Tata AIA Gold Income Plan

Overview

The 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.

Key Benefits

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

• Increasing income with Income Boosters.
• Guaranteed income starting at 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.

How to Buy Tata AIA Gold Income Plan on PolicyX.com

1. Visit the official website of PolicyX.com.
2. Click on the 'Investment' tab.
3. A new page will appear on the screen.
4. Fill out the form at the top of the page with the necessary details.
5. Select your income and city. Click on 'Proceed'.
6. Update your education and occupation details.
7. Choose your preferred plan and click on 'Buy this plan'.
8. Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.

Benefits of Tata AIA Gold Income Plan

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

• Death Benefit: Upon the unfortunate demise of the life insured during the policy term, the Tata AIA Gold Income Plan will pay the 'Sum Assured on Death', which will be the 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: An 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.

How to Buy Tata AIA Gold Income Plan on Tata AIA Life Insurance Website

1. Visit the official website of Tata AIA Life Insurance.
2. Hover over 'Investment Plans' from the top menu.
3. Click on 'Tata AIA Gold Income Plan'.
4. Click on 'Buy Now' and you will be redirected to a new page.
5. Enter your name and contact information. A representative will reach out to you to discuss quotes.
6. Once discussed, you can make the premium payment and get the policy documents.

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

Any one of the following: Passport, Aadhaar card, PAN card, Driving license.

Age Proof

Any one of the following: Passport, Aadhaar card, PAN card, Driving license.

Address Proof

Any one of the following: Utility bill, passport, voter ID, ration card.

Medical Records

Medical records of the policyholder, if requested.

Income Proof

Any one of the following: Bank statement, last three months' salary slips (if you are salaried).

List of Riders Available in Tata AIA Gold Income Plan