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Optional riders² for added protection

Discounts Galore

Get Rider discount on maintaining fitness through wellness program¹

Always select a plan that matches your goals. If you need the funds after 10 years of savings, you should choose a policy that will provide the returns at the same time. You can also choose the payout option as per your needs so that you can either go for a monthly income or receive the benefits in a lump sum.

Get Rider discount on maintaining fitness through wellness program¹

⁴T&C apply

What is a
Savings Plan?

A savings plan offers two-fold benefits – guaranteed returns and life cover. A life insurance savings solution is a type of insurance product that helps you save your money over the years and create an assured financial corpus that can be used to fulfil your essential needs, your future goals, and meet your financial commitments. A savings plan can also act as your secondary source of income, depending on the policy you choose, thus letting you make a financial plan for the long term.

Savings plans are particularly useful for inculcating a disciplined and regular savings habit that will yield guaranteed returns during the course of or at the end of the policy term or both. Along with a robust financial plan, the life insurance coverage of a Tata AIA savings plan will keep you and your family secure so that any future emergencies your family may face can also be taken care of.

Term Insurance FAQs

Life Cover Life Cover with Rider Life Cover with Return of Premium

Discounts Galore

Get Rider discount on maintaining fitness through wellness program¹

⁴T&C apply

What are the types of life insurance plans?

Cash Dividend Rates

UIN	Product Name	Bonus rates	Type of Bonus
110N024V01	Tata AIA Life Mahalife	36.1 per 1000	Cash dividend
110N029V01	Tata AIA Life Mahalife Gold V1	37.5 per 1000	Cash dividend
110N029V02	Tata AIA Life MahaLife Gold V2	70 per 1000	Cash dividend
110N029V03	Tata AIA Life MahaLife Gold V3	NA	Cash dividend
110N110V01	Tata AIA Life Mahalife Gold Plus	70 per 1000	Cash dividend

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Your Claim is our Priority

Step 01

Register you claim online & upload your documents

Step 02

Documents are verified & claim is processed

Step 03

Claim amount is disbursed

Doorstep claim services

Our Easy Claim Initiative provides convenient claim service at your doorstep. The Beneficiary can call our helpline to schedule an appointment. Our Rakshakarta agent will visit your residence and help in completing the documentation and quickly initiate the claim process.
4 hour claim settlement

Also, with our Express Claims service, a unique service initiative, the Beneficiary can submit the necessary documents with our Rakshakarta agent who will initiate the claim process and ensure that the claim amount is received within 4 hours².

Features of Term Insurance

Here are the key term insurance features from Tata AIA:

Low entry age

Our term insurance plans are available to policy buyers with a minimum entry age of 18. This means you need not wait until much later in life to protect yourself financially with our basic term plans.

Whole life cover

Our term plans have flexible plan durations. You can protect yourself for the maximum plan term. For example, our Tata AIA Sampoorna Raksha Supreme plan has an option of whole life coverage up to 100 years of age^$.

Payment flexibility

With Tata AIA, you can choose the premium payment mode - Single Pay, Regular Pay, and Limited Pay. You can also select the premium payment frequency (monthly/quarterly/half-yearly/annually) per your budget and fund availability.

Adjustable cover

Our term plans allow you to adjust your plan coverage with your changing insurance needs at different milestones and life stages. With our Life Stage Benefit^~, increase life cover at important milestones.

Shivakumar

As an NRI, I was concerned about reinstating my policy online as an NRI, but Manohar's exceptional assistance put my worries to rest. His dedicated support ensured smooth formalities, reaffirming that 'Tata means Trust'.

Prashant Kumar Das

I, Prashanta Kumar Das, had visited the Siliguri Branch to receive clarifications on some points about my policy. I am glad to say that Avisek Talukdar has clarified all my doubts and answered all my queries satisfactorily. I am very happy with his excellent service.

Amlan Mukherjee

Dear Amit, I received one of the most excellent services rendered by an insurance company, just via WhatsApp and emails, and I truly appreciate it. You have gained a new customer who will refer all his friends to Tata AIA. Keep it going and I wish you all the best for the days to come.

Sohini saha

I want to appreciate the support of Monomay & Subrata even though they were working from home during the locked down phase. I really appreciate the support and the effort of the team to take extra steps to resolve my issue. Keep up the great work.

Tapas Rajderkar

I am an NRI, residing far away from the Branches and offices of Tata AIA, and living in a different time zone. However, I have never felt short of any services, as Riddhi has always been very prompt and responsive. I feel that I have someone to represent me. Thank You Riddhi!

