• Investment
  • Car
  • Bike
  • Taxi
  • Term Life
  • Health
  • Travel

Tata AIA Investment Plans

Traditional plans are non-linked and hence their investments are not affected by stock market volatility.

Types of Investment Plans offered by Tata AIA

Tata AIA Life Insurance Money Back Plus

This is a non-linked, participating endowment assurance plan.

Product Benefits

  • Survival payouts of up to 130% of Sum.
  • Life cover.
  • Additional protection for accidental death.
  • Limited premium payment.
  • Higher savings.
  • Lump sum maturity.
  • Tax benefits.

Eligibility Details

Minimum Maximum
Entry age2 years51 years
Maturity age18 years75 years
Sum AssuredRs. 2 lacsNo limit
Premium Paying Term (PPT)8/10/12 years-
Premium Paying FrequencyAnnual/semi-annual/monthly-
Policy Term 16/20/24 years-

How Plan works

Mr. Kumar, 35 years, chooses the policy term of 16 years and PPT of 8 years. The basic sum assured is Rs. 5 lacs with an annual premium of Rs. 59,110. On maturity, he will get Rs. 8,53,482 including survival benefit, compound reversionary bonus, and terminal bonus.

Tata AIA Life InsuranceSmart 7

This is a non-linked participating endowment assurance plan.

Product Benefits

  • Limited premium payment of 7 years.
  • Compounding annual bonus.
  • Maturity lump sum.
  • Life protection.
  • Additional bonus.
  • Enhanced protection rider.
  • Tax benefits.

Eligibility Details

Minimum Maximum
Entry age6 years55 years
Maturity age-67 years
Sum AssuredRs. 2 lacsNo limit
Premium Paying Term (PPT)7 years-
Premium Paying FrequencyAnnual/semi-annual/quarterly/monthly-
Policy Term 12 years-

How Plan works

Mr. Jalan, 25 years, opts for this plan. His basic sum assured is Rs. 10 lacs and annual premium is Rs. 1,52,260. The maturity benefit he will get is Rs. 16,27,915 including compound reversionary bonus and terminal bonus.

Tata AIA Life Insurance Smart Growth Plus

This is a non-linked, participating endowment assurance plan.

Product Benefits

  • Option 1 (Endowment Plan) and option 2 (Endowment plan with ADB).
  • Guaranteed additions of 5.5% p.a.
  • Policy term flexibility.
  • Accidental death benefit (ADB).
  • Growth of corpus.
  • Tax benefits.

Eligibility Details

MinimumMaximum
Entry ageOption 1- 0 years (30 days) Option 2 -18 years 50 years
Maturity age65 years
Sum AssuredRs. 1.5 lacsNo limit
Premium Paying Term (PPT)same as policy term-
Premium Paying FrequencyAnnual/semi-annual/monthly-
Policy Term10 to 30 years-
Minimum Premium Rs. 10,000-

How Plan works

Mr. Tendulkar, 25 years, took Option 1 with basic sum assured of Rs. 5 lacs and annual premium of Rs. 31,185. His total maturity benefit including guaranteed additions, compound reversionary bonus, and terminal bonus would be Rs. 17,08,151.

Tata AIA Life Insurance MahaLife Gold Plus

This is a participating whole life plan.

Product Benefits

  • Guaranteed annual coupons from 10th to 30th policy anniversary.
  • Non-guaranteed cash dividends annually from 6th policy anniversary till maturity.
  • Maturity benefit.
  • Death benefit.
  • Tax benefits.

Eligibility Details

Minimum Maximum
Entry age0 years (30 days)55 years
Maturity age85 years
Sum AssuredRs. 2 lacsNo limit
Premium Paying Term (PPT)15 years-
Premium Paying FrequencyAnnual/semi-annual/monthly-
Policy Term 85 years minus entry age-

How Plan works

Mr. Sharma, age 25, opted for this plan with a basic sum assured of Rs. 5 lacs and an annual premium Rs. 67,180. His maturity benefit including total guaranteed annual coupons, non-guaranteed cash dividends would be Rs. 32.8 lacs.

