Tata Aia Life Insurance Savings Plans

Tata AIA offers a unique range of insurance saving plans which are designed specially to allow you to plan your savings in order to fund various expenses like purchasing a house, a car, paying for your child’s education or marriage, your own retirement and any other financial needs which arise during life.

Benefits of Tata AIA Life Insurance Savings Plans

• When you invest in a savings plan offered by Tata AIA, you are entitled to tax benefits under the prevailing and relevant tax laws.
• With several plans, you have the option of paying premiums for a limited term during the policy period while enjoying live insurance cover for a significantly longer period.  
• Several plans also include the option where you receive guaranteed additional benefits, bonuses or returns which can help you build your savings corpus.
• Tata AIA also offers a wide range of add-on riders which can be attached to the base policy to enhance its coverage. Riders are available for purchase at a nominal premium that is over and above the base policy premium.
• Certain savings plans also offer the loan facility to policyholders.
• Several savings plans offered by Tata AIA allow customers to choose the policy term in accordance with their financial goals, long or short term.

List of Savings Plans Provided by Tata AIA Life Insurance

Following is the list of savings plans offered by Tata AIA Life Insurance.

1. Tata AIA Life Insurance Gold Income Plan

This is a limited pay income plan which provides guaranteed returns* to not only let you secure the future of your loved ones but also lets you empowers you financially to meet future requirements. With this plan, you get a Guaranteed Lump Sum benefit on policy maturity along with Guaranteed Income* that goes up each year during the income term specified under the plan.

Features & Benefits of Tata AIA Life Insurance Gold Income Plan

• Choose to pay premiums for 5 or 12 years to get coverage for 12 to 15 years.
• Choice of Guaranteed Income period from 10 to 15 years.
• This policy provides you with a Guaranteed Maturity Benefit when the policy matures.
• Get Guaranteed Income which is calculated at the rate of 12% of the Basic Sum Assured.
• Income Boosters allow you to receive 5% to 10% on Guaranteed Income.
• If you have opted for a higher annual premium amount, you will receive a higher Guaranteed Income.
• This plan comes with various add-on riders which can be attached to enhance the plan protection at a nominal cost.
• Under this plan, you are entitled to attractive tax benefits under the provisions of Section 80C and 10(10D) of the Income Tax Act.

2. Tata AIA Life Insurance Smart Income Plus

Smart Income Plus by Tata AIA Life Insurance is a non-linked, non-participating, endowment assurance, limited pay income plan which will help you look after your medium and long-term financial goals by providing Guaranteed Returns. Live confidently with the assurance that your loved ones are protected and you are empowered to meet all financial requirements which may arise later in life.

Features & Benefits of Tata AIA Life Insurance Smart Income Plus

• With this plan, you get to choose between the Regular Income option or Endowment option as per your requirement.
• This plan provides Guaranteed Pay-outs which are 120% to 160% of the Annualised Premium.
• Under this plan, you are entitled to attractive tax benefits under the provisions of Section 80C and 10(10D) of the Income Tax Act.
• Get higher life cover for 15, 21 or 25 years by paying premiums only for 7, 10 or 12 years.
• Get enhanced protection on your base plan with the help of additional riders at a nominal price.
• Female applicant are eligible for higher benefits.

3. Tata AIA Life Insurance Monthly Insurance Plan

To help you fund not only your dreams but also your needs, Tata AIA presents the Monthly Insurance Plan. This is a non-linked, participating endowment plan which will enable you to make monthly savings over a specified period of time so that you can create a corpus for any future financial requirement. In addition to providing life cover and associated benefits, it also offers Guaranteed Yearly Additions and Bonuses which can to further help build your savings.

Features & Benefits of Tata AIA Life Insurance Monthly Insurance Plan

• Monthly savings allow you to create a pool for any future financial goals.
• This plan also offers Guaranteed Yearly Additions which are added at the start of every policy term.
• You can further add to your savings with the help of Compounded Reversionary Bonus and Terminal Bonus offered under the plan.
• On policy maturity, you are entitled to a lump sum benefit.
• This plan provides life cover which is a minimum of 10x of the annualized premium for the complete tenure of the policy.
• This plan also offers a loan facility to allow you to meet sudden financial requirements.
• Under this plan, you are entitled to tax benefits not only on the premiums invested but also the benefits provided by the plan under applicable tax laws.
• Avail add-on riders to enhance the protection of the plan.

4. Tata AIA Life Insurance Secure 7

The Tata AIA Life Insurance Secure 7 is a limited premium paying, non-linked, non-participating endowment assurance plan which not only protects your future but also enables you to prepare financially for future requirements. This plan provides a Guaranteed Annual Income which is shielded against inflation. On plan maturity, 25% of the sum assured is payable.

