About Tata AIA Life

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

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

CIN: U66010MH2000PLC128403. Registered & Corporate Office:
14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg,
Lower Parel, Mumbai - 400013. Trade logo displayed above belongs to
Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance
Company Ltd under a license. For any information including cancellation,
claims and complaints, please contact our Insurance Advisor / Intermediary
or visit Tata AIA Life’s nearest branch office or call 1-860-266-9966
(local charges apply) or write to us at [email protected].
Visit us at: www.tataaia.com.
Unique Reference Number: L&C/Advt/2024/Sep/2805 • UIN: 110N126V06
Tata AIA Life Insurance Smart Income Plus o Gets Guaranteed Maturity Benefit which include
Guaranteed Maturity Payout and Milestone Benefit along
A Non-Linked, Non-Participating, Individual Life Insurance Savings Plan with last Guaranteed Payout and Income Booster
We, at Tata AIA Life, believe in protecting your dreams at various Scenario 1: Aditya gets guaranteed benefits commencing
stages of life without compromising on your basic needs from the end of 12th Policy year as mentioned below:
through financial resources. You do not have to think twice to
End of Guaranteed
live your dreams as they now come with guaranteed payouts. Guaranteed Income Milestone
Policy Maturity
We present to you, Tata AIA Life Insurance Smart Income Plus, Payouts Booster Benefit
Year Payout
that meets tomorrow's requirements along with protecting your
loved ones and dreams as it ensures you of guaranteed returns 12 71,500 71,500 - -
for the money invested. 13 71,500 71,500 - -
Investment in this plan helps you fulfill your medium to long term 14 71,500 71,500 - -
goals such as Child’s Education/ Marriage / Business Start-up 15 71,500 71,500 - -
and Retirement planning. 16 71,500 71,500 - -
Key Benefits 17 71,500 71,500 - -
18 71,500 71,500 - -
• Flexibility to choose between two plan options - Regular
Income or Endowment 19 71,500 71,500 - -
• Under Regular Income Option: 20 71,500 71,500 - -
o Receive Guaranteed income along with Maturity 21 71,500 71,500 1,72,200 1,72,200
Benefit Total
7,15,000 7,15,000 1,72,200 1,72,200
o Option to choose income start year and number of Benefit
years you want to receive income for Total Guaranteed Benefit (Guaranteed Payouts +
• Under Endowment option: Income Booster + Milestone Benefit 17,74,400
+ Guaranteed Maturity Payout)
o Receive two guaranteed payouts - in the year
preceding maturity and on maturity Total Premium Paid 10,00,000
• Preferential benefit for female lives *Premiums are excluding applicable taxes, cesses and levies
• Life cover throughout policy term Scenario 2: In case of unfortunate demise of Aditya in the 3rd
• Enhance your protection with optional Riders Policy year, a lump sum Death Benefit is paid:
• Receive tax benefits u/s 80C and 10(10D), as per the
applicable Income Tax laws Death Benefits Benefit Amount (R)
Sum Assured on Death 11,00,000/-
How Does the Plan Work?
Aditya, aged 35 years is a software engineer who has recently Opts for Option II – Endowment
joined an MNC. He is planning to buy a limited pay guaranteed • Pays an Annualised Premium of Rs. 1,00,000* p.a.
insurance plan; besides this, he also wants guaranteed income Scenario 1: Aditya gets guaranteed benefits in the last two
every year with tax benefits. To fulfill these needs, he opts for Policy years as mentioned below:
Option 1 - Regular Income option under Tata AIA Life Insurance Large Premium Boost
Smart Income Plus for a Policy Term of 21 years and Premium
Payment Term of 10 years. He makes the following selections: Guaranteed Maturity Payout
Age 35 Years
• Chooses to start receiving income from 12th year onwards Large Premium Boost
• Pays an Annualised Premium of R 1,00,000* p.a. Guaranteed Payout
Example Large Premium Boost Premium Payment Term
0 - 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9-10-11-12-13-14-15-16-17-18-19-20-21
Age 35 Years Guaranteed Maturity Payout Years
o Receives Guaranteed Payout (Milestone Benefit) at the end
of 20th Policy year
Premium Payment Term Guaranteed Payouts o Gets Guaranteed Maturity Payout at the end of 21st
0 - 1 - 2 - 3 - 4 - 5 - 6 - 7 - 8 - 9-10-11-12-13-14-15-16-17-18-19-20-21 Policy year
Years
o He receives Guaranteed Annual Payouts which includes
Guaranteed payout and Income booster for 10 years
commencing from the end of 12th Policy year
1 2
 End of Key benefits in details
Benefit
Policy Benefits Survival Benefits:
Amount (R)
Year
Option I: Regular Income
20 Guaranteed Payout (Milestone benefit) 11,46,480
21 Guaranteed Maturity Payout 11,46,480 Guaranteed Payouts (GP)
Total Benefit 22,92,960 Provided the Policy is in-force and all due premiums have been
Total Premium Paid 10,00,000 paid, Guaranteed Payouts (GP) along with Income Booster,
determined as a percentage of the Annualised Premium (AP)
Scenario 2: In case of unfortunate demise of Aditya in the 3rd shall be payable annually. This Income shall be payable during
Policy year, a lump sum Death Benefit is paid: the income period which shall commence from the end of
Policy year as per the chosen income start year and shall be
Death Benefits Benefits Amount (R)
payable till Maturity.
