Tata AIA Life Insurance Saral Jeevan Bima Plan

• Affordable premiums

• Simple and easy to understand term insurance plan

• Best suited for first time buyers of protection plans

Premiums can be paid monthly, quarterly, half-yearly or annually

Tax Benefits on Premiums paid and Death Benefit

In the unfortunate event of the policyholder’s death, the nominee will receive the highest of the following:

For Regular Premiums (monthly, quarterly, half yearly and yearly), it is HIGHER of:

• Sum Assured or the cover amount

• 105% of all premiums paid

• 10 times the Annualised Premium

For Single Premium, it is HIGHER of:

• Sum Assured or the cover amount

• 125% of Single Premium

The Death Benefit received by the nominee iis tax free.

You can avail this rider benefit by paying extra premiums. In case of death of the policyholder due to an accident, the extra amount selected as the rider sum assured will be paid to the nominee in addition to the base sum assured of the plan.

In case of death of the policyholder within 45 days from the commencement of risk, only the premiums paid will be refunded and the sum assured will not be paid out.

In case you are not satisfied with the policy after receiving the policy documents, you can cancel the policy and get a refund. The can cancel the policy within the freelook period as defined here:

• Within 15 days in case the policy is not purchased electronically or through distance marketing

• Within 30 days in case the policy is purchased electronically or through distance marketing

In case you have missed the premiums and the policy has lapsed, you can revive the policy within 5 years from the last unpaid due date, but before the policy term expiry. You will have to pay all unpaid premiums without any interest.