swarna bhavishya by syamjithss

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									                                                                                                                                   Jiyo apne aaj ko
                                                                                                                                      beete kal ki tarah




                                                                                  PRBR00685
                                                                                  UIN No.: 110L100V01
                                                                                  Unique Reference No - L&C/Advt/2010/Dec/383




                                                                                                                                Tata AIG Life Insurance
                                                                                                                                                          Bhavishya
                      Tata AIG Life Insurance Company Ltd. (Reg.110),
Registered & Corporate Office :Delphi - B Wing, 2nd Floor. Orchard Avenue,
                     Hiranandani Business Park, Powai, Mumbai 400 076

        Visit us at www.tata-aig-life.com or call toll-free on 1800-11-9966
                                           [For MTNL/BSNL subscribers]

                           Insurance is the subject matter of the solicitation.
                                                                         Eligibility Criterion:


                                                                         Minimum Issue Age          50 years
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT
                                                                         Maximum Issue age          65 years
PORTFOLIO IS BORNE BY THE POLICYHOLDER
                                                                         Maximum Maturity Age       80 years
There are many aspirations we nurture through our lifetimes. We
work hard towards fulfilling our family's dreams and discharging         Policy Term (PT)           10/15/20/25/30 years
our responsibilities towards them. However, dreams and                   Premium Paying Term        Limited - 5/7/10 years
aspirations are un-ending. There is always something new to look         (PPT)                      Regular
forward to. Now is the time for you to invest towards fulfilling your
                                                                         Premium Mode               Annual/Semi Annual/
needs in the years to come, be they: a holiday abroad, leaving a
                                                                                                    Quarterly/Monthly
legacy for your grandchild, creating a retirement corpus, pursuing a
hobby and above all securing your spouse.                                Minimum Annualised         Regular Pay - ` 24,000
                                                                         Premium                    PPT 10 - ` 24,000
However, as you get closer to your golden years, getting life
insurance appears to have its own hassles. Health check                                             PPT 7 - ` 36,000
requirements tend to increase with age. If you are nearing                                          PPT 5 - ` 48,000
retirement, regular inflow of income may soon reduce dramatically
                                                                         Maximum Annualised         ` 100,000
or may even stop. To maintain a desired & comfortable lifestyle and
                                                                         Premium
fulfill your dreams even post retirement, you need an investment
and protection avenue that is not only easy to buy but can also help     Basic Sum Assured          Basic Sum Assured = Premium
you build your desired corpus to fulfill various needs.                                             Multiple * Annualised Premium.
Presenting, Tata AIG Life Insurance Swarna Bhavishya, a non-                                        Premium Multiple, based on Policy
participating unit linked endowment life insurance plan that offers a                               Term, will be:
hassle free insurance for people over 50 years of age and permits
                                                                                                    PT 10/15/20/25 - 7
entry right up to the age of 65. The limited premium payment
options enable you to structure your plan to suit your expected                                     PT 30 - 7.5
income flow and you can benefit from the market linked returns with
7 investments options to choose from as per your risk profile. With     I. What are the Benefits available under this plan?
Tata AIG Life Insurance Swarna Bhavishya you can enjoy a happy &        This non-participating unit linked endowment insurance plan offers
satisfied retired life, a just reward for a life lived prudently.       the following benefits:
                                                                        Maturity Benefit:
                                                                        On survival to the end of the policy term, you will receive the Total
Key features
                                                                        Fund Value which is equal to value of the Regular Premium Fund
•   An easy to buy life insurance plan at higher ages                   plus value of Top-Up Premium Fund (if applicable) valued at
                                                                        applicable unit price.
•   Choice of Premium Paying Terms - 5/7/10 years or same as
                                                                        Death Benefit :
    policy term
                                                                        In case of unfortunate death of the insured while the policy is in
•   Choice of Policy Terms - 10/15/20/25/30 years                       force and before the maturity date, the nominee will get;

•   Dual benefit of investment & protection                             Higher of

•   7 Investment Fund Options to suit your investment risk profile      (I)   The Basic Sum Assured net of all "Deductible Partial
                                                                              Withdrawals", if any, from the Regular Premium Fund Value, or
•   Choice of Portfolio Strategies that enable you to                   (ii) The Regular Premium Fund Value or
    •   Optimize your returns by investing through Systematic           (iii) 105 percent of the total regular premiums paid net of all
        Money Allocation & Regular Transfer Investment (SMART)                "Deductible Partial Withdrawals", if any, from the Regular
                                                                              Premium Fund Value.
    •   Benefit from age appropriate asset allocation through           In addition to this,
        Automatic Asset Allocation (AAA)
                                                                        Higher of ;
•   Avail tax benefits u/s 80C and 10 (10D) of Income Tax Act , 1961    (i) The approved Top-Up Sum Assured(s) net of all "Deductible
                                                                              Partial Withdrawals", if any, from the Top-Up Fund Value or

