{"uin":"110L182V06","name":"Tata AIA Smart Pension Secure","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06","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":"2025-01-16","withdrawn_on":null,"summary":"Tata AIA Smart Pension Secure is a non-participating, unit-linked, individual life insurance pension plan with two options: Smart Pension Secure and Smart Pension Secure Plus. It has a five-year lock-in period, no premium allocation charge, no policy loan, and fund options with risks from Low to High.","analysis":{"state":"machine","analysed_at":"2026-10-19 23:09:59.017289+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":["Option 1: Smart Pension Secure","Option 2: Smart Pension Secure Plus"],"display":"Option 1: Smart Pension Secure; Option 2: Smart Pension Secure Plus","note":"Under Option 2, the policyholder can opt for Death or Death and Accidental Total and Permanent Disability.","quote":"The plan is offered under 2 options:\n• Option 1: Smart Pension Secure\n• Option 2: Smart Pension Secure Plus","sources":[{"clause":"Part C","heading":null,"page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-c"}],"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 wording refers to the Policy Term and Policy Schedule, but does not state the product's policy 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":"Please inform the company immediately upon occurrence of death. All death cases must be notified in writing within 90 days, though delay may be condoned on merit where the reason is beyond the claimant's control.","display":"Immediately on death; written notice within 90 days","note":null,"quote":"All cases of death must be local government body like notified, within a period of 90 days, to us in Municipal Corporation writing. However, We may condone delay on ... Please inform the company immediately upon occurrence of death.","sources":[{"clause":"13.1","heading":"DEATH CLAIMS REQUIREMENTS","page":11,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-13-1"},{"clause":"13.3","heading":"CLAIMS INTIMATION PROCESS","page":12,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-13-3"}],"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":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"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":"not-stated","value":null,"display":null,"note":"For death claims, the wording refers to processing within the extant regulatory timeline and interest for delay, but does not state the number of days. It states maturity payout should be released on or before the Maturity Date.","quote":null,"sources":[],"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":"not-stated","value":null,"display":null,"note":null,"quote":null,"sources":[],"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":"Customers can first register grievances with Tata AIA through its helpline, complaints email, online policy account, branches/CAMS service centres, agent/distributor, or by writing to the Customer Service Department. If not satisfied or no response is received within the stipulated timelines, they may escalate to the Grievance Redressal Officer at GRO@tataaia.com before approaching IRDAI or the Ombudsman.","display":"First Tata AIA customer service; then Grievance Redressal Officer at GRO@tataaia.com","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 ... Customer Service Department Tata AIA Life Insurance Company Ltd. ... 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) ... customers can email to GRO@tataaia.com","sources":[{"clause":"1","heading":"Resolution of Grievances","page":35,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-1-3"},{"clause":"2","heading":"Escalation Mechanism","page":35,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-2-3"}],"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":null,"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":"For Option 1, on death during the policy term while in force, the higher of the Regular/Single Premium Fund Value or 105% of total Regular/Single Premiums received up to death less deductible partial withdrawals is payable, plus the higher of approved Top-Up Sum Assured or Top-Up Premium Fund Value if there is a top-up fund. For Option 2, the company waives and funds future premiums after death or ATPD as chosen, and on death pays a lump sum of 105% of total Regular/Single Premiums received up to death plus approved Top-Up Sum Assured if applicable.","display":"Option 1: higher of fund value or 105% of premiums received less recent partial withdrawals, plus top-up benefit. Option 2: waiver/funding of future premiums, and on death a lump sum 105% of premiums received plus top-up sum assured if applicable.","note":"In Option 2, where ATPD occurs, no other benefit is payable on occurrence of ATPD.","quote":"On death of the Life Insured during the Policy Term, below benefit shall be payable, provided the Policy is in force:\nHighest of ... i) 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 Less partial withdrawals made during the two-year period immediately