Non Linked, Non Participating Life Insurance Plan
Tata AIA Life’s Guaranteed Monthly Income Plan, provides financial protection for your family and a monthly income that meets tomorrow's requirements, thus helping you plan ahead towards your future needs and protection for your loved ones
Key Benefits of Tata AIA Guaranteed Monthly Income Plan
Receive Guaranteed monthly income1 for double the Policy term.
Applicable Large Premium Boost to increase your monthly income.
Choose Policy Term of 5/ 8/ 12 years
Life cover to protect your loved ones
Enhanced protection with optional Riders2
Tax benefits3 under Section 80C and 10(10D) of the Income Tax Act, 1961.
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1Guaranteed Monthly Income is a percentage of Total Premiums Paid, depending on the age at entry and the chosen Policy Term. It is payable in arrears for 10, 16 and 24 years for a policy term of 5, 8 and 12 years respectively, starting from the end of 1st month after the end of Policy Term .
Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs and the Surrender Value payable may be less than the all the Premiums Paid.
This product is underwritten by Tata AIA Life Insurance Company Ltd.
This plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.
Insurance cover is available under this product.
In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
2Riders are not mandatory and are available for a nominal extra cost. For more details on the benefits, premiums and exclusions under the riders please refer to the Rider Brochure or contact our Insurance Advisor or visit our nearest branch office.
3Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Tata AIA Life Insurance Company Ltd does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefit available to you.
For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
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