Tata Aia

A
PROJECT REPORT
ON
INSURANCE
OF
Submitted To:- Ms.Dipali patel
Submitted By:- Akhani Ronak
(01)
Patel jayesh
(32)
Prajapati chandrakant
(41)
Type of company
Type Of Company: Public Limited Company
Tata AIA Life Insurance Company (Tata AIA Life) is a joint venture company formed by
Tata Sons and the AIA Group (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 17 markets in Asia Pacific. Tata Sons holds a majority stake of 74
percent in the company and AIA holds 26 percent through an AIA Group company. Tata AIA
Life started operations on April 1, 2001.
HISTORY
Tata AIG Life To Become Tata AIA Life
Renaming comes following the exit of American International Group (AIG) from the Hong
Kong-based insurer AIA Group
Tata AIG Life Insurance has been rechristened as Tata AIA Life Insurance Company
following the exit of American International Group (AIG) from the Hong Kong-based insurer
AIA Group.
AIA separated from the group in 2009 after it was finalised that AIA as well as ALICO
(another AIG subsidiary) were placed under the administration of a Special Purpose Vehicle in
exchange for the Federal Reserve.
The rechristened Tata AIA Life will continue to focus on building a "Premier Agency" sales
force to meet the savings and protection needs of the customers in India with protection-centric
products, he said in a statement.
Meanwhile, the life insurer posted a net profit of Rs 260.31 crore during 2011-12.
The total premium income declined at Rs 3,630 crore as against Rs 3,985 crore in 201011.Of this, the new business premium collection stood at Rs 940 crore. The renewal premium for
the same period was at Rs 2,690 crore as against Rs. 2,653 crore in the last fiscal.
The total assets under management of the company has increased by 15% to Rs 14,519 crore
from Rs 12,622 crores in the last fiscal. The paid-up capital of the company stood at Rs 1,954
crore at the end of March 2012.
Tata AIG Life Insurance Company, the life insurance joint venture formed by Tata Sons and
AIA Group (AIA), today announced that it has changed its name to Tata AIA Life Insurance
Company (Tata AIA Life).
The company was set up as a joint venture between the leading Indian conglomerate Tata
group and the leading international insurance organisation American International Group (AIG).
It was licensed to operate in India on February 12, 2001, and started operations on April 1, 2001.
Since its inception, Tata Sons owns 74 percent stake in joint venture, with the remaining 26
percent share held by AIA, a 100 percent owned subsidiary of AIG at that time.
In 2010, AIA went public in Hong Kong and raised $20.51 billion through an initial public
offering (IPO). The IPO was the third largest globally at the time of listing, after which AIA
emerged as the largest independent publicly listed Pan-Asian life insurance group in the world.
AIA has a strong heritage and fundamentals of over 90 years in the Asian insurance market. It
has wholly-owned main operating subsidiaries or branches in 14 markets in Asia Pacific.
To create a uniform identity of AIA owned companies post this IPO, the two promoters of
this joint venture have chosen to change the companys name to Tata AIA Life. However, the
company makes this transition just in its name; its single-minded focus in protecting the financial
well-being of its customers remains unchanged.
Commenting on the occasion, Farrokh K Kavarana, chairman, Tata AIA Life, said, The
Tata group, along with our valued partner AIA, continue to remain committed to the Indian
market and our valued customers and partners through our renamed entity Tata AIA Life. Over
the past 11 years, we as a company have strived to build a solid foundation of providing financial
protection to our customers. We are confident that this strong foundation will enable us to stand
unwaveringly in good stead and realise full potential of the vast Indian market.
Huynh Thanh Phong, executive vice president and regional chief executive, AIA, said, In
order to reflect the true brand identity of AIA and communicate its unique market position,
history and its ongoing commitment to customers and partners in Asia Pacific region, the
promoters of the joint venture have chosen to change the name of the company from Tata AIG
Life Insurance to Tata AIA Life Insurance. The rechristened Tata AIA Life will continue to
focus on building a premier agency sales force to meet the savings and protection needs of the
customers in India with protection-centric products.
Suresh Mahalingam, managing director, Tata AIA Life, elaborated, While we make this
transition in our name, nothing else will change. The promoters, the distribution network, the
teams, the products, the technology and more importantly, our commitment towards putting the
customers at the centre of everything we do, remain unchanged. The foundation of trust that our
company has been built upon will continue to be strengthened with the vast expertise that AIA
brings with over 90 years of leadership in the life insurance business in the Asia Pacific region.
GROWTH (MILESTONE)
Performance of tata AIA life for the financial year 2011-2012:Tata AIA Life also announced its financial results for the fiscal 2011-12, posting a net profit
of Rs260.31 crore.
The total premium income for the financial year ending March 2012 stood at Rs3,630 crore
as against Rs3,985 crore posted for the financial year 2010-11. Of this, the new business
premium collection stood at Rs940 crore. The renewal premium for the same period was at
Rs2,690 crore, as against Rs2,653 crore in the last fiscal. Traditional business accounted for 45
percent of the new business premium as against 29 percent in the last fiscal.
During the financial year, the company further enhanced its operating efficiencies resulting
in the reduction of the operating expenses to total premium ratio to 21 percent against 24 percent
in the previous financial year.
The total assets under management of the company has increased by 15 percent to Rs14,519
crore from Rs12,622 crore in the last fiscal. As on March 31, 2012, the paid-up capital of the
Company stood at Rs1954 crore.
Commenting on the company's performance, Mr Mahalingam said, The company has
maintained focus on optimum utilisation of resources and a healthy balance in the product mix
between traditional and unit linked business. The cost management effectively delivered
profitable growth for the company with statutory profit of Rs260.31 crore. A solvency margin of
284 percent further underlines the robust financial health of the company.
Recent performance of AIA:For the year that ended November 30, 2011, AIA reported record new business growth
with a 40 percent increase in value of new business and 22 percent increase in annualised new
premium. For the same period, AIAs embedded value stood at $27,239 million, up by $2,491
million from $24,748 million as on November 30, 2010. It had total assets of $114,461 million as
of November 30, 2011.
Tata AIA Life aims for growth in Pune:Pune: Tata AIA Life Insurance Company (Tata AIA Life), the life insurance joint venture
between Tata Sons and AIA Group, today announced its commitment to strengthen its Agency
network in Pune to address life protection needs of people of the region and to provide
meaningful employment as advisors.
As on March 31, 2014, the Company has a network of more than 1,600 advisors in
Maharashtra, including approximately 800 advisors who are based in Pune.
According to a survey by leading global reinsurer Swiss Re, the size of mortality protection
gap in India, which refers to the difference between the life insurance cover people have and
what they should have, is a staggering US$ 6.67 trillion third largest in Asia Pacific after China
and Japan.
The huge mortality protection gap in India implies that for every Rs. 100 which needs to be
spent on life Insurance cover, only Rs. 7.4 is actually spent on life insurance which also includes
element of savings. This leaves us with a 92.6% GAP in our familys financial protection against
the uncertainties of Life, said Sachin Joglekar, Chief Agency Officer, Tata AIA Life, who
visited Pune.
Adequate life insurance cover ensures that in case of an unfortunate event the life insurance
proceeds provide the dependant family with required financial income, which would help them
maintain same standard of living, as before. It is our belief that having a professional Agency
force will enable us to address the long-term protection requirements of the country through a
need based sales process, Mr. Joglekar added further.
The rising cost of living and high level of inflations make income protection a key concern
for today. In keeping with this, Tata AIA Life has launched a bouquet of solutions, which
provide income protection and satisfy the varying needs of the customers. All these solutions
allow customers to avail higher protection cover than earlier.
One such solution is Tata AIA Life Insurance MahaLife Gold, a Whole of Life plan that
provides insurance cover up to age 85 and, other assured benefits to fulfill both short term as
well as future life needs. The plan can be bought even from age zero (30 days). This means that
if one buys this policy for his / her child, he / she has to pay premiums only for the first 15 years,
after which the child gets a guaranteed annual income as well as life coverage till the age 85
years.
Tata AIA Life has a presence in more than 140 cities and towns in the country. The
Company has been awarded six ISO certifications for customer-centric intent and processes. This
includes an ISO 10002:2004 certificate for setting up a Grievance Redressal Cell, the first-of-itskind achievement in the domestic life insurance industry.
For the financial year 2013-14, the Company has posted a net profit of Rs. 412.95 crores.
During the same period, it had a healthy Solvency Ratio of 409%, and an Asset Under
Management (AUM) of Rs. 17,522.73 crores.
- Guaranteed annual income starts from 10th policy anniversary till maturity
Tata AIA Life aims for growth in Vidarbha region:Moves to a new office in the heart of Nagpur city
Nagpur: Tata AIA Life Insurance Company (Tata AIA Life), the life insurance joint
venture between Tata Sons and AIA Group, today announced its commitment to strengthen its
Agency network in Vidarbha to address life protection needs of people of Vidarbha and to
provide meaningful employment as advisors.
As on March 31, 2014, the Company has a network of 261 advisors in the Vidarbha region,
including 166 advisors who belong to the district of Nagpur.
"Adequate life insurance cover ensures that in case of an unfortunate event the life insurance
proceeds provide the dependant family with required financial income, which would help them
maintain same 'Standard of Living', as before," said Amitabh Tapadar, Chief Marketing Officer,
Tata AIA Life, who visited Nagpur to inaugurate the new office in the city.
According to a Swiss Re survey, the size of mortality protection gap in India, which refers
to the difference between the life insurance cover people have and what they should have, is a
staggering US$ 6.67 trillion. This implies that for every Rs. 100 that needs to be spent on life
Insurance cover in India, only Rs. 7.4 is actually spent on life insurance and savings put together
leading to a GAP of 92.6% in our familys financial protection against the uncertainties of Life.
As it is evident from Indias huge mortality protection gap, there is an enormous need for
long-term income protection solutions. At Tata AIA Life we believe that having the Right
Advisors will enable us to bridge the Income Protection gap in the country and facilitate long
term saving habits amongst Indians, Mr. Tapadar added further.
The ongoing uncertainties in global economic scenario make income protection a key concern
for today. In keeping with this, Tata AIA Life has launched a bouquet of solutions, which
provide income protection and satisfy the varying needs of the customers. All these solutions
allow customers to avail higher protection cover than earlier.
One such solution is Tata AIA Life Insurance MahaLife Gold, a Whole of Life plan that
provide insurance cover up to age 85 and other assured benefits to fulfill both short term as well
as future life needs. The plan can be bought even from age zero (30 days). This means that if one
buys this policy for his/her child he/she has to pay premiums only for the first 15 years, after
which the child gets a guaranteed annual income* as well as life coverage till the age 85 years.
Tata AIA Life has a presence in more than 140 cities and towns in the country. The Company
has been awarded six ISO certifications for customer-centric intent and processes. This includes
an ISO 10002:2004 certificate for setting up a Grievance Redressal Cell, the first-of-its-kind
achievement in the domestic life insurance industry.
For the financial year 2013-14, the Company has posted a net profit of Rs. 412.95 crores.
During the same period, it had a healthy Solvency Ratio of 409%, and an Asset Under
Management (AUM) of Rs. 17,522.73 crores.
- Guaranteed annual income starts from 10th policy till maturity
Tata AIA Life introduces 5 mobile insurance Apps

