IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT

PORTFOLIO IS BORNE BY THE POLICYHOLDER

Non -Participating, Unit Linked Individual, Whole of Life Insurance Savings Plan

About Tata AIA Life

Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture
company, formed by Tata Sons and AIA Group Limited (AIA). Tata AIA Life
combines Tata’s pre-eminent leadership position in India and AIA’s
presence as the largest, independent listed pan-Asia life insurance group in
the world spanning 18 markets in Asia Pacific. Tata Sons holds a majority
stake (51 per cent) in the company and AIA holds (49 per cent) through an
AIA International Limited. Tata AIA Life Insurance Company Limited was
licensed to operate in India on February 12, 2001 and started operations on
April 1, 2001.

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 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 us at [email protected].
Visit us at: www.tataaia.com.
Unique Reference Number: L&C/Advt/2024/May/1519 • UIN: 110L113V08
Tata AIA Life Insurance Fortune Maxima Eligibility Criteria
Non-Participating, Unit Linked Individual, Whole of Life Minimum Issue Age
Insurance Savings Plan (Age last birthday) 0 years (30 days)
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT Maximum Issue Age
60 years
PORTFOLIO IS BORNE BY THE POLICYHOLDER. LINKED (Age last birthday)
INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY Maximum Maturity Age 100 years
DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE Policy Term 100 minus Issue age
POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/ Single Pay
Premium Paying Term
WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE Limited Pay – 5 to 20 years
PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF Single, Annual, Semi-Annual,
Pay Mode
THE FIFTH YEAR. Quarterly, Monthly

Ensuring financial security of your near and dear ones is one of Single Pay – r 25,000
Minimum Premium1
Limited Pay – r 12,000 per annum
the primary objectives of life. Tata AIA Life Insurance Fortune
Single Pay – r 5,00,000
Maxima, Non -Participating, Unit Linked Individual, Whole of Maximum Premium1
Limited Pay – r 5,00,000 per annum
Life Insurance Savings Plan that allows you to fulfill this critical
For Single Pay – 1.25 times the
life need with a greater degree of efficiency. Minimum Basic Single Premium
This plan allows you to maximize your whole life protection Sum Assured2 For Limited Pay – 7 * Annualized
corpus with the power of market driven growth. Premium3
For Single Pay – 1.25 times the
Saving in this plan can help you fulfill your medium to long term Single Premium
goals such as children’s education, retirement planning and
For Limited Pay – Higher of (10, 0.5 *
creating legacy for future generations. Maximum Basic
Policy Term) * Annualized Premium3
Sum Assured2
Tata AIA Life Insurance Fortune Maxima, protecting your (For the purpose of Basic Sum
dreams over a life time. Assured, Policy Term = 70 minus
Issue age)

Key Features 1
Increase or decrease in Premium is not allowed under this plan.
2Increase or decrease in Basic Sum Assured is not allowed under this plan.
• Pay premiums once or for a limited period and get 3Annualized Premium means the premium amount payable in a year
insurance protection for the entire life excluding the taxes, rider premiums and underwriting extra premiums on
riders, if any
• Regular Loyalty Additions to boost savings
Important aspects
• Flexibility to choose from 21 Fund options for enhanced
investment opportunities 1. Total Sum Assured under the plan is the total of Basic Sum
Assured and Top-up Sum Assured.
• Option to customize your plan with range of riders
2. The Regular/ Single premium and any Top-up premium net
• Choice of Enhanced Systematic Money Allocation & of premium allocation charge will be used to purchase units
Regular Transfer Investment Portfolio Strategy in the various investment fund/s offered under this plan and
as chosen by you. The units purchased in the investment
• Tax benefits u/s 80C and 10 (10D) of the Income Tax Act, 1961 fund is the monetary amount allocated to the investment
fund divided by its then prevailing NAV per unit.
3. Regular/ Single Premium Fund Value is equal to the
number of units pertaining to Regular/ Single premiums
allocated to the investment fund/s chosen by you
multiplied by its then prevailing NAV per unit.
Top-up Premium Fund Value, if any, is equal to the number
of units pertaining to Top-up premiums allocated to the
investment fund/s chosen by you multiplied by its then
prevailing NAV per unit.
1 2
4. Total Fund Value under this plan is the total of Regular (iii) 105 percent of the total Regular/Single Premiums paid
/Single Premium Fund Value and Top-up Premium Fund up to the date of death
Value, if any. The Fund Value represents the total value of In addition to this:
your investments to date and is the balance of all units
Highest of
allocated to the investment fund/s chosen by you
multiplied by its then prevailing NAV per unit. (i) the approved Top-up Sum Assured(s) or
(ii) Top-up Premium Fund Value of this Policy or
What are your benefits? (iii) 105 percent of the total Top-up Premiums paid up to
Maturity Benefit the date of death
On survival to the end of the policy term, you will receive the is also payable provided the Policyholder has a Top-up
Total Fund Value which is sum of Regular/ Single Premium Premium Fund Value.
Fund Value and Top-Up Premium Fund Value valued at Benefit Illustration
applicable NAV on the date of Maturity.
To illustrate the above benefits let’s have a look at the following
Death Benefit Benefit Illustration*
In case of death of the Life Insured during the policy term and The table below gives the Total Maturity Benefit for a healthy
while the policy is in force, the Nominee/ legal heir will get, person aged 35 years at standard age proof
Highest of
• Fund Allocation: 50% in Large Cap Equity Fund and 50%
(i) the Basic Sum Assured, or in Whole Life Mid Cap Equity Fund
(ii) the Regular/Single Premium Fund Value of this Policy • Annualized Regular Premium: r1,00,000
or • Mode of payment: Annual /Single

Higher Rate Illustration (8%) Lower Rate

Guaranteed Illustration (4%)
Premium Annual Total Benefits
Age Policy Paying Regular Premium Premium
Non Guaranteed Non Guaranteed
(Years) Term Term Premium## Payable## Multiple
Benefits Benefits
(Years) (Years) (r) (R) chosen Basic Sum
Assured (r) Total Maturity Net Yield** Total Maturity
Benefits# (r) @ 8% Benefits# (r)
35 65 Single 1,00,000 1,00,000 1.25 1,25,000 58,63,362 6.76% 4,03,034
35 65 7 1,00,000 7,00,000 17.5 17,50,000 3,39,93,464 6.77% 23,82,834
35 65 10 1,00,000 10,00,000 17.5 17,50,000 4,58,12,843 6.79% 44,12,1256
35 65 15 1,00,000 15,00,000 17.5 17,50,000 6,10,63,271 6.81% 65,80,821
*Some benefits are guaranteed and some benefits are variable (Non-guaranteed) with returns based on the future performance of the opted funds and fulfillment of other
applicable policy conditions. #Total Maturity Benefit is inclusive of Loyalty Additions and exclusive of Goods and Services Tax and cess as applicable. For benefit values net
of Goods and Services Tax and cess as applicable please refer to the Benefit illustration. ##”Goods and Services Tax and cess as applicable and TDS” are applicable as
per governing laws. Tata AIA Life Insurance Company Limited reserves the right to recover from the Policyholder, any levies and duties (including Goods and Services Tax
and cess as applicable and TDS), as imposed by the government from time to time. Kindly refer to Benefit illustration for exact premium. **Computation of the net yield
excludes Mortality Charges and Goods and Services Tax and cess as applicable on charges as applicable.

Loyalty Additions The Loyalty Additions will be credited only if the policy is in
force and all due premiums have been paid. Loyalty Additions
As a reward for your loyalty, additional units at the rate of
are not payable on Top-up Premium Account
0.20% of the units in each of the funds under the Regular
Premium Account will be credited (post deduction of What are your investment avenues?
applicable charges) to the respective funds every policy
anniversary starting from eleventh (11th) Policy Anniversary till This product offers you the flexibility to save in a manner that
the end of the policy term. suits your risk profile and individual needs.

