You are on page 1of 2

BENEFIT ILLUSTRATION

Tata AIA Life Insurance Smart Income Plus

Name of the Prospect / Policyholder: Abhishek Proposal No:

Age (years) : 36 Gender: Male Name of the Tata AIA Life Insurance Smart Income Plus
Product:
Name of the Life Assured: Abhishek Non-Linked Non-Participating Individual Life
Tag Line :
Insurance Savings Plan
Age (years) : 6 Gender: Male
Unique 110N126V04
Policy Term (years) : 21 Identification No.:
Premium Payment Term (years) : 10 GST Rate: 4.5% for first year
2.25% second year onwards
Amount of Instalment Premium(Rs.): 3431

Mode of Payment of Premium : Monthly

This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.

Policy Details
Policy Option Endowment Benefit Basic Sum Assured Rs. 396000
Sum Assured on Death (at inception of the policy) Rs. 396000

Rider Details

Rider Name (Benefit Option) UIN Sum Assured Term Premium Payment Term Premium without GST
(Rs.) (years) (years) (Rs.)
Tata AIA Life Insurance Waiver of Premium Plus 110B029V02 ** 10 10 1177
Rider
** The benefit equals all future premiums payable under the base policy from the date of claim for a period as specified in the policy contract.
Please refer the policy contract for more details.

Premium Summary
Base Plan Riders Total Instalment Premium
Instalment Premium without GST (Rs.) 3179 104 3283
Instalment Premium with First year GST (Rs.) 3322 109 3431
Instalment Premium with GST 2nd year onwards (Rs.) 3251 106 3357
(Amount in Rupees)
Guaranteed Non - Guaranteed

Survival Benefit Other Benefits


Policy Year Single/ Annualized Premium (Guaranteed Maturity Maturity Death Min Guaranteed Special Surrender
(Guaranteed Payout)/
Loyalty Additions Payout) Benefit Benefit Surrender Value Value
, if any
1 36000 0 0 0 396000 0 0
2 36000 0 0 0 396000 21600 35528
3 36000 0 0 0 396000 37800 57732
4 36000 0 0 0 396000 72000 82898
5 36000 0 0 0 396000 90000 111024
6 36000 0 0 0 396000 108000 146552
7 36000 0 0 0 396000 126000 181339
8 36000 0 0 0 396000 152640 225009
9 36000 0 0 0 396000 181440 273119
10 36000 0 0 0 396000 212400 325670
11 0 0 0 0 396000 223200 347875
12 0 0 0 0 396000 234000 377482
13 0 0 0 0 396000 244800 407088
14 0 0 0 0 396000 259200 436694
15 0 0 0 0 396000 270000 466301
16 0 0 0 0 396000 280800 503309
17 0 0 0 0 396000 291600 540317
18 0 0 0 0 396000 302400 584726
19 0 0 0 0 396000 313200 629136
20 0 370080 0 0 396000 0 680947
21 0 0 370080 370080 396000 0 0

Note: Annualized premium excludes underwriting extra premium, frequency loadings on premiums, the premium paid towards the riders, if any, and Goods
and Services Tax.

I, ................ (name), have explained the premiums and benefits I,............. (name), having received the information with respect to the
under the product fully to the prospect / policyholder above, have understood the above statement before entering into the
contract.

Place :
Date : Signature of Agent/ Intermediary / Official
Date : Signature of Prospect/ Policyholder

Unique Reference Number - L&C/Advt/2019/Nov/746

Tata AIA Life Insurance Company Ltd. (IRDA of India Regn No. 110) (CIN: U66010MH2000PLC128403)
Registered and Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai- 400013 Trade logo displayed
above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Company Ltd under a license. For more information, Call the Tata
AIA Life Insurance Company Ltd Helpline number1860-266-9966 (local charges apply) or Visit us at: www.tataaia.com

You might also like