                               2                                                                      3
(ii) Top-Up Fund Value or                                                  policy term. It is in your best interest to stay invested for the entire
(iii) 105 percent of the total Top-Up premiums paid net of all             term. This will enable you to not only follow a disciplined savings
      "Deductible Partial Withdrawals", if any, from the Top-Up            approach, but also, enjoy all the benefits offered under the
      Premium Fund Value.                                                  innovative product design. We also offer ample flexibility to
                                                                           manage your money and policy so that you can reap maximum
is also payable provided the policyholder has a Top-Up Fund Value.         benefits from your investments.
For the purpose of determining the Death Benefit, the Deductible           Flexibility of Partial Withdrawals
Partial Withdrawals mentioned above shall mean the higher of sum
of all partial withdrawals paid from the relevant Fund(s) (i) during the   In case you need money for any emergency or otherwise, this plan
24 months immediately preceding insured's date of death, or (ii)           enables you to withdraw from your fund. The withdrawals from
after Insured attains 60 years of age.                                     Regular Premium Fund are allowed after five policy anniversaries
                                                                           from the date of issuance of your policy provided the policy is in
To illustrate the above benefits lets have a look at the following         force. Minimum partial withdrawal amount is `.5,000 subject to
Benefit Illustration#                                                      Total Fund Value post such withdrawals is not less than an amount
The table below gives the total maturity benefit^ for a healthy            equivalent to one year's Annualised Regular Premium. Under
person aged 50 years                                                       exceptional circumstances like natural calamities, wars, civil unrest,
                                                                           riots etc the approval of the company will be needed for partial
•   Fund Allocation: Large Cap Equity Fund:50% & Whole Life Mid            withdrawal.
    -Cap Equity Fund: 50%
                                                                           Partial Withdrawals should be made first from the Top-Up Premium
•   Mode of payment: Annual

                                                                                                        Non Guaranteed Benefits

                                                                                                                                    Lower Rate
                                                                            Guaranteed                  Higher Rate
                                                                                                                                     Illustration
                                                                             Benefits               Illustration (10%)
                                                                                                                                         (6%)

     Policy          Premium            Regular           Premium              Basic             Total               Net             Total
     Term             Paying           Premium            Multiple             Sum             Maturity            Yield**          Maturity
                       Term               (`)              Chosen           Assured (`)       Benefit# (`)         @ 10%           Benefit# (`)

       15                 7              60,000               7               4,20,000         10,46,571           8.07%            6,56,967

       30                30              30,000              7.5              2,25,000         38,05,261           8.28%            18,00,137

#
  Some benefits are guaranteed and some benefits are variable              Fund and then from the Regular Premium Fund. if amount in the
(Non-guaranteed) with returns based on the future performance of           Top-Up Premium Fund is insufficient. Maximum of four (4) partial
the opted funds and fulfillment of other applicable policy                 withdrawals are allowed in a policy year. However no regular partial
conditions.                                                                withdrawals will be allowed. There are no charges on partial
Computation of Maturity Benefit excludes service tax. For benefit          withdrawals.
values, net of service tax, please refer to the Sales Illustration.        Partial withdrawal from the Top-Up Premium Fund can be allowed
^ Service tax is applicable as per governing laws and the same             only after 5 policy years from the date of acceptance of each such
shall be borne by the policyholder. Tata AIG Life Insurance                Top-Up Premium.
Company Limited reserves the right to recover from the                     We may alter the rules for partial withdrawal, on prior clearance
policyholder, any levies and duties (including service tax), as            from the Insurance Regulatory and Development Authority.
imposed by the government from time to time. Kindly refer to sales
illustration for exact premium rate.                                       Flexibility to Increase/ Decrease the Top-Up Sum Assured

**Computation of the net yield excludes mortality charges and              You have the flexibility to pay additional premium as "Top-Up
service tax on charges as applicable.                                      Premium" at any time during the policy term provided the policy is
                                                                           in force except for last five years of the policy. You can Top-Up your
                                                                           policy up to four times in a policy year. The minimum Top-Up
II. What Flexibilities does my Policy have*?                               amount is `.5, 000/-. Acceptance of Top-Up Premium is subject to
In this policy you can choose both the premium paying term and the