If you have chosen a single pay option, the additional units at a) You can choose from the 21 investment fund options
the rate of 0.35% of units in each of the funds under the Single OR
Premium Account will be credited (post deduction of b) Choose the following PORTFOLIO STRATEGY
applicable charges) to the respective funds every policy
anniversary starting from sixth (6th) Policy Anniversary till the i) Enhanced Systematic Money Allocation & Regular
end of the policy term. Transfer (Enhanced SMART)

3 4
a) You can choose from a variety of funds Mid Cap Equity Fund, Whole Life Aggressive Growth
Your allocable Regular/ Single Premium and Top- Ups (if Fund, Whole Life Stable Growth Fund, Whole Life
any) are allocated in one or more investment funds as per Income Fund and Whole Life Short-term Fixed Income
your chosen asset allocation. You have an option of Fund, Flexi Growth Fund, Constant Maturity Fund,
choosing any or all of the 21 Funds or such funds which are Target Maturity fund, Small Cap Discovery fund,
available at the time of allocation, based on your preferred Business cycle fund, Rising India Fund, Midcap
asset allocation. Momentum Index Fund. If you wish to diversify your risk,
you can choose to allocate your premiums in varying
We offer 21 investment funds ranging from 100% debt to proportions amongst the 21 investment funds.
100% equity to suit your particular needs and risk appetite
Our wide range of funds gives you the flexibility to redirect
– Emerging Opportunities Fund, Sustainable Equity
future premiums and change your premium allocation
Fund, Dynamic Advantage Fund, Multi Cap Fund, India
percentages from that point onwards. Also you can switch
Consumption Fund, Top 50 Fund, Top 200 Fund, Super monies from one investment fund to another at any time.
Select Equity Fund, Large Cap Equity Fund, Whole Life Switches must however be within the investment funds
offered under this plan.

Investment Fund Fund Objective Asset Allocation Minimum Maximum

The primary investment objective of the Fund is
to generate capital appreciation in the long term Equity 80% 100%
by investing in a portfolio of stocks that offer
Emerging opportunities in the Mid Cap space and
Opportunities Fund Debt Instruments 0% 10%
emerging leaders in the new age sectors offering High
(ULIF 064 12/09/22 significant long-term wealth creation. The fund
EOF 110) can invest up to 30% of the portfolio in equity Money Market Instruments, Cash,
and equity related instruments falling outside the Bank Deposits and Mutual Funds 0% 20%
mid-cap range.
To focus on investing in select companies from Equity 80% 100%
Sustainable Equity
Fund (ULIF 065 the investment universe, which conduct High Debt Instruments 0% 20%
12/09/22 ESG 110) business in socially and environmentally
responsible manner while maintaining Money Market Instruments, Cash,
Bank Deposits and Mutual Funds 0% 20%
governance standards.
The primary investment objective of the Fund is Equity 60% 100%
Multi Cap Fund (ULIF to generate capital appreciation in the long term
060 15/07/14 MCF by investing in a diversified portfolio of Large Cap
High Debt Instruments 0% 40%
110) and Mid Cap companies The allocation between
Large Cap and Mid Cap companies will be largely Cash / Money Market Instruments,
a function of the relative valuations of Large Cap 0% 40%
Bank Deposits and Mutual Funds
companies as against Mid Cap companies.
The primary investment objective of the Fund is
to generate capital appreciation in the long term Equity 60% 100%
India Consumption by investing in a diversified portfolio of
Fund (ULIF 061 companies which would benefit from India’s High Debt Instruments 0% 40%
Domestic Consumption growth story. The India
15/07/14 ICF 110)
Consumption Fund could provide an investment
opportunity in the theme of rising consumption Cash / Money Market Instruments, 0% 40%
power in India for long term returns. Bank Deposits and Mutual Funds
Equity Instruments 60% 100%
The primary investment objective of the fund is to
Top 50 Fund (ULIF 026 Cash/ Money Market Instruments
generate long term capital appreciation by High 0% 40%
12/01/09 ITF 110) (including CP/CD), Bank Deposits
investing in select stocks.
and Mutual Funds

5 6
 Investment Fund Fund Objective Asset Allocation Minimum Maximum
The Top 200 Fund will invest primarily in select
stocks which are a part of BSE 200 Index with a Equity Instruments 100%
60%
focus on generating long term capital appreciation.
The Fund will not replicate the index but aim to
attain performance better than the performance of
Top 200 fund (ULIF
High
027 12/01/09 ITT 110) the Index. As a defensive strategy arising out of
market conditions, the scheme may also invest in Cash/ Money Market Instruments
debt and money market instruments. (including CP/CD), Bank Deposits 0% 40%
Objective: The primary investment objective of the and Mutual Funds
fund is to generate long term capital appreciation
by investing in select stocks.
The Super Select Equity Fund will invest significant
amount in equity and equity linked instruments Equity and Equity
60% 100%
specifically excluding companies predominantly linked Instruments
dealing in Gambling, Lotteries/Contests, Animal
Produce, Liquor, Tobacco, Entertainment (Films,
TV etc) Hotels, sugar, leather, Banks and Financial
Super Select Equity Institutions. The risk profile of the fund is high. The
Fund (ULIF 035 cash holding of the Fund will be kept below 40% of Debt Instruments 0% 40%
High
16/10/09 TSS 110) the Fund or according to the prevailing regulatory
guidelines at each point of time.
Objective: The primary investment objective of the
fund is to provide income distribution over a period Cash/ Money Market Instruments
of medium to long term while at all times (including CP/CD), Bank 0% 40%
emphasizing the importance of capital Deposits and Mutual Funds
appreciation

The primary investment objective of the Fund is to Equity and Equity

80% 100%
Large Cap Equity Fund linked Instruments
generate long - term capital appreciation from a
(ULIF 017 07/01/08 High
portfolio that is invested pre-dominantly in large Cash / Money Market Instruments,
TLC 110) cap equity and equity linked securities. 0% 20%
Bank Deposits and Mutual Funds
The primary investment objective of the Fund is to Equity and Equity
Whole Life Mid Cap 60% 100%
generate long – term capital appreciation from a linked Instruments
Equity Fund(ULIF 009 High
portfolio that is invested pre-dominantly in Mid Cap Cash/Money Market Instruments,
04/01/07 WLE 110) 0% 40%
Equity and Mid Cap Equity linked securities. Bank Deposits and Mutual Funds
Equity 20% 80%
Dynamic Advantage
The primary investment objective of the Fund is Medium Debt Instruments 20% 80%
Fund (ULIF 066
to maximize the returns with medium risk
12/09/22 DAF 110) Cash / Money Market Instruments,
Bank Deposits and Mutual Funds 0% 20%

Equity and Equity

The primary investment objective of the Fund is Linked instruments 50% 80%
Whole Life Aggressive to provide higher returns in long term by
Medium
Growth Fund(ULIF 010 investing primarily in Equities along with debt/ Debt Instruments 20% 50%
to High
04/01/07 WLA 110) money market instruments. Cash / Money Market Instruments,
Bank Deposits and Mutual Funds 0% 30%

Equity and Equity

Whole Life Stable The primary investment objective of the Fund is Linked instruments 30% 50%
Growth Fund(ULIF 011 to provide stable returns by balancing the Low to
Debt Instruments 50% 70%
04/01/07 WLS 110) investment in Equities and debt/ money market Medium
instruments. Cash / Money Market Instruments,
Bank Deposits and Mutual Funds 0% 20%

7 8
Investment Fund Fund Objective Asset Allocation Minimum Maximum
The primary investment objective of the Fund is
Whole Life Income to generate income by investing in a range of Debt Instruments 60% 100%
Fund (ULIF 012 debt and money market instruments of various Low
04/01/07 WLI 110) maturities with a view to maximizing the optimal Cash / Money Market Instruments, 0% 40%
balance between yield, safety and liquidity. Bank Deposits and Mutual Funds
Whole Life Short-Term The primary investment objective of the Fund is to Debt Instruments of
generate stable returns by investing in fixed income 60% 100%
Fixed Income Fund duration less than 3 years
securities having shorter maturity periods. Under Low
(ULIF 013 Cash / Money Market Instruments,
normal circumstances, the average maturity of the 0% 40%
04/01/07 WLF 110) Fund may be in the range of 1-3 years. Bank Deposits and Mutual Funds

