IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT

PORTFOLIO IS BORNE BY THE POLICYHOLDER.

Non-Participating, Unit Linked Individual 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 customercare@[Link].
Visit us at: [Link].
Unique Reference Number: L&C/Advt/2024/Jun/1762 • UIN: 110L174V01
Tata AIA Smart SIP Plan Options
Non-Participating, Unit Linked Individual Life Insurance
Savings Plan 1. Wealth Secure
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT Provides you with an opportunity to invest your entire
PORTFOLIO IS BORNE BY THE POLICYHOLDER. LINKED premium with zero premium allocation charge and earn
INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY market linked returns with a flexibility for unlimited fund
DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE switches to get the most out of your investment.
POLICYHOLDER WILL NOT BE ABLE TO SURRENDER/ 2. Future Secure
WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE
PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF This plan ensures that your future plan for your loved ones
THE FIFTH YEAR. are fulfilled even in your absence. In case of any unfortunate
event, the death benefit is paid to the nominee, future
“Unlock Your Financial Potential with premiums (if applicable) are funded by Tata AIA Life
Tata AIA Smart SIP” Insurance and the policy benefit continues as is.
We all dream big and believe we can make it all happen. A
systematic savings plan might help build wealth for our families 3. Goal Secure
but will the unpredictability of life allow us to keep that wealth This solution is designed to secure your family’s financial
plan for our family intact? Recognizing these aspirations and goals. In case of any unfortunate event, the nominee gets a
the need for a reliable partner in this journey, we present a combined payout of the death benefit and the total Fund
solution that bridges the gap between these dreams value accrued till that point.
and reality.
Introducing Tata AIA Smart SIP, a Non-Participating, Unit 4. Family Secure
Linked Individual Life Insurance savings plan. This plan in your absence, financially secures your family
TATA AIA Smart SIP is a financial planning solution designed to and gives them a monthly income of 1% of Base sum
provide systematic wealth accumulation for you and your assured. In addition to that, future premiums (if applicable)
family. It ensures a lump sum payment upon the plan’s maturity. are funded by Tata AIA Life Insurance and the policy benefit
Additionally, in the event of any insured unforeseen continues as is. Upon maturity, the Total Fund Value
circumstance, it offers extra benefits to safeguard your family accumulated over the Policy Term is paid out.
from financial difficulties in your absence. This plan not only
offers you a life insurance cover, but also stands as a pillar of
financial security for your family, fortifying their future against Boundary conditions
uncertainties.
Entry Age

Key Benefits Minimum Maximum

Plan Options
Entry Age Entry Age
Financial Cover Wealth Secure (Age last birthday) 30 days 65
• Provide yourself and your family financial protection with Future Secure (Age last birthday) 18 Years 65
market-linked returns Goal Secure (Age last birthday) 30 days 65
• Option to select Waiver of Premium, Income benefit to suit Family Secure (Age last birthday) 18 Years 65
your needs
Maturity Age (Age last Birthday)
Fund Enhancements
Minimum Maturity Maximum maturity
• Boost your fund with Zero Premium Allocation charges Plan Options
age available with age available with
• Additional unit allocations for Female customers the plan options the plan options
Other Benefits Wealth Secure 18 Years 85
• Multiple funds and investment strategies to choose from. Future Secure 28 Years 85
• Wellness benefits with Vitality Riders Goal Secure 18 Years 85
• Tax Benefits as per applicable tax laws Family Secure 28 Years 85

1 2
Minimum Policy Term
Benefits available under this plan
5 years for Single Pay, 10 years for Limited Pay/Regular Pay
Maximum Policy Term Maturity Benefit
50 years You shall get the Fund Value, including Top-Up Premium Fund
value, if any, valued at applicable NAV on the date of Maturity
Premium Paying Term
Single Pay, Limited Pay – 5 to 20 years, Regular Pay – 10 to a) Wealth Secure and Goal Secure
50 years If the Life Insured is alive on the Maturity Date, the Maturity
For Future Secure and Family Secure option Single Pay is Benefit shall be payable.
not applicable b) Future Secure and Family Secure
Minimum Premium Maturity benefit shall be payable to:
Plan Options Single Premium Limited/ a) The nominee (in case where the Life Insured has died
Regular Premium before maturity); OR
Wealth Secure ₹ 1,000 p.a ₹ 1,200 p.a b) The policyholder (in case the Life Insured is alive as on
Future Secure - ₹ 6,000 p.a. the Maturity date).
Goal Secure ₹ 1,000 p.a. ₹ 6,000 p.a.
Death Benefit
Family Secure - ₹ 6,000 p.a.
1. Wealth Secure
Single Pay option is not available with Future Secure and
Family Secure option. In case of death of the insured during the policy term and
while the policy is in force, the nominee shall get,
Maximum Premium
Highest of,
No limit, as per BAUP
(i) the Basic Sum Assured Less partial withdrawals made
Minimum Sum Assured (SA) during the two-year period immediately preceding the
Premium Basic Sum Assured Basic Sum Assured death of the life assured, or
Payment Term for Age 49 & below for Age 50 & above (ii) the Regular / Single Premium Fund Value of this Policy
Single Pay 1.25 times 1.1 times or
Single Premium Single Premium
(iii) 105 percent of the total Regular / Single Premiums
Regular Pay 7 times 5 times received up to the date of death Less partial
Annualised Premium Single Premium
withdrawals made during the two-year period
Limited Pay 7 times 5 times immediately preceding the death of the life assured
Annualised Premium Single Premium
In addition to this:
Maximum Sum Assured
Highest of
Maximum Sum Assured Multiple can go up to 30 Times,
(i) the approved Top-Up Sum Assured(s) or
depending upon Policy Term , Premium Paying term and Age.
Please refer to Annexure - A for more information. (ii) Top-Up Premium Fund Value of this Policy or
Top up Premium (iii) 105 percent of the total Top-up premium paid up to the
date of death.
Minimum: R 1000
is also payable provided the Policyholder has a Top-Up
Top up Sum Assured Premium Fund Value. The policy shall terminate on the
1.25 Times Top up premium death of Life Insured.
Premium Payment Mode 2. Future Secure
Single Pay/Yearly/ Half-yearly/Quarterly/Monthly In case of death of the insured during the policy term while
the policy is in force, the nominee shall get a lumpsum
benefit (as described below) immediately on death and the
policy shall continue till the end of the policy term.
Additionally, the Company shall fund all future due
premiums after the date of death of the Life Insured.
3 4
On each future premium due date(s), an amount equal to the 4. Family Secure
instalment premium shall be credited to the policyholder In case of death of the insured during the policy term while
account by the Company in the same proportion as the value the policy is in force, the nominee shall get a lumpsum
of the total units held in each fund at the time of allocation. benefit (as described below) immediately on death and the
policy shall continue till the end of the policy term. The
The lumpsum benefit shall be: nominee shall also get 1% of the Basic Sum Assured as
Highest of, guaranteed regular income per month till the end of Policy
Term subject to a minimum period of 36 months and a
(i) the Basic Sum Assured, or maximum period of 120 months from date of death of the
(ii) 105 percent of the total Regular/Single Premiums received life insured. The effective date of the first income payout
shall be on the monthly anniversary immediately following
up to the date of death
the date of death.
In addition to this: Additionally, the Company shall fund all future due
premiums after the date of death of the Life Insured.
Highest of
On each future premium due date(s), an amount equal to
(i) the approved Top-Up Sum Assured(s) or the instalment premium shall be credited to the
(ii) 105 percent of the total Top-up premium paid up to the policyholder account by the Company in the same
date of death. proportion as the value of the total units held in each fund
at the time of allocation.
is also payable provided the Policyholder has a Top-Up
Premium Fund Value. The lumpsum benefit shall be:
The following condition shall apply on death of Life Insured: Highest of,
• The Fund Value including Top up Fund Value, if any, will (i) The Basic Sum Assured, or
remain invested in the respective funds and portfolio
(ii) 105 percent of the total Regular/Single Premiums received
strategies as on date of death of the Life Insured.
up to the date of death
• Only the Fund Management Charge and Policy
Administration Charge will be levied. Life Insurance Cover In addition to this:
will not apply and mortality charges will not be deducted. Highest of
• The policy can’t be surrendered or altered. The Nominee
(i) The approved Top-Up Sum Assured(s) or
can’t make partial withdrawals, pay top up premiums,
switch funds, redirect premium, change portfolio strategy, (ii) 105 percent of the total Top-up premium paid up to the
opt for settlement option, or adjust premium payment date of death.
term, Sum Assured, or policy term. is also payable provided the Policyholder has a Top-Up
3. Goal Secure Premium Fund Value.
In case of death of the insured during the policy term and The following condition shall apply on death of Life
while the policy is in force, the nominee shall get, Insured:
Highest of, • The Fund Value including Top up Fund Value, if any, will
(i) Sum of the Basic Sum Assured and the Regular / Single remain invested in the respective funds and portfolio
Premium Fund Value of this Policy, or strategies as on date of death of the Life Insured.

(ii) 105 percent of the total Regular/Single Premiums received • Only the Fund Management Charge and Policy
up to the date of death Administration Charge will be levied. Life Insurance Cover
will not apply, and mortality charges will not be deducted.
In addition to this: • The policy can’t be surrendered or altered. The Nominee
Highest of can’t make partial withdrawals, pay top up premiums,
(i) Sum of the approved Top-Up Sum Assured(s) and Top-Up switch funds, redirect premium, change portfolio strategy,
Premium Fund Value of this Policy opt for settlement option, or adjust premium payment
term, Sum Assured, or policy term.
(ii) 105 percent of the total Top-up premium paid up to the
date of death. • In case of death of Life Insured with less than 36 months
left till the end of Policy Term, there will be a Lump Sum
is also payable provided the Policyholder has a Top-Up payment of remaining instalments (sum of 36 instalments
Premium Fund Value. The policy shall terminate on the less monthly instalments already paid) as the last monthly
death of Life Insured. payout at end of the Policy Term.