                                4                                                                          5
prevailing underwriting rules. Every Top-Up Premium will have a          partial withdrawals (other than the aforesaid periodical payments)
lock in period of five years from the date of acceptance of such Top-    are not available during the Settlement Period. At any time during
Up Premiums.                                                             the Settlement Period, you have the option to withdraw the Total
                                                                         Fund Value.
You shall be given an additional sum assured for every Top-Up
Premium paid. You can choose a multiple equal to 1.1/ 2.5/ or 5          During Settlement Period, no life cover or other insurance cover will
times Single Top-Up Premium, subject to underwriting.                    be provided. In the unfortunate event of death, the Total Fund Value
                                                                         at the time of death will be returned to the Nominee. During this
You have an option to increase or decrease the Top-Up Sum                period, Fund Management Charges and Policy Administration
Assured by way of changing Top-Up Premium multiple subject to            Charge will be deducted as shown under "What are my Premium
underwriting, and the minimum Top-Up sum assured allowed                 and Policy Charges?”
under this product as per ULIP guidelines respectively
                                                                         During the Settlement Period, the inherent investment risk will be
Top-Up Premiums are subject to charges as described under "What          borne by the policyholder.
are my Premium and Policy Charges?”
                                                                         *Conditions apply. Please contact our Insurance Advisor or visit our
Increase/decrease in Basic Sum Assured & Basic Premium is not            nearest branch office for further details.
allowed.
                                                                         III. Where is my money invested?
Flexibility of Premium Mode
                                                                         This product offers you the flexibility to invest in a manner that suits
You may choose to pay your premiums1 Annually, Semi-annually,            your risk profile and individual needs:
Quarterly or even Monthly as per your convenience.
                                                                             a) You can choose from the 7 investment fund options
1
  Monthly Premium = 0.0833 of Annualised Premium, Quarterly                  OR
Premium = 0.25 of Annualised Premium, Semi-annual Premium =
0.50 of Annualised Premium subject to minimum premium                        b) Choose any of PORTFOLIO STRATEGIES from below
conditions for each mode.                                                      i) Systematic Money Allocation & Regular Transfer (SMART)
Flexibility of Additional Coverage2                                            ii) Automatic Asset Allocation
You have the option of availing additional protection by attaching       a) You can choose from a variety of funds
the following rider to your basic policy:
                                                                         Your allocable Regular Premium and Top- Ups (if any) is invested in
Tata AIG Life Accidental Death Benefit Limited Underwriting Rider        one or more investment funds as per your required asset allocation.
(UIN - 110A018V01):                                                      You have the option of choosing any or all of the 7 Funds or such
                                                                         funds which are available at the time of allocation, based on your
This rider provides for an additional benefit amount equivalent to
                                                                         preferred asset allocation.
the sum assured purchased for the issue ages 50 to 55 years,
subject to underwriting rules, in case of death due to an accident
                                                                         Name of Fund Objective                   Fund Allocation       Risk
before the insured reaches age 70 years.
                                                                         the Fund                                                       Profile
Rider Sum Assured cannot exceed the Basic Sum Assured.
                                                                         Large       The primary investment       Equities and        High
Additional premium is payable for this Rider.2                           Cap         objective of the Fund is     Equity linked
The rider term will be limited to premium paying term under the          Equity      to generate long - term      Instruments - 80 to
base policy.                                                             Fund        capital appreciation from    100%;
2                                                                                    a portfolio that is          Cash / Money
 Rider is not mandatory and is available for a nominal extra cost. For               invested pre-dominantly      Market
more details on the benefits, premiums and exclusions under this                     in large cap equity and      Instruments upto
rider, please contact our Insurance advisor or visit our nearest                     equity linked securities.    20%
branch office.
                                                                         Whole       The primary investment       Equities and       High
Settlement Option                                                        Life Mid-   objective of the Fund is     Equity linked
Provided policyholder is alive on the maturity date, you have an         Cap         to generate long - term      Instruments- 60 to
option to receive the maturity amount either in lump sum or in           Equity      capital appreciation from    100%;
installments over a period of time. This period, termed as               Fund        a portfolio that is          Cash/ Money
Settlement Period, may be extended up to a maximum of five years                     invested pre-dominantly      Market
from the date of maturity. The timing and amount of the installments                 in Mid-Cap Equity and        Instruments upto
will be chosen by you at the time of maturity while exercising this                  Mid-Cap Equity linked        40%
option. The value of such periodical payments will depend on the                     securities.
performance of the Funds selected for investment. Switching and


                               6                                                                         7
Name of Fund Objective                   Fund Allocation    Risk          Whole      The primary investment       Debt Instruments Low
the Fund                                                    Profile       Life       objective of the Fund is     of duration less
Super        The primary investment      Equity and Equity High           Short-     to generate stable           than 3 years- 60 to
Select       objective of the Fund is    Linked instruments               Term       returns by investing in      100% ;Cash /
Equity       to provide income           - 60 to 100%;                    Fixed      fixed income securities      Money Market
Fund         distribution over a         Debt and Cash/                   Income     having shorter maturity      Instruments- upto
             period of medium to         Money Market                     Fund       periods. Under normal        40%
             long term while at all      Instruments - 0-                            circumstances, the
             times emphasizing the       40%                                         average maturity of the
             importance of capital                                                   Fund may be in the
             appreciation. The fund                                                  range of 1-3 years.
             will invest significant
                                                                      Under exceptional circumstances investment in Cash / Money
             amount in equity and
                                                                      Market Instruments in all above funds may go up to 100%.
             equity linked
                                                                      Exceptional circumstances may include:
             instruments specifically
             excluding companies                                      a)     Global financial or credit crisis,
             predominantly dealing in
                                                                      b) War like situation,
             Gambling,
             Lotteries/Contests,                                      c)     Political uncertainty
             Animal Produce, Liquor,
                                                                      d) Events like Political/ Communal disturbance which affects
             Tobacco, Entertainment
                                                                      Indian economy and in turn impacts severely on Fixed Income/
             (Films, TV etc) Hotels,
                                                                      Equity market.
             Sugar, Leather, Banks
             and Financial                                            The company may add additional investment linked funds from
             Institutions.                                            time to time subject to prior approval from the IRDA.
Whole        The primary investment      Equities and       Medium    These funds have different risk profiles based on different types of
Life         objective of the Fund is    Equity linked      to High   investments that are offered under these funds. The returns are
Aggressive   to provide higher returns   Instruments - 50-            expected to vary according to the risk profile 3.
Growth       in long term by investing   80%; Debt                    3
Fund         primarily in Equities       Instruments- 20-to               Returns are subject to market conditions.
             along with Debt/ Money      50%; Cash /                  b) Choose any of the PORTFOLIO STRATEGIES from below:
             Market Instruments.         Money Market
                                         Instruments- upto            i) Systematic Money Allocation & Regular Transfer Investment
                                         50%                          (SMART)

