Do you want to lead a better and secure life? Here is the solution for your problem. Tata AIA offers various types of savings plans for the customers. So check out the Tata AIA Savings Plans to buy so that you can lead a secure and happy life.
Tata AIA Savings Plans
Tata AIA Savings Plans are best plans for the customers. People who want to provide security to their family can buy one of these Saving Plans. Tata AIA Life Insurance Company has introduced this Plan to fulfil your future dreams, even if any uncertainties come on your way. By taking Tata AIA Life Insurance Plans, you can get a Secured Financial Future for you and your loved ones. Tata AIA Life Insurance Savings Plan is a Savings-Cum-Protection plan that aims to provide Secured Growth to your Savings. It also provides Protection to your Family in the case of Unfortunate Death.
As almost all of our Indian Families Depends on a Single Person. If Something happens to a Sole Earner, the whole family will be affected. To Protect the Family even in Uncertainties Tata AIA Life Insurance Company has introduced the Savings Plans. The Tata AIA Life Savings Plans Provide Safety and Security to your Family even in your Absence.
Tata AIA Life Insurance Saving Plans
Tata AIA Life Insurance Savings Plans have some unique features compared to other plans. Here we have provided the key features and benefits of Tata AIA Life Savings Plans.
Key Features of Tata AIA Savings Plans
- TataAIA Life Insurance Saving Plans protects the family at uncertainties.
- At the time of maturity, lump sum amount will be payable as the percentage of Basic Sum Assured(SA) as well as applicable Guaranteed Annual Income.
- The policyholder can attach a rider to get additional benefit.
- Tax Benefits available under this plan.
Tata AIA Savings Plans Benefits
Every saving plan provides some common benefits. The benefits under Tata AIA Life Insurance Savings Plans are
- Death Benefit.
- Maturity Benefit.
In the case of unfortunate/ sudden death of life Assured, the nominee will get the Death Benefit.
On survival of the policyholder until the end of the policy term, the life assured will get the Survival Benefit based on the specific plan.
Tata AIA Life Savings Plans
Tata AIA provides various types of Plans for the customers. In particular, there are totally 13 types of plans offered by the corporation. Here we have provided the list of Tata AIA Savings Plans. So go through the following segment to get the complete information.
- Smart Income Plus.
- Monthly Insurance Plan(MIP).
- Secure 7 Plan.
- MahaLife Supreme Plan.
- Fortune Guarantee Plan.
- Insta Savings Plan.
- Money Back Plus Plan.
- Smart 7 Plan.
- Smart Growth Plus Plan.
- MahaLife Gold Plus Plan.
- Tata AIA Life Insurance MahaLife Gold Plan.
- MahaLife Magic Plan.
- Money Maxima Plan.
Tata AIA Smart Income Plus Plan
Tata AIA Life Insurance offers a new plan for the customers. The latest plan of Tata AIA Life is Smart Income Plus. This plan is majorly introduced to protect yours against uncertainties. Life Assured can choose between Regular and Endowment option. In this plan, Policyholder will receive\ guaranteed payout from 130% to 175% of the Annualised Premium. The insured can pay the premium for 7/10/12 years and get the life cover for 15/21/25 years. The major advantage of this Tata AIA Life Insurance Smart Income Plus is, it has high Sum Assured for female lives as well as a chance of adding Riders. Along with you can get the Tax Benefit under u/s 80C and 10(10D), as per the applicable Income Tax laws. For more details like Additional Benefits, click on the Tata AIA SIP policy brochure provided here.
Tata AIA Life Monthly Insurance Plan
Tata AIA Monthly Insurance Plan is one of the Savings Plan. It has some features compared to the other plans. Once you buy this plan, you can get better benefits. The key features of this Tata AIA MIP Plan are
- Policyholders can build a corpus for your goal in future with the maturity.
- Guaranteed Yearly Additions accrual at the beginning of each policy year.
- Compound Revisionary Bonus and Terminal Bonus.
- Lump sum benefit.
Protection to your Family:
- Life Cover of at least 10 times of the annualised premium.
- Life Cover with Optional Rider.
Loan Facility is available under this plan.
Tax Benefits are available under this plan according to the income tax laws.
