Tata AIA Life Insurance Smart Value Income Plan

Tata AIA Life Insurance Smart Value Income Plan
(Individual, Non-Linked, Participating, Life Insurance Savings Plan)

Features:

  • Cash Bonus1:
    i. Option to receive Cash Bonus (If declared) from the 1st Month of the policy
    ii. Option to receive cash Bonus (if declared) in sub wallet, earn loyalty addition and withdraw at convenience
  • Optional Riders2 available to enhance security
  • Flexibility to choose Premium Payment Term and Policy Term
  • Life Protect feature - Continue life cover in case of loss of employment/income
  • Tax Benefits applicable as per Income Tax laws*

Product Disclaimer:

  • 1Provides a Cash Bonus or Accumulated cash bonuses, if declared and along with Guaranteed Maturity Benefit. 2 Riders are not mandatory and are available for a nominal extra cost. For more details on the benefits, premiums and exclusions under the rider please refer to the Rider Brochure or contact our Insurance Advisor /Intermediary or visit our nearest branch office. If your policy offers guaranteed benefits, then these will be clearly marked “guaranteed’ in the illustration table. If your policy offers variable benefits, then the illustrations will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and these are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance. This product is underwritten by Tata AIA Life Insurance Company Ltd. Insurance cover is available under this product. This plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Policy Document/Product brochure should be read along with benefits Illustration for further details. Risk cover commences along with policy commencement for all lives, including minor lives. 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. In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines. *Tax benefits would be available as per the tax laws, subject to fulfilment of conditions stipulated therein. Income tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Tata AIA Life shall have the right to claim, deduct, adjust and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. (UIN: 110N162V01)

Disclaimer:

  • City Union Bank is Registered with Insurance Regulatory and Development Authority of India bearing Registration Number CA0023 is the corporate agent of Tata AIA Life Insurance Company Limited and does not underwrite the risk or act as an insurer. Registered Address: 149, TSR Big Street , Kumbakonam 612001 . Participation by the clients of City Union Bank in the insurance product is purely on voluntary basis. The Contract of Insurance is between TATA AIA Life Insurance and the insured and not between City Union Bank and the insured.

  • 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@tataaia.com. Visit us at: www.tataaia.com.

  • BEWARE OF SPURIOUS PHONE CALLS & FICTITIOUS / FRAUDULENT OFFERS

  • IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.


L&C: L&C/Advt/2023/Feb/0326

Last Updated on: 01-02-2023 11:56:47 AM

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