S avings solutions

Tata AIA Life Insurance

Fortune Guarantee Plus
Non-Linked, Non-Participating, Individual Life Insurance Savings Plan

Tata AIA Life Insurance Company Limited (IRDAI Regn. No.110)

CIN: U66010MH2000PLC128403.
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
Company Ltd under a license. For any information including cancellation,
claims and complaints, please contact our Insurance Advisor / Intermediary
1-860-266-9966
(local charges apply) or write to us at [email protected].
Visit us at: www.tataaia.com.
Unique Reference Number: L&C/Advt/2024/Sep/2813 • UIN: 110N158V13
Tata AIA Life Insurance Fortune Other than POS Other than POS:
Age at Maturity**
Guarantee Plus Option 1: 18 years^ Option 1: 77 years^;
Option 2: 23 years Option 2: 70 years
Individual, Non-Linked, Non-Participating, Life Insurance For POS For POS:
Savings Plan Option 1: 18 years^ Option 1: 65^ years
Time never stands still and neither do our financial needs. As Option 2: Not Option 2: Not
Available Available
we move through various stages of life, our requirements and
Option 1:
those of our families change consistently. Along with this we Single Pay SA I SA II Regular Pay
also carry the burden of any uncertainty happening. We do our PPT 1 1 PPT 5 to 12
best to take care of our family's needs and to ensure -financial PT 5 5 and 10 PT Same as PPT
Premium
security of our family from uncertainties of life. Life Insurance is Payment Term Limited Pay
the best way to protect our family from financial crisis in case of (PPT)/ Policy PPT 5 6 7 8 9 10 11 12
an unfortunate event and help your money to grow so you can Term (PT) – PT 6 to 7 to 8 to 9 to 10 to 11 to 12 to 13 to
(in Years) 10 11 12 13 14 15 16 17
achieve your dreams.
Option 2: Regular Pay
The plan provides financial protection for your family and
PPT 5 and 10
Guaranteed Regular Income that meets tomorrow's
PT Same as PPT
requirements, thus helping you plan towards your future needs
Single pay (SA I): Other than POS: No
and protection for your loved ones. Single Life – R 50,000 Limit, subject to the
Joint Life – R 6,250 Board Approved
Key Features Basic Sum for First death and Underwriting Policy
• Flexibility to choose Plan Option Assured R 50,000 for Second (BAUP)
death For POS:
- Regular Income or Single pay (SA II): Corresponding to a
- Regular Income with an inbuilt Critical Illness benefit Single Life - ₹ 10,000 maximum Death
Regular/Limited pay: Benefit of ₹ 25 lakhs
• Flexibility to choose Income Period from 20 to 45 years R 24,000* Death
• Get return of premium at the end of Income Period Benefit Multiple
Single Pay (SA I) - Other than POS:
• Choice to receive Income – Monthly/Annually
r 5,000 subject to the Board
• Option of Joint Life under Single Premium payment option Premium* (R) Single Pay (SA II): As Approved
(excluding per Minimum Sum Underwriting Policy
• Choice of Premium Payment Term (BAUP)
discount) Assured and Death
• Enhance your protection with optional Riders Benefit Multiple (DBM) For POS:
• Tax benefits as per applicable Tax Laws offered. Corresponding to a
Limited Pay /Regular maximum Death
Eligibility Criteria Pay – R 24,000 p.a. Benefit of ₹ 25 lakhs

Plan Options Premium Single / Annual / Half-yearly / Quarterly /

Payment Mode Monthly
Option 1: Regular Income
Option 1: 20 to 45 years (in multiples of
Option 2: Regular Income with an inbuilt Critical Illness benefit
5 years).
The options can be chosen only at the inception of the Policy.
Income Period The Policy Term + Income period is within
Only Option 1 is available for POS. the range of 25 years to 50 years.
Plan Parameters Minimum Maximum Option 2: 30 years for 5 pay and 25 years for
10 pay
Other than POS:
Option 1: 1 year^ Income Mode Annual and Monthly
Other than POS/ Single Life (for Single (SA I/SA II)/
Option 2: 18 years
Age at Entry** For POS: Coverage Limited/Regular Pay) or Joint life (for Single
For POS: 60 years^
Option 1: 1 year^ pay (SA I) only)
Option 2: Not ^
In case of joint life policy, the minimum age at entry / maturity age needs to
Available be complied upon by the youngest of two lives and the maximum age at
entry / maturity age needs to be complied upon by the oldest of two lives.

