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/2023/Aug/2559 • UIN: 110N126V05
Tata AIA Life Insurance Smart Income Plus o Gets Guaranteed Maturity Payout along with last
Guaranteed Annual Payout
A Non-Linked, Non-Participating, Individual Life Insurance Savings Plan Scenario 1: Aditya gets guaranteed benefits commencing
We, at Tata AIA Life, believe in protecting your dreams at various from the end of 12th Policy year as mentioned below:
stages of life without compromising on your basic needs Guaranteed Payouts Benefit
through financial resources. You do not have to think twice to End of Policy Year
(% of Annualized Premium) Amount (R)
live your dreams as they now come with guaranteed payouts.
12 143% 1,43,000
We present to you, Tata AIA Life Insurance Smart Income Plus,
13 143% 1,43,000
that meets tomorrow's requirements along with protecting your
loved ones and dreams as it ensures you of guaranteed returns 14 143% 1,43,000
for the money invested. 15 143% 1,43,000
Investment in this plan helps you fulfill your medium to long term 16 143% 1,43,000
goals such as Child’s Education/ Marriage / Business Start-up 17 143% 1,43,000
and Retirement planning. 18 143% 1,43,000
19 143% 1,43,000
Key Benefits 20 143% 1,43,000
• Flexibility to choose between two plan options - Regular
21 143% 1,43,000
Income or Endowment
Benefit
• Under Regular Income Option: Benefit Benefit % Amount (R)
o Receive Guaranteed payouts along with Maturity Guaranteed Maturity
Benefit Payout (as a % of 287% of Annualised Premium 3,44,400
o Option to choose income start year and number of Annualised Premium)
years you want to receive income for Large Premium Boost
(as a % of Guaranteed 20% 68,800
• Under Endowment option: Maturity Payout)
o Receive two guaranteed payouts - in the year Total Benefit Amount (R) 18,43,280
preceding maturity and on maturity
*Premiums are excluding applicable taxes, cesses and levies
• Preferential benefit for female lives
Scenario 2: In case of unfortunate demise of Aditya in the 3rd
• Life cover throughout policy term Policy year, a lump sum Death Benefit is paid:
• Enhance your protection with optional Riders
Death Benefits Benefit Amount (R)
• Receive tax benefits u/s 80C and 10(10D), as per the Sum Assured on Death 11,00,000/-
applicable Income Tax laws

How Does the Plan Work? Opts for Option II – Endowment

Aditya, aged 35 years is a software engineer who has recently • Pays an Annualised Premium of Rs. 1,00,000* p.a.
joined an MNC. He is planning to buy a limited pay guaranteed Scenario 1: Aditya gets guaranteed benefits in the last two
insurance plan; besides this, he also wants guaranteed income Policy years as mentioned below:
every year with tax benefits. To fulfill these needs, he opts for Large Premium Boost
Option 1 - Regular Income option under Tata AIA Life Insurance Guaranteed Maturity Payout
Smart Income Plus for a Policy Term of 21 years and Premium Age 35 Years
Payment Term of 10 years. He makes the following selections: Large Premium Boost

• Chooses to start receiving income from 12th year onwards Guaranteed Payout
• Pays an Annualised Premium of R 1,00,000* p.a. Premium Payment Term
0 - 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9-10-11-12-13-14-15-16-17-18-19-20-21
Example
Large Premium Boost Years

Age 35 Years Guaranteed Maturity Payout o Receives Guaranteed Payout at the end of 20th Policy year
o Gets Guaranteed Maturity Payout at the end of 21st
Policy year
Premium Payment Term Guaranteed Payouts
0 - 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9-10-11-12-13-14-15-16-17-18-19-20-21
Years

