All Premiums are subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. 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. Kindly refer the sales illustration for the exact premium. Claims beyond three years from the date of issuance of policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later. Subject to all the relevant terms and conditions of the policy contract.
Claim Processing - All the relevant terms and conditions of the policy contract, including provisions in respect to claim procedure shall apply. Unit linked products; policies with unclaimed amounts or last premium payment not cleared are excluded.
**4 Hour claim processing is applicable for Tata AIA Life Insurance working days (Monday to Friday) up to 2 pm and also bank working days subject to submission of completed documents.
++Tax benefits of up to ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000. Tax benefits under the policy are subject to conditions laid under Section 80C, 80D,10(10D), 115BAC and other applicable provisions of the Income Tax Act,1961. Good and Service tax and Cess, if any will be charged extra as per prevailing rates. The Tax-Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
+++Inbuilt Payout Accelerator Benefit pays out 50% of Basic/Effective Sum Assured (as applicable) in case of a Terminal Illness diagnosis
##Riders are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/Intermediary/ branch.
Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V02 or any other later version) and Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN: 110B031V02 or any other later version) are available under this plan.
Tata AIA Life Insurance InstaProtect comprises of Tata AIA Life Insurance Sampoorna Raksha Supreme (Non Linked, Non Participating, Individual Life Insurance Plan) (UIN: 110N160V03), Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (NLCPR) (UIN: 110B033V02) - A Non-linked, Non-participating, Individual Health Rider; Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (NLCHR) (UIN: 110B031V02) - A Non-linked, Non-participating, Individual Health Rider.
^Applicable for specific plan options. Please refer brochure for additional details.
1Individual Life Claim Settlement Ratio is 98.53% for FY 2021 - 22 as per the latest annual audited figures.
2Retail Sum Assured for FY22 is Rs 3,07,804 Cr.
368,75,083 families protected till Oct’22.
7AUM (Shareholders and Policyholders Fund) stands at Rs. 62,894 Cr as on Aug’22.
4Income 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 in this document. Please consult your own tax consultant to know the tax benefits available to you.
5Under Life Plus Option, an amount equal to the 105% of the Total Premiums Paid (excluding loading for modal premiums) shall be payable at the end of the Policy Term as Maturity Benefit, provided the life assured survives till maturity and the policy is not terminated earlier. Under Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (Term Benefit with accelerated Terminal Illness ROP option), an amount equal to the Total Premiums Paid towards the respective benefit option (excluding loading for modal premiums), less any claim amount already paid out under the respective benefit option, shall be payable at the end of the benefit option term, provided the benefit option is not terminated.
6Criticare Plus Benefit (CPB), Accidental Death benefit (ADB) and Accidental Total and Permanent Disability Benefit (ATPD) are benefit options available under Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider and HospiCare Benefit (HCB) is available under Tata AIA Life Insurance Non-Linked Comprehensive Health Rider
@Express Issuance for standard lives. The solution will be underwritten by Tata AIA Life Insurance Company Limited. Additional Requirements may be called at underwriters’ discretion.
This product is underwritten by Tata AIA Life Insurance Company Ltd.
The 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.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. The precise terms and condition of this plan are specified in the Policy Contract.
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 all the Premiums Paid.
In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
The solution will be underwritten by Tata AIA Life Insurance Company Limited. Additional Requirements may be called at underwriters discretion. Insurance cover is available under this solution. The solution is not a guaranteed issuance plan and it will be subject to company’s underwriting and acceptance. In case of sub-standard lives extra premiums will be charged as per our underwriting guidelines. For more details on the benefits, premiums and exclusions under the Base product and rider, please refer both Product and Rider brochure or contact our Insurance Advisor /Intermediary or visit our nearest branch office. Buying a life Insurance policy/rider is a long term commitment. An early termination of the policy/ benefit option under a rider usually involves high costs and the surrender value payable may be less than all the premiums paid.
L&C/Advt/2022/Oct/2602