preceding the death of the Life Insured ... a) the approved Top-Up Sum Assured(s); or ... b) Top-Up Premium Fund Value of the Policy is also payable provided You have a Top-Up Premium Fund Value. ... Lumpsum benefit equal to 105 percent of the total Regular/Single Premiums received up to the date of death ... the Company shall fund all future due premiums after the date of death ... on occurrence of earlier of Accidental Total and Permanent Disability or death, the Company shall fund all future premium due date(s) ... In addition, upon death, Lumpsum benefit equal to 105% of the total Regular/Single Premiums received up to the date of death. ... In addition to lumpsum death benefit, the approved Top-Up Sum Assured(s) is also payable provided the Policyholder has a Top-Up Premium Fund Value.","sources":[{"clause":null,"heading":"Option 1 – Smart Pension Secure","page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-option-1-smart-pension-secure"},{"clause":"1(i)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-1-i"},{"clause":"1(ii)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-1-ii"},{"clause":"1(a)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-1-a"},{"clause":"1(b)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-1-b"},{"clause":"1(a)","heading":null,"page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-1-a-2"},{"clause":"1(b)","heading":null,"page":6,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-1-b-2"}],"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":"At vesting, the benefit is the Fund Value including Top-Up Premium Fund Value, if any, valued at the applicable NAV on the date of vesting. The policyholder may extend the accumulation or deferment period within the same policy on the same terms if below age 60 years.","display":"Vesting benefit equal to Fund Value including Top-Up Premium Fund Value at applicable NAV","note":null,"quote":"Vesting Benefit equal to the Fund Value, including Top-Up Premium Fund Value, if any, valued at applicable NAV as on the date of Vesting.\nYou will also have the option to extend the accumulation period or deferment period within the same policy with the same terms and conditions as the original policy provided You are below the age of 60 years.","sources":[{"clause":"2","heading":"VESTING BENEFIT","page":6,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-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 wording states that Single Pay, Limited Pay and Regular Pay are available, but does not state the premium paying term range.","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 wording does not state the maximum maturity or vesting 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 the policy commencement date or revival date, the nominee or legal heir is entitled to the total Fund Value available on the date of intimation of death, and charges other than Fund Management Charge recovered after death are paid back to the fund value.","display":"Within 12 months: total Fund Value on date of intimation of death","note":null,"quote":"In case of death due to suicide within 12 months from the Date of Commencement of the Policy or Date of Revival of the Policy, Your nominee or legal heir shall be entitled to total Fund value, available on the date of intimation of death.\nAny charges, other than Fund Management Charge, recovered subsequent to the date of death shall be paid back to the fund value as available on the date of intimation of death.","sources":[{"clause":"2.1","heading":"SUICIDE EXCLUSION","page":33,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-2-1"}],"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 five policy years, fund value less applicable discontinuance charge is moved to the Discontinued Pension Policy Fund and proceeds are payable at the end of the lock-in period; after five policy years, the surrender value equals total fund value as on the date of surrender and must be used for the annuity or commutation options stated in the policy.","display":"Surrender anytime; within 5 years, fund value less discontinuance charge payable at end of lock-in; after 5 years, Total Fund Value payable subject to pension utilisation options","note":"The surrender proceeds are subject to pension-plan utilisation options, including purchase of immediate or deferred annuity and commutation up to 60% as stated in the policy.","quote":"You can completely withdraw / surrender the Policy anytime during the Policy Term by intimating the Company. ... Complete withdrawal/Surrender of this Policy within Five (5) Policy Years:\nOn complete withdrawal or Surrender of the Policy, Surrender Value i.e., the total Fund Value less applicable Discontinuance Charge as on the date of Discontinuance shall be credited to the ‘Discontinued Pension Policy Fund’ and the Proceeds of the Discontinued Policy shall be payable at the end of Lock-in-period ... Complete withdrawal/Surrender of Policy after Five (5) Policy Years:\nUpon complete withdrawal or Surrender of the Policy after five (5) Policy years, the Surrender