Diamond Savings Plan
  • Compound Reversionary Bonus
  • Large Scale Discounts
  • Guaranteed Income
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Customized Investment Plan for you.

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Diamond Savings Plan

Boost your savings with life cover: Get a quote for Tata AIA Diamond Plan Today. Tata AIA Diamond Savings Plan is a protection and savings-based life insurance plan with a guaranteed income option. The plan offers dual benefits of guaranteed income during the policy term and growth of investments through annual bonuses. It includes a compound reversionary or terminal bonus at the end of each financial year if any is declared. Along with guaranteed savings or income, you can stay protected against accidental death, disability, or critical illnesses by adding add-on riders to your base policy. Tata AIA offers a special discount on the assured benefit for policyholders if they opt for a hefty premium.

Tata AIA Life Insurance Diamond Savings Plan offers you a range of benefits including:

why-choose
  • Guaranteed Benefits
  • Tax Benefits
  • Flexibility
  • Surrender Benefit
  • Long-term income option
  • Additional riders

Eligibility Criteria for Diamond Savings Plan

Your Occupation

Entry age

Min- 0 years, Max- 50 years

Mukhyamantri Amrutam Yojana

Maturity age

Min- 18 years, Max- 75 years

Your Gender

Policy tenure

18 to 25 years

Maternity Benefit Rider

Premium payment term

8, 12, 18, 25 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Monthly, Quarterly, Half-Yearly or Annually

Maternity Benefit Rider

Sum assured

11 times of the Annualised Premium

Additional Riders You Can Choose With Tata Diamond Savings Plan

Name of the rider Benefits
Tata AIA Accidental Death and Dismemberment Rider Get an additional sum assured amount in the event you suffer a total and permanent disability due to an accident.
Tata AIA Waiver of Premium Rider Under this rider, all your future premiums of the basic policy shall be waived in the event of the insured person death or totally and permanently disabled

Features of Diamond Savings Plan

Here are some features of Diamond Savings Plan:

Tata AIA Investment Plans

Boost your savings with life cover: Get a quote for Tata AIA Diamond Plan Today. Tata AIA Diamond Savings Plan is a protection and savings-based life ...

Unique Features

  • Compound Reversionary Bonus
  • Large Scale Discounts
  • Guaranteed Income

Diamond Savings Plan (Pros)

Diamond Savings Plan
  • Guaranteed Maturity Benefit
  • Compound Reversionary
  • Terminal Bonus

Diamond Savings Plan (Cons)

Diamond Savings Plan
  • No Plan Options
  • No High Sum Assured Rebate
  • No Auto Cover Continuance
  • Guaranteed Additions

Diamond Savings Plan (Other Benefits)

Diamond Savings Plan
  • Guaranteed Death Benefit
  • Guaranteed Income
  • Large Scale Discounts

Diamond Savings Plan (Eligibility Criteria)

Diamond Savings Plan
  • Minimum entry age- 0 year
  • Maximum entry age- 50 years
  • Sum assured- 11 times of the Annualised Premium
  • Maximum policy term- 25 years

Tata AIA Gold Income Plan is a non-liked individual life insurance saving plan. This plan is designed to offer guaranteed returns and life insurance p...

Unique Features

  • Get guaranteed income
  • Income booster available
  • Enhanced protection through riders

Gold Income Plan (Pros)

Gold Income Plan
  • Get guaranteed income
  • Income booster available
  • Enhanced protection through riders

Gold Income Plan (Cons)

Gold Income Plan
  • Suicide does not covered
  • Air accidents not covered

Gold Income Plan (Other Benefits)

Gold Income Plan
  • Increasing income with Income Boosters
  • Guaranteed income starting @12% of basic SA
  • Pay for 5/12 years for policy term of 12/15 years

Gold Income Plan (Eligibility Criteria)

Gold Income Plan
  • Minimum entry age- 3 year
  • Maximum entry age- 65 years
  • Sum assured- Annualised Premium x Basic SA Multiple
  • Maximum policy term- 15 years

Invest smartly with Tata AIA Smart Income Plus – secure savings, guaranteed income, and financial security. A wise man once said, 'Be ready for ...

