Tata AIA Life Insurance Saat Saath • Cash

Micro Insurance Product • Cheque

• Demand Draft
A Non Linked, Non Participating Individual Life Micro
• Online Account Transfer
Insurance Savings Plan
• Credit Card
Stay Protected with guaranteed money back and more
Frequency Of Payment
It is a Non Linked, Non Participating Individual Life Micro
Insurance Savings Plan with return of a pre-specified You may choose to pay your premiums in Annual, Semi-annual,
percentage of “Total Premiums Paid” at Maturity. Quarterly, Monthly mode as per your convenience.
This plan not only provides you with life cover but also ensures Modal loading is as follows:
returns at maturity. Frequency Modal Loading
You pay Single premium or for 7 years and get life cover for 5 Annual Premium Rate No loading
years or 10 years, respectively! Tata AIA Life Insurance Saat
Semi-Annual Premium Rate Multiply Annual Premium Rate
Saath provides attractive returns at specified rates for higher
by 0.51
Sum Assured on Survival. On the unfortunate event of death of
the Policyholder during the Policy term, the Basic Sum Assured Quarterly Premium Rate Multiply Annual Premium Rate
shall be payable to the Nominee/s. by 0.26
Monthly Premium Rate Multiply Annual Premium Rate
Key Features by 0.0883
• Life Coverage throughout Policy term
• Fixed Policy Term of 5 years or 10 years. Premium
• Flexible Premium Payment Term - Single Premium or 7 years. Sample annual premium amount for Basic Sum Assured
• No medical tests of r100,000, for policy term of 10 years
• Preferential rates# for Female lives Entry Age Premium Death Benefit Maturity Benefit
A 3 year age set back to male Premium rates are applicable for female lives
# (years) (r) (r) (r)
18 2,613 1,00,000 23,778
Eligibility Criteria 25 2,690 1,00,000 24,479
Minimum Entry Age 18 years 35 2,969 1,00,000 27,018
Maximum Entry Age 50 years 45 4,147 1,00,000 37,738
Maximum Maturity Age* Single Pay: 55 years 50 5,334 1,00,000 48,539
Limited Pay: 60 years
Sample Single Premium amount for Basic Sum Assured of Rs.
Minimum Basic Sum Assured Rs. 1,000 1,00,000, for policy term of 5 years
(multiples of 1,000 thereafter)
Maximum Basic Sum Assured Rs. 2,00,000 Entry Age Premium Death Benefit Maturity Benefit
(years) (r) (r) (r)
Premium Paying Term Single, 7 years
18 19,010 1,00,000 24,713
Policy Term Single Pay: 5 years
Limited Pay: 10 years 25 19,607 1,00,000 25,489
35 21,912 1,00,000 28,486
Declaration of health as per proposal form
45 31,294 1,00,000 40,682
50 39,743 1,00,000 51,666
Who can purchase this Policy ? Premiums are excluding applicable taxes, cesses and levies and
All earning adult men and women in the age group of 18 to 50 premiums are applicable for Male lives. All applicable taxes, duties,
years can purchase this plan, provided they satisfy the surcharge, cesses or levies, as may be imposed by Government, any
statutory or administrative authority from time to time, on the premiums
conditions of the health declaration mentioned in the payable and benefits secured under policy, shall be borne and paid by
proposal form. the Policyholder.
Premium Amount is decided according to
Policy Benefits:
• Age
Death Benefit
• Basic Sum Assured selected
Upon death of the Insured during the term of the Policy, Sum
Mode of Payment
Assured on death as defined below shall be payable. The

