Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture established by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA), they have introduced a new program called ‘Smart Value Income Plan’. Between the ages of 1 and 65, they can buy a Smart Value Income Plan with a maximum maturity of 100 years. According to the Income Tax Act of 1961 Section 80 C and 10 (10 D). The Tata AIA Life Smart Value Income Plan offers a few basic features and advanced and flexible revenue options, allowing consumers to protect their money. the future and create a wealth of long-term goals.
The following unique features and startups make you a must-have for all investment portfolios. Exploring the cash bonus that will be rewarded in the form of a loyalty fund that is a small fund and compliant with MSMEs loan interest rates. In addition, there will be an additional 1 percent loan agreement. The Tata AIA Life Insurance Smart Value Income Plan has the following unique and first features in the industry. It offers the option to receive a cash bonus * from the end of the first month. premium payments compared to cash bonuses Offers life Protect is a feature that offers a Full Amount of Death in the event you are unable to pay due to unemployment/loss of income.
Cash Bonus from Month 1: Choosing to receive cash bonuses from the first month of the policy purchase and continuing to collect bonuses, even if they are unable to pay premiums if they lose their income.
Premium Offset Feature: The policy owner who opted for the standard premium payment option will be able to adjust the payout compared to cash bonuses. The frequency and timing of bonus payments are similar to the premium payment.
Built-in Sub-Wallet: This allows consumers to accumulate cash bonuses and facilitates the withdrawal of the bonus amount. The amount in the sub wallet also collects refunds as daily loyalty additions, which may also be used to close future premium payments.
Life Protect Feature: The Tata AIA Smart Value Income Plan also comes with a Life Protect feature that allows consumers to continue with their health coverage even if they have to postpone premium payments due to salary loss or financial impairment. Under this feature, Tata AIA will continue to provide the Amount. Special Benefits for SME Owners and Women Entrepreneurs: Its first feature for small and medium-sized businesses, the Tata AIA Life Smart Value Income Plan, offers additional benefits for a special loan amount compared to the policy. The policy offers another special 1% discount on policy loan interest rates for women entrepreneurs.
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