Unique Features

  • Income/Endowment Option
  • Premium Boost Discounts
  • 2 Optional Riders

Tata AIA Smart Income Plus Plan (Pros)

Tata AIA Smart Income Plus Plan
  • Income/Endowment Option
  • Premium Boost Discounts
  • 2 Optional Riders

Tata AIA Smart Income Plus Plan (Cons)

Tata AIA Smart Income Plus Plan
  • Suicide within 12 months not covered
  • Consumption of any intoxicants
  • Death due to any aviation accident
  • Death due to any adventurous sports

Tata AIA Smart Income Plus Plan (Other Benefits)

Tata AIA Smart Income Plus Plan
  • Guaranteed Maturity Benefit
  • Flexibility to choose plan options
  • Guaranteed Death Benefit
  • Regular Income

Tata AIA Smart Income Plus Plan (Eligibility Criteria)

Tata AIA Smart Income Plus Plan
  • Minimum entry age- 0 year
  • Maximum entry age- 50 years
  • Sum assured- 11 times Annualized Premium
  • Maximum policy term- 25 years

Tata AIA Fortune Guarantee Plus by Tata AIA Life Insurance is an individual non-linked life insurance savings plan. It is designed to provide the dual...

Unique Features

  • Guaranteed annual income
  • Joint life option
  • 2% online discount for women

Fortune Guarantee Plus (Pros)

Fortune Guarantee Plus
  • Guaranteed annual income
  • Joint life option
  • 2% online discount for women

Fortune Guarantee Plus (Cons)

Fortune Guarantee Plus
  • Death due to any aviation accident
  • Death due to adventurous sports
  • Suicidal death

Fortune Guarantee Plus (Other Benefits)

Fortune Guarantee Plus
  • Choice of income period
  • Option to choose joint life policy
  • Return of premium option

Fortune Guarantee Plus (Eligibility Criteria)

Fortune Guarantee Plus
  • Entry Age: Minimum Age - 1 year Maximum Age - 60 years
  • Maturity Age: 77 years

Tata AIA MahaLife Gold is a traditional life insurance savings plan offered by Tata AIA Life Insurance. It offers whole-life coverage up to the age of...

Unique Features

  • Whole life coverage
  • Paid annual income
  • Guaranteed amount on maturity

Tata AIA MahaLife Gold (Pros)

Tata AIA MahaLife Gold
  • Whole life coverage
  • Paid annual income
  • Guaranteed amount on maturity

Tata AIA MahaLife Gold (Cons)

Tata AIA MahaLife Gold
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Tata AIA MahaLife Gold (Other Benefits)

Tata AIA MahaLife Gold
  • Tax benefits
  • Death benefits
  • Maturity benefits

Tata AIA MahaLife Gold (Eligibility Criteria)

Tata AIA MahaLife Gold
  • Minimum entry age- 30 days
  • Maximum entry age- 65 years
  • Sum assured- No limit
  • Maximum policy term- 100 minus entry age

Invest Smartly with Tata AIA Monthly Income Plan – Guaranteed Income and Assured Life Cover. Tata AIA Life Insurance Guaranteed Monthly Income P...

Unique Features

  • Large Premium Boost
  • Guaranteed Monthly Income
  • 3D cover

Tata AIA Guaranteed Monthly Income (Pros)

Tata AIA Guaranteed Monthly Income
  • Large Premium Boost
  • Guaranteed Monthly Income
  • 3D cover

Tata AIA Guaranteed Monthly Income (Cons)

Tata AIA Guaranteed Monthly Income
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Tata AIA Guaranteed Monthly Income (Other Benefits)

Tata AIA Guaranteed Monthly Income
  • Death Benefits
  • Maturity Benefits
  • Guaranteed Additions

Tata AIA Guaranteed Monthly Income (Eligibility Criteria)

Tata AIA Guaranteed Monthly Income
  • Minimum entry age- 6 years
  • Maximum entry age- 13 years
  • Sum assured- 11 times the Annualised Premiums
  • Maximum policy term- 12 years

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 guarantee...

Unique Features

  • Whole Life Cover
  • Life Protect Feature
  • Premium Offset Benefit

Tata AIA Smart Value Income Plan (Pros)

Tata AIA Smart Value Income Plan
  • Whole Life Cover
  • Life Protect Feature
  • Premium Offset Benefit

Tata AIA Smart Value Income Plan (Cons)

Tata AIA Smart Value Income Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Tata AIA Smart Value Income Plan (Other Benefits)

Tata AIA Smart Value Income Plan
  • Death Benefits
  • Maturity Benefits
  • Tax Benefits

Tata AIA Smart Value Income Plan (Eligibility Criteria)

Tata AIA Smart Value Income Plan
  • Minimum entry age- 45 years
  • Maximum entry age- 65 years
  • Sum assured- Death Benefit Multiple of 10 times Single Premium
  • Maximum policy term- 100 minus entry age

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 w...

