Tata AIA Life Insurance MahaLife Magic

MahaLife Magic Product Overview

You are the hero for your family and they look up to you, but have you adequately provided for taking care of all their needs? Be it your child's education, a marriage in the house, or even your own retirement planning, having the right amount of resources at the right time is the key to success. Wouldn't it be great to have a savings plan which can magically create a kitty for your various life needs in a reasonable time?

Presenting Tata AIA Life Insurance MahaLife Magic, a limited premium paying Non-Linked Participating Endowment Assurance Plan. This is a unique saving plan in which you pay for a short period and stand to gain by maximizing the growth of your money.

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Mail us for any product information or queries on product.helpline@tataaia.com


MahaLife Magic Key Features

  • Pay for just 9 years and receive a lump sum amount at maturity
  • Bonuses to augment your maturity amount
  • Potential for upside with the bonus components
  • Protection against uncertainties of life for the entire policy term
  • Option to enhance protection through rider
  • Tax Benefits available under Section 80C and 10 (10D) of the Income-Tax Act, 1961


  • This product is underwritten by Tata AIA Life Insurance Company Limited.
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
  • Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. 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 benefit available to you.
  • Service Tax, Swachh Bharat Cess & TDS are applicable as per governing laws. Tata AIA Life Insurance company Limited reserves the right to recover/deduct from the policyholder, any levies and duties (including Service Tax,Swachh Bharat Cess & TDS),as imposed by the government from time to time. Kindly refer to the Sales Illustration for the exact premium.
  • Past performance is not indicative of future performance.
  • In case of sub-standard lives, extra premiums will be charged as per our underwriting guidelines
  • Insurance cover is available under this product.
  • Riders are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life's insurance Website/Advisor/branch.

For complete details please visit Tata AIA Life's nearest branch office or call 1800-267-9966 (toll free) and 1860-266-9966 (where 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) Registered & Corporate Office Address: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 400013.


IRDA of India clarifies to public that

  • IRDA of India or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDA of India does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.