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**All reference to age is as on last birthday. In case of death of the life insured during the Grace Period but
*Premium excludes the taxes, rider premiums, underwriting extra premiums, before the payment of the premium then due, the policy will still
loading for modal premiums if any.
be valid and the benefits shall be paid after deductions of the
Key benefits in detail said unpaid premium and also the balance premium(s), if any,
Maturity Benefits: falling due from the date of death and before the next
Provided the policy is in force and all due premiums have been policy anniversary.
paid, the Guaranteed Annual Income shall commence after Where,
maturity till the end of the Income Period, irrespective of “Total premium paid” means total of all the premium paid
survival of the life insured(s) during the Income Period Income under the base product, excluding any extra premium and
Booster will be added to this level income. The income shall be taxes, if collected separately.
paid as per the chosen Income Frequency. “Annualised Premium” shall be the premium amount payable
Return of Premium Benefit: Sum of Guaranteed Maturity in a year under a non-single pay option chosen by the
Benefit plus Milestone Benefit will be payable at the end of the policyholder, excluding the taxes, rider premiums, underwriting
Income Period, irrespective of survival of the life insured(s) extra premiums and loading for modal premiums.
during the Income Period.
“Single Premium” shall be the premium payable under a
The policyholder or the nominee/legal heir(s) of the life insured(s), single pay option chosen by the policyholder, excluding taxes,
as the case may be, has the option to receive the commuted rider premiums, underwriting extra premiums.
value of the future Guaranteed Annual Income (including
applicable Income Booster, if any) plus the Return of Premium “Basic Sum Assured” shall be equal to the Death Benefit
Benefit, in the form of a lumpsum anytime during the Income Multiple (DBM) multiplied by the Annualised Premium/Single
Period, discounted at 8.25% per annum. In case of Premium (excluding discount). The Death Benefit Multiple is
commutation for a monthly income frequency policy, the set as:
commuted value will be post deduction of the monthly income • Single Pay (SA I):
payouts already made for the existing Income Year. This
- Single Life – 10
discounting rate is based on the interest rate prevailing at the
time of commutation + 1%. The prevailing interest rate shall be - Joint Life –1.25 in case of First death and 10 in case of
based on the 30yr G-sec yield. However, any change in the Second death
methodology/formula shall be subject to IRDAI approval. • Single Pay (SA II):
Death Benefit:
o Single Life - The DBM varies by the age (last birthday)
Death during policy term: In case of death of the life insured of the life insured at inception:
during the policy term for an in-force policy (all due premiums
have been paid), the death benefit payable to the claimant is as Age DBM Age DBM Age DBM Age DBM
outlined below: 1 1.73 16 1.58 31 1.43 46 1.28
2 1.72 17 1.57 32 1.42 47 1.27
Highest of:
3 1.71 18 1.56 33 1.41 48 1.26
• 1.10 x Single Premium (excluding discount) or 10 x
4 1.70 19 1.55 34 1.40 49 1.25
Annualised Premium (excluding discount);
5 1.69 20 1.54 35 1.39 50 1.24
• 105% of Total Premiums Paid (excluding loading for
6 1.68 21 1.53 36 1.38 51 1.22
modal premiums and discount) up to date of death; or
7 1.67 22 1.52 37 1.37 52 1.21
• Basic Sum Assured
8 1.66 23 1.51 38 1.36 53 1.19
The death benefit during policy term shall be subject to a 9 1.65 24 1.50 39 1.35 54 1.18
minimum of the Surrender Value on the date of death.
10 1.64 25 1.49 40 1.34 55 1.16
For single life policies, the policy will terminate upon the death
11 1.63 26 1.48 41 1.33 56 1.15
of the insured during the policy term and no other benefit under
12 1.62 27 1.47 42 1.32 57 1.13
the policy shall be payable.
13 1.61 28 1.46 43 1.31 58 1.12
For joint life policies, the policy will continue after First Death
after payment of the death benefit due, and the policy will 14 1.60 29 1.45 44 1.30 59 1.11
terminate upon the Second Death during the policy term and 15 1.59 30 1.44 45 1.29 60 1.10
no other benefit under the policy shall be payable.