5 6
• At any time during the income period, the nominee also o plus
has an option to receive the commuted value of the future • Maturity Booster on the date of maturity (as defined below)
income benefit stream as a lumpsum, discounted at the
10-Year GSec yields prevailing at the time of commutation Maturity Loyalty Additions Maturity
+ 2%. Year Booster
10 to 14 1.25%
Juvenile Provision 0.10% every year starting from
15 to 19 2.25%
In case of Juvenile i.e., where the Insured is less than 18 years end of 6th policy year till the
of age, all rights relating to the Policy shall vest with the 20 to 24 years end of policy term. 3.25%
Policyholder. All rights and interests of the Policyholder in the >=25 years 4.25%
Policy shall cease when the Insured has attained 18 years of
age and is alive whereupon the Insured shall become the • Maturity booster and Loyalty Additions are added as a
policyholder of the Policy and only the Insured as new percentage of the average of the Fund Values including
policyholder of the Policy can exercise all rights, entitlements Top-up Fund Value, if any, on the last business day of the
and options provided under the Policy. If any of benefits, under last eight policy quarters. It will be added to the Fund value
this product; becomes payable under the Policy before the in the form of addition of units on the date of maturity.
Insured attains 18 years of age, such benefit shall be payable
to the policyholder. The risk on the juvenile’s life will commence • The above will not be applicable in case of a Surrendered,
immediately from the date of risk acceptance. Discontinued or Paid-up Policy, and will be payable
Fund Enhancements provided all due Regular Premiums/single premium under
the Policy have been paid up to date.
a. Smart Lady Benefit
For Female lives, 0.50% of the Annualized Premium or 0.25% • The above will be allocated to the Fund(s) in the same
of Single Premium shall be added to the Fund Value at the time proportion of the Fund value as on the maturity date.
of allocation of first year’s or Single premium respectively.
• Loyalty Additions and Maturity Booster are guaranteed
Extra Premium Allocation will be available under all the plan non-negative amounts and shall not be revoked by the
options. company provided the policy is in force and all due
b. Online / Digital Discount premiums have been paid till date.
We may allow customers to initiate purchase of policies
through ISNP mode (digital medium). For all such digital/online Benefit Illustration
sales, following additional benefits shall be applicable :
For, Wealth Secure To illustrate the above benefits let’s have a look at the following
Benefit Illustration
• ROMC: the total amount of Mortality charges deducted in
respect of life cover provided are added back to the fund Illustration 1
value, on the date of maturity Mr. Sharma is a 35-year-old working at an MNC and is looking
o Plus forward to investing his money to accumulate wealth that he
can use for his retirement or in case of any mishap his wife gets
• Maturity Booster on the date of maturity (as defined below)
a lumpsum amount that shall take away any financial burden.
Maturity Year Maturity Booster He then reaches out to Tata AIA to buy Smart SIP with Wealth
10 to 14 0.50% Secure option that will help him invest his money without any
15 to 19 1.50% Premium Allocation charge. With his investment of
20 to 24 years 2.50% R 1,00,000, he gets the below benefits throughout his policy
>=25 years 3.50% term along with a life cover of R 10 Lakhs throughout the term.

ROMC, will be excluding any extra Mortality charge & or The table below gives the Total Maturity Benefit for Mr. Sharma
Goods & Service Tax/any other applicable tax levied on the aged 35 years at standard age:
Mortality charge deducted, subject to changes in tax laws. • Fund Allocation: 100% in Flexi Growth Fund II
For, Future Secure, Goal Secure and Family Secure: • Annualised Premium: 1,00,000
• Loyalty Additions starting from end of 6th policy year (as • Mode of payment: Annual
defined below)

7 8
 Age Policy Term Premium Paying Annual Total Premium Basic Sum Fund Value Fund Value
Scenario
(Years) (Years) Term (Years) Premium## (R) Payable (R) Assured (R) @ 8% @ 4%
1 35 10 5 1,00,000 5,00,000 10,00,000 7,54,207 5,49,069
2 35 15 5 1,00,000 5,00,000 10,00,000 9,99,450 5,88,567
Illustration 2
Additionally with Smart SIP Future Secure option, he is sure
Mr. Shetty is a 35-year-old businessman who has just become
that his daughter will get her gift at the time of her marriage
a father. He is looking forward to investing his money to
even if he is not around.
accumulate wealth that he can gift his daughter whenever she
gets married. The table below gives the Total Maturity Benefit for Mr. Shetty
aged 35 years standard life:
He then reaches out to Tata AIA to buy Smart SIP plan Future
Secure option that will help him invest his money without any • Fund Allocation: 100% in Flexi Growth Fund II
premium allocation charge. With an investment of R 1,00,000 , • Annualised Premium: 1,00,000
he gets the below benefits throughout the policy term along • Mode of payment: Annual
with a life cover of R 10,00,000 throughout the term.
Age Policy Term Premium Paying Annual Total Premium Basic Sum Fund Value Fund Value
Scenario
(Years) (Years) Term (Years) Premium## (R) Payable (R) Assured (R) @ 8% @ 4%
1 35 10 5 1,00,000 5,00,000 10,00,000 7,37,127 5,36,631
2 35 15 5 1,00,000 5,00,000 10,00,000 9,55,189 5,62,024
Illustration 3: Additionally with Smart SIP Goal Secure option, he is assured
Mr. Kumar, a 35-year-old, wants to own a house by the time he that in his absence his nominee gets combined payout of
turns 45 or 50, He wants to start investing his money to be able accumulated wealth growth and death benefit payable, to let
to do that. He then reaches out to Tata AIA to buy Smart SIP the goal of having a house stay alive.
Goal Secure option, to secure his goal of having a house for his The table below gives the Total Maturity Benefit for Mr Kumar
parents. Goal Secure option will help him invest his money aged 35 years standard life:
without any premium allocation charge. With an investment of
• Fund Allocation: 100% in Flexi Growth Fund II
R 1,00,000, he gets the below benefits throughout the policy
term along with a life cover of R 10,00,000 throughout the term. • Annualised Premium: 1,00,000
• Mode of payment: Annual
Age Policy Term Premium Paying Annual Total Premium Basic Sum Fund Value Fund Value
Scenario
(Years) (Years) Term (Years) Premium## (R) Payable (R) Assured (R) @ 8% @ 4%
1 35 10 5 1,00,000 5,00,000 10,00,000 7,39,778 5,38,555
2 35 15 5 1,00,000 5,00,000 10,00,000 9,58,786 5,64,185
Illustration 4: R 10,00,000 throughout the term. Additionally with Smart SIP
Mr. Rao is a 35-year-old Merchant who just got married. He is Family Secure option, he is sure that his children will get to
looking forward to investing his money to accumulate wealth complete their education at the right time even if he is not around.
and wants to have his family financially secured in his absence. The table below gives the Total Maturity Benefit for Mr. Rao
He then reaches out to Tata AIA to buy Smart SIP Family Secure aged 35 years, standard life:
option that will help him invest his money without any premium • Fund Allocation: 100% in Flexi Growth Fund II
allocation. With an investment of R 1,00,000, he gets the below • Annualised Premium: 1,00,000
benefits throughout the policy term along with a life cover of • Mode of payment: Annual

Age Policy Term Premium Paying Annual Total Premium Basic Sum Fund Value Fund Value
Scenario
(Years) (Years) Term (Years) Premium## (R) Payable (R) Assured (R) @ 8% @ 4%
1 35 10 5 1,00,000 5,00,000 10,00,000 7,20,900 5,23,609
2 35 15 5 1,00,000 5,00,000 10,00,000 9,12,800 5,31,100
The above sample illustrations are basis non digital mode and Services Tax and cess as applicable and TDS), as imposed by the
##
“Goods and Services Tax and cess as applicable and TDS” is applicable as government from time to time. Kindly refer to Benefit illustration for exact
per governing laws. Tata AIA Life Insurance Company Limited reserves the premium.
right to recover from the Policyholder, any levies and duties (including Goods

