{"uin":"110L174V02","name":"Smart SIP","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02","insurer":{"slug":"tata-aia-life-insurance","name":"TATA AIA Life Insurance Company Limited","url":"https://indiainsurances.com/insurer/tata-aia-life-insurance"},"line":"life","category":"ulip","category_name":"ULIPs (unit-linked plans)","irdai_type":"ULIP","kind":"product","status":"active","approved_on":"2024-06-21","withdrawn_on":null,"summary":"Tata AIA Smart SIP is a non-participating, unit linked, individual life insurance savings plan with Single Pay, Limited Pay and Regular Pay options. It offers four benefit options and a 5-year lock-in period; the maturity benefit is the Fund Value including Top-Up Premium Fund Value, if any.","analysis":{"state":"machine","analysed_at":"2026-10-19 23:50:35.209493+00","note":"First pass: one AI reading; every stated fact carries a verbatim quote found in the cited clause, but it has not been reviewed. Check the clause before relying on it."},"facts":[{"key":"plan_variants","label":"Plans and variants","section":"Overview","meaning":"The named plans inside this product (not cover types or payout options). Facts can differ between them.","status":"quote-verified","value":["Wealth Secure","Future Secure","Goal Secure","Family Secure"],"display":"Wealth Secure; Future Secure; Goal Secure; Family Secure","note":"The document calls these benefit options; death and maturity benefits differ by option.","quote":"The plan offers 4 (four) benefit options to the Policyholder to choose from at the outset:\ni) Wealth Secure\nii) Future Secure\niii) Goal Secure\niv) Family Secure","sources":[{"clause":"3","heading":"PART C","page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"not-stated","value":null,"display":null,"note":"The supplied wording/CIS refer to the Policy Term or Policy Schedule but do not print a product-level term range.","quote":null,"sources":[],"law":[]},{"key":"claim_intimation","label":"Claim intimation deadline","section":"Claims","meaning":"How soon you must tell the insurer about a claim or hospitalisation.","status":"quote-verified","value":"Death claims must be informed immediately upon occurrence of death. The policy also says all cases of death must be notified immediately in writing, with delay condonable on merit where the reason is beyond the claimant's control.","display":"Immediately upon occurrence of death; written notice required","note":null,"quote":"Please inform the company immediately upon occurrence of death. A claim can be made through any of the following avenues: ... Notice of Claim – All cases of death must be notified immediately to us in writing. However, We may condone delay on merit for delayed claims where the reason for delay is proved to be for reasons beyond the control of the Claimant.","sources":[{"clause":"3.12","heading":"CLAIMS INTIMATION PROCESS","page":8,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-12"},{"clause":"6.7","heading":"CLAIM PROCEDURES","page":30,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-6-7"}],"law":[{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 20, 21","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_documents","label":"Claim documents","section":"Claims","meaning":"Documents the insurer asks for when you claim.","status":"quote-verified","value":["Claimant Statement","Copy of Death Certificate issued by a local Municipal Authority","Original Policy Document","Copy of Claimant's Photo Identification Proof & Current Address Proof","Cancelled cheque with name and account number printed or cancelled cheque with copy of Bank Passbook / Bank Statement","If no nomination - Proof of legal title to the claim proceeds","Attending Physician's Statement","Medical Records","Copy of the First Information Report (FIR) or Panchanama/ Police complaint/ Inquest","Copy of Post Mortem report (PMR)/ Autopsy and Viscera report","Copy of the Final Police Investigation report (FPIR)/ Charge sheet","NEFT Form","a cancelled cheque or copy of passbook with pre-printed name and bank account number, for payout through NEFT","a self-attested photo ID proof"],"display":"Death claim documents include claimant statement, death certificate, original policy document, claimant ID/address proof, bank proof, legal title proof if no nomination, and cause-of-death medical or police documents; maturity claim documents include NEFT form, cancelled cheque/passbook and photo ID.","note":"Medical records are required if the life insured was in hospital at the time of death or before death; the company may call for additional requirements.","quote":"Death (all causes of death other than the Accidental Death) | • Claimant Statement • Copy of Death Certificate issued by a local Municipal Authority • Original Policy Document • Copy of Claimant's Photo Identification Proof & Current Address Proof (List of acceptable photo ID and Address proofs) • Cancelled cheque with name and account number printed or cancelled cheque with copy of Bank Passbook / Bank Statement • If no nomination - Proof of legal title to the claim proceeds (e.g., legal succession paper) Additional documents required on basis of cause of death • Medical/Natural death: • Attending Physician's Statement • Medical Records* (Admission Notes, Discharge/Death Summary, Indoor Case Papers, Test Reports etc.) # ... In case of an unnatural death (to be submitted in addition to the above) | • Copy of the First Information Report (FIR) or Panchanama/ Police complaint/ Inquest# • Copy of Post Mortem report (PMR)/ Autopsy and Viscera report# • Copy of the Final Police Investigation report (FPIR)/ Charge sheet# ... a) NEFT Form; ... b) a cancelled cheque or copy of passbook with pre-printed name and bank account number, for payout through NEFT, and ... c) a self-attested photo ID proof.","sources":[{"clause":"3.8","heading":"CHANGE IN SUM ASSURED/ PREMIUM/ PREMIUM","page":6,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-8"},{"clause":"3.9","heading":"GRACE PERIOD","page":7,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-9"},{"clause":"3.11.2(a)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-11-2-a"},{"clause":"3.11.2(b)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-11-2-b"},{"clause":"3.11.2(c)","heading":null,"page":8,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-11-2-c"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 17","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 