o He receives Guaranteed Annual Payouts for 10 years

commencing from the end of 12th Policy year

1 2
 End of Benefits Factor Benefit Total Key benefits in details
Policy Year Amount (R) Amount (R) Survival Benefits:
Guaranteed Payout Option I: Regular Income
(as a multiple of the 11.24 11,24,000
20 Annualised Premium) 11,46,480 Guaranteed Payouts (GP)
Large Premium Boost Provided the Policy is in-force and all due premiums have been
2% 22,480
(as a % of paid, Guaranteed Payouts (GP) as a percentage of the
Guaranteed Payout ) Annualised Premium (AP) shall be payable annually. The
Guaranteed Maturity Income shall commence from the end of Policy year as per the
Payout (Equal to 11.24 11,24,000 chosen income start year and shall be payable till Maturity.
21 Guaranteed Payout) 11,46,480 The GP factors vary by the chosen premium paying term,
Large Premium Boost income start year and policy term and are independent of age
(as a % of 2% 22,480 and gender. The GP factors are provided in the Policy Bond.
Guaranteed Payout)
Option II: Endowment
Total Benefit 22,92,960
Provided the Policy is in-force and all due premiums have been
Scenario 2: In case of unfortunate demise of Aditya in the 3rd paid, a Guaranteed Payout (GP) determined as a multiple of the
Policy year, a lump sum Death Benefit is paid: Annualised Premium will be paid at the end of Policy year
preceding the year of Maturity.
Death Benefits Benefits Amount (R)
The GP factors vary by the chosen premium payment term,
Sum Assured on Death 11,00,000 policy term, age and gender and a table of all GP factors is
*Premiums are excluding applicable taxes, cesses and levies. provided in the policy bond.
Premium will vary depending upon the option chosen.
Maturity Benefit:
Eligibility Criteria at a Glance Option I: Regular Income
Option I: Regular Income Provided the Policy is in-force and all due premiums have been
Option II: Endowment paid, an amount equal to the Guaranteed Maturity Payout
Plan Options
The options are to be chosen at the (GMP) will be paid as a lump sum at Maturity. The last
inception of the Policy instalment of GP will be paid along with the above mentioned
GMP. The GMP will be equal to GMP factor multiplied by
Plan Parameters Minimum Maximum Annualised Premium. The GMP factors will vary as per the age
Age at Entry (years)** 0 (30 days) 65 at entry, gender, income start year, policy term and premium
Age at Maturity (years)** 18 85 payment term selected.
Option I: 51 Option II: Endowment
Option I: PPT + 6
Option II: Provided the policy is in-force and all due premiums have been
Policy Term (PT) (years) Option II: Limited/
Regular Pay – 30 paid, the Minimum Guaranteed Sum Assured on Maturity
Regular Pay - 10
Limited Pay – 50 which is equal to the Guaranteed Maturity Payout (GMP) will be
Option I: 5 Option I: 15 paid at Maturity. The amount of benefit shall be equal to the
Premium Payment Option II: Option II: Guaranteed Payout paid under Option II.
Term (PPT) (years) Regular Pay - 10 Regular Pay – 30
Limited pay - 5 Limited Pay – 30 Large Premium Boost:
Income Start Year An additional benefit will be payable on payment of higher
(applicable for PPT + 2 PPT + 6 premium. The Large Premium Boost will be applicable as
Option I only) mentioned in the table below and payable along with GMP or GP.
Subject to policy Option I: Regular Income
Income Period (years) 5 term and income
Large Premium Boost
start year chosen Annualised Premium
(as a % of GMP#)
Basic Sum Assured 11 times Annualised Premium
18,000 to 49,999 0%
For Option I: 18,000 No Limit subject to
Premium (R)
50,000 to 99,999 5%
(Premium For Option II: 36,000 Board approved 100,000 to 1,99,999 20%
in multiples of 1000) underwriting policy
Premium 2,00,000 and above 30%
Annual/ Half-yearly / Quarterly/ Monthly
Payment Mode
**All reference to age is as on last birthday.

