Tata AIA Gold Income Plan: Features, Benefits & Premiums | PolicyX
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Gold Income Plan

Tata AIA Gold Income Plan is a non-linked individual life insurance sa ...Read More

🛡️ IRDAI Approved
4.0/5 · 63 reviews
📊 100 years solvency ratio
Minimum Age - 0 year% claim settlement ratio
🌐 Yearly, half-yearly+ pan-India

About Gold Income Plan

A quick read on what this Tata AIA Investment Plans term plan covers and why it might be a fit for you.

Tata AIA Gold Income Plan is a non-linked individual life insurance saving plan. This plan is designed to offer guaranteed returns and life insurance protection in return for minimal premiums. It is an ideal choice for individuals planning to fund their mid and long-term financial goals, as it allows you to multiply your earnings over the years.

This plan also combines a guaranteed lump sum on maturity, annual income boosters, and tax benefits, making it a comprehensive and attractive option for policyholders seeking stability and growth in their financial planning.

Tata AIA Gold Income Plan offers a range of benefits including:

  • Increasing income with Income Boosters.
  • Guaranteed income starting @12% of the basic sum assured.
  • Pay for 5 or 12 years for a policy term of 12 or 15 years.
  • Choose your guaranteed income for 10 or 15 years.

Eligibility Criteria for Gold Income Plan

Entry age
Entry age
Minimum 3 years, Maximum 65 years
Maturity age
Maturity age
Minimum 18 years, Maximum 77 years
Policy term
Policy term
12 years
Sum assured
Sum assured
Minimum 12 years, Maximum 15 years
Policy loan
Policy loan
Annual, Half-yearly, Quarterly, Monthly
Payment Modes
Payment Modes
Rs. 11,00,000

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Guaranteed income
  • Income booster available
  • Enhanced protection through riders

Cons

  • Suicide not covered
  • Air accidents not covered

Video reviews

Walkthroughs from the PolicyX team — pros, cons, real claim experiences and who should buy.

Why Are TATA AIA Term Plans Considered the Best in the Market? TATA AIA Term Insurance

Why Are TATA AIA Term Plans Considered the Best in the Market? TATA AIA Term Insurance

Are you searching for the most reliable and feature-packed term insurance plan? In this video, we uncover the reasons why TATA AIA Term Insurance Plans are rated among the best in the market.

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Minimum entry age - 3 years
Maximum entry age - 65 years
Sum assured - Annualised Premium x Basic SA Multiple
Maximum policy term - 15 years

Benefits of Gold Income Plan

There are various benefits to buying the Tata AIA Gold Income Plan. Let's understand each of them in detail:

  • Death benefits: Upon the unfortunate demise of the life insured during the policy term, Tata AIA Gold Income Plan will pay the 'Sum assured on death' highest of 11 times the Annualised Premium, 105% of the total premiums paid up to the date of death, the guaranteed Sum Assured on Maturity, and the absolute amount assured to be paid on death.
  • Maturity Benefit: Once the policy matures and all due premiums are paid, the Tata AIA Gold Income plan will pay 100% of the basic sum assured as a lump sum along with the guaranteed income of 12% of the basic sum assured.
  • Income booster plan: Income booster refers to an additional amount that will be added to the guaranteed income every year, depending on the premium slab.
  • Tax Benefit: You can avail of tax benefits for up to 1.5 lakhs under section 80C and 2.5 lakhs under section 10(10D) of the Income Tax Act 1961.

Documents Required for Gold Income Plan

Keep these documents handy when applying for Gold Income Plan.

Documents Required to Buy Tata AIA Gold Income Plan

Here is the list of documents required to buy the Tata AIA Gold Income Plan:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.

Age Proof

Age Proof (either of one) - Passport, Aadhaar card, PAN card, Driving license.

Address Proof

Address Proof (either of one) - Utility bill, passport, voter ID, ration card.

Medical Records

Medical Records of the policyholder if requested.

Income Proof

Income Proof (either of one) - bank statement, last three months' salary slips (if you are salaried).

Other Features of Gold Income Plan

Here are the key features of the Gold Income Plan.

List of Riders Available in Tata AIA Gold Income Plan

Name of RiderBenefits
Tata AIA Life Insurance Accidental Death and DismembermentThe nominee receives a lump sum benefit upon the life insured's demise during the policy term. If the life insured suffers an unfortunate accident resulting in severe injuries such as loss of limbs, eyesight, or other specific dismemberments, all future premiums for this plan will be waived.
Tata AIA Life Insurance Waiver of Premium PlusIf the policyholder is diagnosed with any of the listed critical illnesses, all future premiums of the plan will be waived. If an accident leads to the life insured being totally and partially disabled, the future premiums of the plan will be waived.
Tata AIA Life Insurance Non-Linked Comprehensive Protection RiderThis rider provides an additional sum along with the sum assured of the main policy.
Tata AIA Life Insurance Non-Linked Comprehensive Health RiderThis rider provides a lump sum benefit upon the diagnosis of any of the listed critical illnesses, such as cancer, heart attack, stroke, kidney failure, and many more. It also offers hospitalisation benefits such as daily hospital cash benefits, ICU benefits, and post-hospitalization recovery benefits.

Tata AIA Gold Income Plan: FAQs

The 4 most-asked questions about Gold Income Plan, answered.

You can expect between 4% to 8% returns.
Yes, it is one of the best saving plans, offering increasing monthly income payout.
The minimum age to purchase this plan is three years.
You can claim tax benefits under sections 80C and 10(10D) under this plan.

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

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