Downloads

Tata AIA Pro-Fit Leaflet

Definitions & Exclusions Annexure

Frequently Asked Questions

Generic Policy Cover Premium Claim

What is a life insurance policy?

A life insurance policy is defined as a contract between the insurer and the insured (policyholder), where the insurer promises to pay a defined sum of money to the nominees on the death of the insured person or after the policy matures. The insured must, however, pay the timely premiums for a set term to ensure that the policy remains in effect.
What are the types of life insurance plans?
The different types of life insurance plans are:
- Term Plans: Term insurance plans are flexible and offer a simple but extensive life insurance coverage along with a death benefit.
- ULIPs: Unit-Linked Insurance Plans combine investment and life insurance coverage to offer market-linked^~ returns and life cover protection.
- Savings Plans: Savings plans offer an opportunity to create long-term savings so that you can create a savings fund and also enjoy life insurance coverage.
- Retirement Plans: Retirement plans help you benefit from accumulated savings that offer assured returns in the form of a lumpsum or regular income during retirement.
- Group Plans: Group insurance plans offer insurance coverage to members of a group, such as employees of an organisation, under a single life insurance policy.
- Combo Plans: Combo plans are a combination of two or more life insurance plans and riders that create a comprehensive life insurance solution for the policyholder.
Can life insurance policies be used as tax saving options in India?

Yes, life insurance policies are eligible for tax benefits. However, the primary aim of a life insurance policy is to offer life cover and should not be used only as a tax saving option.
How to choose a life insurance policy for my family?

To choose a life insurance policy for your family, ensure that the coverage amount is sufficient for their future financial needs. Take into consideration your income, your financial commitments, all liabilities such as loans and debts, as well as medical emergencies while choosing an adequate life insurance policy coverage for your family.
Is it more convenient to purchase life insurance online?

Yes, purchasing life insurance online can be much more convenient since you can easily calculate the life insurance premiums online, carry out all the research, read online reviews, check the claim settlement ratio of your insurer and make the online purchase and payment from anywhere and at any time.

What types of policies does Tata AIA Life Insurance offer?
Tata AIA Life Insurance offers:
- Term Plans
- Savings Plans
- Unit Linked Insurance Plans
- Money-Back Plans
- Retirement Plans
- Group Insurance Plans
- Combo Plans
Which are the popular term insurance policies sold by Tata AIA Life Insurance?
The various Term Insurance policies offered by Tata AIA Life Insurance are:
- Tata AIA Sampoorna Raksha Supreme (A Non-Linked Non-Participating Individual Life Insurance Plan (UIN:110N160V03)
- Tata AIA SRS Vitality Protect
What is the difference between savings plans and Unit-Linked Insurance Plans?

Unit-Linked Insurance Plans invest a portion of the premiums in market-linked funds which means that the returns on the plan are market-linked but not guaranteed, while savings plans help you accumulate your wealth in low-risk avenues over the years and offer guaranteed returns at the end of the policy term.
Is there a grace period for all life insurance policies?

Yes, all Tata AIA Life Insurance plans offer a grace period of 30 days for the quarterly, half-yearly and yearly premium payment frequencies, starting from the due date of the premium, while the grace period offered is 15 days for the monthly premium payment frequency.
Is there a loan facility on all life insurance policies?

No, not all life insurance policies offer a loan facility.
What is the main purpose of life insurance plans?

The main purpose of life insurance is to secure the family or the dependents of the policyholder with a financial benefit after the death of the policyholder. During the policy term, the dependents are covered under the policy, and if the policyholder’s death occurs within the policy term, then the death benefit or the sum assured of the life insurance plan will be paid out to the beneficiaries, so that they can support themselves financially.
Why is life insurance important in India?

Life insurance is important in India because most families have a single earning member or a single source of income. In the event of the sole earning member’s untimely demise, the loss of income can cause financial inconvenience to the other family members. During this time, it may not be wise to sustain one’s family on emergency savings and the like. Since life insurance plans are designed to pay out a death benefit sum assured to the family on the policyholder’s death, life insurance is important.
Which is better whole life insurance or term life?

The choice between whole life insurance and term life insurance will depend on the needs of the policyholder and their family. If you are looking for life insurance coverage for a limited term or a maximum of up to 40 years of coverage, term insurance will be a good choice that offers a higher sum assured for low premiums.