23","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"claim_settlement_time","label":"Claim settlement time promised","section":"Claims","meaning":"How quickly the policy says a claim is decided or paid, and from when that is counted (intimation or last document).","status":"quote-verified","value":"The CIS says claims settlement TAT is 15 days from receiving all documents, or 45 days from claim intimation if further investigation is required.","display":"15 days from receiving all documents; 45 days from claim intimation if further investigation is required","note":"The policy wording only refers to the extant regulatory timeline; this specific TAT is from the Customer Information Sheet.","quote":"• Turn Around Time (TAT) for claims settlement and brief procedure : • 15 days from receiving all the documents, • 45 days from the day of the claim intimation, if further investigation required.","sources":[{"clause":null,"heading":"Revival of a discontinued policy after lock-in period","page":12,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16135#c-revival-of-a-discontinued-policy-after-lock-in-p"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 64UM(4) to (6)","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 10","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 15","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 16","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 22","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(i), V.3(ii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, V.3(iii)","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part C, V.4","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 23","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"The Motor Vehicles Act, 1988: Chapter XI, insurance of motor vehicles against third party risks","section":"Section 149","url":"https://indiainsurances.com/law/motor-vehicles-act-1988"}]},{"key":"exclusions_main","label":"Main exclusions","section":"Exclusions","meaning":"What the policy does not pay for, in the policy's own words.","status":"quote-verified","value":["In case of death due to suicide within 12 (twelve) months from the Date of Commencement of the Policy or Date of Revival of the Policy, the claimant/legal heir gets Total Fund Value on the date of intimation of death.","No risk cover shall be available during the Discontinuance period.","Waiver of premium benefit under Future Secure and Family Secure, and income benefit under Family Secure, will not be applicable if the Policy is in the discontinued status.","Waiver of premium benefit under Future Secure and Family Secure, and income benefit under Family Secure, will not be applicable if the Policy is in the reduced paid-up status.","Settlement option is not available in case of Future Secure and Family Secure where the Life Insured does not survive till the end of Policy Term."],"display":"Main exclusions/limitations include the suicide clause, no risk cover during discontinuance, no waiver/income benefit in discontinued or reduced paid-up status, and settlement option not available for Future Secure/Family Secure if the life insured does not survive to policy term end.","note":null,"quote":"In case of death due to suicide within 12 (twelve) months from the Date of Commencement of the Policy or Date of Revival of the Policy, as applicable, Your Claimant or legal heir shall be entitled to Total Fund Value, available on the date of intimation of death. ... No risk cover shall be available during the Discontinuance period. ... The Waiver of premium benefit under Option 2- Future Secure and Option 4 - Family Secure, along with income benefit under Option 4 – Family Secure, will not be applicable if the Policy is in the discontinued status. ... The Waiver of premium benefit under Option 2- Future Secure and Option 4 - Family Secure, along with income benefit under Option 4 – Family Secure, will not be applicable if the Policy is in the reduced paid-up status. ... This option is not available in case of Future Secure and Family Secure where the Life Insured does not survive till the end of Policy Term.","sources":[{"clause":"6.2","heading":"SUICIDE EXCLUSION","page":29,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-6-2"},{"clause":"5(a)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-5-a"},{"clause":"4.1(a)(iv)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-4-1-a-iv"},{"clause":"4.1(b)(i)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-4-1-b-i"},{"clause":"6(b)","heading":null,"page":13,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-6-b-2"}],"law":[{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 11","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 16","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grievance","label":"Grievance route","section":"Claims","meaning":"Who to complain to first, as stated in the policy, before going to the Insurance Ombudsman.","status":"quote-verified","value":"First register the grievance with Tata AIA through the listed service avenues, including helpline, email life.complaints@tataaia.com, online policy account, branches/CAMS, agent/distributor or written complaint to Customer Service Department. If not satisfied or no response within timelines, escalate to the Grievance Redressal Officer at GRO@tataaia.com before approaching IRDAI or Ombudsman.","display":"First Tata AIA grievance channels; then GRO at GRO@tataaia.com if dissatisfied","note":null,"quote":"Customers can register their grievances through multiple service avenues:\n• Call our helpline number 1-860-266-9966 (Call charges apply)\n• Email us at life.complaints@tataaia.com\n• Login to online policy account on www.tataaia.com\n• Visit any of the nearest Tata AIA Life branches or CAMS Service Centers\n• Contact your Tata AIA Life Agent / Distributor\n• Write to us on the following address: ... In case the customer is not satisfied with the resolution provided by the Company, or has not received any response within the stipulated timelines, he, may write to the following official for resolution:\n• Level of Escalation: Grievance Redressal Officer (GRO)","sources":[{"clause":"7.2.1","heading":"Resolution of Grievances","page":31,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-7-2-1"},{"clause":"7.2.2","heading":"Escalation Mechanism","page":31,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-7-2-2"}],"law":[{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 