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 customercare@[Link].
Visit us at: [Link] or SMS 'LIFE’ to 58888.
Unique Reference Number: L&C/Advt/2019/Sep/531 • UIN: 110N133V02

BEWARE OF IRDAI is not involved in activities like selling insurance

SPURIOUS / policies, announcing bonus or investment of
FRAUD PHONE premiums. Public receiving such phone calls are
CALLS requested to lodge a police complaint.
Tata AIA Life Insurance Diamond On Survival: Vijay gets Regular Income from the end of year
13 onwards till maturity and a lump sum on maturity of the
Savings Plan policy as shown in the illustration below:
A Non-Linked, Participating Individual Life Insurance Savings Plan Compound Reversionary Bonus (if any) and Terminal Bonus (if any) paid
in lump sum along with the last income payout on maturity below:
Every individual has different needs at different stages of life. At @8% (R)* @4% (R)*
Tata AIA Life, we believe in protecting your dreams at various Last Income Installment 88,056/- 88,056/-
stages of life without compromising on your needs through Compound Reversionary
Bonus (if any) 4,80,169/- 22,687/-
financial resources. You do not have to think twice to live your Terminal Bonus (if any) 18,56,226/- 5,91,738/-
dreams. Total Maturity Benefit 24,24,451/- 7,02,482/-

We present to you, Tata AIA Life Insurance Diamond Savings

Plan, a limited pay insurance plan that meets tomorrow's
requirements along with protecting your loved ones. Investing Gets Regular Income of R88,056/- at
in this plan will help you fulfill your medium and long term goals, Pays Premium of R1 lac p.a.1 the end of every year, for 13 years
for 12 years. after Premium Payment Term.
such as child’s education / second income and retirement
planning. Year 1 12 13 25
Life Cover throughout the Policy Term
Key Features
Where,
• Receive guaranteed income after premium payment term; Compound Reversionary Bonus and Terminal Bonus will be
• Get vested Compound Reversionary Bonus and Terminal based on Company’s performance and are not guaranteed.
Bonus, if any; on maturity or on death On Death (During the Income Term): In case of unfortunate
demise of Vijay in the 21st Policy year, a lump sum death
• Flexible policy term & premium paying term. benefit is paid:
• Get life cover for the entire policy term;

• Enhance your protection with optional Riders; and Lump Sum Death Benefit
Death Benefit @8% (R)* @4% (R)*
• Eligible for tax benefits under Section 80C and 10(10D) of the Sum Assured on Death 11,00,000/- 11,00,000/-
Income Tax Act, 1961, as amended from time to time. Compound Reversionary Bonus (if any) 3,48,628/- 18,036/-
Terminal Bonus (if any) 19,40,760/- 7,81,940/-
How Does the Plan Work? Total Death Benefit 33,89,388/- 18,99,975/-

Example: Vijay, 35 year old (male – standard life), Senior

Executive, wishes to have a secondary income to support his
family’s expenses as well as to build a retirement corpus. Vijay Gets Regular Income of R88,056 at
Pays Premium of R1 lac p.a.1 the end of every year for 8 years
opts for Tata AIA Life Insurance Diamond Savings Plan wherein for 12 years. after Premium Payment Term.
he chooses: Year 1 12 13 20 25
Life Cover throughout the Policy Term
Policy Premium Annual Assured
Term Payment Term Premium1 Benefit
25 years 12 years R1,00,000 R352,225