Tata AIA Life Secure 7 Plan
Tata AIA Life Insurance Secure 7 plan protects your family against the uncertainties. This will give a financial protection to the Life Assured’s family in case of his/her unfortunate/ sudden death. It is a limited premium paying Non-Linked Non-Participating Endowment Assurance Plan. The special feature of this Tata AIA Secure Plan is pay premium for 7 years and get Guaranteed Annual Income for next 7 years. Life Assured can get the Guaranteed Money Back for the money you have invested. At the time of Maturity, 25% of the Basic Sum Assured will be payable. Tax Benefits are applicable for Tata AIA Savings Plans as per the Income Tax Act. For more information, check the Tata AIA Secure Plan official brochure.
Tata AIA MahaLife Supreme Plan
Tata AIA MahaLife Supreme Plan is a Limited premium payment endowment plan with Guaranteed Annual Income. It provides lump sum amount payable as a % of Basic Sum Assured(BSA) at the time of Maturity. It provides amount payable as a percentage of Basic Sum Assured at the time of Maturity. Based on the policy Term and Premium Payment Term, the insured can choose one of the two options offered by the company. The policyholder will the Tax Benefits under Section 80C and Section 10. The unique Identification Number is UIN: 110N105V02. For more details, you can also check the official Tata AIA Mahalife Supreme Policy Brochure.
Tata AIA Life Insurance Fortune Guarantee Plan
Tata AIA Fortune Guarantee Plan is Non-linked Non-participating Endowment Insurance Plan. The Unique Identification number of this plan is UIN: 110N120V01. Life Assured will get the Guaranteed Maturity Benefit which varies from 138% to 159% of Total Premiums Paid. Policyholders can easily understand this plan. It is a simplified plan with Basic Sum Assured as 10 times of the Annualised Premium. The main advantage of this plan is it has higher benefits for female lives. The Life Assured can also attach a rider to get the additional benefit. You can get the complete details of this plan at Tata AIA Life Insurance Fortune Guarantee Policy Brochure.
Tata AIA Life Insurance Insta Savings Plan
Tata AIA Life Insurance Insta Savings Plan is a Non-Linked Participating Endowment Assurance Plan. It has a special feature of free insurance cover with no medical or financial underwriting. The policyholder will get a Guaranteed Addition every year after completing the premium term. In addition to this, you will also get a Compound Bouns and Terminal bonus along with the Guaranteed cover upto 10 Lakhs. Also, you will get the Tax Benefits for your savings. These are the sample features of Tata AIA Insta Savings Plan. For more details, you can check the Tata AIA Life Insurance Policy brochure.
Tata AIA Money Back Plus Plan
Tata AIA Money Back Plus is a Non-Linked Participating Endowment Assurance Plan. The Unique Identification Number is UIN: 110N119V01. It provides survival payouts of 130% of the Sum Assured at the regular Intervals throughout the policy term. Life Insured can get the Life Cover regardless of the premiums paid. The company will pay the inbuilt Accident Benefit as an additional protection in case of Accidental Death. Another advantage of this plan is Limited premium payment equal to half the policy term. In this plan, you can get the lump sum addition along with the Compounded reversionary bonus & terminal bonus is available. Life Assured will also get the Tax Benefits under u/s 80C & 10(10D) of the Income-Tax Act, 1961. You can also check the official Tata AIA Savings Plan brochure.
Tata AIA Smart 7 Plan Details
The Unique Identification Number of Tata AIA Smart 7 Plan is UIN: 110N118V01. It is a Participating Endowment Assurance Plan. In this plan, life Assured can get lump sum amount on maturity. Policyholders can get Compound Annual Bonus over 12 years and corpus with Additional Bonus. Life Assured can attach a rider to this plan. You can also have life protection for the entire term of 12 years. In the case of the unfortunate/ sudden death of the nominees will get 10 times of Annualised Premium and 1.25 times of Basic Sum Assured. Life Assured will also get the Tax Benefits under u/s 80C & 10(10D) of the Income-Tax Act, 1961. Check the complete information at Tata AIA Policy Brochure.
Tata AIA Smart Growth Plus Plan
Smart Growth Plus Plan is one of the Tata AIA Savings Plans. The Unique Identification Number of TataAIA Life Smart Growth Plan is UIN: 110N116V01. It is a Non-Linked Participating Endowment Assurance Plan. The nominees/ family members will get a Double Sum Assured in the case of Accidental Death. Policy Holder can get Compound Reversionary Bonus and Terminal Bonus. To augment your savings, you will get the Guaranteed additions of 5.5% per annum. You can also check the complete information on Tata AIA Life Smart Growth Plan Brochure.