Tata AIA Life Insurance MahaLife Gold

This is a participating whole of life plan up to age 85.

Product Benefits

  • Guaranteed annual coupons 10th policy anniversary till maturity.
  • Non-guaranteed cash dividends from 6th policy anniversary till maturity.
  • Maturity benefit.
  • Death benefit.
  • Tax benefits.

Eligibility Details

Minimum Maximum
Entry age0 years (30 days)55 years
Maturity age-85 years
Sum AssuredRs. 1 lacsNo limit
Premium Paying Term (PPT)15 years-
Premium Paying FrequencyAnnual/semi-annual/monthly-
Policy Term85 years minus entry age-

How Plan works

Mr. Verma, age 25, opted for this plan with a basic sum assured of Rs. 5 lacs and annual premium Rs. 68,350. His maturity benefit including total guaranteed annual coupons, non-guaranteed cash dividends would be Rs. 32.22 lacs.

Tata AIA Life Insurance MahaLife Magic

This is a non-linked participating endowment assurance plan.

Product Benefits

  • Maturity benefit.
  • Death benefit.
  • Additional cover benefit.
  • Tax benefits.

Eligibility Details

Minimum Maximum
Entry age12 years55 years
Maturity age73 years
Sum AssuredRs. 2 lacsNo limit
Premium Paying Term (PPT)9 years-
Premium Paying FrequencyAnnual/semi-annual/monthly-
Policy Term18 years-

How Plan works

Mr. Pradhan, 25 years, opted for this plan with a basic sum assured of Rs. 10 lacs and annual premium of Rs. 1,22,070. His total benefits including maturity benefit, compound reversionary bonus, and terminal bonus would be Rs. 22,82,271.

Tata AIA Life Insurance Money Maxima

This is a non-linked participating endowment assurance plan.

Product Benefits

  • Guaranteed loyalty additions.
  • Maturity benefit.
  • Death benefit.
  • Tax benefit.

Eligibility Details

Minimum Maximum
Entry age12 years50 years
Maturity ageRs. 1 lac75 years
Sum AssuredNo limit
Premium Paying Term (PPT)Same as policy term-
Premium Paying FrequencyAnnual/semi-annual/monthly-
Policy Term 12 to 30 years-

How Plan works

Mr. Anand, age 25, opted for this plan with basic sum assured of Rs. 5 lacs, term 25 years and annual premium Rs. 30,000. His total benefit including guaranteed additions, simple reversionary bonus, terminal bonus and maturity benefit would be Rs. 17,50,500.

Tata AIA Life Insurance Diamond Savings Plan

This is a non-linked participating life insurance plan.

Product Benefits

  • Guaranteed income post PPT.
  • Vested compound reversionary bonus and terminal bonus.
  • Flexibility in PPT.
  • Life cover.
  • Enhanced protection with riders.
  • Tax benefits.

Eligibility Details

Minimum Maximum
Entry age0 years50 years
Maturity age 18 years75 years
Sum Assured11 times of the Annualised Premium-
PremiumMin. - 18,000/- p.a.No Limit
Premium Paying Term (PPT)8 years for Policy Term 18 and 12 years for Policy term 25-
Premium Paying FrequencyAnnual/semi-annual/ Quarterly/monthly-
Policy Term 18 years or 25 years-

How Plan works

Mr. Jaiswal, age 25, wants to have a secondary source of income to support his family. He opts for this plan with a policy term of 25 years, PPT of 12 years and annual premium of Rs. 1 lac. On maturity he will get Rs. 24,24,451 including last income instalment, compound reversionary bonus and terminal bonus.

Tata AIA Life Insurance Gold Income Plan

This is a non-linked, non-participating endowment assurance plan.

Product Benefits

  • Guaranteed maturity benefit.
  • Guaranteed income.
  • Increasing income.
  • Premium payment flexibility.
  • Enhanced protection.
  • Tax benefits.