These Apps are available on Google Play Store and Apple App Store. Tata AIA Life
Insurance introduces 5 mobile-based insurance applications (Apps). This will help them in their
insurance-buying decisions. An individual can buy an insurance policy through these
Apps.These apps are available on Google play store and apple app store.
Protection Gap calculator, Retirement Gap calculator, Child Need Planner calculator, Child
ULIP plus Term Plan Combo calculator and ULIP Plus Term Plan Combo calculators are the
five Apps introduced by the insurer. One can download these Apps on Android and Apple
devices.
1. Mukesh Dhawan, Deputy Chief Executive Officer and Chief Distribution Officer,
Tata AIA Life said, These apps will make the process of buying insurance
convenient and help them understand their insurance requirement.Users can
download these applications on their Android and iOS platform from the App stores
available on their smart phone and tablets.
AWARDS AND ACHIEVEMENTS:May 2006

Life Insurance Marketing and Research Association gave the prestigious International Quality
Agent award to 61 advisors of Tata AIG Life Insurance Company. The company also won in a
first-ever customer survey in insurance sector conducted by the Voluntary Organisation In
Interest of Consumer Education
Tata AIA Life Insurance Company bags World Finance Pension

Fund Award
Gets special accolade for HR practices, which is one of most impressive across the globe
according to the judging panel
Innovative customer care initiatives, such as key feature document and customer service
camp, get special mention for maintaining high standards
Mumbai: Tata AIA Life Insurance Company (Tata AIA Life) has won the World Finance
Pension Fund of the Year Award 2013 from India at a ceremony held at the London Stock
Exchange. The award was bestowed on Tata AIA Life in recognition of its financial strength,
efficiency of the investment functions, customer relationship management, operational
Performance and human resource management.
Accepting the award on behalf of the company, Saravana Kumar, chief investment
officer, Tata AIA Life, said, "It is a great honour to be chosen as the winner of World Pension
Fund Award from India. This award is a testimony of our endeavour to generate superior and
consistent investment returns for our customers to meet their long term financial objectives. We
will continue to work hard to help our customers meet their financial goals."
Tata AIA Life was adjudged the winner based on a wide criterion. The most notable
amongst them being the incorporation of the latest technologies and full automation that
alleviated human error and created an excellent foundation for a highly efficient organisation.
The judges were highly impressed with overall approach of Tata AIA Life to customer
management and took note of how the company has invested heavily in the continued training of
both clients and employees in order to raise the standards. Some of the innovative initiates taken
by the company, such as key feature document and customer service camps, were acknowledged
by judges as the company's commitment to maintain high standard in customer care.
The judges were particularly impressed by the genuine consideration Tata AIA Life
showed for its staff and the human resources practice of the company led by a distinct margin
over the other finalists. According to them, the HR of Tata AIA Life was one of the most
impressive they had Viewed in all the submission globally.
The ISO standard 10002:2004 certification for the Complaints Management System and the
method of implementation of the same was another key parameter that influenced the decision of
the judges in favour of Tata AIA Life, as they felt it not only improved the quality of service
offering but also raised the bar in service standards across India. A special mention was made of
the fact that the company's senior personnel from the investment team are available via video
conference
to
answer
queries
and
communicate
personally
with
the
customers.
The judges also applauded the company's efforts towards contributing back to the society.
They felt that whilst Tata AIA Life enjoyed a commanding position as one of India's premier
institutions, they also led by example across their community projects and showcased
responsibility towards the society at large.
The clear vision and direction of the executive team at Tata AIA Life was spoken very
highly of by the judging panel. They highlighted that the high operational standards displayed by
the company's board has filtered through the organisation and is very much evident throughout
the company.
The World Finance Awards have been recognising achievements of innovative financial
service providers across the globe by way of their annual awards since 2007. The process of
selecting the winners of these awards comprises of two stages:
First is the open voting process by the World Finance audience, whereby all insurance
companies that operate in a respective country may be voted for. The top three companies
with the highest count of votes are then shortlisted as the finalists and presented to the
judging panel.
The judging panel compiles a number of questions to help them better understand the
operations of the finalists. On receiving the responses, the judges speak to their
contacts/colleagues working in the country being judged for references. The final assessment
is based on a range of criteria including financial strength/performance, operational
efficiency and effectiveness, product/service development, quality and vision of leadership,
customer support and any philanthropic/charitable projects.
Policies and plans:Term plans:

TATA AIA Group Term Life:Plan Nature
Traditional
About plan:
Tata AIG Life Group Term Life(Group Term Life) is designed for those who value their
employees. This is the most practical investment plan. This plan work in a most possible way to
fulfill your needs. The policy provides for a lump sum payment to the insured's nominated
beneficiary in the event of death due to accidental & non accidental causes. The policy offers
benefit whereby an advance payment of part of the sum insured may be made in the event that an
insured employee is diagnosed with a terminal illness, such that, life expectancy is
unquestionably short.
Basic details:
Minimum Entry Age
18 YEARS
Maximum Entry Age
64 YEARS
Key benefits:
Benefits:
Particulars
Description
Maturity
Nil
Benefits
Death
The policy provides for a lump sum payment to the insured's nominated
Benefits
beneficiary in the event of death due to accidental & non accidental causes.
Cover applies worldwide 24-hours a day
Loan against
policy
No loan facility
Tax Benefits
Section
Description
SEC 80 C
Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from

taxable income.
SEC 10
Maturity and Death Benefits are tax free under section 10 (10) D of the Income
(10)D
Tax Act, 1961.
Plan Speciality
Tata Aig life Guoup Term life is the most practical investment they can make in them. We will
work with you to create the optimum plan for your needs.
The policy offers benefit wher by an advance payment of part of the sum insured may be mad in
the event that an insured employee is diagnosed with a terminal illness such that life expectancy
is unquestionably short
TATA AIA Ayushman Yojana:Plan Nature
Traditional
About plan:
A single premium plan where the policyholder pays the premium at the beginning of the
policy term. This is especially useful for those rural people who have a seasonal income.
Basic Details
Minimum Policy Term
10 years
Minimum Sum Assured
Rs 5000
Maximum Sum Assured
Rs 50000
Minimum Entry Age
18 years
Maximum Entry Age
60 years
Key Benefits
Benefits
Particulars
Description
Maturity Benefits
On survival to the end of the policy term the policyholder shall be paid
125% of single premium paid.
Death Benefits
The nominee will be paid the Basic Sum Assured in an unfortunate event
of death of the policyholder during the 10 year term of the policy.
Loan against policy
The policy holder may take a loan from the Company up to certain
percentage of the Cash Value accrued on the policy as on date of the loan.
Interest will be charged on the loan at the rate applicable at that time and
is subject to change from time to time as per the Company's discretion.
Surrender Benefit
Policy can be surrendered any time. Applicable Cash Value will be

received.
Tax Benefits
Section
Description
SEC 80 C
Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction

from taxable income
SEC 10 (10)D
Maturity and Death Benefits are tax free under section 10 (10) D of the
Income Tax Act, 1961.
Plan Speciality
An outstanding feature of this plan Specially designed for the rural population with seasonal
income is thant the policyholder gets back his her premiu with a 25% addition on survival to the
end of the policy term.
A single premium plan where the policy holder pays the premium at the beginning of the plicy
term. This is especially useful for those rural people who have a seasonal income
TATA AIA Life IRaksha Supreme