Value which is equal to the Total Fund Value as on the date of complete withdrawal/ Surrender, shall be payable","sources":[{"clause":null,"heading":"17. COMPLETE WITHDRAWAL/SURRENDER","page":15,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-17-complete-withdrawal-surrender"},{"clause":"Part D(a)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-d-a-3"},{"clause":"Part D(b)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-d-b-3"}],"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":"After the lock-in period, if premiums are discontinued after the grace period, the policy is converted into a Reduced Paid-Up Policy without rider cover, and mortality charges are deducted based on the Reduced Paid-Up Sum Assured. The Reduced Paid-up Sum Assured is 105% of Total Premiums Paid.","display":"After 5 years: Reduced Paid-Up Policy; Reduced Paid-up Sum Assured = 105% of Total Premiums Paid","note":"If premium is discontinued within five years, the fund is moved to the Discontinued Policy Fund and risk cover and rider cover cease.","quote":"Discontinuance of Premium after Five Years from the Date of Commencement of Policy 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 ... However, the Mortality Charges shall be deducted based on the Reduced Paid-Up Sum Assured. ... Reduced Paid-up Sum Assured shall be equal to 105% of Total Premiums Paid.","sources":[{"clause":"Part D(b)","heading":null,"page":13,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-d-b"},{"clause":null,"heading":"18. REDUCED PAID UP","page":16,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-18-reduced-paid-up"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"quote-verified","value":"The revival period is three consecutive complete years from the date of first unpaid premium. Revival requires written application, current health certificate and other satisfactory evidence of insurability, and payment of overdue premiums without interest or fee.","display":"3 years from first unpaid premium","note":null,"quote":"“Revival Period” means the period of 3 (three) consecutive complete years from the date of first unpaid premium. ... 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 (without interest or fee); the Policy may be revived.","sources":[{"clause":null,"heading":"“Regular Premium Fund Value","page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-regular-premium-fund-value"},{"clause":"Part D(a)","heading":null,"page":17,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-d-a-5"}],"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":"No loan is available from the Company under this Policy.","sources":[{"clause":null,"heading":"22. LOAN","page":17,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-22-loan"}],"law":[]},{"key":"riders_available","label":"Riders available","section":"Cover","meaning":"Optional add-ons such as accidental death, critical illness or waiver of premium.","status":"quote-verified","value":["Waiver of Premium Rider","Waiver of Premium Plus Rider","Accidental Death and Dismemberment Rider"],"display":"Waiver of Premium Rider, Waiver of Premium Plus Rider, Accidental Death and Dismemberment Rider","note":"Riders are for additional premium or charge and are not treated as base policy benefits.","quote":"The premium paying Rider/s (i.e., Unit-deducting or premium paying riders as available) may be attached at the inception of the Policy or any Policy Anniversary, provided the policy term of Waiver of Premium Rider and Waiver of Premium Plus Rider should not be more than the outstanding premium paying term of the base plan and the policy term of Accidental Death and Dismemberment Rider should not be more than the outstanding policy term of the base plan.","sources":[{"clause":"Part C","heading":null,"page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-c"}],"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":"quote-verified","value":"No life insurance policy can be called into question on any ground after three years from the later of issuance, commencement of risk, revival or rider date. Within three years it may be questioned for fraud or material misstatement, with written communication of the grounds and materials.","display":"Cannot be questioned after 3 years; within 3 years only on stated grounds such as fraud or material misstatement","note":null,"quote":"No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 yrs from ... a) the date of issuance of policy or ... b) the date of commencement of risk or ... c) the date of revival of policy or ... d) the date of rider to the policy\nwhichever is later. ... On the ground of fraud, a policy of Life Insurance may be called in question within 3 years ... Life insurance Policy can be called in question within 3 years on the ground that any statement of or suppression of a fact material to expectancy of life of the Life Assured was incorrectly made","sources":[{"clause":null,"heading":"C. Section 45 – Policy shall not be called