Sum Assured on Death 11,00,000
The GP factors and the Income Booster shall vary by the
*Premiums are excluding applicable taxes, cesses and levies.
chosen premium paying term, income start year and policy
Premium will vary depending upon the option chosen.
term and are independent of age and gender. In addition, the
Eligibility Criteria at a Glance Income Booster shall also vary by Number of premiums paid (in
complete year). The GP factors and the Income Boosters are
Option I: Regular Income provided in the Policy Bond.
Plan Options Option II: Endowment
The options are to be chosen at the Option II: Endowment
inception of the Policy Provided the Policy is in-force and all due premiums have been
Plan Parameters Minimum Maximum paid, a Milestone Benefit determined as a multiple of the
Age at Entry (years)** Annualised Premium will be paid at the end of Policy year
0 (30 days) 65
preceding the year of Maturity.
Age at Maturity (years)** 18 85 The Milestone Benefit factors vary by the chosen premium
Option I: 51 payment term, policy term, age, number of Premiums Paid (in
Option I: PPT + 6
Option II: completed years) and gender and a table of all GP factors is
Policy Term (PT) (years) Option II: Limited/
Regular Pay – 30 provided in the policy bond.
Regular Pay - 10
Limited Pay:
PPT<10 - 30 Maturity Benefit:
PPT>=10 - 35 Option I: Regular Income
Option I: 5 Option I: 15 Provided the Policy is in-force and all due premiums have been
Premium Payment Option II: Option II: paid, an amount equal to the Guaranteed Maturity Payout
Term (PPT) (years) Regular Pay - 10 Regular Pay – 30 (GMP) plus Milestone Benefit will be paid as a lump sum at
Limited pay - 5 Limited Pay – 30 Maturity. The last instalment of GP and Income Booster will be
Income Start Year paid along with the above mentioned GMP. The GMP will be
(applicable for PPT + 2 PPT + 6 equal to GMP factor multiplied by Annualised Premium. The
Option I only)
GMP factors will vary as per the age at entry, gender, income
Subject to policy
start year, policy term and premium payment term selected.
Income Period (years) 5 term and income
start year chosen The Milestone Benefit factors vary by the chosen premium
Basic Sum Assured 11 times Annualised Premium paying term, policy term, age, number of Premiums Paid (in
completed years) and gender are provided in the policy bond.
For Option I: 18,000 No Limit subject to
Premium (R)
(Premium For Option II: 36,000 Board approved Option II: Endowment
in multiples of 1000) underwriting policy Provided the Policy is in-force and all due premiums have been
Premium Annual/ Half-yearly / Quarterly/ Monthly paid, the Minimum Guaranteed Sum Assured on Maturity
Payment Mode
which is equal to the Guaranteed Maturity Payout (GMP) will be
**All reference to age is as on last birthday.
paid at Maturity.
The GMP factors vary by the chosen premium paying term,
policy term, age and gender are provided in policy document.

3 4
Large Premium Boost: “Income Booster” refers to an additional Income Benefit
An additional benefit will be payable on payment of higher payout to reward persisting policyholders over and above
premium. The Large Premium Boost will be applicable as Guaranteed Payout payable during the income period. The
mentioned in the table below and payable along with GMP Income Booster shall be defined as a % of Annualized
or GP. Premium (excluding discount) and will be based upon the
number of premiums paid (in completed years).
