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Tata AIA Life Smart Income Plus Plan

Tata AIA Life Smart Income Plus Plan Insurance

You have always aspired for the best in life. So should be your financial planning to provide you with the best. Tata AIA Life ensures that it offers you superlative investment avenues for all time to come. Presenting, Tata AIA Life Insurance Wealth Maxima, a Unit Linked Individual, Whole of Life Insurance Savings Plan that maximizes your long term financial security.

Tata AIA Life insurance review

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 Smart Income Plus Plan Overview

Key Features
Eligibility

Key Features of Tata AIA Life Smart Income Plus Plan

Pay premiums once or for a limited period and get Insurance protection for your entire life
Regular Loyalty Additions1 are credited to the policy to boost your Investments
Flexibility to choose from 11 Fund options for enhanced investment opportunities
Option to customize your plan with three additional Unit Deducting Riders2
Choice of Enhanced Systematic Money Allocation & Regular Transfer Investment Portfolio Strategy
Top-up facility to further augment your portfolio
Flexibility of Partial Withdrawals after five policy years to meet your financial needs
Tax benefits3 u/s 80C and 10 (10D) of the Income Tax Act, 1961/li>

Eligibility Criteria of Tata AIA Life Smart Income Plus Plan

Particulars	Details
Minimum issue age	30 days
Maximum issue age	60 years
Maturity age	100 years

Brochure

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Policy wordings

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