Eligibility Details

MinimumMaximum
Entry agePPT 5 - 6 years PPT 12 - 3 years PPT 5 - 65 years PPT 12 -55 years
Maturity age18 years PPT 5 - 77 years PPT 12 - 70 years
Sum AssuredAnnual Premium x Basic Sum assured multiple PPT
Policy Term - Premium Paying Term (PPT)Policy term - 12 , 155, 12
Premium Paying FrequencyAnnual/semi-annual/quarterly/monthly-
Premium (annual)PPT 5 – 50,000 PPT 12 – 36,000 No limit

How Plan works

Mr. Manjrekar opts for this plan with a policy term of 12 years and an annual premium of Rs. 1 lac. The total benefit amount including guaranteed maturity benefit, guaranteed income, and income booster would be Rs. 9.3 lacs.

Tata AIA Life Insurance Smart Income Plus

This is a non-linked, non-participating endowment assurance plan.

Product Benefits

  • Income flexibility.
  • Guaranteed payouts from 120% to 160% of Annualised Premium.
  • Premium payment flexibility.
  • Enhanced protection.
  • Additional benefit for women.
  • Tax benefits.

Eligibility Details

Minimum Maximum
Entry age3 years50 years, PPT 15 - 65
Maturity age18 years-
PremiumFor Option I: 18,000 For Option II: 36,000 No Limit
Sum Assured11 times Annualised Premium-
Premium Paying Term (PPT)7 for PPT 15/10 for PPT 21/12 for PPT 25-
Premium Paying FrequencyAnnual/semi-annual/quarterly/monthly-
Policy Term 15/21/25-

How Plan works

Mr. Kapoor, age 35, wants guaranteed income and opts for this plan with a policy term of 21 years. The annual premium is Rs. 1 lac. The total benefit on maturity will be Rs. 17.55 lacs including guaranteed payouts, guaranteed maturity payout, and large premium boost.

Tata AIA Life Insurance Monthly Insurance Plan(MIP)

This is a non-linked participating endowment assurance plan

Product Benefits

  • Savings.
  • Protection for your family.
  • Liquidity.
  • Tax benefits.

Eligibility Details

Minimum Maximum
Entry age0 years to 30 days50 years
Maturity age18 years70 years
Sum AssuredRs. 1,14,482Depends on maximum premium
Premium Paying Term (PPT)Policy term 15 - 7/Policy Term 20 - 10-
Premium Paying FrequencyMonthly-
Policy Term 15 and 20 years-

How Plan works

Mr. Sethia, age 35, wants to create a higher education corpus for his 5-year old daughter. He opts for a 20 year term with a monthly premium Rs. 5000. On maturity he will get Rs. 8,44,872 with a guaranteed sum assured on maturity, accrued guaranteed yearly additions, vested compound reversionary bonuses, and terminal bonus.

Tata AIA Life Insurance Secure 7

This is a non-linked, non-participating endowment assurance plan.

Product Benefits

  • Limited premium.
  • Protection.
  • Enhanced cover.
  • Maturity benefit.
  • Tax benefit.

Eligibility Details

Minimum Maximum
Entry age1855 years
Maturity age-69 years
Sum AssuredRs. 2.5 lacsNo limit
Premium Paying Term (PPT)7 years-
Premium Paying FrequencyAnnual/Semi-annual/quarterly/monthly-
Policy Term 14 years-

How Plan works

Mr. Nayar, age 35, opts for this plan with basic sum assured of Rs. 5 lacs and an annual premium of Rs. 48,260. He will get a total guaranteed income of Rs. 3.38 lacs and a maturity benefit of Rs. 1.25 lacs.

Tata AIA Life Insurance MahaLife Supreme

This is a non-linked, non-participating endowment assurance plan.

Product Benefits

  • Limited premiums.
  • Option A and Option B depending on income required.
  • Guaranteed annual income.
  • Maturity benefit.
  • Enhanced protection.
  • Tax benefits.