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• Limited and Regular Pay: “Discounted Income Booster Benefit” shall be the
- The DBM varies by the age (last birthday) of the life discounted value at maturity of all the Income Booster payable
insured at inception: at annual frequency post maturity, discounted at 8.25% p.a.
Age DBM Age DBM Age DBM Age DBM “Return of Premium Benefit” shall be the sum of Guaranteed
1 15.4 16 13.9 31 12.4 46 10.9 Maturity Benefit plus Milestone Benefit and shall be payable at
the end of the Income Period.
2 15.3 17 13.8 32 12.3 47 10.8
3 15.2 18 13.7 33 12.2 48 10.7 “Guaranteed Total Premium Benefit” shall be the discounted
4 15.1 19 13.6 34 12.1 49 10.6 value at maturity of the Return of Premium Benefit, discounted
at 8.25% p.a.
5 15.0 20 13.5 35 12.0 50 10.5
“Income Period” is the period measured in years following
6 14.9 21 13.4 36 11.9 51 10.5
maturity, over which the Maturity Benefit is payable and is
7 14.8 22 13.3 37 11.8 52 10.4 chosen at inception. In Option 1, the income period can be 20,
8 14.7 23 13.2 38 11.7 53 10.4 25, 30, 35, 40 or 45 years, subject to Policy term plus Income
9 14.6 24 13.1 39 11.6 54 10.3 Period not exceeding 50 years. In Option 2, the policy term 5
10 14.5 25 13.0 40 11.5 55 10.3 will have an Income Period of 30 years and policy term 10 will
have an Income Period of 25 years.
11 14.4 26 12.9 41 11.4 56 10.2
“Income Frequency” is periodicity of the Guaranteed Annual
12 14.3 27 12.8 42 11.3 57 10.2
Income (including applicable Income Booster, if any) as
13 14.2 28 12.7 43 11.2 58 10.1 payable under the policy. The default frequency of the payment
14 14.1 29 12.6 44 11.1 59 10.1 will be Annual. The income shall commence from the end of the
15 14.0 30 12.5 45 11.0 60 10.0 policy year, following maturity or the next policy anniversary
after date of diagnosis of critical illness (under Option 2 if
“Guaranteed Annual Income” shall be a fixed percentage of chosen, whichever is earlier). The date of diagnosis of critical
the Annualised Premium / Single Premium (excluding discount) illness needs to be before maturity for any payout to happen
payable in a year. The Guaranteed Annual Income factor is under this contingency.
derived as a sum of Base Income factor and a Large Premium
At inception of the policy, the policyholder shall be given the
Income Booster, if any.
option to receive the Guaranteed Annual Income (including
“Income Booster” is an additional Income benefit payout applicable Income Booster, if any) on a monthly frequency,
applicable under a non-single pay option to reward persisting wherein the following conversion factor shall be used to arrive
policyholders over and above the Guaranteed Annual Income. at the monthly income payable:
Income Booster shall be defined as % of Annualised Premium
(excluding discount). Frequency Payout

“Guaranteed Maturity Benefit (GMB)” shall be % of Total Monthly 96% x Annual Income x 1/12
Premiums Paid (excluding discount and excluding loading for
In case monthly frequency is opted for, then the income shall
modal premiums). Such ‘Guaranteed Maturity Benefit’ shall be
commence from the end of the policy month following maturity
payable at the end of Income period.
or from the end of the policy month following the date of
“Milestone Benefit” is an additional Lumpsum benefit payout diagnosis of critical illness (under Option 2 if chosen, whichever
applicable under a non-single pay option over and above the is earlier). The date of diagnosis of critical illness needs to be
Guaranteed Maturity Benefit payable at the end of the Income before maturity for any payout to happen under this
Period. The Milestone benefit shall be defined as a % of Total contingency. The first monthly income instalment post
Premiums Paid (excluding discounts and excluding loading for diagnosis of critical illness shall also include all the monthly
modal premiums) income payouts in respect of the months elapsed in the current
policy year prior to diagnosis of critical illness. This option to
“Guaranteed Income Benefit” shall be the discounted value take income in monthly frequency must be exercised at
at maturity of all the Guaranteed Annual Income payable at inception and cannot be altered once chosen.
annual frequency post maturity, discounted at 8.25% p.a.

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Sample Illustration
Entry Age: 35 years Annualised Premium*: 1,00,000
Gender: Male Basic Sum Assured: 12,00,000
Premium Paying Term: 10 years Premium Frequency: Annual
Policy Term: 10 years Plan Option: Regular Income
Income Term: 25 years (From 11th Year to 35th Year) Income Mode: Annual
The Policy Maturity date is at the end of the Policy Term.

Policy Year Age Annualised

Sum Assured Income Booster/
Premium
on Death Milestone Benefit Guaranteed Annual Income Return of Premium
0 35 1,00,000 12,00,000 0 0 0
1 36 1,00,000 12,00,000 0 0 0
2 37 1,00,000 12,00,000 0 0 0
3 38 1,00,000 12,00,000 0 0 0
4 39 1,00,000 12,00,000 0 0 0
5 40 1,00,000 12,00,000 0 0 0
6 41 1,00,000 12,00,000 0 0 0
7 42 1,00,000 12,00,000 0 0 0
8 43 1,00,000 12,00,000 0 0 0
9 44 1,00,000 12,00,000 0 0 0
10 45 0 0 41,890 41,890 0
11 46 0 0 41,890 41,890 0
12 47 0 0 41,890 41,890 0
13 48 0 0 41,890 41,890 0
14 49 0 0 41,890 41,890 0
15 50 0 0 41,890 41,890 0
16 51 0 0 41,890 41,890 0
17 52 0 0 41,890 41,890 0
18 to 33 53 to 68 0 0 41,890 41,890 0
34 69 0 0 41,890 41,890 10,00,000
Total Benefit 10,47,250 10,47,250 10,00,000
Grand Total 30,94,500
Total Premium Paid 10,00,000

