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Tata AIA Life Insurance Smart Income Plus


A Non-Linked, Non-Participating, Endowment Assurance Plan

Tata AIA Life Insurance Smart Income Plus, a limited pay income plan that meets tomorrow's requirements along with protecting your loved ones and dreams as it ensures you of guaranteed returns1 for the money invested.

Investment in this plan helps you fulfill your medium to long term goals such as Child’s Education/ Marriage / Business Start-up and Retirement planning.

1Conditions apply


Tata AIA Life insurance Smart Income plus Benefits

  • Flexibility to choose between Regular Income or Endowment options
  • Receive Guaranteed Payouts from 120% to 160%1 of the Annualised Premium plus Lump sum on maturity
  • Pay for 7/10/12 years, get guaranteed life cover for 10/21/25 years respectively
  • Enhance your protection with optional Riders2
  • Better benefit for female lives
  • Gain more with Large premium Boost
  • Receive tax benefits3 u/s 80C and 10(10D), as per the applicable Income Tax laws


Tata AIA Life insurance Smart Income plus Eligibility

Plan Options Option I: Regular Income 
Option II: Endowment
The options can be chosen at the inception of the Policy
Plan Parameters Minimum Maximum
Age at Entry (years)4 3 50
Age at Maturity (years)4 18 For PT 15: 65
For PT 21: 71
For PT 25: 75
Policy Term (PT) (years) 15 /21 / 25
Premium Payment Term (PPT) (years) 7 for PT 15 / 10 for PT 21 /12 for PT 25
Basic Sum Assured 11 times Annualised Premium
Premium (Rs.)
(Premium in multiples of 1000)
For Option I: 18,000
For Option II: 36,000
No Limit subject to Board approved underwriting policy
Premium Payment Mode Annual/ Half-yearly / Quarterly/ Monthly

4All reference to age is as on last birthday.


  • 1Guaranteed Returns are defined as Guaranteed Payout (GP)/ Guaranteed Maturity Payout (GMP) under both Plan Options. For Regular Income option, GP is 120% to 160% of the Annualised Premium (AP) and GMP is 46% to 405% of AP for male lives and 74% to 408% of AP for female lives. Please refer survival benefit factor under regular income option. For Endowment option, GP is 5.26 to 15.03 times of AP for Male lives and 5.36 to 15.04 times of 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 under both the plan options will depend on premium payment term, age and gender of the Life Insured.
  • 2Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider and (UIN:110B028V01) and Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider (UIN:110B029V01) are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Riders, please contact Tata AIA Life's Insurance Advisor/ branch.
  • 3Tax 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.
  •  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.
  • Insurance cover is available under this product.
  • 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.
  • This plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.
  • In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.

UIN:110N126V02 L&C/Advt/2017/Apr/097

INDUSIND Bank Limited (1749817) 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.


For any information including cancellation, claims and complaints, please contactour Insurance Advisor or visit Tata AIA Life’s nearest branch office or call 1-860-266-9966 (local charges apply) or write to us at Visit us at: or SMS 'LIFE’ to 58888.


Tata AIA Life Insurance Company Ltd. (IRDA of India Regn. No.110)
CIN No. U66010MH2000PLC128403
Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg,
Lower Parel, Mumbai - 400013

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  • Daily balance upto Rs.10 Lakhs 4 %
  • Daily balance above Rs.10 Lakhs and upto Rs.1 Crore 5 %
  • Daily balance above Rs.1 Crore and upto Rs 10 Cr 5.5 %
  • Daily balance above Rs.10 Crore 6 %

  • 1 year to 1 year 2 months 6.85 %
  • Indus Tax Saver Scheme - 5 years (upto Rs 1.5 lacs) 6.5 %
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