A whole life insurance policy is a good option for those wanting to provide lifelong coverage for their family without having to buy a new life insurance policy. Hence, this type of policy will offer insurance coverage till the policyholder is 100 years of age or for their whole life.
Do you get your money back at the end of term life insurance?

If you have a level term life insurance policy, you will not get any maturity benefits since the coverage will expire at the end of the policy term. In this case, only if the policyholder passes away during the policy term, the death benefit will be paid out to their beneficiaries.

Term plans with return of premiums, however, do offer the total premiums paid as a return at the end of the policy term. If the policyholder survives the policy term, they can claim the maturity benefit.
What is the best age to get life insurance?

One should purchase life insurance as early as possible so that they can benefit from lower premiums. Though it is possible to have a life insurance plan later in life, the policy premiums will be higher as an older age is associated with health risks. When you are young, there is a lower risk of health issues and therefore, the premiums will be lower.
Is it too late to get life insurance at 50 years of age?

Though it is advisable to purchase life insurance as early as you can, you can still avail of a new life insurance policy at the age of 50 years. However, given the higher age of the insured, the policy premiums will also be higher due to the risk of health conditions.
Does life insurance offer tax benefits?
Life insurance plans offer the following tax^## benefits:
- Under Section 80C of the Income Tax Act, the policy premiums paid for the life insurance policy qualify for tax deductions.
- The death benefits offered by the life insurance policy are exempt from taxes under Section 10(10D) of the Income Tax Act.
- Health rider premiums, if any, paid towards the life insurance plan qualify for tax deductions under Section 80D of the Income Tax Act.
What is the difference between whole life and term life insurance?

The main difference between whole life and term life insurance is that whole life insurance, as the name suggests, provides life insurance coverage throughout the entirety of the policyholder’s life, while term insurance offers life insurance coverage only for a limited term or number of years, as selected by the policyholder.
What is the minimum & maximum age to buy life insurance?

The minimum entry age for buying life insurance is 18 years, while the maximum entry age could be between 65-75 years and may vary across different policies.
When should I buy a life insurance policy?

You can purchase life insurance at any stage of your life when you feel that you have upcoming financial responsibilities. It is also important to consider why you should buy life insurance. For instance, if you are the sole earning member of your family, a life insurance policy will ensure a financial backup for your beneficiaries in the event of your death, which will lead to a loss of income.

Most people purchase life insurance policy plans early in life to benefit from lower policy premiums.
Can a minor be appointed as a nominee in life insurance?

Yes, a child or a minor (below 18 years of age) can be appointed as a nominee for a life insurance policy. In case of a claim, an appointee chosen by the policyholder will file a claim on behalf of the minor nominee.
Is life insurance necessary for senior citizens?

Yes, senior citizens should have a life insurance policy so that during their retirement years, they can protect their families in a number of ways. For instance, a whole life insurance plan can offer extended coverage to all the family members till the insured reaches 100 years of age.

If they have a savings insurance plan or a retirement insurance plan, it can offer payout benefits as a regular income to the retired policyholder and their family, thus helping them sustain themselves financially and achieve their financial goals.
How do I find the best life insurance policy?

To find the best life insurance policy, you should first ascertain the needs of your family members and how much financial support they will need in your absence. According to their requirements, you can choose a reputed life insurance provider that offers a policy and a flexible sum assured that covers these needs. If you buy a life insurance policy online, you can compare different plans on the official website of your insurance provider to select the best life insurance policy for your family and yourself.
What if I become an NRI after purchasing a life insurance plan?

If you buy a life insurance plan in India and then become an NRI, your life insurance policy will remain active as long as you pay the premiums through a Non-Resident Ordinary (NRO) account in Indian currency. Hence, the active life insurance policy will continue offering life insurance coverage to your family or beneficiaries in India. In the event of your death during the policy term, your nominee can file the claim in India or from abroad and the benefits will be offered to your family or nominee.
Who Should Buy a Life Insurance Plan?
- Young Adults: As a young adult, one should have a life insurance policy so that they can prepare for future financial responsibilities and avail of lower policy premiums. Even though the current situation may not need life insurance protection, a young individual should plan for their future.
- New Families: Newly married couples or new parents should avail of a life insurance policy since they may have one or more dependents such as aged parents and/or young children. Since the financial obligations are greater, life insurance can help protect your family in case of a misfortune.
- People with Home Loans: If you have purchased a new home and are paying off the EMIs along with others bills, a life insurance policy can help you safeguard your family from these financial obligations in your absence. The sum assured of the policy can assist your loved ones in paying off any pending loans and debts.
- Business Owners: People who have just started their own business or are growing their venture should get life insurance plans. This is because losses to the business in your absence can impact your family. In such a situation, your life insurance policy can help safeguard your family and your business.