Entry Age: 35 years Annualised Premium*: 1,00,000

Gender: Male Basic Sum Assured: 12,00,000
Premium Paying Term: 10 years Premium Frequency: Annual
Policy Term: 10 years Plan Option:
Income Term: 25 years (From 11th Year to 35th year) Income Mode: Annual
The Policy Maturity date is at the end of the Policy Term.
Scenario I: No Critical Illness till Maturity.

Policy Year Age Annualised

Sum Assured Income Booster/
Premium
on Death Milestone Benefit Guaranteed Annual Income Return of Premium
0 35 1,00,000 12,00,000 0 0 0
1 36 1,00,000 12,00,000 0 0 0
2 37 1,00,000 12,00,000 0 0 0

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Policy Year Age Annualised
Sum Assured Income Booster/
Premium
on Death Milestone Benefit Guaranteed Annual Income Return of Premium
3 38 1,00,000 12,00,000 0 0 0
4 39 1,00,000 12,00,000 0 0 0
5 40 1,00,000 12,00,000 0 0 0
6 41 1,00,000 12,00,000 0 0 0
7 42 1,00,000 12,00,000 0 0 0
8 43 1,00,000 12,00,000 0 0 0
9 44 1,00,000 12,00,000 0 0 0
10 45 0 0 41,700 41,700 0
11 46 0 0 41,700 41,700 0
12 47 0 0 41,700 41,700 0
13 48 0 0 41,700 41,700 0
14 49 0 0 41,700 41,700 0
15 50 0 0 41,700 41,700 0
16 51 0 0 41,700 41,700 0
17 52 0 0 41,700 41,700 0
18 to 33 53 to 68 0 0 41,700 41,700 0
34 69 0 0 41,700 41,700 10,00,000
Total Benefit 10,42,500 10,42,500 10,00,000
Grand Total 30,85,000
Total Premium Paid 10,00,000

Scenario II: Diagnosis of Critical Illness in 3rd year.

- Premiums will get waived from 4th year.
- Guaranteed Annual Income shall commence from the end of Policy Year following diagnosis of Critical Illness on the life of the insured.

Guaranteed Benefits
Annualised
Policy Year Age Sum Assured Income Booster/ Maturity Benefit
Premium
on Death Milestone Benefit Guaranteed Annual Income Return of Premium
0 35 1,00,000 12,00,000 0 0 0
1 36 1,00,000 12,00,000 0 0 0
2 37 1,00,000 12,00,000 41,700 41,700 0
3 38 0 12,00,000 41,700 41,700 0
4 39 0 12,00,000 41,700 41,700 0
5 40 0 12,00,000 41,700 41,700 0
6 41 0 12,00,000 41,700 41,700 0
7 42 0 12,00,000 41,700 41,700 0
8 43 0 12,00,000 41,700 41,700 0
9 44 0 12,00,000 41,700 41,700 0
10 45 0 0 41,700 41,700 0
11 46 0 0 41,700 41,700 0
12 47 0 0 41,700 41,700 0
13 48 0 0 41,700 41,700 0
14 49 0 0 41,700 41,700 0
15 50 0 0 41,700 41,700 0
16 51 0 0 41,700 41,700 0

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 Guaranteed Benefits
Annualised
Policy Year Age Sum Assured Income Booster/ Maturity Benefit
Premium
on Death Milestone Benefit Guaranteed Annual Income Return of Premium
17 52 0 0 41,700 41,700 0
18 to 33 53 to 68 0 0 41,700 41,700 0
34 69 0 0 41,700 41,700 3,00,000
Total Benefit 13,76,100 13,76,100 3,00,000
Grand Total 30,52,200
Total Premium Paid 10,00,000
* Premium excludes the taxes, rider premiums, underwriting extra premiums, loading for modal premiums if any