Plan Nature
Traditional
About Plan:
It is a non linked non participating, term insurance plan. It's designed to be your online pure
term solution of choice that will ensure your peace of mind at a very attractive and easily
affordable price. What's more, you can buy it at your convenience of location and time - online
without any hassle. You just need to click the mouse when you are ready to pick your life cover
required.
Basic Details
Minimum
18 years
Entry Age
Maximum
70 years
Entry Age
Maximum
80 years
Maturity Age
Minimum Sum
Rs.5000000
Assured
Minimum
No Limit
Policy Term
Maximum
Regular Pay 10 yearsSingle Pay 10 yearsLimited Pay 5 years - 10
Policy Term
yearsLimited Pay 10 years - 15 years
Maximum
Regular Pay 40 yearsSingle Pay 40 yearsLimited Pay 5 years - 40
Policy Term
yearsLimited Pay 10 years - 40 years
Premium
Limited - 5/10 years
Paying Term
Key Benefits
Benefits
Particulars Description
Maturity
There is no maturity benefit payable under this policy.'Death benefit payout will be
Benefits
made subject to the policy being in force.
Death
Life is uncertain and our objective should be that in case of an unfortunate incident,
Benefits
our family should be financially well protected. In case of unfortunate demise of the
insured during the policy term, the Sum Assured chosen under the plan will be paid
to the nominee.
Surrender
It is advisable continue the policy till the chosen policy term. However, due to some
Benefit
unfavourable circumstances if you are unable t continue the policy and it needs to
be surrendered, we will pay the below:Surrender Value Factor*(Outstanding Policy
Term/Policy Term)* Total Premiums PaidPolicies can be surrendered anytime after
policy commencement in case of Single Pay policies.Policy can be surrendered
provided full 3 and 7 years premiums have been paid for 5 and 10 Pay policies
respectively in case of Limited Pay policies. Policies surrender is not applicable
under Regular Pay policies.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Life Protection - provides financial protection against unfortunate demise of the insured.
Choice of premium payment to suit your convenience* Regular Pay-pay premium till the the end
of chosen policy term* Limited Pay-pay premium for a limited period of 5 or 10 years and stay
covered for a longer period* Single Pay-pay premium once for coverage over the entire policy
term chosen
Benefit from a healthier lifestyle through preferential Premium Rates for non-smokers.
Female customers can avail the benefit of lower rates
Rate benefits for customers opting for higher level of protection (Sum Assured of Rs.75 Lacs &
above)
Tax benefits u/s80C & 10(10D) of the Income-Tax Act, 1961.
TATA AIA Sampoorn Bima Yojana:Plan Nature
Traditional
About Plan:
A low cost insurance plan where the policyholder receives all the premiums paid during the
policy term upon survival until the term of the policy. Premiums are payable for only 10 years,
while the coverage is up to 15 years.
Basic Details
Minimum Policy Term
15 Years
Minimum Sum Assured
Rs 5000
Maximum Sum Assured
Rs 50000
Minimum Entry Age
18 Years
Maximum Entry Age
60 Years
Premium Paying Term
10 Years
Benefits
Particulars
Description
Maturity
At the end of the 15 years, all the premiums paid will be returned to the
Benefits
policyholder.
Death Benefits
Sum assured is paid to the policyholder's nominee
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Sampoorn Bima Yojana is a Micro InsuranceProtection Plan where the policyholder receives all
thepremiums paid during the term of the policy uponsurvival till the term of the policy, provided
the policyis in force at the end of the termThis low cost insurance plan is designed for the
ruralpopulation who wish to provide their family withsecurity.
In case the policy holder is unable to pay the premium within the grace period and provided pliy
is in force the premium then due can be advanced as a lon to the policy holder upon request.
In case the policy holder is unable to pay the premium within the grace period and provided pliy
is in force the premium then due can be advanced as a lon to the policy holder upon request.
CHILD PLANS: TATA AIA Assure 21 Years Money Saver:Plan Nature
Traditional
About plan:
This savings plan gives you the cash payment at specified intervals to fund your family's
needs at critical milestones or support your financial obligations. you get the dual benefits of life
insurance coverage plus the flexibility of periodic payments.
Basic Details
Minimum Entry Age
30 days
Maximum Entry Age
55 years
Key Benefits
Benefits
Particulars
Description
Maturity
Assure 21 Years Money Saver Plan gives you back 10% of the Sum Assured every
Benefits
three years for the next 21 years. And the balance 40% of the sum assured will be
paid on maturity (i.e. on the 21st anniversary of this policy).
Death
In case of unfortunate loss of life before the completion of age 4, the amount
Benefits
payable will be as per the table given below: Age at time of death & Amount
Payable0-20% of Sum Assured1-40% of Sum Assured2-60% of Sum Assured380% of Sum Assured
Survival
10% of the sum assured is paid on survival on the 3rd /6th /9th /12th /15th and 18th
Benefit
policy anniversaries.
Surrender
You are entitled to guaranteed surrender value, which refers to guaranteed amount
Benefit
of cash value of the policy equal to 30% of total amount of the premiums of the
Basic Policy paid, excluding the first year premium and all extra premiums of the
basic Policy provided the premium has been paid for at least three consecutive
years.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
10% of the sum assured is paid on survival on the 3rd /6th /9th /12th /15th and 18th policy
anniversaries.
40% of the sum assured will be paid on maturity (i.e. on the 21st anniversary of this policy).
The entire sum assured is distributed to your beneficiaries, irrespective of cash payments already
made, in the unfortunate event of your death before the end of the policy's term.
A 10% Guaranteed Addition is payable on death or maturity, if the policy has been inforce for 10
years.
A reversionary and terminal bonus payable on death or maturity. Terminal bonus is available
only if policy is in force for more than 10 years.
Bonuses are paid depending on performance of the company.
TATA AIA Assure Career Builder:Plan Nature
Traditional
About plan:
Tata AIG Life's Assure Career Builder is a juvenile insurance product designed to provide
your children with the financial support they'll need at important junctures in their life.
Basic Details
Minimum Entry Age
0 years
Maximum Entry Age
15 years
Maximum Maturity Age
27 years
Key Benefits
Benefits
Particulars
Description
Maturity
40% of the sum assured at the policy anniversary following your child's 27th
Benefits
birthday i.e. at maturity. A guaranteed addition of 10% of the sum assured plus
terminal bonus if any to be paid at the time of maturity.
Death
In case of unfortunate loss of life before the completion of age 4, the amount
Benefits
payable will be as per the table given below: Age at time of death & Amount
Payable0-20% of Sum Assured1-40% of Sum Assured2-60% of Sum Assured 380% of Sum Assured
Surrender
You are entitled to guarantee surrender value, which refers to guaranteed cash
Benefit
value ofthe policy as 30% of the total amount of premiums of the basic policy
paid, excluding the 1st year premium of the basic policy and all extra premiums of
the basic policy, if any, provided the premium has been paid for at least 3
consecutive years.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Lump sum payments at various stages of your child's life: 20% of sum assured on your child's
18th birthday, 20% on his/her 21st birthday, 20% on his/her 24th birthday and the remaining
40% when the policy matures on your child's 27th birthday.
Periodic payments against the policy do not affect the full payment of the sum assured in case of
the insured's death.
A guaranteed addition of 10% of the sum assured to be paid at the time of maturity or death
(policy must be in force for a minimum 10 years).
A compound reversionary bonus, as declared by the Company, is credited to the policy on the
policy anniversary.
A terminal bonus payable on death or maturity (policy must be in force for a minimum 10 years).
TATA AIA Assure Edu Care At 21 Plan:Plan Nature
Traditional
About plan:
This is a first-of-its-kind juvenile endowment policy geared toward funding your child's
education. You can choose between Assure Educare 18 and Assure Educare 21, depending on
your needs:Assure Educare 18: This plan matures when your child turns 18 and is open to
children between 0 years and 8 years of age. and Assure Educare 21: This plan matures when
your child turns 21, and is open to children between 0 years and 11 years of age.
Basic Details
Minimum Entry Age
8 yeas
Maximum Entry Age
11 years(Assure 21)
Key Benefits
Benefits
Particulars
Description
Maturity
On maturity Sum Assured will be paid. In addition to that a guaranteed payment
Benefits
of 10% of the sum assured (policy must be in force for a minimum 10 years)
plus additional guaranteed education benefit of 20% of sum assured and
terminal bonus if any at maturity.
Death
In the unfortunate event of insured's death during the term the sum assured
Benefits
alongwith guaranteed additions (if applicable) and accrued bonuses, if any, will
be paid, subject to juvenile lien as mentioned in policy contract.
Surrender
The Guaranteed Surrender Value, which refers to guaranteed cash value of the
Benefit
policy is equal to 30% of the total amount of premiums of the basic policy paid,
excluding the first year premium of the basic policy, and all extra premiums of
the basic policy if, any, provided the premium has been paid for at least three
consecutive years.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
guaranteed payment of 10% of the sum assured at maturity or on death (policy must be in force
for a minimum 10 years).
An additional guaranteed education benefit of 20% of sum assured, payable to you at maturity.
A non-guaranteed compounded annual bonus credited on the policy anniversary (depending on
Company performance).
A terminal bonus which is payable on death or maturity (policy must be in force for a minimum
10 years).
Free Look Period - A money-back guarantee, which allows you to return the policy within 15
days of receipt for a full refund (minus nominal administrative charges).
Sum Assured is payable on death or on maturity.
TATA AIA Star Kid:Plan Nature
Traditional
About plan:
Star Kid is an exceptional Child Endowment Policy that will ensure that you can afford to
give your child everything he needs.
Basic Details
Minimum Entry Age
30days.
Maximum Entry Age
8years.
Key Benefits
Benefits
Particulars
Description
Maturity
In addition to the cash benefits mentioned above, on maturity your child will
Benefits
receive a chunk of money that is equal to the premiums paid in the first five
years. This lump sum cash benefit provides essential financial support for your
child.
Death
In case of loss of life/disability of the payor before the premium payment term
Benefits
is over, all the future premiums are waived. In case of loss of life/disability of
the parent after the premium payment term is over and before the child turns 18
years, 50% of the Sum Assured is payable. In case of loss of life of the child,
the full Sum Assured, Guaranteed Additions, Reversionary Bonus and Terminal
Bonus will be paid irrespective of any payments made earlier, however subject
to juvenile lien as mentioned in the policy contract.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Your child will receive cash benefits to the equivalent of 20% of the sum assured at the age of
18, 19, 20, 21 & 22.
Flexible and affordable premiums, which can be paid annually, semi-annually, quarterly, or even
monthly.
No medical examination of your child is needed.
Free Look Period - A money-back guarantee, which allows you to return the policy within 15
days of receipt for a full refund (minus nominal administrative charges).
TATA AIA Maha Life Gold:Plan Nature
Traditional
About plan:
Maha Life Gold ,This unique policy is an ideal planning vehicle to fund your retirement. It
provides a steady income and insurance coverage for life. Premiums are payable only for the first
15 years, and can be used to cover the future expenses of your children.
Basic Details
Minimum Entry Age
0 YEARS
Maximum Entry Age
60 YEARS
Key Benefits
Benefits
Particulars
Description
Maturity
On maturity at the age of 100, the entire Sum Assured will be paid
Benefits
Death Benefits
In the unfortunate event of death the beneficiary will get the entire Sum
Assured. In case of unfortunate loss of life before the completionof age 4 of
the life insured, the amount payable will beAge at time of death & Amount
Payable (Rs.)0 20% of Sum Assured 1 40% of Sum Assured 2 60% of Sum
Assured 3 80% of Sum Assured
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
A guaranteed annual coupon of 5% of the sum assured every year for the rest of the insured's
term from the 10th policy anniversary.
Yearly cash dividends are available from the 6th policy anniversary onwards (depending on
Company performance).
The entire sum assured is paid tax-free as per current Income Tax Laws
Facility to increase the Sum Assured through Top up Premium.
Minimum Issue age of 0 (30 days) and maximum issue age of 70 years with maximum maturity
age of 80 years.
SAVINGS & INVESTMENT PLANS: TATA AIA Invest Assure II Plus:-
Plan Nature
ULIP
About plan:
Tata AIG Life introduces InvestAssure II +, a unique non-participating investment linked
endowment insurance plan for flexibility and protection. Given a choice, many people would like
to increase the earning potential of their insurance premium by deciding their own investment
and risk limitations. InvestAssure II +, a unique, flexible insurance plan combines the security of
a life insurance policy with the opportunity to exploit the upside of market returns by investing in
different kinds of securities through multiple fund options.
Basic Details
Minimum Entry Age
30 Days
Maximum Entry Age
60 Years
75 Years
Minimum Policy Term
15 Years
Premium Paying Term
Same as policy term
Minimum Sum Assured
5* Annualized premium
Maximum Sum Assured
Policy term * Annualized premium
Key Benefits
Benefits
Particulars
Description
Maturity
On survival to the end of the policy term, you will not only receive the Total Fund
Benefits
Value which is equal to the Regular Premium Fund Value plus the Top-Up
Premium Fund Value. Guaranteed Maturity Addition of 5% of Regular
PremiumFund Value will be paid at the time of Policy Maturity.
Death
Tata AIG Life Accidental Death Benefit (ADB) Rider (UIN:110C003V01)This
Benefits
provides for an additional benefit amount up to the basic Sum Assured purchased,
subject to underwriting rules, in case of death due to an accident.
Other
you have an option to receive the maturity amount either in lump sum or in
Benefits
installments over a period of time. This period, termed as Settlement Period, may
be extended up to a maximum of five years from the date of maturity.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Guaranteed Maturity Addition* of 5% of Regular Premium Fund Value