1 2
On Death (Before Income Term): In case of unfortunate a) 11 times Annualised Premium;
demise of Vijay in the 3rd policy year, a lump sum death benefit b) Sum Assured on Maturity;
is paid: c) Absolute amount assured to be paid on death;
Death Benefits @8% (R)* @4% (R)* Where,
Sum Assured on Death 11,00,000/- 11,00,000/- “Annualised Premium” shall be the premium paid in a year
Compound Reversionary Bonus (if any) 25,087/- 1,763/- chosen by the Policyholder, excluding the taxes, rider
Total Death Benefit 11,25,087 11,01,763 premiums, underwriting extra premiums and loadings for
modal premiums, if any
1
The premium shown in the example above is for a male, standard life,
and excludes applicable taxes, cesses and levies. All applicable taxes, “Sum Assured on Maturity” refers to the amount of benefit
duties, surcharge, cesses or levies, as may be imposed by Government, which is guaranteed to be paid on Maturity of the Policy which
any statutory or administrative authority from time to time, on the is a percentage of Assured Benefit.
premiums payable and benefits secured under policy, shall be borne The “Assured Benefit” is dependent on Age, Policy Term and
and paid by the policyholder. Premium Payment Term and is calculated as Annualised
*The above illustration has been determined using assumed future Premium x 1000 / Premium Rate per 1000 Assured Benefit.
investment return of 4% and 8%. Compound Reversionary Bonus and For Premium Rate per 1,000 Assured Benefit Table, kindly refer
Terminal Bonus, if any; are non-guaranteed benefits. These assumed Annexure A.
rates of return are not guaranteed and these are not the upper (8%) and
lower (4%) limits of what you might get back at maturity, due to the fact Absolute amount assured to be paid on death is “Basic Sum
that the value of your policy is dependent on a number of factors, Assured”. Where, Basic Sum Assured is 11 Times of
including future investment performance. Kindly, refer the sales Annualised Premium.
illustration for the exact premium. All the examples and figures used
herein are for illustration or understanding purposes only. “Total Premiums Paid" means total of all the premiums
received, excluding any extra premiums, any rider premiums
Eligibility Criteria and taxes.
Premium Policy Income Min. Max. “Compound Reversionary Bonus” shall accrue annually
Payment Term Term Entry Entry starting from first Policy Anniversary. Compound Reversionary
Premium Payment Term Term Age2 Age2 Bonus shall be a percentage of the Assured Benefit and vested
(PPT)/ Policy Term (PT)/
Min/Max Entry Age 5 15 10 3 55 Compound Reversionary Bonus.
(Age as on last birthday) 5 20 15 0 55 “Terminal Bonus” shall be a percentage of the Assured Benefit
6 15 9 3 55 and shall be paid subject to the following:
8 18 10 0 60 - At least 4 year full annual premiums have been paid, where
12 25 13 0 60
Premium Payment Term 5 years or 6 years
Premium (R) Min:18,000/- p.a. - At least 5 year full Annual Premiums have been paid, where
Premium Payment Term is 8 years
(Premium in multiples Max: No Limit (subject to Underwriting
of 1,000) Policy) - At least 7 years full Annual Premiums have been paid,
Basic Sum Assured 11 times of the Annualised Premium where Premium Payment Term is 12 years.
Premium Payment Mode Annual/ Half-yearly / Quarterly/ Monthly The Policy will terminate on payment of death benefit and no
other benefit under the Policy shall be payable.
Any reference to age is as on last birthday.
2