Do life insurance policies offer only death benefits?

No, some life insurance policies offer death benefits as well as maturity benefits, payable to the policyholder on the maturity of the policy.
What types of deaths are covered by life insurance policies?

Tata AIA Life Insurance policies cover all types of deaths, including death by suicide. However, the terms and conditions for different types of deaths will vary.
Can I have multiple life insurance policies at once?

Yes, you may choose to have multiple life insurance policies at once. However, paying the premiums for so many policies can be very expensive, so it is advisable to have a comprehensive life insurance plan for yourself and your whole family, which can be much more cost-effective.
When can I add a rider to my life insurance plan?

You can add a rider¹ to your life insurance plan at the time of the policy inception or during the policy anniversary while renewing the policy.

How to pay the life insurance online premium on a policy?

You can pay the life insurance premium online through any of the digital payment options available on the Tata AIA Life Insurance website after you purchase or renew your life insurance policy.
What are the premium payment modes when you buy a life insurance policy online?

You can opt for single premium pay, limited pay or regular pay for your life insurance policy as per the offering of the plan. Do note that not all plans may offer all three premium payment modes.
Will my life insurance lapse if I stop paying the premiums?

If you do not pay your policy premiums for two years within the grace period, the policy will lapse and no benefits will be payable on the policy.
Do I have to continue paying the premiums if I surrender the policy?

Once you surrender your policy, your life insurance benefits will end immediately, terminating the coverage. Therefore, there will be no more premium payments. It is not advisable to surrender your policy so that you and your family can be protected throughout the policy term.
How do I pay affordable premiums for my life insurance plan?

To be able to pay affordable premiums on your life insurance plan, ensure that you choose coverage that is not too expensive or inadequate. You can also calculate your life insurance premiums on a life insurance premium calculator and compare plans to opt for reasonable premiums.

Can I file a claim during the policy term?

If you file a death claim, then this should take place if the policyholder dies during the policy term. If you want to file a maturity claim, you will need to do it once the policy matures.
What is a maturity claim in life insurance?

A maturity claim is a claim you file when your policy matures and you are eligible to claim the benefits, which could be the guaranteed savings from the life insurance plan. These will be paid out to you in the form of a lump sum benefit or as a regular income, as per your choice.
Can you file multiple claims in a life insurance policy?

No, you can only file one death claim and one maturity claim (where applicable) on your life insurance policy. However, if you do have a health rider, you will be allowed to file claims for minor stage and major stage cardiac diseases and cancer, as mentioned in the rider document.
Will a life insurance death claim be payable if someone other than my nominee files the claim?

No, only the nominee mentioned on the policy document by you is eligible to file the death claim and receive the death benefits.
How to file a life insurance claim?
To file a claim, reach out to us through any of the following channels.
- Email us at: customercare@tataaia.com
- Call our helpline number - 1860-266-9966 (local charges apply)
- Walk into any of the Tata AIA Life Insurance Company branch offices
- Write directly to us at:
  