Whole        The primary investment      Equities and        Low to   Systematic Money Allocation & Regular Transfer (SMART)
Life         objective of the Fund is    Equity linked       Medium   Investment is a systematic transfer plan that allows a customer to
Stable       to provide stable returns   Instruments - 30-to          enter the volatile equity market in a structured manner under the
Growth       by balancing the            50%; Debt                    Regular Premium Fund.
Fund         investment in Equities      Instruments 50 to            Through SMART, one can initially park their entire annual allocable
             and Debt/ Money Market      70%; Cash /                  premium along with any existing units in any one fund (chosen out
             Instruments.                Money Market                 of the funds of Tata AIG Life Insurance Swarna Bhavishya). This fund
                                         Instruments- upto            is called the "Accumulation Fund". Thereafter a defined portion out
                                         70%                          of the Accumulation Fund will get transferred to another fund
Whole        The primary investment      Debt Instruments- Low        (chosen out of the funds of Tata AIG Life Insurance Swarna
Life         objective of the Fund is    60 to 100%; Cash /           Bhavishya) other then the Accumulation Fund on a monthly basis.
Income       to generate income by       Money Market                 This fund is called the "Target Fund".
Fund         investing in a range of     Instruments- upto
                                                                      "Accumulation Fund" and "Target Fund" are not segregated funds
             debt and money market       40%
                                                                      offered under this product. These are only names used to reflect the
             instruments of various
                                                                      investment strategy under SMART.
             maturities with a view to
             maximize the optimal                                     Thus, while the stock market remains volatile and unpredictable,
             balance between yield,                                   SMART Investment offers a systematic way of rupee cost averaging.
             safety and liquidity.                                    However, all investments through this option are still subject to
                                                                      investment risks, which shall continue to be borne by you.


                               8                                                                         9
The following are the notable features of SMART:                             ii) Automatic Asset Allocation (AAA)
SMART can be availed at the option of the policy holder, exercisable         Generally, with the increase in age, our risk appetite decreases.
at policy inception or on any policy anniversary. Request to                 Automatic Asset Allocation is a unique feature that takes care of
commence the SMART should be received 30 days in advance of                  your portfolio and changes its allocation as per your age in such a
the policy anniversary. The request, if acceptable by the Company            way that you reap maximum returns with adjustment to risk
shall take effect on the following Policy Anniversary.                       exposure of your portfolio.
Ø option is available only to the policies with the Annual
SMART                                                                        You can opt for this option anytime which will automatically
Mode of payment                                                              distribute your investment into two funds with different risk profile
                                                                             and fund objectives. Large Cap Equity Fund and Whole Life Income
Ø
The automatic fund switches in the SMART option is available
                                                                             Fund are the two funds in which your investment will be distributed
out of the 12 free switches
                                                                             depending on your age. Age wise table is given below:
Ø is free of any charge
SMART
                                                                             Your Funds will be allocated in the following manner:
Ø
The policyholder will have the option to stop the SMART at any
point of time by a written request and it shall take effect from              Fund Allocation details at policy inception and during policy term
the next policy monthly anniversary that follows our receipt
and approval.                                                                      Age Band^         Large Cap Equity Fund   Whole Life Income Fund

Ø fund switching for the funds (Accumulation and Target)
Manual                                                                                50                     60%                      40%
on which SMART is active is not allowed. Manual fund                                51 - 55                  55%                      45%
switching is however allowed on other available funds at                            56 - 60                  50%                      50%
applicable charges. For Top-Up Premiums, manual switching                           61 - 65                  45%                      55%
option will be available at applicable charges. Conditions
                                                                                    66 - 70                  40%                      60%
regarding switch fee, minimum switch and minimum fund
                                                                                    71 - 75                  35%                      65%
after switch etc. for normal switching option shall be as
                                                                                    76 - 80                  30%                      70%
applicable during the SMART
                                                                             ^ The Age band refers to the age at last birthday
Ø
Any amount remaining in regular premium funds, other than
the Accumulation Fund and the Target Fund, would continue to                 On approaching maturity age, to ensure capital protection so that
remain invested in those funds                                               short term market volatility at the time of maturity does not impact
                                                                             the investments, we will systematically transfer your investments
Ø Option will not be available during discontinuance of
SMART
                                                                             from Large Cap Equity Fund to Whole Life Income Fund in 10
premium
                                                                             installments during the last 10 quarters of the policy term.
Ø will not be available if "Automatic Asset Allocation"
SMART
                                                                             The fund allocation might get changed due to market ups & downs.
option is chosen.
                                                                             Every policy quarterly anniversary, the investments in the two funds
A portion of total units available in the "Accumulation Fund" shall be       will be rebalanced based on the current age as on the quarterly policy
switched automatically into the "Target Fund" in the following way:          anniversary and the fund allocation percentage for that age band.
Monthly SMART                                                                The Automatic Asset Allocation can be chosen for both Regular
                                                                             Premium and Top-Up Premium accounts. A separate service
Policy Month 1             1/12 of the units available at the beginning of
                                                                             request would be required by Company, if policyholder wishes to
Policy Month 1
                                                                             apply for Automatic Asset Allocation on Top-Up Premium account.
Policy Month 2             1/11 of the units available at the beginning of
Policy Month 2                                                               Other rules for the asset allocation:
..........................                                                   1) Automatic Asset Allocation can be availed at the option of the
Policy Month 6             1/ 7 of the units available at the beginning of   policy holder, exercisable at policy inception or on any policy
Policy Month 6                                                               anniversary. Request to start the Automatic Asset Allocation should
..........................                                                   be received 30 days in advance of the policy anniversary. You can
                                                                             discontinue this option any time during the term of the plan
Policy Month 11              ½ of the units available at the beginning of
Policy Month 11                                                              2) Any amount remaining in Regular Premiums funds and Top-Up
Policy Month 12              Balance units available at the beginning of     funds (if any), other than the Large Cap Equity Fund and Whole Life
Policy Month 12                                                              Income Fund, would continue to remain invested in those funds
We may refuse request for SMART, or to cease offering SMART by               3) Manual fund switching for Regular Premiums funds and Top-Up
giving 30 days written notice subject to prior clearance from the            funds(if any) on which AAA is active is not allowed.
Insurance Regulatory and Development Authority.


