you can choose to pay premium as Annual, Semi Annual, Quarterly and Monthly, where Annual premium is multiplied by loading factors of 0.51 for Semi Annual, 0.26 for Quarterly, and 0.0883 for monthly modes. Electronic Clearing Services (ECS) or Standing Instructions is Preferable for Monthly modes. Step 3: Our Advisor will help you to calculate the amount of premium based on your choices. Sample Illustrations with Life Stage Plus Option Ms. Radha is 30 years old non smoker healthy female and takes Tata AIA Life Insurance Maha Raksha Supreme plan for Sum Assured of r 1,00,00,000 for 15 years. The premium is r 9,900 p.a; at inception she opts for Life Stage Plus Option with no extra cost. So Radha can increase her cover in the future without undergoing fresh medicals by a maximum of r 50,00,000 during the term of the policy. Note that when Radha exercises this option; her future premiums will be based on the increased cover, age and outstanding policy term at that time.
“Annualised Premium” shall be the premium paid in a year with respect to the basic sum assured chosen by the policy holder, excluding the underwriting extra premiums and loading for modal premiums, if any. “Total Premiums Paid" means amount equal to the total premiums paid during the premium paying term of the policy. Such amount should be excluding interest, tax, underwriting extra premiums and loading for modal premiums, if any. Indicative Premium Sample annual premium for healthy, non-smoker, male life
Basic Sum Assured in r 50,00,000 1,00,00,000 50,00,000 1,00,00,000
Policy Term
Regular Pay in r
Single Pay
Age
in r
35 35 40 40
30 30 20 20
9,300
1,39,600 2,74,200 1,27,300 2,49,600
16,600 11,500 21,000
Premium is excluding Service Tax and Swachh Bharat Cess. Service Tax, Swachh Bharat Cess and TDS are applicable as per governing laws and the same shall be borne by the policyholder. Tata AIA Life Insurance Company Limited reserves the right to recover from the Policyholder, any levies and duties (including Service Tax, Swachh Bharat Cess and TDS), as imposed by the government from time to time. Kindly refer the sales illustration for the exact premium. Special Premium Rates A healthy lifestyle should be rewarded and we offer special rates for non-smokers. Additionally preferential rates are offered to female lives. High Cover Discount Following is the high cover discount available in your plan;
Policy terminates on death
Entry into the plan with SA r 1,00,00,000
Regular Premiums Payable
1 2 3 4 5 6 7 8 9 10 11 12 13 14 15
On death following terminal illness during the Trem of the policy r 1,00,00,000 on diagnosis of Terminal Illness
Increase Sum Assured to r 1,25,00,000 with Life Stage Plus Option
Increase Sum Assured to r 1,50,00,000 with Life Stage Plus Option
^ Payout Accelerator: r 50,00,000 on diagnosis of Terminal Illness
^ Payout Accelerator benefit is not available on Additional Sum Assured availed through Life Stage Plus Option. The premium mentioned is exclusive of Service Tax and Swachh Bharat Cess. Death Benefit Upon death of the insured during the term of the policy, provided the policy is in force, the death benefit payable to the Nominee will be the Sum Assured on death along with Additional Sum Assured under Life Stage Plus Option, if any less Payout Accelerator Benefit already paid, if any: “Sum Assured on death” shall be defined as the highest of the following for regular pay: • Basic Sum Assured • 10 times the Annualised Premium • 105% of the Total Premiums Paid “Sum Assured on death” shall be defined as the highest of the following for Single Pay: • Basic Sum Assured • 125% of the Single Premium The Policy will terminate upon death of the insured and no other benefit under the policy shall be payable.
Basic Sum Assured Size in r 50,00,000 to 99,99,999
Regular Pay
Single Pay
No discount
No discount
0.2 Per 1000 Basic 0.5 Per 1000 Basic Sum Assured Sum Assure
1,00,00,000 and above
Additional Benefits: Flexibility of Additional Coverage:
You have further flexibility to customize your product by adding the following optional rider. The rider can be attached only at the policy inception. Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider (UIN: 110B028V01) This rider ensures protection of your family by paying your nominee an amount equal to the rider sum assured in case of an accidental death. In case of severe dismemberment like loss of limbs or bodily functions or severe burns due to an accident, it
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