Tata AIA Life Insurance Money Back Plus

Product Overview

A Non Linked Participating Endowment Assurance Plan

We at Tata AIA Life understand how important it is to plan ahead in order to fulfill dreams like family vacation, buying a house or plan ahead for important occasions such as children's education, planning their wedding or starting a business. In order to fulfill all these obligations, we work hard and ensure our investments come handy when we need them the most. Keeping this need in mind, we present to you a chance to experience the joy of securing your future needs with one important decision.

Presenting, Tata AIA Life Insurance Money Back Plus, a participating non linked money back Insurance plan, which caters to your need of periodic payouts at key stages in life along with life cover protection. This plan gives you the flexibility to choose from various term options to meet your financial commitments with the advantage of paying for only half the term along with enhanced savings with Bonuses throughout the term.

Make the right start with the "Tata AIA Life Insurance Money Back Plus" that will help you build a strong savings foundation with adequate financial protection so that you leave no stone unturned to add colors to your dreams!

L&C/Advt/2015/Aug/414

Key Features

  • Survival payouts of upto 130% of Sum assured1 at regular intervals throughout the term
  • Life cover throughout the policy term regardless of the survival payouts already paid
  • Additional protection in case of Accidental death through inbuilt Accident Benefit
  • Limited premium payment equal to half the policy term
  • Enhance your Savings through Compounded reversionary bonus & terminal bonus
  • Lumpsum Maturity addition to meet your needs
  • Tax benefits u/s 80C & 10(10D) of the Income-Tax Act, 1961

1 For more details on benefits please refer ‘What are your benefits?’ section in the sales brochure.

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Disclaimers

  • This product is underwritten by Tata AIA Life Insurance Company Limited. 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.
  • For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
  • 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.

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 PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

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.