Tata AIA Life Insurance Value Income Plan

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

Features:

  • Flexibility of Income or Lump Sum benefit1
  • Accumulate Cash Bonuses2
  • Flexibility of Premium Payment Term and Policy Term
  • Flexibility to opt Extended Life Cover till Age 100
  • Tax Benefits applicable as per Income Tax laws*

Product Disclaimer:

  • 1Guaranteed Benefit depends on plan option chosen, age of the Life Assured, Premium Payment Term and Policy Term at inception of the policy. 2This plan provides a Cash Bonus or Accumulated cash bonuses, if declared payable at maturity along with Guaranteed Maturity Benefit. Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider (UIN: 110B028V03) & Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider (UIN: 110B029V02) are available under this plan. Riders are not mandatory and are available for a nominal extra cost. For more details on the benefits, premiums and exclusions under the rider please refer to the Rider Brochure or contact our Insurance Advisor /Intermediary or visit our nearest branch office. *Tax benefits would be available as per the tax laws, subject to fulfilment of conditions stipulated therein. Income tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you. Please consult your own tax consultant to know the tax benefits available to you. Tata AIA Life shall have the right to claim, deduct, adjust, and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. This product is underwritten by Tata AIA Life Insurance Company Limited. Buying a Life Insurance policy is a long-term commitment. An early termination of the policy usually involves high costs, and the surrender value payable may be less than the total premium paid. For more details on risk factor, terms and conditions under the product, please read Sales brochure carefully before concluding a sale. To know the exact details of premium and benefits under plan please go through the benefits illustration as provided to you. Insurance cover is available under this product. This plan is not a guaranteed Issuance plan and it will be subject to Company's underwriting and acceptance. In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines. (UIN: 110N153V01)

Disclaimer:

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

  • Tata AIA Life Insurance Company Limited (IRDAI Regn. No.110) CIN: U66010MH2000PLC128403. Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013. Trade logo displayed above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Company Ltd under a license. For any information including cancellation, claims and complaints, please contact our Insurance Advisor / Intermediary or visit Tata AIA Life’s nearest branch office or call 1-860-266-9966 (local charges apply) or write to us at customercare@tataaia.com. Visit us at: www.tataaia.com.

  • BEWARE OF SPURIOUS PHONE CALLS & FICTITIOUS / FRAUDULENT OFFERS

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


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

Last Updated on: 01-02-2023 11:58:35 AM

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