3","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 4","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"Consumer Protection (Jurisdiction of the District Commission, the State Commission and the National Commission) Rules, 2021","section":"Rule 5","url":"https://indiainsurances.com/law/consumer-jurisdiction-rules-2021"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(11)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 2(42)","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 34","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Consumer Protection Act, 2019","section":"Section 69","url":"https://indiainsurances.com/law/consumer-protection-act-2019"},{"title":"The Insurance Act, 1938","section":"Section 38","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on General Insurance Business, 2024","section":"Ch I, Para 12","url":"https://indiainsurances.com/law/irdai-general-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 19","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 20","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 13","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(5), 5(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 5(9)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 25","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.1","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, VI.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 26","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 11","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"Review of revision in premium rates under health insurance policies for senior citizens, 2025","section":"Para 3","url":"https://indiainsurances.com/law/irdai-senior-premium-2025"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 13","url":"https://indiainsurances.com/law/ombudsman-rules-2017"},{"title":"Insurance Ombudsman Rules, 2017","section":"Rule 14","url":"https://indiainsurances.com/law/ombudsman-rules-2017"}]},{"key":"sum_assured","label":"Sum assured","section":"Cover","meaning":"The minimum and maximum life cover, or the rule that sets it (for example 10 times the annual premium).","status":"not-stated","value":null,"display":null,"note":"The wording defines Basic Sum Assured as shown in the Policy Schedule but does not print the product's minimum or maximum base sum assured in the supplied documents.","quote":null,"sources":[],"law":[]},{"key":"death_benefit","label":"Death benefit","section":"Cover","meaning":"What your family gets if you die during the term, and how it is calculated.","status":"quote-verified","value":"Death benefit depends on the benefit option. Wealth Secure pays the highest of Basic Sum Assured less recent partial withdrawals, Regular/Single Premium Fund Value, or 105% of premiums received, plus applicable top-up benefit; Future Secure pays a lump sum of the higher of Basic Sum Assured or 105% of premiums and the company funds future premiums; Goal Secure pays the higher of Basic Sum Assured plus fund value or 105% of premiums; Family Secure pays the Future Secure-type lump sum, funds future premiums and also pays 1% of Basic Sum Assured monthly for 36 to 120 months.","display":"Varies by option: Wealth Secure highest of Basic Sum Assured less two-year partial withdrawals, fund value or 105% premiums; Future Secure highest of Basic Sum Assured or 105% premiums plus future premium funding; Goal Secure highest of Basic Sum Assured plus fund value or 105% premiums; Family Secure adds 1% of Basic Sum Assured per month for 36 to 120 months.","note":"Top-up death benefits are also payable where the policyholder has a Top-Up Premium Fund Value, as stated in the death benefit clauses.","quote":"a) Wealth Secure In case of death of the Life Insured during the policy term and while the policy is in force, the Claimant shall get,\nHighest of, ... i) the Basic Sum Assured less Partial Withdrawals made during the two-year period immediately preceding the death of the life Insured, or ... ii) the Regular / Single Premium Fund Value of this Policy or ... iii) 105 percent of the total Regular / Single Premiums received up to the date of death less Partial Withdrawals made during the twoyear period immediately preceding the death of the Life Insured ... b) Future Secure\nIn case of death of the Life Insured during the policy term and while the policy is in force, the Claimant shall get a lumpsum benefit (as described below) immediately on death and the policy shall continue till the end of the policy term. Additionally, the Company shall fund all future due premiums after the date of death of the Life Insured. ... i) the Basic Sum Assured, or ... ii) 105 percent of the total Regular/Single Premiums received up to the date of death ... c) Goal Secure\nIn case of death of the Life during the Policy Term and while the policy is in force, the Claimant shall get,\nHighest of, ... i) Sum of the Basic Sum Assured and the Regular / Single Premium Fund Value of this Policy, or ... ii) 105 percent of the total Regular/Single Premiums received up to the date of death ... d) Family Secure\nIn case of death of the Life Insured during the policy term and while the policy is in force, the Claimant shall get a lumpsum benefit (as described below) immediately on death and the policy shall continue till the end of the policy term. Additionally, the Company shall fund all future due premiums after the date of death of the Life Insured. ... Furthermore, the Claimant shall get 1% of the Basic Sum Assured as guaranteed regular income per month till the end of Policy Term subject to a minimum period of 36 months and a maximum period of 120 months from date of death of the Life Insured.","sources":[{"clause":"3.1(a)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-1-a"},{"clause":"3.1(a)(i)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-1-a-i"},{"clause":"3.1(a)(ii)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-1-a-ii"},{"clause":"3.1(a)(iii)","heading":null,"page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-1-a-iii"},{"clause":"3.1(b)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-1-b"},{"clause":"3.1(b)(i)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-1-b-i"},{"clause":"3.1(b)(ii)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-1-b-ii"},{"clause":"3.1(c)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-1-c"},{"clause":"3.1(c)(i)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-1-c-i"},{"clause":"3.1(c)(ii)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-1-c-ii"},{"clause":"3.1(d)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-1-d"},{"clause":"3.1(d)(ii)","heading":null,"page":4,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-1-d-ii"}],"law":[]},{"key":"maturity_benefit","label":"Maturity