The primary investment objective of the Fund is Equity 70% 100%

Flexi Growth
Fund (SFIN: ULIF to generate capital appreciation in the long term High Debt Instrument 0% 10%
068 25/04/23 FGF by investing in a portfolio of stocks across market
Money Market Instrument, Cash,
110) capitalization. 0% 30%
Bank Deposits and Mutual funds
Debt Instruments - Government
The fund aims to provide reasonable returns over
Securities such that weighted
long term by investing in portfolio of Government
Constant Maturity average portfolio maturity of 80% 100%
Securities while maintaining constant average
Fund (SFIN: ULIF 069 Medium around 10 years (in the range of
maturity of the portfolio (ex - Cash/ Money
17/05/23 CMF 110) 8-12 years)
Market Instruments, Bank Deposits and Mutual
Funds) in the range of 8-12 years Money Market Instrument, Cash,
0% 20%
Bank Deposits and Mutual funds

The fund aims to provide reasonable returns over Government Securities (Residual
long term by investing in portfolio of Government maturity of any Government
Securities. The fund shall have the maturity on Securities forming part of the
Target Maturity portfolio shall be between the 80% 100%
31st Dec 2053. The residual maturity of any
Fund (SFIN: ULIF 070 Government Securities forming part of the Medium fund maturity date and date 5
17/05/23 TMF 110) portfolio shall be between the fund maturity date years before the fund maturity
and date 5 years before the fund maturity date date (i.e. 1st Jan 2049).
(i.e.1st Jan 2049). Money Market Instrument, Cash,
0% 20%
Bank Deposits and Mutual funds
The primary investment objective of the Fund is
to generate capital appreciation in the long term Equity 70% 100%
Small Cap by investing in a portfolio of stocks in small-cap
Discovery Fund market capitalization. The fund will primarily
High Debt Instrument 0% 10%
(SFIN: ULIF 071 invest in carefully selected small-cap companies
22/05/23 SCF 110) that offer opportunities for long-term value
creation. Minimum 65% of equity and equity Money Market Instrument, Cash,
related instruments of portfolio will comprise of 0% 30%
Bank Deposits and Mutual funds
small-cap stocks.
The investment objective of the Fund is to Equity instruments 70% 100%
Business Cycle Fund generate capital appreciation by investing
(SFIN: ULIF 072 predominantly in equity and equity-related High Debt 0% 30%
15/01/24 BCF 110) securities with a focus on investing in companies
and sectors to participate in the business cycles Money Market Instruments, Cash,
0% 30%
through active portfolio allocation. Bank Deposits and Mutual funds
The objective of the fund is to generate capital Equity instruments 70% 100%
Rising India Fund appreciation by investing predominantly in equity
(SFIN: ULIF 073 and equity-related securities with a focus to High Debt 0% 30%
17/01/24 RIF 110 invest in growth stories across the Indian
corporate landscape. Money Market Instruments, Cash,
0% 30%
Bank Deposits and Mutual funds

9 10
 Investment Fund Fund Objective Asset Allocation Minimum Maximum
The primary investment objective of the Fund is Equity instruments 0% 80%
Midcap Momentum to generate capital appreciation in the long term
Index Fund (SFIN: by investing in a portfolio of stocks indexed to the High Debt NA NA
ULIF 075 09/05/24 Nifty Midcap 150 Momentum 50 Index Fund,
subject to regulatory limits* Money Market Instruments, Cash,
MIF 110) 0% 20%
*Regulations may restrict us from investing in all the stocks Bank Deposits and Mutual funds
in line with their weights in the index from time to time

These funds have different risk profiles based on different types b) The Company shall inform IRDAI of such deferment in the
of asset classes that are offered under these funds. The returns valuation of assets. During the continuance of the force
are expected to vary according to the risk profile of the majeure events, all request for servicing the policy including
funds chosen. policy related payment shall be kept in abeyance.
In case of exceptional circumstances/force majeure events, c) The Company shall continue to invest as per the fund
asset allocation in Cash / Money Market Instruments in all mandates as chosen by You. However, the Company shall
above funds may go up to 100%, subject to prior approval of reserve its right to change the exposure of all or any part of
IRDAI. Exceptional circumstances may include: the Fund to Money Market Instruments [as defined under
i) Global financial or credit crisis, Regulations 2(j) of IRDAI (Investment) Regulations, 2016] in
ii) War like situation, circumstances mentioned under points (a and b) above.
The exposure to of the Fund as per the fund mandates as
iii) Political uncertainty chosen by You shall be reinstated within reasonable
iv) Events like Political/ Communal disturbance which affects timelines once the force majeure situation ends.
Indian economy and in turn impacts severely on Fixed
d) Few examples of circumstances as mentioned [in point 3 (a
Income/ Equity market.
& b) above] are:
The company reserves the right to defer the payment of benefits i. when one or more stock exchanges which provide a
(other than death benefit) under this policy for a period not basis for valuation of the assets of the fund are closed
exceeding 30 days from the date of payment that would have otherwise than for ordinary holidays.
been normally effected if not for Exceptional circumstances
(external to the company), which situations such as where the ii. when, as a result of political, economic, monetary or
Insurer on receipt of the request for claim, is not able to liquidate any circumstances which are not in the control of the
the investments quickly owing to market circumstances. Company, the disposal of the assets of the fund would
be detrimental to the interests of the continuing
Examples of such circumstances are: policyholders.
a) When one or more stock exchanges which provide a basis iii. in the event of natural calamities, strikes, war, civil
for valuation for a substantial portion of the assets of the unrest, riots and bandhs.
fund are closed otherwise than for ordinary holidays.
iv. in the event of any force majeure or disaster that affects
b) During periods of extreme volatility of markets during which the normal functioning of the Company.
complete withdrawals and switches would, in our opinion and
e) In such an event, an intimation of such force majeure event
based on the Board approved Investment Policy, be
shall be uploaded on Our website for information.
detrimental to interest of the policyholder.
c) In case of natural calamities, strikes, wars, civil unrest & Discontinued Policy Fund:
riots. The investment objective for Discontinued Policy Fund is to
d) If so directed by IRDAI provide capital protection and a minimum return as per
regulatory requirement with a high level of safety and liquidity
This provision will be applicable only when exceptional through judicious investment in high quality short-term debt.
circumstances external to the company arise. The strategy is to generate better returns with low level of risk
through investment in fixed interest securities having short term
FORCE MAJEURE PROVISIONS
maturity profile. The risk profile of the fund is very low. There is
a) The Company shall value the Funds (SFIN) on each day for a minimum guarantee of interest @ 4% p.a. or as prescribed by
which the financial markets are open. However, the IRDAI from time to time.
Company may value the SFIN less frequently in extreme Asset allocation:
circumstances external to the Company i.e. in force
majeure events, where the value of the assets is too Instrument Allocation
uncertain. In such circumstances, the Company may defer Government Securities 60% - 100%
the valuation of assets for up to 30 days until the Company Money Market Instruments 0% - 40%
is certain that the valuation of SFIN can be resumed.