in","page":44,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-c-section-45-policy-shall-not-be-called-in"},{"clause":"17(a)","heading":null,"page":44,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-17-a"},{"clause":"17(b)","heading":null,"page":44,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-17-b"},{"clause":"17(c)","heading":null,"page":44,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-17-c"},{"clause":"17(d)","heading":null,"page":44,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-17-d"},{"clause":"17(d)","heading":null,"page":44,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-17-d-2"},{"clause":"17(d)","heading":null,"page":45,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-17-d-3"}],"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":"quote-verified","value":"Income tax benefits are available as per prevailing tax laws, subject to fulfillment of conditions, and tax laws may change. The policy asks the policyholder to consult their own tax consultant.","display":"Income tax benefits as per prevailing tax laws, subject to conditions","note":null,"quote":"Income tax benefits shall be available as per the prevailing tax laws subject to fulfillment of conditions stipulated therein. Tax laws are subject to change from time to time. Please consult Your own tax consultant to understand the tax benefits available to You.","sources":[{"clause":"7","heading":"TAXES","page":34,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-7-2"}],"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","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":null,"heading":"19. FREE LOOK PERIOD","page":16,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-19-free-look-period"}],"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; 15 days for monthly mode","note":"For monthly premium mode, the grace period is 15 days; for all other cases, it is 30 days.","quote":"The grace period for payment of the premium for all types of life insurance policies shall be 15 (fifteen) days, where the policyholder pays the premium on a monthly basis and 30 (thirty) days in all other cases.","sources":[{"clause":null,"heading":"“Fund Management Charge”","page":2,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-fund-management-charge"}],"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 wording does not state the minimum and maximum entry age.","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","half-yearly","quarterly","monthly"],"display":"Annual, half-yearly, quarterly or monthly","note":"Enhanced SMART requires annual mode.","quote":"Premiums are payable in annual, half-yearly, quarterly or monthly mode. ... Monthly | Annualised Premium / 12 ... Quarterly | Annualised Premium / 4 ... Half-yearly | Annualised Premium / 2 ... Annually | Annualised Premium * 1","sources":[{"clause":"6","heading":"PAYMENT AND CHANGE","page":9,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-6"}],"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 offers flexibility of premium payment through Single Pay, Limited Pay and Regular Pay","sources":[{"clause":"Part C","heading":null,"page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-c"}],"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":"five (5) consecutive years","note":null,"quote":"“Lock-in period” means the period of five (5) 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":null,"heading":"“Lock-in period”","page":2,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-lock-in-period"}],"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":"There is no Premium Allocation Charge on base premium and Top-up premium.","sources":[{"clause":null,"heading":"Where the policy","page":24,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-where-the-policy"}],"law":[]},{"key":"policy_admin_charge","label":"Policy administration charge","section":"Charges","meaning":"Monthly charge deducted from your fund.","status":"quote-verified","value":"For Secure Plus, the policy administration charge is 0.025% of single premium per month, capped at INR 500. For Limited Pay and Regular Pay, it is 0.25% of annualized premium per month, capped at INR 500; for online and digital sales, no policy administration charges apply after the 10th policy year.","display":"Secure Plus: 0.025% of single premium per month capped at INR 500; Limited/Regular Pay: 0.25% of annualized premium per month capped at INR 500","note":null,"quote":"Policy Administration Charge:\nSecure Plus: 0.025% of Single premium per month with maximum capping of INR 500.