Tata AIA MahaLife Gold Plus Plan
Tata AIA Maha Life Gold Plus Plan is one of the Tata AIA Savings Plans. The Unique Identification Number is UIN: 110N110V01. It is a Participating Whole of Life Plan Up to Age 85 by paying premium only for 15 years. Policyholders can get Guaranteed Annual Coupons from 10th to 30th Anniversary. There are non-Guaranteed Cash Dividends annually available from 6th policy anniversary till maturity. You can also attach a rider to get the additional benefits for your plan. For more details click on Tata AIA Maha Life Gold Plus Plan.
Tata AIA MahaLife Gold Plan
Tata AIA MahaLife Gold Plan is a Participating Whole of Life Plan Up to Age 85. The unique Identification Number is UIN: 110N029V02. It is same as the Tata AIA Life MahaLife Gold Plus Plan. But the major difference of this plan is it has Guaranteed Annual Coupons from 10th Anniversary to till the maturity. You can plan your legacy by ensuring regular income for yourself and your family for a long period. You can also check the complete details at the official Tata AIA MahaLife Gold Policy Brochure.
Tata AIA MahaLife Magic Plan
Tata AIA Maha Life Magic Plan is one of the Tata AIA Savings Plans. The Unique Identification Number is UIN: 110N108V01. You can pay the premium for just 9 years and get the lump sum at the maturity. Policy Holder can get the bonuses to augment for the policy. You can also Protection against uncertainties of life for the entire policy term. For complete details, you can click the Tata AIA Maha Life Magic Plan.
Tata AIA Life Insurance Money Maxima Plan
Tata AIA Life Insurance Money Maxima Plan is an Endowment Assurance Plan. The Unique Identification Number is UIN: 110N109V01. You can get Guaranteed Loyalty Addition to further augment your savings. The main advantage of this policy is you can get the Life Coverage throughout the life. You can get the Maturity Benefit of Basic Sum Assured along with Bonuses and Guaranteed Loyalty Addition. For more details, you can click the Tata AIA Life Money Maxima Plan.
Tata AIA Life Insurance Premium Calculator
To calculate the premium and Maturity Benefit for the Savings Plan, there is need of some data. So the general documents required to calculate the premium is
- Name of the Policyholder.
- Email Id.
- Mobile Number.
- Age Proof.
- Policy Term.
- Sum Assured.
How to Buy Tata AIA Savings Policy?
In Case of Death or Disability Occurred due to the Sudden Accident of the Policyholder during the Policy Term or if your Policy Maturity Period completed, the Policyholder/ Nominee can apply for Claim. The policyholder can visit the nearest TataAIA Life Branch Office to buy the Proposal form. Or you can also go through the online to purchase the Policy. You can also get the Tata AIA Life Savings Plan through the Agent.
Documents needed for Tata AIA Savings Plan
- Application form/ Proposal form along with a photo.
- Address Proof.
- Age Proof.
- Medical reports (If required).
Claim Procedure for Tata AIA Savings Insurance Plan
Nominees can claim for the Savings Plan after the death of the policyholder or after the successful completion of the premium.
The documents required so that claim for the Tata AIA Life Savings Plans are
- Original Policy Document.
- Proof of title.
- Death Proof.
- Medical treatment documents before death.
- Age proof.
- Additional documents in case of death occurred due to unnatural or accidental death.
Additional Information on Tata AIA Savings Plans
If the Policyholder doesn’t pay the premium within the time, the company will extend the time to pay the premium is a grace period. Tata AIA Life Savings Plans has a grace period of 30 days. Assured candidate can pay the premium within this Grace Period.
If the Policyholder doesn’t pay the premium within the grace period, then the Policy will be a lapse. A lapsed Term Plan will be revived within the two consecutive years from the date of first unpaid premium. You can revive your policy before the expiry period of Policy term.
If the insured candidate wants to return the policy within the Minimum Policy Term, surrender value will the paid to the policyholder.
Free Look Period:
If you are not Satisfied with the Terms and Conditions of the Policy, you can Return your Policy before Completion of Free-look Period.
Policy Lapse: If you have not paid the premiums for the first three full years and also within the grace period, then your policy will close/ lapse. In this case, there are no benefits will be payable.