Survival Benefit:
Benefits in Detail Provided the Policy is in force and all due premiums have been
Death Benefit: paid the following Survival benefit shall be paid:
The following Death benefit shall be paid as below, provided Guaranteed Income: A Guaranteed Income as a % of Assured
the Policy is in force: Benefit shall be paid as follows:
On death of the Life Insured during the Policy term, Sum Policy Premium Guaranteed Income Guaranteed
Assured on Death plus vested Compound Reversionary Term Payment Commences from Income as a %
Bonus, if any, and Terminal Bonus, if any, shall be paid. This Term the end of year of Assured Benefit
total amount will be subject to a minimum of 105% of theTotal 15 5 6 10%
Premiums received up to the date of death. 20 5 6 7.50%
The interim bonus, if any, shall be payable in case of termination of 15 6 7 15%
policies due to death before the next policy anniversary. 18 8 9 20%
Where, 25 12 13 25%
The ‘Sum Assured on Death’ shall be the highest of the following:
3 4
The above benefit shall be paid till maturity or till death of death occurs /disability commences before the proposer
Insured, whichever is earlier. reaches 65 years or the end of premium payment term of the
Maturity Benefit: basic plan, whichever is earlier).
The below mentioned Rider can be attached at Policy
Provided the Policy is in force and all due premiums have been inception or at subsequent policy anniversaries.
paid the following benefits shall be paid on survival till maturity
a) Sum Assured on Maturity which is equal to last Guaranteed Tata AIA Life Insurance Term Rider (UIN: 110B030V01)
Income instalment payable on maturity; This rider ensures additional protection of your family by paying
b) Vested Compound Reversionary Bonus, if any, expressed your nominee an amount equal to the rider sum assured in
as a percentage of the Assured Benefit; and event of untimely death. The riders can be attached at Policy
c) Terminal Bonus, if any, expressed as a percentage of the inception or at subsequent policy anniversaries during the
Assured Benefit. premium payment term (provided the base policy is still in
force) by paying an additional term rider premium.
Additional Benefits and Features In the event of death, it will pay below mentioned benefits,
Large Scale Discount depending on the option chosen by the life insured at time of
A large scale discount will be applicable on premium for policy issuance of the rider:
holders opting for a large premium. The premiums based large Option I: Death benefit equals Sum Assured on Death
scale percentage discounts are as follows:
Option II: An amount equal to (1/120) times Sum Assured on
Premium Discount Death, every month for fixed 10 years starting from the
0 – 49,999 0.0% subsequent monthly Death Anniversary.
50,000 – 99,999 2.0% Where monthly Death Anniversary is defined as monthly date
1,00,000 + 4.0% on which death took place.
Flexible premium payment modes: The above riders will not be offered if the outstanding term
You have an option to pay the premiums either Annually, under the base policy is less than 5 years.
Half-yearly, Quarterly and Monthly modes. There is no overlap in benefit offered under different riders and
A modal loading on premiums will be applicable as mentioned rider benefits shall be payable separately in addition to base
below: plan benefits.
Annual Premium Rate Multiply Annual Premium Rate by 1 Riders are not mandatory and are available for a nominal extra
(i.e. No loading) cost. For more details on the benefits, premiums and
exclusions under the riders please refer to the Rider Brochure
Half Yearly Premium Rate Multiply Annual Premium Rate by 0.51
or contact our Insurance Advisor / Intermediary or visit our
Quarterly Premium Rate Multiply Annual Premium Rate by 0.26 nearest branch office.
Monthly Premium Rate Multiply Annual Premium Rate by Grace Period:
0.0883
If you are unable to pay your Premium on time, starting from
Flexibility of Additional Coverage: the premium due date, a Grace Period of 15 days for monthly
You have further flexibility to customize your product by adding mode and 30 days for all other modes will be offered. During
the following optional riders. this period your Policy is considered to be in-force with the risk
The below mentioned riders can be attached only at Policy cover as per the terms & conditions of the Policy. If the full
inception. premium for the first 2 Policy years remains unpaid at the end
Tata AIA Life Insurance Accidental Death and of their grace period, the policies shall lapse from the due date
Dismemberment (Long Scale) (ADDL) Rider of the first unpaid premium and have no further value except as
(UIN:110B028V02) may be provided under the Non-Forfeiture Provisions. If any
This rider ensures protection of your family by paying your death claim occurs during the Grace Period, any due
nominee an amount equal to the rider sum assured in case of premiums (without interest) of the Policy for the Policy year, in
an accidental death. In case of severe dismemberment like loss which the event has occurred, will be deducted from the death
of limbs or bodily functions or severe burns due to an accident, claim payout.
it will pay a percentage of the rider sum assured as per the Non forfeiture provisions:
ADDL benefit chart. The benefits will be doubled in case of
certain accidental death or dismemberments. • Lapse
Tata AIA Life Insurance Waiver of Premium Plus (WOPP) If first 2 full years premiums are not paid within the Grace
Rider (UIN: 110B029V01) Period, the Policy shall lapse from the due date of first unpaid
This rider provides for the waiver of all future premiums of the premium and no benefits will be payable. A lapsed policy can
basic policy which fall due in case of death or while the be revived during the policy term, within five years from the due
proposer is totally and permanently disabled (provided that the date of the first unpaid premium.

