Tata Aia Life Insurance PLANS

8/11/2019 Tata Aia Life Insurance PLANS

1/5

PROTECTION PLANS

1. Tata aia life insurance Maha Raksha Supreme (new launched):

Pure Protection Cover- the simplest form of life insurance cover

Choose an option to enhance your protection cover in the futureo With Life Stage Plus Option, you can increase cover at future milestone events in your life

without the hassles of fresh medical underwriting

Inbuilt Payout Accelerator Benefit advances 50% of Basic Sum Assured in the event of aTerminal Illness diagnosis, to help with expenses when needed most

Pay as Single Premium or as Regular premiums to suit your convenience

Discounted rates for female lives

Discounted rates for a non-smoking lifestyle

Tax benefits u/s 80C & 10(10D) of the Income-Tax Act, 1961.

2. Tata aia life insurance Secure 7:

Pay for just 7 years and receive a Guaranteed Annual Income* for the next 7 years

Protection against uncertainties of life for the entire policy term

Protection of the Guaranteed Annual Income against erosion due to inflation

On maturity, 25% of the Basic Sum Assured is payable

Tax Benefits available under Section 80C and 10 (10D)

*Guaranteed Annual Income payment will begin from the 8th policy anniversary and will

continue till the 14th policy anniversary, provided the policy is in force and all due premiums

have been paid.

3.

Tata aia life insurance MahaLife Supreme endowment insurance plan:

Limited premium payment endowment plan with Guaranteed Annual Income ^

Choose between 2 options - based on Policy Term and Premium Payment Term as per yourrequirement of savings outflow and required income inflow

Steady and Guaranteed Annual Income^ to provide a regular inflow of funds

On maturity, lump sum amount payable as a percentage of Basic Sum Assured as well asapplicable Guaranteed Annual Income^

Tax Benefits available under Section 80C and 10 (10D)

^Guaranteed Annual Income will start from the end of 16th policy year for option A and from

the end of 13th policy year for option B. Option A and Option B are based on Policy Term and

Premium Payment Term.


2/5

4. Tata aia life insurance iRaksha TROP term insurance plan:

One plan- two benefitso Protection - life insurance coverage against unfortunate demise

o Return of Premiumin case of survival till maturity, returns Total Premiums Paid1

Choice of premium payment to suit your convenienceo Regular Paypay premium till end of chosen policy term

o Limited Pay pay premium for a limited period of 5 or 10 years and stay covered for a longerperiod

o Single Paypay premium once for coverage over the entire policy term chosen

Benefit from a healthier lifestyle through preferential Premium Rates for Non-Smokers.

Female customerscan avail the benefit of lower rates

Discount on rates for customers opting for higher level of protection

Tax benefitsu/s 80C & 10(10D) of the Income-Tax Act, 1961

1Total Premiums Paid means amount equal to the total premiums paid during the premium

paying term of the policy. Such amount should be excluding interest, tax, underwriting extrapremium and loading for modal premiums, if any.

5. Tata aia life insurance iRaksha Supreme term insurance plan:

Life Protectionprovides financial protection against unfortunate demise of the insured

Choice of premium payment to suit your convenience

Regular Paypay premium till the end of chosen policy term

Limited Pay pay premium for a limited period of 5 or 10 years and stay covered for a longer

period

Single Paypay premium once for coverage over the entire policy term chosen

Benefit from a healthier lifestyle through preferential Premium Rates for non-smokers.

Female customers can avail the benefit of lower ratesRate benefits for customers opting for higher level of protection (Sum Assured of 75 Lacs &

above)

Tax benefits u/s 80C & 10(10D) of the Income-Tax Act, 1961


3/5

SAVINGS PLANS

1. Tata AIA Life Insurance MahaLife Gold Plus (new launch):

Enjoy a lifelong coverage up to age 85 by paying premium only for 15 years

Added benefit of enhancement in your protection by way of an Inflation Protection Cover duringthe policy term

Plan your legacy by ensuring regular income for yourself and your family for a long period of

time

Guaranteed Annual Coupons* from 10th

to 30th

policy anniversary

Non Guaranteed Cash Dividends annually from 6th

policy anniversary till maturity

Receive a lump sum at maturity in addition to the regular income

*Guaranteed Annual Coupons

Guaranteed Annual Coupons will be payable at every policy anniversary starting from the 10th

policy anniversary till 30th policy anniversary or till death of Insured, whichever is earlier,provided the policy then is in force. The rate of these coupons is based on the Basic Sum

Assured chosen by you.

Basic Sum Assured ( )Guaranteed Annual Coupon Rate

(per 1,000 Basic Sum Assured)

Less than 5,00,000 55

5,00,000 to 9,99,999 60

10,00,000 and above 65

2. Tata AIA Life Insurance MahaLife Gold (new launch):

Enjoy a life long coverage up to age 85 by paying premium only for 15 years

Plan your legacy by ensuring regular income for yourself and your family for a longperiod of time

Guaranteed Annual Coupons starting from 10th policy anniversary till maturity

Non Guaranteed Cash Dividends annually from 6th policy anniversary till maturityReceive a lump sum at maturity in addition to the regular income

Tax benefits u/s 80C and 10 (10D) of the Income -Tax Act, 1961

3. Tata AIA Life InsuranceMahaLife Magic:

Pay for just 9 years and receive a lump sum amount at maturity

Bonuses to augment your maturity amount

Potential for upside with the bonus components

Protection against uncertainties of life for the entire policy term

Tax Benefits available under Section 80C and 10 (10D) of the Income-Tax Act, 1961


4/5

4. Tata AIA Life InsuranceMoney Maxima:

Flexible policy terms to achieve specific time bound goals Guaranteed Loyalty Addition to further augment your savings

Life coverage throughout the policy term

Maturity Benefit of Basic Sum Assured along with Bonuses and Guaranteed LoyaltyAddition

Tax benefits u/s 80C & 10(10D) of the Income-Tax Act, 1961


5/5

GROUP INSURANCE

1.

Tata AIA Life InsuranceGroup Total Suraksha

Insurance Cover for death of Insured Member

Reducing Sum Assured or Level Sum Assured options

Attractive group premium rates

Simple enrollment process

Single premium payment

Insurance coverage linked to the loan amount

Option to offer coverage for co-borrower of loan

24/7 worldwide coverage

No waiting period - Coverage from day one

Tax exemption under section 80 C of Income Tax Act 1961

Simple & Faster Claim Process

2.

Tata AIA Life InsuranceGroup Term LifeProtection against unforeseen and unfortunate event of death

Simple enrolment: Easy to fill enrolment form, no extra documentsEasy premium payment

Simple and faster claim processing

Coverage 24-hours-a-day, 7-days-a-week, anywhere in the worldTax exemption for premium paid under Section 80C of the Income Tax act, 1961 for

individual group members

Documents

Tata Aia Life Insurance PLANS