Features & Benefits of Tata AIA Life Insurance Secure 7

• Under this plan, make payments for only 7 years to be entitled to a Guaranteed Annual Income* for the coming 7 years.
• During the policy term, you are shielded from a wide range of life uncertainties.
• The Guaranteed Annual Income provided under this plan is protected from against inflation.
• You are eligible for tax benefits under provision of Section 80C and 10 (10D) of the Income Tax Act.
• Enhance the plan protection with the help of add-on riders that can be attached at a nominal cost.
• You are entitled to 25% of the basic sum assured when the policy attains maturity.

5. Tata AIA Life Insurance MahaLife Supreme

Tata AIA Life Insurance presents the MahaLife Supreme, a non-linked, non-participating, limited premium paying endowment assurance plan provides for not only ours but also your family’s changing financial needs. This plan offers multiple benefits such as life cover, limited period premium payment, Guaranteed Annual Income, addition riders and tax benefits.

Features & Benefits of Tata AIA Life Insurance MahaLife Supreme

• This is a limited premium payment plan which provides cover for a longer period of time.  
• Choose from 2 Death Benefit options based on the premium payment term and the policy term that you choose.
• This plan provides you with a regular Guaranteed Annual Income which can serve as an invaluable source of funds.  
• Once the plan matures, you are entitled to a lump sum amount which is calculated at a specified percentage of the Basic Sum Assured, in addition to the Guaranteed Annual Income.
• You can also avail the Accidental Death & Dismemberment Rider to enhance the plan coverage.
• Avail tax benefits as per applicable tax laws when you invest in this plan.

6. Tata AIA Life Insurance Fortune Guarantee

During life, one wishes to fulfil all the desires and needs of their family while also preparing to for uncertainty. The Tata AIA Life Fortune Guarantee plan has been specially designed to offer the benefits of life cover and savings in a single product. This is non-linked, non-participating, limited premium paying endowment assurance plan offers multiple benefits like Guaranteed Maturity Benefit, limited premium payment term, add-on riders and tax benefits.

Features & Benefits of Tata AIA Life Insurance Fortune Guarantee

• This plan offers Guaranteed Maturity Benefit* which ranges between 138% to 159% of the Total Premiums Paid.
• This simple policy is accompanied with a limited premium payment term of 5 year with a policy term of 10 years.
• Under this plan, the Basic Sum Assured provide is 10x of the Annualised Premium.
• Women applicants are eligible to receive higher benefits under this plan.
• Enhance the plan protection with the help of add-on riders that are available at a nominal cost.
• This plan is accompanied by tax benefits under Section 80C & 10(10D) of the Income Tax Act.

7. Tata AIA Life Insurance Insta Wealth Plan

The Insta Wealth Plan by Tata AIA Life Insurance is a simple non-linked endowment assurance plan that is not only easy to understand but also purchase. This plan provides you with life cover without you having to undergo multiple medical checks. In addition to providing live cover and associated benefits, this plan also allows you to maximize your savings with the help of Guaranteed Additions and Bonuses.  

Features & Benefits of Tata AIA Life Insurance Insta Wealth Plan

• The most important benefit of this plan is that is hassle free to understand and purchase.
• You don’t have to undergo any complicated medical tests in order to avail this plan.
• Under this plan, you can pay premiums for specified period and get life cover for the complete policy term.
• After the end of the premium payment term, you get Guaranteed Additions for every following year.
• To further build your savings, this plan also offers Compound Bonus and Terminal Bonus.
• Under this plan, you get guaranteed life cover up to Rs.10 lakhs.
• Premium payable under this plan are eligible for tax benefits as per Section 80C & 10(10D) of the Income Tax Act.

8. Tata AIA Life Insurance Money Back Plus

Tata AIA Life Insurance brings to you the Money Back Plus which is a participating, non-linked money back insurance plan. This plan has been designed to not only provide life cover against unpredictable situations but also enable you to take care of your financial needs with the help of guaranteed cash inflow. With this plan, you get the freedom to choose between a multiple term options as per your financial requirements, along with premium payment for only half of the policy term. You also get to maximize your savings with the help of Compound Reversionary Bonuses which are provided during the term.

Features & Benefits of Tata AIA Life Insurance Money Back Plus

• If the life assured survives the policy term, they will receive Survival payout which is up to 130% of the Sum Assured. This payout will be provided at pre-set intervals during the policy term.
• The plan provides life cover to the insured whether or not the survival payout has already been given or not.
• The built-in Accidental Death option will provide additional protection if the life assured passes away following an accident.
• This is a limited premium payment plan where premiums need to be paid only for half of the policy term.
• Maximize your savings with the help of Compound Reversionary Bonus and Terminal Bonus provided during the term.
• The life insured is also entitled to a Maturity addition, paid in lump sum, to allow them to meet future needs.
• This plan is accompanied with tax benefits as per applicable tax laws.