5 6
• Surrender Benefit Premium Policy Reduced
The Policy may be surrendered at any point during the Policy Payment Term Guaranteed
term but shall acquire a surrender value only if at least first 2 full Term (years) (years) Income (p.a)
years’ premiums have been paid. 10% of Assured Benefit x Reduced
5 15
The Surrender Value payable is higher of Guaranteed Paid up factor
Surrender Value (GSV) or Special Surrender Value (SSV). 7.50% of Assured Benefit x Reduced
5 20 Paid up factor
Guaranteed Surrender Value = (Total premiums Paid x
15% of Assured Benefit x Reduced
GSV factor for premium) + (Vested Compound 6 15 Paid up factor
Reversionary Bonus x GSV factor for Compound
20% of Assured Benefit x Reduced
Reversionary Bonus) – Total Guaranteed Income already 8 18 Paid up factor
paid, if any.
25% of Assured Benefit x Reduced
Special Surrender Value = Special Surrender Value Factor x 12 25 Paid up factor
{(No. of premiums paid)/ (No. of premiums payable, during
the entire premium payment term) x (Sum of all guaranteed • Maturity Benefit:
income pay outs) – income pay outs already made, if any, + Sum Assured on Maturity x Reduced Paid up factor, along with
Vested Compound Reversionary Bonus + Terminal Bonus, if vested Compound Reversionary Bonus, if any, plus Terminal
any} Bonus, if any will be paid.
The interim bonus, if any, shall be payable in case of Revival
termination of policies due to surrender before the next policy If a premium is in default beyond the Grace Period and subject
anniversary. to the Policy not having been surrendered, you may revive the
Company has the right to review the basis for calculating Special same within 5 years after the due date of the first unpaid
Surrender Value factors from time to time based on the premium and before the date of Maturity subject to board
experience and will be subject to prior approval of IRDAI. approved Underwriting Policy of the Company. However, the
Company would require: a) A written application from you for
• Reduced Paid-Up revival; b) Current health certificate of Insured and other
If at least first 2 full years’ premiums have been paid and evidence of insurability satisfactory to the Company and c)
subsequent premiums remain unpaid where the Policy has not Payment of all overdue premiums with interest.
been surrendered, the Policy will be converted into a Reduced Any evidence of insurability requested at the time of revival will
Paid-up Policy by default. A Reduced Paid-Up Policy may be be based on board approved Underwriting Policy. The
revived within 5 years from the due date of the first unpaid applicable interest rate for revival is determined using the SBI
premium, as detailed under the Revival Section. Once the domestic Term Deposit rate for ‘1 year to 455 days’, plus 2%.
Policy becomes Reduced Paid-up, the Policy shall not be Any alteration in the formula will be subject to prior approval of
entitled to any further Bonuses. IRDAI. The interest rate applicable as on 1st April 2017, is
8.90% p.a. [i.e. SBI interest rate of 6.90% (which rate may be
Reduced Paid up factor is defined as (No of premiums paid)/ (No
revised from time to time) + 2%] and applicable taxes, cesses
of premiums payable, during the entire premium payment term) and levies, compounding annually.
In case of Reduced Paid-up policies, the benefit shall be Upon revival, the benefits of the Policy shall be restored with
payable as under: effect from the date of revival.
• Death Benefit :
On death of the life insured during the policy term an amount
Terms and Conditions
equal to “Sum Assured on death x Reduced Paid up factor Free Look Period
along with vested Compound Reversionary Bonus, if any, plus If you are not satisfied with the terms & conditions/features of
Terminal Bonus, if any” will be paid. the Policy, you have the right to cancel the Policy by providing
This total amount will be subject to a minimum of 105% of the a written notice to the Company stating objections/reasons
total premiums received up tothe date of death. and receive the refund of all premiums paid without interest
after deducting (a) proportionate risk premium for the period on
• Survival Benefit: cover and (b) stamp duty charges and medical examination
The reduced Guaranteed Income, as mentioned below, shall cost and (c) applicable taxes, cesses, and levies, if any which
continue to be payable as scheduled: have been incurred for issuing the Policy. Such notice must be
signed by you and received directly by the Company within 15
days from the date of receipt of the Policy document. The said
period of 15 days shall stand extended to 30 days, if the Policy
is sourced through distance marketing i.e. other than in person.
Change in Basic Sum Assured
Any change in the Basic Sum Assured is not allowed post
inception of the Policy.