Flexibility of choosing a life cover for a term of 15 years, 20 years, 25 years or 30 years.
Flexibility of 8 Fund Options to choose from
Optimize market returns through Systematic Money Allocation &Regular Transfer Investment
(SMART) and Automatic Asset Allocation(AAA)
Choose from 5 available riders for 'Added Protection'
TATA AIA Maha Life Magic Plan:Plan Nature
ULIP
About plan:
It is a limited premium paying Non-Linked Participating Endowment Assurance Plan. This
is a unique saving plan in which you pay for a short period and stand to gain by maximizing the
growth of your money.
Basic Details
Minimum Entry Age
12 Years
Maximum Entry Age
55 Years
73 Years
Maximum Policy Term
18 Years
Premium Paying Term
9 Years
Minimum Basic Sum Assured
Rs. 200,000
Maximum Basic Sum Assured
No Limit
Key Benefits
Benefits
Particulars
Description
Maturity
On maturity, you will receive Minimum Guaranteed Sum Assured on maturity
Benefits
plus vested Compound Reversionary Bonus plus Terminal Bonus, if any,

provided the policy is in force and all due premiums have been paid.
Death
In case of unfortunate death of the Insured, before the maturity of the policy,
Benefits
Sum Assured on death along with vested Compound Reversionary Bonus and
Terminal Bonus (if any) is payable to thenominee/legal heir provided the policy
is in force. This total amount will be subject to a minimum of 105% of Total
Premiums Paid, as on the date of death. The Policy will terminate upon death of
the insured and no other benefit under the policy shall be payable.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Pay for just 9 years and reeive a lump sum aount at maturity
Bonuses to augment your maturity amount
Potential for upside with the bonus components
Protection against uncertainties of life for the entire policy term.
Tax Benefits available under Section 80C and 10 (10D) of the Income -Tax Act, 1961
TATA AIA Invest Assure Sampatti:Plan Nature
ULIP
About plan:
Tata AIG Life Invest Assure Sampatti also comes with an option oflifecycle-based portfolio
strategy that re-distributes your moneyacross various asset classes (Automatic Asset Allocation)
based onyour life stage and risk tolerance.Thus, with Tata AIG Life InvestAssure Sampatti,
make every pennythat you have earned work as hard as you do.
Basic Details
Minimum Entry Age
30days
Maximum Entry Age
60years
Minimum Policy Term
15years
Maximum Policy Term
30years
Minimum Premium
Rs18000
Maximum Premium
Rs 50000
Premium Paying Term
same as policy term
Minimum Sum Assured
5 times the annualized premium
Key Benefits
Benefits
Particulars
Description
Maturity
On survival to the end of the policy term, you will not only receive the Total
Benefits
Fund Value which is equal to the value of the Regular Premium Account
plus the value of the Top-Up Premium Account (if applicable) valued at
applicable unit price, but also the Guaranteed Maturity Bonus* based on your
Annualised Premium No part of Guaranteed Maturity Bonus is payable on
the surrender / lapse / termination & on death.
Death Benefits
In case of unfortunate death of the Insured, while the policy is in force &
before the maturity date, his/ her nominee will get Higher of i) the Sum
Assured net of all Deductible Partial Withdrawals, if any, from the Regular
Premium Account, or (ii) the Regular Premium Fund Value at applicable unit
price.In addition to this, for each Top-Up the death benefit will be higher ofi)
The approved Top-Up Sum Assured(s) net of all Deductible Partial
Withdrawals, if any, from the Top-Up Account, or (ii) Top-Up Fund Value at
applicable unit price.For the purpose of determining the Death Benefit under
thisprovision, the Deductible Partial Withdrawals mentioned aboveshall
mean the higher of sum of all partial withdrawals paid (net of the Partial
Withdrawal Charge) from the relevant Account(s) i) during the 24 months
immediately preceding Insured's date of death; or (ii) after Insured attains 60
years of age.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
0% premium allocation charges to ensure higher returns.

Guaranteed Maturity Bonus* up to 7% of Regular Premium Fund Value.
Eight Investment Fund Options including Infrastructure Fund' & uper Select Equity Fund'
Optimize market returns by investing through.
Systematic Money Allocation & Regular Transfer Investment(SMART)
Automatic Asset Allocation (AAA)
TATA AIA Maha life Supreme Plan:Plan Nature
Traditional
About plan:
It is a limited premium plan that gives you the key to a guaranteed annual income for up to 20
years.
Basic Details
Minimum Entry Age
18 Years
Maximum Entry Age
55 Years
90 Years
Maximum Policy Term
35 Years
Premium Paying Term
15 Years
Minimum Premium
Rs, 15,000
Maximum Sum Assured
10 times annualised premium
Key Benefits
Benefits
Particulars
Description
Maturity
On maturity we will pay you a fixed percentage of Basic Sum Assured
Benefits
depending on your age at entry and option chosen along with the applicable
Guarannteed Annual Income.
Death Benefits
In case of unfortunate death of the Life Assured, before the maturity of the
policy, death benefit is payable to the nominee.Death benefit will be higher of
the
following:Basic
Sum
AssuredPolicy
Premium.105% of Total Premiums Paid till date.
Term
0.5*Annualised
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Limited premium payment endowment plan with Guaranteed Annual Income

