Tata AIA Life Insurance Good Kid

Good Kid Product Overview

A Non-Linked, Participating, Anticipated Endowment Plan with inbuilt Waiver of Premium benefit

As parents, we always strive to give our kids the best. We also aspire our children to be more enlightened and successful than us. To prepare them to take on opportunities that come their way, we must give them the required education. However, with the increasing cost of education due to inflation, this sometimes seems a challenge.

To help you realise your dream and ensure adequate funds are available to meet your child's needs, we present Tata AIA Life Insurance Good Kid that will help you move on with the growing needs of your child with Money Back Benefits and Milestone Additions, when it's exactly required; besides protecting your family from uncertainties. Invest today in this good plan to keep your kid's future good.

L&C/Advt/2016/Apr/261

Good Kid Key Features

  • Money Back Benefits for your child’s education and career needs
  • Milestone Additions @ 5% of Basic Sum Assured during the first 5 policy years
  • Get life cover of minimum 11 times the Annualised Premium for the entire policy term
  • Flexibility to enhance coverage through Accidental Death & Dismemberment (Long Scale) (ADDL) Rider
  • Growth of your corpus through Compounded Reversionary Bonus and Terminal Bonus, if any
  • Get Tax benefits U/s 80C and 10(10D), as per applicable tax laws

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Disclaimers

  • In this plan, nominee shall compulsorily be the child. In case of the death of the nominee (child) post issuance of the policy, life assured will have an option to nominate another child or any other legal heir (in case of no surviving child).
  • 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.
  • This product is underwritten by Tata AIA Life Insurance Company Ltd. This plan is not a Guaranteed Issuance plan and it will be subject to Company’s underwriting and acceptance.
  • Insurance cover is available under this product
  • Tax benefits and liabilities under the Policy are subject to prevailing tax laws. Tax laws and the benefits arising thereunder are subject to change. The Policyholder is advised to seek an opinion of tax advisor in relation to the tax benefits and liabilities applicable.
  • All Premiums are subject to applicable taxes, cesses & levies which will entirely be borne by the Policyholder and will always be paid by the Policyholder along with the payment of Premium. If any imposition (tax or otherwise) is levied by any statutory or administrative body under the Policy, Tata AIA Life Insurance Company Limited reserves the right to claim the same from the Policyholder. Alternatively, Tata AIA Life Insurance Company Limited has the right to deduct the amount from the benefits payable by Us under the Policy.
  • In case of submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines
  • Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Riders, please contact Tata AIA Life's Insurance Advisor/ branch.

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 or SMS 'LIFE’ to 58888

Tata AIA Life Insurance Company Ltd. (IRDA of India Regn. No.110) CIN No. U66010MH2000PLC128403; Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400013.

BEWARE OF SPURIOUS /FRAUD PHONE CALLS!

  • 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.