Overview
Tata AIA Guaranteed Return Insurance Plan by Tata AIA Life Insurance is a savings plan with assured life cover. With this plan, you can build wealth with guaranteed returns and enjoy life coverage throughout the policy term.
With this plan, you can choose a premium payment term mode to maximize your savings or pay a lump sum amount as a single pay. Under the endowment option, a percentage of the Guaranteed Maturity Benefit will be accrued each policy year and shall be paid at maturity. What's more, the plan allows you to add your spouse to the same policy with a joint life cover feature. You can even customize the plan for additional protection and increase life cover with multiple rider options.
Tata AIA Guaranteed Return Plan offers you a range of benefits including:
- Choice of 3 plan variants
- Guaranteed maturity benefit
- Guaranteed additions
- Choice of multiple policy terms
- Choice of rider options
-
Key Features
- Step 1
Visit the official website of PolicyX.com.
- Step 2
Click on the ‘Investment’ tab.
- Step 3
A new page will appear on the screen.
- Step 4
Fill out the form at the top of the page with the necessary details.
- Step 5
Select your income and city. Click on 'Proceed'.
- Step 6
Update your education and occupation details.
- Step 7
Choose your preferred plan and click on 'Buy this plan'.
- Step 8
Select the policy term, premium period, investment amount, and riders (if required), and then proceed to pay.
Benefits of the Tata AIA Guaranteed Return Plan
There are various benefits to buying the Tata AIA Guaranteed Return Plan. Let’s understand each of them in detail:
- Death Benefit:
Upon life-insured untimely death during the policy term, and the policy is in force, the sum assured on death payable may vary as per the plan option you chose at policy inception.
- Maturity Benefit:
Once you survive till the end of the policy term and your policy matures, a lump sum benefit equal to the guaranteed maturity benefit, along with the accrued guaranteed additions (GA), shall be payable.
- Regular Income:
If the policyholder survives until the policy matures and all premiums are paid on time, a guaranteed annual income shall start as a percentage of one annualized premium.
- Surrender Benefit:
You can surrender your policy anytime during the policy term once your policy acquires a surrender value. The policy obtains a surrender value once you've paid the full premiums for the first two years.
Multiple Policy Terms
It offers a choice of multiple policy terms with limited premium payment terms
Joint life coverage
With the whole-life income option, add your spouse to the same policy and get coverage for two people.
Choice of Plan
Option
The plan offers a choice of 3 plan variants that cater to your financial needs: endowment, regular income, or whole-life income.
Whole Life Coverage
With the Tata AIA Guaranteed Income plan, you can stay protected with life cover for up to 100 years.
Inclusions
- Step 1 Visit the official website of Tata AIA Life Insurance.
- Step 2 Hover over the 'Plans' from the top of the menu.
- Step 3 Click on the ' Tata AIA Guaranteed Return Insurance Plan'.
- Step 4 Click on ‘Buy Now’ and you will be redirected to a new page.
- Step 5 Enter your name and contact information. One of their representatives will reach out to you and discuss the quotes.
- Step 6 Once discussed you can make the premium payment and get the policy documents.
Exclusions
- Suicide within 12 months of the policy purchase is not covered.
- Consumption of any intoxicants.
- Death due to any aviation accident.
- Death due to any adventurous sports.
Documents Required to Buy Tata AIA Guaranteed Return Insurance Plan
Here is the list of documents required to buy the Tata AIA Guaranteed Return Insurance Plan:
Photo ID Proof
Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.
Age Proof
Age Proof (either of one) - Passport, Aadhar 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).
Plan At a Glance
| What’s Good Here |
What’s Missing |
| Choice of 3 plan variants |
Premium Offset |
|
Guaranteed maturity benefits
|
Premium Discontinuance |
| Guaranteed additions |
Auto cover continuance |
| Choice of rider options |
Top-up premium |
In a nutshell
Tata AIA Guaranteed Return Insurance Plan is a savings plan that provides guaranteed income along with assured life cover. The plan allows you to choose between three different options as per your needs - lump sum (endowment), regular income, and whole-life income. Each variant is designed to serve long-term or short-term financial goals. If you are still not sure if this is worth spending money on, contact our insurance experts at PolicyX.com anytime for free advice. Our insurance experts can help you get all the answers you need quickly.
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