relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy, nor shall any person taking out or renewing or continuing a policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectuses or tables of the insurer. 2. Any person making default in complying with the provisions of this section shall be liable for a penalty which may extend to ten lakh rupees. About Tata AIA Life Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons and AIA Group Limited (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asia life insurance group in the world spanning 17 markets in Asia Pacific. Tata Sons holds a majority stake (74 per cent) in the company and AIA holds 26 per cent through an AIA Group company. Tata AIA Life Insurance Company Limited was licensed to operate in India on February 12, 2001 and started operations on April 1, 2001. Disclaimer • The brochure is not a contract of insurance. The precise terms and conditions of this plan are specified in the policy contract. • This product brochure should be read along with sales Illustration • This product is underwritten by Tata AIA Life Insurance Company Ltd. • Insurance cover is available under this product. • Rider 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/ branch. • In case of non-standard lives, extra premiums will be charged as per our underwriting guidelines.
• Legal adoption of a child – Adoption deed Additional premium will be based on the attained age of the insured and the outstanding policy term at the time of exercising this option and will be calculated with reference to the same premium table used to calculate the premium for the initial basic sum assured. Large sum assured discount shall be applicable to additional sum assured. You can use the facility 3 times within the policy term. If Payout Accelerator Benefit is paid, this benefit cannot be availed. This option is irrevocable. Payout Accelerator Benefit On payment of this benefit, the Death Benefit under the policy is automatically reduced by the amount paid under this benefit. You will continue to pay the original premiums as and when due under the policy, even after terminal illness claimis admitted. This Benefit will commence after 2 years of continuous cover since inception date. If the Death doesn’t occur within the six month period, the death benefit as mentioned in this brochure will be paid on actual death, if occurred within the policy term, provided the policy is in force. Additional Sum Assured opted under Life Stage Plus Option will not be considered for inbuilt Payout Accelerator Benefit. “Terminal Illness” means an irreversible terminal medical condition of the Insured: i. the signs or symptoms of which first occur or commence after 2 years of continuous cover under this Policy or endorsement; as the case may be ii. for which the diagnosis is supported by evidence of the advanced stage of the medical condition such as clinical, radiological & laboratory evidence; and iii. that is expected to result in death of the insured within 6 months of diagnosis, and is certified to be so by two physicians or registered medical practitioners specializing in treatment of such illness and approved by the company, at least one year before the expiry date of the policy. Exclusion In case of death due to suicide by the Insured, whether sane or insane, within 12 months from the Date of Commencement / Reinstatement, the nominee shall be entitled to “TotalPremiums Paid”, provided the Policy is in force. # For Complete details on terms & conditions, please refer policy contract. For exclusions on the rider benefits, please refer to the respective supplementary contract. (Prohibition of Rebates) Section 41 - of the Insurance Act, 1938 as amended from time to time. 1. No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an insurance in respect of any kind of risk
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.
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