                                10                                                                          11
4) Manual fund switching is allowed on other available funds at         Which NAV is applicable?
applicable charges. Conditions regarding switch fee, minimum
                                                                        In case of proposals or Top-Up Premiums where underwriting or
switch, and minimum fund after switch etc. for normal switching
                                                                        any other approval of the Company is required (including auto-pay
option shall be as applicable under this plan
                                                                        cases), units will be allocated on the day the underwriting and the
5) Automatic Asset Allocation is free of any charge.                    other approvals are completed; However in case of outstation
                                                                        cheques/ outstation demand drafts, units will be allocated on the
6) For all age-dependant features, the revision to policyholder's age
                                                                        date of realization or the day when the underwriting/ approvals are
will be effected on the annual anniversary of your policy following
                                                                        completed, whichever is later.
your birthday and not on your actual birthday
                                                                        In respect of renewal premiums (including local cheque or demand
7) "Automatic Asset Allocation" will not be available if SMART
                                                                        draft, payable at par at the place where the premium is received) /
option is chosen.
                                                                        fund switch requests received up to 03.00 p.m. by Tata AIG Life, the
We may refuse request for AAA, or cease offering AAA by giving 30       closing NAV of the day on which the premium is received shall be
days of written notice subject to prior clearance from the Insurance    applicable. If the same is received after 03.00 p.m., the closing NAV
Regulatory and Development Authority.                                   of the next business day shall be applicable. In respect of outstation
                                                                        cheques/ demand drafts received at the place where the premium is
                                                                        received, the closing NAV of the day, on which cheque/ demand
IV. How is the NAV calculated?
                                                                        draft is realized shall be applicable. In case of renewal premiums if
The NAV per unit or Unit Price will be calculated as:                   you pay the premium in advance (including auto-pay cases) the
                                                                        units will be allocated on the due date of the premium.
Unit Price / Net Asset Value per unit = (Market/ Fair Value of the
investments held by the Unit Fund+ Expenses incurred in the             For the purpose of NAV calculation, the premium shall be deemed
purchase of the assets + Value of Current Assets                        to have been received only when the same is either directly
+                                                                       received at any of the offices of Tata AIG Life or when Tata AIG Life
  Accrued income net of fund management charges - Current
                                                                        receives intimation from an authorized source about the receipt of
Liabilities and Provisions) / Total No. of Units existing in the Unit
                                                                        premium at such alternate venue (eg. drop box), as authorized by
Fund as on the valuation date
                                                                        Tata AIG Life. If intimation is received after 03.00 p.m. or on a
However, when the company is required to sell assets to redeem          Saturday, Sunday, Public Holiday/ non-business day for Tata AIG
the units, the NAV per unit/ Unit Price will be calculated as           Life, NAV for the next working day will be applicable.
Unit Price / Net Asset Value per unit = (Market/Fair Value of the       V. How can I manage my investments?$
investments held by the Unit Fund - Expenses incurred in the sale of
                                                                        Switching Between the Funds
the assets + Value of Current Assets
+                                                                       During the policy term, you may switch your investment or part of
  Accrued income net of fund management charges - Current
                                                                        investment from one fund to another as per your outlook about the
Liabilities and Provisions) / Total No. of Units existing in the Unit
                                                                        markets. Switching may be restricted if any one of the portfolio
Fund as on the valuation date
                                                                        strategies is chosen. Please refer to the respective portfolio strategy
The Net Asset value (NAV) per Unit/Unit price will be determined        for details. A total of 12 free switches are allowed in a policy year
and published daily in various financial newspapers and will also be    after which charges will be applicable on further switches as shown
available on www.tata-aig-life.com, the official website of Tata AIG    under "What are my Premium and Policy Charges?”
Life. All you have to do is multiply the number of Units you have
                                                                        Premium Re-direction
with the published Unit Price to arrive at the value of your
investments.                                                            Premium Re-direction facility helps you to allocate future premiums
                                                                        to a different fund or set of funds. There is no Premium-Redirection
Credit/Debit of Units
                                                                        charge. Premium Re-direction is not available if SMART or AAA
Premiums received, after deducting the payable Regular Premium /        option is chosen.
Top-Up Premium Allocation Charge will be used to purchase Units         $
                                                                          Please contact our Insurance Advisor or visit our nearest branch
at the Unit Price according to your instruction for allocation of
                                                                        office for further details
Premium. Units purchased by Regular Premium and Top-Up
Premium, net of payable policy charges, will be deposited into the      VI. What if I want to discontinue paying premiums?
Regular Premium Fund and Top-Up Fund respectively.
                                                                        Discontinuance of Premiums
Where notice is required (Partial Withdrawal, Complete Withdrawal
                                                                        In case the policyholder does not pay any premium due on the
or death of the Insured), Units being debited shall be valued by
                                                                        policy before the expiry of the grace period, the company will send
reference to their Unit Price as specified in the section "Which NAV
                                                                        a notice to the policyholder within 15 days from the date of expiry of
is applicable?”
                                                                        the grace period.


