{"uin":"110N153V04","name":"Tata AIA Value Income Plan","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04","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":"savings-life","category_name":"Endowment and savings plans","irdai_type":null,"kind":"product","status":"active","approved_on":null,"withdrawn_on":null,"summary":"Tata AIA Life Value Income Plan is an individual, non-linked, participating endowment assurance insurance plan. It has Endowment and Endowment with Extended Life Cover till age 100 options, with a 30-day free-look period.","analysis":{"state":"machine","analysed_at":"2026-10-20 01:00:00.568258+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 – Endowment","Option 2 – Endowment with Extended Life Cover (ELC) till age 100"],"display":"Option 1 – Endowment; Option 2 – Endowment with Extended Life Cover (ELC) till age 100","note":"From the sales brochure.","quote":"Plan Option | Option 1 – Endowment Option 2 – Endowment with Extended Life Cover (ELC) till age 100","sources":[{"clause":null,"heading":"Eligiblity Criteria","page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16227#c-eligiblity-criteria"}],"law":[]},{"key":"policy_term","label":"Policy term","section":"Eligibility","meaning":"How long one policy runs before it ends or must be renewed.","status":"quote-verified","value":"Policy term is 10 to 40 years, with minimum policy term equal to premium paying term plus 5 years.","display":"10 to 40 years; minimum policy term is premium paying term + 5 years","note":"From the sales brochure.","quote":"Policy Term (PT) | 10 to 40 (Minimum Policy term: Premium Paying Term + 5 years)","sources":[{"clause":null,"heading":"Eligiblity Criteria","page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16227#c-eligiblity-criteria"}],"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":"All death claims must be notified in writing within 90 days. The insurer may condone delay on merit if the reason for delay is beyond the claimant's control.","display":"Death claims: notify within 90 days in writing","note":null,"quote":"Notice of Claim – All cases of death must be notified, within a period of 90 days, 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":"6.8","heading":"CLAIMS","page":6,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-6-8"}],"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 Postmortem report (PMR)/ Autopsy and Viscera report","Copy of the Final Police Investigation report (FPIR)/ Charge sheet"],"display":"Death claim form/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 documents.","note":"The insurer may require additional proof and documents in support of the claim.","quote":"1. Claimant Statement 2. Copy of Death Certificate issued by a local Municipal Authority 3. Original Policy Document 4. Copy of Claimant's Photo Identification Proof & Current Address Proof ... 5. Cancelled cheque with name and account number printed or cancelled cheque with copy of Bank Passbook / Bank Statement 6. 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: 1. Attending Physician's Statement 2. Medical Records* ... In case of an unnatural death (to be submitted in addition to the above) | 1. Copy of the First Information Report (FIR) or Panchanama/Police complaint/ Inquest# 2. Copy of Postmortem report (PMR)/ Autopsy and Viscera report# 3. Copy of the Final Police Investigation report (FPIR)/ Charge sheet#","sources":[{"clause":"6.6","heading":"LOSS OF POLICY DOCUMENT","page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-6-6"},{"clause":"6.8","heading":"CLAIMS","page":6,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-6-8"}],"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 claim settlement TAT is 15 days from receiving all documents, or 45 days from the day of claim intimation if further investigation is required.","display":"15 days from receiving all documents; 45 days from claim intimation if investigation is required","note":"Stated in 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":"Extended Life Cover","page":2,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16164#c-extended-life-cover"}],"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":["death due to suicide within 12 months"],"display":"Suicide within 12 months is subject to the suicide exclusion payout.","note":null,"quote":"In case of death due to suicide within 12 months:\ni) from the date of inception of the policy, the nominee or beneficiary of the policyholder shall be entitled to at least 80% of the premiums paid, provided the policy is in force or\nii) from the date of revival of the policy the nominee or beneficiary of the policyholder shall be entitled to an amount which is higher of 80% of the premiums paid till the date of death or the surrender value/policy account value as