9. Tata AIA Life Insurance Smart 7

The Smart 7 by Tata AIA is a limited premium paying non-linked, participating endowment assurance plan which has been designed to help simplify not only your investments but also future planning. With benefits like short premium payment terms and maturity lump sum benefit, you can fulfil your investment and saving requirements with greater ease.

Features & Benefits of Tata AIA Life Insurance Smart 7

• With a limited premium payment term of 7 years, you get to enjoy coverage benefits for another 5 years.
• With compounding Annual Bonus, watch your saving corpus grow over a period of 12 years.
• When the plan matures, you are entitled to a lump sum amount.
• You get to enjoy life insurance cover for a term of 12 years.
• The Additional Bonus that you get on maturity will help you add to your saving corpus.
• This plan is accompanied with tax benefits made available under Section 80C and 10 (10D) of the Income Tax Act.

10. Tata AIA Life Insurance Smart Growth Plus

The Smart Growth Plus from Tata AIA Life is a non-linked, with profit, endowment assurance plan which has been created with the objective of enabling you to meet your various goals related to savings, creating a retirement corpus and also protect your loved ones against uncertainties such as accidental death. Secure your family’s future and also fulfil savings related goals that you have set for yourself with this plan which allows you the freedom to pick from a number of policy terms as per your medium or long term needs. The Smart Growth Plus also helps you grow your investment with the help of guaranteed additions and accumulated bonuses.

Features & Benefits of Tata AIA Life Insurance Smart Growth Plus

• During the first 5 policy years, you get to aid your savings goals with Guaranteed Additions which are provided at the rate of 5.5% per annum of sum assured.
• You get to choose the policy term as per the duration which you have set for your saving goals.
• In case the life assured policyholder passes away due to an accident, two times of the Sum Assured amount will be payable.
• This plan allows you to build your saving corpus with the help of Compound Reversionary Bonus and Terminal Bonus, if any.
• You are also entitled to tax benefits under Section 80C & 10(10D) of the Income-Tax Act.

11. Tata AIA Life Insurance MahaLife Gold Plus

The Tata AIA MahaLife Gold Plus is a limited premium paying, non-linked participating whole life plan which not only allows your loved ones to retain their lifestyle but also provides them with financial freedom to realize their dreams. With this policy, your loved ones get a lump sum benefit. This plan provides insurance coverage up to the age of 85 years and requires you to pay premiums only for a limited period of the policy.

Features & Benefits of Tata AIA Life MahaLife Gold Plus

• This plan requires you to only pay premiums for a limited period of 15 years whereas the life coverage will extend up till the age of 85 years.
• The Inflation Protection Cover serves to enhance the protection provided by your plan during its policy term.
• Plan your legacy by ensuring regular income for yourself and your family for a long period of time
• From the 10th policy anniversary to the 30th, you are eligible to receive Guaranteed Annual Coupons.
• From the 6th policy anniversary until the policy reaches maturity, you are eligible to receive Guaranteed Cash Dividends on an annual basis.
• In addition to the regular income which this plan offers, you are also entitled to a lump sum amount which will be provided on maturity.
• This plan is also available with the option of add-on riders which can be purchased at a nominal cost to enhance the protection provided by the base plan.

12. Tata AIA Life Insurance MahaLife Gold

Your family’s needs are bound to change with time, as are yours. Owing a house, providing your children with the best education, preparing for life after retirement or simply preparing a legacy for your loved ones are just some of the many goals one wishes to achieve during their life. The Tata AIA Life Insurance MahaLife Gold is a participating whole life plan which provides life cover up till the ripe age of 85 years in exchange for a limited premium payment term.

Features & Benefits of Tata AIA Life Insurance MahaLife Gold

• This plan only requires premium payment for a term of 15 years whereas life cover provided will extend up till 85 years.
• This plan provides a regular income to ensure that you not only can you look after your family’s requirements but also leave behind a legacy for them.
• From the 10th policy anniversary till the date it reaches maturity, you are eligible to receive Guaranteed Annual Coupons.
• From the 6th policy anniversary until the policy reaches maturity, you are eligible to receive Guaranteed Cash Dividends on an annual basis.
• Under this plan, you are eligible for tax benefits under Section 80C and 10 (10D) of the Income Tax Act.
• Enhance the protection provided by the plan with the help of add-on riders which can be purchased at a nominal price.
• In addition to the regular income that the plan provides, you are also eligible to receive a lump sum amount when the plan matures.

13. Tata AIA Life Insurance MahaLife Magic

The MahaLife Magic by Tata AIA is a limited premium paying, non-linked, participating endowment assurance plan which enables you to take care of your family’s needs. With this plan, you receive a lump sum amount at maturity, in addition to bonuses which aid in maximizing savings.