11 12
Although the funds are open ended, the Company may, as per Debt oriented funds Equity oriented funds
Board approved policy and subject to prior approval from
• Emerging Opportunities Fund
IRDAI, completely close any of the funds. The Policyholder will
• Sustainable Equity Fund
be given at least three months’ prior written notice of our
• Whole Life Income Fund • Large Cap Equity Fund
intention to close any of the Funds completely or partially
• Whole Life Short-Term • Whole Life Mid Cap Equity Fund
except in ‘Force Majeure’, where we may give a shorter notice.
Fixed Income Fund • Multi Cap Fund
In case of complete closure of a Fund, on and from the date of • Constant Maturity Fund
• India Consumption Fund
such closure, we shall cease to issue and cancel units of the • Target Maturity Fund
said Fund and cease to carry on activities in respect of the said • Top 50 fund
Fund, except such acts as are required to complete the • Top 200 fund
closure. In such an event if the Units are not switched to • Super Select Equity Fund
another Fund by the Policyholder, we will switch the said units • Flexi Growth Fund
to any other appropriate Fund with similar characteristics as • Small Cap Discovery Fund
per Board approved policy, with due weightage for the • Business Cycle Fund
respective NAVs at the time of switching, subject to prior • Rising India Fund
approval from the Authority. • Midcap Momentum Index Fund
In such an event if the Units are not switched to another Fund This strategy is applicable till premium payment term
by the Policyholder, we will switch the said units from the funds only and is not available with top-up premium fund.
opted by the policyholder to the default fund as follows:
Through Enhanced SMART, your entire annual/single
Closed Fund Default Fund allocable premium will be parked in the chosen debt
Emerging Opportunities Fund, oriented fund along with any existing units in that fund,
Sustainable Equity Fund, Whole Life if any. These combined units in the chosen debt
Large Cap Equity Fund
Mid Cap Equity Fund, Multi Cap Fund, oriented fund will be systematically transferred on a
India Consumption Fund, Top 50 monthly basis to the chosen equity oriented fund. All
Fund, Top 200 Fund, Super Select your future allocable premiums will also follow the same
Equity Fund, Flexi Growth Fund, Small pattern as long as Enhanced SMART is active on your
Cap Discovery Fund, Business Cycle
Fund, Rising India Fund, Midcap
plan. Switching to/from the Enhanced SMART funds to
Momentum Index Fund other available funds is not allowed.
Whole Life Aggressive Growth Fund, Whole Life Stable Thus, while the stock market remains volatile and
Dynamic Advantage Fund, Constant Growth Fund unpredictable, Enhanced SMART strategy offers a
Maturity Fund, Target Maturity Fund systematic way of rupee cost averaging. However, all
investments through this option are still subject to
Whole Life Short Term
Whole Life Income Fund investment risks, which shall continue to be borne by you.
Fixed Income Fund
A portion of total units in the chosen debt oriented fund
If default Fund as mentioned in the table above is closed, then shall be switched automatically into the chosen equity
we will switch the said Units to any other appropriate Fund with oriented fund in the following way:
similar characteristics as per Board approved policy, with due
Monthly Enhanced SMART
weightage for the respective NAVs at the time of switching,
subject to prior approval from the Authority. Policy Month 1 1/12 of the units available at the beginning
of Policy Month 1
b) Choose the following PORTFOLIO STRATEGY: Policy Month 2 1/11 of the units available at the beginning
i) Enhanced Systematic Money Allocation & Regular of Policy Month 2
Transfer (Enhanced SMART) ___________________________________________________
Enhanced SMART is a systematic transfer plan Policy Month 6 1/ 7 of the units available at the beginning
available only to the policies with the annual/ single of Policy Month 6
mode of payment. It allows a customer to enter the ___________________________________________________
volatile equity market in a structured manner under the
Policy Month 11 ½ of the units available at the beginning of
Regular/Single Premium Fund. Under Enhanced
Policy Month 11
SMART, you need to choose two funds, a debt
oriented fund and an equity oriented fund. Please refer Policy Month 12 Balance units available at the beginning of
to table below for the choice of available funds: Policy Month 12

13 14
The following are the notable features of Enhanced SMART: - • Through the annual statement detailing the number of units
• Enhanced SMART can be availed at the option of the you have in each investment fund and their respective then
prevailing NAV; and
policyholder, exercisable at policy inception or on any
policy anniversary. A written request to commence, change • Through the published NAVs of all investment funds on our
or restart Enhanced SMART should be received 30 days in website and Life council’s website.
advance of the policy anniversary. The request shall take
effect on the following policy anniversary. Once chosen the
What are the other benefits in your policy?
strategy will be applicable for future premiums for all the This is a single/ limited payment policy with protection for
premium payment terms except single premium. whole of life and it is in your best interest to stay invested for the
entire term. This will enable you to pay for a short term and
• Request for commencement, change or restart of enjoy all the special benefits offered under this innovative
Enhanced SMART will be subject to all due premiums product for the rest of your life. However, for contingency
being paid. needs during the term of the policy, you may avail of the Partial
• Enhanced SMART option is available only to the policies Withdrawal option. In case if you have a surplus income, you
with the annual/single mode of payment. may invest the same in your plan though top-ups.
• The automatic fund switches in the Enhanced SMART Flexibility of Partial Withdrawals
option are available out of the 12 free switches. Partial Withdrawal Facility is designed to provide liquidity to you
• Enhanced SMART is free of any charge. to meet any immediate financial need. The withdrawal from the
fund is allowed after the first five policy years from the date of
• The policyholder will have the option to stop the Enhanced
issuance of the policy, provided the policy is in force. Under this
SMART at any point of time by a written request and it shall
facility, you can also opt for Systematic Withdrawal Plan (SWP).
take effect from the next Enhanced SMART switching that
follows the Company’s receipt The following conditions apply on partial withdrawals:
• Manual fund switching for the two funds selected for • Partial withdrawal from the Top-up Premium Fund can be
activation of Enhanced SMART is not allowed. Manual fund allowed any time after the first five policy years from the
switching is allowed on other available funds at applicable date of acceptance of each such Top-up Premium paid.
charges. For Top-up premiums, manual switching option • For Regular/ Limited Premium policy, minimum partial
will be available at applicable charges. withdrawal amount is R 1000, subject to Total Fund Value
post such withdrawals being not less than an amount
• Any amount remaining in regular premium funds other than
equivalent to two year’s Annualized Regular Premium.
the two funds selected for activation of Enhanced SMART,
would continue to remain invested in those funds. • For Single Premium policy, minimum partial withdrawal
amount is R 1000, subject to Total Fund Value post such
• Enhanced SMART Option will not be available during
withdrawals being not less than an amount equivalent to
Discontinuance of Premium. On revival of the policy, you
5% of Single Premium paid.
can opt for Enhanced SMART again.
• Partial withdrawal is allowed only after insured attains 18
• In Case of Single Premium option: years of age.
- Enhanced SMART strategy can only be opted for at • There are no Partial Withdrawal Charges.
policy inception.
• Partial Withdrawals should be made first from the fund built
- Enhanced SMART strategy will be applicable for policy up from Top-up Premium (if any) and then from the fund
year 1 only. built up from the base premium if the amount in the Top-up
- From the end of year 1, the amount will remain invested Premium Fund is insufficient.
in the Equity oriented fund as chosen by customer • Any number of partial withdrawals can be made in a policy
under Enhanced SMART strategy. year provided the total amount of partial withdrawals in a
- Customer has an option to do manual fund switching policy year does not exceed 25% of the fund value.
to other available funds after the end of policy year 1. • The partial withdrawals shall not be allowed if it would
The Company may cease offering Enhanced SMART by giving result in termination of the contract.
30 days of written notice subject to prior approval of Insurance Systematic Withdrawal Plan (SWP)
Regulatory and Development Authority of India.
You also have an option to opt for Systematic Withdrawal Plan
Tracking and Assessing Your Investments (SWP), under Partial withdrawal facility, where you will be
You can monitor your investments allowed to withdraw from the fund at pre-defined intervals.
• On our website (www.tataaia.com); Such withdrawals can be a predefined percentage of the fund

