Overview

Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan
(UIN: 110N126V07)

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.

Presenting, Tata AIA Life Insurance Smart Income Plus, 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 two plan options - Regular Income or Endowment 
  • Under Regular Income Option:
      ○ Receive guaranteed income 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 payouts1 - in the year preceding maturity and on maturity
  • Preferential benefit for female lives
  • Life cover throughout policy term
  • Enhance your protection with optional Riders2
  • Receive tax benefits3 u/s 80C and 10(10D), as per the applicable Income Tax laws

T&C Apply

  • 1Guaranteed 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.
  • The complete name of Tata AIA Life Insurance Smart Income Plus is Tata AIA Life Insurance Smart Income Plus (UIN: 110N126V07) - Non-Linked, Non-Participating, Individual Life Insurance Savings Plan.
  • 2Riders 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.
  • Tata AIA Vitality Protect - A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V04 or later), Tata AIA Vitality Health A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V03 or later), Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN: 110B033V04 or later), Tata AIA Life Insurance Non-Linked Comprehensive Health Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN: 110B031V03) are available under this plan. 
  • 3Tax 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 as per old tax regime. 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.
  • Insurance cover is available under the products.
  • Risk cover commences along with policy commencement for all lives, including minor lives.
  • 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.
  • The plans are not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.
  • For more details on risk factors, terms and conditions please read 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 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/0421

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

FD Rate FD Rate
FD Rate
Regular Fixed Deposit

up to 7.75% interest p.a

Senior Citizen

up to 8.25% interest p.a

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