Choose between 2 options - Option A or Option B, based on Policy Term and Premium Payment
Term as per your requirement of savings outflow and required income in flow.
Steady and Guaranteed Annual Income to provide a regular inflow of funds.
On maturity, lump sum amount payable as a percentage of Basic Sum Assured as well as
applicable Guaranteed Annual Income.
Above all, it provides comprehensive life insurance coverage throughout the policy period.
Tax Benefits available under Section 800C and 10 (10D)
TATA AIA Invest Assure Optima Plus:Plan Nature
ULIP
About plan:
Tata AIG Life Invest Assure Optima Plus a non participating Unit Linked insurance solution
which helpsoptimize your investment returns, with a combination of highallocation and
Guaranteed Addition while providing you acomprehensive financial protection.
Basic Details
Minimum Entry Age
30 Days
Maximum Entry Age
60 Years
Maximum Maturity
70 Years
Age
Minimum Policy Term 10 years
Premium Paying Term
Same as policy term
Minimum Premium
Annual RS 15,000 P.aSemi_Annual/ Quarterly/Monthely Rs 18,000 P.a
Minimum Sum
5* Annualized premium
Assured
Maximum Sum
Policy term* Annualized Premium
Assured
Key Benefits
Benefits
Particulars
Description
Maturity
On survival to the end of the policy term, you will not only receivethe Total
Benefits
Fund Value which is equal to the value of the RegularPremium Account plus
the value of the Top-Up Premium Account(if applicable) valued at applicable
unit price but also theGuaranteed Additions as defined below plus the
GuaranteedMaturity Addition, if applicable.
Death Benefits
In case of unfortunate death of the insured, while the policy is in force &
before the maturity date, his/ her nominee will geta. Higher of (i) the Sum
Assured net of all Deductible Partial Withdrawals, if any, from the Regular
Premium Account plusb. Higher of (i) the approved Top-Up Sum Assured(s)
net of all
Other Benefits
Provided policyholder is alive on the maturity date, you have an option to

receive the maturity amount either in lump sum or in installments over a period
of time. This period, termed as Settlement Period, may be extended up to a
maximum of fiveyears from the date of maturity. The timing and amount of
theinstallments will be chosen by you at the time of maturity while exercising
this option. The value of such periodical payments will depend on the
performance of the Funds selected for investment.Switching and partial
withdrawals (other than the aforesaid periodical payments) are not available
during the Settlement Period.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Low Premium Allocation charge from 2 Year onwardsGuaranteed Maturity Addition of 7.5% of
Regular PremiumFund ValueSeven Fund Options to choose from including Super Select Equity
FundChoose from 5 available riders for 'added protection'
Risk plans: TATA AIA LIFE Plus:Plan Nature
Traditional
About plan:
Life Plus If you outlive the 20-year term of a LifePlus policy, all of your premium
payments will be refunded; if you die by natural causes while the policy is in force, your
beneficiaries will receive the sum assured; should you die due to accidental causes, your
beneficiaries will receive double the sum assured.
Basic Details
Minimum Policy Term

Minimum Entry Age
18 Years
Maximum Entry Age
60 Years
Key Benefits
Benefits
Particulars
Description
Death Benefits
life Cover for 20 years upon your unfortunate death at any time during the
20 years term the plan pays the sum Assured to your loved ones.In case of
an accidental death , additional sum assured will be paid.
Premium Benefit
At the end of 20 years, you get back the premiims paid - guarenteed.
Other Benefits
Premiums paid are eligible for tax exemption benefits as per current
income tax act.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
All premiums paid are returned (without interest) in the event you outlive the policy's 20-year
term.
Premiums are payable only for the first 15 years of the 20-year term.
Facility to increase the premium through Top up Premium.
Flexible Sum Assured: The minimum sum assured is higher of 5 times or (policy term/2) times
the annual premium.
TATA AIA Maha Life:Plan Nature
Traditional
About plan:
Maha life is distinctive policy provides a steady income and insurance coverage for life.
Premiums are payable only for the first 12 years. You can even use this to cover future expenses
of your children.
Basic Details
Minimum Entry Age
30 days
Maximum Entry Age
50 years
Premium Paying Term
12 years
Minimum Sum Assured
RS 50000
Key Benefits
Benefits
Particulars
Description
Accident
Tata AIG Life's MahaLife Gold Plan has been uniquelydesigned to ensure
Benefit
maximum dividends while givingyou coverage for an entire lifetime. Clearly a

policy thatis too good to ignore.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
A guaranteed annual coupon of 5% of sum assured, every year for the rest of the insured's life
from the 12th policy anniversary onwards.
If Tata AIG Life performs well, you get yearly cash dividend from the 6th policy anniversary
onwards.
On death or at maturity at age 100, the entire sum assured will be paid tax-free according to
current Income Tax Laws.
Provides security to your family in case of your unfortunate death.
Seven Fund Options: Whole Life Mid-cap Equity Fund, Whole Life Aggressive Growth Fund,
Whole Life Stable Growth Fund, Whole Life Income Fund, Whole Life Short-Term Fixed
Income Fund, Capital Guarantee Fund, Large Cap Equity Fund.
PROTECTION PLANS: TATA AIA Life United Ujjwal Bhavishya:Plan Nature
ULIP
About plan:
Tata AIG Life United Ujjwal Bhavishya is a unit linked endowment plan which provides
you the assurance to realize your childs dreams.
Basic Details
Minimum Entry Age
18 YEARS
Maximum Entry Age
55 YEARS
Minimum Policy Term
10 YEARS
Maximum Policy Term
25 YEARS
65 YEARS
Minimum Premium
Rs. 15000
Key Benefits
Benefits
Particulars
Description
Maturity
On maturity of your Policy, you (or your nominees, in case of your unfortunate
Benefits
demise during Policy Term), will receive the Total Fund Value which is equal
to the value of the Regular Premium Account plus the value of the Top-up
Premium Account valued at applicable Unit Price.
Death
In the unfortunate event of your demise In case of your unfortunate demise
Benefits
while the Policy is in force, we will:Pay to the Nominee the initial Basic Sum
Assured and any approved Top-up Sum Assured(s), We will continue your
Policy benefits by paying the original regular Premiums as chosen by you at
inception, Terminate all Rider Coverages (if selected)
Loan against
policy
Policy loan is not allowed
Partial
In case you need money for any emergency or otherwise, this plan offers you to
Withdrawal
withdraw from your Fund. The withdrawals from regular Premium Account are
Benefit
allowed from the sixth Policy Year. Minimum Partial Withdrawal is Rs. 5,000
and the Total Fund Value, after any withdrawal, should be such that the
Surrender Value does not fall below an amount equal to One Annual Regular
Premium.
Tax Benefits
Section
Description
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Sum assured is paid on the death of the life assured. While the policy terminates, the
policy benefits continue till maturity All future regular premiums will be waived off in case of
death or total permanent disability of the life insured Choose from any of the eight Fund Options:
Whole Life Mid-cap Equity Fund, Whole Life Aggressive Growth Fund, Whole Life Stable
Growth Fund, Whole Life Income Fund, Whole Life Short-Term Fixed Income Fund, 110%
Capital Guarantee Fund, Large Cap Equity Fund & Select Equity Fund Choose from 4 available
riders i.e. Tata AIG Life Family Income Benefit, Tata AIG Life Accidental Death Benefit, Tata
AIG Life Accidental Death & Dismemberment Benefit & Tata AIG Life Critical Illness Lump
sum Benefit. These riders are not mandatory and are available at a nominal additional cost.
Premiums can be paid monthly, quarterly, semi-annually or annually
TATA AIA Life Jeevan Lakshaya Plus:About plan:

Tata AIG Life Lakshya Plus is an easy to purchase unit linked insurance plan. The plan
provides you the dual benefit of investment and protection with just a health declaration. It also
acts as a flexible money saver which helps you to achieve the right asset allocation through the
benefits of rupee cost averaging.
Basic Details
Minimum Entry Age
30 Days
Maximum Entry Age
60 Years
75 Years
Minimum Sum Assured
RS 18,000
Maximum Premium
Rs 50,000
Premium Paying Term
Regular
Minimum Policy Term
15 Years
Minimum Sum Assured
5 times the Annuallzed premium
Key Benefits
Benefits
Particulars
Description
Maturity
On survival to the end of the policy term, Regular Premium Account Value and
Benefits
Top-Up Account Value, valued at applicable unit price, is payable.

Additionally, a Guaranteed Maturity Addition# equal to 8% of the Regular
Premium Fund Value due under the policy will be paid. No part of Guaranteed
Maturity Addition is payable on the surrender / lapse / termination and on death.
Death
In case of unfortunate death of the insured, while the policy is in force & before
Benefits
the maturity date, his/ her nominee will get Higher of (i) the Sum Assured net of
all Deductible Partial Withdrawals, if any, from the Regular Premium Account ,
or (ii) the Regular Premium Fund Value at applicable unit price.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Policy terms: 15/20/25/30 years. Premium paying term : same as policy term. Sum Assured: 5
times the Annualized premium.
Guaranteed Maturity Addition of 8% of Regular Premium Fund Value on maturity.Eight
Investment Fund Options to choose from - Top-50 Fund, Top-200 Fund, Aggressive Flexi Fund,
Stable Flexi Fund, Bond Fund, Large Cap Equity Fund, Infrastructure Fund and Super Select
Equity Fund.
Capitalize on volatile market conditions by saving through Systematic Money Allocation &
Regular Transfer Investment.
TATA AIA Insurance Secure 7 Plan:Plan Nature
Traditional
About plan:
It is a limited premium paying Non-Linked Non-Participating Endowment Assurance Plan.
Basic Details
Minimum Entry Age
18 Years
Maximum Entry Age
55 Years
69 Years
Maximum Policy Term
14 Years
Minimum Premium
Rs. 40,000 p.a.
Minimum Sum Assured
Rs.2,50,000
Premium Paying Term
7 Years
Key Benefits
Benefits
Particulars
Description
Maturity
On maturity we will pay you 25% of Basic Sum Assured. This benefit is payable,
Benefits
provided the policy is in force, all due premiums have been paid and on survival of
insured till maturity.
Death
In case of unfortunate death of the Insured, before the maturity of the policy, Sum
Benefits
Assured on death is payable to the nominee/legal heir. Sum Assured on death shall
be the highest of the following: 1) 10 times the Annualised Premium2) 105% of
the Total Premiums Paid 3) Maturity Sum Assured 4) Basic Sum Assured.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Pay for just 7 years and receive a Guaranteed Annual Income for the next 7 years
Protection against uncertainties of life for the entire policy term.
Protection of the Guaranteed Annual Income against erosion due to inflation
On maturity, 25% of the Basic sum Assured is payable.
Tax Benefits available under Section 80C and 10 (10D)
TATA AIA Life Insurance Maha Raksha Supreme:Plan Nature
Traditional
About plan:
Tata AIA Life Insurance Maha Raksha Supreme, a non-linked, non-participating Term
Insurance plan, offers you a wide range of choices to fulfill your family's specific needs of
financial protection.
Basic Details
Minimum Entry Age
18 years
Maximum Entry Age
70 years
80 years
Minimum Sum Assured
Rs.5000000
Minimum Policy Term
10 years
Maximum Policy Term
40 years
Key Benefits
Benefits
Particulars
Description
Death Benefits
Upon death of the insured during the term of the policy, provided the
policy is inforce, the death benefit payable to the Nominee will be equal
to:. The Basic Sum Assured, plus. Additional Sum Assured under Life
Stage Plus option, if any, less. Payout Accelerator Benefit already paid, if
anyThe Policy will terminate upon death of the insured and no other
benefit under the policy shall be payable.
Surrender Benefit
There is no surrender benefit in this plan for Regular pay option.On