9 10
Partial Withdrawal Benefit • The payouts can be taken monthly, quarterly, half-yearly,
Subject to policy being in force (including when the policy is yearly or on specified date(s). The first payout will be made
reduced paid up), Partial Withdrawal is allowed any time after on the withdrawal start date as chosen by the policyholder.
five policy anniversaries from Regular/Single Premium fund • All conditions applicable for partial withdrawals such as
value from the date of issuance of the policy. Under this facility, minimum and maximum withdrawal amount, age, etc. will
the policyholder can also opt for Systematic Withdrawal Plan be applicable for Systematic Withdrawal Plan as well. Both
(SWP), Chosen-rate Withdrawal Plan (CWP) and Index based SWP and partial withdrawal can be availed simultaneously
Withdrawal Plan (IWP). provided the fund value in any given year is not less than
• Partial withdrawals shall be made first from the Top-Up two years’ annualized premiums for Limited/ regular pay
Premium Fund which has completed the lock in period and and 5% of single premium paid for single pay.
then from Regular Premium Fund or Single Premium Fund, 2) Chosen-rate Withdrawal Plan (CWP)
whichever is applicable, if Top-Up Fund is insufficient.
Under this partial withdrawal facility, a payout, as per the
• For the purpose of partial withdrawals, lock in period for the payout frequency chosen, will be processed in case the
Top-up premiums will be five years or any such limit performance of the fund(s) where policyholder has invested
prescribed by IRDAI from time to time. their premium is higher than the chosen rate of return by the
• The minimum amount that can be withdrawn is ₹ 1,000/- policyholder.
subject to Total Fund Value (Regular + Top Up Fund) post For example, if the actual fund value on the date of withdrawal
such withdrawals not being less than an amount equivalent is more than the fund value basis the chosen rate of return ,
to two years’ Annualised Regular Premiums in case of then the positive difference between the two fund values shall
Regular/Limited Pay or 5% of Single Premium in case of be paid out to the policyholder. If the actual fund value is less
Single Pay. than the fund value basis the chosen rate, then no payout shall
be processed.
• Partial withdrawal is allowed only after insured attains 18
The following conditions shall apply on CWP:
years of age.
o The T&Cs applicable to SWP, shall be applicable to CWP.
• Any number of partial withdrawals can be made in a policy
Both SWP and CWP can not be opted together.
year and no charges shall be levied for making the partial
withdrawals. o Both CWP and partial withdrawal can be availed
simultaneously provided the fund value in any given year is
• The partial withdrawals shall not be allowed if it would
not less than two years’ Annualized premiums for Limited/
result in termination of the contract.
regular pay and 5% of Single premium paid for single pay
Create a passive income source with Smart 3) Index based Withdrawal Plan (IWP)
withdrawal options: This option works similar to CWP. But instead of choosing a
rate of return, the policyholder can link rate of return to an
1) Systematic Withdrawal Plan (SWP): external index. If the performance of the fund(s) where policy
This partial withdrawal facility allows policyholder to withdraw holder has invested their premium in is higher than their index
from the fund at pre-determined intervals. Such withdrawals based return, then the positive difference between the two
can be a pre-determined percentage of the fund value or a fund values shall be paid out to policy holder as per the payout
pre-determined absolute amount. frequency chosen.
For example, if the policyholder chooses 6% of the fund value The policyholder shall have an option to choose from a list of
indices such as:
to be withdrawn yearly, then an amount equal to 6% of the fund
value would be paid as per the specified payout frequency. 1) Compound Annual Growth Rate (CAGR) of benchmark
fund as on date of withdrawal
Following conditions shall apply on SWP:
2) 10-year G-Sec rate dated 1st April of each year as
• The policyholder has option to choose the percentage published by M/s. Financial Benchmarks India Pvt Ltd shall
ranging from 1% to 15%. be applicable during the period of twelve months,
beginning 1st May of the relevant financial year.
• This facility can be opted at policy inception or anytime during
the policy term. The policyholder may modify or opt-out of 3) SBI’s Savings A/c rate basis April 1 of the relevant year
the facility by notifying the Company at least 30-days prior to shall be applicable during the period of twelve months,
beginning 1st May of the relevant financial year
the policy anniversary. Policyholder may choose to opt-in
again as per the requirements on a later date. 4) SBI’s 5-year term deposit rates basis April 1 of the relevant
year shall be applicable during the period of twelve months,
• It is allowed only after five policy anniversaries from the beginning 1st May of the relevant financial year
date of issuance of the policy.
11 12
5) CPI Inflation rate as published by [Link] for March i) Enhanced Systematic Money Allocation & Regular
shall be applicable during the period of 12 months, Transfer (Enhanced SMART)
beginning 1st May of the next financial year.
ii) Life-stage based Portfolio Strategy
The following conditions shall apply on IWP:
a) You can choose from a variety of funds
o The list of indices shall be specified by the company
from time to time. The policyholder shall have the Your allocable Regular/ Single Premium and Top- Ups (if any)
flexibility to change the index by notifying the company are invested in one or more investment funds as per your
at least 30 days prior to the policy anniversary. chosen asset allocation. You have an option of choosing any or
all of the 15 Funds or such funds which are available at the time
o The T&Cs applicable to SWP, shall be applicable to of allocation, based on your preferred asset allocation.
IWP as well.
We offer 15 investment funds ranging from 100% debt to
o Both IWP and partial withdrawal can be availed
simultaneously provided the fund value in any given 100% equity to suit your particular needs and risk appetite –
year is not less than two years’ annualized premiums Emerging Opportunities Fund, Sustainable Equity Fund,
for Limited/ regular pay and 5% of single premium paid Multi Cap Fund, India Consumption Fund, Top 50 Fund,
for single pay. Top 200 fund, Super Select Equity Fund, Large Cap Equity
Fund, Whole Life Mid Cap Equity Fund , Dynamic
Note: Only one plan out of SWP/CWP and IWP can be chosen Advantage Fund, Flexi Growth Fund, Small Cap Discovery
by the policyholder. However, partial withdrawal can be availed Fund, Flexi Growth Fund II and Whole Life Income Fund II,
along with any of the above plans provided all the conditions Rising India Fund
are being met.
If you wish to diversify your risk, you can choose to allocate
Choose your Investment strategy: your premiums in varying proportions amongst the 15
This product offers you the flexibility to invest in a manner that investment funds.
suits your investment risk profile and individual needs. Our wide range of funds gives you the flexibility to redirect
a) You can choose from the 15 investment fund options future premiums and change your premium allocation
percentages from that point onwards. Also you can switch
OR monies from one investment fund to another at any time.
b) Choose any one of the following PORTFOLIO Switches must however be within the investment funds offered
STRATEGIES 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%
Emerging by investing in a portfolio of stocks that offer
Opportunities Fund opportunities in the Mid Cap space and
emerging leaders in the new age sectors offering High Debt Instruments 0% 10%
(ULIF 064 12/09/22 significant long-term wealth creation. The fund
EOF 110) can invest up to 30% of the portfolio in equity
and equity related instruments falling outside the Money Market Instruments, Cash,
0% 20%
mid-cap range. Bank Deposits and Mutual Funds
To focus on investing in select companies from Equity 80% 100%
Sustainable Equity the investment universe, which conduct Debt Instruments 0% 20%
Fund (ULIF 065 business in socially and environmentally High
12/09/22 ESG 110) responsible manner while maintaining Money Market Instruments, Cash,
0% 20%
governance standards. Bank Deposits and Mutual Funds
The primary investment objective of the Fund is Equity 60% 100%
Multi Cap Fund to generate capital appreciation in the long term
(ULIF 060 15/07/14 by investing in a diversified portfolio of Large Cap
and Mid Cap companies The allocation between High Debt Instruments 0% 40%
MCF 110)
Large Cap and Mid Cap companies will be largely
a function of the relative valuations of Large Cap Cash / Money Market Instruments, 0% 40%
companies as against Mid Cap companies. Bank Deposits and Mutual Funds

13 14
 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 60% 100%
India Consumption by investing in a diversified portfolio of
Fund (ULIF 061 companies which would benefit from India’s
Domestic Consumption growth story. The India High Debt Instruments 0% 40%
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
The Top 50 Fund will invest primarily in select
stocks which are a part of Nifty 50 Index with a
focus on generating long term capital appreciation. Equity Instruments 60% 100%
The Fund will not replicate the index but aim to
Top 50 Fund attain performance better than the performance of
(ULIF 026 12/01/09 the Index. As a defensive strategy arising out of High
ITF 110) market conditions, the scheme may also invest in
debt and money market instruments. Cash/ Money Market Instruments
Objective: The primary investment objective of the (including CP/CD), Bank Deposits 0% 40%
fund is to generate long term capital appreciation and Mutual Funds
by investing in select stocks.
The Top 200 Fund will invest primarily in select
stocks which are a part of BSE 200 Index with a Equity Instruments 60% 100%
focus on generating long term capital appreciation.
The Fund will not replicate the index but aim to
Top 200 fund attain performance better than the performance of
(ULIF 027 the Index. As a defensive strategy arising out of High
12/01/09 ITT 110) 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 Equity and Equity
60% 100%
instruments specifically excluding companies linked Instruments
predominantly dealing in Gambling,
Lotteries/Contests, Animal Produce, Liquor,
Tobacco, Entertainment (Films, TV etc) Hotels,
Super Select Equity sugar, leather, Banks and Financial Institutions.
Fund (ULIF 035 The cash holding of the Fund will be kept below High Debt Instruments 0% 40%
16/10/09 TSS 110) 40% of 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 Cash/ Money Market Instruments
period 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
Large Cap Equity Fund 80% 100%
generate long - term capital appreciation from a linked Instruments
(ULIF 017 07/01/08 High
portfolio that is invested pre-dominantly in large Cash / Money Market Instruments,
TLC 110) 0% 20%
cap equity and equity linked securities. Bank Deposits and Mutual Funds
Whole Life Mid Cap The primary investment objective of the Fund is to Equity and Equity
60% 100%
Equity Fund (ULIF generate long – term capital appreciation from a linked Instruments
High
009 04/01/07 portfolio that is invested pre-dominantly in Mid Cap Cash/ Money Market Instruments,
WLE 110) Equity and Mid Cap Equity linked securities. 0% 40%
Bank Deposits and Mutual Funds

15 16
 Investment Fund Fund Objective Asset Allocation Minimum Maximum
Equity 20% 80%
Dynamic Advantage
The primary investment objective of the Fund is to Debt Instrument 20% 80%
Fund (ULIF 066 Medium
maximize the returns with medium risk
12/09/22 DAF 110) Cash / Money Market Instruments,
0% 20%
Bank Deposits and Mutual Funds
The primary investment objective of the Fund is to Equity 70% 100%
Flexi Growth Fund
generate capital appreciation in the long term by Debt Instrument 0% 10%
(SFIN: ULIF 068 High
investing in a portfolio of stocks across market Money Market Instrument, Cash,
25/04/23 FGF 110) 0% 30%
capitalization. Bank Deposits and Mutual funds
The primary investment objective of the Fund is to
generate capital appreciation in the long term by Equity 70% 100%
investing in a portfolio of stocks in small-cap
Small Cap Discovery market capitalization. The fund will primarily invest
Fund (SFIN: ULIF 071 in carefully selected small-cap companies that High Debt Instrument 0% 10%
22/05/23 SCF 110) offer opportunities for long-term value creation.
Minimum 65% of equity and equity related
instruments of portfolio will comprise of small-cap Money Market Instrument, Cash,
0% 30%
stocks. Bank Deposits and Mutual funds

The primary investment objective of the Fund is to

generate income through investing in a range of Debt Instrument 60% 100%
Whole Life Income debt and money market instruments of various
Fund II (ULIF 076 maturities with a view to maximizing the optimal Low
06/06/24 WI2 110) balance between yield, safety and liquidity. The Money Market Instrument, Cash,
Fund will have no investments in equity or equity 0% 40%
Bank Deposits and Mutual funds
linked instruments at any point in time.
The objective of the Fund is to generate capital Equity 70% 100%
appreciation in the long term by investing in a
Flexi Growth Fund II
portfolio of stocks across market capitalization.
(ULIF 074 02/05/24 High Debt Instrument 0% 30%
The fund maintains flexibility to invest in carefully
FG2 110)
selected companies that offer opportunities across Money Market Instrument, Cash,
large, mid or small capitalization space 0% 30%
Bank Deposits and Mutual funds
The objective of the fund is to generate capital Equity 70% 100%
Rising India Fund appreciation by investing predominantly in equity Debt Instrument 0% 30%
(SFIN: ULIF 073 and equity-related securities with a focus to invest High
17/01/24 RIF 110) in growth stories across the Indian corporate Money Market Instrument, Cash,
0% 30%
landscape. Bank Deposits and Mutual funds

Although the funds are open ended, the Company may, as per In case of complete closure of a Fund, on and from the date of
Board approved policy and subject to prior approval from such closure, Tata AIA Life Insurance shall cease to issue and
IRDAI, completely close any of the funds. You will be given at cancel units of the said Fund and cease to carry on activities in
least three months’ prior written notice of our intention to close respect of the said Fund, except such acts as are required to
any of the Funds completely or partially except in ‘Force complete the closure. In such an event if the Units are not
Majeure’, where the company may give a shorter notice. switched to another Fund by you, Tata AIA Life Insurance will
switch the said units to any other appropriate Fund with similar
characteristics as per Board approved policy, with due
weightage for the respective NAVs at the time of switching,.