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Death benefit will be subject to a minimum of 105% of the total For Single Pay:
premiums received up to the date of death ". Policy Year GSV Factors SSV Factors
The policy will terminate upon the death of the insured and no 1 75% 71%
other benefit under the policy shall be payable. 2 75% 78%
“Sum Assured on death” shall be the highest of the following: 3 75% 84%
• 1.25 times Single Premium in case of Single Pay and 10 4 90% 92%
times the Annualised Premium in case of Limited Pay 7 years 5 90% 100%
• Basic Sum Assured (BSA) For Limited Pay 7 years:
• Maturity Sum Assured
Policy Year GSV Factors SSV Factors
“Annualized premium” shall be the premium amount payable 1 10% 0%
in a year chosen by the Policyholder, excluding the taxes, rider
2 30% 52%
premiums, underwriting extra premiums and loadings for
modal premiums, if any. 3 35% 56%
4 50% 61%
"Total Premiums paid" means total of all the premiums received,
excluding any extra premium, any rider premium and taxes. 5 50% 66%
6 65% 72%
Maturity Benefit 7 80% 78%
Provided the policy is in force ,all due premiums have been 8 90% 85%
paid and the insured is alive on maturity, Maturity Sum Assured 9 90% 92%
is payable. 10 90% 100%
“Maturity Sum Assured” refers to the absolute amount of Company has the right to review the basis for calculating SSV
benefit which is guaranteed to become payable on maturity of factors from time to time based on the experience and will be
the policy, where subject to prior approval of IRDAI.
Maturity Sum Assured = Maturity Benefit factor x Premium Non Forfeiture Benefits:
Paying Term x Annualised Premium.
Reduced Paid-up
Maturity benefit factor varies with BSA as given below:
For Single Pay - There is no Reduced Paid up for Single
Basic Sum Assured Maturity benefit factor
Pay policies.
Minimum Basic Sum Assured
100% For Limited Pay - If the full premiums for the first policy year
-24,000
are not paid within the grace period, the policy will lapse from
25,000-49,000 110%
the due date of first unpaid premium and no benefits will be
50,000-74,000 115% payable.
75,000-99,000 125%
If all premiums have been paid for the first policy year and if the
1,00,000-1,24,000 130% subsequent premiums remain unpaid, the policy will be
125000+ 135% converted into a Reduced Paid-up (RPU) policy. This is the
default non-forfeiture benefit.
Surrender Benefit
The Policy shall acquire a Surrender Value during the Policy From the due date of first unpaid premium, but not later than
Term basis the Premium Payment Term. five (5) years from the due date of first unpaid premium, the
policy can be revived by payment of full arrears of premiums
Surrender Value is payable at any point during the Policy Term together with interest as mentioned.
for Single Pay and for Limited Pay 7 years, it is payable
provided, at least the one full year’s premiums have been paid. The benefits to be paid in case of Reduced Paid up policies are
as follows.
Surrender value payable is higher of the Guaranteed Surrender
Value (GSV) or Special Surrender Value (SSV). Death Benefit
Guaranteed Surrender Value = (Guaranteed Surrender Value On death of the Life Insured during the policy term, the benefit
Factor x Total Premiums Paid) payable shall be:
Special Surrender Value = Special Surrender Value Factor x Sum Assured on Death x (No of Premiums paid) / (No of
Maturity Sum Assured x (No of Premiums paid) / (No of Premiums Payable during the entire Policy term)
Premiums Payable during the entire policy term)
This total amount will be subject to a minimum of 105% of Total
The SSV and GSV Factors are as per the table below: Premiums received up to the date of death.