15 16
value or a pre-defined absolute amount subject to a maximum 3
Monthly Premium = 0.0833 of Annualized Premium, Quarterly
limit on total partial withdrawal of 25% of the fund value in a Premium = 0.25 of Annualized Premium, Semi-annual
policy year. premium = 0.50 of Annualized Premium subject to minimum
For example, if you wish to withdraw 5% of the fund value premium conditions for each mode.
every year, then 5% of fund value shall be paid out to you as Flexibility of Additional Coverage4
per the specified payout frequency.
You have further flexibility to customize your product by adding
The following conditions shall apply on SWP: the following optional riders
• The policyholder may take the payout monthly, quarterly, The Policyholders have an option to choose from a set of
half-yearly, yearly or on specified date(s). The payouts shall unit-deducting or a set of premium-paying riders.
be payable in advance.
The set of unit-deducting riders are as below:
• You can opt for the plan at the policy inception or anytime
The charges for these riders, if opted for, will be recovered by
during the policy term. You also have an option to modify or
cancellation of units from the basic plan.
opt-out of the plan by notifying the company at least
30-days prior to the payout. You may choose to opt-in For Limited Pay :
again as per the requirements on a later date. 1. Tata AIA Life Insurance Waiver of Premium (Linked) Rider
• The conditions applicable to Partial Withdrawal, shall be 2. Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider
applicable to Systematic Withdrawal Plan as well. 3. Tata AIA Life Insurance Accidental Death and
• Both SWP and partial withdrawal can be availed Dismemberment (Long Scale) (ADDL) Linked Rider
simultaneously provided the above conditions are met. For Single Pay- the Policyholders have an option to choose
Flexibility of Top-ups the following rider:
You have the flexibility to pay additional premium as ‘Top-up 1. Tata AIA Life Insurance Accidental Death and
Premium’, provided the policy is in force Dismemberment (Long Scale) (ADDL) Linked Rider
• Top-up premiums can be paid any time except during the Tata AIA Life Insurance Accidental Death and
last five years of the policy term, subject to underwriting, as Dismemberment (Long Scale) (ADDL) Linked Rider (UIN:
long as all due premiums have been paid. 110A027V02 or any later version)
• You can Top-up your policy up to four times in a policy year. This rider ensures protection of your family by paying your
• The minimum Top-up amount is `5,000/-. Acceptance of nominee an amount equal to the rider sum assured in case of
Top up Premium is subject to prevailing underwriting rules. an accidental death. In case of severe dismemberment like loss
• Top-up premiums can be allocated in any proportion of limbs or bodily functions or severe burns due to an accident,
between the funds offered as chosen by the policyholder. it will pay a percentage of the rider sum assured as per the
ADDL benefit chart. The benefits will be doubled in case of
• Every Top up Premium will have a lock- in period of five
certain accidental death or dismemberments.
years from the date acceptance of such Top up premiums
except in case of complete withdrawal of policy. This rider will be allowed from entry age of 18 years up to 60
• At any point of time, the total Top-up premiums paid shall years and maximum maturity age of 70 years.
not exceed the sum of the total regular premiums / single Tata AIA Life Insurance Waiver of Premium (Linked) Rider
premium paid (UIN: 110A026V02 or any later version)
• Top-up premiums are subject to charges as described This rider provides for the waiver of all future premiums of the
under "What are my Policy charges?" basic policy which fall due while the proposer is totally and
Top-up Sum Assured permanently disabled (provided that the disability commences
before the proposer reaches 65 years or the end of premium
Your Sum Assured will increase by Top-up Sum Assured when payment term of the basic plan, whichever is earlier). This rider
you avail of a Top-up, subject to underwriting. will be allowed from entry age of 18 years up to 60 years and
Top-up Sum Assured will be Top-Up Multiple * Top-Up Premium maximum maturity age of 65 years.
Top-up Premium Multiple is 1.25 Tata AIA Life Insurance Waiver of Premium Plus (Linked)
Increase or decrease in the Top-up Sum Assured is not Rider (UIN: 110A025V02 or any later version)
allowed. This rider provides for the waiver of all future premiums of the
Flexibility of Premium Mode basic policy which fall due in case of death or while the
proposer is totally and permanently disabled (provided that the
You may choose to pay your premiums3Annually, death occurs /disability commences before the proposer
Semi-annually, Quarterly, Monthly or even single time as per reaches 70 years or the end of premium payment term of the
your convenience.
17 18
basic plan, whichever is earlier). This rider will be allowed from Credit/Debit of Units
entry age of 18 years up to 65 years (of the Proposer) and Premiums received, after deducting the Regular Premium/
maximum maturity age of 70 years (of the Proposer).
Single Premium / Top-up Premium Allocation Charge and
The set of premium-paying riders are as below: applicable Goods and Services Tax and cess as applicable, will
1. Tata AIA Vitality Protect Plus (UIN: 110A048V02 or any later be used to purchase Units at the NAV according to your
version) instruction for allocation of Premium. Units purchased by
Regular /Single Premium and Top-up Premium, net of payable
2. Tata AIA Vitality Health Plus (UIN: 110A047V02 or any later
premium allocation charge and applicable Goods and Services
version)
Tax and cess as applicable will be deposited into the
3. Tata AIA Life Insurance Linked Comprehensive Health Regular/Single Premium Fund Value and Top-up Premium
Rider (UIN: 110A031V03 or any later version) Fund Value respectively.
4. Tata AIA Life Insurance Linked Comprehensive Protection Where notice is required (Partial Withdrawal, Complete
Rider (UIN: 110A032V03 or any later version) withdrawal or death of the Insured), Units being debited shall
The above premium-paying riders can be attached at policy be valued by reference to their NAV as specified in the section
inception or any policy anniversary of the base plan subject to “Cut-off time for determining the appropriate valuation date”
the rider premium payment term and the policy term shall not Cut-off time for determining the appropriate valuation date
be more than the outstanding premium payment term and
The business day valuation date at which NAV will be used
outstanding policy term for the base plan. to purchase or redeem Units shall be determined in the
Any minimum and maximum sum assured limits on all the following manner:-
above unit-deducting and premium-paying riders (as stipulated a) Purchase & Allocation of Units in respect of Premiums
in the respective Rider File & Use document) will remain received or Fund Value(s) switched in:
applicable, irrespective of the fact that lower or higher sum
• If the premiums, by way of cash or a local cheque or a
assured might be chosen as the base cover under this plan.
demand draft payable at par or the request for
If there is overlap in benefit offered under different riders with switching in Fund Value(s) is/are received by us at or
the base product, then that benefit under the rider will not before 3:00 p.m. of a Business Day at the place where
be offered. these are receivable, NAV of the date of receipt or the
Such rider attachments will be as per the ‘Board approved due date, whichever is later shall apply.
underwriting policy’ (BAUP) of the Company. • If the premium/s, by way of cash or a local cheque or a
At no point, both unit-deducting rider and premium-paying demand draft payable at par or the request for switching
rider shall be allowed to be attached during the policy term of in Fund Value(s) is/are received by us after 3:00 pm of a
a policy. business day, at the place where these are receivable,
4
These are Unit deducting riders and no separate premium needs to be paid.
NAV of the next business day following the receipt or the
For more details on the benefits, premiums and exclusions under these due date, whichever is later shall apply.
riders please refer to the Rider Brochure or contact our Insurance advisor or • If the premium/s is received by us by way of an
visit our nearest branch office
outstation cheque/outstation demand draft, NAV of the
How is the NAV calculated? date of on which these instruments are realized
shall apply.
The Net Asset Value (NAV) of the segregated funds shall be
• In case of proposals or requests for Top-up Premium
computed as:
where underwriting or Our approval is required, the
Market value of investment held by the fund + value of current closing NAV of the day on which underwriting/approval
assets - (value of current liabilities and provisions, if any) is completed in all respects or the date of receipt of
------------------------------------------------------------------------ premium (in case of cash or local cheque or demand
draft payable at par) or the date of cheque/demand
Number of units existing on Valuation Date (before draft realization (in case of an outstation
creation/redemption of units) cheque/demand draft) whichever is later shall apply.
The Net Asset value (NAV) will be determined and published • If premiums are received via standing instruction (such
daily in various financial newspapers and will also be available as auto pay, credit cards, electronic clearing system
on www.tataaia.com, the official website of Tata AIA Life. All etc) the same procedure as for local cheques will apply
you have to do is multiply the number of Units you have with with the date of sending the collection request to the
the published NAV to arrive at the value of your investments. relevant bank/financial institution being taken as the
date of receipt of the local cheque.
19 20
b) Sale & Redemption of Units in respect of withdrawals, All such discontinued policies shall be provided a revival
surrender, Fund Value(s) switched out, death claim: period of three years from date of first unpaid premium. On
• If a valid request/application is received by us at or such discontinuance, we shall communicate the status of
before 3:00 pm of a Business Day, NAV of the date of the policy, within three months of the first unpaid premium,
receipt shall apply. to the Policyholder and provide the option to revive the
• If a valid request/application is received by us after 3:00 policy within the revival period of three years.
pm of a Business Day, NAV of the next business day
following the receipt shall apply. i) In case the Policyholder opts to revive but does not
revive the policy during the revival period, the proceeds
Minimum Guaranteed Interest Rate
of the Discontinued Policy Fund shall be paid to the
The minimum guaranteed interest rate applicable to the Policyholder at the end of the revival period or lock-in
discontinued fund shall be declared by the Authority from time
to time. The current minimum guaranteed interest rate period whichever is later. In respect of revival period
applicable to the discontinued fund is 4% per annum. ending after lock-in period, the policy will remain in
The excess income earned in the discontinued fund over and discontinuance fund till the end of revival period. The
above the minimum guaranteed interest rate shall also be Fund management charges of discontinued fund will
apportioned to the discontinued policy fund in arriving at the be applicable during this period and no other charges
proceeds of the discontinued policies and shall not be made will be applied.
available to the shareholders.
ii) In case the Policyholder does not exercise the option
W h a t a re t he o pti ons to manage my as set out above, the policy shall continue without any
risk cover and rider cover, if any, and the policy fund
i n ve stm e n ts 5 ? shall remain invested in the discontinuance fund. At the
We offer you ample flexibility to manage your money so that end of the lock-in period, the proceeds of the
you can reap maximum benefits of your funds. discontinuance fund shall be paid to the Policyholder
and the policy shall terminate.
Switching Between the Funds
iii) However, the Policyholder has an option to surrender
During the policy term, you may switch from one fund to the policy anytime and proceeds of the discontinued
another as per your outlook about the markets. Switching may
policy shall be payable at the end of lock-in period or
be restricted if the Enhanced SMART is chosen. Please refer to
Enhanced SMART strategy for details. A total of 12 free date of surrender whichever is later.
switches are allowed in a policy year after which charges will be b. For Single Premium Policies:
applicable on further switches as shown under “What are my In case of Single premium policies, the Policyholder has an
Policy Charges?" option to surrender any time during the lock-in period.
Premium Re-direction Upon receipt of request for surrender, the fund value, after
deducting the applicable Discontinuance Charges, shall be
Premium Re-direction facility helps you to allocate future
credited to the Discontinued Policy Fund.
premiums to a different fund or set of funds. There is no
Premium-Redirection charge. Premium Re-direction will not be The policy shall continue to be invested in the Discontinued
allowed if Enhanced SMART is chosen. Policy Fund and the proceeds from the discontinuance
6
Please contact our Insurance Advisor or visit our nearest branch office for fund shall be paid at the end of lock-in period. Only fund
further details. management charge can be deducted from this fund
during this period. Further, no risk cover shall be available
What if I want to discontinue paying premiums? on such policy during the discontinuance period.
Discontinuance of Premiums “Proceeds of the Discontinued Policy” means the fund
Discontinuance of Premium within Five Years from the value as on the date of discontinuance plus entire income
Date of Commencement (Discontinuance of the policy earned after deduction of the fund management charges,
during lock-in period): subject to a minimum guarantee of interest @ 4% p.a. or as
prescribed by IRDAI from time to time.
a. For Regular/ Limited Premium Policies:
In case of any attachable optional rider – The status for
Where a Regular/ Limited Premium due before the fifth rider will be same as base plan. i.e. if Regular/ Limited
policy anniversary remains unpaid at the end of the Grace Premium payment option is chosen under base plan, then
Period, in case of discontinuance of policy due to the rider will be lapsed and can be revived within 3 years.
non-payment of premium, the fund value after deducting
the applicable Discontinuance Charges, shall be credited Discontinuance of Premium after Five Years from the Date
to the Discontinued Policy Fund and the risk cover and of Commencement (Discontinuance of Policy after the
rider cover, if any, shall cease lock-in-Period):