Eligibility Details

MinimumMaximum
Entry ageOption A - 18 Option B - 18 Option A - 50 Option B - 50
Maturity age85 years80 years
Sum AssuredOption A - 10 X annualized premium Option B - 10 X annualized premium -
Premium Paying Term (PPT)Option A - 15 years/Option B 12 years-
Premium Paying FrequencyAnnual/Semi-annual/quarterly/monthly-
Policy Term Option A - 35 years/Option B 30 years-
Minimum Premium Option A - Rs. 15000/Option B - Rs. 20000-

How Plan works

Mr. Bedi, 35 years, opts for this plan with annual premium of Rs. 50,000 and basic sum assured of Rs. 5 lacs. He will get a guaranteed annual income of Rs. 52,000 and a maturity benefit Rs. 6,82,500.

Tata AIA Life Insurance Fortune Guarantee

This is a non-linked, non-participating endowment insurance plan

Product Benefits

  • Guaranteed maturity benefit
  • Life cover
  • Flexibility
  • Higher benefit for women
  • Enhanced protection
  • Tax benefits

Eligibility Details

Minimum Maximum
Entry age (years)PT(10)- 8 PT(11)- 7 PT(12)- 6 PT(15)- 3 PT(20)- 0 (30 days) PT(21)- 0 (30 days) -
Maturity age-
Sum Assured10 x annualized premium-
Premium Paying Term (PPT)PPT 10/11/12/15 - 5 years PPT 20/21 - 10 years -
Premium Paying FrequencyAnnual/Semi-annual/quarterly/monthly-
Policy Term (PT)10/11/12/15/20/21 years-
Annual Premium Rs. 50000No limit

How Plan works

Mr. Khaitan, age 35, opts for this plan with a sum assured of Rs. 10 lacs and annual premium of Rs. 1 lac. On maturity, he will get Rs. 10.05 lacs.

Tata AIA Life Insurance Insta Wealth Plan

This is a non-linked, non-participating endowment assurance plan

Product Benefits

  • No medical test.
  • Flexibility.
  • Guaranteed additions.
  • Compound bonus and terminal bonus.
  • Guaranteed cover.
  • Tax benefits.

Eligibility Details

MinimumMaximum
Entry age0 (30 days)45 years
Maturity age18 years65 years
Sum AssuredRs. 1 lacRs. 20 lacs
Premium Paying Term (PPT)PT(10) - 7 years PT(15) - 10 years PT(20) - 15 years -
Premium Paying FrequencyAnnual/Semi-annual/monthly-
Policy Term (PT)10/15/20 years-
Minimum Premium (annual)Rs. 10,000-

How Plan works

Mr. Singh, 35 years, opts for this plan with annual premium of Rs. 36,205 and basic sum assured of Rs. 5 lacs. He will get a maturity benefit Rs. 9,75,268

How to Apply for TATA AIA Investment Plans?

There are two ways to apply for these plans, namely online or through intermediaries like banks, brokers, and so on.

FAQs on Tata AIA Investment Plans

Why choose Tata AIA Investment Plans?

TATA AIA is a joint venture between Tata Sons and AIA group, both leaders in their individual sectors making these investment plans a wise choice.

Which is the best investment plan of Tata AIA Investment Plans 2018?

The best investment plan of TATA AIA would depend on your requirements. If you are looking for a secondary income source, then you can choose Tata AIA Diamond Savings Plan.

Which is the best Tata AIA Investment Plan for the long term?

TATA AIA Life Gold is the best long-term investment plan with life cover till age 85.

Why should I buy Tata AIA Investment Plans?

TATA AIA investment plans offer flexibility with regard to premium payments, income, and growth options.

How to pay premium? What are the modes of payment available?

The premium can be paid online and offline.

How can I check policy status for Tata AIA Investment Plans?

You can check your policy status by logging into the portal with your username and password.

Leave a rating!
4.8 (6 votes)