Tata AIA Life Insurance Smart Income Plus

Yes, an endowment policy is a type of savings plan. This policy pays out the maturity benefits as a lump sum when the policy matures instead of a regular income.

A limited premium payment term involves paying premiums for a limited number of years rather than the entire tenure of the life insurance policy. After the premium payments have been completed, the policy remains in force for the remaining tenure, and you continue receiving the policy benefits.

The guaranteed income under a savings plan is paid out on policy maturity. However, the payout of the maturity benefit is subject to your (the insured’s) survival until policy maturity. Therefore, you can receive these benefits as per a payout frequency selected at policy inception.

No specific age or stage in life is the correct time to get a savings life insurance plan. However, every savings plan has a minimum and maximum entry age, which you should remember before purchasing the policy.

The decision to get a savings insurance plan, or any other type of insurance, should be based on your individual needs. When deciding whether to get a savings plan, some factors to consider might include your current and future financial goals, age and health, dependents, and responsibilities.

Yes, all life insurance plans, including savings insurance plans, come with tax benefits. The premiums paid towards your policy will qualify for tax deductions under Section 80C of the Income Tax Act. The death/maturity benefit, payable as applicable, qualifies for tax exemptions under Section 10(10D) of the Income Tax Act (subject to prevailing tax guidelines and conditions).

The maximum entry age for the Tata AIA Life Insurance Smart Income Plus is 65 years. The minimum entry age is 0 years (30 days) subject to minimum maturity age of 18 years

The rider/riders can be added to the savings plan on policy inception. However, each rider will incur an additional but nominal premium cost.

The maximum policy term you can choose under this savings plan is 51 years for regular Income option and 50 years for endowment option, during which your family can receive guaranteed life insurance coverage.

To raise a claim for your savings plan, choose any of the following channels to contact us:

● Email us at: customercare@tataaia.com

● Call our helpline number – 1860-266-9966 (local charges apply) ● Walk into any of the Tata AIA Life Insurance Company branch offices ● Write directly to us at:

The Claims Department,

Tata AIA Life Insurance Company Limited

B- Wing, 9th Floor,

I-Think Techno Campus,

Behind TCS, Pokhran Road No.2, Close to Eastern Express Highway, Thane (West) 400 607.

IRDA Regn. No. 110

In case your nominee does not reside in India, they can courier all the necessary documents to their representative in India. This person can visit any of our office branches and submit the documents to file the claim. For an online claim, the nominee can simply upload attested copies of these documents online or send them to us via email.

You or your nominee can visit us and file an offline claim at any of the Tata AIA office branches. It can be the same office branch from where the savings plan was purchased or a branch nearest to you.

Please click here to know the list of documents needed for the claim intimation and settlement process.