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Tata AIA Life Guaranteed Monthly Income Plan

Tata AIA Life’s Guaranteed Monthly Income Plan, provides financial protection for your family and a monthly income that meets tomorrow's requirements, thus helping you plan ahead towards your future needs and protection for your loved ones
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Tata AIA Life insurance review

Tata AIA Life Insurance plans
Distribution - Number of branches pan India (March 2019)
222
Entry Age Minimum/Maximum (Years) - Term Plans
18/70
Sum Assured Minimum / Maximum - Term Plans
50 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
10/40
Solvency Ratio (FY 2018-19) *
2.60
Number of Policies Sold (Ind+Group) *
478,182
Number of Lives Covered (Ind+Group) **
927,653
Claims Settlement Ratio (Ind+Group) ***
99.22%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Tata AIA Life Guaranteed Monthly Income Plan Overview

  • Key Features
  • Eligibility

Key Features of Tata AIA Life Guaranteed Monthly Income Plan

  • Receive Guaranteed monthly income1 for double the Policy term
  • Applicable Large Premium Boost2 to increase your monthly income
  • Choose Policy Term of 5/ 8/ 12 years
  • Life cover to protect your loved ones
  • Enhanced protection with optional Riders3
  • Tax benefits4 under Section 80C and 10(10D) of the Income Tax Act, 1961.

Eligibility Criteria of Tata AIA Life Guaranteed Monthly Income Plan

Minimum Maximum
Entry age (Last Birthday) 30 days 50 years
Maturity Age (Last Birthday) 18 years 70 years
Plan tenure 15 and 20 years
Premium payable Rs.2000 per month No limit
Premium Paying Term (PPT) Term 15 years – 7 years
Term 20 years – 10 years
Sum Assured Rs.114,482 Depends on the maximum premium paid
Premium payment mode Monthly

Brochure

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Policy wordings

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    InstantCover Insurance Web Aggregator Private limited
    710, 6th B Cross, 16th Main Road, Koramangala 3rd Block, Bangalore - 560 034.

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025