Premium will vary depending upon the Option chosen No Illness / Procedure
Critical Illness Benefit: 4 Major surgery of Aorta
Critical illness benefit is available in Option 2 only. 5 Myocardial Infarction (First Heart Attack of specified severity)
Provided the policy is in force and all due premiums have been 6 Open Chest CABG (Coronary Artery Bypass Graft)
paid, the Guaranteed Annual Income (including applicable 7 Open Heart Replacement or Repair of Heart Valves
Income Booster, if any) shall be payable from the end of the 8 Primary (Idiopathic) Pulmonary Hypertension
policy year (for annual income frequency) following diagnosis 9 Stroke resulting into permanent symptoms
on the life of the Insured on any of the covered Major Critical Critical Illness:
Illness, Major Cardiac Conditions or Major Cancer as specified
below till the earlier of end of Policy Term or death of the Life 10 Alzheimer's Disease
Insured during the Policy Term. 11 Apallic Syndrome
In case monthly income frequency is opted for, then the 12 Aplastic Anaemia
income shall commence from the end of the policy month, 13 Bacterial Meningitis
following Critical Illness diagnosis. The first monthly income 14 Benign Brain Tumor
instalment post diagnosis of critical illness shall also include all 15 Blindness
the monthly income payouts in respect of months elapsed in 16 Chronic Recurrent Pancreatitis
the current policy year prior to diagnosis of critical illness.
17 Coma of Specified Severity
The date of diagnosis of critical illness needs to be before
18 Creutzfeldt-Jacob disease
maturity for any payout to happen under this contingency. All
future premiums will be waived off and the policy will continue 19 Deafness
as in-force. 20 Encephalitis
In case of diagnosis of critical illness of the life insured during 21 End Stage Liver Failure
the Grace Period but before the payment of the premium then 22 End Stage Lung Failure
due, the policy will still be valid and the benefits shall be paid 23 Fulminant Viral Hepatitis
after deductions of the said unpaid premium. 24 Kidney Failure requiring Regular Dialysis
The following two conditions must have been met before any 25 Loss of Independent Existence
benefit becomes payable: 26 Loss of limbs
• The life insured needs to have survived for a period of 30 27 Loss of Speech
days; and
28 Major Head Trauma
• The diagnosis must be the first ever of that condition in the 29 Major Organ (less heart)/ Bone Marrow Transplant
lifetime of the individual covered.
30 Medullary Cystic Kidney Disease
Following Illnesses will be covered under the plan:
31 Motor Neuron Disease with Permanent Symptoms
No Illness / Procedure 32 Multiple Sclerosis with Persisting Symptoms
Cancer: 33 Muscular Dystrophy
1 Cancer of Specified Severity 34 Parkinson's Disease
Cardiac Conditions: 35 Permanent Paralysis of Limbs
2 Cardiomyopathy (of specified severity) 36 Poliomyelitis
3 Heart transplant 37 Progressive Scleroderma

11 12
No Illness / Procedure Non-forfeiture provisions:
38 Severe Rheumatoid Arthritis o Lapse
39 SLE with Renal Involvement When the full premium for at least one (1) year has not been
40 Third Degree Burns paid within the Grace Period, the policy shall lapse from the due
date of first unpaid premium and no benefits will be payable.
Please refer our website (www.tataaia.com) for ‘Definitions and
Exclusions Annexure’ for above illnesses. However, if full premium for at least one (1) year has been paid
and the subsequent premium remains unpaid within the Grace
Additional Benefits and Features Period, the Policy will be converted into a Reduced Paid-up
Policy by default.
Flexible premium payment modes: A lapsed policy can be revived as per revival explained in the
You have an option to pay the premiums either Single Revival clause.
Premium, Annually, Half-yearly, Quarterly and Monthly modes. o Reduced Paid-Up Benefit
Loading on premiums will be applicable as mentioned in the The benefits to be paid in case of reduced paid-up policies
table below: are as follows.
Mode Modal Loading
RPU Death Benefit:
Single Premium Multiply Single Premium by 1
On death during the policy term, Death Benefit x RPU Factor
Annual Multiply Annual Premium by 1 shall be payable.
Half - Yearly Multiply Annual Premium by 0.51
RPU Maturity Benefit: The following shall be payable
Quarterly Multiply Annual Premium by 0.26
• Guaranteed Annual Income multiplied by the RPU Factor
Monthly Multiply Annual Premium by 0.0883 + applicable Income Booster: Payable during the
Optional Riders: Income Period
• GMB multiplied by the RPU Factor + applicable Milestone
You have the flexibility to enhance your cover by adding the
Benefit: Payable at the end of the Income Period
following optional riders, by paying additional rider premium
over and above your base policy premium. RPU Critical Illness Benefit:
• Tata AIA Life Insurance Non-Linked Comprehensive On diagnosis of critical illness during the policy term, the
Protection Rider (UIN: 110B033V02 or any later version) Guaranteed Annual Income (as defined earlier) multiplied by
the RPU Factor + applicable Income Booster shall continue
• Tata AIA Life Insurance Non-Linked Comprehensive Health
to be payable. No waiver of premium will be applicable in
Rider (UIN: 110B031V02 or any other later version)
case of a reduced paid-up policy.
• Tata AIA Life Insurance Vitality Protect (UIN: 110B046V01 or Surrender Benefit: The surrender benefit as detailed below
any later version) shall be payable.
• Tata AIA Life Insurance Vitality Health (UIN: 110B045V01 or
- Surrender Benefit
any other later version)
The policy shall acquire a surrender value during the policy
• Tata AIA Benefit Protection Rider (UIN: 110B049V01 or any term basis the premium paying term as defined below.
other later version)
Premium Paying Surrender Value
These riders can be attached effective policy inception or any
Mode
policy anniversary of the base plan subject to the rider
premium payment term and the policy term shall not be more Single Pay Payable at any point during the policy term
than the outstanding premium payment term and outstanding Payable on completion of one policy year,
policy term for the base plan. Such attachments will be as per provided one full year’s premium has been
the ‘Board approved underwriting policy’ (BAUP) of the Regular / paid or at any point after the future premiums
Limited Premium waived post acceptance of critical illness
Company. For policies purchased from POS channel, riders
would not be available. claim (under option 2 only)