Option I: Regular Income
“Milestone Benefit” is an additional Lumpsum benefit payout
Large Premium Boost
Annualised Premium to reward persisting policyholders over and above the
(as a % of GMP#)
Guaranteed Maturity Payout payable at the end of the Policy
18,000 to 49,999 0%
Term for Regular Income Option. For Endowment option this
50,000 to 99,999 5%
benefit shall be payable at the end of policy year preceding to
100,000 to 1,99,999 20% Maturity. The Milestone benefit shall be defined as a % of
2,00,000 and above 30% Annualized Premiums (excluding discounts and excluding
loading for modal premiums) and will be dependent upon the
Option II: Endowment
number of premiums paid (in completed years).
Large Premium Boost
Annualised Premium Applicable taxes, cesses and levies shall be collected
(as a % of GP#)
36,000 to 74,999 0%
separately over and above the Policy premiums.
75,000 to 99,999 1% Absolute amount assured to be paid on death is the Basic Sum
1,00,000 to 1,99,999 2% Assured.
2,00,000 and above 3% The Policy will terminate upon the death of the Insured and no
other benefit under the Policy shall be payable.
#
The Large Premium Boost is applicable to GMP only under Option I, and Note: If a claim is payable under this Policy, any amount of unpaid due
applicable to GMP & GP both under Option II. premium/s will be deducted from the amount of death benefit payable to the
Nominee/Legal heir.
Death Benefit:
For Option I & Option II: Additional Benefits and Features
On death of the Life Assured during the policy term, provided Flexible premium payment modes:
the policy is in-force as on the date of death; Sum Assured on
Death shall be payable irrespective of the Survival Benefits You have an option to pay the premiums either Annually,
already paid. Half-yearly, Quarterly and Monthly modes.
“Sum Assured on death” shall be the highest of the following: Loading on premiums will be applicable as mentioned in the
table below:
• 11 times Annualised Premium
Mode Annual Half - Yearly Quarterly Monthly
• 105% of the Total Premiums Paid up to the date of death
Modal Loading 0% 2% 4% 6%
• Minimum Guaranteed Sum Assured on Maturity plus
applicable final Income Booster and applicable Milestone Flexibility of Additional Coverage:
Benefit payable at the end of Policy Term You have further flexibility to enhance your cover product by
• Absolute amount assured to be paid on death adding the following optional riders by paying additional rider
Where, premium over and above your base policy premium.
“Minimum Guaranteed Sum Assured on Maturity” refers to 1. Tata AIA Life Insurance Non-Linked Comprehensive
the absolute amount of benefit which is guaranteed to become Protection Rider (UIN:110B033V02 or any other later
payable on maturity of the policy. Minimum Guaranteed Sum version)
Assured on Maturity is equal to 'Guaranteed Maturity Payout 2. Tata AIA Life Insurance Non-Linked Comprehensive Health
(GMP)' for Option II and 'Guaranteed Maturity Payout (GMP)' Rider (UIN: 110B031V02 or any other later version)
plus final Guaranteed Payout (GP) in case of Option I. 3. Tata AIA Vitality Protect (UIN: 110B046V01 or any other
“Annualised premium” shall be the premium amount payable later version)
in a year, excluding taxes, rider premiums, underwriting extra 4. Tata AIA Vitality Health (UIN: 110B045V01 or any other
premiums and loadings for modal premiums.
later version)
"Total Premiums paid" means total of all the premiums paid
5. TATA AIA Benefit Protection Rider (UIN: 110B049V02 or
under the base product, excluding any extra premium and
any other later version)
taxes, if collected explicitly.
5 6
These riders can be attached effective policy inception or any ii. Special Surrender Value (SSV)
policy anniversary of the base plan subject to the rider premium Special Surrender Value (SSV) is determined by the
payment term and the policy term shall not be more than the company from time-to-time basis changing economic
outstanding premium payment term and outstanding policy scenario. The Company may revise SSV based on then
term for the base plan. prevailing market conditions. Any change in the
If there is overlap in benefit offered under different riders with methodology/formula for calculating SSV shall be subject
the base product, then that benefit under the rider will not to IRDAI approval.
be offered. The company has the right to review the basis for calculating
• Riders are not mandatory and are available for a nominal these factors from time to time based on the experience and
extra cost. will be subject to prior approval of IRDA of India.
• For more details on the benefits, premiums and exclusions For Guaranteed Surrender Value Factors and Special
under the riders please refer to the Rider Brochure or Surrender Value Factors, please refer to the policy contract.
contact our Insurance Advisor / Intermediary or visit our • Reduced Paid-Up
nearest branch office.