Unique Features

  • 3 Plan Options
  • Whole Life Protection
  • Joint Life Cover

Tata AIA Guaranteed Return Insurance Plan (Pros)

Tata AIA Guaranteed Return Insurance Plan
  • 3 Plan Options
  • Whole Life Protection
  • Joint Life Cover

Tata AIA Guaranteed Return Insurance Plan (Cons)

Tata AIA Guaranteed Return Insurance Plan
  • No pre-existing condition
  • Suicidal exclusion
  • No auto-cover continuance

Tata AIA Guaranteed Return Insurance Plan (Other Benefits)

Tata AIA Guaranteed Return Insurance Plan
  • Guaranteed Additions
  • Maturity Benefits
  • Death Benefits

Tata AIA Guaranteed Return Insurance Plan (Eligibility Criteria)

Tata AIA Guaranteed Return Insurance Plan
  • Minimum entry age- 45 years
  • Maximum entry age- 65 years
  • Sum assured- Death Benefit Multiple x Annualized Premium
  • Maximum policy term- 13 years
Tired of Pushy Sales? Get Insurance, Your Way Tired of Pushy Sales? Get Insurance, Your Way

Benefits of Tata AIA Life Insurance Diamond Savings Plan

There are various benefits to buying the Tata AIA Life Insurance Diamond Savings Plan. Let’s understand each of them in detail:

  • Death benefits:Upon the insured person's unfortunate Death during the Policy is in force, the sum assured amount will be paid to the nominee.
  • Guaranteed Income: Tata AIA Diamond Savings Plan offers a guaranteed income option that allows you to pay a premium for a specific time. After the premium payment term, you'll receive a Guaranteed Income for a certain period.
  • Maturity Benefit:If all the premiums are paid fully at the end of the policy term, you shall receive a guaranteed lump sum maturity benefit. Please note that rider premiums, other taxes & charges will not be paid back.
  • Surrender Benefit:Policy surrender is not advisable, but if you have to surrender your Tata Diamond Savings Plan, you can do so after paying two full years' premium. You will either receive a higher Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV) on policy surrender.
  • Policy Loan:Under this policy, you can also take out a loan after the policy obtains the surrender value, but the loan amount should be 80% of the surrender value.

Documents Required to Buy Tata AIA Diamond Savings Plan

Here is the list of documents required to buy the Tata AIA Diamond Savings Plan:

Photo ID Proof

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

How to Buy Diamond Savings Plan?

You can buy the Diamond Savings Plan official website or one of their nearest branch offices.

Life Insurance
  • 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.

Life Insurance
  • Step 1

    Visit the official website of TATA AIA Life Insurance.

  • Step 2

    Hover over the 'Investment Plans' from the top of the menu.

  • Step 3

    Click on the 'Tata AIA Life Insurance Diamond Savings 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.

Buying from their branch office

You can buy the Tata AIA Life Insurance Diamond Savings Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Your Occupation

Exclusions of Tata AIA Life Insurance Diamond Savings Plan

  • 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.

Plan At a Glance

What’s Good Here What’s Missing
Guaranteed Maturity Benefits No Plan Options
Compound Reversionary/ Terminal Bonus No High Sum Assured Rebate
Guaranteed Death Benefit No Auto Cover Continuance
Large Scale Discounts No Limited Pay and Single Pay
Guaranteed Income Guaranteed Additions

In a nutshell

With the Tata AIA Diamond Savings plan, you can get guaranteed income after the premium payment term. It is ideal for those who want to build wealth for retirement. If you need more information about this plan, you can reach out to us at PolicyX.com. With our insurance experts' expertise, you get all of your answers in no time.

Tata AIA Diamond Savings Plan: FAQs

1. What is the Tata AIA Diamond Savings Plan?

Tata AIA Diamond Savings Plan is a protection and savings-based life insurance plan with a guaranteed income option.

2. What types of cash bonuses exist in the Tata AIA Diamond Savings Plan?

Tata AIA Diamond Savings Plan cash bonuses consist of compound reversionary and terminal bonuses.

3. How can I surrender my Tata AIA Diamond Savings Plan?

To surrender the Tata AIA Diamond Savings Plan, you must visit the nearby Tata AIA Life Insurance branch office.

4. Can I revive Tata AIA Diamond Savings Plan after two years of unpaid premiums?

Yes, you can revive your Tata AIA Diamond savings after two years.

5. What is the claim settlement ratio of Tata AIA Life Insurance?

In terms of the number of policies settled during 2022-23, Tata AIA Diamond Savings Plan has an impressive claim settlement ratio of 99.01%.

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

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Sahil Singh Kathait

Written By: Sahil Singh Kathait

A boy-in-squares bagging escapades of switching streets in groove & sensing musical airy-notes from 6 1". Under wayed nyctophile sketching the walls of life from the panorama of anime.