equity Fund


Policy Term


21 years


Premium Payment Term

 


10 years


Premium Frequency


Annual


Sum Assured


₹11,13,000


Modal Premium (without GST)


₹1,06,000

 

Combination of Tata AIA Life Insurance Smart Income Plus and Tata AIA Life Insurance Fortune Maxima

Tata AIA Life Insurance Smart Income Plus with Endowment Benefit


Age


35 years


Policy Term


15 years


Premium Payment Term


7 years


Premium Frequency


Annual


Sum Assured


₹34,10,000


Modal Premium (without GST)


₹3,10,000

 

 




 

Tata AIA Life Insurance Fortune Maxima, Fund Allocation: Large Cap Equity Fund


Policy Term


65 years


Premium Payment Term


7 years


Premium Frequency


Annual


Sum Assured


₹33,25,000


Modal Premium (without GST)


₹1,90,000

 

 

Combination of Tata AIA Life Insurance Smart Income Plus and Tata AIA Life Insurance Wealth Maxima 

 

Tata AIA Life Insurance Smart Income Plus with Endowment Benefit


Age


35 years


Policy Term


15 years


Premium Payment Term


7 years


Premium Frequency


Annual


Sum Assured


₹68,20,000


Modal Premium (without GST)


₹6,20,000

 





Tata AIA Life Insurance Wealth Maxima, Fund Allocation: Large Cap Equity Fund


Policy Term


82 years


Premium Payment Term


7 years


Premium Frequency


Annual


Sum Assured


₹98,80,000


Modal Premium (without GST)


₹3,80,000

 

Combination of Tata AIA Life Insurance Smart Income Plus and Tata AIA Life Insurance Wealth Pro

 

Tata AIA Life Insurance Smart Income Plus with Endowment Benefit


Age


35 years


Policy Term


15 years


Premium Payment Term


7 years


Premium Frequency


Annual


Sum Assured


₹68,20,000


Modal Premium (without GST)


₹6,20,000

 

 

 

 

 

Tata AIA Life Insurance Wealth Pro, Fund Allocation: Large Cap Equity Fund


Policy Term


15 years


Premium Payment Term


7 years


Premium Frequency


Annual


Sum Assured


₹38,00,000


Modal Premium (without GST)


₹3,80,000

 

Plan Specific Riders


How to Buy the Secure InsuranceSolution Online

Buying the Secure Insurance Solution is an easy process that can be completed in four simple steps:

  1. Choose a suitable option in Secure Insurance Solution as per your choice of premium payment term and policy term. Gauge your family’s needs, your savings and investment goals and calculate the life cover needed for everyone’s complete security2.

  2. Benefit from the growth of your investments in the equity market and enjoy capital protection as you build a financial corpus for your future.

  3. Leverage the market upside and secure your wealth with Capital Guarantee.

  4. At the end of the selected policy term, avail of the maturity benefits of the plan and make the most of the liquidity4 available on your investment.


Frequently Asked Questions 


General
What is the Secure Insurance Solution?

Secure Insurance Solution is a combination insurance plan by Tata AIA Life Insurance that helps you realise your savings and investment goals while being protected by a life insurance cover.

How is the plan different from other insurance plans?

Where other insurance plans target specific requirements of individuals, Secure Insurance Solution is a more comprehensive product that provides complete financial security2 and aids in wealth creation.

Is this plan better than having a term insurance plan?

Each plan or solution serves a specific function. A term insurance plan offers comprehensive life cover protection and is popular for its affordable premiums. The Secure Insurance Solution serves as an insurance and saving cum insurance plan. So, one cannot compare the two.

When should I buy the Secure Insurance Solution?

You should buy Secure Insurance Solution early on in life to start your investments and give them enough time to grow. Since the solution also offers a life cover, getting it early on will enable you to protect yourself and your family against unforeseen events and emergencies.


Plan
What are the plan options under Secure Insurance Solution?

Secure Insurance Solution offers a regular income option and an endowment benefit that you can choose from, depending on how you want to receive your maturity benefit.

What are the benefits offered by Secure Insurance Solution?

The plan offers maturity benefits as well as death benefits to the policyholder’s beneficiaries. Apart from that, the plan also functions as an effective market investment tool that allows the investor to maximise their returns with a capital guarantee. Therefore, at maturity, not only can one avail of the maturity benefit but also their investment returns.

Can Secure Insurance Solution replace my current ULIP policy?

While a Unit-Linked Insurance Plan is good for investments, Secure Insurance Solution also offers capital protection on the investments which helps the investor enhance their investment corpus. The solution also enables long-term savings during the policy term, which is a feature that ULIP does not offer. If you are replacing your ULIP with Secure Insurance Solutions, be sure that you make an informed decision.

Does the plan offer any tax benefits?