choosing Single Pay option, you can surrender your policy any time during
the policy term but only after completion of one policy year.The Surrender
Value for Single Pay Option = 75% (Policy Tern less Policy duration in
complete years)/Policy Term Single Premium
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Choose the type of protection you need.Pure Protection Cover - the simplest form of life
insurance cover .Extra Protection Cover - insuance cover combined with an inbuilt Waiver of
Premium, which ensures the continuity of your life insurance cover in case of Total Permanent
Disability.
Choose an option to enhance your protection cover in the future. with Life Stage Plus Option,
you can increase cover at future milestone events in your life without the hassles of fresh medical
underwriting
Inbuilt Payout Accelerator Benefit advances 50% of Basic Sum Assured in the event of a
Terminal Illness diagnosis, to help with expenses when needed most.
Pay as Single Premium or as Regular Premiums to suit your convenience
Discounted rates for female lives
Discounted rates for a non-smoking lifestyle
Choose from an array of riders for additional protection
Tax benefits u/s 80C & 10(10D) of the Income-Tax Act, 1961.
TATA AIA Group Life Protector Plus:Plan Nature
Traditional
About plan:
Group Life Protector Plus is designed for members of Employer Employee Groups and
members/customers of Groups such as Banks, Financial Institutions and other business concerns
with moderate financial obligations to help them ensure financial support for their family.The
plan is offered through a group insurance policy issued to the organization (Group Policyholder).
Customers/Members of the organization are enrolled on either voluntary or compulsory
participation basis under the group insurance policy as individual insured members.
Basic Details
Minimum Entry Age
18 years
Maximum Entry Age
55 years
Maximum Sum Assured
Rs 25000
Minimum Policy Term
3 years
Maximum Policy Term
10 years
Key Benefits
Benefits
Particulars
Description
Surrender
No Surrender benefit is payable on surrender of the scheme, except in
Benefit
exceptional circumstances such as closure of the scheme, dissolution of the

group etc. However in case of Individual member, surrender value will be
paid on termination or resignation of the memberof the Employer-employee
group.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Low premium Rates- Double insurance Benefits for accidental Death- Hassle Free
Enrolment - Simple Enrolment form no medical test.- One time premium payment no renewal
premium.- Flexible sum insured - up to Rs.5 lac in units of Rs. 25000.- Flexible Term - 3 to 10
years.- Simple & faster claim processing.- No Waiting period -24 /7 workwide comverge form
day 1- Tax exempton for premium paid under the income tax act, section 80 C.- Tax free
insurance proceeds under the income tax Act , Section 10 (10 D).
RETIREMENT PLANS: TATA AIA Nirvana:Plan Nature
Traditional
About plan:
The Nirvana retirement plan is a flexible policy that allows you to choose your retirement
age (from 50 to 65 years).
Basic Details
Minimum Entry Age
18 YEARS
Maximum Entry Age
55 YEARS
Key Benefits
Benefits
Particulars
Description
Maturity
On maturity the entire Sum Assured will be paid
Benefits
Death Benefits
In the unfortunate event of death, a reduced Sum Assured is payable. This

benefit comes into effect if at least three annual premiums have been paid.
Tax Benefits
Section
Description
SEC 80 C
Section 80 CCC allows to individual, tax deduction for amount paid during the
financial year out of income chareable to tax, towards specified pension plan.
Maximum deduction allowed is Rs. 100,000.
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Sum Assured is payable on death during the accumulation stage or on vesting age.
A guaranteed 10% addition to the sum assured payable at the time of your death or vesting age if
your policy has been in force for 10 years.
A Reversionary bonus declared from the 5th policy anniversary and credited on each policy
anniversary.
A Terminal bonus is payable at the time of retirement or death (policy must be in force for a
minimum 10 years).
A maximum of one-third of your accumulated sum assured at vesting age can be commuted. The
remaining can be used purchase an annuity that pays a monthly pension for the rest of your (or
your beneficiary's) life.
TATA AIA Assure Golden Years Plan:Plan Nature
Traditional
About plan:
Assure Golden Years is an endowment policy that provides both safety and steady returns.
In the unfortunate event of your death, your dependants will receive the sum assured; otherwise
your savings will continue to grow. Should you live past the term of the policy, you will receive
both the sum assured as well as a host of bonuses.
Basic Details
Minimum Entry Age
18 years
Maximum Entry Age
50 years
Key Benefits
Benefits
Particulars
Description
Maturity Benefits
The Sum Assured plus revisionary bonus if any will be paid to you on
maturity.
Death Benefits
In case of your unfortunte death, the Sum Assured plus revisionary bonus if
any will be paid to the nominee.
Surrender Benefit
The Guaranteed Surrender Value, which refers to guaranteed cash value of

the policy is equal to 30% of the total amount of premiums of the basic
policy paid, excluding the first year premium of the basic policy, and all
extra premiums of the basic policy if any provided the premium has been
paid for at least three consecutive years.
Tax Benefits
Section
Description
SEC 80 C

taxable income
SEC 80 CCC
Maximum deduction allowed is Rs. 100,000
SEC 10 (10)
A (3)
Tax Act, 1961.
Plan Speciality
A guaranteed addition of 10% of the sum assured if the policy has been in force for 10 years or
more, is payable on death or maturity.
A reversionary bonus is payable on death or maturity.
A Terminal bonus paid on maturity or death if the policy has been in force for a minimum 10
years.
Reversionary and Terminal bonuses are non-guaranteed and are dependent on Company
performance.
TATA AIA Easy Retire:Plan Nature
Traditional
About plan:
Easy Retire an individual immediate annuity, the ideal solution to convert your corpus to
regular income. The regular income helps you cope with the expenses that continue even when
you stop working and in fact increase with age as a result of mounting health bills and increasing
prices.Easy Retire is an immediate annuity plan with Return of Purchase Price (RoPP) which can
be purchased through a single premium payment. The plan provides for annuity payments which
are paid throughout the life time of an annuitant.
Basic Details
Minimum Entry Age
21 years
Maximum Entry Age
80 years
Minimum Premium
Rs 50000
Key Benefits
Benefits
Particulars
Description
Maturity
Nil
Benefits
Death Benefits
In this plan the annuity is paid to the annuitant throughout his/her life. On the
death of the annuitant the purchase price is returned to the nominee.
Loan against
No loan will be available under this plan
policy
Surrender
Benefit
No surrender permitted under this plan.
Tax Benefits
Section
Description
SEC 80 CCC
SEC 10
(10)D
Tax Act, 1961.
Plan Speciality
Tata AIG Life insurance company ltd present Tata Aig life easy Retire an individual immediate
annuity the ideal solution to convert your corpus to regular income.The regular income helps you
cope with the expenses that continue even when you stop working and in fact increase with age
as a result mounting health bills and increasing prices.
Incentives available for higher purchases price.
TATA AIA Apex Pension 20:Plan Nature
ULIP
About plan:
It provides a platform ensuring the upside potential of the equitymarkets while safe
guarding the investors interest by offering a highest NAV guarantee on maturity. In addition to
this, the product offers a Return on Premium Guarantee on Death and Vesting.
Basic Details
Minimum Entry Age
20years
Maximum Entry Age
55years
Minimum Premium
Rs48000
Minimum Policy Term
20years
Premium Paying Term
10terms
Key Benefits
Benefits
Particulars
Description
Death Benefits
In case of an unfortunate event of the death the Fund Value i.e. sum of fund
value of Apex Pension 20 Investment Fund and Apex Pension 20 Return
Lock-in Fund of this Policy at the applicable Unit Price
Vesting Benefit
On survival to the end of the policy term we will pay youThe Fund Value of
this Policy at the applicable Unit PriceThe Guaranteed Maturity Unit Price
multiplied by the numberof Units of the Apex Pension 20 Return Lock-in
Fund as on theVesting Date.
Surrender
policy can be surrendered within first three policy years. However, the fund
Benefit
value less the relevant surrender charges is kept aside and will be payable at
the end of 3 policy year.
Tax Benefits
Section
Description
SEC 80 CCC
SEC 10 (10)
Under Section 10 (10) A (iii), any payment received by way of commutation of
A (3)
pension plans is exempt from tax.
Plan Speciality
Each premium, net of applicable charges, is allocated to theApex Pension 20 Investment Fund.
On the immediate next reset date, the amount in Apex Pension20 Investment Fund will be
transferred to Apex Pension 20Return Lock-in Fund using the unit price determined as of 3p.m.
on that day.
Your money there-after remains invested in the Apex Pension 20 Return Lock-in Fund where a
daily Unit Price shall bedetermined by us.
TATA AIA Apex Pension:Plan Nature
Traditional
About plan:
Tata AIG Life Apex Pension, a Unit Linked Pension plan It provides a platform ensuring
the upside potential of the equitymarkets while safe guarding the investors interest by offering
the highest NAV guarantee on maturity. In addition to this, the product offers a Return on
Premium Guarantee on Death and Vesting.
Basic Details
Minimum Entry Age
30years
Maximum Entry Age
60years
Minimum Premium
Rs48000
Minimum Policy Term
10years
Key Benefits
Benefits
Particulars
Description
Death Benefits
In case of an unfortunate event of the death of thepolicyholder we will pay the