7 8
Policy Loan Prohibition of Rebates - Section 41 - of the Insurance
Policy Loan is available in Tata AIA Life Insurance Diamond Act, 1938, as amended from time to time
Savings Plan provided that the Policy acquires Surrender 1. No person shall allow or offer to allow, either directly or
Value. You may apply for a Policy Loan for such an amount indirectly, as an inducement to any person to take out or
within the extent of 80% of Surrender Value. Interest rate renew or continue an insurance in respect of any kind of
applicable to Policy loan will be equal to the prevailing SBI risk relating to lives or property in India, any rebate of the
(State Bank of India) domestic term deposit interest rate for whole or part of the commission payable or any rebate of
tenure ‘1 year to 455 days’ + 2%. This formula will be reviewed the premium shown on the Policy, nor shall any person
annually and can be altered only subject to prior approval of taking out or renewing or continuing a Policy accept any
IRDAI. The interest rate applicable as on 1st April 2017, is rebate, except such rebate as may be allowed in
8.90% p.a. [i.e. SBI interest rate of 6.90% (which rate may be accordance with the published prospectuses or tables of
revised from time to time) + 2%] and applicable taxes, cesses the Insurer.
and levies, compounding annually. 2. Any person making default in complying with the
Exclusion provisions of this section shall be liable for a penalty
which may extend to ten lakh rupees.
In case of death due to suicide within 12 months from the date
of commencement of risk under the policy or from the date of About Tata AIA Life
revival of the policy, as applicable, the nominee or beneficiary of Tata AIA Life Insurance Company Limited (Tata AIA Life) is a
the policyholder shall be entitled to at least 80% of the total joint venture company, formed by Tata Sons Ltd. and AIA
premiums paid till the date of death or the surrender value Group Ltd (AIA). Tata AIA Life combines Tata’s pre-eminent
available as on the date of death whichever is higher, provided leadership position in India and AIA’s presence as the largest,
the policy is in force. independent listed pan-Asia Life Insurance Group in the world
spanning 18 markets in Asia Pacific. Tata Sons holds a majority
Tax Benefits stake (51 per cent) in the Company and AIA holds 49 per cent
Premiums paid under this plan may be eligible for tax benefits through an AIA International Limited. Tata AIA Life Insurance
under Section 80C of the Income Tax Act, 1961 and are Company Limited was licensed to operate in India on February
subject to modifications made thereto from time to time. 12, 2001 and started operations on April 1, 2001.
Moreover, life insurance proceeds enjoy tax benefits as per DISCLAIMERS:
Section 10(10D) of the said Act. • The brochure is not a contract of insurance. The precise
Income Tax benefits would be available as per the prevailing terms and conditions of this plan are specified in the Policy
Income Tax Laws, subject to fulfillment of conditions stipulated contract available on Tata AIA Life website.
therein. Tata AIA Life Insurance Company Ltd. does not • Buying a Life Insurance Policy is a long-term commitment.
An early termination of the Policy usually involves high
assume responsibility on tax implication mentioned anywhere costs and the Surrender Value payable may be less than
in this document. Please consult your own tax consultant to the all the Premiums Paid.
know the tax benefits available to you. • This product brochure should be read along with Sales
Illustration.
Assignment • This product is underwritten by Tata AIA Life Insurance
Assignment is allowed as per Section 38 of the Insurance Act Company Ltd. This plan is not a guaranteed issuance plan
1938 as amended from time to time. and it will be subject to Company’s underwriting and
acceptance.
Nomination • Insurance cover is available under this product.
Nomination is allowed as per provisions of Section 39 of the • This product will be offered only to Standard lives.
Insurance Act 1938 as amended from time to time.
Policy on the life of a Minor
Where Life Insured is a minor, the Policy shall automatically vest
into the Life Insured on his attaining majority.
Advance Premium
Collection of advance premium shall be allowed, only if the
premium is collected within the same Financial Year. However,
where the premium due in one financial year is being
collected in advance in earlier financial year, the Company
may collect the same for a maximum period of three months
in advance of the due date of the premium. The premium so
collected in advance shall only be adjusted on the due date of
the premium.