available on the date of death.","sources":[{"clause":"6.2","heading":"SUICIDE EXCLUSION","page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-6-2"}],"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":"Customers can first register grievances with Tata AIA through its helpline, complaints email, online policy account, branches/CAMS centres, agent/distributor, or by writing to the Customer Service Department. If not satisfied with the decision or no response is received within the stipulated timelines, they may escalate to the Grievance Redressal Officer.","display":"Register with Tata AIA first; escalate to GRO if not satisfied or no response within timelines.","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 ... In case the customer is not satisfied with the decision of the above offices, or has not received any response within the stipulated timelines, they may contact the following officials for resolution:\n- Level of Escalation: Grievance Redressal Officer (GRO)","sources":[{"clause":"7.2.1","heading":"Resolution of Grievances","page":7,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-7-2-1"},{"clause":"7.2.2","heading":"Escalation Mechanism","page":7,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#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":"quote-verified","value":"Basic Sum Assured equals (Base Premium / Base Premium rate per 1000 BSA) x 1000. Sum Assured on Death is the highest of 11 times the annualised premium, 105% of total premiums paid as on death, guaranteed maturity benefit, and basic sum assured.","display":"Basic Sum Assured = (Base Premium / Base Premium rate per 1000 BSA) x 1000; Sum Assured on Death is the highest of listed formulae.","note":"The documents provided do not state a separate minimum or maximum Basic Sum Assured in the policy wording.","quote":"Basic Sum Assured is equal to the (Base Premium / Base Premium rate per 1000 BSA) x 1000. ... “Sum Assured on Death” means highest of the following:\n- 11 times the Annualised Premium;\n- 105% of all the Total Premiums paid, as on the date of death;\n- Guaranteed Maturity Benefit\n- Basic Sum Assured.","sources":[{"clause":"2.1","heading":"Basic Definitions","page":1,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-2-1"},{"clause":"3.1.2","heading":"DEATH BENEFIT","page":2,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-3-1-2"}],"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":"On death during the policy term while the policy is in force, the insurer pays Sum Assured on Death, Accumulated Cash Bonus if any if chosen, and Terminal Bonus if any. Sum Assured on Death is the highest of 11 times annualised premium, 105% of total premiums paid as on death, guaranteed maturity benefit, and basic sum assured; under the ELC option, death during the ELC period pays Basic Sum Assured.","display":"During policy term: Sum Assured on Death + Accumulated Cash Bonus if any if chosen + Terminal Bonus if any. ELC period: Basic Sum Assured.","note":"ELC death benefit applies only if the ELC option is chosen.","quote":"On death of the Life Insured during the Policy Term, provided the Policy is in force, We shall pay:\na) Sum Assured on Death,\nb) Accumulated Cash Bonus (if any) if chosen by the Policyholder, and\nc) Terminal Bonus, if any.\n“Sum Assured on Death” means highest of the following:\n- 11 times the Annualised Premium;\n- 105% of all the Total Premiums paid, as on the date of death;\n- Guaranteed Maturity Benefit\n- Basic Sum Assured. ... If you have chosen ELC Option, upon death of the Life Insured during the ELC Period, We shall pay the Basic Sum Assured.","sources":[{"clause":"3.1.2","heading":"DEATH BENEFIT","page":2,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-3-1-2"},{"clause":"3.1.3","heading":"DEATH BENEFIT DURING ELC PERIOD","page":2,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-3-1-3"}],"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 maturity, provided all due premiums have been paid, the insurer pays Guaranteed Maturity Benefit, Accumulated Cash Bonus if any if chosen, and Terminal Benefit if any. If ELC is chosen, Basic Sum Assured is paid when the life insured attains age 100.","display":"At maturity: Guaranteed Maturity Benefit + Accumulated Cash Bonus if any if chosen + Terminal Benefit if any. ELC option: Basic Sum Assured at age 100.","note":"Except in case of the ELC Option, the policy terminates on payment of maturity benefit.","quote":"At maturity, We shall pay, provided all due Premiums have been paid:\na) Guaranteed Maturity Benefit,\nb) Accumulated Cash Bonus (If any), if chosen by the Policyholder, and\nc) Terminal Benefit, if any. ... If you have chosen ELC Option, We shall pay Basic Sum Assured upon the Life Insured attaining 100 years of