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Maturity Benefit Sum Assured on death x (Mortality rate per thousand /1000) x
If the Insured survives till maturity, the Maturity Sum Assured x (number of days for the period on cover /365)
(No of Premiums paid) / (No of Premiums Payable during the
Exclusion
entire policy term) is payable on the date of Maturity.
In case of death due to suicide within 12 months from the date
Once Policy becomes paid up and is not revived till the end of of commencement of risk under the policy or from the date of
the revival period, it will continue to be in reduced paid-up status. revival of the policy, as applicable, the nominee or beneficiary of
the policyholder shall be entitled to at least 80% of the total
Grace Period premiums paid till the date of death or the surrender value
A Grace Period of fifteen (15) days for monthly mode and thirty available as on the date of death whichever is higher, provided
(30) days for all other modes, from the due date will be allowed the policy is in force.
for payment of each subsequent premium. The Policy will
remain in force during this period. If any premium remains Increase or Decrease Benefits
unpaid at the end of its Grace Period, the Policy shall lapse and Increase or Decrease of Basic Sum Assured is not allowed
have no further value except as may be provided under the
Non-Forfeiture Benefits. Policy Loan
Policy Loan not available under this product.
Revival
If a premium is in default beyond the Grace Period and subject Nomination
to the Policy not having been surrendered, it may be revived, Nomination allowed as per provisions of Section 39 of the
within five years after the due date of first unpaid premium and Insurance Act 1938 as amended from time to time.
before the Date of Maturity, subject to: (i) Policyholder’s written
application for revival; (ii) Production of Insured’s current health Assignment
certificate and other evidence of insurability, satisfactory to the Assignment allowed as per Section 38 of the Insurance Act
insurance company; and (iii) Payment of all overdue premiums
1938 as amended from time to time.
with interest.
Interest on premiums will be compounded at an annual rate,
which will be determined by the Insurance Company and will
Prohibition of Rebates Section 41 - of the
be subject to prior approval of IRDAI. Insurance Act, 1938, as amended from time
Any revival shall only cover loss or insured event, which occurs to time
after the revival. a) No person shall allow or offer to allow, either directly or
Any evidence of insurability requested at the time of revival will indirectly, as an inducement to any person to take out or
be based on the prevailing underwriting guidelines duly renew or continue an insurance in respect of any kind of risk
approved by the Board. relating to lives or property in India, any rebate of the whole
The applicable interest rate for revival is determined using the or part of the commission payable or any rebate of the
SBI domestic term deposit rate for ‘1 year to less than 2 years’, premium shown on the policy, nor shall any person taking
plus 2%. Any alteration in the interest rate formula will be out or renewing or continuing a policy accept any rebate,
subject to prior approval of IRDAI. except such rebate as may be allowed in accordance with
the published prospectuses or tables of the insurer.
Free Look Period
If You are not satisfied with the terms & conditions/ features of b) Any person making default in complying with the
the Policy, you have the right to cancel the Policy by providing provisions of this section shall be liable for a penalty which
written notice to the Company stating objections/ reasons and may extend to ten lakh rupees.
receive a refund of all premiums paid without interest after
deducting a) Proportionate risk premium for the period on About Tata AIA Life
cover, b) Stamp duty and medical examination costs which Tata AIA Life Insurance Company Limited (Tata AIA Life) is a
have been incurred for issuing the Policy. Such notice must be
joint venture company, formed by Tata Sons Ltd. and AIA
signed by you and received directly by the Company within 15
days after you or person authorised by You receive the Policy Group Ltd (AIA). Tata AIA Life combines Tata’s pre-eminent
Document. The said period of 15 days shall stand extended to leadership position in India and AIA’s presence as the largest,
30 days, if the Policy is sourced through distance marketing independent listed pan-Asia Life Insurance Group in the world
mode which includes solicitation through any means of spanning 18 markets in Asia Pacific. Tata Sons holds a majority
communication other than in person. stake (51 per cent) in the Company and AIA holds 49 per cent
The Proportionate risk premium will be determined as under: through an AIA International Limited. Tata AIA Life Insurance

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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.
• 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 the total
premium paid.
• This product is underwritten by Tata AIA Life Insurance
Company Ltd.
• Insurance cover is available under this product.
• 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 benefits available to you.
• This product will be offered only to Standard lives.
• All Premiums are subject to applicable taxes, cesses & levies
which will entirely be borne by the Policyholder and will always
be paid by the Policyholder along with the payment of
Premium. If any imposition (tax or otherwise) is levied by any
statutory or administrative body under the Policy, Tata AIA Life
Insurance Company Limited reserves the right to claim the
same from the Policyholder. Alternatively, Tata AIA Life
Insurance Company Limited has the right to deduct the
amount from the benefits payable by Us under the Policy.

BEWARE OF IRDAI is not involved in activities like selling insurance

SPURIOUS/ policies, announcing bonus or investment of
FRAUD PHONE premiums. Public receiving such phone calls are
CALLS! requested to lodge a police complaint.

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 or SMS 'LIFE’ to 58888. Unique Reference Number - L&C/Advt/2019/Nov/671 • UIN: 110N123V02

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