Yes, the plan offers tax benefits as per the prevailing tax laws, subject to the terms and conditions of the policy.

What are the premium payment options for this plan?

The Secure Insurance Solution lets you benefit from the limited pay option where, as per the plan selected, you pay only for a limited number of years but enjoy policy coverage for the entire term.

Can I choose between two plan options for Secure Insurance Solution?

Yes, you can choose either an endowment benefit or a regular income option at the inception of the plan. This will enable you to receive the maturity benefits either as a lump sum or as a regular income.


Claim Process
How do I file a claim online?

You can file a claim on the Tata AIA Life Insurance website by visiting our homepage, select “Where Do I” on top of the page and click on “Register Claims”. Then you can simply provide us with your policy number, claim details such as the policyholder’s name, the insured’s name, the date of the event and the type of claim. Next, you will have to update the name and the contact details of the claimant and submit the claim online.

What is the eligibility criteria for receiving claim benefits?

Depending on the type of plan you have selected and the type of coverage it offers, you can file a claim for death, disability, hospitalisation, reimbursement and so on. As long as the information provided is correct and the claim is valid, it will be verified and settled in accordance with the terms and conditions of the policy.

Disclaimers:
  • 1Guaranteed Returns are defined as Guaranteed Payout (GP)/ Guaranteed Maturity Payout (GMP) under both Plan Options. For Regular Income option, GP is 120% to 140% of the Annualised Premium (AP) and GMP is 46% to 318% of AP for male lives and 74% to 321% of AP for female lives.  Please refer survival benefit factor under regular income option. 
  • For Endowment option, GP is 5.26 to 10.39 times of AP for Male lives and 5.36 to 10.40 times of the 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 vary by the chosen premium payment term, age and gender as per plan option chosen. 
  • Some benefits are guaranteed and some benefits are variable (non-guaranteed) with returns based on the future performance of the opted funds and fulfillment of other applicable Policy conditions. 
  • If your Policy offers guaranteed returns, then these will be clearly marked as "guaranteed". The above illustration has been determined using assumed future investment returns of 8% and 4% respectively. 
  • These assumed rates of return are not guaranteed and there are no upper and lower limits of what you might get back at Maturity, due to the fact that the value of your Policy is dependent on a number of factors including future investment performance. 
  • The customer has the choice of purchasing any one or more products as per his/her need and choice and there is no compulsion whatsoever that these products are to be taken together as suggested by the Insurer and presented in this advertisement. 
  • The customer is expected to ask questions, understand and satisfy himself that the combination meets his/her specific needs better before deciding to purchase the suggested combination. The illustration in this advertisement is the arithmetic combination and chronological listing of combined benefits of individual products.  
  • The fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the “Company”). 
  • Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal to) a year, with reinvestment of dividends (if any). 
  • All investments made by the Company are subject to market risks. The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market. 
  • Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company.
  • Please make your own independent decision after consulting your financial or other professional advisor. 
  • The performance of the managed portfolios and funds is not guaranteed and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.
  • 2Get security on investment by having premium in the form of Regular Income or Lumpsum benefit through Tata AIA Life Insurance Smart Income Plus (UIN:110N126V04) 
  • 4Liquidity through partial withdrawal from ULIP funds after completion of 5 years. 
  • These products are underwritten by Tata AIA Life Insurance Company Limited. 
  • Unit Linked Life Insurance products are different from traditional insurance products and are subject to risk factors. Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Life Insurance Wealth Maxima/ Tata AIA Life Insurance Wealth Pro/ Tata AIA Life Insurance Fortune Maxima/ Tata AIA Life Insurance Fortune Pro are only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. 
  • The premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions. 
  • The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. 
  • Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. Linked insurance products do not offer any liquidity during the first five years of the contract. 
  • The customer is advised to refer the detailed product brochure of respective individual products, segregated premium particulars of each product. 
  • For details of the rates and the terms and conditions applicable to the particular person/policy, kindly refer to the specifications in the policy document after issuance. 
  • For more details on risk factor, terms and conditions, please read Sales brochure of the particular plan carefully before concluding a sale.
  • Insurance cover is available under these products. 
  • These plans are not a guaranteed Issuance plan and it will be subject to Company’s underwriting and acceptance. 
  • Depending upon the factors such as health, occupation of the customer and other intrinsic factors such as non-submission of documentary evidences like age proof, the premium will be adjusted accordingly, as per the underwriting guidelines of Tata AIA Life Insurance Company Limited. 
  • To know the details of premium and benefits for each plan of this combination solution please go through the benefit illustration of individual product as provided 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 the total premiums paid. 
  • All Premiums, Charges and interest payable under the policy are exclusive of applicable taxes, duties, surcharge, cesses or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium, charges or interest. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. 

L&C/Advt/2021/Sep/1693