Page 37 - Insurance Times April 2017 Special Issue on Newindia

Life Insurance Plan

Wealth Pro

from Tata AIA Life Insurance

A Non-Participating Unit Linked Endowment Minimum Maturity Age 18 years
Insurance plan. In this policy, the investment
(Age last birthday)
risk in investment portfolio is borne by the
Maximum Maturity Age 75 years
policyholder linked insurance products do not
offer any liquidity during the first five years of the contract. (Age last birthday)
Policy Term 15 to 40 years
The policyholder will not be able to surrender / withdraw
Premium Paying Term Single Pay
the monies invested in linked insurance products completely
or partially till the end of the fifth year. Limited Pay - 5 /7 and 10
years
Key Features Regular /Limited Pay - 15

 Pay premiums once or for a limited period and get and 20 years
Insurance protection throughout policy term Pay Mode Single, Annual, Semi-Annual,
 Regular Loyalty Additions are credited to the policy to Quarterly, Monthly
boost investments Minimum Premium Single Pay - Rs 5,00,000
 Flexibility to choose from 6 Fund options for enhanced Regular/Limited Pay -
investment opportunities Rs 2,50,000 per annum
 Option to customize plan with three additional unit Maximum Premium No Limit
deducting riders Minimum Basic For Single Pay -
 Choice of Enhanced Systematic Money Allocation & Sum Assured 1.25 times the Single
Regular Transfer Investment Portfolio Strategy Premium

 Top-up facility to further augment portfolio For Regular / Limited Pay -
 Flexibility of Partial Withdrawals after five policy years Higher of (10*AP) OR
to meet financial needs (0.5*Policy Term*AP)

 Settlement option is provided on Maturity to receive AP is Annualised Premium
the maturity amount either in lump sum or in selected by the policyholder
installments over a period of time at the inception of the policy,
excluding the service tax or
 Tax benefits u/s 80C and 10 (10D) of the Income Tax
any other extra premium.
Act, 1961
Maximum Basic For Single Pay -
Plan at a Glance Sum Assured 1.25 times the Single Premium

For Regular / Limited Pay -
Minimum Issue Age 0 years (30 days)
(Age last birthday) Entry Maximum
Maximum Issue Age 60 years Age band Multiple of AP
(Age last birthday) 0 to 30 30

The Insurance Times, April 2017 37

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