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Tata AIA Life Insurance Policy Overview

This document provides a benefit illustration for a Tata AIA Life Insurance pure risk premium product. Some key details: - Policyholder name is kalpesh shaligram more - Life assured is Umesh More aged 27 - Policy term is 47 years - Premium payment term is 10 years - Annual premium amount is Rs. 31624 - Sum assured on death is Rs. 10,000,000 - Policy provides death benefit only, with no maturity or surrender benefits - Guaranteed minimum surrender values are provided from the 4th policy year

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Kalpesh More
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0% found this document useful (0 votes)
25 views3 pages

Tata AIA Life Insurance Policy Overview

This document provides a benefit illustration for a Tata AIA Life Insurance pure risk premium product. Some key details: - Policyholder name is kalpesh shaligram more - Life assured is Umesh More aged 27 - Policy term is 47 years - Premium payment term is 10 years - Annual premium amount is Rs. 31624 - Sum assured on death is Rs. 10,000,000 - Policy provides death benefit only, with no maturity or surrender benefits - Guaranteed minimum surrender values are provided from the 4th policy year

Uploaded by

Kalpesh More
Copyright
© All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

Name of the Prospect/Policyholder: kalpesh shaligram more Proposal No: 8135516

Age (years) : 28 Gender: Male Name of the Product: Tata AIA Life Insurance Maha Raksha
Supreme
Name of the Life Assured : Umesh More
Tag Line : Non-Linked, Non-Participating, Individual
Age (years) : 27 Gender: Male Smoker: No Life Insurance Pure Risk Premium Product
i
am
Policy Term (years) : 47 Unique Identification No.: 110N102V03
red
Premium Payment Term (years) : 10 GST Rate: 18.0%

Amount of Instalment Premium(Rs.): 31624


i am red
Mode of Payment of Premium : Annual

This benefit illustration is intended to show year-wise premiums payable and benefits under the policy.

Policy Details
Policy Option Pure Protection Cover Sum Assured (Rs.) 10000000

Sum Assured on Death (at inception of the policy) Rs. 10000000

Rider Details
Rider Name (Benefit Option) UIN Sum Assured (Rs.) Term (years) Premium Payment Term (years) Premium without GST (Rs.)

Premium Summary
Base Plan Riders Total Instalment Premium

Instalment Premium without GST (Rs.) 26800 0 26800

Instalment Premium with First year GST (Rs.) 31624 0 31624

Instalment Premium with GST 2nd year onwards (Rs.) 31624 0 31624
(Amount in Rupees)
Guaranteed Non - Guaranteed

Policy Single/ Annualised Survival


Year Premium Benefit / Other Benefits, if Maturity Death Min Guaranteed Surrender Special Surrender
Loyalty any Benefit Benefit Value Value
Additions
1 26800 NA NA NA 10000000 0 NA

2 26800 NA NA NA 10000000 0 NA

3 26800 NA NA NA 10000000 0 NA

4 26800 NA NA NA 10000000 4020 NA

5 26800 NA NA NA 10000000 14740 NA

6 26800 NA NA NA 10000000 25460 NA

7 26800 NA NA NA 10000000 34840 NA

8 26800 NA NA NA 10000000 45560 NA

9 26800 NA NA NA 10000000 54940 NA

10 26800 NA NA NA 10000000 65660 NA

11 0 NA NA NA 10000000 65660 NA

12 0 NA NA NA 10000000 65660 NA

13 0 NA NA NA 10000000 64320 NA

14 0 NA NA NA 10000000 64320 NA

15 0 NA NA NA 10000000 64320 NA

16 0 NA NA NA 10000000 64320 NA

17 0 NA NA NA 10000000 62980 NA

18 0 NA NA NA 10000000 62980 NA

19 0 NA NA NA 10000000 62980 NA

20 0 NA NA NA 10000000 61640 NA

21 0 NA NA NA 10000000 61640 NA

22 0 NA NA NA 10000000 61640 NA

23 0 NA NA NA 10000000 60300 NA

24 0 NA NA NA 10000000 60300 NA

25 0 NA NA NA 10000000 58960 NA

26 0 NA NA NA 10000000 57620 NA

27 0 NA NA NA 10000000 57620 NA

28 0 NA NA NA 10000000 56280 NA

29 0 NA NA NA 10000000 54940 NA

30 0 NA NA NA 10000000 53600 NA

31 0 NA NA NA 10000000 53600 NA

32 0 NA NA NA 10000000 52260 NA

33 0 NA NA NA 10000000 50920 NA

34 0 NA NA NA 10000000 49580 NA

35 0 NA NA NA 10000000 46900 NA

36 0 NA NA NA 10000000 45560 NA

37 0 NA NA NA 10000000 44220 NA

38 0 NA NA NA 10000000 41540 NA

39 0 NA NA NA 10000000 40200 NA

40 0 NA NA NA 10000000 37520 NA

41 0 NA NA NA 10000000 34840 NA

42 0 NA NA NA 10000000 32160 NA

43 0 NA NA NA 10000000 29480 NA
44 0 NA NA NA 10000000 26800 NA

45 0 NA NA NA 10000000 22780 NA

46 0 NA NA NA 10000000 20100 NA

47 0 NA NA NA 10000000 0 NA

Note: Annualised premium excludes underwriting extra premium, frequency loadings on premiums, the premium paid towards the riders, if any, and Goods and
Services Tax.

I _____________________________________ (name), have explained I _____________________________________ (name), having


the premiums and benefits under the product fully to the prospect / received the information with respect to the above, have understood the
policyholder. above statement before entering into the contract.

Place: i am red
Date: Signature of Agent/ Intermediary/ Official Date: Signature of Prospect/ Policyholder

Unique Reference Number - L&C/Advt/2020/Feb/331

Tata AIA Life Insurance Company Ltd. (IRDA of India Regn No. 110) (CIN: U66010MH2000PLC009086)
Registered and 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 more information, Call the Tata AIA Life Insurance Company Ltd Helpline number1860-266-9966 (local charges apply) or Visit us at: [Link] or
SMS 'LIFE' to 58888

02-12-2020,01:20
(I)V.87.00/FY2020-2021_Q3/RELEASE 01-10-20/EXPIRY 31-12-2020 004503123BCMRSL10N2V3
PM

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