The Policy will be converted into a Reduced Paid-Up Policy
Grace Period: by default on discontinuance of payment of premium after
If you are unable to pay your Premium on time, starting from the first policy year, provided one full premium is paid and
the premium pay-to-date, a Grace Period of 15 days for subsequent premiums remain unpaid.
monthly mode and 30 days for all other modes will be offered. In case of Reduced Paid-up policies, the beneFIt shall be
During this period your Policy is considered to be in-force with payable as under:
the risk cover as per the terms & conditions of the Policy. If any i. RPU Death Benefit for both Option I & Option II:
premium remains unpaid at the end of its Grace Period, the On death of the life assured during the policy term,
Policy shall lapse and have no further value except as may be Sum Assured on death x (Number of premiums
provided under the Non-Forfeiture Provisions. If any claim paisd)/(Number of premiums payable, during the entire
occurs during the Grace Period, any due premiums (without policy term)
interest) of the Policy, which are not paid as on date of death,
This total amount will be a minimum of 105% of the Total
will be deducted from the death claim payout.
Premiums paid up to the date of death.
Non forfeiture provisions: ii. RPU Survival Benefit :
• Lapse The reduced Survival Benenfits shall continue to be
On discontinuance of payment of premium during the first policy payable as mentioned below:
year, the policy will lapse and no further benefits shall be paid. Option I:
The policy can be revived within the period of 5 years from the Guaranteed Payouts x (Number of Premiums Paid/
due date of first unpaid premium by payment of all due Number of Premiums Payable during the entire
premiums together with interest as detailed below in revival Policy term).
section. Upon revival of the policy, all benefits shall be restored The reduced Guaranteed Payouts shall commence
and be applicable with effect from the date of revival. The policy from the end of the income start year chosen at
will be terminated at the end of revival period if not revived. inception and shall be payable till Maturity as per the
• Surrender Benefit (For both Option I & Option II): applicable Guaranteed Payout factors
The Policy can be surrendered any time during the term of In addition, applicable Income Booster shall be payable
the Policy on completion of one policy year, provided at during the Income Period.
least one full year’s Premium has been paid Option II:
The Surrender Value payable is higher of Guaranteed Guaranteed Payout x (Number of Premiums Paid/
Surrender Value or Special Surrender Value. Number of Premiums Payable during the entire
i. Guaranteed Surrender Value (GSV) Policy term).
Guaranteed Surrender Value = [All the Premiums Paid The reduced Guaranteed Payout will be paid at the end
(excluding the underwriting extra premiums and modal of Policy year proceeding the year of Maturity, as per
loading) x GSV factor)] - Survival Benefit paid, if any the applicable Guaranteed Payout factors
In addition, applicable Milestone Benefit shall be
payable at penultimate year to the policy term.

7 8
iii. Maturity Benefit: Terms and Conditions
Option I: 1. Free Look Period
Guaranteed Maturity Payout x (Number of Premiums Paid/ If you are not satisfied with the terms & conditions/features of
Number of Premiums Payable during the entire Policy term) the Policy, you have the right to return the Policy for
The reduced Guaranteed Maturity Payout will be paid as a cancellation by providing a written notice to the Company
lump sum at Maturity. The last instalment of reduced stating objections/reasons and receive the refund of all
Guaranteed Payout will be paid along with the above premiums paid without interest after deducting (a)
mentioned Maturity Benefit as per applicable GMP factors proportionate risk premium for the period on cover and (b)
In addition, applicable Milestone Benefit shall be payable stamp duty and medical examination cost (including applicable
at maturity. taxes, cesses and levies) which have been incurred for issuing
the Policy. Such notice must be signed by you and received
Option II:
directly by the Company within 30 days from the date of receipt
Guaranteed Maturity Payout x (Number of Premiums Paid/ of the Policy document, whether the policy is sourced
Number of Premiums Payable during the entire policy term) electronically or otherwise.
The reduced Guaranteed Maturity Payout will be paid 2. Change in Basic Sum Assured
at Maturity.
Any change in the Basic Sum Assured is not allowed post
However, from the due date of First Unpaid Premium, but inception of the policy.
not later than five (5) from the due date of First Unpaid
Premium; the policy can be revived by payment of full 3. Policy Loan
arrears of premiums together with interest. Policy Loan is available in Tata AIA Life Insurance Smart
• Revival Income Plus provided that the Policy acquires Surrender Value,
you may apply for a Policy Loan for such an amount within the
If a premium is in default beyond the Grace Period and extent of 65% of Surrender Value.
subject to the Policy not having been surrendered, it may
be reinstated/revived, within five years after the due date of The interest rate on loans are verified & updated on our
first unpaid premium and before the date of maturity, company's systems every six months (on 1st April & 1st Oct
subject to: (i) Policyholder’s written application for every year) as per the given formula. The current rate of interest
reinstatement/revival; (ii) production of Insured’s current for Loan from 1st April 2024 is 8.98% (i.e. SBI interest rate of
health certificate and other evidence of insurability, 6.98%+ 2%) compounding annually.
satisfactory to the Company; and (iii) payment of all 4. Auto Vesting
overdue premiums with interest.