17 18
The NAV of the segregated funds shall be computed as: The investment objective for Discontinued Policy Fund is to
Market value of investment held by the fund + value of current provide capital protection and a minimum return as per
assets - (value of current liabilities and provisions, if any) regulatory requirement with a high level of safety and liquidity
through judicious investment in high quality short-term debt.
------------------------------------------------------------------------- The strategy is to generate better returns with low level of risk
Number of units existing on Valuation Date (before through investment in fixed interest securities having short term
creation/redemption of units) maturity profile. The risk profile of the fund is very low. There is a
minimum guarantee of interest @ 4% p.a. or as prescribed by
The various funds offered under this product are the names of IRDAI from time to time
the funds and do not in any way indicate the quality of these
funds, their future prospects and returns Asset allocation:
In case of exceptional circumstances/force majeure events, Instrument Allocation
investment in Cash / Money Market Instruments in all above Government Securities 60% -100%
funds may go up to 100%, subject to prior approval of IRDAI. Money Market Instruments 0% - 40%
Exceptional circumstances may include:
• when one or more stock exchanges which provide a basis b) Choose from the following PORTFOLIO STRATEGIES:
for valuation of the assets of the fund are closed otherwise i) Enhanced Systematic Money Allocation & Regular
than for ordinary holidays. Transfer (Enhanced SMART)
• when, as a result of political, economic, monetary or any This option is applicable till PPT only. Enhanced SMART
circumstances which are not in the control of the strategy is not available with top-up premium fund.
Company, the disposal of the assets of the fund would be Enhanced SMART is a systematic transfer plan. It allows
detrimental to the interests of the continuing policyholders. you to enter the volatile equity market in a structured
manner Under Enhanced SMART, you need to choose two
• in the event of natural calamities, strikes, war, civil unrest, funds, a debt oriented fund and an equity oriented fund.
riots and bandhs. Please refer to table below for the choice of available funds:
• in the event of any force majeure or disaster that affects the
Debt Oriented Funds Equity Oriented Funds
normal functioning of the Company
Whole Life Income Fund II Whole Life Mid Cap Equity Fund
FORCE MAJEURE PROVISIONS Large Cap Equity Fund
a) The Company shall value the Funds (SFIN) on each day for Multi Cap Fund
which the financial markets are open. However, the India Consumption Fund
Company may value the SFIN less frequently in extreme Super Select Equity Fund
circumstances external to the Company i.e. in force
Top 50 Fund
majeure events, where the value of the assets is too
uncertain. In such circumstances, the Company may defer Top 200 fund
the valuation of assets for up to 30 days until the Company Emerging Opportunities Fund
is certain that the valuation of SFIN can be resumed. Sustainable Equity Fund
b) The Company shall inform IRDAI of such deferment in the Flexi Growth Fund
valuation of assets. During the continuance of the force Small Cap Discovery Fund
majeure events, all request for servicing the policy including Rising India Fund
policy related payment shall be kept in abeyance. Flexi Growth Fund II
c) The Company shall continue to invest as per the fund Through Enhanced SMART, your entire annual/single
mandates as chosen by You. However, the Company shall allocable premium will be parked in the chosen debt
reserve its right to change the exposure of all or any part of oriented fund along with any existing units in that fund, if
the Fund to Money Market Instruments [as defined under any. These combined units in the chosen debt oriented
fund will be systematically transferred on a monthly basis
Regulations 2(j) of IRDAI (Investment) Regulations, 2016] in to the chosen equity oriented fund. All your future
circumstances mentioned under points (a and b) above. allocable premiums will also follow the same pattern as
The exposure to of the Fund as per the fund mandates as long as Enhanced SMART is active on your plan.
chosen by You shall be reinstated within reasonable Switching to/from the Enhanced SMART funds to other
timelines once the force majeure situation ends. available funds is not allowed.
d) In such an event, an intimation of such force majeure event Thus, while the stock market remains volatile and
shall be uploaded on Our website for information. unpredictable, Enhanced SMART strategy offers a
systematic way of rupee cost averaging. However, all
Discontinued Policy Fund: investments through this option are still subject to
investment risks, which shall continue to be borne by you.
19 20
 A portion of total units in the chosen debt oriented fund in the Equity oriented fund as chosen by customer
shall be switched automatically into the chosen equity under Enhanced SMART strategy.
oriented fund in the following way: o You have an option to do manual fund switching to
Monthly Enhanced SMART other available funds after the end of policy year 1.
Policy Month 1 1/12 of the units available at the beginning The Company may cease offering Enhanced SMART by
of Policy Month 1 giving 30 days of written notice subject to prior approval of
Policy Month 2 1/11 of the units available at the beginning Insurance Regulatory and Development Authority of India.
of Policy Month 2 ii) Life-Stage based Portfolio Strategy
..........................
Policy Month 6 1/ 7 of the units available at the beginning Under the Life-stage based Portfolio Strategy, your
of Policy Month 6 portfolio will be structured as per your age and risk profile
.......................... selected by you (Conservative, Moderate or Aggressive).
Policy Month 11 ½ of the units available at the beginning of We will automatically shift your investments from riskier
Policy Month 11 assets to safer assets progressively as you age. We will
Policy Month 12 Balance units available at the beginning of invest your Single Premium/Annualized Premium between
Policy Month 12 the two funds, an equity fund and a debt fund (as selected
by you from our range of funds) in a predetermined
The following are the notable features of Enhanced SMART: - proportion based on the selected risk profile and your age
• Enhanced SMART can be availed by you, exercisable at when the premium is invested.
policy inception or on any policy anniversary. A written
request to commence, change or restart Enhanced Debt Oriented Funds Equity Oriented Funds
SMART should be received 30 days in advance of the Whole Life Income Fund II Whole Life Mid Cap Equity Fund
policy anniversary. The request shall take effect on the Large Cap Equity Fund
following policy anniversary. Once chosen the strategy will Multi Cap Fund
be applicable for future premiums for all the premium
India Consumption Fund
payment terms except single premium.
Super Select Equity Fund
• Request for commencement, change or restart of Enhanced
Top 50 Fund
SMART will be subject to all due premiums
being paid. Top 200 fund
Emerging Opportunities Fund
• Enhanced SMART option is available only to the policies
with the annual/single mode of payment. Sustainable Equity Fund
Flexi Growth Fund
• Enhanced SMART is free of any charge.
Small Cap Discovery Fund
• You will have the option to stop the Enhanced SMART at Rising India Fund
any point of time by a written request and it shall take effect
Flexi Growth Fund II
from the next Enhanced SMART switching that follows the
Company’s receipt. Through this strategy, your allocable premium will be
• Manual fund switching for the two funds selected for parked in the chosen equity oriented and debt oriented
activation of Enhanced SMART is not allowed. Manual fund fund in a predetermined proportion based on the selected
switching is allowed on other available funds. For Top-up risk profile and age.
premiums, manual switching option will be available at As you age, your Fund value will be shifted automatically
applicable charges. from chosen equity oriented fund to chosen debt oriented
• Any amount remaining in regular premium funds other than fund according to then applicable Equity-Debt proportion
the two funds selected for activation of Enhanced SMART, as per the age group.
would continue to remain invested in those funds.
If opted for this strategy, you shall not be allowed to exercise
• Enhanced SMART Option will not be available during the Premium-Redirection or Fund-Switching option.
Discontinuance of Premium. On revival of the policy, you
can opt for Enhanced SMART again. However, you will have an option to opt out of this strategy
• In Case of Single Premium option: anytime during the Policy Term, by notifying the company
atleast 30-days prior to the policy anniversary. You will be
o Enhanced SMART strategy can only be opted for at allowed to exercise free Switches or Premium Redirection
policy inception.
options after opting out of this strategy.
o Enhanced SMART strategy will be applicable for policy
The percentage allocation to equity fund according to age
year 1 only.
and risk profile is as given below. The remaining percentage
o From the end of year 1, the amount will remain invested allocation out of 100% shall be in the debt fund.
21 22
 Risk Profile • Single premium top-ups are allowed anytime except during
Age Group last five years of the policy term provided all due regular
Aggressive Moderate Conservative
premiums have been paid.
1-30 90% 70% 50%
31-40 80% 60% 50% • Minimum top-up premium is R 1000/-.
41-50 70% 50% 30% • Policyholder will be provided an additional sum assured
51-60 55% 35% 15% equal to 1.25 X top-up premium, subject to BAUP.
61-70 40% 20% 0% • Top-up premiums can be allocated in any proportion
71 & above 25% 5% 0% between the funds offered as chosen by the Policyholder.
Units shall be rebalanced as necessary to achieve the • Top-up Premiums are subject to charges as described
above proportions of the Fund Value in the equity fund and under “Charges Applicable” section.
the debt fund. The re-balancing of units shall be done on • Every top-up Premium shall have a lock in period of five
the last day of each Policy quarter. years from the date of approval of that Top-up Premium.
The following are the notable features of Life-Stage Based This rule is not applicable in case of complete withdrawal
Strategy: - of policy.
• The Life-Stage Based strategy can be availed by you, Flexibility of Premium Mode
exercisable at policy inception or on any policy anniversary. You may choose to pay your premiums Annually,
A written request to commence, change or restart Semi-annually, Quarterly, Monthly or even single time as per
Life-Stage Based Strategy should be received 30 days in your convenience as per table below subject to minimum
advance of the policy anniversary. The request shall take premium conditions for each mode
effect on the following policy anniversary.
Monthly 0.0833 times of Annualised Premium
• Request for commencement, change or restart of the
Quarterly 0.25 times of Annualised Premium
strategy will be subject to all due premiums being paid.
Semi-Annually 0.50 times of Annualised Premium
• Life-Stage Based Strategy is free of any charge. Annually 1 times of Annualised Premium
• You will have the option to stop the Life-Stage Based
Switching Between the Funds
Strategy at any point of time by a written request at least 30
days prior to policy anniversary and the strategy shall stop During the policy term, you may switch your investment or part
at the following policy anniversary. of investment from one fund to another as per your outlook
about the markets. Switching may be restricted if the
• Manual fund switching or Premium- Redirection shall not Enhanced SMART/ Life-stage based portfolio strategy is
be allowed under this strategy. chosen. Please refer to Choose you Investment Strategy
• Life-Stage Based Strategy Option will not be available section for details. Any number of switches are allowed in a
during Discontinuance of Premium. On revival of the policy, policy year and are available at no additional cost.
the Policyholder can opt for Life-Stage Based Strategy You may send the Company a written request to switch
again. investment between available Funds. The written request must
Tracking and Assessing Your Investments specify the Fund(s) from which Units are to be redeemed and
the Fund(s) to which Units are being allocated.
You can monitor your investments.
Premium Re-direction
• On our website ([Link]);
Premium Re-direction facility helps you to allocate future
• Through the annual statement detailing the number of units
premiums to a different fund or set of funds. There is no
you have in each investment fund and their respective then
Premium-Redirection charge. Premium Re-direction will not be
prevailing NAV; and
allowed if Enhanced SMART is chosen.
• Through the published NAVs of all investment funds on our
website and Life council’s website. Settlement Option
Provided insured is alive on the maturity date, there is an option
to receive Maturity Benefit either in lump sum or in the form of
Other benefits available under the plan
periodical payments over a Settlement Period of five years from
the Maturity Date. The first instalment under settlement option
Top-up Facility
shall be payable on the date of maturity. The frequency of
You have the flexibility to pay additional premium as ‘Top-up periodical payment shall be chosen by the Policyholder and
Premium’, provided the policy is in force. can be yearly, half-yearly, quarterly or monthly. The value of
23 24
such periodical payments will depend on the performance of Any minimum and maximum sum assured limits on all the
the Funds selected for investment. above unit-deducting and premium-paying riders will remain
This option is not available in case of Future Secure and Family applicable, irrespective of the fact that lower or higher sum
Secure where the life assured does not survive till the end of assured might be chosen as the base cover under this plan.
policy term. The rider(s) shall be attached with the base plan in compliance
During this Settlement Period, life cover shall be maintained at with Regulation 8 of IRDAI (Insurance Products) Regulations,
105% of the total premiums paid. In case of death, higher of 2024 and as per specified.
Total Fund Value at the time of death or 105% of total If there is an overlapping benefit between the Base product
premiums paid will be returned to the Nominee. and any of the benefit option under the named riders, that
Switches may be allowed during the settlement period. Partial benefit option of the rider shall not be offered.
withdrawals shall not be allowed during this period.
During this period, Fund Management Charges and Mortality NAV Calculation
Charges will be deducted as due. No other charges shall
be levied. The Net Asset Value (NAV) of the segregated funds shall be
At any time during the Settlement Period, the Policyholder has computed as:
the option to withdraw the Total Fund Value at any time without Market value of investment held by the fund + value of current
any additional charges levied. assets - (value of current liabilities and provisions, if any)
During this Settlement Period, the investment risk will be borne ------------------------------------------------------------------------
Number of units existing on Valuation Date (before
by the Policyholder
creation/redemption of units)
Flexibility of Additional Coverage The Net Asset value (NAV) will be determined and published
Policyholders have an option to choose from a set of daily in various financial newspapers and will also be available
unit-deducting or a set of premium-paying riders: on [Link], the official website of Tata AIA Life. All
you have to do is multiply the number of Units you have with
The set of unit-deducting riders are as below: the published NAV to arrive at the value of your investments.
• Tata AIA Life Insurance Waiver of Premium (Linked) Rider
Credit/Debit of Units
(UIN: 110A026V02 or any later version)
Premiums received, will be used to purchase Units at the NAV
• Tata AIA Life Insurance Waiver of Premium Plus (Linked) according to your instruction for allocation of Premium. Units
Rider (UIN: 110A025V02 or any later version)- Not purchased by Premium and Top-Up Premium will be deposited
applicable for Future Secure and Family Secure option. into the Regular/Single Premium Fund Value and Top-Up
• Tata AIA Life Insurance Accidental Death and Premium Fund Value respectively.
Dismemberment (Long Scale) (ADDL) Linked Rider (UIN: Where notice is required (Partial Withdrawal, Complete
110A027V02 or any later version) withdrawal or death of the Insured), Units being debited shall
be valued by reference to their NAV as specified in the section
• Tata AIA OPD Care (UIN: 110A166V02 or any later version) “Cut-off time for determining the appropriate valuation date”
The set of premium-paying riders are as below: under Fund Provisions.
• Tata AIA Life Linked Comprehensive Health Rider (UIN: Cut-off time for determining the appropriate valuation date
110A031V02 or any later version) The appropriate business day at which NAV will be used to
• Tata AIA Life Linked Comprehensive Protection Rider (UIN: purchase or redeem Units shall be determined in the following
110A032V02 or any later version) manner:-
• Tata AIA Vitality Health Plus (UIN: 110A047V02 or any later a) Purchase & Allocation of Units in respect of Premiums
version) received or Fund Value(s) switched in:
• Tata AIA Vitality Protect Plus (UIN: 110A048V03 or any later • If the premiums, by way of cash or a local cheque or a
version) demand draft payable at par or the request for
• Tata AIA Sampoorna Health (UIN: 110A167V02 or any later switching in Fund Value(s) is/are received by us at or
version) before 3:00 p.m. of a business day at the place where
Riders can be attached at policy inception or any policy these are receivable, NAV of the date of receipt or the
due date, whichever is later shall apply.
anniversary of the base plan subject to the rider premium
payment term and the policy term shall not be more than the • If the premium/s, by way of cash or a local cheque or a
outstanding premium payment term and outstanding policy demand draft payable at par or the request for
switching in Fund Value(s) is/are received by us after
term for the base plan.
25 26
 3:00 pm of a business day, at the place where these The Waiver of premium benefit under Future Secure Option
are receivable, NAV of the next business day following and Family Secure Option will not be applicable if the policy is
the receipt or the due date, whichever is later shall in the discontinued status.
apply.
For Single Pay:
• If the premium/s is received by us by way of an
outstation cheque/outstation demand draft, NAV of the The policyholder has an option to surrender any time during the
date of on which these instruments are realized shall lock-in period. Upon receipt of request for surrender, the fund
apply. value, after deducting the applicable discontinuance charges,
b) Sale & Redemption of Units in respect of withdrawals, shall be credited to the discontinued policy fund.
surrender, Fund Value(s) switched out, death claim: The policy shall continue to be invested in the discontinued
• If a valid request/application is received by us at or policy fund and the proceeds from the discontinuance fund
before 3:00 pm of a business day, NAV of the date of shall be paid at the end of lock-in period. Only fund
receipt shall apply. management charge can be deducted from this fund during
• If a valid request/application is received by us after 3:00 this period. Further, no risk cover shall be available on such
pm of a business day, NAV of the next business day policy during the discontinuance period.
following the receipt shall apply. “Proceeds of the discontinued policies” means the fund
value as on the date the policy was discontinued, after addition
Discontinuance of Premiums of interest computed at the minimum guaranteed interest rate.
Revival of a discontinued policy during lock-in period
Discontinuance of Premium within Five Years from the
Date of Commencement (Discontinuance of the policy during Upon revival, the policy shall be revived restoring the risk cover,
lock-in period): along with the investments made in the
Upon expiry of the grace period, in case of discontinuance of segregated funds as chosen by the policyholder, out of the
policy due to non-payment of premium, the fund value after discontinued fund, less the applicable charges.
deducting the applicable discontinuance charges, shall be At the time of revival, we shall:
credited to the discontinued policy fund and the risk cover and i) collect all due and unpaid premiums without charging any
rider cover, if any, shall cease. interest or fee
All such discontinued policies shall be provided a revival period ii) collect policy administration charge and premium
of three years from date of first unpaid premium. On such allocation charge as applicable during the discontinuance
discontinuance, the Company shall communicate the status of period. Guarantee charges, if applicable, during the
the policy, within three months of the first unpaid premium, to discontinuance period, may be deducted provided the
the policyholder and provide the option to revive the policy guarantee continues to be applicable. No other charges
shall be levied.
within the revival period.
iii) add back to the fund, the discontinuance charges
a) In case the policyholder opts to revive but does not revive deducted at the time of discontinuance of the policy
the policy during the revival period, the proceeds of the
discontinued policy fund shall be paid to the policyholder at Segregated Discontinued Policy Fund
the end of the revival period or lock-in period whichever is The discontinued policy fund shall be a segregated unit fund.
later. In respect of revival period ending after lock-in period, Only fund management charges shall be applicable on such
the policy will remain in discontinuance fund till the end of funds. The fund management charge on discontinued policy
revival period. The Fund management charges of fund shall be declared by IRDAI from time to time. Currently,
discontinued fund will be applicable during this period and the fund management charge shall not exceed 50 basis
no other charges will be applied. points per annum.
b) In case the policyholder does not exercise the option as set Minimum Guaranteed Interest Rate
out above, the policy shall continue without any risk cover The minimum guaranteed interest rate applicable to the
and rider cover, if any, and the policy fund shall remain discontinued fund shall be declared by IRDAI from time to time.
invested in the discontinuance fund. At the end of the lock-in The current minimum guaranteed interest rate applicable to the
period, the proceeds of the discontinuance fund shall be discontinued fund is 4% per annum.
paid to the policyholder and the policy shall terminate. The excess income earned in the discontinued fund over and
c) However, the policyholder has an option to surrender the above the minimum guaranteed interest rate shall also be
policy anytime and proceeds of the discontinued policy apportioned to the discontinued policy fund in arriving at the
shall be payable at the end of lock-in period or date of proceeds of the discontinued policies and shall not be made
surrender whichever is later. available to the shareholders