                               12                                                                      13
The policyholder is entitled to the following options, within 30 days       If policyholder requests for complete withdrawal from the policy:
of the notice period, from the receipt of the notice:
                                                                            •    Within the Lock-in period, the surrender value i.e. the fund
a) To revive the policy or                                                       value less applicable discontinuance charges as on the date of
                                                                                 intimation shall be credited to the 'Discontinued Policy Fund' as
b) Complete withdrawal without any risk cover
                                                                                 maintained by the Company. 'The proceeds of the
From the expiry of the grace period, till the policyholder exercises             'Discontinued Policy Fund', after addition of interest computed
the option or till the expiry of above notice period whichever is                at an interest rate of minimum 3.5% p.a, shall be paid to you
earlier, the policy is deemed to be in force and the risk cover will             only after completion of the Lock-in period.
continue. During this period Mortality Charge, Fund Management
                                                                            •    After the Lock-in Period; the total fund value as on the date of
Charges and Policy Administration Charges will be deducted as
                                                                                 intimation shall be paid to you
due, from the Total Fund Value. In case of death during this period,
the death benefit as mentioned under "Death Benefit" shall be               Lock-in period means the period of 5 consecutive years from the
payable immediately.                                                        date of commencement of the policy, during which period the
                                                                            proceeds of the discontinued policies cannot be paid by the insurer,
If the policyholder exercises the option (a) i.e. to revive the policy,
                                                                            except in the case of death or upon the happening of any other
the policy will remain inforce and all applicable charges as set out in
                                                                            contingency covered under the policy.
section "What are my Premium and Policy Charges?" will continue
to be deducted.
                                                                            VIII. What are my Premium and Policy Charges#?
In case of Discontinuance of Premium within five years from
Inception:                                                                  Premium Allocation Charge
If the policyholder exercises option (b) or does not exercise any           The premiums will be payable for the entire premium paying term
option within the above notice period, the Total Fund Value after           as chosen by you. The net Regular Premiums after deduction of
deduction of the Discontinuance Charge on the expiry of the notice          charges are invested in Funds as per your choice.
period shall be credited to the 'Discontinued Policy Fund'
maintained by the Company. The proceeds of the 'Discontinued                                               Annualised Premium Band (`)
Policy Fund', including interest computed at minimum interest rate          Premium Year*                 24,000 - 29,999        30,000 and above
of 3.5% p.a, shall be refunded to you at the end of Lock-in period of
five years from the inception of the policy. In case of death during        Year 1                            3.00%                  2.00%
this period, the proceeds of the discontinued policy fund shall be          Year 2 - 10                                     2.00%
payable immediately.
                                                                            Year 11 and above                               1%
In case of Discontinuance of Premium after paying at least five
consecutive years Premium:                                                  Top-Up Premium Allocation Charge: 1.5% of single Top-Up
If the policyholder exercises option (b) or does not exercise any           premium
option within the Notice Period as mentioned above, the Total Fund          *Premium Year is determined by the number of complete 12-
Value shall be refunded.                                                    months period for which Regular Premium has actually been paid,
For further details on discontinuance of Premiums, please refer to          excluding any period of discontinuance of premiums.
the Policy Document                                                         Policy Administration Charge:
Revival of the Policy:                                                      A Monthly Policy Administration Charge will be deducted by
If the premium remains unpaid at the end of the Grace period and            cancelling Units at the unit price from the fund value of the policy
the Policy has not been completely withdrawn for its Total Fund             and this charge will increase by 5% compound annually from next
Value it can be revived, within stipulated time period subject to: (I)      policy anniversary subject to maximum of `6000 per annum.
Policyholder's written application for revival; (ii) production of          Tabulated below is the Monthly Policy Administration charge for the
Insured's current health certificate and/or other evidence of               1st policy year.
insurability satisfactory to us, if required (iii) payment of all overdue
Regular Premiums.                                                               Annualised        24,000 -          30,000 -            40,000
                                                                                 Premium           29,999            39,999           and above
                                                                                 Band (`)
VII. What if I want to discontinue the policy?
Complete Withdrawal                                                         Administration
                                                                            Charge per               75                95                115
You can exercise the option of complete withdrawal from the policy          month
anytime during the policy term by intimating to the company.


                                14                                                                           15
The Modal Premium of the policy is arrived at as below:-                a) Maximum of (Top-Up Sum Assured or 1.05 times Total Top-Up
                                                                        Premium paid) net of all deductible partial withdrawals, if any, from
If monthly paid                    Annualised Premium * 0.0833          the relevant Top-Up Premium Fund Value
If quarterly paid                  Annualised Premium * 0.25
                                                                        And
If semi-annually paid              Annualised Premium * 0.5
If annually paid                   Annualised Premium * 1               b) Top-Up Premium Fund Value of the policy.
                                                                        Mortality charge is the amount of insurance cover for the month
Fund Management Charge (FMC):                                           multiplied by the applicable Mortality Rate for the month, based on
A Fund Management Charge will be charged for each fund on each          the age of the Life Assured. Mortality Charge = 0 if the Insured
valuation date at 1/365 of the following annual rates and will be       Amount <= 0.
applied on the total values of the investment funds as given below      It is automatically deducted every month from your Regular
                                                                        Premium Account and Top-Up Account where the life cover is
 Sr. Fund Name                                 Fund Management
                                                                        applicable. This charge may also be deducted from either of the
 No.                                           Charge per annum
                                                                        Accounts depending upon the Fund Sufficiency.
 1    Large Cap Equity Fund                         1.20%
                                                                              Sample Age        Mortality Charges per 1000 Sum Assured
 2    Whole Life Mid-Cap Equity Fund                1.20%
                                                                                     50                          8.298
 3    Super Select Equity Fund                      1.20%
                                                                                     55                          13.533
 4    Whole Life Aggressive Growth Fund             1.10%
                                                                                     60                          20.598
 5    Whole Life Stable Growth Fund                 1.00%
                                                                        4
 6    Whole Life Income Fund                        0.80%                 The Mortality Charges will increase with age and will be
                                                                        guaranteed for the period of the policy term.
 7    Whole Life Short Term Fixed                   0.65%
      Income Fund                                                       For complete details of mortality charges visit us at www.tata-aig-
                                                                        life.com
Fund Management Charges are subject to revision by Company
with prior approval of IRDA but shall not exceed 1.35% per annum        Discontinuance Charge
of the Fund value                                                       The policyholder can discontinue paying premium anytime during
Mortality Charge 4                                                      the policy term by intimating to the company. However when the
                                                                        request for discontinuance from the policy is within the Lock-in
The Mortality Charge of the Basic Policy will be deducted by            period of 5 years from policy inception, Total Fund Value, as on the
cancelling Units at the Unit Price, from the Regular Premium Fund       date of intimation, net of discontinuance charges shall be put in the
Value of the Policy on each Policy Month Anniversary. In case of the    'Discontinued Policy Fund'.
Top-Up Sum Assured, the same will be deducted from the Top-Up
Fund Value. If the Regular Premium Fund Value is insufficient, then     The proceeds of the discontinued policy, after addition of interest
mortality charge will be deducted from the Top-Up Fund Value, if        computed at an interest rate of minimum 3.5% p.a, shall be paid to
any and vice-versa.                                                     the policyholder only after completion of the Lock-in period.

