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Name of the Life Assured 2 : NA I GST Rate: 4.5% for first year
am
Age (years) : red I am red 2.25% second year onwards
NA Gender:NA
I am red I am red
Policy Term (years) : 12
I am red I am red
Premium Payment Term (years) : 7
I am red I am red
Amount of Instalment Premium 104500
(Rs.): I am red I am red
Policy Details
Basic Sum Assured (First Death) Rs. 1475000
Policy Option Endowment
Basic Sum Assured (Second Death, if any) Rs. NA
Sum Assured on First Death (at inception of the policy) Rs. 1475000
Guaranteed Annual Income (GAI)* NA
Sum Assured on Second Death, if any (at inception of the policy) Rs. NA
Rider Details
Details of Life
Rider Name/UIN^ Insured/Partner under the Benefit Payout
Benefit Option Return of Benefit Premium Sum Premium p.a. Year 1
(Benefit
premium Option Payment Assured without GST Discount
Option/Benefit Income option Term Term (Rs.) (Rs.) (Rs.)
Payout Option) Name Age(yrs) Gender Lumpsum Income Duration
(Rs.) p.a.(Rs.)
(yrs)
Premium Summary
I am red Base Plan Riders Total Instalment Premium
Instalment Premium post applicable discount with First year GST (Rs.) 104500 0 104500
Instalment Premium with GST 2nd year onwards (Rs.) 102250 0 102250
(Amount in Rupees)
Guaranteed Non - Guaranteed
Other Benefits,
Survival if any Death
Policy Single/ Annualized Death
Benefit / (Guaranteed Benefit
Year Premium Maturity Benefit Min Guaranteed Special Surrender
Accrued Maturity (Second
Benefit (First Surrender Value Value
Guaranteed Benefit/ Death, if
Death)
Additions Guaranteed any)
Annual Income)
1 100000 34853 0 0 1475000 NA 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.
*Under Option III: The policyholder shall also be given the option to receive the Guaranteed Annual Income (GAI) on a monthly basis. This option has to be
chosen at inception and cannot be altered once chosen. The GAI illustrated above is the total amount payable in a year on selection of monthly mode and
1/12th of this amount will be payable monthly.
Income 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 benefits available to you.
I, ______________________________ (name), have explained I,______________________________ (name), having received the information
the premiums and benefits under the product fully to the prospect/ with respect to the above, have understood the above statement before entering
policyholder. into the contract.
Place: I am red
Date: Signature of Agent/ Intermediary/ Official Date: Signature of Prospect/ Policyholder