At a Glance

Tata AIA Life Guaranteed Return Insurance Plan meets tomorrow's requirements along with protecting your loved ones and dreams as it ensures you of guaranteed returns*.

 

Features & Benefits

  • Flexibility to choose Plan Option: Endowment, Regular Income or Whole Life Income
  • Life cover for the financial protection of your loved ones
  • Guaranteed Additions1 to boost corpus year on year under Endowment Option
  • Flexibility to cover your spouse in same policy under Whole Life Income Option
  • Choice of Policy Term with limited Premium Payment Term
  • Enhance your protection with optional Riders2

Death Benefit:

In case of death of the Life Assured during the Policy Term, provided the policy is in force, the Sum Assured on Death as defined below shall be payable.

The ‘Sum Assured on Death’ shall be the highest of the following for Endowment, Regular Income option:

  • 10 times the Annualised Premium for age less than 45 years or 7 times the Annualised Premium for age 45 and above
  • 105% of the Total Premiums Paid up to date of Death
  • Guaranteed Maturity Benefit
  • Basic Sum Assured

The ‘Sum Assured on Death’ shall be the highest of the following for Whole Life Income option:

  • 1.25 times the Annualised Premium in case of Single Pay and 7 times the Annualised Premium in case of premium paying term of 5/10 years
  • 105% of the Total Premiums Paid up to date of death
  • Guaranteed Maturity Benefit
  • Basic Sum Assured

Where,

“Annualised Premium” shall be the premium paid in a year, excluding the taxes, rider premiums underwriting extra premiums and loading for modal premiums, if any.

“Basic Sum Assured” is equal to the Death Benefit Multiple times the Annualised Premium.

“Total Premiums Paid" means total of all premiums received, excluding any extra premiums, any rider premiums and taxes. 

‘Guaranteed Maturity Benefit’ shall be equal to the commuted value of all the GAI at maturity, discounted at 7.45% p.a. for premium paying term 10 years and 7.20% p.a. for premium paying term 12 years under Regular Income Option. For  Whole Life Income option, Guaranteed Maturity Benefit shall be equal to the Guaranteed Annual Income multiplied by the GMB factors provided in Annexure A.

"Total Premiums Payable" refers to an amount equal to the Annualised Premium multiplied by the Premium Payment Term of the policy.

 

Eligibility Criteria

  
Plan Options (to be selected at inception)Option 1: Endowment
Option 2: Regular Income
Option 3: Whole Life Income
Premium Payment Term (PPT) / Policy Term (PT) / Min / Max Entry Age (Age as on last birthday) / Single / Joint Life
OptionPremium Payment TermPolicy TermMin. Entry AgeMax. Entry AgeSingle / Joint Life
Option 1510860Single Life
612660
1020055
Option 21011755
1213555
Option 3Single Pay54565Single Life / Joint Life
554565
10104565
Basic Sum Assured“Basic Sum Assured” shall be equal to the Death Benefit Multiple x Annualised Premium.
Basic Sum Assured will vary by Plan Option, Entry Age and Policy Term.
Premium** (Rs.) (Premium in multiples of 1,000)Min: 24,000 per annum
Max: No limit, subject to underwriting
Premium Payment ModeSingle, Annual / Half-yearly / Quarterly / Monthly

All reference to age is as on last birthday.

 

Disclaimer

  • *Guaranteed Returns/Payouts depend on Plan Option, Policy Term, Premium Payment Term and Age at entry of the life assured and the plan option to be selected at the inception of the policy.
  • 1Guaranteed Addition defined as a percentage of GMB shall accrued at a simple rate for each completed policy year, throughout the Policy Term and shall be payable on Maturity or Death whichever is earlier, subject to all due premiums being paid. GA shall accrue @ 5% of GMB.
  • 2Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/Intermediary/ branch.
  • **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.
  • 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 the sales brochure carefully before concluding a sale

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

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Tata AIA Life Insurance Company Limited. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Insurance product is underwritten by Tata AIA Life Insurance Company Limited. 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. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank.

L&C/Advt/2021/Jun/0959

UIN: 110N152V08

Beware of Spurious / Fraud Phone calls!

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Disclaimer

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the 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. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Tata AIA Life Guaranteed Return Insurance Plan with UIN: 110N152V08 is underwritten by Tata AIA Life Insurance Company Limited. 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. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank. ISNP registration valid.

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.

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 / 1-860-267-1234 or our overseas customer service number 91-44-66854555 or write to us at customercareindia@dbs.com. Visit us at: www.dbs.com/in

 

 

How to Apply

Apply now
for Tata AIA Life Guaranteed Return Insurance Plan
Locate us Visit us at your nearest DBS branch
Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555

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