Non-Linked, Non-Participating, Endowment Assurance Plan
We, at Tata AIA Life, believe in protecting your dreams at various stages of life without compromising on your needs through financial resources. You do not have to think twice to live your dreams as they now come with guaranteed payouts.
We present to you, Tata AIA Life Insurance Gold Income Plan, a limited pay income plan that meets tomorrow's requirements along with protecting your loved ones and dreams as it ensures you of guaranteed returns* for the money invested. This plan not only offers Guaranteed Lump Sum* benefit on Maturity but also gives Guaranteed Income* during the income term that increases every year.
Investment in this plan helps you fulfill your medium to long term goals such as Child’s Education/ Marriage or Retirement planning.
On death of the Life Assured during the policy term, provided the Policy is in force and all due premiums have been paid, the Sum Assured on Death as defined below shall be payable.
The ‘Sum Assured on Death’ shall be the highest of the following:
“Annualised Premium” shall be the premium payable in a year chosen by the Policyholder, excluding the underwriting extra premiums and loadings for modal premiums, if any. Applicable taxes, cesses & levies shall be collected separately over and above the policy premiums.
"Guaranteed Sum Assured on Maturity" shall be equal to 100% of the Basic Sum Assured plus the commuted value of all future Guaranteed Income payable during the Income Term, discounted at 7.5% p.a.
Absolute amount assured to be paid on death is the “Basic Sum Assured”. “Basic Sum Assured” shall be equal to the Annualised Premium x Basic Sum Assured Multiple.
The policy will terminate upon the death of the insured and no other benefit under the policy shall be payable. Post maturity, on the death of Life Insured the outstanding income payments as scheduled, shall be made to the Nominee /legal heir(s) of the Life Insured.
Note: If a claim is payable under this Policy, any amount of due premium/s will be deducted from the amount of death benefit payable to the Nominee/Legal heir.
|Minimum/Maximum Issue Age (Age last birthday)||5 Pay: 6 years – 65 years |
12 Pay: 3 years – 55 years
|Maximum Maturity Age||5 Pay: 6 years – 77 years |
12 Pay: 3 years – 70 years
|Policy Term/ Premium Payment Term|
|Pay Mode||Annual, Half-Yearly, Quarterly, Monthly|
|Minimum/Maximum Premium||Minimum: 5 Pay – Rs. 50,000, 12 Pay – Rs. 36,000 |
Maximum: No Limit, subject to Board approved underwriting guidelines
|Basic Sum Assured||"Basic Sum Assured" shall be equal to the Annualised Premium x Basic Sum Assured Multiple|
DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the Registered office at GF: Nos. 11 & 12 & FF - Nos.110 to 115, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Composite Corporate Agent of Tata AIA Life Insurance Company Limited (IRDA of India Regn. No.110) CIN: U66010MH2000PLC128403 having the Registered office/principal place of business at 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Aditya Birla Sun Life Insurance Company Limited (IRDA of India Regn.No.109) CIN: U99999MH2000PLC128110 having the Registered office address at One India bulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013, Royal Sundaram General Insurance Company Limited (IRDA of India Regn.No.102) CIN: U67200TN2000PLC045611 having the Registered office address at No.21, Patullos Road, Chennai - 600002 and Bharti Axa General Insurance Company Ltd. having the Registered office address at First Floor Hosto Centre, No. 43, Millers Road, Vasanth Nagar, Bangalore - 560052. ISNP Registration valid.
DBS Bank India Limited does not underwrite the risk or act as an insurer. The Insurance products are offered and underwritten by respective insurance companies. The contract of insurance is between the insurer and the insured and not between the bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Customers are advised to take independent professional advice before participating. Insurance is a subject matter of solicitation.
For more details on risk factors, terms and conditions, exclusions, please read sales brochure of insurer and policy terms and conditions carefully before concluding a sale. Tax benefits are available as per the prevailing tax laws, which are subject to change. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis.
For any information including cancellation, claims and complaints, please contact our Treasures Relationship Manager or visit DBS Bank India’s nearest branch office or Contact our 24-hour toll free customer service helpline number 1-800-209-4555 / 1-800-103-9897 or our overseas customer service number 91-44-66854555 or write to us at firstname.lastname@example.org. Visit us at: www.dbs.com/in