fund value i.e. sum of fund value of Apex Pension Investment Fund and Apex
Pensionet Lock-in Fund of this Policy at the applicable Unit Price.
Additional
Premiums paid under this plan are eligible for tax benefits as per Income Tax
Benefits
Act, 1961, and are subject to modification made thereto from time to time.
Please consult your tax advisors for taxation matters.
Vesting Benefit
On survival to the end of the policy term we will pay the Fund Value of this
Policy at the applicable Unit Price.The Guaranteed Maturity Unit Price
multiplied by the numberof Units of the Apex Pension Return Lock-in Fund
as on theVesting Date.
Surrender
Upon request from policyholder, policy can be surrenderedwithin first three
Benefit
policy years. However, the fund value less the relevant surrender charges is
kept aside as monetary value and will be payable at the end of 3rd policy
year.Surrender Benefit after three policy Upon surrender, the Surrender Value
shall be the Fund Value at theapplicable Unit Price less applicable Surrender
Charges, if any.
Tax Benefits
Section
Description
SEC 80 CCC
SEC 10 (10)
Under Section 10 (10) A (iii), any payment received by way of commutation of
A (3)
pension plans is exempt from tax.
Plan Speciality
Your single premium, net of applicable charges, is allocated tothe Apex Pension Investment
Fund.
On the immediate next reset date, the amount in Apex PensionInvestment Fund will be
transferred to Apex Pension ReturnLock-in Fund using the unit price determined as of 3 p.m.
onthat day.
Your money there-after remains invested in the Apex Pension Return Lock-in Fund where a
daily Unit Price shall bedetermined by us.
HEALTH PLANS: TATA AIA Health First:Plan Nature
Traditional
About plan:
Health First provides you with security by guaranteeing a lump sum irrespective of your
medical bills. You can purchase this policy while your existing medical insurance policy is still
in force and renew it until age 64 without additional medical examinations.
Basic Details
Minimum Entry
18 years
Age
Maximum Entry
60 years
Age
Key Benefits
Benefits
Particulars
Description
Maturity Benefits
Nil
Death Benefits
In the unfortunate event of your death, coverage of Rs. 10,000 is

provided to protect your family.This benefit is payable if no other
benefit has been claimed for. Policy can be purchased from 1 to 10
units.
Loan against policy
No loan facility available.
Tax Benefits
Section
Description
SEC 80 C

taxable income.
SEC 10
Maturity and Death Benefits are tax free under section 10 (10) D of the Income Tax
(10)D
Act, 1961.
SEC 80 D
Under Section 80 D premium up to Rs 10,000 (Rs.15,000 for senior citizens) are

allowed as deduction from taxable income.
Plan Speciality
Daily Hospitalization Benefit (DHB): During hospitalization, we will pay an allowance of Rs.
2,500 per day.
Surgical Benefit: A lump sum of Rs. 1,25,000 is paid for specified surgical procedures. We pay
the complete amount, even if the procedures costs less. This benefit is payable only if DHB is
payable.
Post-hospitalization Benefit: After hospitalization, we will pay Rs. 1,250 a day for follow-up
treatment (up to a maximum of 3 days). This benefit is payable only if DHB is payable.
Critical Illness Cover: You get Rs. 12.50 lakhs in the case of first diagnoses of specified of the
12 critical illnesses.
Death Benefit: In the unfortunate event of your death, coverage of Rs. 10,000 is provided to
protect your family.This benefit is payable if no other benefit has been claimed for.
Policy can be purchased from 1 to 10 units.
Opportunity to bring you additional income on funds that might have otherwise given you
minimum returns in your savings account, subject to market performance.
TATA AIA Hospi Cash Back:-
Plan Nature
Traditional
About plan:
Tata AIG Life Hospi Cash Back is one of a kind policy that pays you fixed benefits for
expenses arising through hospital charges, care charges, ambulance charges and other expenses
right from Day 1 of hospitalization.Multiple Claims are also possible under the plan, with the
guarantee that you will get your premiums refunded on maturity, and also a Guaranteed Addition
on your premiums if you so choose.
Basic Details
Minimum Entry Age
18Years
Maximum Entry
55Years
Age
Maximum Policy
15Years
Term
Maximum Premium
15Years
Maximum Maturity
70Years
Age
Key Benefits
Tax Benefits
Section
Description
SEC 10
(10)D
Act, 1961.
SEC 80 D

Plan Speciality
Tata Aig life hospi cash back is one of a kind policy that pays you fixed benefits for expenses
arising through hospital charges,care charges abulance charges and other expenses right from
day 1 of hopitalization.- Your cover starts from day 1 of hospitalization.- Guaranteed Return of
premium on maturity,irrespective of number of claims made.- Pre- Existing illness cover after 24
moths of continuous renewal with us.
TATA AIA Group Health Plus:Plan Nature
Traditional
About plan:
Group Health Plus is offered to the customers/members of Employers, Banks, Financial
Institutions and other business concerns through a group insurance policy issued to the
organization, who is called the Group Policyholder. Customers/Members of the organization are
enrolled on either voluntary or compulsory participation basis under the group insurance policy
as individual insured members.
Basic Details
Minimum Entry Age
18 years
Maximum Entry Age
64 years
Minimum Sum Assured
Rs 25000
Maximum Sum Assured
Rs 500000
Minimum Policy Term
3 years
Maximum Policy Term
5 years
Key Benefits
Benefits
Particulars
Description
Maturity Benefits
Nil
Death Benefits
Nil
Loan against policy
Tax Benefits
Section
Description
SEC 80 C

taxable income.
SEC 10
(10)D
Act, 1961.
Plan Speciality
Coverage for 12 critical illnesses.- Competitive group premium rates.- Flexible sum
insured from Rs. 25000 to Rs. 500000.- Flexible short to medium term options - 3/4/5 Years.Easy Enrollment - Simple Enrolment Form, No Medical Examination.- One time premium
payment, no renewal premium.
TATA AIA Health Investor:Plan Nature
Traditional
About plan:
With Health Investor from Tata AIG Life, life does not have to come to a standstill.
Because the financial cover it offers plays a large role in contributing to your peace of mind and
subsequent recovery.Whats more, if you are fortunate enough never to be diagnosed with a
Critical Illness, the premiums you pay will never go to waste as they will be refunded in case
there is no claim.
Basic Details
Minimum Entry Age
18 years
Maximum Entry Age
55 years
Key Benefits
Benefits
Particulars
Description
Maturity
Nil
Benefits
Death
In case of death, during the policy period, the nominee will get the Sum Assured
Benefits
(or Total Premiums Paid, whichever is higher).
Loan against
policy
Surrender
You can surrender your plan after three years' premiums have been paid for, in
Benefit
full. In this case, the minimum Guaranteed Surrender Value that you are entitled
to is 30% of theTotal Premiums Paid excluding the premium for the first policy
year.
Tax Benefits
Section
Description
SEC 80 C

taxable income.
SEC 10
(10)D
Act, 1961.
Plan Speciality
Lif doest not have to come to a standstill. Because the financial cover it offers playsa large role
in contributing to your peace of mind and subsequent Recovery.Lumpsum benefit on diagnosis
of 12 critical illnesses.
The critical illnesses covered under this policy include Benign tumour,Paralysis,Parkinsons
Disese, Total bilndness,cancer stroke ,heart attack,Chronic Renal Failure , Cornary bypass
surgery, Heart valve Surgery , Aorta surgery and Recipient of major organ transplant of heart
lung liver,kindney,pancreas or bone marrow.
TATA AIA Invest Assure Health:Plan Nature
ULIP
About plan:
Tata AIG Life Invest Assure Health. This plan is a unit linked investment plan to suite
your needs and priorities and to help you to achieve your financial goals along with a
comprehensive health policy that gives you total coverage to help you recover worry-free when
you are ill.
Basic Details
Minimum Entry Age
18 Years
Maximum Entry Age
55 Years
Minimum Policy Term
10 Years
Maximum Policy Term
40 Years
65 Years
Key Benefits
Benefits
Particulars
Description
Maturity
On survival to the end of the policy term, you will receive the total fund value
Benefits
which is equal to the value of the regular premium account plus the value of the
top-up premium account valued at applicable unit price.
Loan against
Policy loan is not allowed in Tata AIG Life InvestAssure Health.
policy
Partial
This plan offers you to withdraw from your fund. The withdrawals are allowed
Withdrawal
from the 6th policy year and only if there is any major covered member.
Benefit
Minimum partial withdrawal is Rs. 5,000 and the total fund value after any
withdrawal should be such that the surrender value does not fall below an
amount equal to one annual regular premium.
Tax Benefits
Section
Description
SEC 10
(10)D
Act, 1961.
SEC 80 D