3 4
 Option II: Endowment Loading on premiums will be applicable as mentioned in the
Large Premium Boost table below:
Annualised Premium
(as a % of GMP#) Mode Annual Half - Yearly Quarterly Monthly
36,000 to 74,999 0% Modal Loading 0% 2% 4% 6%
75,000 to 99,999 1%
Flexibility of Additional Coverage:
1,00,000 to 1,99,999 2%
2,00,000 and above 3%
You have further flexibility to enhance your cover product by
adding the following optional riders by paying additional rider
#
The Large Premium Boost is applicable to GMP only under Option I, and premium over and above your base policy premium.
applicable to GMP & GP both under Option II.
1. Tata AIA Life Insurance Non-Linked Comprehensive
Death Benefit: Protection Rider (UIN:110B033V02 or any other later
For Option I & Option II: version)
On death of the Life Assured during the policy term, provided 2. Tata AIA Life Insurance Non-Linked Comprehensive Health
the policy is in-force as on the date of death; Sum Assured on Rider (UIN: 110B031V02 or any other later version)
Death shall be payable irrespective of the Survival Benefits 3. Tata AIA Vitality Protect (UIN: 110B046V01 or any other
already paid. later version)
“Sum Assured on death” shall be the highest of the following: 4. Tata AIA Vitality Health (UIN: 110B045V01 or any other
• 11 times Annualised Premium later version)
• 105% of the Total Premiums paid up to the date of death These riders can be attached effective policy inception or any
• Minimum Guaranteed Sum Assured on Maturity policy anniversary of the base plan subject to the rider premium
payment term and the policy term shall not be more than the
• Absolute amount assured to be paid on death
outstanding premium payment term and outstanding policy
Where, term for the base plan.
“Minimum Guaranteed Sum Assured on Maturity” refers to If there is overlap in benefit offered under different riders with
the absolute amount of benefit which is guaranteed to become the base product, then that benefit under the rider will not
payable on maturity of the policy. Minimum Guaranteed Sum be offered.
Assured on Maturity is equal to 'Guaranteed Maturity Payout
(GMP)' for Option II and 'Guaranteed Maturity Payout (GMP)' • Riders are not mandatory and are available for a nominal
plus final Guaranteed Payout (GP) in case of Option I. extra cost.
“Annualized premium” shall be the premium amount payable • For more details on the benefits, premiums and exclusions
in a year chosen by the Policyholder, excluding the taxes, rider under the riders please refer to the Rider Brochure or
premiums, underwriting extra premiums and loadings for contact our Insurance Advisor / Intermediary or visit our
modal premiums, if any. nearest branch office.
"Total Premiums paid" means total of all the premiums Grace Period:
received, excluding any extra premium, any rider premium If you are unable to pay your Premium on time, starting from
and taxes. the premium pay-to-date, a Grace Period of 15 days for
Applicable taxes, cesses and levies shall be collected monthly mode and 30 days for all other modes will be offered.
separately over and above the Policy premiums. During this period your Policy is considered to be in-force with
the risk cover as per the terms & conditions of the Policy. If any
Absolute amount assured to be paid on death is the Basic Sum premium remains unpaid at the end of its Grace Period, the
Assured. Policy shall lapse and have no further value except as may be
The Policy will terminate upon the death of the Insured and no provided under the Non-Forfeiture Provisions. If any claim
other benefit under the Policy shall be payable. occurs during the Grace Period, any due premiums (without
Note: If a claim is payable under this Policy, any amount of unpaid due interest) of the Policy, which are not paid as on date of death,
premium/s will be deducted from the amount of death benefit payable to the will be deducted from the death claim payout.
Nominee/Legal heir.
Non forfeiture provisions:
Additional Benefits and Features • Lapse
Flexible premium payment modes: On discontinuance of payment of premium during the first 2
You have an option to pay the premiums either Annually, policy years, the policy will lapse and no further benefits shall be
Half-yearly, Quarterly and Monthly modes. paid. The policy can be revived within the period of 5 years from