benefit","section":"Cover","meaning":"What you get if you survive to the end of the term.","status":"quote-verified","value":"The maturity benefit is the Fund Value, including Top-Up Premium Fund Value, if any, valued at the applicable NAV on the date of maturity. For Wealth Secure and Goal Secure it is payable if the life insured is alive on maturity; for Future Secure and Family Secure it is payable to the policyholder if alive or to the claimant if the life insured died before maturity.","display":"Fund Value, including Top-Up Premium Fund Value, if any, at applicable NAV on maturity","note":null,"quote":"The Maturity Benefit shall be the Fund Value, including Top-Up Premium Fund Value, if any, valued at applicable NAV on the date of Maturity.\na) Wealth Secure If the Life Insured is alive on the Maturity Date, the Maturity Benefit shall be payable.\nb) Future Secure The Maturity Benefit shall be payable:\n• to the policyholder (in case the Life Insured is alive as on the Maturity Date); OR\n• to the Claimant (in case where the Life Insured has died before maturity).\nc) Goal Secure If the Life Insured is alive on the Maturity Date, the Maturity Benefit shall be payable.\nd) Family Secure The Maturity Benefit shall be payable:\n• to the Policyholder (in case the Life Insured is alive as on the Maturity Date); OR\n• to the Claimant (in case where the Life Insured has died before maturity).","sources":[{"clause":"3.2","heading":"MATURITY BENEFIT","page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-2"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"not-stated","value":null,"display":null,"note":"The supplied documents state that Single Pay, Limited Pay and Regular Pay are available, but do not print the product-level premium paying term years.","quote":null,"sources":[],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"not-stated","value":null,"display":null,"note":"The supplied wording/CIS do not print the maximum maturity age.","quote":null,"sources":[],"law":[]},{"key":"suicide_clause","label":"Suicide clause","section":"Exclusions","meaning":"What is paid if death is by suicide within the first 12 months.","status":"quote-verified","value":"If death is due to suicide within 12 months from policy commencement or revival, the claimant or legal heir is entitled to the Total Fund Value available on the date of intimation of death. Any charges other than fund management charges recovered after death are added back to that fund value.","display":"Within 12 months of commencement or revival: Total Fund Value on date of intimation; post-death charges other than FMC added back","note":null,"quote":"In case of death due to suicide within 12 (twelve) months from the Date of Commencement of the Policy or Date of Revival of the Policy, as applicable, Your Claimant or legal heir shall be entitled to Total Fund Value, available on the date of intimation of death. Any charges, other than Fund Management Charges, recovered subsequent to the date of death shall be added back to Fund Value as available on the date of intimation of death.","sources":[{"clause":"6.2","heading":"SUICIDE EXCLUSION","page":29,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-6-2"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 21","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 35","url":"https://indiainsurances.com/law/irdai-life-products-2024"}]},{"key":"surrender","label":"Surrender value","section":"Renewal and rights","meaning":"What you get if you stop the policy early, and from when.","status":"quote-verified","value":"The policy can be completely withdrawn or surrendered anytime during the policy term. Within 5 policy years, the proceeds of the Discontinued Policy Fund are paid at the end of the lock-in period and no risk cover is available during discontinuance; after 5 policy years, the surrender value equals the total Fund Value on the date of complete withdrawal.","display":"Surrender anytime; within 5 years proceeds paid at end of lock-in, after 5 years total Fund Value is payable","note":null,"quote":"4.6. COMPLETE WITHDRAWAL You can completely withdraw / surrender Policy anytime during the Policy Term by intimating the Company. ... a) Complete withdrawal of this Policy within 5 (five) policy years:\nOn complete withdrawal of the Policy, the Proceeds of Discontinued Policy Fund shall be paid at the end of Lock-in-period. No risk cover shall be available during the Discontinuance period. ... b) Complete withdrawal of Policy after 5 (five) Policy years:\nUpon complete withdrawal of the Policy after five Policy years, the Surrender Value equal to the total Fund Value as on the date of complete withdrawal, shall be payable.","sources":[{"clause":"5","heading":"CPI Inflation rate as published by Ministry of","page":11,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-5"},{"clause":"5(a)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-5-a"},{"clause":"5(b)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-5-b"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.1 to 26.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 26.4 and 26.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 27","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.3","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.16 and 1.17","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(1) to (3)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(4) and (5)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(A)(a)(6) to (9)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)(c)(V)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"paid_up","label":"Paid-up value","section":"Renewal and rights","meaning":"What cover continues if you stop paying premiums after a few years.","status":"quote-verified","value":"For non-single-premium policies, after the lock-in period, non-payment after the grace period converts the policy into a Reduced Paid Up Policy without rider cover. Reduced Paid Up Sum Assured equals Basic Sum Assured multiplied by t/n, where t is total premiums paid and n is total premiums payable during the entire premium payment term.","display":"After 