  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

Disclaimers
- ¹72,34,092 families protected till Mar’23.
- ²On enrolling into the wellness Program, you get an upfront discount of 5% on first year premium for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care Benefits and of 10% on first year premiums of the other benefit options. The rewards are offered on cumulative basis and in any year, the maximum rewards in view of both the upfront rewards and annual rewards flex together shall be 15% for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care and 30% for all other benefit options. Discount is driven by accumulated points which is achieved through wellness status. Please refer policy document for more details. Vitality is a trademark licensed to Tata AIA Life by Amplify Health Assets PTE. Limited, a joint venture between Vitality Group International, INC. and AIA Company Limited. The assessment under the wellness program shall not be considered as a medical advice or a substitute to a consultation/treatment by a professional medical practitioner.
- ³Available under Regular Income with an Inbuilt Critical Illness Benefit option.
- ⁴Riders 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.
- ⁵Market-linked returns are subject to market risks and terms & conditions of the product. The assumed rate of returns or illustrated amount may not be guaranteed and depends on market fluctuations.
- ⁶Individual Death Claim Settlement Ratio is 99.01% for FY 2022-23 as per the latest annual audited figures.
- ⁷Families protected from inception till date.
- ⁸Retail Sum Assured for FY2023 is Rs 4,43,479 Crores
- ⁹As on 30th April 2023, the company has a total Assets Under Management (AUM) of Rs. 73,538.61 Crores
- ¹⁰Applicable to only non-early claims more than 3 years of policy duration, non-investigation cases, up to Sum assured of 50 lacs. Applicable for branch walk in. Time limit to submit claim to Tata AIA by 2 pm (working days). Subject to submission of complete documents. Not applicable to ULIP policies and open title claims.
- ¹¹The word Guaranteed, and Guarantee means the annuity payout is fixed at inception of the policy and will be payable for whole of life or till death of the Annuitant(s).
- ¹²Return of Purchase price means return of all premiums paid excluding any extra premium, any rider premium, taxes and other statutory levies, if applicable
- ¹³Get security on investment by having premium in the form of Regular Income or Lumpsum benefit through Tata AIA Life Insurance Smart Income Plus (UIN:110N126V05)
- ¹⁴Guaranteed is applicable only if all due premiums are paid and the policy is inforce.
- ¹⁵Liquidity through partial withdrawal from ULIP funds after completion of 5 years
- ¹⁶Under SurgiCash Benefit of the Tata AIA Sampoorna Health Rider, the payouts are offered basis the categories of surgeries: 10% of sum assured up to Rs. 50,000 for day care procedures such as eye cataract, nasal sinus operation, 25% on Category 1 surgeries, like Amputation of foot or hand, 50% on Category 2 surgeries, like knee or hip replacement, 75% on Category 3 surgeries, like Angioplasty, and 100% on Category 1 surgeries, like CABG.
- ¹⁷Under CritiCash Benefit of the Tata AIA Sampoorna Health Rider, Benefit payouts for multistage critical illnesses are offered depending on the category of the illness. For minor critical illnesses such as cardiac arrest, angioplasty, Early-stage cancer etc, the payout will be 25% of sum assured. For major critical illnesses such as Heart attack, Major head trauma, Parkinson’s disease, Alzheimer’s disease etc., the payout will be 100% of sum assured. For a catastrophic illness like end stage cancer or major organ/bone marrow transplant, the payout will be 150% of sum assured.
- ¹⁸On enrolling into the Wellness Program, you get an upfront discount of 5% on 1st year premium for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care Benefits and of 10% on 1st year premium for Term Booster, CritiCare Plus, Accelerated CritiCare, Multistage CritiCare, Cancer Care, Cardiac Care. The rewards are offered on cumulative basis and in any year, the maximum rewards in view of both the Up-front Rewards and Annual Rewards Flex together or Cover Booster (applicable post premium payment Term) shall be 15% for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care and 30% for all other benefit options. Discount is driven by accumulated points which is achieved through wellness status. Please refer policy document for more details.
- ¹⁹Applicable for specific plan options. Please refer brochure for additional details.
- ²⁰Sample illustration: 20 yr old female, standard life, non-smoker for 1 Cr Life Cover with Policy Term of 20 yrs (Regular Pay) under Life Option. Premium shared is the monthly premium with Tata AIA Vitality discount for the 1st year and excludes taxes. 2nd year onwards premium will vary basis Vitality Status. Tata AIA SRS Vitality Protect is a term solution which includes Tata AIA Life Insurance Sampoorna Raksha Supreme, a non-linked, non-participating, individual life insurance plan (UIN: 110N160V04) and Tata AIA Vitality Protect, a non-linked, non-participating, individual health rider (UIN: 110B046V02).
- The complete name of Tata AIA Sampoorna Raksha Supreme is Tata AIA Life Insurance Sampoorna Raksha Supreme (UIN:110N160V04) - A Non-Linked Non-Participating Individual Life Insurance Plan
- The complete name of Tata AIA Fortune Pro is Tata AIA Life Insurance Fortune Pro (UIN: 110L112V06) - Unit Linked Individual Life Insurance Savings Plan.
- The complete name of Tata AIA Fortune Guarantee Plus is Tata AIA Life Insurance Fortune Guarantee Plus (UIN: 110N158V11) - Non-Linked, Non-Participating, Individual Life Insurance Savings Plan.