21 22
a) For Regular/ Limited Premium Policies: n=Total number of Premiums payable for the entire premium
Upon expiry of the grace period, in case of discontinuance paying term
of policy due to non-payment of premium after lock-in A reduced paid-up policy will continue as per policy terms and
period, the policy shall be converted into a reduced paid up conditions and charges as mentioned under “What are the
policy with the paid-up sum assured i.e. original sum charges in your policy?" shall continue to be deducted.
assured multiplied by the total number of premiums paid to
the original number of premiums payable as per the terms Policyholder will have an option of resuming payment of
and conditions of the policy. The policy shall continue to be premiums with full sum assured before the end of revival period
in reduced paid-up status without rider cover, if any. All of three years from the date of first unpaid premium.
charges as per terms and conditions of the policy may be
deducted during the revival period. However, the mortality Top-ups will not be allowed when the policy is in reduced
charges shall be deducted based on the reduced paid up paid-up status.
sum assured only. Partial Withdrawal will be allowed during the reduced
On such discontinuance, Insurer shall communicate the paid-up status.
status of the policy, within three months of the first unpaid
premium, to the policyholder and provide the following What if I want to discontinue the policy?
options: Surrender Benefit and Surrender Terms & Conditions
(1) To revive the policy within the revival period of three The policyholder can completely withdraw his/her policy
years, or anytime during the policy term by intimating the company.
(2) Complete withdrawal of the policy. If policyholder requests for Complete Withdrawal from
the policy –
In case the policyholder opts for (1) above but does not
revive the policy during the revival period, the fund • Within the lock-in period; the surrender value i.e. the fund
value shall be paid to the policyholder at the end of the value less applicable discontinuance charges as on the
revival period. date of discontinuance shall be credited to the
‘Discontinued Policy Fund as maintained by the Company.
In case the policyholder does not exercise any option
The ‘Proceeds of the Discontinued Policy’ i.e. the fund
as set out above, the policy shall continue to be in
reduced paid up status. At the end of the revival period value as on the date of discontinuance plus entire income
the proceeds of the policy fund shall be paid to the earned after deduction of the fund management charges,
policyholder and the policy shall terminate. subject to a minimum guarantee of interest @ 4% p.a. or as
prescribed by IRDAI from time to time shall be paid to the
However, the policyholder has an option to surrender
policyholder after completion of the lock-in period.
the policy anytime and proceeds of the policy fund shall
be payable. In case of death of the insured during this period the
“Proceeds of the Discontinued Policy” shall be payable to
b) For Single Premium Policies:
the nominee immediately.
Policyholder has an option to surrender the Policy any time.
• After the Lock-in Period; the total fund value as on the date
Upon receipt of request for surrender, the Fund Value as on
Date of Surrender shall be payable. of complete withdrawal shall be paid to the policy holder.
Lock-in period means the period of 5 consecutive years from
Revival of a discontinued policy after lock-in period the date of commencement of the policy, during which period
Upon revival, the policy shall be revived restoring the original the proceeds of the discontinued policies cannot be paid by
risk cover in accordance with the terms and conditions of the the insurer, except in the case of death or upon the happening
policy. The rider may also be revived at the option of the of any other contingency covered under the policy.
policyholders.
At the time of revival, we: What are my policy charges?
i) Shall collect all due and unpaid premiums under base plan Premium Allocation Charge
without charging any interest or fee Regular Premium / Single Premium Allocation Charge as below
ii) may levy premium allocation charge as applicable will be deducted from the Regular Premium / Single Premium.
The net Regular Premiums/ Single Premium after deduction of
iii) shall not levy any other charges.
charges are invested in Funds as per your choice.
If Policy gets converted into Reduced Paid-up, policy will
continue with the reduced sum assured as defined below: For Single Pay
Reduced paid-up Sum Assured = Basic Sum Assured * (t / n) Premium Allocation Charge as a % of Single Premium
Where, Policy Year % of Single Premium
t = Total number of Premiums paid 1 3%