9 10
Annexure A
Premium Rate per 1,000 Assured Benefit:

Age PPT 5 / PPT 5 / PPT 6 / PPT 8 / PPT 12 / Age PPT 5 / PPT 5 / PPT 6 / PPT 8 / PPT 12 /
PPT/PT* PT 15* PT 20* PT 15* PT 18* PT 25* PPT/PT* PT 15* PT 20* PT 15* PT 18* PT 25*
0 NA 320.19 NA 270.41 287.54 40 240.64 337.83 267.65 278.04 302
1 NA 318.51 NA 269.64 286.96 41 241.71 342.11 269.13 279.31 303.66
2 NA 317.11 NA 268.99 286.47 42 242.94 345.93 270.74 280.69 305.52
3 233.33 316.08 257.95 268.52 286.13 43 244.32 350.8 272.5 282.2 307.6
4 232.85 315.32 257.56 268.19 285.88 44 245.87 354.3 274.42 283.87 309.91
5 232.52 314.77 257.3 267.97 285.72 45 247.61 356.86 276.51 285.71 312.5
6 232.31 314.35 257.14 267.81 285.63 46 249.17 360.08 278.24 287.49 315.38
7 232.18 314.06 257.06 267.72 285.58 47 250.95 362.94 280.16 289.48 318.6
8 232.11 313.84 257.03 267.68 285.57 48 252.98 366.02 282.3 291.7 322.18
9 232.08 313.68 257.04 267.68 285.62 49 254.08 368.78 284.7 294.17 326.18
10 232.09 313.57 257.09 267.7 285.69 50 255.45 372.44 286.71 296.93 330.62
11 232.12 313.5 257.15 267.74 285.78 51 255.91 375.89 289.02 300.46 334.72
12 232.16 313.45 257.23 267.8 285.9 52 256.66 379.78 291.65 304.21 339.06
13 232.19 313.41 257.3 267.86 286.03 53 257.75 382.87 294.39 308.04 343.36
14 232.23 313.38 257.37 267.93 286.17 54 259.24 387.16 296.41 312.34 346.4
15 232.25 313.36 257.44 267.99 286.32 55 259.88 390.04 298.88 314.97 350.65
16 232.27 313.36 257.5 268.06 286.47 56 NA NA NA 316.98 356.95
17 232.28 313.37 257.55 268.12 286.64 57 NA NA NA 319.12 363.51
18 232.28 313.4 257.6 268.18 286.82 58 NA NA NA 321.46 370.39
19 232.28 313.46 257.65 268.25 287.01 59 NA NA NA 323.27 374.56
20 232.29 313.56 257.69 268.32 287.23 60 NA NA NA 324.53 379.75
21 232.3 313.71 257.75 268.4 287.47
*PPT – Premium Payment Term / PT – Policy Term
22 232.33 313.93 257.81 268.48 287.74
23 232.37 314.23 257.89 268.59 288.05
24 232.44 314.64 257.99 268.72 288.4
25 232.54 315.15 258.12 268.87 288.8
26 232.67 315.8 258.28 269.05 289.25
27 232.84 316.61 258.46 269.27 289.75
28 233.06 317.61 258.7 269.54 290.3
29 233.34 318.81 258.98 269.85 290.91
30 233.68 320.24 259.32 270.23 291.57
31 234.1 321.91 259.72 270.67 292.29
32 234.6 323.84 260.19 271.17 293.07
33 235.2 326.06 260.76 271.75 293.89
34 235.91 328.57 261.41 272.4 294.78
35 236.73 331.37 262.16 273.13 295.74
36 237.73 331.66 263.03 273.95 296.77
37 238.27 333.27 264 274.84 297.9
38 238.92 335.37 265.1 275.81 299.13
39 239.71 336.23 266.31 276.88 300.49

11 12