5 years, converts to Reduced Paid Up; Reduced Paid Up Sum Assured = Basic Sum Assured * (t/n)","note":null,"quote":"Upon expiry of the Grace Period, in case of Discontinuance of Policy due to non-payment of Premium after Lock-in-period, the Policy shall be converted into a Reduced Paid Up Policy (as per Clause 4.7 under Part D of this Policy). The Policy shall continue to be Reduced Paid Up Policy without rider cover, if any. ... Reduced Paid Up Sum Assured = Basic Sum Assured * (t/n)\nWhere, t = Total number of Premiums Paid n = Total number of Premiums payable during the entire Premium Payment Term","sources":[{"clause":"4.1(b)(i)","heading":null,"page":9,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-4-1-b-i"},{"clause":"5(b)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-5-b-2"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"conflicting","value":"The wording defines the revival period as 3 consecutive complete years from the date of first unpaid premium. Revival is subject to written application, current health certificate and other evidence of insurability, and payment of all overdue premiums.","display":"3 years from the date of first unpaid premium","note":"Higher-authority wording says the period runs from the date of first unpaid premium. CIS also says: \"within the period of 3 consecutive years from the date of discontinuance of the Policy\".","quote":"“Revival Period” means the period of 3 (three) consecutive complete years from the date of first unpaid premium. ... a) Subject to Clause 4.1 Part D (“Discontinuance of Premium provision”), and subject to (i) Your written application for revival; (ii) production of Insured’s current health certificate and other evidence of insurability satisfactory to Us; (iii) payment of all overdue premiums; the policy may be revived ... it can be revived, within the period of 3 consecutive years from the date of discontinuance of the Policy, subject to:","sources":[{"clause":"2.1","heading":"BASIC DEFINITIONS","page":1,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-2-1"},{"clause":"5(a)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-5-a-3"},{"clause":null,"heading":"Revival of a discontinued policy after lock-in period","page":12,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16135#c-revival-of-a-discontinued-policy-after-lock-in-p"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.6","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.7","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.10","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.28","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.39","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"policy_loan","label":"Policy loan","section":"Renewal and rights","meaning":"Whether you can borrow against the policy.","status":"quote-verified","value":"No loan is available from the company under this policy.","display":"No loan available","note":null,"quote":"4.10. LOAN No loan is available from the Company under this Policy.","sources":[{"clause":"5(d)","heading":null,"page":12,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-5-d-2"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"not-stated","value":null,"display":null,"note":"The wording says riders can be attached, but the supplied base-policy documents do not name the riders available with this product.","quote":null,"sources":[],"law":[]},{"key":"section45","label":"Claims after 3 years (Section 45)","section":"Claims","meaning":"After 3 years a life policy cannot be questioned on any ground, and only for fraud with proof before that.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[{"title":"The Insurance Act, 1938","section":"Section 45","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 10","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.6","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"tax_note","label":"Tax note in the document","section":"Premium","meaning":"What the document says about tax benefits. Not stated when it only says taxes are charged on the premium. Tax law changes; confirm separately.","status":"not-stated","value":null,"display":null,"note":"The wording only says applicable taxes, duties, surcharge, cesses or levies are borne by the policyholder; it does not state tax benefits.","quote":null,"sources":[],"law":[]},{"key":"free_look","label":"Free-look period","section":"Renewal and rights","meaning":"Days after you receive the policy in which you can return it for a refund if you do not agree with its terms.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days from receipt of the Policy Document","note":null,"quote":"Such notice must be signed by the Policyholder and received directly by the Company within 30 days beginning from the date of receipt of the Policy Document, whether received electronically or otherwise.","sources":[{"clause":"5(e)","heading":null,"page":11,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-5-e"}],"law":[{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 5","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(1), 20(2)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(3) to 20(5)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Insurance Regulatory and Development Authority of India (Protection of Policyholders’ Interests, Operations and Allied Matters of Insurers) Regulations, 2024","section":"Reg 20(6)","url":"https://indiainsurances.com/law/irdai-ppi-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, II.8","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, III.