Make your retirement, a long paid vacation.

Ensure your next chapter of life during

your retirement is exciting and full of happy memories.

Re tireme n t so l u ti o n s

Tata AIA Life Insurance

Saral Pension Reasons to Buy
A Single Premium, Non-Linked, Non-Participating, Individual, Immediate Annuity Plan

r
Guaranteed* Annuity Annuity Rate Single & Joint One time No Medicals
for Whole of Life Guaranteed* for Life Life Option investment

*Conditions apply
Sample Illustration
Option 1: Life Annuity with Return Option 2: Joint Life Last Survivor Annuity with
Plan Option of 100% of Purchase price (ROP) Return of 100% of Purchase Price (ROP)
on death of the last survivor
Primary Secondary Purchase Annuity Payout Amount Annuity Payout Amount
Annuitant Annuitant Price (R)
Age (years) Age (years) Monthly (R) Annual (R) Monthly (R) Annual (R)
40 40 10,00,000 5,440 68,000 5,384 67,300
50 50 10,00,000 5,536 69,200 5,488 68,600
60 60 10,00,000 5,696 71,200 5,624 70,300
70 70 10,00,000 5,648 70,600 5,696 71,200

The above annual annuity amount is for primary annuitant male and secondary annuitant female, standard life for purchase price exclusive
of applicable taxes, cesses & levies.

Plan at glance:
The plan offers two annuity options as follows:

Annuity Plan Options Option 1: Life Annuity with Return of 100% of Purchase price (ROP)
Option 2: Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor
An annuity option once selected cannot be changed.
Eligibility Criteria Minimum Maximum
For Other than PoS: 80 years
Option 1
For PoS: 70 years
Entry Age # 40 years
For Other than PoS: 80 years
Option 2
For PoS: N/A
Annuity Purchase Price Option 1 Corresponding to the minimum annuity No Limit subject to Board Approved
Option 2 amount as specified below Underwriting Policy
Annually 12,000
Annuity Payout (Rs.) Half-yearly 6,000 No Limit
Quarterly 3,000
Monthly 1,000
Premium payment period Single Premium
Any reference to Age is as on last birthday. For Joint Life policy, the minimum entry age restriction needs to be complied by the youngest of the two lives and the
#

maximum entry age restriction needs to be complied by the oldest of the two lives.

Annuity can be taken by NPS subscribers subject to terms and conditions prescribed by Pension Fund Regulatory and Development Authority (PFRDA) as applicable
from time to time with the following benefits –

1. 2% discount in premium

2. Exemption from GST on premium vide Noti˜cation No. 12/2017 Central Tax (Rate) dated 28.06.2017 Sl No. 28. Heading 9971 or Heading 9991

Disclaimers:
• *The word Guaranteed and Guarantee means the annuity payout is fixed at inception of the policy and will be payable for whole of life or till death of the Annuitant(s). IRR
is a discount rate that makes the net present value (NPV) of all cash flows equal to zero in a discounted cash flow analysis.
• All Premiums, Charges, and interest payable under the policy are exclusive of applicable taxes, duties, surcharge, cesses or levies which will be entirely borne/ paid by
the Policyholder, in addition to the payment of such Premium, charges or interest. Tata AIA Life shall have the right to claim, deduct, adjust and recover the amount of any
applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy.
• 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. Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Life Insurance Saral Pension is only
the name of the Life Insurance
• 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.
• For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.

(UIN: 110N159V08) • L&C/Advt/2024/Mar/0639

Tata AIA Life Insurance Company Limited ( IRDAI Regn. No.110) CIN: U66010MH2000PLC128403. Registered & 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 any information including cancellation, claims and complaints, please contact our Insurance Advisor / Intermediary or visit
Tata AIA Life’s nearest branch office or call 1-860-266-9966 (local charges apply) or write to us at customercare@tataaia.com. Visit us at: www.tataaia.com.
BEWARE OF SPURIOUS PHONE CALLS IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums.
AND FICTITIOUS / FRAUDULENT OFFERS Public receiving such phone calls are requested to lodge a police complaint.