23 24
For Limited Pay Sr. Fund Name Fund Management
Premium Allocation Charge as a % of Annualised Premium No Charge per annum
Policy Year % of Annualised Premium 11 Whole Life Aggressive Growth Fund 1.10%
1 6.0% 12 Whole Life Stable Growth Fund 1.00%
2 6.0% 13 Whole Life Income Fund 0.80%
3 to 5 5.5% 14 Whole Life Short Term Fixed 0.65%
6 to 7 4.5% Income Fund
8 to 10 3.5% 15 Flexi Growth Fund 1.20%
11 year onwards 2.0% 16 Constant Maturity Fund 0.80%
17 Target Maturity Fund 0.80%
Top-up Premium Allocation Charge = 1.5% of Top-up premium 18 Small Cap Discovery Fund 1.20%
The regular / single premium and top-up premium allocation 19 Business Cycle Fund 1.20%
charges are guaranteed throughout the term of the policy. 20 Rising India Fund 1.20%
21 Midcap Momentum Index Fund 1.20%
The above premium allocation charges shall not exceed the
maximum premium allocation charge as declared by the Fund Management Charges are subject to revision by
Authority which currently stands at 12.5% of Annualised Company with prior approval of IRDAI but shall not exceed
1.35% per annum of the Fund value which is the maximum limit
Premium for any year.
currently specified by the Authority and can change from time
Policy Administration Charge to time.
A Monthly Policy Administration Charge will be deducted by A Fund Management Charge of 0.50% p.a. shall be charged
cancelling Units at the NAV from the Fund Value of the policy on Discontinued Policy Fund. The current cap on Fund
and this charge may be increased by upto a maximum of 5% Management Charge (FMC) for Discontinued Policy Fund is
p.a. compounded annually subject to a maximum of `500 per 0.50% p.a. and shall be declared by the Authority from time
month which are the current caps specified by the Authority to time.
and can change from time to time. Tabulated below is the Mortality Charge6
Monthly Policy Administration charge. The Mortality Charge of the Basic Policy will be deducted by
For Single Pay Option - 0.90% p.a. of Single Premium cancelling Units at the current NAV, from the Regular/Single
throughout the policy term Premium Fund value of the Policy on each Policy Month
Anniversary. In case of the Top-up Sum Assured, the same will
For Limited Pay Option - 0.75% p.a. of Annualised premium be deducted from the Top-up Premium Fund Value. If the
throughout the policy term Regular / Single Premium Fund Value is insufficient, then
Fund Management Charge mortality charge will be deducted from the Top-up Premium
Fund Value, if any and vice-versa.
A Fund Management Charge will be charged for each fund on
each valuation date at 1/365 of the following annual rates and Mortality charge = Sum at Risk (SAR) multiplied by the
applicable Mortality Rate for the month, based on the attained
will be applied on the total values of the unit linked funds as
age of the Life Assured.
given below:
Sum at Risk in each month for Regular / Single Premium
Sr. Fund Name Fund Management Account is the difference between:
No Charge per annum
a) Maximum of (Basic Sum Assured or 1.05 times total
1 Emerging Opportunities Fund 1.20% Regular/Single premiums paid)
2 Sustainable Equity Fund 1.20% and
3 Dynamic Advantage Fund 1.20%
b) Regular/Single Premium Fund Value at the time of
4 Multi Cap Fund 1.20% deduction of Mortality Charge
5 India Consumption Fund 1.20% Sum at Risk in each month for Top-up Premium Account is the
6 Top 50 fund 1.20% difference between:
7 Top 200 fund 1.20% a) Maximum of (Top-up Sum Assured, from the relevant
8 Super Select Equity Fund 1.20% Top-up Premium Fund Value or 1.05 times total Top-up
9 Large Cap Equity Fund 1.20% Premiums paid)
10 Whole Life Mid-cap Equity Fund 1.20% and

25 26
b) Top-up Premium Fund Value at the time of deduction of The following table shows discontinuance charges applicable
Mortality Charge. for Limited Pay Option
Maximum Maximum
Mortality Charges per 1000
Sample Age Where the policy Discontinuance Discontinuance
Sum at Risk (r) (per annum)
is discontinued Charges for the Charges for the
25 1.4940 during the policy policies having policies having
35 1.0700 year annualized premium annualized premium
up to R 50,000/- above R 50,000/-
45 1.9110
55 5.5670 Lower of 20% of Lower of 6% of
Annualised Premium or Annualised Premium or
6
The Mortality Charges will be guaranteed for the period of the policy term. 1 Regular Premium Fund Regular Premium Fund
Females and smokers lives will be treated at par with other standard lives
and will not be charged any extra amount
Value subject to a Value subject to a
maximum of R 3000 maximum of R 6000
For complete details on mortality charges visit us at
Lower of 15% of Lower of 4% of
www.tataaia.com
Annualised Premium or Annualised Premium or
Discontinuance Charge 2 Regular Premium Fund Regular Premium Fund
The policy holder can discontinue paying premium anytime Value subject to a Value subject to a
during the policy term by intimating to the company. However maximum of R 2000 maximum of R 5000
when the request for discontinuance from the policy is within Lower of 10% of Lower of 3% of
the lock-in period of 5 years from policy inception, total fund Annualised Premium or Annualised Premium or
value, net of discontinuance charges as on the date of 3 Regular Premium Fund Regular Premium Fund
discontinuance shall be put in the ‘Discontinued Policy Fund ’. Value subject to a Value subject to a
The ‘Proceeds of the Discontinued Policy’ i.e. the fund value as maximum of R 1500 maximum of R 4000
on the date of discontinuance plus entire income earned after Lower of 5% of Lower of 2% of
deduction of the fund management charges, subject to a Annualised Premium or Annualised Premium or
minimum guarantee of interest @ 4% p.a. or as prescribed by 4 Regular Premium Fund Regular Premium Fund
IRDAI from time to time shall be paid to the policyholder only Value subject to a Value subject
after completion of the lock-in period. maximum of R 1000 maximum of R 2000
The following table shows discontinuance charges applicable 5 and onwards Nil Nil
for Single Pay Option
There are no discontinuance charges applicable on the Top-up
Maximum Maximum
Premium Fund Value. The maximum discontinuance charge
Where the policy Discontinuance Discontinuance
shall not exceed the limits as decided by the Authority from
is discontinued Charges for the Charges for the
time to time.
during policies having Single policies having Single
the policy year Premium up to Premium above Partial Withdrawal Charge
R 3,00,000/- R 3,00,000/-
There are no Partial Withdrawal Charges under this plan.
Lower of 2% of Single Lower of 1% of Single
Premium or Single Premium or Single Fund Switching Charge
1 Premium Fund Value Premium Fund Value There are 12 (twelve) free switches per policy year. Thereafter a
subject to a maximum subject to a maximum charge of r100/- per switch will be applicable. This Charge
of R 3000/- of R 6000/- may be revised as deemed appropriate by the Company
Lower of 1.5% of Lower of 0.70% of subject to prior approval of IRDAI but shall not exceed a
Single Premium or Single Premium or maximum of r 250/- or the maximum Switching Charge
2 Single Premium Fund Single Premium Fund declared by the Authority from time to time.
Value subject to a Value subject to a
Miscellaneous Charge:
maximum of R 2000/- maximum of R 5000/-
Lower of 1% of Single Lower of 0.50% of Premium Re-direction Charge
Premium or Single Single Premium or There is no Premium Re-direction Charge.
3 Premium Fund Value Single Premium Fund
subject to a maximum Value subject to a The Company may alter all the above charges (except Mortality
of R 1500/- maximum of R 4000/- Charge and Premium Allocation Charges which are
Lower of 0.5% of Lower of 0.35% of
guaranteed throughout the term) by giving an advance notice
Single Premium or Single Premium or
of at least three months to the policyholder subject to the prior
4 Single Premium Fund Single Premium Fund
approval of IRDAI and will have prospective effect.
Value subject to a Value subject to a A policy will terminate as and when the total fund value
maximum of R 1000/- maximum of R 2000/- becomes less than or equal to 1% of Single Premium; OR as
5 and onwards Nil Nil and when the total fund value becomes less than or equal to

