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Tata AIA Life Insurance Diamond Savings Plan

Non Linked Participating Life Insurance Plan

UIN: 110N133V01

Every individual has different needs at different stages of life. At Tata AIA Life, we believe in protecting your dreams at various stages of life without compromising on your needs through financial resources. You do not have to think twice to live your dreams.

We present to you, Tata AIA Life Insurance Diamond Savings Plan, a limited pay insurance plan that meets tomorrow's requirements along with protecting your loved ones. Investing in this plan will help you fulfill your medium and long term goals, such as child’s education / second income and retirement planning.


Tata AIA Life Insurance Diamond Savings Plan Features

  • Receive Guaranteed Income* after Premium Payment Term;
  • Receive vested Compound Reversionary Bonus and Terminal Bonus#, if any; on maturity or on death
  • Pay for 8 or 12 years for Policy Term of 18 or 25 years respectively;
  • Get life cover for the entire Policy Term;
  • Enhance your protection with optional Riders^
  • Eligible for tax benefits ^^under Section 80C and 10(10D) of the Income Tax Act, 1961, as amended from time to time.


Tata AIA Life Insurance Fortune Guarantee Eligibility

Eligibility Criteria:
Min Entry Age ( Age as on last birthday) 0 Years
Max Entry Age ( Age as on last birthday) 50 Years
Min/ Max Maturity Age ( Age as on last birthday) Min:  18 years
Max: 75 years
Policy Term (PT) / Premium Payment Term (PPT)/ Income Term
PPT PT Income Term
8 18 10
12 25 13
Income Mode Yearly
Premium Provisions:
Premium Mode Yearly | Half Yearly |Quarterly | Monthly
Modal loading is as follows:
Annual: Multiply Annual Premium Rate by 1 (i.e. No loading).
Half- Yearly: Multiply Annual Premium Rate by 0.51 (i.e. loading of 2%).
Quarterly: Multiply Annual Premium Rate by 0.26 (i.e. loading of 4%).
Monthly: Multiply Annual Premium Rate by 0.0883 (i.e. loading of 6%).
Min Premium (Annualised Premium) Rs. 18,000 (in multiples of 1000)
Max Annualised Premium No Limit, subject to underwriting
Starting Point Premium is the starting point
Sum Assured Provisions:
Min /Max Basic Sum Assured (BSA) Depends on Min/Max premium
11 times the Annualised Premium


  • * A Guaranteed Income of 20% or 25% of Assured Benefit shall be paid annually commencing from the end of policy year 9 or 13, for premium payment term 8 or 12 respectively and shall be payable till maturity of the Policy or till death of the Life Insured, whichever is earlier
  • #Compound Reversionary Bonus and Terminal Bonus will be based on Company’s performance and are not guaranteed.
  • 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 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.
  • This product will be offered only to Standard lives.
  • ^^Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. 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 benefit available to you.
  • All Premiums, Charges , and interest payable under the policy are exclusive of  applicable  taxes, duties, surcharge, cesses or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium, charges or interest. 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. L&C/Advt/2018/Mar/133
  • ^ Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider (110B028V01) and Tata AIA Life Insurance Waiver of Premium Plus Rider (110B029V01) are available under this product. Riders are not mandatory and are available for a nominal extra cost. For more details on the benefits, premiums and exclusions under the riders please refer to the Rider Brochure or contact our Insurance Advisor or visit our nearest branch office.
  • For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.

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 Company 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 Visit us at: or SMS 'LIFE’ to 58888.


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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  • Daily balance Upto Rs. 1 Lakh 4 %
  • Daily balance above Rs. 1 Lakh & upto (& including) Rs. 10 Lakhs 5 %
  • Daily balance above Rs.10 Lakhs 6 %

  • Above 1 year 4 months to below 2 years 7.25 %
  • Indus Tax Saver Scheme - 5 years (upto Rs 1.5 lacs) 7.15 %
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