Tata AIA Life Insurance MahaLife Supreme

Time never stands still and neither do our financial needs. As we move through various stages of life, our requirements and those of our families change consistently. There are times when we can save enough and then there are times that we need these savings to provide an income that may be required as a standalone income or as a supplement to other incomes. The better we are able to understand these needs, the better we can anticipate and plan for the same.

Let's take an example of an individual in his middle age, with retirement imminent in around 12 to 15 years. He may wish to leverage his balance earning years to save into a plan which will then yield regular annual income to provide for or supplement his retirement income. Similarly, for a recently married young man, it may be important to save now and plan for a regular income that will support his child's education at desired age. A large percentage of our population would also like to ensure that this planned income they are saving for today, is totally guaranteed irrespective of any fluctuations in the financial environment.

With the above need in mind, we are pleased to present, Tata AIA Life Insurance MahaLife Supreme, a Limited Premium Paying Non-Linked Non-Participating Endowment Assurance Plan that enables you to plan both your savings outflow and the required regular annual income inflow along with the all important benefit of life insurance protection.

In this plan, you have the option to pay premiums for a limited period of either 12 or 15 years and receive guaranteed annual income^ for 18 or 20 years respectively.

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L&C/Advt/2016/Jan/049

• Limited premium payment endowment plan with Guaranteed Annual Income ^{^}
• Choose between 2 options - based on Policy Term and Premium Payment Term as per your requirement of savings outflow and required income inflow
• Steady and Guaranteed Annual Income^ to provide a regular inflow of funds
• Option to enhance protection through rider
• On maturity, lump sum amount payable as a percentage of Basic Sum Assured as well as applicable Guaranteed Annual Income^{^}
• Tax Benefits available under Section 80C and 10 (10D)

^{^}Guaranteed Annual Income will start from the end of 16th policy year for option A and from the end of 13th policy year for option B. Option A and Option B are based on Policy Term and Premium Payment Term.

How to calculate Basic Sum Assured?

The Basic Sum Assured in this plan depends upon the Annual Premium chosen by the customer.

Basic Sum Assured is equal to 10 times of the Annualized Premium

• For the purpose of Basic Sum Assured*, the “Annualized 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.

Hence Basic Sum Assured would be same irrespective of premium paying mode.

You may choose to pay your premiums in Annual, Semi-annual, Quarterly or Monthly mode as per your convenience.

Modal loading to calculate premium is as follows:

• Annual Premium Rate : Multiply Annual Premium Rate by 1 (i.e. No loading).
• Semi-Annual Premium Rate : Multiply Annual Premium Rate by 0.51
• Quarterly Premium Rate : Multiply Annual Premium Rate by 0.26
• Monthly Premium Rate : Multiply Annual Premium Rate by 0.0883

Annual Premium should be in multiples of Rs. 1,000

Example for calculation of Basic Sum Assured:

For more details please refer to the product brochure.

• This product is underwritten by Tata AIA Life Insurance Company Limited.
• For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
• 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.
• Service Tax, Swachh Bharat Cess & TDS are applicable as per governing laws. Tata AIA Life Insurance company Limited reserves the right to recover/deduct from the policyholder, any levies and duties (including Service Tax,Swachh Bharat Cess & TDS),as imposed by the government from time to time. Kindly refer to the Sales Illustration for the exact premium.
• Past performance is not indicative of future performance.
• In case of sub-standard lives, extra premiums will be charged as per our underwriting guidelines.
• Insurance cover is available under this product.
• Riders are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life's insurance Website/Advisor/branch.

For complete details please visit Tata AIA Life's nearest branch office or call 1800-267-9966 (toll free) and 1860-266-9966 (where local charges apply) or write to us at customercare@tataaia.com. Visit us at: www.tataaia.com or SMS 'LIFE' to 58888.

Tata AIA Life Insurance Company Ltd. (IRDA of India Regn. No. 110). Registered & Corporate Office Address: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 400013.