Age.","sources":[{"clause":"3.1.1","heading":"MATURITY BENEFIT","page":2,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-3-1-1"},{"clause":"3.1.4.2","heading":"Extended Life Cover","page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-3-1-4-2"}],"law":[]},{"key":"premium_paying_term","label":"Premium paying term","section":"Premium","meaning":"For how many years you pay premiums.","status":"quote-verified","value":"Premium payment term is 5 to 15 years.","display":"5 to 15 years","note":"From the sales brochure.","quote":"Premium Payment Term (PPT) | 5 to 15 years","sources":[{"clause":null,"heading":"Eligiblity Criteria","page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16227#c-eligiblity-criteria"}],"law":[]},{"key":"maturity_age","label":"Maximum maturity age","section":"Eligibility","meaning":"The oldest age at which cover ends.","status":"quote-verified","value":"Maximum age at maturity is 80 years. The product also has an Endowment with Extended Life Cover option till age 100.","display":"Maximum age at maturity: 80 years; ELC option till age 100","note":"From the sales brochure. ELC is an option, not the stated maximum age at maturity.","quote":"Age at Maturity (years)# | 18 | 80 ... Plan Option | Option 1 – Endowment Option 2 – Endowment with Extended Life Cover (ELC) till age 100","sources":[{"clause":null,"heading":"Eligiblity Criteria","page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16227#c-eligiblity-criteria"}],"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 inception, the nominee or beneficiary gets at least 80% of premiums paid if the policy is in force. If it is within 12 months from revival, the amount payable is the higher of 80% of premiums paid till death or the surrender value/policy account value available on the date of death.","display":"Suicide within 12 months: at least 80% of premiums paid from inception; from revival, higher of 80% of premiums paid till death or surrender value/policy account value.","note":null,"quote":"In case of death due to suicide within 12 months:\ni) from the date of inception of the policy, the nominee or beneficiary of the policyholder shall be entitled to at least 80% of the premiums paid, provided the policy is in force or\nii) from the date of revival of the policy the nominee or beneficiary of the policyholder shall be entitled to an amount which is higher of 80% of the premiums paid till the date of death or the surrender value/policy account value as available on the date of death.","sources":[{"clause":"6.2","heading":"SUICIDE EXCLUSION","page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#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":"A surrender value is payable after completion of one policy year if one full year's premium is paid for regular/limited pay policies, and immediately after payment of the single premium for single pay policies. The surrender value is the higher of Guaranteed Surrender Value and Special Surrender Value.","display":"Payable after 1 policy year and 1 full year's premium for regular/limited pay; immediately for single pay. Higher of GSV and SSV.","note":null,"quote":"A Surrender value shall be payable on completion of one policy year, provided one full years’ premium is paid in case of Regular/Limited Pay policy and the same shall be payable immediately on payment of the single premium in case of Single Pay policy.\nThe Surrender Value shall be the amount payable upon surrender of this Policy and shall be the higher of the Guaranteed Surrender Value (GSV) and the Special Surrender Value (SSV).","sources":[{"clause":"4.2.1","heading":"Surrender Benefit","page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-4-2-1"}],"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 policy has acquired surrender value, if later premiums remain unpaid at the end of the grace period, the policy becomes a reduced paid-up policy by default. Maturity and death benefits are reduced by the Reduced Paid Up Factor, and no further cash bonus, accumulated cash bonus or terminal bonus accrues after conversion.","display":"Reduced paid-up after surrender value is acquired and subsequent premiums remain unpaid; benefits use Reduced Paid Up Factor.","note":null,"quote":"Provided the Policy has acquired Surrender Value, if subsequent Premium remain unpaid at the end of Grace Period, the Policy will be converted into a Reduced Paid-up Policy by default. No further Cash Bonus, Accumulated Cash Bonus or Terminal Bonus (As applicable) shall accrue once the policy converted into a Reduced Paid-up Policy. ... Where, “Reduced Paid Up Factor” shall be equal to - (Number of Premiums paid) divided by (Number of Premiums Payable during the entire Premium Payment Term)","sources":[{"clause":"4.3","heading":"REDUCED