Grace Period: The surrender value payable is higher of the Guaranteed

Surrender Value (GSV) or Special Surrender Value (SSV).
A Grace Period of fifteen (15) days for monthly mode and thirty
(30) days for all other modes, from the due date will be allowed • Guaranteed Surrender Value = GSV Factor * Total Premiums
for payment of each subsequent premium. The Policy will Paid (excluding loading for modal premiums and discount)
remain in force during this period. If any death claim occurs • Special Surrender Value:
during the grace period, any due premium (without interest) of Special Surrender Value (SSV) is determined by the
the policy for the policy year, in which the event has occurred company from time-to-time basis changing economic
will be deducted from the death claim pay out. scenario. The Company may revise SSV based on then

13 14
 prevailing market conditions. Any change in the “Reduced Paid-up (RPU) Factor” shall be a ratio calculated
methodology/formula for calculating SSV shall be subject as the total period for which premiums have already been
to IRDAI approval. paid or waived post acceptance of critical illness claim
Where, (under option 2 only) divided by the maximum period for
which premiums were originally payable.
Guaranteed Surrender Value Factors - Limited Pay / Regular Pay
Year of Surrender / Policy Term 5 6 7 8 9 10 11 12 13 14 15 16 17
1 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
2 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30% 30%
3 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35% 35%
4 90% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
5 90% 90% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
6 90% 90% 50% 50% 50% 50% 50% 50% 50% 50% 50% 50%
7 90% 90% 50% 50% 50% 50% 50% 50% 50% 50% 50%
8 90% 90% 70% 63% 60% 58% 57% 56% 55% 54%
9 90% 90% 77% 70% 66% 63% 61% 60% 59%
10 90% 90% 80% 74% 70% 67% 65% 63%
11 90% 90% 82% 77% 73% 70% 68%
12 90% 90% 83% 79% 75% 72%
13 90% 90% 84% 80% 77%
14 90% 90% 85% 81%
15 90% 90% 86%
16 90% 90%
17 90%
Guaranteed Surrender Value Factors - Single Pay reinstatement/revival shall only cover loss or insured event
Year of Surrender / Policy Term 5 which occurs after the reinstatement/revival date. Any
evidence of insurability requested at the time of
1 100%
reinstatement/revival will be based on the prevailing
2 100%
underwriting guidelines duly approved by the Board. The
3 100% reinstatement/revival will be based on the Board approved
4 100% underwriting policy.
5 100% The applicable interest rate for revival is determined using the
Please refer www.tataaia.com for Special Surrender SBI domestic term deposit rate for ‘1 year to less than 2
Value Factors 1 Limited Pay/Regular Pay. years’, plus 2%. The rate of interest on revival with effect from
o Revival 1st April 2024 is 8.98% simple p.a. (i.e. SBI interest rate of
6.98% + 2%) plus applicable taxes. The interest rate
If a premium is in default beyond the Grace Period and subject
applicable is reviewed every 6 months and gets updated as
to the Policy not having been surrendered, it may be
per the given formula. Any alteration in the formula will be
reinstated/revived, within five years after the due date of first
subject to prior approval of IRDAI.
unpaid premium and before the date of maturity, subject to: (i)
Policyholder’s written application for reinstatement/revival; (ii) Terms and Conditions
production of Insured’s current health certificate and other
evidence of insurability, satisfactory to the Company; and (iii) 1. Free Look Period
payment of all overdue premiums with interest. If you are not satisfied with the terms & conditions, you have
The evidences and any medical requirements called for are in the right to cancel the Policy by providing written notice to the
line with the prevailing underwriting guidelines duly approved Company and receive a refund of all premiums paid without
by the Board & the health declaration by the life insured(s). Any interest after deducting

