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Tata AIA Life Insurance Money Maxima is a non-linked, participating, regular premium paying endowment assurance plan that helps maximize returns, so you can fulfill your mid or long term financial goals. This plan also provides the life cover that ensures financial security for the family, when you are not there.
Get QuoteDeath Benefit
In case of an unfortunate demise of the life Insured during the policy term, Sum Assured on death along with vested Simple Reversionary Bonus and Terminal Bonus is payable to the nominee.
Sum Assured on death is higher of Minimum Guaranteed Sum Assured on Maturity or 10 times the annualized premium. The total death benefit is subject to a minimum of 105% of total premiums paid.
Maturity Benefit
On maturity, the Minimum Guaranteed Sum Assured on Maturity plus vested Simple Reversionary Bonus plus Terminal Bonus is payable, provided the policy is in-force.
Guaranteed Loyalty Addition
(Policy Term/2)% * Basic Sum Assured is payable as Guaranteed Loyalty Addition on death or maturity and it depends on the policy term chosen.
Bonus
Bonuses are declared by the company, as applicable.
Loan Benefit
Policy Loan can be availed under Tata AIA Life Insurance Money Maxima.
Surrender Value
Surrender Value is higher of Guaranteed Surrender Value or Special Surrender Value. The surrender value can be acquired, on payment of all the premiums of at least first full policy year.
Tax Benefit
This policy provides tax benefits for the premiums paid under Section 80C & the death/maturity/surrender benefit can avail tax benefits under Section 10(10D) of the Income Tax Act, 1961.
| Factor | Minimum | Maximum |
| Age (as on last birthday) | 12 Years | 50 Years |
| Age at Maturity | - | 75 Years |
| Policy Tenure | 12 Years | 30 Years |
| Premium Paying Term | Equal To Policy Tenure | - |
| Premium Paying Mode | Annually, Semi Annually & Monthly | - |
| Premium Amount | Rs 12,000 (annually) | - |
| Sum Assured | Rs 1 Lac | No Limit (subject To Underwriting) |
| Freelook Period | 15 Days/30 Days (for Distance Marketing Channel) From The Receipt Of The Policy | - |
| Grace Period | 30 Days (15 Days For Monthly Mode) | - |
| Plan Type | Offline | - |
Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider can be opted under this plan to enhance the coverage, on payment of additional rider premium.
Raman at 35 years, wants to buy Tata AIA Life Insurance Money Maxima to save regularly with the life cover. He opts this plan with the policy term of 25 years, annual premium of Rs 31,390 and the basic sum assured of Rs 5 Lacs.
Scenario A: Raman Survives the Policy Term
If Mr. Raman survives till the maturity of the policy term, the maturity payable is Rs 5 Lacs plus vested Simple Reversionary Bonus plus Terminal Bonus. The maturity benefit helps fulfill your financial objectives.
Scenario A: Raman dies during the Policy Term
If Mr. Raman dies during the policy term, his nominee will receive Rs 5 Lacs along with vested Simple Reversionary Bonus and Terminal Bonus. The death benefit provides financial cover for his family.
Benefit Illustration:
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