Features & Benefits of Tata AIA Life Insurance MahaLife Magic

• Under this plan, you only have to pay premiums for a limited period of 9 years and you will be eligible to receive a lump sum amount upon maturity.
• You get to further build on your maturity amount with the help of bonus components which are offered under the plan.
• The life cover provided under the plan shields you against uncertainties for the entirety of the policy term.
• With this plan, you are also eligible for tax benefits as per the provisions of Section 80C and 10 (10D) of the Income-Tax Act.

14. Tata AIA Life Insurance Money Maxima

When it comes to savings, each of us works with a set plan in mind which is aimed at not only taking care of the family’s needs but also helping them realize their dreams. To help you achieve this, Tata AIA Life Insurance presents Money Maxima, a regular premium paying, non-linked, participating endowment assurance plan. For each rupee that you invest, this plan offers a range of bonus as well as guaranteed returns to help you maximize your capital, while also providing the right protection for your loved ones and their future.

Features & Benefits of Tata AIA Life Insurance Money Maxima

• This plan comes with flexible terms to enable you to fulfil your time-bound financial and saving goals.
• With this plan, you are also eligible for tax benefits as per the provisions of Section 80C and 10 (10D) of the Income-Tax Act.
• You can further build on your savings with the help of Guaranteed Loyalty Addition which are offered under the plan.
• Enhance the protection provided by the plan with the help of add-on riders which can be purchased at a nominal price.
• Under this plan, you are eligible to receive additional Bonuses and Guaranteed Loyalty Addition beside the Maturity Benefit Sum Assured.

Plan Name	Entry Age	Maturity Age	Premium
Gold Income plan	Min.– 6 years (5 Pay) & 3 years (12 Pay); Max.- 65 (5 Pay) & 55 (12 Pay)	Min.– 18 years; Max.- 77 (5 Pay) & 70 (12 Pay)	Min.- Rs.50,000/year (5 Pay) & Rs.36,000/year (12 Pay); Max.- No limit
Smart Income Plus	Min.- 3 years Max.- 50 years	Min.- 18 years Max.- 66 years (for PT 15)/71 years (for PT 21)/75 years (for PT 25)	Min.- Rs.18,000 (Option I)/Rs.36,000 (Option II)
Monthly Insurance Plan	Min.- 30 days Max.- 50 years	Min.- 18 years Max.- 70 years	Min.- Rs.2,000/month Max.- Based on underwriting limit
Secure 7	Min.- 18 years Max.- 55 years	Max.- 69 years	Min.- Rs.40,000/year
MahaLife Supreme	Min.- 18 years (Option A & B) Max.- 50 years (Option A & B)	Max.- 85 years (Option A)/80 years (Option B).	Min.- Rs.15,000 (Option A) & Rs.20,000 (Option B)
Fortune Guarantee	Min.- 8 years Max.- 55 years	Max.- 65 years	Min.- Rs.50,000 Max.- No limit
Insta Wealth Plan	Min.- 30 days Max.- 45 years	Min.- 18 years Max.- 65 years	Min.- Rs.10,000 per annum
Money Back Plus	Min.- 2 years Max.- 51 years	Min.- 18 years Max.- 75 years
Smart 7	Min.- 6 years Max.- 55 years	Max.- 67 years
Smart Growth Plus	Min.- 30 days (Option 1)/18 years (Option 2) Max.- 50 years	Max.- 65 years	Rs.10,000 per month
MahaLife Gold Plus	Min.- 30 days Max.- 55 years	Max.- 85 years
MahaLife Gold	Min.- 30 days Max.- 55 years	Max.- 85 years
MahaLife Magic	Min.- 12 years Max.- 55 years	Max.- 73 years
Money Maxima	Min.- 12 years Max.- 50 years	Max.- 75 years	Min.- Rs.12,000 per annum

Why Should One Opt For Tata AIA Life Insurance Savings Plans

Formed as a joint venture between Tata Sons Ltd. And AIA Group Ltd., Tata AIA Life Insurance has risen to become one of the most preferred and trusted insurance providers in the country. Tata AIA understands the importance of financial planning and to help their customers realize their dreams, have introduced a wide range of savings plans. Whether it is to buy a house, pay for a bucket list vacation, fund your child’s education, purchase a car, save up for your retirement or for the financial security of your family, Tata AIA savings plans will help you take care of it. Each plan has been crafted to fulfil various types of financial and insurance requirements. Some of the benefits which are offered along with these plans include flexible policy terms, limited premium payment term, guaranteed additions, returns and bonuses for maximizing savings, whole life insurance cover and tax benefits, among others.