27 28
Discontinuance of Premium after Five Years from the Date In case the policyholder opts (iii), i.e., to continue the policy till
of Commencement (Discontinuance of Policy after the revival period with Original Sum assured, the fund value after
lock-in-Period): deducting mortality charges (based on Original Sum Assured)
For Limited / Regular Pay: shall be payable at end of revival period.
Upon expiry of the grace period, in case of discontinuance of The death benefit during the revival period shall be:
policy due to non-payment of premium after lock-in period, the Highest of,
policy shall be converted into a reduced paid up policy. The
(i) the Basic Sum Assured Less partial withdrawals made
policy shall continue to be in reduced paid-up status without
during the two-year period immediately preceding the
rider cover, if any. All charges as per terms and conditions of
death of the life assured, or
the policy may be deducted during the revival period. However,
the mortality charges shall be deducted based on the reduced (ii) the Regular Premium Fund Value of this Policy or
paid up sum assured only. (iii) 105 percent of the total Regular / Single Premiums
On such discontinuance, Insurer shall communicate the status received up to the date of death Less partial withdrawals
of the policy, within three months of the first unpaid premium, made during the two-year period immediately preceding
to the policyholder and provide the following options: the death of the life assured
i) To revive the policy within the revival period of three years, In addition to this:
or Highest of,
ii) Complete withdrawal of the policy (i) the approved Top-Up Sum Assured(s) or
iii) Continue the policy till the revival period with Original Sum (ii) Top-Up Premium Fund Value of this Policy or
Assured.
(iii) 105 percent of the total Top-up premium paid up to the
The Waiver of premium benefit under Future Secure Option and date of death.
Family Secure Option will not be applicable if the policy is in the
reduced paid-up status. is also payable provided the Policyholder has a Top-Up
Premium Fund Value.
In case the policyholder opts (i), i.e., to revive but does not
revive the policy during the revival period, the fund value The policy shall terminate on the death of Life Insured.
(including any Top-Up fund value) shall be paid to the In case the policyholder does not exercise any option as set
policyholder at the end of the revival period. out above, the policy shall continue to be in reduced paid up
The death benefit during the revival period shall be: status. At the end of the revival period the proceeds of the
policy fund shall be paid to the policyholder and the policy
Highest of, shall terminate.
(i) Reduced Paid-up Sum Assured Less partial withdrawals The death benefit during the revival period shall be:
made during the two-year period immediately preceding Highest of,
the death of the life assured or
(i) Reduced Paid-up Sum Assured Less partial withdrawals
(ii) Regular Premium Fund Value of the policy made during the two-year period immediately preceding
(iii) 105 percent of the total Regular / Single Premiums the death of the life assured or
received up to the date of death Less partial withdrawals (ii) Regular Premium Fund Value of the policy
made during the two-year period immediately preceding
the death of the life assured (iii) 105 percent of the total Regular / Single Premiums
received up to the date of death Less partial withdrawals
In addition to this: made during the two-year period immediately preceding
Highest of, the death of the life assured
i) The approved Top-up Sum Assured(s) or In addition to this:
ii) Top-Up Premium Fund Value of the policy or Highest of,
iii) 105 percent of the total Top-up premium paid up to the (i) the approved Top-Up Sum Assured(s) or
date of death (ii) Top-Up Premium Fund Value of this Policy or
is also payable provided the policyholder has a Top-up (iii) 105 percent of the total Top-up premium paid up to the
Premium Fund Value date of death.
The policy shall terminate on the death of Life Insured. is also payable provided the Policyholder has a Top-Up
Premium Fund Value.
In case the policyholder opts (ii), i.e., to withdraw the policy
completely, then the policy will be surrendered and the fund The policy shall terminate on the death of Life Insured.
value (including any Top-Up fund value) shall be paid. However, the policyholder has an option to surrender the policy