\nLimited Pay/Regular Pay: 0.25% of annualized premium per month 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":null,"heading":"Where the policy","page":24,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-where-the-policy"}],"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 charges are 1.35% per annum for most pension funds, 1.25% per annum for Future Equity Pension Fund, 0.80% per annum for Income Pension Fund, and 0.5% per annum for the Discontinued Pension Policy Fund. Charges are subject to revision with prior IRDAI approval but cannot exceed 1.35% per annum of fund value, except the discontinued fund cap stated separately.","display":"0.80% to 1.35% p.a.; Discontinued Pension Policy Fund 0.5% p.a.","note":null,"quote":"Fund Management Charges:\nFunds | FMC per annum\nLarge Cap Equity Pension Fund (ULIF 079 01/01/25 LEP 110) | 1.35% ... Income Pension Fund (ULIF 082 01/01/25 IPF 110) | 0.80% ... Future Equity Pension Fund (ULIF 020 04/02/08 FEP 110) | 1.25% ... Fund Management Charge of 0.5% p.a. will be charged on Discontinued Pension Policy Fund. ... All Fund Management Charges above are subject to revision by Company with prior approval of IRDAI but shall not exceed 1.35% per annum of the Fund value","sources":[{"clause":"Schedule OF(b)","heading":null,"page":26,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-schedule-of-b-3"}],"law":[]},{"key":"mortality_charge","label":"Mortality charge","section":"Charges","meaning":"Cost of life cover, deducted monthly by age.","status":"quote-verified","value":"Mortality charge is deducted monthly by cancelling units at current NAV from the fund value at the beginning of each policy month. It equals Sum at Risk multiplied by the applicable monthly mortality rate based on attained age, and additional mortality or morbidity charges apply for waiver of premium benefits under Option 2.","display":"Monthly deduction: SAR multiplied by applicable mortality rate based on attained age","note":"The mortality charge rates by age are set out in the policy's mortality charge table.","quote":"The Mortality Charge shall be deducted by cancelling Units at the current NAV, from the Fund value of the Policy at the beginning of each policy month. ... Mortality charge = Sum at Risk (SAR) multiplied by the applicable Mortality Rate for the month, based on the attained age of the insured. ... an additional mortality/morbidity charge for Waiver of Premium shall be deducted by cancelling Units at the current NAV, from the Fund value of the Policy at the beginning of each policy month","sources":[{"clause":null,"heading":"Where the policy","page":24,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-where-the-policy"},{"clause":"Schedule OF(b)","heading":null,"page":25,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-schedule-of-b-2"}],"law":[]},{"key":"discontinuance_charge","label":"Discontinuance charge","section":"Charges","meaning":"Charge if you stop paying in the first five years.","status":"quote-verified","value":"Discontinuance charges apply during the first four policy years for Single Pay and Limited/Regular Pay, with no charge from policy year 5 onwards. The charge is subject to percentage and rupee caps, and no discontinuance charges apply on Top-Up Premium fund value.","display":"Applies in years 1-4; Nil from year 5 onwards; no discontinuance charge on Top-Up Premium fund value","note":"The exact charge differs by payment type, policy year and premium size.","quote":"Discontinuance Charges:\nThe applicable discontinuance charges are as given below.\nFor Single Pay: ... 1 | Lower of 2% of Single Premium or Single Premium Fund Value subject to a maximum of ₹3000/- ... 4 | Lower of 0.5% of Single Premium or Single Premium Fund Value subject to a maximum of ₹ 1000/- ... 5 and onwards | Nil | Nil ... For Limited / Regular Pay: ... 1 | Lower of 20% of Annualised Premium or Regular Premium Fund Value subject to a maximum of ₹ 3000 ... 4 | Lower of 5% of Annualised Premium or Regular Premium Fund Value subject to a maximum of ₹ 1000 ... 5 and onwards | Nil | Nil\nThere are no discontinuance charges applicable on Top-Up Premium fund value","sources":[{"clause":"Schedule OF","heading":"POLICY CHARGES","page":24,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-schedule-of"},{"clause":null,"heading":"Where the policy","page":24,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-where-the-policy"}],"law":[]},{"key":"switches_withdrawals","label":"Switches and partial withdrawals","section":"Renewal and rights","meaning":"Free fund switches and withdrawals after lock-in.","status":"quote-verified","value":"Fund switching is available by written request and there is no fund switching charge, though it may be restricted under a portfolio strategy. Partial withdrawals are allowed after five policy anniversaries if the policy is in force or reduced paid-up, subject to minimum Rs. 6,000, maximum 25% of fund value, three times during the policy term, and only for stipulated reasons.","display":"Switches allowed with no fund switching charge; partial withdrawals after 5 policy anniversaries, min Rs. 6,000, max 25%, up to 3 times","note":"Stipulated reasons include higher education or marriage of children, treatment of critical illnesses of self/spouse/dependent children, purchase or construction of a residential house or flat, and any other reason allowed by IRDAI rules.","quote":"You may send Us a written request to switch investment between available Funds. ... Switching may be restricted if the portfolio strategy as mentioned in Clause 7 under Part E is chosen. ... Fund Switching Charge:\nThere is no Fund Switching