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"}]},{"key":"grace_period","label":"Grace period","section":"Renewal and rights","meaning":"Days you get after the due date to pay without losing cover or continuity.","status":"quote-verified","value":{"unit":"days","amount":30},"display":"30 days for all other modes; 15 days for monthly mode","note":"Monthly premium mode has 15 days; all other modes have 30 days.","quote":"A Grace Period of 15 (fifteen) days for monthly mode and 30 (thirty) days for all other modes, from the due date (the “Grace Period”) will be allowed for Premium payments. The Policy will remain in force during the","sources":[{"clause":"3.9","heading":"GRACE PERIOD","page":7,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-9"}],"law":[{"title":"The Insurance Act, 1938","section":"Section 50","url":"https://indiainsurances.com/law/insurance-act-1938"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 8","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Health Insurance Business, 2024","section":"Ch I Para 9","url":"https://indiainsurances.com/law/irdai-health-mc-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 8","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part B, IV.2","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Para 3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.2","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule III, Para 1.3","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"eligibility_entry_age","label":"Entry age","section":"Eligibility","meaning":"The youngest and oldest age at which you can buy this policy.","status":"not-stated","value":null,"display":null,"note":"The supplied wording/CIS do not print the minimum and maximum entry ages.","quote":null,"sources":[],"law":[]},{"key":"premium_modes","label":"Premium payment options","section":"Premium","meaning":"How often you can pay: yearly, half-yearly, quarterly, monthly.","status":"quote-verified","value":["annual","semi-annual","quarterly","monthly"],"display":"annual, semi-annual, quarterly and monthly","note":null,"quote":"Subject to Our minimum premium requirements and approval, Regular Premium may be paid on annual, semi-annual, quarterly and monthly mode.","sources":[{"clause":"3.5","heading":"REGULAR PREMIUM","page":6,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3-5"}],"law":[]},{"key":"premium_type","label":"Premium payment type","section":"Premium","meaning":"Single premium, regular premium (every year of the term) or limited premium (fewer years than the term).","status":"quote-verified","value":["Single Pay","Limited Pay","Regular Pay"],"display":"Single Pay, Limited Pay and Regular Pay","note":null,"quote":"The plan also offers flexibility of premium payment through Single Pay, Limited Pay and Regular Pay, choice of funds to suit the risk appetite of the customer.","sources":[{"clause":"3","heading":"PART C","page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-3"}],"law":[]},{"key":"lock_in","label":"Lock-in period","section":"Renewal and rights","meaning":"Years before you can withdraw. ULIPs have a 5-year lock-in.","status":"quote-verified","value":{"unit":"years","amount":5},"display":"5 consecutive years from the Date of Commencement of the Policy","note":"Every Top-Up Premium also has a 5-year lock-in from approval, except in case of complete withdrawal.","quote":"“Lock-in period” means the period of five consecutive years from the Date of Commencement of the Policy, during which period the proceeds of the policies cannot be paid by Us to You or to the Insured, as the case may be, except in the case of death or upon the happening of any other contingency covered under the Policy.","sources":[{"clause":"2.1","heading":"BASIC DEFINITIONS","page":1,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-2-1"}],"law":[{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.1 and 40.1.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 40.1.5","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Chapter 1, Para 4","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 42","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Life Insurance Products, 2024","section":"Para 54.1 and 54.2","url":"https://indiainsurances.com/law/irdai-life-products-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, IV.5","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"Master Circular on Protection of Policyholders' Interests, 2024","section":"Sec 1, Part A, V.3","url":"https://indiainsurances.com/law/irdai-ppi-mc-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 1.22 to 1.24","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 4(B)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vii) to (ix)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"},{"title":"IRDAI (Insurance Products) Regulations, 2024","section":"Schedule I, Para 2(A)(vi)","url":"https://indiainsurances.com/law/irdai-products-regs-2024"}]},{"key":"funds","label":"Fund options","section":"Cover","meaning":"The investment funds you can choose and their risk.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"premium_allocation_charge","label":"Premium allocation charge","section":"Charges","meaning":"Part of each premium taken before investing.","status":"quote-verified","value":"There is no Premium Allocation Charge on base premium and top-up premium.","display":"No Premium Allocation Charge on base premium and Top-up premium","note":null,"quote":"Premium Allocation Charge There is no Premium Allocation Charge on base premium and Top-up premium.","sources":[{"clause":"6(a)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-6-a-11"}],"law":[]},{"key":"policy_admin_charge","label":"Policy administration charge","section":"Charges","meaning":"Monthly charge deducted from your fund.","status":"quote-verified","value":"A monthly Policy Administration Charge is deducted by cancelling units. For Single Pay it is 0.025% per annum of Single Premium per month capped at INR 500; for Limited/Regular Pay it is 0.25% p.a. of Annualised premium throughout the policy term capped at INR 500; for online and digital sales, no policy administration charges apply after the 10th policy year.","display":"Monthly; Single Pay 0.025% p.a. of Single Premium per month capped at INR 500; Limited/Regular Pay 0.25% p.a. of Annualised premium capped at INR 500","note":null,"quote":"A monthly Policy Administration Charge will be deducted by cancelling Units at the NAV of the Units from the Fund Value of the Policy. ... For Single Pay –\n0.025% per annum of Single Premium per month with maximum capping of INR 500.\nFor Limited/ Regular Pay -\n0.25% p.a. of Annualised premium throughout the Policy term with maximum capping of INR 500.