- The complete name of Tata AIA Saral Pension is Tata AIA Life Insurance Saral Pension (UIN: 110N159V07) - A Single Premium, Non-Linked, Non-Participating, Individual, Immediate Annuity Plan
- The complete name of Tata AIA Fortune Guarantee Pension Plan is Tata AIA Life Insurance Fortune Guarantee Pension Plan (UIN:110N161V07) - A Non-Linked, Non-Participating, Annuity Plan
- Tata AIA Fortune Guarantee Supreme (UIN: 110N163V05) - Individual, Non-Linked, Non-participating, Life Insurance Savings Plan
- Tata AIA i Systematic Insurance Plan (UIN: 110L164V02) - Unit Linked Individual Life Insurance Savings Plan
- Tata AIA Smart Health (UIN: 110L168V02) - Unit Linked, Non-participating, Individual Health Insurance Plan
- ⁺⁺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 as per old tax regime. 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.
- *Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for 1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Option. Please refer Benefit Illustration for more details. Premium is 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.
- **Under 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, provided the life assured survives till maturity and the policy is not terminated earlier.
- ⁺5 year computed NAV for Multi Cap Fund as of June’2023. Other funds are also available.
- ^All funds open for new business which have completed 5 years since inception are rated 4 or 5 star by Morningstar on a 5 year basis as of Mar’2023.
- ^~~©2020 Morningstar. All rights reserved. The Morningstar name is a registered trademark of Morningstar, Inc. in India and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited (“Morningstar); (2) may not be copied, redistributed or used by any means, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from the data published on various dates and procured from various sources and (5) shall not be construed as a n offer to buy or sell any security or other investment vehicle. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates or agents shall be responsible or liable for any traducing decisions, damages or other losses resulting directly or indirectly from the information
- ^#Illustrated Income Rates (Internal rate of return – IRR) is for Rs. 5 lakh annual premium for Male/Female, age up to 50 years, standard life. Premium & IRR is excluding taxes for premium paying term of 10 years for policy term of 14 years and income term of 30 years. Internal Rate of Return will change subject to change in the combination of entry age, gender, Plan Option, Policy Term, Premium Paying Term, Premium Paying Frequency, Income Benefit Pay-out Frequency, Lump Sum benefit. IRR is a discount rate that makes the net present value (NPV) of all cash flows equal to zero in a discounted cash flow analysis.
- ^##Illustrated annuity rate (IRR) is for joint life where one of the annuitant is 60 years of age while the other is 69 or above for plan type - Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor. IRR is a discount rate that makes the net present value (NPV) of all cash flows equal to zero in a discounted cash flow analysis.
- ^{^^}Guaranteed Income shall be a fixed percentage of the Annualised Premium / Single Premium (excluding discount) payable in a year. Guaranteed Annual Income as per the chosen Income Frequency shall commence after maturity till the end of the Income Period, irrespective of survival of the life insured(s) during the Income Period.
- ^~Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. For ULIP policies, maturity income will be taxable if annual aggregate premium exceeds ₹2.5 Lakh in a financial year. For non ULIP insurance policies, maturity income will be taxable if annual aggregate premium exceeds ₹5 Lakh in a financial year. Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
- ^%Return of Premium Benefit is The Total Premiums Paid (excluding loading for modal premiums and discount) by the policyholder will be payable at the end of the Income Period, irrespective of survival of the life insured(s) during the Income Period.
- ^$The word Guaranteed and Guarantee means the annuity payout is fixed at inception of the policy and will be payable for whole of life or till death of the Annuitant(s).
- Insurance cover is available under this product. This product is underwritten by Tata AIA Life Insurance Company Limited. The plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance. This product will be offered to Standard lives only.
- For ULIP products
  
  IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE LINKED INSURANCE PRODUCT DO 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.
  
  Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Please know the associated risks and the applicable charges, from your Insurance Agent or Intermediary or Policy Document issued by the Insurance Company.
  
  The fund is managed by Tata AIA Life Insurance Company Ltd. 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.
  
  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).
  
  Investments 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 make your own independent decision after consulting your financial or other professional advisor.
  
  Tata AIA Life Insurance Company Limited is only the name of the Insurance Company, Tata AIA Life Insurance Fortune Pro, Tata AIA I Systematic Insurance Plan, Tata AIA Life Insurance Smart Sampoorna Raksha are only the names of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns. 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. The underlying Fund's NAV will be affected by interest rates and the performance of the underlying stocks.
  
  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.
  
  Premium paid in the 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.
  
  Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document issued by the Insurance Company.
- L&C/Advt/2023/Sep/3190