15 16
a) Proportionate risk premium for the period on cover 4. Auto Vesting
(including applicable taxes, cesses, and levies, if any) and Where the policy is issued on the life of a minor, the policy shall
b) Stamp duty charges and medical examination costs which automatically vest in the life insured on his/her attaining age of
have been incurred for issuing the Policy. majority. On vesting, the Company shall recognize the life
Such notice must be signed by you and received directly by insured to be the holder of the policy.
the Company within 30 days whether received electronically 5. Exclusion
or otherwise after you receive the policy document.
Single Life:
2. Waiting Period
In case of death due to suicide within 12 months, from the
For POS: date of commencement of risk under the policy or from the
If death of any of the life insureds occurs during the first 90 date of revival of the policy, as applicable, the nominee or
days from the Date of commencement of risk, we shall beneficiary of the policyholder shall be entitled to at least
refund Total Premiums Paid and the policy will terminate 80% of the Total Premiums Paid till the date of death or the
with immediate effect. surrender value available as on the date of death whichever
Waiting period of 90 days is not applicable for death due to is higher, provided the policy is in force. The policy shall
accident provided all due premiums have been paid. Death terminate and no further benefits shall be payable.
benefit and other benefits will continue to be payable as Joint Life:
normal in case of such accidental death.
In case of joint life policy, the above clause is applicable if
For other than POS: any of the two lives commits suicide within 12 months from
Under option 2, a waiting period of 90 days is applicable on the commencement of risk under the policy.
the first diagnosis of any of the illness covered under The suicide claim provision is in line with Clause 21 of
Critical Illness Benefit. Master Circular on Life Insurance Products
(IRDAI/ACTL/MSTCIR/MISC/89/6/2024) dated 12th
3. Policy Loan June 2024
Provided that the policy acquires Surrender Value, policyhold- 6. Tax Benefits
ers may apply for a policy loan for such an amount within the
Income Tax benefits may be available as per the Tax Laws,
extent of 80% of Surrender Value. The Policy must be assigned
subject to fulfillment of conditions stipulated therein. Income
to Tata AIA Life.
Tax laws are subject to change from time to time. Tata AIA Life
Loan Interest Insurance Company Ltd. does not assume responsibility on tax
Daily interest shall accrue on policy loan at a rate which the implication mentioned anywhere in this document. Please
company shall determine. Interest shall be payable on each consult your own tax consultant to know the tax benefits
policy anniversary after the loan date and until the loan is available to you.
repaid. Any unpaid interest shall be added to the principal loan 7. Assignment
and bear interest at the same rate. At any time while the policy
is in force, policyholder may repay the principal and accrued Assignment is allowed as per provisions of Section 38 of the
interest, on any part of the loan. Insurance Act 1938 as amended from time to time.

For inforce and fully paid up policies, the policy will not be 8. Nomination
foreclosed if the outstanding loan amount including interest Nomination is allowed as per provisions of Section 39 of the
exceeds the surrender value. However, for other than in-force Insurance Act 1938 as amended from time to time.
and fully paid up policies, if the outstanding loan amount 9. Non-Disclosure and Misstatement
including interest exceeds the surrender value, the policy will
be foreclosed after giving intimation and reasonable Any non-disclosure or misstatement shall be dealt as per the
opportunity to the policyholder to continue the policy. provisions of Section 45 of the Insurance Act 1938 as
amended from time to time.
Interest rate applicable to policy loan will be equal to the
prevailing SBI (State Bank of India) domestic term deposit 10. Advance Premium
interest rate for tenure ‘1 year to less than 2 years’ + 2%. This Collection of advance premium shall be allowed, only if the
formula will be reviewed annually and only altered subject to premium is collected within the same Financial Year. However,
prior approval of IRDAI. The interest rate on loans are verified & where the premium due in one financial year is being collected
updated on our company's systems every six months (on 1st in advance in earlier financial year, the Company may collect the
April & 1st Oct every year) as per the given formula. The current same for a maximum period of three months in advance of the
interest rate for Loan from 1st April 2024 is 8.98% p.a. (i.e. SBI due date of the premium. The premium so collected in advance
interest rate of 6.98% + 2%) compounding annually. shall only be adjusted on the due date of the premium.
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11. This product is also available for sales through Company’s - All the supporting medical records should be available to
web-site www.tataaia.com avail the service.
12. Health Management Services: - We reserve the right to change the service provider(s) at any
time.
Life Insureds, who are eligible for the Health Management
Services, will be eligible to avail second opinion/personal - The services are being provided by third party service
medical case management services/medical consultation from provider(s) and We will not be liable for any liability.
the service provider/s affiliated to/registered with Us. The
Prohibition of Rebates - Section 41 - of the Insurance Act,
services are expected to assist the Life Insured with an
independent diagnosis of the medical condition, thus helping 1938, as amended from time to time
the Life Insured to take the required steps. These services are 1. No person shall allow or offer to allow, either directly or
subject to: indirectly, as an inducement to any person to take out or
- the availability of a suitable service provider/s; renew or continue an insurance in respect of any kind of risk
- Primary diagnosis (wherever applicable) has been done by relating to lives or property in India, any rebate of the whole
a registered medical practitioner as may be authorized by a or part of the commission payable or any rebate of the
competent statutory authority; premium shown on the Policy, nor shall any person taking
- Health Management Service is available to be utilized out or renewing or continuing a Policy accept any rebate,
throughout the policy term, subject to prevailing eligibility except such rebate as may be allowed in accordance with
conditions; the published prospectuses or tables of the Insurer.