PAID-UP","page":4,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-4-3"}],"law":[]},{"key":"revival","label":"Revival period","section":"Renewal and rights","meaning":"How long after lapsing you can restart the policy.","status":"conflicting","value":"The policy wording defines the revival period as 2 years from the due date of the first unpaid premium, subject to revival before maturity and other conditions. The CIS says five years, so this is a document conflict.","display":"2 years from the due date of the first unpaid premium","note":"CIS says: \"within five years after the due date of first unpaid premium\". The sales brochure also says revival may be within five years.","quote":"Revival Period means a period of 2 (Two) years from the due date of the first unpaid Premium. ... If there is Default in Premium Payment beyond the Grace Period and subject to the Policy not having been surrendered, it may be revived, in accordance with Underwriting Policy within Revival Period but before the Date of Maturity of Policy ... Revival If a premium is in default beyond the Grace Period and subject to the Policy not having been surrendered, it may be reinstated/revived, within five years after the due date of first unpaid premium and before the date of maturity","sources":[{"clause":"2.1(b)","heading":null,"page":1,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-2-1-b"},{"clause":"4.4","heading":"REVIVAL","page":4,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-4-4"},{"clause":null,"heading":"Extended Life Cover","page":2,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16164#c-extended-life-cover"}],"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":"Policy loan is available up to 80% of surrender value after the policy acquires surrender value.","display":"Yes, up to 80% of Surrender Value after the policy acquires Surrender Value","note":null,"quote":"You may apply for a loan up to 80% of Surrender Value provided the Policy acquires Surrender Value.","sources":[{"clause":"4.5","heading":"LOAN","page":4,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-4-5"}],"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":["Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V04 or any other later version)","Tata AIA Vitality Health (UIN: 110B045V03 or any other later version)","Tata AIA Vitality Protect (UIN: 110B046V04 or any other later version)","Tata AIA Benefit Protection Rider (UIN: 110B049V03 or any other later version)"],"display":"Four optional riders listed in the brochure.","note":"From the sales brochure. Riders are optional and are not part of the base cover.","quote":"You have further flexibility to customize your product by adding the following optional riders.\n• Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V04 or any other later version)\n• Tata AIA Vitality Health (UIN: 110B045V03 or any other later version)\n• Tata AIA Vitality Protect (UIN: 110B046V04 or any other later version)\n• Tata AIA Benefit Protection Rider (UIN: 110B049V03 or any other later version)","sources":[{"clause":null,"heading":"Additional Benefits and Features","page":5,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16227#c-additional-benefits-and-features"}],"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 in question on any ground after expiry of 3 years from the later of issuance, commencement of risk, revival, or rider date. Within 3 years, it may be called in question on fraud, and also on material misstatement or suppression as described in the annexure.","display":"After 3 years, no questioning on any ground; within 3 years, fraud or material misstatement/suppression grounds apply.","note":null,"quote":"No Policy of Life Insurance shall be called in question on any ground whatsoever after expiry of 3 yrs from\na) the date of issuance of policy or\nb) the date of commencement of risk or\nc) the date of revival of policy or\nd) the date of rider to the policy whichever 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":"1","heading":"No Policy of Life Insurance shall be called in question","page":14,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-1-3"},{"clause":"2","heading":"On the ground of fraud, a policy of Life Insurance","page":14,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-2-4"},{"clause":"6","heading":"Life insurance Policy can be called in question within","page":14,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-6-13"}],"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":"The brochure says premiums paid may be eligible for tax benefits under Section 80C and life insurance proceeds may enjoy tax benefits under Section 10(10D), subject to prevailing tax laws and conditions, and advises consulting a tax consultant.","display":"May be eligible under Section 80C; proceeds may enjoy Section 10(10D), subject to tax law conditions.","note":"From the sales brochure.","quote":"Tax Benefits Premiums paid under this plan may be eligible for tax benefits under Section 80C of the Income Tax Act, 1961 and are subject to modifications made thereto from time to time. Moreover, life insurance proceeds enjoy tax benefits as per Section 10(10D) of the said Act. Income Tax benefits may be available as per the prevailing Income Tax Laws, subject to fulfillment of conditions stipulated therein. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.","sources":[{"clause":"Row 19(v)","heading":"Solicitation through any","page":7,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16227#c-row-19-v"}],"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":"Refund is without interest after specified deductions.","quote":"You have a free look period of 30 days from the date of receipt of the policy document, to review the terms and conditions of the Policy and if You disagree to any of those terms or conditions, You have the option to return the Policy to the Us for cancellation","sources":[{"clause":"4.1","heading":"FREE LOOK PERIOD","page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-4-1"}],"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 premium payment mode","note":"The main value uses the period for all modes other than monthly; monthly mode has 15 days.","quote":"Grace Period means a period of 15 (Fifteen) days from the due date of the unpaid Premium for monthly Premium payment mode and 30 (Thirty) days from the due date of unpaid Premium for all other Premium payment mode.","sources":[{"clause":"2.1","heading":"Basic Definitions","page":1,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-2-1"}],"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":"quote-verified","value":"Minimum entry age is 30 days. Maximum entry age is 55 years for premium payment term 5 years, 58 years for PPT 6 years, 62 years for PPT 7 years, and 65 years for PPT 8 to 15 years.","display":"30 days minimum; maximum 55/58/62/65 years depending on PPT","note":"From the sales brochure. Age is as on last birthday.","quote":"Age at Entry (years)# | 30 days | 55 for Premium payment term 5 Years 58 years for Premium Paying Term of 6 years 62 years for Premium Paying Term of 7 years 65 years for Premium Paying Term of 8 years to 15 years","sources":[{"clause":null,"heading":"Eligiblity Criteria","page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16227#c-eligiblity-criteria"}],"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":["monthly","quarterly","half-yearly","annual"],"display":"monthly, quarterly, half-yearly or annual","note":null,"quote":"Premiums may be paid on monthly, quarterly, half-yearly or annual mode","sources":[{"clause":"3.1.5.2","heading":"CHANGE OF FREQUENCY OF","page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-3-1-5-2"}],"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":["limited pay"],"display":"Limited pay","note":"From the sales brochure.","quote":"a limited pay participating plan insurance plan","sources":[{"clause":null,"heading":null,"page":1,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16227#c-s1"}],"law":[]},{"key":"guaranteed_benefits","label":"Guaranteed benefits","section":"Cover","meaning":"What is guaranteed, in rupees or as a formula, regardless of the insurer's performance.","status":"quote-verified","value":"Guaranteed Maturity Benefit is equal to the Basic Sum Assured. At maturity, it is payable if all due premiums have been paid; if the ELC option is chosen, Basic Sum Assured is paid on the life insured attaining age 100.","display":"Guaranteed Maturity Benefit = Basic Sum Assured; ELC option pays Basic Sum Assured at age 100.","note":"Bonuses are not guaranteed unless and until declared, as applicable.","quote":"Guaranteed Maturity Benefit shall refer to the amount of benefit equal to the Basic Sum Assured. ... At maturity, We shall pay, provided all due Premiums have been paid:\na) Guaranteed Maturity Benefit ... If you have chosen ELC Option, We shall pay Basic Sum Assured upon the Life Insured attaining 100 years of Age.","sources":[{"clause":"2.1","heading":"Basic Definitions","page":1,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-2-1"},{"clause":"3.1.1","heading":"MATURITY BENEFIT","page":2,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-3-1-1"},{"clause":"3.1.4.2","heading":"Extended Life Cover","page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-3-1-4-2"}],"law":[]},{"key":"bonus","label":"Bonus type","section":"Cover","meaning":"Participating plans share profits as bonuses; these are NOT guaranteed.","status":"quote-verified","value":"The plan is participating and has Cash Bonus, Accumulated Cash Bonus and Terminal Bonus, all described as non-guaranteed