29 30
anytime and proceeds of the policy fund shall be payable.
Charges Applicable7
For Single Pay:
The policyholder has an option to surrender the policy any time. Premium Allocation Charge
Upon receipt of request for surrender, the fund value as on date
of surrender shall be payable. There are no Premium Allocation Charge(s) on base premium
and Top-up premium.
Revival of a discontinued policy after lock-in period
Upon revival, the policy shall be revived restoring the original Policy Administration Charge
risk cover, benefits and charges in accordance with the terms Single Pay: 0.025% of Single premium per month with
and conditions of the policy. The rider may also be revived at maximum capping of INR 500.
the option of the policyholders. Limited Pay/Regular Pay: 0.25% of annualized premium per
At the time of revival, we: month with maximum capping of INR 500.
i) shall collect all due and unpaid premiums under base plan In case of Online and Digital Sales, no policy administration
without charging any interest or fee charges are applicable after 10th policy year.
ii) shall not levy any other charges. Fund Management Charge
REDUCED PAID UP A Fund Management Charge will be applicable for each fund
on each valuation date at 1/365 of the following annual rates
As per section “Discontinuance of Premium after Five Years
and will be applied on the total values of the investment funds
from the Date of Commencement” above. as given below
Reduced paid-up sum assured = Basic Sum Assured * (t / n)
Funds FMC per annum
Where,
Whole Life Mid Cap Equity Fund 1.20%
t = Total number of Premiums paid
Large Cap Equity Fund 1.20%
n= Total number of Premiums payable for the entire premium Multi Cap Fund 1.20%
paying term
India Consumption Fund 1.20%
Complete Withdrawal / Surrender of the Policy. Super Select Equity Fund 1.20%
The Policyholder can completely withdraw / surrender his / her Top 50 Fund 1.20%
policy anytime during the policy term by intimating the
company. Top 200 fund 1.20%
Emerging Opportunities Fund 1.20%
If Policyholder requests for Complete Withdrawal / surrender
from the policy – Sustainable Equity Fund 1.20%
• Within the lock-in period: the Surrender Value i.e. the total Dynamic Advantage Fund 1.20%
Fund Value less applicable discontinuance charges as on Flexi Growth Fund 1.20%
the date of discontinuance shall be credited to the Small Cap Discovery Fund 1.20%
‘Discontinued Policy Fund’ as maintained by the Company. Rising India Fund 1.20%
The ‘Proceeds of the Discontinued Policy’ i.e. the Fund
Value as on the date of discontinuance plus entire income Flexi Growth Fund II 1.35%
earned after deduction of the fund management charges, Whole Life Income Fund II 1.35%
subject to a minimum guarantee of interest @ 4% p.a. or as
prescribed by IRDAI from time to time shall be paid to the Fund Management Charges are subject to revision by
Policyholder after completion of the lock-in period. Company with prior approval of IRDAI but shall not exceed
1.35% per annum of the Fund value which is the maximum
In case of death of the insured during this period the
“Proceeds of the Discontinued Policy” shall be payable to limit currently specified by the Authority and can change from
the nominee immediately. time to time.
• After the Lock-in Period: surrender value equal to the total A Fund Management Charge of 0.50% p.a. shall be charged
fund value as on the date of complete withdrawal / on Discontinued Policy Fund. The current cap on Fund
surrender shall be paid to the Policyholder. Management Charge (FMC) for Discontinued Policy Fund is
0.50% p.a. and shall be declared by the Authority from time
Lock-in period means the period of 5 consecutive completed
years from the date of commencement of the policy, during to time.
which period the proceeds of the policies cannot be paid by Mortality Charge
the insurer to the policyholder or to the insured, except in the
case of death or upon the happening of any other contingency The Mortality Charge shall be deducted by cancelling Units at
covered under the policy the current NAV, from the Fund value of the Policy at the
beginning of each policy month. In case of the Top-Up Sum
Assured, the same will be deducted from the Top-Up Premium
31 32
Fund Value. If the Fund Value is insufficient, then mortality SAR in each month for Top-Up Account is:
charge will be deducted from the Top-Up Premium Fund Value, Maximum of (Top-Up Sum Assured from the relevant
if any and vice-versa. Top-Up Premium Fund Value or 105% times total top-up
Mortality charge = Sum at Risk (SAR) multiplied by the premiums paid)
applicable Mortality Rate for the month, based on the attained 4) Under Family Secure:
age of the insured.
SAR in each month for Regular Account is:
SAR is defined as:
Maximum of (Basic Sum Assured or 105% times total
1) Under Wealth Secure: premium paid)
SAR in each month for Regular Account is the difference SAR in each month for Top-Up Account is:
between:
Maximum of (Top-Up Sum Assured from the relevant
a) Maximum of (Basic Sum Assured or 105% times total Top-Up Premium Fund Value or 105% times total top-up
premium paid) Less partial withdrawals made during
premiums paid)
the two-year period immediately preceding the death
of the life assured In addition to the above, an additional mortality charge for
Waiver of Premium and guaranteed regular income
and
payable post death of life insured shall be deducted by
b) Single / Regular Premium Fund Value at the time of cancelling Units at the current NAV, from the Fund value of
deduction of Mortality Charge the Policy at the beginning of each policy month, which will
Sum at Risk (SAR) in each month for Top-Up Account is be calculated as
the difference between: Factor A * Annualised Premium * applicable Mortality Rate
a) Maximum of (Top-Up Sum Assured from the relevant for the month, based on the attained age of the insured
Top-Up Premium Fund Value or 105% times total plus
top-up premiums paid) Factor B * 1% of Basic Sum Assured * applicable Mortality
and Rate for the month, based on the attained age of the
b) Top-up Premium Fund Value at the time of deduction of insured.
Mortality Charge. Where:
2) Under Future Secure: Factor A represents the present value of future premiums
SAR in each month for Regular Account is: payable annually at 5% p.a
Maximum of (Basic Sum Assured or 105% times total For non-annual premium payment mode Factor A, is
premium paid) increased by adding 0.5 to the applicable annual factor
SAR in each month for Top-Up Account is Maximum of Factor B: represents the present value of future incomes
(Top-Up Sum Assured from the relevant Top-Up Premium Fund payable annually at 5% p.a
Value or 105% times total top-up premiums paid) The Mortality Charges will be guaranteed for the policy term
In addition to the above, an additional mortality charge for and please refer sample mortality rate chart for a Male
Waiver of Premium shall be deducted by cancelling Units at the standard life :
current NAV, from the Fund value of the Policy at the beginning Age Mortality Charge (per 1000 Sum Assured)
of each policy month, which will be calculated as: 30 1.075
Factor A * Annualised Premium * applicable Mortality Rate for 35 1.322
the month, based on the attained age of the insured. 40 1.848
Where Factor A represents the present value of future 45 2.837
premiums payable annually at 5% p.a
The Company may alter all the above charges (except Mortality
For non-annual premium payment mode Factor A, is increased Charge which is guaranteed throughout the term) by giving an
by adding 0.5 to the applicable annual factor. advance notice of at least 3 months to the Policyholder subject
3) Under Goal Secure: to prior approval of IRDAI and will have prospective effect.
SAR in each month for Regular Account is: SAR for Reduced Paid-up Policies
Maximum of (Basic Sum Assured or 105% times total The SAR in each month for policies in reduced paid-up status
premium paid) is the difference between:

33 34
a) Maximum of (Reduced Sum Assured or 105% times total Where the policy is Maximum Discontinuance Charges for
premium paid) Less partial withdrawals made during the discontinued during the policies having Single Premium
two-year period immediately preceding the death of the the policy year above R 3,00,000/-
life assured Lower of 1% of Single Premium or Single
and 1 Premium Fund Value subject to a
maximum of R 6000/-
b) Fund Value at the time of deduction of Mortality Charge
Lower of 0.70% of Single Premium or
Sum at Risk (SAR) in each month for Top-Up Account is 2 Single Premium Fund Value subject to a
the difference between: maximum of R 5000/-
a) Maximum of (Top-Up Sum Assured, from the relevant Lower of 0.50% of Single Premium or
Top-Up Premium Fund Value or 105% times total top-up 3 Single Premium Fund Value subject to a
premiums paid) maximum of R 4000/-
and Lower of 0.35% of Single Premium or
4 Single Premium Fund Value subject to a
b) Top-up Premium Fund Value at the time of deduction of maximum of R 2000/-
Mortality Charge.
5 and onwards Nil
Discontinuance Charge
The following table shows discontinuance charges
You can discontinue paying premium anytime during the policy applicable for Regular / Limited Pay Option
term by intimating to the company. However, when the request
for discontinuance from the policy is within the lock-in period of Where the policy is Maximum Discontinuance Charges for
5 years from policy inception, total fund value, net of discontinued during the policies having annualized
discontinuance charges as on the date of discontinuance shall the policy year premium up to R 50,000/-
be put in the ‘Discontinued Policy Fund’. The ‘Proceeds of the Lower of 20% of Annualised Premium or
Discontinued Policy’ i.e. the fund value as on the date of 1 Regular Premium Fund Value subject to
discontinuance plus entire income earned after deduction of a maximum of R 3000
the fund management charges, subject to a minimum Lower of 15% of Annualised Premium or
guarantee of interest @ 4% p.a. or as prescribed by IRDAI from 2 Regular Premium Fund Value subject to
time to time shall be paid to the Policyholder only after a maximum of R 2000
completion of the lock-in period. Lower of 10% of Annualised Premium or
3 Regular Premium Fund Value subject to
The following table shows discontinuance charges
a maximum of R 1500
applicable for Single Pay Option
Lower of 5% of Annualised Premium or
Where the policy is Maximum Discontinuance Charges for 4 Regular Premium Fund Value subject to
discontinued during the policies having Single Premium up a maximum of R 1000
the policy year to R 3,00,000/-
5 and onwards Nil
Lower of 2% of Single Premium or Single
1 Premium Fund Value subject to a Where the Maximum Discontinuance Charges for
maximum of z 3000/- policy is discontinued the policies having annualized
Lower of 1.5% of Single Premium or during the policy year premium above R 50,000/-
2 Single Premium Fund Value subject to a Lower of 6% of Annualised Premium or
maximum of z 2000/- 1 Regular Premium Fund Value subject to
Lower of 1% of Single Premium or Single a maximum of R 6000
3 Premium Fund Value subject to a Lower of 4% of Annualised Premium or
maximum of z 1500/- 2 Regular Premium Fund Value subject to
Lower of 0.5% of Single Premium or a maximum of R 5000
4 Single Premium Fund Value subject to a Lower of 3% of Annualised Premium or
maximum of z 1000/- 3 Regular Premium Fund Value subject to
5 and onwards Nil a maximum of R 4000
Lower of 2% of Annualised Premium or
4 Regular Premium Fund Value subject
maximum of R 2000
5 and onwards Nil

35 36
There are no discontinuance charges applicable on Top-Up
Premium fund value The maximum discontinuance charge Terms and Conditions
shall not exceed the limits as decided by IRDAI from time
to time. TATA AIA Smart SIP is available through online sales.

Partial Withdrawal Charge Free Look Period

There are no partial withdrawal charges under If the policy holder is not satisfied with the terms &
this plan. conditions/features of the Policy, policy holder has the right to
cancel the Policy by giving written notice to Tata AIA and policy
Fund Switching Charge holder will receive the the non-allocated premium plus charges
There are no fund switching charges. levied by cancellation of units plus fund value at the date of
Miscellaneous Charge: cancellation less (a) Extra Premium Allocation (b) proportionate
risk premium for the period of cover (c) medical examination
Nil
costs, if any and (d) stamp duty, along with GSTon above
Premium Re-direction Charge which has been incurred for issuing the Policy. Such notice
Fund redirection is allowed for future limited/ regular must be signed by policy holder and received directly by TATA
premium/(s), provided percentage chosen is integral AIA within 30 days after policy holder or person authorized by
percentage for each funds and sums to 100%. There is no policy holder receives the Policy
fund re-direction charge applicable under this Product. Grace Period
Redirection shall not be allowed in case Enhanced SMART If you are unable to pay your Premium on time, starting from
strategy is chosen. the date of first unpaid premium, a grace period of 30 days will
POLICY TERMINATION be offered for policies on Annual, Semi- Annual or Quarterly
Modes. For Policies on monthly mode the grace period would
All coverage under this Policy shall automatically terminate on
be 15 days. During this period your policy is considered to be
the occurrence of the earliest of the following:
in force with the risk cover as per the terms & conditions of
(1) Date of Maturity of policy the policy.
(2) Date of complete withdrawal
Health Management Services:
(3) Date of Death of the Insured, only if policyholder had
Life Insureds of Tata AIA Smart SIP who are eligible for the
chosen Option 1, or
Health Management Services will be eligible to avail Second
(4) Date of end of lock-in-period/revival period, whichever is Opinion / Personal Medical Case Management / Medical
later in case of Discontinuance of Premium within 5 years, Consultation services from service provider(s) affiliated
provided the policy is not revived during the revival period. to/registered with the Tata AIA Life Insurance Co. Ltd. The
(5) Date of end of lock-in-period in case of withdrawal request services are expected to assist the eligible Life Insured to
raised during the first five years for a Single Pay policy. ascertain correct diagnosis of a medical condition and obtain
due care for the Life Insured in case of illness.
(6) A policy will terminate as and when the total fund value
becomes less than or equal to 1% of Single Premium; OR These services are subject to:
as and when the total fund value becomes less than or - the availability of suitable service provider(s);
equal to one Annualised Premium in case of regular/limited
- primary diagnosis (wherever applicable) has been done by
premium policy; except if any of the following conditions
a registered medical practitioner as may be authorized by
is true:
a competent statutory authority
a. Five policy years have not elapsed since the inception
- Health Management Service is available to be utilised
of the contract
throughout the policy term, subject to prevailing eligibility
b. If the policy is in-force premium paying conditions.
The balance fund value shall be payable to the policyholder. - the eligibility of the Life Insured as may be determined by
This situation may result because of the combined impact of Board Approved Underwriting Policy will be reviewed
partial withdrawals at inopportune time and fund performance. periodically and updated on our website. The changes
shall apply without any discrimination to all existing and
new customers of the product. Policyholders can check
their eligibility by visiting our website or contacting the
Call Centre.

37 38
- Whenever the eligibility criteria changes or the service is The loyalty program rewards benefit shall be subject to
withdrawn, the same shall be communicated to all the the below:
policyholders. Prior to effecting any changes, we shall a) The availability of “Loyalty Program Reward” shall be
inform the same to IRDAI subject to the availability of suitable service provider(s).
- The current eligibility is of a minimum total Sum Assured of b) The Loyalty Program reward shall be directly provided by
Rs. 30 lakhs [under base plan and rider/s (if any)]. the service provider(s). The rights and liabilities of the
Note: Policyholder/ Life Insured with respect to the Loyalty
Program, shall be governed by the terms and conditions
- These services are aimed at improving Policyholder applicable to loyalty program.
engagement and reducing exits from the Company’s
c) The Loyalty Program service is being provided by third
in-force book.
party service provider(s) and the Company shall not be
- The cost of these services is expected to be offset by either liable for such services.
lower costs of claims or better economies of scale or d) The liability of the Company is limited to the transfer of the
higher revenue due to better persistency. value of the reward to the service provider, so empaneled.
- These value-added services are completely optional for the e) The Company reserves the right to discontinue the service
eligible customer to avail or change the service provider(s) at any time and such
- For customers availing such services, they are offered at no changes shall be updated on the Company’s website
additional cost to the Life Insured. ([Link]).
- Premiums charged to the policyholder shall not depend on f) The eligibility conditions including the quantum of reward
whether such a service(s) is availed by the Policyholder. shall be determined as per the Company’s extant Policy
and subject to change. Please refer our website
- These services have been transparently stated in the Sales
([Link]) for updated list of eligibility conditions,
Literature and Policy Document with clear guidance on list of empaneled service providers, loyalty programs and
how to verify eligibility etc. the quantum of rewards. Any changes shall be applicable
- The Life Insured may exercise his/her own discretion to prospectively.
avail the services.
Backdating
- These services shall be directly provided by the service
Backdating is not allowed in this plan.
provider(s).
- The services can be availed only where the policy / rider is Policy Loan
in-force. Policy Loan is not allowed in this plan.
- All the supporting medical records should be available to Exclusions
avail the service. In case of death due to suicide within 12 months from the date
- We reserve the right to discontinue the service or change of commencement of the policy or from the date of revival of
the service provider(s) at any time. the policy, as applicable, the nominee or beneficiary of the
policyholder shall be entitled to fund value, as available on the
The services are being provided by third party service date of intimation of death.
provider(s) and we will not be liable for any liability Further, any charges other than Fund Management
Loyalty Program Reward Charges(FMC), recovered subsequent to the date of death
shall be added back to the fund value as available on the date
If you are a member of the loyalty program administered by a of intimation of death.
service provider empaneled by the Company, You shall be
If the Life Assured, whether sane or insane, commits suicide
entitled to the Loyalty Program Reward upon the purchase of
within 12 months from the effective date of increase in Sum
the policy and upon meeting the eligibility criteria. The loyalty Assured, then the amount of increase shall not be considered
programs foster long-term customer relationship and offer in the calculation of the death benefit.
redemption benefits through the service provider’s
eco-systems based on applicable terms and conditions. Such Tax Benefits
reward shall accrue as percentage of the Annualized Premium Income Tax benefits would be available as per the prevailing
or Single Premium (as applicable) and shall be made available tax laws subject to fulfillment of conditions stipulated therein.
by the service provider to you in the form of benefits (points, Income Tax laws are subject to change from time to time. Tata
coins, etc.) in the first policy year by loyalty program service AIA Life Insurance Company Ltd. does not assume
provider. The quantum of reward shall be determined by the responsibility on tax implication mentioned anywhere in this
Company’s extant policy and shall be disclosed in the document. Please consult your own tax consultant to know the
Company’s website from time to time. tax benefits available to you.
39 40
Assignment basis for a period of less than (or equal to) a year, with
Assignment allowed as per provisions of Section 38 of the reinvestment of dividends (if any).
Insurance Act 1938 as amended from time to time. • The Company does not guarantee any assured returns. The
investment income and price may go down as well as up
Nomination depending on several factors influencing the market.
Nomination allowed as per provisions of Section 39 of the • All Premiums, Charges, and interest payable under the policy
Insurance Act 1938 as amended from time to time. are exclusive of applicable taxes, duties, surcharge, cesses or
Prohibition of Rebates - Section 41 - of the Insurance Act, levies which will be entirely borne/ paid by the Policyholder, in
addition to the payment of such Premium, charges or interest.
1938, as amended from time to time Tata AIA Life shall have the right to claim, deduct, adjust and
No person shall allow or offer to allow, either directly or recover the amount of any applicable tax or imposition, levied
indirectly, as an inducement to any person to take out or renew by any statutory or administrative body, from the benefits
or continue an insurance in respect of any kind of risk relating payable under the Policy.
to lives or property in India, any rebate of the whole or part of • Medical Second Opinion/Personal Medical Case Management
the commission payable or any rebate of the premium shown /Medical Consultation is available to eligible and enrolled
on the policy, nor shall any person taking out or renewing or customers of Tata AIA Life Insurance. These are optional
continuing a policy accept any rebate, except such rebate as services offered to you at no additional cost. The eligibility of
may be allowed in accordance with the published the Life Insured to avail these services shall be determined by
prospectuses or tables of the Insurer. the Company from time to time. You may exercise your own
discretion to avail the services and to follow the treatment path
suggested by the service provider. These services shall be
Notes directly provided by the service provider. The services can be
availed only where policy/rider is in force. All the supporting
• For more details on the benefits, premiums and exclusions medical records should be available to avail the service. We
under these riders please refer to the Rider Brochure or reserve the right to discontinue the service or change the
contact our Insurance advisor or visit our nearest service provider at any time. The services are being provided
branch office by third party service provider and Tata AIA Life Insurance
• The Company may alter all the above charges (except Company Ltd will not be liable for any liability.
Mortality) by giving an advance notice of at least three • Some benefits are guaranteed and some benefits are variable
months to the policyholder subject to the prior approval of with returns based on future performance of your insurer
IRDAI and will have prospective effect. carrying on life insurance business. If your policy offers
• The Mortality Charges will be guaranteed for the period of guaranteed benefits then these will be clearly marked
the policy term. “guaranteed” in the illustration table in the brochure. If your
policy offers variable benefits then the illustration in this brochure
DISCLAIMERS will show two different rates of assumed future investment
• THE LINKED INSURANCE PRODUCT DO NOT OFFER ANY returns. These assumed rates of return are not guaranteed and
LIQUIDITY DURING THE FIRST FIVE YEARS OF THE they are not the upper or lower limits of what you might get back
CONTRACT. THE POLICY HOLDER WILL NOT BE ABLE TO as the value of your policy is dependent on a number of factors
SURRENDER/WITHDRAW THE MONIES INVESTED IN including actual future investment performance.
LINKED INSURANCE PRODUCTS COMPLETELY OR • The Premium paid in the Unit Linked Life Insurance Policies are
PARTIALLY TILL THE END OF THE FIFTH YEAR. subject to investment risks associated with capital markets
• Investments are subject to market risks. and the NAVs of the units may go up or down based on the
• Unit Linked Life Insurance products are different from the performance of fund and factors influencing the capital market
traditional insurance products and are subject to the risk and the Insured is responsible for his/her decisions.
factors. Please know the associated risks and the applicable • Buying a life insurance policy is a long-term commitment. An
charges, from your Insurance agent or the Intermediary or early termination of the policy usually involves high costs and
policy document issued by the insurance company. the Surrender Value payable may be less than the total
• The various funds offered under this contract are the names of premiums paid.
the funds and do not in any way indicate the quality of these • The brochure is not a contract of insurance. This brochure
plans, their future prospects and returns. The underlying should be read along with Benefit Illustration. The precise
Fund’s NAV will be affected by interest rates and the terms and conditions of this plan are specified in the policy
performance of the underlying stocks contract available on Tata AIA Life website.
• The performance of the managed portfolios and funds is not • Tata AIA Life Insurance Company Ltd. is only the name of the
guaranteed and the value may increase or decrease in Insurance Company and Tata AIA Smart SIP is only the name
accordance with the future experience of the managed of the Unit Linked Life Insurance Contract and does not in any
portfolios and funds. Past performance is not indicative of way indicate the quality of the contract, its future prospects
future performance. Returns are calculated on an absolute or returns.

