1. Personal
  2. Insurance
  3. Tata AIA Life Insurance Smart Income Plus

Overview

A Non-Linked, Non-Participating, Individual Life Insurance Savings Plan

We, at Tata AIA Life, 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 Payouts*.

We present to you, 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 returns* 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.

Key Features

  • Flexibility to choose between Regular Income or Endowment options
  • Under Regular Income Option:
      ○ Receive Guaranteed*payouts along with Maturity Benefit
      ○ Option to choose income start year and number of years you want to receive income for
  • Under Endowment option:
      ○ Receive two guaranteed* payouts - in the year preceding maturity and on maturity
  • Life cover throughout policy term
  • Choose a premium payment term between 5 to 15 years for regular Income option and between 5 to 30 years for endowment option to get guaranteed* life insurance coverage.
  • Enhance your protection with optional Riders1
  • Preferential benefits for female lives
  • Receive tax benefits as per the applicable Income Tax laws2

Tata AIA Life Insurance Smart Income Plus Feature

  • Flexibility to choose between Regular Income or Endowment options
  • Receive Guaranteed Payouts* ranging from 120% to 160% of the Annualised Premium
  • Pay for 7/10/12 years, get guaranteed life cover for 15/21/25 years
  • Enhance your protection with optional Riders1
  • Higher benefit for female lives
  • Receive tax benefits u/s 80C and 10(10D), as per the applicable Income Tax laws2

  • The complete name of Tata AIA Smart Income Plus is Tata AIA Life Insurance Smart Income Plus (UIN:110N126V05) - A Non-Linked, Non-Participating, Individual Life Insurance Savings Plan
  • *Guaranteed Payout (GP) is a ¬fixed percentage of the Annualized Premium and shall be payable annually from income start year in case of Regular income option and at the end of policy year preceding the year of Maturity in case of Endowment option. Guaranteed Maturity Pay-out (GMP) is a percentage of the Annualised Premium and shall be payable at maturity.
  • 1Riders are not mandatory and is 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.
  • 2Income 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 on this site. Please consult your own tax consultant to know the Tax Benefits available 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 all the Premiums Paid.
  • his product is underwritten by Tata AIA Life Insurance Company Ltd. This 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.
  • In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
  • For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale.

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.
Tata AIA Life Insurance Company Limited (IRDAI Regn. No.110 • CIN: U66010MH2000PLC128403). Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013. Trade logo displayed above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Ltd under a license. For any information including cancellation, claims and complaints, please contact our Insurance Advisor/ Intermediary or visit Tata AIA Life’s nearest branch office or call 1-860-266-9966 (local charges apply) or write to us at customercare@tataaia.com. Visit us at: www.tataaia.com UIN: 110N126V05

L&L&C/Advt/2023/Aug/2768