Plan Speciality
Flexible Policy Term: You may choose policy term from 10 years to 40 years depending on your
needs
Six Fund Options: WL Mid-Cap Equity Fund, WL Aggressive Growth Fund, WL Stable Growth
Fund, WL Income Fund, WL Short-Term Fixed Income Fund, Large Cap Equity Fund.
Minimum issue age of 18 years (5years for the child) and Maximum issure age of 55 years
(17years for the child) with maximum maturity age of 65 years.
Minimum premium: For policy term 10-14, higher of 9 times of level morbidity charge or Rs
18,000. For policy term 15-40, Higher of 7 times of level morbidity charge or Rs 18,000
Daily Hospital Benefit Limit: Rs 500 - 3000 (in multiples of 500) per day.
Double Benefit if hospitalization occurs in ICU.
Optional health coverage for spouse and dependent children.
Benefit inflation by 5% on sum assured of daily hospital and surgical benefit from second year
onwards up to a maximum of 150% of the sum assured.
CLAIM SETTLEMENT PROCESS:-
Filing a Life Insurance Claim

Claim settlement is one of the most important services that an insurance company can
provide to its customers. Insurance companies have an obligation to settle claims promptly. You
will need to fill a claim form and contact the financial advisor from whom you bought your
policy. Submit all relevant documents such as original death certificate and policy bond to your
insurer to support your claim. Most claims are settled by issuing a cheque within 7 days from the
time they receive the documents. However, if your insurer is unable to deal with all or any part
of your claim, you will be notified in writing
Types of claims
Maturity Claim
On the date of maturity life insured is required to send maturity claim / discharge form and
original policy bond well before maturity date to enable timely settlement. Most companies
offer/issue post dated cheques and/ or make payment through ECS credit on the maturity
date. Incase of delay in settlement kindly refer to grievance redressal.
Death Claim (including rider claim)

In case of death claim or rider claim the following procedure should be followed.
Follow these four simple steps to file a claim

Claim intimation/notification
The claimant must submit the written intimation as soon as possible to enable the
insurance company to initiate the claim processing. The claim intimation should consist of basic
information such as policy number, name of the insured, date of death, cause of death, place of
death, name of the claimant. The claimant can also get a claim intimation/notification form from
the nearest local branch office of the insurance company or their insurance advisor/agent.
Alternatively, some insurance companies also provide the facility of downloading the form from
their website.
Documents required for claim processing

The claimant will be required to provide a claimant's statement, original policy document,
death certificate, police FIR and post mortem exam report (for accidental death), certificate and
records from the treating doctor/hospital (for death due to illness) and advance discharge form
for claim processing. Based on the sum at risk, cause of death and policy duration, insurance
companies may also request some additional documents.
Submission of required documents for claim processing

For faster claim processing, it is essential that the claimant submits complete
documentation as early as possible. A life insurer will not be able to take a decision until all the
requirements are complete. Once all relevant documents, records and forms have been submitted,
the life insurer can take a decision about the claim
Settlement of claim
As per the regulation 8 of the IRDA (Policy holder's Interest) Regulations, 2002, the insurer
is required to settle a claim within 30 days of receipt of all documents including clarification
sought by the insurer. However, the insurance company can set a practice of settling the claim
even earlier. If the claim requires further investigation, the insurer has to complete its procedures
within six months from receiving the written intimation of claim.
Claim intimation
In case a claim arises you should:
Contact the respective life insurance branch office.
Contact your insurance advisor
Call the respective Customer Helpline
Claim requirements
Death (all causes of death)
Death Certificate issued by a local government body like Municipal Corporation / Village
Panchayat
Medical Records (Admission Notes, Discharge/Death Summary, Indoor Case Papers, Test
Reports etc)
Original Policy document
Claimant's Photo ID with age proof & relationship with the Insured along with Address proof of
the claimant and Cancelled cheque with name and account number printed or cancelled cheque
with copy of Bank Passbook / Bank Statement
If no nomination - Proof of legal title to the claim proceeds (e.g. legal succession paper).
If Death due to Accident (to be submitted in addition to the above)
Postmortem report (Autopsy report) & Chemical Viscera report - if performed
All Police Papers Panchnama, Inquest, First Information Report (FIR) and Final Investigation
Report
Newspaper cutting / Photographs of the accident - if available
Hospitalization & Critical Illness Claim
Copies of Hospital Bills for the confinement & Copies of all related clinical Reports pertaining
to the claim event
Attested True Copy of Indoor Case Papers of the hospital
Discharge summary of present and past hospitalizations
Photo Identity of insured with age and address proof
Bank Details of the claimant Cancelled cheque (with printed name and account number) / bank
passbook and NEFT Form
Medical Examination Certificate (First Consultation Notes)
All related clinical Reports pertaining to the claim event
Laboratory test reports
X-Ray / CT Scan / MRI Reports & Plates
Ultrasonography Report
Histopathology Report
Clinical / Hospital Reports
Angiography Reports & Plates
Others (please specify)
Certificate of Diagnosis
All follow-up Consultation Notes in relation to the hospitalized condition.
If hospitalisation is due to accidental causes (submit in addition to the above)
Reason for delay in intimation.
All police reports / First Information Report & Final Investigation Report
Proof of accident - Panchnama / Inquest report
Newspaper cutting / Photographs of the accident - if available.
Newspaper cutting, if any
Disability and Dismemberment Claim
Attested True Copy of Indoor Case Papers of the hospital
Discharge Summary of present and past hospitalizations
Bank Details of the claimant Cancelled cheque (with printed name and account number)/bank
passbook and NEFT Form
All related Medical Examination Reports, e.g.
Disability Certificate by attending physician / Institute for disabled
Rehabilitation Certificate - if applicable
Employer's written confirmation / statement - for Disability claim
Clinical Photographs showing the injured areas - if available

Hospitalization is due to accidental causes (submit in addition to the above)
All police reports / First Information Report & Final Investigation Report - if due to accidental
cause
Cashless Claim
(Hospi Cash, IA Health and Health First Policies only)
Health Card
Discharge summary of present and past hospitalizations
Hospital Bills for the confinement
All related clinical Reports pertaining to the claim event:

o
Histopathology Report
Angiography Reports & Plates
Others (please specify)
Certificate of Diagnosis
For Maturity Claims:
Original Policy Bond

Maturity Claim Form88
Claim Settlement Ratio:-
TOTAL CLAIMS (2012-13)
CLAIMS PAID(nos.)
CLAIM PAID RATIO
4884
4125
84.46%
We believe every claim is a fulfillment of a promise that we have made to our policy
holders. We are committed towards securing the future of your loved ones in a quick and
efficient manner.
Our Claims settlement ratio: 84.46% (As per IRDA Annual Report FY 2012-2013)
Total claims (2012-13) is 4884.
Claims paid (nos.) by 4125.
Interpretation of claim settlement ratio

Claim Settlement Ratio refers to the 84.46 % of claims settled by an Insurance Company
against the number of claims submitted.
For Ex: If 100 people submit claims and the company pays 80 of them, the Claim Settlement
Ratio is 80%
And in AIA prudential the claim settlement ratio is 84.46% its show the ability that from the 100
application are settled in all the plan.

Tata Aia

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Submitted To:- Ms.Dipali patel

Submitted By:- Akhani Ronak

Tata AIA Life introduces 5 mobile insurance Apps

AWARDS AND ACHIEVEMENTS:May 2006

Tata AIA Life Insurance Company bags World Finance Pension

Policies and plans:Term plans:

Maximum Entry Age

Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from

Tax Act, 1961.

TATA AIA Ayushman Yojana:Plan Nature

Minimum Sum Assured

Maximum Sum Assured

Minimum Entry Age

Maximum Entry Age

Loan against policy

Policy can be surrendered any time. Applicable Cash Value will be

Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction

TATA AIA Life IRaksha Supreme

Regular Pay 10 yearsSingle Pay 10 yearsLimited Pay 5 years - 10

yearsLimited Pay 10 years - 15 years

Regular Pay 40 yearsSingle Pay 40 yearsLimited Pay 5 years - 40

yearsLimited Pay 10 years - 40 years

Limited - 5/10 years

made subject to the policy being in force.

Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from

Tax Act, 1961.

TATA AIA Sampoorn Bima Yojana:Plan Nature

Minimum Policy Term

Minimum Sum Assured

Maximum Sum Assured

Minimum Entry Age

Maximum Entry Age

Premium Paying Term

Sum assured is paid to the policyholder's nominee

Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from

Tax Act, 1961.

CHILD PLANS: TATA AIA Assure 21 Years Money Saver:Plan Nature

Maximum Entry Age

Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from

Tax Act, 1961.

TATA AIA Assure Career Builder:Plan Nature

Maximum Entry Age

Maximum Maturity Age

Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from

Tax Act, 1961.

TATA AIA Assure Edu Care At 21 Plan:Plan Nature

Maximum Entry Age

On maturity Sum Assured will be paid. In addition to that a guaranteed payment

Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from

Tax Act, 1961.

TATA AIA Star Kid:Plan Nature

Minimum Entry Age

Maximum Entry Age

Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from

Tax Act, 1961.

TATA AIA Maha Life Gold:Plan Nature

Minimum Entry Age

Maximum Entry Age

Under Section 80 C premiums up to Rs. 100,000 are allowed as deduction from

Tax Act, 1961.

SAVINGS & INVESTMENT PLANS: TATA AIA Invest Assure II Plus:-