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  3. Saral Pension

Product Overview

A Single Premium Non-Linked, Non-Participating, Individual, Immediate Annuity Plan
 (UIN: 110N159V09)

Your retirement years are your second innings, a new life where you leave behind your working life and find time for yourself. During this time, you want to be empowered to do all that you could not while working – going on vacations, fulfill your dreams, pursue hobbies, spending time with friends and family, pilgrimage etc. However, to enable yourself to have a worry free retirement, you need to plan right, so that you can truly enjoy your golden years.

Presenting, Tata AIA Life Insurance Saral Pension that helps you gain financial freedom during your second innings. The plan offers you regular income to help you manage your expenses post retirement. 

Key Benifits

  • Flexible annuity options to meet your future needs
    • Life Annuity with Return of 100% of Purchase price (ROP)
    • Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor
  • Option of Single or Joint Life annuity
  • Flexibility to choose the Annuity Payouts mode 

  • The complete name of Tata AIA Saral Pension is Tata AIA Life Insurance Saral Pension (UIN: 110N159V098) - A Single Premium, Non-Linked, Non-Participating, Individual, Immediate Annuity Plan
  • Tax benefits of up to ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000. Tax benefits under the policy are subject to conditions laid under Section 80C, 80D,10(10D), 115BAC and other applicable provisions of the Income Tax Act,1961. Good and Service tax and Cess if any will be charged extra as per prevailing rates. The Tax-Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
  • 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.
  • Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Life Insurance Saral Pension is only the name of the Life Insurance.
  • 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.
  • For more details on risk factor, terms, and conditions under the product, please read Sales brochure carefully before concluding a sale
  •  L&C/Advt/2024/Mar/0646

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 at 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 use customercare@tataaia.com. Visit us at: www.tataaia.com • 

L&C/Advt/2025/Feb/0911

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS
IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

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