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

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 guaranteed savings plan that helps you build wealth with multiple return options. Under various premium payment terms, you can choose between a whole life cover of up to 100 years or a limited period of 10 to 50 years. The plan offers you the flexibility to choose from the following two plan options.

Cash Bonus - This option allows you to receive a regular cash bonus (if declared) from the first month.

Accumulated Cash Bonus - This option collects the cash bonus (if declared) till the end of the policy term and promises to be payable in a lump sum at maturity.

You can choose to receive a cash bonus in hand or a Sub-Wallet and withdraw the bonus fully or partially from the wallet at any time. Additionally, at the policy inception, you will have the option to choose the cash bonus on a “Special date” under option 1 ‘Paid-in Cash’ mode. The plan also allows you to stay protected against risk with additional financial support by adding optional riders to your base policy.

Tata AIA Smart Value Income Plan offers you a range of benefits including:

why-choose
  • Death benefits
  • Maturity benefits
  • Guaranteed additions
  • Cash bonuses
  • Survival benefits

Eligibility Criteria for Tata AIA Smart Value Income Plan

Your Occupation

Entry age

Minimum Age - 45 years Maximum Age - 65 years

Mukhyamantri Amrutam Yojana

Maturity age

100 years

Your Gender

Policy tenure

100 minus Entry Age

Maternity Benefit Rider

Premium payment term

5 to 12 years

Dr YSR Aarogyasri Trust

Premium payment frequency

Annual, half-yearly, quarterly & monthly

Maternity Benefit Rider

Sum assured

Death Benefit Multiple of 10 times Single Premium

How Does the Tata AIA Smart Value Income Plan Work?

Let's understand how the Tata AIA Smart Value Income Plan works with a simple premium illustration.

Why Buy Term Insurance Online?

Problem

Mrs. Verma is looking for an investment plan to create long-term wealth for her child.

Solution

Her financial advisor advised her to buy the Tata AIA Smart Value Income. She visited PolicyX.com

Features of Tata AIA Smart Value Income Plan

Here are some features of Tata AIA Smart Value Income Plan:

Tata AIA Investment Plans

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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

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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

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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

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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

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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

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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 the Tata AIA Smart Value Income Plan

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

  • Life Protect Feature With the life protect feature, you can restore the sum assured amount of the death benefit life on a reduced paid-up policy if unemployment or loss of income hampers your premium payments towards the policy.
  • Special Date: In this feature, you can select a special date to receive a cash bonus. However, the Special date feature can only be availed under option 1, ‘Paid-in Cash’ mode. The special date can be any date, such as the spouse’s birthday, parent’s anniversary, child’s birthday, 15th day of every month, etc.
  • Surrender Benefit: Policy surrender is not advisable, but if you have to surrender your Tata AIA Smart Value Income Plan, you can do so once your policy acquires surrender value. Under a Single Pay, the policy will acquire surrender value immediately upon payment of the single premium. Under the Regular or Limited Pay policy, surrender value will be acquired by paying a two-year premium.
  • Reduced Paid-Up: If you fail to pay the premium payment after the policy acquires a surrender value, the policy will continue as a ‘paid-up’ policy with reduced benefits. You even have a choice to opt for the ‘Life Protect’ option as described above.

Documents Required to Buy Tata AIA Smart Value Income Plan

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

Photo ID Proof

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

How to Buy Tata AIA Smart Value Income Plan?

You can buy the Tata AIA Smart Value Income 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 'Plans' from the top of the menu.

  • Step 3

    Click on the ' Tata AIA Smart Value Income 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 Smart Value Income Plan offline by visiting one of their nearest branch offices. One of their representatives will help you buy the plan.

Your Occupation

Exclusions of the Tata AIA Smart Value Income Plan

Given below are some exclusions of the Tata AIA Smart Value Income 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
Premium Offset Joint Life Coverage

Guaranteed maturity benefits

No High Sum Assured Rebate
Additional Bonuses  Large Premium Boost Discounts 
Life Protect Feature  Top-up premium

In a nutshell

Tata AIA Smart Value Income plan from Tata AIA Life Insurance is a guaranteed savings plan that offers multiple return options and helps you build wealth. At just up to ₹24,000 per annum, you can secure your family's future and create wealth with multiple return options. To learn more about this plan's features, visit PolicyX.com.

FAQs: Tata AIA Smart Value Income Plan

1. Can I make a partial withdrawal from the Tata AIA Smart Value Income Plan?

With the Tata AIA Smart Value Income plan, you can withdraw full or partial cash bonus amount from your Sub-Wallet at any time during the policy term.’

2. What is the Tata AIA Smart Value Income plan?

Tata AIA Smart Value Income plan is a guaranteed savings plan that helps you build wealth with multiple return options and simultaneously protect your family financially with whole-life coverage.

3. How long does the life cover last in the Tata AIA Smart Value Income plan?

Under the Tata AIA Smart Value Income plan, you can choose between a whole life cover of up to 100 years or cover for a limited period of 10 to 50 years.

4. What is the premium offset feature in the Tata AIA Smart Value Income plan?

The premium offset feature allows you to use a cash bonus to pay the policy premiums.

5. How many plan options are there in the Tata AIA Smart Value Income plan?

The plan offers you the flexibility to choose from the following two plan options: Cash Bonus or Accumulated Cash Bonus.

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.