5 6
the due date of first unpaid premium by payment of all due iii. Maturity Benefit:
premiums together with interest as detailed below in revival Option I:
section. Upon revival of the policy, all benefits shall be restored
and be applicable with effect from the date of revival. The policy Guaranteed Maturity Payout x (Number of Premiums Paid/
will be terminated at the end of revival period if not revived. Number of Premiums Payable during the entire Policy term)
• Surrender Benefit (For both Option I & Option II): The reduced Guaranteed Maturity Payout will be paid as a
lump sum at Maturity. The last instalment of reduced
The Policy can be surrendered any time during the term of Guaranteed Payout will be paid along with the above
the Policy, provided at least two (2) full years’ Premiums mentioned Maturity Benefit as per applicable GMP factors
have been paid
Option II:
The Surrender Value payable is higher of Guaranteed
Surrender Value or Special Surrender Value. Guaranteed Maturity Payout x (Number of Premiums Paid/
Number of Premiums Payable during the entire policy term)
i. Guaranteed Surrender Value (GSV)
Guaranteed Surrender Value = [All the Premiums Paid The reduced Guaranteed Maturity Payout will be paid
(excluding the underwriting extra premiums and modal at Maturity.
loading) x GSV factor)] - Survival Benefit paid, if any However, from the due date of First Unpaid Premium, but
ii. Special Surrender Value (SSV) not later than five (5) from the due date of First Unpaid
Special Surrender Value = Special Surrender Value Factor Premium; the policy can be revived by payment of full
x [(Number of Premiums paid) / (Number of Premiums arrears of premiums together with interest.
Payable during the entire policy term) x (Survival + • Revival
Maturity Benefits) – Survival Benefit paid, if any]
If a premium is in default beyond the Grace Period and
The company has the right to review the basis for calculating subject to the Policy not having been surrendered, it may
these factors from time to time based on the experience and be reinstated/revived, within five years after the due date of
will be subject to prior approval of IRDA of India. first unpaid premium and before the date of maturity,
For Guaranteed Surrender Value Factors and Special subject to: (i) Policyholder’s written application for
Surrender Value Factors, please refer to the policy contract. reinstatement/revival; (ii) production of Insured’s current
• Reduced Paid-Up health certificate and other evidence of insurability,
satisfactory to the Company; and (iii) payment of all
The Policy will be converted into a Reduced Paid-Up Policy
overdue premiums with interest.
by default, provided the policy has acquired surrender
value and subsequent premiums remain unpaid. The evidences and any medical requirements called for are
in line with the prevailing underwriting guidelines duly
In case of Reduced Paid-up policies, the beneFIt shall be
approved by the Board & the health declaration by the life
payable as under:
insured(s).
i. Death Benefit for both Option I & Option II:
On death of the life assured during the policy term, Any reinstatement/revival shall only cover loss or insured
event which occurs after the reinstatement/revival date.
Sum Assured on death x (Number of premiums
paisd)/(Number of premiums payable, during the entire Any evidence of insurability requested at the time of
policy term) reinstatement/revival will be based on the prevailing
This total amount will be a minimum of 105% of the Total underwriting guidelines duly approved by the Board. The
Premiums paid up to the date of death. reinstatement/revival will be based on the Board approved
underwriting policy.
ii. Survival Benefit :
The reduced Survival Benenfits shall continue to be The applicable interest rate for revival is determined using
payable as mentioned below: the SBI domestic term deposit rate for ‘1 year to less than
2 years’, plus 2%. The current rate of interest is 8.98%
Option I:
compounding annually. Any alteration in the formula will be
Guaranteed Payouts x (Number of Premiums Paid/ subject to prior approval of IRDA of India.
Number of Premiums Payable during the entire policy
term).
The reduced Guaranteed Payouts shall commence
from the end of the income start year chosen at
inception and shall be payable till Maturity as per the
applicable Guaranteed Payout factors