Where the policy is issued on the life of a minor, the policy shall
The evidences and any medical requirements called for are automatically vest in the life insured on his/her attaining age of
in line with the prevailing underwriting guidelines duly majority. On vesting, the Company shall recognize the life
approved by the Board & the health declaration by the life insured to be the holder of the policy.
insured(s).
5. Exclusion
Any reinstatement/revival shall only cover loss or insured
In case of death due to suicide by the Life Assured, whether
event which occurs after the reinstatement/revival date.
sane or insane, within 12 months from the date of
Any evidence of insurability requested at the time of commencement of risk under the policy or from the date of
reinstatement/revival will be based on the prevailing revival of the policy, as applicable, the nominee or beneficiary of
underwriting guidelines duly approved by the Board. The the Policyholder shall be entitled to at least 80% of the total
reinstatement/revival will be based on the Board approved premiums paid till the date of death or the surrender value
underwriting policy. available as on the date of death whichever is higher, provided
The applicable interest rate for revival is determined using the policy is in force. The policy shall terminate and no further
the SBI domestic term deposit rate for ‘1 year to less than benefits shall be payable.
2 years’, plus 2%. The rate of interest on revival with effect 6. Tax Benefits
from 1st April 2024 is 8.98% simple p.a. (i.e. SBI interest
rate of 6.98% + 2%) plus applicable taxes. The interest rate Premiums paid under this plan are eligible for tax benefits
under Section 80C of the Income Tax Act, 1961 and are
applicable is reviewed every 6 months and gets updated as
subject to modifications made thereto from time to time.
per the given formula. Any alteration in the formula will be
Moreover, life insurance proceeds enjoy tax benefits as per
subject to prior approval of IRDA of India.
Section 10(10D) of the said Act.

9 10
Income Tax benefits would be available as per the prevailing • Insurance cover is available under this product.
income tax laws, subject to fulfillment of conditions stipulated • In case of non-standard lives and on submission of
therein. Tata AIA Life Insurance Company Ltd. does not non-standard age proof, extra premiums will be charged as
assume responsibility on tax implication mentioned anywhere per our underwriting guidelines.
in this document. Please consult your own tax consultant to
know the tax benefits available to you
7. Assignment
Assignment allowed as per Section 38 of the Insurance Act
1938 as amended from time to time.
8. Nomination
Nomination allowed as per provisions of Section 39 of the
Insurance Act 1938 as amended from time to time.
9. Advance Premium
Collection of advance premium shall be allowed, only if the
premium is collected within the same Financial Year. However,
where the premium due in one financial year is being collected
in advance in earlier financial year, the Company may collect the
same for a maximum period of three months in advance of the
due date of the premium. The premium so collected in advance
shall only be adjusted on the due date of the premium.
Prohibition of Rebates - Section 41 - of the Insurance Act,
1938, as amended from time to time
No person shall allow or offer to allow, either directly or
indirectly, as an inducement to any person to take out or renew
or continue an insurance in respect of any kind of risk relating
to lives or property in India, any rebate of the whole or part of
the commission payable or any rebate of the premium shown
on the Policy, nor shall any person taking out or renewing or
continuing a Policy accept any rebate, except such rebate as
may be allowed in accordance with the published
prospectuses or tables of the Insurer.
Disclaimer:
• The brochure is not a Contract of Insurance. The precise
terms and conditions of this plan are specified in the Policy
contract available on Tata AIA Life website.
• Buying a Life Insurance Policy is a long-term commitment.
An early termination of the Policy usually involves high
costs and the Surrender Value payable may be less than
the all the Premiums Paid.
• This plan is also available for sale through online mode.
• This product brochure should be read along with Benefit
Illustration.
• This product is underwritten by Tata AIA Life Insurance
Company Ltd. This plan is not a guaranteed issuance plan
and it will be subject to Company’s underwriting and BEWARE OF SPURIOUS IRDAI or its officials do not involve in activities
PHONE CALLS AND like selling insurance policies, announcing
acceptance. bonus or investment of premiums. Public
FICTITIOUS/
receiving such phone calls are requested to
FRAUDULENT OFFERS lodge a police complaint.

11 12