Mortality charge is the amount of insurance cover for the month         The following table shows discontinuance charge as percentage of
multiplied by the applicable Mortality Rate for the month, based on     Regular Premium Fund Value:
the age of the Life Assured.                                                Policy    Discontinuance charge for Discontinuance charge for
Insurance cover in each month for Regular Premium Account is the             year     Annualised Premium upto Annualised Premium
                                                                                      ` 25000                   above ` 25000
difference between:
                                                                              1       Lower of 20% of           Lower of 6% of
a) Maximum of (basic sum assured or 1.05 times Total Regular                          Annualised premium or     Annualised premium or
premium paid) net of all deductible partial withdrawals, if any, from                 20% of Regular Premium    6% of Regular Premium
the Regular Premium Fund Value                                                        Fund Value subject to     Fund Value subject to
And                                                                                   maximum of `3000          maximum of ` 6000
                                                                              2       Lower of 15% of           Lower of 4% of
b) Regular Premium Fund Value of the policy.
                                                                                      Annualised premium or     Annualised premium or
Insurance Cover in each month for Top-Up Account is the difference                    15% of Regular Premium    4% of Regular Premium
between:                                                                              Fund Value subject to     Fund Value subject to
                                                                                      maximum of ` 2000         maximum of ` 5000

                              16                                                                       17
    Policy   Discontinuance charge for Discontinuance charge for           for policies on Annual, Semi-Annual or Quarterly Modes. For Policies on
     year    Annualised Premium upto Annualised Premium                    monthly mode the grace period would be 15 days. During this period
             ` 25000                   above ` 25000                       your policy is considered to be in force with the risk cover as per the
                                                                           terms & conditions of the policy.
      3      Lower of 10% of             Lower of 3% of
             Annualised premium or       Annualised premium or             Backdating
             10% of Regular Premium      3% of Regular Premium             Backdating is not allowed in Tata AIG Life Insurance Swarna
             Fund Value subject to       Fund Value subject to             Bhavishya
             maximum of ` 1500           maximum of ` 4000
                                                                           Policy Loan
      4      Lower of 5% of              Lower of 2% of
             Annualised premium or       Annualised premium or             Policy Loan is not allowed in Tata AIG Life Insurance Swarna
             5% of Regular Premium       2% of Regular Premium             Bhavishya.
             Fund Value subject to       Fund Value subject to             Exclusions
             maximum of ` 1000           maximum of ` 2000
                                                                           In case of death due to suicide by the Insured, whether sane or
5th year              Nil                          Nil                     insane, within one year of date of issue of policy or date of
onwards                                                                    commencement of risk, whichever is later, our liability is limited to
                                                                           the Fund Value at the applicable Unit Price.
There are no discontinuance charges applicable on the Top-Up
Premium Fund Value.                                                        For exclusions on the rider benefits, please refer to the respective
                                                                           rider contract.
Partial Withdrawal Charge
There are no partial withdrawal charges under this product.                Tax Benefits