\nIn case of Online and Digital Sales, no policy administration charges are applicable after 10th policy year.","sources":[{"clause":"6(a)","heading":null,"page":19,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-6-a-11"}],"law":[]},{"key":"fund_management_charge","label":"Fund management charge","section":"Charges","meaning":"Yearly charge on fund value; capped at 1.35% by IRDAI.","status":"quote-verified","value":"Fund Management Charge is 1.20% p.a. for several older funds and 1.35% p.a. for Flexi Growth Fund II, Whole Life Income Fund II and newer index/opportunity funds listed. The Discontinued Policy Fund charge is 0.5% p.a.; all FMCs are subject to revision with IRDAI approval but shall not exceed 1.35% p.a. of Fund Value.","display":"1.20% or 1.35% p.a. by fund; Discontinued Policy Fund 0.5% p.a.; cap 1.35% p.a.","note":null,"quote":"Fund Management Charges (FMC)\nFunds | FMC per\nWhole Life Mid Cap Equity Fund (SFIN: ULIF 009 04/01/07 WLE | 1.20%\nLarge Cap Equity Fund (SFIN: ULIF 017 07/01/08 TLC 110) | 1.20% ... Flexi Growth Fund II (SFIN: ULIF 074 02/05/24 FG2 110) | 1.35%\nWhole Life Income Fund II (SFIN: ULIF 076 06/06/24 WI2 110) | 1.35% ... Enhanced Value Index Fund (SFIN: ULIF 098 16/02/26 EVI 110) | 1.35%\nFund Management Charge of 0.5% p.a. will be charged on Discontinued Policy Fund. ... All FMC above are subject to revision by Us with prior approval of IRDA of India but shall not exceed 1.35% p.a. of the Fund Value, which is the current limit specified by the Authority and can change from time to time.","sources":[{"clause":null,"heading":"Fund Profile","page":21,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681#c-fund-profile"}],"law":[]},{"key":"mortality_charge","label":"Mortality charge","section":"Charges","meaning":"Cost of life cover, deducted monthly by age.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"discontinuance_charge","label":"Discontinuance charge","section":"Charges","meaning":"Charge if you stop paying in the first five years.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]},{"key":"switches_withdrawals","label":"Switches and partial withdrawals","section":"Renewal and rights","meaning":"Free fund switches and withdrawals after lock-in.","status":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"law":[]}],"documents":[{"kind":"wording","label":"Tata AIA Smart SIP 110L174V01 T&C","pages":36,"fetched_at":"2026-10-17 20:14:25+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/pdf/download-centre/english/withdrawn-plans/tata-aia-smart-sip/Tata-AIA-Smart-SIP-110L174V01-TandC.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16659"},{"kind":"wording","label":"Policy Document","pages":38,"fetched_at":"2026-10-17 20:14:51+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/life-insurance-plans/wealth-solutions/smart-sip/SSIP-V2-policy-document.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16681"},{"kind":"cis","label":"Customer Information Sheet","pages":14,"fetched_at":"2026-10-17 20:04:20+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/life-insurance-plans/wealth-solutions/smart-sip/Tata-AIA-Smart-SIP-Customer-Information-Sheet-V02.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02/document/16135"}],"versions":[{"uin":"110L174V01","version":null,"approved_on":null},{"uin":"110L174V02","version":null,"approved_on":null}],"where_to_buy":[{"purpose":"buy","kind":"insurer","name":"TATA AIA Life Insurance official website","url":"http://tataaia.com/","note":"Website as listed by IRDAI. Not checked: the site blocks automated requests (bot wall) for our crawler on 2026-10-19; we do not bypass walls."},{"purpose":"buy","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"claims_and_complaints":[{"purpose":"claim","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."},{"purpose":"grievance","kind":"official","name":"Bima Bharosa (IRDAI grievance portal)","url":"https://bimabharosa.irdai.gov.in/","note":"Register and track a complaint against any insurer with IRDAI. Complain to the insurer first; escalate here if the reply is late or unsatisfactory."},{"purpose":"grievance","kind":"official","name":"e-Daakhil (consumer commission e-filing)","url":"https://edaakhil.nic.in/","note":"Not reachable from our crawler on 2026-10-19; use e-Jagriti if this link does not open."},{"purpose":"grievance","kind":"official","name":"e-Jagriti (consumer commission filing)","url":"https://e-jagriti.gov.in/","note":"Ministry of Consumer Affairs platform for consumer commission cases, a route for insurance disputes that the Ombudsman does not settle."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Ahmedabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Gujarat, Dadra & Nagar Haveli, Daman and Diu. Email: oio.ahmedabad@cioins.co.in. Phone: 079 - 25501201/02. Address: Office of the Insurance Ombudsman, Jeevan Prakash Building, 6th floor, Tilak Marg, Relief Road, AHMEDABAD – 380 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bengaluru","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Karnataka. Email: oio.bengaluru@cioins.co.in. Phone: 080 - 26652048 / 26652049. Address: Office of the Insurance Ombudsman, Jeevan Soudha Building,PID No. 57-27-N-19 Ground Floor, 19/19, 24th Main Road, JP Nagar, Ist Phase, Bengaluru – 560 078."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhopal","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Madhya Pradesh, Chhattisgarh. Email: oio.bhopal@cioins.co.in. Phone: 0755 - 2769201 / 2769202 / 2769203. Address: Office of the Insurance Ombudsman, 1st floor,\"Jeevan Shikha\", 60-B,Hoshangabad Road, Opp. Gayatri Mandir,Arera Hills Bhopal – 462 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Bhubaneswar","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Odisha. Email: oio.bhubaneswar@cioins.co.in. Phone: 0674 - 2596461 /2596455/2596429/2596003. Address: Office of the Insurance Ombudsman, 62, Forest park, Bhubaneswar – 751 009."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chandigarh","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Punjab, Haryana (excluding Gurugram, Faridabad, Sonepat and Bahadurgarh), Himachal Pradesh, Union Territories of Jammu & Kashmir,Ladakh & Chandigarh. Email: oio.chandigarh@cioins.co.in. Phone: 0172-2706468. Address: Office Of The Insurance Ombudsman, Jeevan Deep Building SCO 20-27, Ground Floor Sector- 17 A, Chandigarh – 160 017."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Chennai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Tamil Nadu, PuducherryTown and Karaikal (which are part of Puducherry). Email: oio.chennai@cioins.co.in. Phone: 044 - 24333668 / 24333678. Address: Office of the Insurance Ombudsman, Fatima Akhtar Court, 4th Floor, 453, Anna Salai, Teynampet, CHENNAI – 600 018."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Delhi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Delhi & following Districts of Haryana - Gurugram, Faridabad, Sonepat & Bahadurgarh. Email: oio.delhi@cioins.co.in. Phone: 011 - 46013992/23213504/23232481. Address: Office of the Insurance Ombudsman, 2/2 A, Universal Insurance Building, Asaf Ali Road, New Delhi – 110 002."