Charge. ... You have an option to partially withdraw from the Fund Value at any time provided the Policy has completed at least five (5) Policy Anniversaries ... No partial withdrawal shall be allowed if the amount payable on such partial withdrawal is less than Six thousand Rupees (Rs. 6,000). ... Partial withdrawal amount shall not exceed 25% of the fund value at the time of partial withdrawal. ... Partial Withdrawal is allowed only three times during the entire Policy Term. ... Partial withdrawal shall be allowed only against the stipulated reasons:","sources":[{"clause":"Part D(a)","heading":null,"page":17,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-d-a-6"},{"clause":"Part D(c)","heading":null,"page":17,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-d-c-3"},{"clause":"Schedule OF(b)","heading":null,"page":26,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-schedule-of-b-3"},{"clause":"Part D(a)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-d-a-2"},{"clause":"Part D(c)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-d-c"},{"clause":"Part D(e)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-d-e"},{"clause":"Part D(h)","heading":null,"page":14,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-d-h"},{"clause":"Part D(k)","heading":null,"page":15,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655#c-part-d-k"}],"law":[]}],"documents":[{"kind":"wording","label":"Tata AIA Smart Pension Secure 110L182V01 T&C","pages":33,"fetched_at":"2026-10-17 20:14:16+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/pdf/download-centre/english/withdrawn-plans/tata-aia-smart-pension-secure/Tata-AIA-Smart-Pension-Secure-110L182V01-TandC.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16646"},{"kind":"wording","label":"Tata AIA Smart Pension Secure 110L182V04 T&C","pages":37,"fetched_at":"2026-10-17 20:14:19+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/pdf/download-centre/english/withdrawn-plans/tata-aia-smart-pension-secure/Tata-AIA-Smart-Pension-Secure-110L182V04-TandC.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16650"},{"kind":"wording","label":"Tata AIA Smart Pension Secure 110L182V07 T&C","pages":53,"fetched_at":"2026-10-17 20:14:20+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/pdf/download-centre/english/withdrawn-plans/tata-aia-smart-pension-secure/Tata-AIA-Smart-Pension-Secure-110L182V07-TandC.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16651"},{"kind":"wording","label":"Tata AIA Smart Pension Secure 110L182V05 T&C","pages":53,"fetched_at":"2026-10-17 20:14:22+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/pdf/download-centre/english/withdrawn-plans/tata-aia-smart-pension-secure/Tata-AIA-Smart-Pension-Secure-110L182V05-TandC.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16652"},{"kind":"wording","label":"Tata AIA Smart Pension Secure 110L182V08 T&C","pages":53,"fetched_at":"2026-10-17 20:14:24+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/pdf/download-centre/english/withdrawn-plans/tata-aia-smart-pension-secure/Tata-AIA-Smart-Pension-Secure-110L182V08-TandC.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16653"},{"kind":"wording","label":"Tata AIA Smart Pension Secure 110L182V06 T&C","pages":53,"fetched_at":"2026-10-17 20:14:23+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/pdf/download-centre/english/withdrawn-plans/tata-aia-smart-pension-secure/Tata-AIA-Smart-Pension-Secure-110L182V06-TandC.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16655"},{"kind":"wording","label":"Policy Document","pages":54,"fetched_at":"2026-10-17 20:14:40+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/life-insurance-plans/retirement-and-pension-solutions/smart-pension-secure/Smart-Pension-Secure-V9-Policy-Document.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16672"},{"kind":"cis","label":"Customer Information Sheet","pages":14,"fetched_at":"2026-10-17 20:03:25+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/life-insurance-plans/retirement-and-pension-solutions/smart-pension-secure/Tata-AIA-Smart-Pension-Secure-Customer-Information-Sheet-V09.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16096"},{"kind":"brochure","label":"Brochure","pages":21,"fetched_at":"2026-10-17 20:03:24+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/life-insurance-plans/retirement-and-pension-solutions/smart-pension-secure/Smart-Pension-Secure-V9-Brochure.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06/document/16098"}],"versions":[{"uin":"110L182V01","version":null,"approved_on":null},{"uin":"110L182V09","version":null,"approved_on":null},{"uin":"110L182V04","version":null,"approved_on":null},{"uin":"110L182V07","version":null,"approved_on":null},{"uin":"110L182V05","version":null,"approved_on":null},{"uin":"110L182V08","version":null,"approved_on":null},{"uin":"110L182V06","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":"Tata AIA Smart Pension Secure (UIN 110L182V06), IndiaInsurances, https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-smart-pension-secure-110l182v06"}