Fund Switching Charge                                                      Premiums paid under this plan are eligible for tax benefits under
                                                                           section 80C of the Income Tax Act, 19615. Moreover, life insurance
There are 12 (twelve) free switches per policy year. Thereafter a
                                                                           proceeds enjoy tax benefits as per section 10(10D) of the said Act.
charge of ` 100/- per switch will be applicable. This charge may be
                                                                           5
revised as deemed appropriate by the Company subject to prior                Tax benefits are available as per Income Tax Act, 1961, and are
clearance from the IRDA but shall not exceed a maximum of ` 250/           subject to modifications made thereto from time to time. Tata AIG
                                                                           Life does not assume the responsibility on tax implication
Premium Re-direction Charge
                                                                           mentioned anywhere in this document. Please consult your own
There is no Premium Re-direction Charge.                                   tax consultant to know the tax benefit available to you.
#
 The Company may alter all the above charges (except Mortality             Nomination and Assignment:
Charge and Premium Allocation Charges which are guaranteed
throughout the term) by giving an advance notice of at least three         While this Policy is in force, the policyholder may change ownership
months to the policyholder subject to the prior approval of IRDA           of this policy and/or the Nominee/Appointee by filing a written notice
and will have prospective effect.                                          to the company. Such change is valid only if recorded by the company
                                                                           during the lifetime of the Insured and endorsed on this policy.
In case, the Total Fund Value (Regular plus Top up) is insufficient to
recover charges, the policy will terminate and the balance Fund            Insurance Act, 1938, Section 41 (Prohibition of Rebates)
Value will be paid to you.                                                 1.   No person shall allow or offer to allow, either directly or
                                                                                indirectly, as an inducement to any person to take out or renew
IX. Other Plan Features                                                         or continue an insurance in respect of any kind of risk relating to
                                                                                lives or property in India, any rebate of the whole or part of the
Free Look Period                                                                commission payable or any rebate of the premium shown on
You have the right to cancel the policy by giving written notice to the         the policy, nor shall any person taking out or renewing or
Company and receive the premiums invested into the funds at Unit                continuing a policy accept any rebate, except such rebate as
Price as at the date of cancellation along with the charges paid after          may be allowed in accordance with the published
deducting a) for proportionate Risk and Rider Premium (if any) for the          prospectuses or tables of the insurer.
period on cover and b) Stamp duty and medical examination costs            2.   If any person fails to comply with sub regulation (1) above, he
which have been incurred for issuing the policy. Such notice must be            shall be liable to payment of a fine which may extend to Rupees
signed by policyholder and received directly by the Company within              five hundred.
15 days after the policyholder receives the Policy Document
                                                                           Insurance Act, 1938, Section 45
Grace Period
If you are unable to pay your Regular Premium on time, starting from the   No policy of life insurance effected before the commencement of
regular premium pay-to-date, a grace period of 30 days will be offered


                               18                                                                         19
this Act shall after the expiry of two years from the date of              Ø a life insurance policy is a long-term commitment. An
                                                                           Buying
commencement of this Act and no policy of life insurance effected          early termination of the policy usually involves high costs and
after the coming into force of the Insurance Act, 1938 shall, after the    the surrender value payable may be less than the total
expiry of two years from the date on which it was effected be called       premiums paid.
in question by an insurer on the ground that statement made in the
                                                                           Ø
                                                                           The brochure is not a contract of insurance. The precise terms
proposal or in any report of a medical officer, or referee, or friend of
                                                                           and conditions of this plan are specified in the policy contract.
the insured, or in any other document leading to the issue of the
policy, was inaccurate or false, unless the insurer shows that such        Ø Life Insurance Company Ltd is only the name of the
                                                                           Tata AIG
statement was on a material matter or suppressed facts which it            Insurance Company and Tata AIG Life Insurance Swarna
was material to disclose and that it was fraudulently made by the          Bhavishya is only the name of the Unit Linked Life Insurance
policyholder and that the policyholder knew at the time of making it       Contract and does not in any way indicate the quality of the
that the statement was false or that it suppressed facts which it was      contract, its future prospects or returns.
material to disclose.
                                                                           Ø
                                                                           This product is underwritten by Tata AIG Life Insurance
Provided that nothing in this section shall prevent the insurer from       Company Ltd.
calling for proof of age at any time if he is entitled to do so, and no
                                                                           Ø
                                                                           This brochure should be read along with the sales illustration,
policy shall be deemed to be called in question merely because the
terms of the policy are adjusted on subsequent proof that the age of       Ø
                                                                           Insurance is the subject matter of the solicitation.
the life insured was incorrectly stated in the proposal.
Tata AIG Life - A New Look At Life                                         For complete details please contact our Insurance advisor or visit
                                                                           Tata AIG Life's nearest branch office or call our toll free number 1-
Tata AIG Life Insurance Company Limited (Tata AIG Life) is a joint
                                                                           800-11-9966 (facility available from MTNL and BSNL lines) and 1-
venture company, formed by Tata Sons and AIA Group Limited
                                                                           860-266-9966 (facility available from all mobile and landlines
(AIA). Tata AIG Life combines Tata's pre-eminent leadership
                                                                           wherein local charges would apply) or write to us at
position in India and AIA's presence as the largest, independent
                                                                           customercare@tata-aig.com. Visit us at: www.tata-aig-life.com or
listed pan-Asia life insurance group in the world spanning 15
                                                                           SMS 'LIFE' to 58888.
markets in Asia Pacific. Tata Sons holds a majority stake (74%) in the
company and AIA holds 26% through an AIA Group company. Tata
AIG Life Insurance Company was licensed to operate in India on
February 12, 2001 and started operations on April 1, 2001.


DISCLAIMER:
Ø
Investments are subject to market risk.
Ø
Unit Linked Insurance products are different from traditional
Life Insurance products and are subject to risk factors. Please
know that the associated risks and the applicable charges from
your insurance agent or the intermediary or the policy
document.
Ø
The various funds offered under this contract are the names of
the funds and do not in any way indicate the quality of these
plans, their future prospects and returns.
Ø
The performance of the managed portfolios and funds is not
guaranteed and the value may increase or decrease in
accordance with the future experience of the managed
portfolios and funds. Past performance is not indicative of
future performance.
Ø
Premium paid in the Unit Linked Life Insurance Policies are
subject to investment risks associated with capital markets and                   Tata AIG Life Insurance Company Ltd. (Reg. No.110)
the NAVs of the units may go up or down based on the                                Registered & Corporate office: Delphi - B Wing,
performance of fund and factors influencing the capital market                                 2nd Floor, Orchard Avenue,
and the insured is responsible for his/her decisions.                                           Hiranandani Business Park,
                                                                                                 Powai, Mumbai - 400 076.



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