benefits. Cash Bonus is expressed as a percentage of Basic Sum Assured and payable annually from the 2nd policy year till the end of the policy term; Terminal Bonus is expressed as a percentage of Basic Sum Assured and may be payable on exit after completion of premium payment term or 5 policy years, whichever is earlier.","display":"Non-guaranteed Cash Bonus, Accumulated Cash Bonus and Terminal Bonus","note":null,"quote":"Cash Bonus shall be the non-guaranteed benefit expressed as a percentage of the Basic Sum Assured, payable annually starting from the 2nd Policy Year till the end of the Policy Term. ... Accumulated Cash Bonus (ACB) means the non-guaranteed declared Cash bonus which is not paid to the Policyholder and instead accumulated at an interest rate as may be declared by the Company from time to time. ... Terminal Bonus shall be the non-guaranteed benefit expressed as a percentage of the Basic Sum Assured shall be payable upon completion of Premium Payment Term or 5 Policy Years whichever is earlier as on date of exit.","sources":[{"clause":"2.1","heading":"Basic Definitions","page":1,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-2-1"},{"clause":"2.1(b)","heading":null,"page":1,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-2-1-b"}],"law":[]},{"key":"illustration_returns","label":"Illustrated returns","section":"Cover","meaning":"The benefit illustration at the IRDAI rates (4% and 8%); not a promise.","status":"quote-verified","value":"The brochure illustration shows assumed future investment returns at 4% p.a. and 8% p.a.; it says these assumed rates are not guaranteed and are not the upper or lower limits of what the policyholder might get back.","display":"Illustrated at 4% p.a. and 8% p.a.; not guaranteed","note":"From the sales brochure.","quote":"Currently the gross investment returns are stipulated as 4% p.a. and 8% p.a. These assumed rate of return are not guaranteed, and these are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.","sources":[{"clause":null,"heading":"How does the Plan work?","page":2,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16227#c-how-does-the-plan-work"}],"law":[]},{"key":"money_back","label":"Survival or money-back payouts","section":"Cover","meaning":"Instalments paid during the term.","status":"quote-verified","value":"If the policy is in force and all due premiums are paid, Cash Bonus may be paid if opted on the policy anniversary or on the policyholder's birthday, as opted at inception, following declaration of the Cash Bonus. Cash Bonus is payable annually starting from the 2nd policy year till the end of the policy term.","display":"Cash Bonus, if opted and declared, payable annually from the 2nd policy year on policy anniversary or birthday.","note":"The policy wording text in this clause is interleaved with a premium mode table, but states the payout timing.","quote":"Cash Bonus shall be the non-guaranteed benefit expressed as a percentage of the Basic Sum Assured, payable annually starting from the 2nd Policy Year till the end of the Policy Term. ... If the Policy is in force and all due Premiums are paid, We may pay Cash Bonus (if opted) at policy\nQuarterly | Multiply Annual Premium Rate by 0.26\nanniversary or on Your birthday (as opted at inception) following the date of declaration of\nMonthly | Multiply Annual Premium Rate by 0.0883\nsuch Cash Bonus.","sources":[{"clause":"2.1","heading":"Basic Definitions","page":1,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-2-1"},{"clause":"3.1.4.1","heading":null,"page":3,"url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688#c-3-1-4-1"}],"law":[]}],"documents":[{"kind":"wording","label":"Policy bond","pages":15,"fetched_at":"2026-10-17 20:14:59+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/pdf/savings-solutions/value-income-plan/Policy-Document-Tata-AIA-Life-Insurance-Value-Income-Plan.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16688"},{"kind":"cis","label":"Customer Information Sheet","pages":7,"fetched_at":"2026-10-17 20:05:02+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/pdf/savings-solutions/value-income-plan/Tata-AIA-Value-Income-Plan-Customer-Information-Sheet-V04.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16164"},{"kind":"brochure","label":"Brochure","pages":8,"fetched_at":"2026-10-17 20:06:25+00","source_url":"https://www.tataaia.com/content/dam/tataaialifeinsurancecompanylimited/pdf/savings-solutions/value-income-plan/Value-Income-Plan-V4-Brochure.pdf","url":"https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04/document/16227"}],"versions":[],"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 Value Income Plan (UIN 110N153V04), IndiaInsurances, https://indiainsurances.com/policy/tata-aia-life-insurance/tata-aia-value-income-plan-110n153v04"}