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Overview

Tata AIA Life Insurance Secure 7 Overview

UIN: 110N107V01

We, believe in protecting your dreams at various stages of life without compromising on your basic needs through financial resources. You do not have to think twice to live your dreams as they now come with guaranteed resources for the future, protecting you from uncertainties of life.

We bring to you, Tata AIA Life Insurance Secure 7, a limited premium paying Non-Linked Non-Participating Endowment Assurance Plan that meets tomorrow's requirements along with protecting your future, loved ones and dreams as it ensures you of guaranteed returns for the money invested.

L&C/Advt/2015/Oct/526

Features

Tata AIA Life Insurance Secure 7 Features

  • Pay for just 7 years and receive a Guaranteed Annual Income* for the next 7 years
  • Protection against uncertainties of life for the entire policy term
  • Protection of the Guaranteed Annual Income against erosion due to inflation
  • On maturity, 25% of the Basic Sum Assured is payable
  • Tax Benefits available under Section 80C and 10 (10D)

 

*Guaranteed Annual Income payment will begin from the 8th policy anniversary and will continue till the 14th policy anniversary; provided the policy is in force and all due premiums have been paid.

Eligibility

Tata AIA Life Insurance Secure 7 Eligibility

Plan Options  
Min entry age 18 years
Max entry age 55 years
Max maturity age 69 years
Policy Term 14 years
Premium Payment Term 7 years
Minimum Premium Rs. 40,000* p.a.
Minimum Basic Sum Assured Rs. 250,000 (subject to minimum premium criteria and in multiples of Rs.1000)

* Premiums are excluding service tax.

Increase / Decrease in Basic Sum Assured is not allowed.

You may choose to pay your premiums in Annual, Semi-annual, Quarterly or Monthly mode as per your convenience.

 

Modal loading is as follows:

Annual Premium Rate No loading
Semi-Annual Premium Rate Multiply Annual Premium Rate by 0.51
Quarterly Premium Rate Multiply Annual Premium Rate by 0.26
Monthly Premium Rate Multiply Annual Premium Rate by 0.0883

Disclaimer

  • Insurance is the subject matter of the solicitation.
  • This product is underwritten by Tata AIA Life Insurance Company Limited.
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
  • Tax benefits and liabilities under the Policy are subject to prevailing tax laws. Tax laws and the benefits arising thereunder are subject to change. The Policyholder is advised to seek an opinion of tax advisor in relation to the tax benefits and liabilities applicable
  • All Premiums are subject to applicable taxes, cesses & levies which will entirely be borne by the Policyholder and will always be paid by the Policyholder along with the payment of Premium. If any imposition (tax or otherwise) is levied by any statutory or administrative body under the Policy, Tata AIA Life Insurance Company Limited reserves the right to claim the same from the Policyholder. Alternatively, Tata AIA Life Insurance Company Limited has the right to deduct the amount from the benefits payable by Us under the Policy.
  • Past performance is not indicative of future performance.
  • In case of sub-standard lives, extra premiums will be charged as per our underwriting guidelines.
  • Insurance cover is available under this product.

INDUSIND Bank Limited (CA0001)is the Corporate Agent of Tata AIA Life Insurance Company Limited and does not underwrite the risk or act as an insurer. INDUSIND Bank Limited, 2401, Gen. Thimmayya Rd., (Cantonment), Pune - 411001. Participation by the Bank’s clients in the insurance products is purely on a voluntary basis. The contract of insurance is between Tata AIA Life and the insured and not between the bank and the insured.

Beware of Spurious Phone calls and Fictitious/Fraudulent offers:
IRDA of India clarifies to public that

  • IRDA of India or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDA of India does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
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  • SAVINGS RATES

  • Daily balance upto 5 lac 4 %
  • Daily balance above 5 lac and upto 10 lac 5 %
  • Daily Balance above 10 lac 6 %
  • DEPOSIT RATES

  • 1 year to 1 year 2 months 7.15 %
  • Indus Tax Saver Scheme - 5 years (upto Rs 1.5 lacs) 6.75 %
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