7 8
Terms and Conditions available as on the date of death whichever is higher, provided
the policy is in force. The policy shall terminate and no further
Free Look Period benefits shall be payable.
If you are not satisfied with the terms & conditions/features of
the Policy, you have the right to return the Policy for Tax Benefits
cancellation by providing a written notice to the Company Premiums paid under this plan are eligible for tax benefits
stating objections/reasons and receive the refund of all under Section 80C of the Income Tax Act, 1961 and are
premiums paid without interest after deducting (a) subject to modifications made thereto from time to time.
proportionate risk premium for the period on cover and (b) Moreover, life insurance proceeds enjoy tax benefits as per
stamp duty and medical examination cost (including applicable Section 10(10D) of the said Act.
taxes, cesses and levies) which have been incurred for issuing
Income Tax benefits would be available as per the prevailing
the Policy. Such notice must be signed by you and received
directly by the Company within 15 days from the date of receipt income tax laws, subject to fulfillment of conditions stipulated
of the Policy document. The said period of 15 days shall stand therein. Tata AIA Life Insurance Company Ltd. does not
extended to 30 days, if the Policy is sourced through distance assume responsibility on tax implication mentioned anywhere
marketing mode in this document. Please consult your own tax consultant to
know the tax benefits available to you
Distance marketing includes every activity of solicitation
(including lead generation) and sale of insurance products Assignment
through the following modes:
Assignment allowed as per Section 38 of the Insurance Act
i. Voice mode, which includes telephone-calling; 1938 as amended from time to time.
ii. Short Messaging service (SMS);
Nomination
iii. Electronic mode which includes e-mail, internet and
Nomination allowed as per provisions of Section 39 of the
interactive television (DTH);
Insurance Act 1938 as amended from time to time.
iv. Physical mode which includes direct postal mail and
newspaper & magazine inserts; and, Advance Premium
v. Solicitation through any means of communication other Collection of advance premium shall be allowed, only if the
than in person. premium is collected within the same Financial Year. However,
Distance Marketing will include sales through Direct Sales where the premium due in one financial year is being collected
(other than in person). in advance in earlier financial year, the Company may collect the
same for a maximum period of three months in advance of the
Change in Basic Sum Assured due date of the premium. The premium so collected in advance
Any change in the Basic Sum Assured is not allowed post shall only be adjusted on the due date of the premium.
inception of the policy.
Prohibition of Rebates - Section 41 - of the Insurance Act,
Policy Loan 1938, as amended from time to time
Policy Loan is available in Tata AIA Life Insurance Smart No person shall allow or offer to allow, either directly or
Income Plus provided that the Policy acquires Surrender Value, indirectly, as an inducement to any person to take out or renew
you may apply for a Policy Loan for such an amount within the or continue an insurance in respect of any kind of risk relating
extent of 65% of Surrender Value. to lives or property in India, any rebate of the whole or part of
Interest rate applicable to Policy loan will be equal to the the commission payable or any rebate of the premium shown
prevailing SBI (State Bank of India) domestic term deposit on the Policy, nor shall any person taking out or renewing or
interest rate for tenure ‘1 year to less than 2 years’ + 2%. This continuing a Policy accept any rebate, except such rebate as
formula will be reviewed annually and only altered subject to may be allowed in accordance with the published
prior approval of IRDA of India. The current rate of interest is prospectuses or tables of the Insurer.
8.98% compounding annually. Disclaimer:
Exclusion • The brochure is not a Contract of Insurance. The precise
In case of death due to suicide by the Life Assured, whether terms and conditions of this plan are specified in the Policy
sane or insane, within 12 months from the date of contract available on Tata AIA Life website.
commencement of risk under the policy or from the date of • Buying a Life Insurance Policy is a long-term commitment.
revival of the policy, as applicable, the nominee or beneficiary of An early termination of the Policy usually involves high
the Policyholder shall be entitled to at least 80% of the total costs and the Surrender Value payable may be less than
premiums paid till the date of death or the surrender value the all the Premiums Paid.

9 10
• This plan is also available for sale through online mode.
• This product brochure should be read along with Benefit
Illustration.
• 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.
• In case of non-standard lives and on submission of
non-standard age proof, extra premiums will be charged as
per our underwriting guidelines.

BEWARE OF SPURIOUS IRDAI is not involved in activities like selling

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

11 12