41 42
• 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.
• Tata AIA Vitality - A Wellness Program that offers you an upfront
discount at policy inception. You can also earn premium
discount / cover booster (as applicable) for subsequent years on
policy anniversary basis your Vitality Status (tracked on Vitality
app) Please refer rider brochures for additional details on riders
and the health and wellness benefits.
• Vitality is a trademark licensed to Tata AIA Life by Amplify
Health Assets PTE. Limited, a joint venture between Vitality
Group International, INC. and AIA Company Limited.
• Participation by customers shall be on voluntary basis.

BEWARE OF SPURIOUS IRDAI is not involved in activities like selling

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

43 44
ANNEXURE A
For Single Pay
Wealth Secure Option
Entry Age Mat Age 50<Mat. 55<Mat. 60<Mat. 65< Mat. 70< Mat. 75< Mat. 80< Mat.
<=50 Age<=55 Age<=60 Age<=65 Age <= 70 Age <= 75 Age <= 80 Age <= 85
Up to 30 10 7 5 5 1.25 1.25 1.25 1.25
31 – 35 10 7 5 1.25 1.25 1.25 1.25 1.25
36 – 40 7 5 1.25 1.25 1.25 1.25 1.25 1.25
41 – 45 7 5 1.25 1.25 1.25 1.25 1.25 1.25
46 – 50 NA 5 1.25 1.25 1.25 1.25 1.25 1.25
50 + NA NA 1.25 1.25 1.25 1.25 1.25 1.25

Goal Secure Option

Entry Age Mat Age 50<Mat. 55<Mat. 60<Mat. 65< Mat. 70< Mat. 75< Mat. 80< Mat.
<=50 Age<=55 Age<=60 Age<=65 Age <= 70 Age <= 75 Age <= 80 Age <= 85
Up to 30 10 7 5 1.25 1.25 1.25 1.25 1.25
31 – 35 7 5 1.25 1.25 1.25 1.25 1.25 NA
36 – 40 7 5 1.25 1.25 1.25 1.25 1.25 NA
41 – 45 7 5 1.25 1.25 1.25 1.25 NA NA
46 – 50 NA 5 1.25 1.25 1.25 1.25 NA NA
50 + NA NA 1.25 1.25 1.25 NA NA NA

For Limited Pay and Regular Pay

PPT: 5 - 9
Wealth Secure Option
Entry Age Mat Age 50<Mat. 55<Mat. 60<Mat. 65< Mat. 70< Mat. 75< Mat. 80< Mat.
<=50 Age<=55 Age<=60 Age<=65 Age <= 70 Age <= 75 Age <= 80 Age <= 85
Up to 30 30 30 20 15 15 10 10 NA
31 – 35 30 25 20 15 10 10 10 10
36 – 40 30 20 15 15 10 10 10 7
41 – 45 NA 20 15 10 10 10 7 7
46 – 50 NA NA 10 10 10 7 7 7
50 + NA NA NA 10 5 5 5 5

Future Secure Option

Entry Age Mat Age 50<Mat. 55<Mat. 60<Mat. 65< Mat. 70< Mat. 75< Mat. 80< Mat.
<=50 Age<=55 Age<=60 Age<=65 Age <= 70 Age <= 75 Age <= 80 Age <= 85
Up to 30 30 25 15 10 10 7 NA NA
31 – 35 30 20 15 10 7 7 NA NA
36 – 40 25 15 10 10 7 NA NA NA
41 – 45 NA 15 10 7 NA NA NA NA
46 – 50 NA NA 7 NA NA NA NA NA
50 + NA NA NA NA NA NA NA NA

45 46
Goal Secure Option
Entry Age Mat Age 50<Mat. 55<Mat. 60<Mat. 65< Mat. 70< Mat. 75< Mat. 80< Mat.
<=50 Age<=55 Age<=60 Age<=65 Age <= 70 Age <= 75 Age <= 80 Age <= 85
Up to 30 30 25 15 10 10 7 NA NA
31 – 35 30 20 15 10 7 7 NA NA
36 – 40 25 15 10 10 7 NA NA NA
41 – 45 NA 15 10 7 NA NA NA NA
46 – 50 NA NA NA NA NA NA NA NA
50 + NA NA NA NA NA NA NA NA

Family Secure Option

Entry Age Mat Age 50<Mat. 55<Mat. 60<Mat. 65< Mat. 70< Mat. 75< Mat. 80< Mat.
<=50 Age<=55 Age<=60 Age<=65 Age <= 70 Age <= 75 Age <= 80 Age <= 85
Up to 30 20 15 10 7 NA NA NA NA
31 – 35 15 10 7 7 NA NA NA NA
36 – 40 15 10 7 NA NA NA NA NA
41 – 45 NA 10 7 NA NA NA NA NA
46 – 50 NA NA NA NA NA NA NA NA
50 + NA NA NA NA NA NA NA NA

For Limited Pay and Regular Pay

PPT: 10 and above
Wealth Secure Option
Entry Age Mat Age 50<Mat. 55<Mat. 60<Mat. 65< Mat. 70< Mat. 75< Mat. 80< Mat.
<=50 Age<=55 Age<=60 Age<=65 Age <= 70 Age <= 75 Age <= 80 Age <= 85
Up to 30 30 30 30 30 30 30 25 NA
31 – 35 30 30 30 30 30 25 20 20
36 – 40 30 30 30 30 25 20 20 15
41 – 45 NA 30 25 25 20 20 15 15
46 – 50 NA NA 20 20 15 15 15 15
50 + NA NA NA 15 15 15 10 10

Future Secure Option

Entry Age Mat Age 50<Mat. 55<Mat. 60<Mat. 65< Mat. 70< Mat. 75< Mat. 80< Mat.
<=50 Age<=55 Age<=60 Age<=65 Age <= 70 Age <= 75 Age <= 80 Age <= 85
Up to 30 30 30 30 30 20 15 10 NA
31 – 35 30 30 30 25 20 15 10 NA
36 – 40 30 30 25 20 15 10 NA NA
41 – 45 NA 25 20 15 10 10 NA NA
46 – 50 NA NA 10 10 10 NA NA NA
50 + NA NA NA 5 NA NA NA NA

47 48
Goal Secure Option
Entry Age Mat Age 50<Mat. 55<Mat. 60<Mat. 65< Mat. 70< Mat. 75< Mat. 80< Mat.
<=50 Age<=55 Age<=60 Age<=65 Age <= 70 Age <= 75 Age <= 80 Age <= 85
Up to 30 30 30 30 30 20 15 10 NA
31 – 35 30 30 30 25 20 15 10 7
36 – 40 30 30 25 20 15 10 10 7
41 – 45 NA 25 20 15 10 10 7 NA
46 – 50 NA NA 15 10 10 7 7 NA
50 + NA NA NA 10 5 5 5 NA

Family Secure Option

Entry Age Mat Age 50<Mat. 55<Mat. 60<Mat. 65< Mat. 70< Mat. 75< Mat. 80< Mat.
<=50 Age<=55 Age<=60 Age<=65 Age <= 70 Age <= 75 Age <= 80 Age <= 85
Up to 30 30 30 20 15 10 10 7 NA
31 – 35 30 25 20 15 10 7 7 NA
36 – 40 30 20 15 10 7 7 NA NA
41 – 45 NA 15 10 10 7 NA NA NA
46 – 50 NA NA 7 7 NA NA NA NA
50 + NA NA NA 5 NA NA NA NA

Please note here Mat Age represents” Maturity Age”.

49 50