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Guwahati","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Assam, Meghalaya, Manipur, Mizoram, Arunachal Pradesh, Nagaland and Tripura. Email: oio.guwahati@cioins.co.in. Phone: 0361 - 2632204 / 2602205 / 2631307. Address: Office of the Insurance Ombudsman, Jeevan Nivesh, 5th Floor, Near Pan Bazar , S.S. Road, Guwahati – 781001(ASSAM)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Hyderabad","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Andhra Pradesh, Telangana, Yanam and part of Union Territory of Puducherry. Email: oio.hyderabad@cioins.co.in. Phone: 040 - 23312122 / 23376991 / 23376599 / 23328709 / 23325325. Address: Office of the Insurance Ombudsman, 6-2-46, 1st floor, \"Moin Court\", Lane Opp.Hyundai Showroom , A. C. Guards, Lakdi-Ka-Pool, Hyderabad - 500 004."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Jaipur","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Rajasthan. Email: oio.jaipur@cioins.co.in. Phone: 0141- 2740363. Address: Office of the Insurance Ombudsman, Jeevan Nidhi – II Bldg., Gr. Floor, Bhawani Singh Marg, Jaipur - 302 005."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kochi","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Kerala, Lakshadweep, Mahe-a part of Union Territory of Puducherry. Email: oio.ernakulam@cioins.co.in. Phone: 0484 - 2358759. Address: Office of the Insurance Ombudsman, 10th Floor, Jeevan Prakash,LIC Building, Opp to Maharaja's College Ground,M.G.Road, Kochi - 682 011."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Kolkata","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: West Bengal, Sikkim, Andaman & Nicobar Islands. Email: oio.kolkata@cioins.co.in. Phone: 033 - 22124339 / 22124341. Address: Office of the Insurance Ombudsman, Hindustan Bldg. Annexe, 7th Floor, 4, C.R. Avenue, KOLKATA - 700 072."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Lucknow","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Districts of Uttar Pradesh : Lalitpur, Jhansi, Mahoba, Hamirpur, Banda, Chitrakoot, Allahabad, Mirzapur, Sonbhabdra, Fatehpur, Pratapgarh, Jaunpur,Varanasi, Gazipur, Jalaun, Kanpur, Lucknow, Unnao, Sitapur, Lakhimpur, Bahraich, Barabanki, Raebareli, Sravasti, Gonda, Faizabad, Amethi, Kaushambi, Balrampur, Basti, Ambedkarnagar, Sultanpur, Maharajgang, Santkabirnagar, Azamgarh, Kushinagar, Gorkhpur, Deoria, Mau, Ghazipur, Chandauli, Ballia, Sidharathnagar. Email: oio.lucknow@cioins.co.in. Phone: 0522 - 4002082 / 3500613. Address: Office of the Insurance Ombudsman, 6th Floor, Jeevan Bhawan, Phase-II, Nawal Kishore Road, Hazratganj, Lucknow - 226 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Mumbai","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: List of wards under Mumbai Metropolitan Region excluding wards in Mumbai – i.e M/E, M/W, N , S and T covered under Office of Insurance Ombudsman Thane and excluding areas of Navi Mumbai. Email: oio.mumbai@cioins.co.in. Phone: 022 - 69038800/27/29/31/32/33. Address: Office of the Insurance Ombudsman, 3rd Floor, Jeevan Seva Annexe, S. V. Road, Santacruz (W), Mumbai - 400 054."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Noida","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Uttarakhand and the following Districts of Uttar Pradesh: Agra, Aligarh, Bagpat, Bareilly, Bijnor, Budaun, Bulandshehar, Etah, Kannauj, Mainpuri, Mathura, Meerut, Moradabad, Muzaffarnagar, Oraiyya, Pilibhit, Etawah, Farrukhabad, Firozbad, Gautam Buddh nagar, Ghaziabad, Hardoi, Shahjahanpur, Hapur, Shamli, Rampur, Kashganj, Sambhal, Amroha, Hathras, Kanshiramnagar, Saharanpur. Email: oio.noida@cioins.co.in. Phone: 0120-4027589. Address: Office of the Insurance Ombudsman, Bhagwan Sahai Palace 4th Floor, Main Road, Naya Bans, Sector 15, Distt: Gautam Buddh Nagar, U.P-201301."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: offices and jurisdiction","url":"https://www.cioins.co.in/Ombudsman","note":"Addresses, phone numbers, e-mail and the states or districts each Ombudsman office covers."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Patna","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Bihar, Jharkhand. Email: oio.patna@cioins.co.in. Phone: 0612-2547068. Address: Office of the Insurance Ombudsman, 2nd Floor, Lalit Bhawan, Bailey Road, Patna 800 001."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Pune","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: State of Goa and State of Maharashtra excluding areas of Navi Mumbai, Thane district,Palghar District, Raigad district & Mumbai Metropolitan Region. Email: oio.pune@cioins.co.in. Phone: 020-24471175. Address: Office of the Insurance Ombudsman, Jeevan Darshan Bldg., 3rd Floor, C.T.S. No.s. 195 to 198, N.C. Kelkar Road, Narayan Peth, Pune – 411 030."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman: register a complaint online","url":"https://cioins.co.in/Complaint/Online","note":"Council for Insurance Ombudsmen. Free. For disputes with an insurer after its own grievance process; the office is chosen by where you live (see the offices list)."},{"purpose":"grievance","kind":"official","name":"Insurance Ombudsman, Thane","url":"https://www.cioins.co.in/Ombudsman","note":"Covers: Area of Navi Mumbai, Thane District, Raigad District, Palghar District and wards of Mumbai , M/East, M/West, N, S and T. Email: oio.thane@cioins.co.in. Phone: 022-20812868/69. Address: Office of the Insurance Ombudsman, Jeevan Chintamani Building, 2nd Floor,Near New RTO Office, Louis Wadi,Vasantrao Naik Mahamarg, Thane (West)- 400604."},{"purpose":"grievance","kind":"official","name":"National Consumer Helpline","url":"https://consumerhelpline.gov.in/public/","note":"Government consumer helpline; can take up a complaint before you go to a consumer commission."},{"purpose":"port","kind":"ours","name":"Get free help from IndiaInsurances","url":"/help","note":"Free. We do not sell insurance and earn no commission; your request is not passed to anyone."}],"notice":"Information, not advice. IndiaInsurances is not an insurer or an insurance intermediary, does not sell insurance and earns no commission. Policy terms change and your own policy schedule can differ: always confirm with the policy document and the insurer before you buy or claim.","cite_as":"Smart SIP (UIN 110L174V02), IndiaInsurances, https://indiainsurances.com/policy/tata-aia-life-insurance/smart-sip-110l174v02"}