27 28
one Annualized Premium in case of regular premium policy; Quarterly Modes. For Policies on monthly mode the grace
except if any of the following conditions is true: period would be 15 days. During this period your policy is
a. Five policy years have not elapsed since the inception of considered to be in force with the risk cover as per the terms &
the contract conditions of the policy.
b. If the policy is in-force premium paying Backdating
On such termination the balance fund value shall be payable to Backdating is not allowed in this plan.
you. This situation may result because of the combined impact of
Policy Loan
partial withdrawals at inopportune time and fund performance.
Policy Loan is not allowed in this plan.
Policy Termination
Juvenile
All coverage under this Policy shall automatically terminate on
the occurrence of the earliest of the following: Where the Policy is issued on the life of a minor, the Policy shall
automatically vest in the Life Insured on his/her attaining age of
(1) Date of Maturity of policy
majority. On vesting, the Company shall recognize the Life
(2) Date of complete withdrawal Insured to be the Policyholder.
(3) Date of Death of the Insured, or Exclusions
(4) Date of end of lock-in-period/revival period, whichever is In case of death due to suicide within 12 months from the date
later in case of Discontinuance of Premium within 5 years, of commencement of the policy or from the date of revival of
provided the policy is not revived during the revival period. the policy, as applicable, the nominee or beneficiary of the
(5) A policy will terminate as and when the total fund value policyholder shall be entitled to fund value, as available on the
becomes less than or equal to 1% of Single Premium; OR date of intimation of death. Further, any charges other than
as and when the total fund value becomes less than or Fund Management charges (FMC) recovered subsequent to
equal to one Annualised Premium in case of regular the date of death shall be added back to the fund value as
premium policy; except if any of the following conditions available on the date of intimation of death.
is true: For exclusions on the rider benefits, please refer to the
a. Five policy years have not elapsed since the inception respective supplementary contract.
of the contract Tax Benefits
b. If the policy is in-force premium paying Income Tax benefits would be available as per the prevailing
On such termination the balance fund value shall be payable to income tax laws, subject to fulfillment of conditions stipulated
the policyholder. This situation may result because of the therein. Income Tax laws are subject to change from time to
combined impact of partial withdrawals at inopportune time time. Tata AIA Life Insurance Company Ltd. does not assume
and fund performance. responsibility on tax implication mentioned anywhere in this
document. Please consult your own tax consultant to know the
Terms and Conditions tax benefits available to you.
Free Look Period Value-added Service Feature:
If You are not satisfied with the terms & conditions, you can Health Management Services:
cancel the policy by giving written notice to the Company and
Life Insureds of TATA AIA Life Insurance Fortune Maxima
receive the non-allocated premium plus charges levied by
product who are eligible for the Health Management
cancellation of units plus fund value at the date of cancellation
Services will be eligible to avail Second Opinion / Personal
less (a) proportionate risk premium for the period of cover (b)
Medical Case Management / Medical Consultation
medical examination costs, if any and (c) stamp duty, along
services from service provider(s) affiliated to/registered with
with Goods and Services Tax on above which has been
the Tata AIA Life Insurance Co. Ltd. The services are
incurred for issuing the Policy. Such notice must be signed by expected to assist the eligible Life Insured to ascertain
You and received directly by the Company within 30 days correct diagnosis of a medical condition and obtain due
beginning from the date of receipt of the Policy Document, care for the Life Insured in case of illness.
whether received electronically or otherwise.
These services are subject to:
Grace Period • the availability of suitable service provider(s);
If you are unable to pay your Regular Premium on time, starting • primary diagnosis (wherever applicable) has been done
from the date of first unpaid premium, a grace period of 30 by a registered medical practitioner as may be
days will be offered for policies on Annual, Semi- Annual or authorized by a competent statutory authority
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 • Health Management Service is available to be utilised Prohibition of Rebates - Section 41 - of the Insurance Act,
throughout the policy term, subject to prevailing 1938, as amended from time to time
eligibility conditions. No person shall allow or offer to allow, either directly or
• the eligibility conditions of the Life Insured will be indirectly, as an inducement to any person to take out or renew
determined as per the Company’s extant Underwriting or continue an insurance in respect of any kind of risk relating
Policy; to lives or property in India, any rebate of the whole or part of
the commission payable or any rebate of the premium shown
• the eligibility will be reviewed periodically, and changes on the policy, nor shall any person taking out or renewing or
shall apply without any discrimination to all existing and continuing a policy accept any rebate, except such rebate as
new customers of the product. may be allowed in accordance with the published
• Whenever the eligibility criteria changes or the service prospectuses or tables of the Insurer.
is withdrawn, the same shall be communicated to all DISCLAIMERS
the policyholders. Prior to effecting any changes, we
shall inform the same to IRDAI • The Product is also available for sales through online mode
including Company’s Website www.tataaia.com
• The current eligibility is of a minimum total Sum
Assured of Rs. 30 lakhs [under base plan and rider/s (if • Investments are subject to market risks.
any)]. • Unit Linked Life Insurance products are different from the
• In case of any change, the eligibility details will be traditional insurance products and are subject to the risk
displayed on Our website (www.tataaia.com) or You factors. Please know the associated risks and the applicable
may contact Our helpline number 1-860-266-9966 charges, from your Insurance agent or the Intermediary or
(local charges apply), before using the services; policy document issued by the insurance company.
Note: • The various funds offered under this contract are the names
of the funds and do not in any way indicate the quality of
- These services are aimed at improving Policyholder
these plans, their future prospects and returns. The
engagement.
underlying Fund’s NAV will be affected by interest rates and
- These value-added services are completely optional for the performance of the underlying stocks
the eligible Life Insured to avail
• The performance of the managed portfolios and funds is not
- For Life Insured availing such services, they are offered guaranteed and the value may increase or decrease in
at no additional cost. accordance with the future experience of the managed
- The Premiums charged shall not depend on whether portfolios and funds. Past performance is not indicative of
such a service(s) is offered or availed. future performance.
- The Life Insured may exercise his/her own discretion to • The Premium paid in the Unit Linked Life Insurance Policies
avail the services. are subject to market risks associated with capital markets
- These services shall be directly provided by the service and the NAVs of the units may go up or down based on the
provider(s). performance of fund and factors influencing the capital
market and the Insured is responsible for his/her decisions.
- The services can be availed only where the policy /
rider is in-force. • Buying a life insurance policy is a long-term commitment. An
early termination of the policy usually involves high costs and
- All the supporting medical records should be available the Surrender Value payable may be less than the total
to avail the service. premiums paid.
- We reserve the right to change the service provider(s) • The brochure is not a contract of insurance. This brochure
at any time. should be read along with Benefit Illustration. The precise
- The services are being provided by third party service terms and conditions of this plan are specified in the policy
provider(s) and we will not be liable for any liability. contract available on Tata AIA Life website.
Assignment • Tata AIA Life Insurance Company Ltd. is only the name of the
Insurance Company and Tata AIA Life Insurance Fortune
Assignment allowed as per provisions of Section 38 of the
Maxima is only the name of the Unit Linked Life Insurance
Insurance Act 1938 as amended from time to time.
Contract and does not in any way indicate the quality of the
Nomination contract, its future prospects or returns.
Nomination allowed as per provisions of Section 39 of the
Insurance Act 1938 as amended from time to time.

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• 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
• Insurance cover is available under this product.
• Riders are not mandatory and are available for a nominal
extra cost. For more details on benefits, premiums and
exclusions under the Rider(s), please contact Tata AIA Life's
Insurance Advisor/ Branch.
• Participation by customers shall be on voluntary basis
• This product will be offered only to Standard lives

IRDAI is not involved in activities like selling

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

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