- The eligibility conditions of the Life Insured will be determined 2. Any person making default in complying with the
as per the Company’s extant Underwriting Policy; provisions of this section shall be liable for a penalty which
may extend to ten lakh rupees.
- The eligibility will be reviewed periodically and changes shall
apply without any discrimination to all existing and new Section 45 of the Insurance Act, 1938
customers of the product.
Any fraud, misstatement or suppression of a material fact under
- In case of any change, the eligibility details will be displayed the policy shall be dealt as per the provisions of Section 45 of
on Our website (www.tataaia.com) or You may contact Our the Insurance Act 1938 as amended from time to time.
helpline number 1-860-266-9966 (local charges apply),
before using the services; *For Annualised Premium between 1 lakh and 5 lakh, the
income booster will be linearly interpolated between the above
- Whenever the eligibility criteria changes or the service is 2 columns.
withdrawn, the same shall be communicated to all the
policyholders. Prior to effecting any changes, we shall About Tata AIA Life
inform the same to IRDAI; and Tata AIA Life Insurance Company Limited (Tata AIA Life) is a
joint venture company, formed by Tata Sons Ltd. and AIA
- The current eligibility is of a minimum total Sum Assured of Group Ltd (AIA). Tata AIA Life combines Tata’s pre-eminent
R 30 Lakhs [under base plan and rider/s (if any)]. leadership position in India and AIA’s presence as the largest,
Note: independent listed pan-Asia Life Insurance Group in the world
- These services are aimed at improving Policyholder spanning 18 markets in Asia Pacific. Tata Sons holds a majority
engagement. stake (51 per cent) in the Company and AIA holds 49 per cent
through an AIA International Limited. Tata AIA Life Insurance
- These Value-added Services are completely optional for the Company Limited was licensed to operate in India on February
eligible Life Insured to avail. 12, 2001 and started operations on April 1, 2001.
- For Life Insured availing such services, they are offered at no
DISCLAIMER:
additional cost.
- The Premiums charged shall not depend on whether such • This product is available for online sale. Please visit us at
a service(s) is offered or availed. www.tataaia.com to buy this product online
- The Life Insured may exercise his/her own discretion to avail • This product is underwritten by Tata AIA Life Insurance
the services. Company Ltd.
- These services shall be directly provided by the service • Insurance cover is available under this product.
provider(s).
• Policies sourced through POS Channel will not have any
- The services can be availed only where the Policy / rider is
medical examination.
in-force.
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• This plan is not a guaranteed issuance plan and it will be
subject to Company’s underwriting and acceptance.
• The brochure is not a contract of insurance. The precise
terms and conditions of this plan are specified in the Policy
contract available on Tata AIA Life website.
• This product brochure should be read along with Benefit
Illustration.
• 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.
• In case of non-standard lives and on submission of
non-standard age proof, extra premiums will be charged as
per our underwriting guidelines.
• All Premiums and interest payable under the policy are
exclusive of the taxes, rider premiums, underwriting extra
premiums, loading for modal premiums, if any which will be
entirely borne/ paid by the Policyholder, in addition to the
payment of such Premium or interest. Tata AIA Life shall
have the right to claim, deduct, adjust and recover the
amount of any applicable tax or imposition, levied by any
statutory or administrative body, from the benefits payable
under the Policy.

BEWARE OF SPURIOUS IRDAI or its officials do not involve in activities

PHONE CALLS AND like selling insurance policies, announcing
bonus or investment of premiums. Public
FICTITIOUS/
receiving such phone calls are requested to
FRAUDULENT OFFERS lodge a police complaint.

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