Tata AIA Life Launches Smart Value Income Plan

HT Bureau
GUWAHATI, May 31: Tata AIA Life Insurance Co. Ltd. (Tata AIA Life), announced the launch of Tata AIA Life Insurance Smart Value Income Plan, a non-linked, participating life insurance savings plan. Tata AIA Life Smart Value Income Plan provides several first-time features along with best-in-class regular and consistent income options, enabling consumers to secure their financial future and create wealth for long-term goals.
Commenting on the launch of the Smart Value Income Plan, Venky Iyer, president & chief distribution officer at Tata AIA said, “As we come out of the pandemic, the economic landscape continues to remain uncertain amid geopolitical issues, rising inflation, income uncertainty, etc. Amid these conditions, consumers prefer a balance between quality of life and achievement of key financial goals. Our unique proposition, ‘Tata AIA Smart Value Income Plan’ will empower consumers and their families with its best-in-class features. It helps them generate wealth and avail life cover even in situations where there are premium payment gaps, with the one of its kind ‘Premium offset’ facility. Such benefits make this product stand out in the market and should be a preferred choice for all consumers.”
Notably, Smart Value Income Plan can be bought by individuals from age 1 to 65, with the maximum maturity age being 100 years. The policyholder can also avail of tax benefits u/s 80 C and 10 (10 D) of the Income Tax Act, 1961.