Tata AIA Life Insurance Smart Income Plus

UIN:110N126V03

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 Payouts¹ ranging from 120% to 160% 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

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
• ⁵Premium is excluding applicable taxes, cesses and levies. 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.
• 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:110N126V03 L&/Advt/2017/Dec/449

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.

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 or SMS 'LIFE’ to 58888.