Traditional Plans

Tata AIA Life Insurance Gold Income Plan

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.

Key Features

  • Get Guaranteed Maturity Benefit* at the end of policy term
  • Choose your Guaranteed Income* for 10 or 15 years
  • Receive Guaranteed Income* starting @ 12% of the Basic Sum Assured
  • Enjoy increasing income with Income Boosters of 5% to 10% on Guaranteed Income*, based on premium amount, premium paying term & income term chosen
  • Get higher Guaranteed Income* with higher annual premium payment
  • Pay for 5/12 years for policy term of 12/15 years
  • Enhance your protection with optional Riders^
  • Receive tax benefits u/s 80C and 10(10D), as per the applicable Income Tax laws**

Product Details

Death Benefit

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:

  • Eleven (11) times of Annualised Premium
  • 105% of all the premiums paid, (excluding the underwriting extra premiums and modal loading, if any), as on the date of death
  • Guaranteed Sum Assured on Maturity
  • Absolute amount assured to be paid on death

Where,
“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 Age5 Pay: 6 years – 77 years
12 Pay: 3 years – 70 years
Policy Term/ Premium Payment Term
Policy TermPremium Payment Term
125
1512
Pay ModeAnnual, Half-Yearly, Quarterly, Monthly
Minimum/Maximum PremiumMinimum: 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
  • *Guaranteed Returns are defined as Guaranteed Maturity Benefit equal to 100% of the Basic Sum Assured and ^Guaranteed Income is equal to 12% of Basic Sum Assured, shall commence from the end of year following Maturity which increases annually (compounding increase) by an Income Booster
  • Buying a Life Insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the Surrender Value payable may be less than all the Premiums Paid.
  • 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.
  • In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
  • ‘“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, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy”.
  • 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 benefit available to you.
  • Riders are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider(s), please refer to the rider brochure or contact Tata AIA Life's insurance advisor/branch. Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider (UIN:110B028V01) Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider (UIN:110B029V01).
  • DBS Bank India Limited (CA0257) is the Corporate Agent of Tata AIA Life Insurance Company Limited and does not underwrite the risk or act as an insurer. DBS Bank India Limited, Ground Floor, Express Towers, Nariman Point, Mumbai-400021. Participation by the Bank’s clients in the insurance products is purely on a voluntary basis. The contract of insurance is between Tata AIA Life and the insured and not between the bank and the insured.
  • 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 or SMS 'LIFE’ to 58888.

L&C/Advt/2018/Jan/072

Beware of Spurious Phone calls and Fictitious/Fraudulent offers. IRDA of India clarifies to public that:

  • IRDA of India or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDA of India does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

Disclaimer

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 customercareindia@dbs.com. Visit us at: www.dbs.com/in

UIN: 110N131V01

Get In Touch

Call Us: 1800 209 4555

Get In Touch

Call Us: 1800 209 4555

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