Smart Value Income Plan
vs
Kotak Fortune Maximiser Plan
- Choose your coverage tenure
- Multiple sum assured options
- Enhance coverage with add-ons
| PLAN DETAILS |
 Smart Value Income Plan |
 Kotak Fortune Maximiser Plan |
| Premium Including GST | ||
| Key Features (Key features of the plan) |
|
|
| Plan Uniqueness |
|
|
| Plan Maturity age | 100 years | 85 years |
| Premium payment term | 5 to 12 years | 6, 8, 10, 12, 15 years |
| Plan Entry Age | Minimum Age - 45 years Maximum Age - 65 years | Min- 90 days, Max- 60 years |
| Sum assured | Death Benefit Multiple of 10 times Single Premium | No Limit |
| Premium payment frequency | Annual, half-yearly, quarterly & monthly | Yearly, Half-yearly, Quarterly and Monthly |
| Plan Sample Premium | - | No Limit |
| Plan Brochure | Brochure URL | Brochure URL |
| Policy tenure | 100 minus Entry Age | 85 years |
| Claim Settlement Ratio (2023-24) | Minimum Age - 0 year | Minimum Age - 5 year |
To Save More, Invest Smartly with the Tata AIA Smart Value Income Plan.
Tata AIA Smart Value Income plan, from Tata AIA Life Insurance, is a guaranteed savings plan that helps you build wealth with multiple return options. Under various premium payment terms, you can choose between a whole life cover of up to 100 years or a limited period of 10 to 50 years. The plan offers you the flexibility to choose from the following two plan options.
Cash Bonus - This option allows you to receive a regular cash bonus (if declared) from the first month.
Accumulated Cash Bonus - This option collects the cash bonus (if declared) till the end of the policy term and promises to be payable in a lump sum at maturity.
You can choose to receive a cash bonus in hand or a Sub-Wallet and withdraw the bonus fully or partially from the wallet at any time. Additionally, at the policy inception, you will have the option to choose the cash bonus on a “Special date” under option 1 ‘Paid-in Cash’ mode. The plan also allows you to stay protected against risk with additional financial support by adding optional riders to your base policy.
Tata AIA Smart Value Income Plan offers you a range of benefits including:
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