Tata AIA Pension Plans

Tata AIA Pension Plans offer a robust solution for individuals seeking to secure their financial future post-retirement. With a focus on reliability and flexibility, these plans provide a structured approach to building a retirement corpus while offering various benefits such as tax advantages and guaranteed returns.

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Insurer highlights
Starting premium
₹2,000/month
Past returns
Upto 20%
Tax saving
Sec 80 C, Sec 10(10D)
No. of funds
Upto 20
Invest ₹6,000/month & Get Tax-Free* Monthly Pension of ₹60,000#
Get the best returns & make the most of your golden years
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Plans available only for people of Indian origin By clicking on "View Plans" you agree to our Privacy Policy and Terms of use #For a 55 year on investment of 20Lacs
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7.7 Crore
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Insurance Partners
4.2 Crore
Policies Sold
Disclaimer: #Rs 60,000 are the monthly pension amounts at the assumed rate of return of 8% p.a. and 4% p.a. for unit linked insurance plans. This is an illustrative example and the returns are not guaranteed & dependent on the policy term and premium term availed along with the other variable factors. The market linked return of 60K per month is for an 18 year old investing 6k per month for 20 years in a whole life policy having policy term 82 years in which Systematic partial withdrawals start at the age of 65 years at 5% rate of withdrawal per year. The investment risk in the policy is borne by the policyholder. All Plans listed here are of insurance companies’ funds. *Tax benefits and savings are subject to changes in tax laws. All Plans listed here are of insurance companies’ funds.
Benefits of Investing in Pension Plan
TaxFree Pension For Life
Get a tax-free pension for life with full flexibility to withdraw any amount at any time.
Tax Benefits
Tax benefits under Section 80(C) and no tax on returns under Section 10 (10D).
Retire Anytime
Start your Pension any time after 5 years using the systematic withdrawal option.
12 Free Switches per policy year
Flexibility to transfer your money between different funds to maximise your returns
Special Additions
Loyalty Additions every year from the 11th Policy Year till the end of the Policy.
Sameep Singh
Written By: Sameep Singh
Sameep Singh
Sameep Singh Business Unit Head - Domestic Savings
Mr. Sameep Singh is a Business Unit Head for the domestic Investment Business at policybazaar.com, holding a master's from Symbiosis School of Banking & Finance. He has played a pivotal role in crafting investment and term business strategies during his tenure at Policybazaar. His exceptional leadership has been instrumental in driving both product and business growth throughout his impressive career.
Vivek Jain
Reviewed By: Vivek Jain
Vivek Jain
Vivek Jain Head of Savings business
Mr. Vivek Jain is the Business Unit Head for Investment Business at Policybazaar.com. A graduate of the prestigious IIM Calcutta he brings over a decade of invaluable experience to his current role. In his capacity as Business Unit Head, he has been a driving force behind the success of Policybazaar's Investment business. Mr. Jain is recognized for his instrumental role in product innovation within the Savings/Investment domain. His leadership and expertise have been pivotal in scaling up the Investment business, underscoring his significant contributions to Policybazaar.com's growth and success.

What is Tata AIA Pension Plan?

Tata AIA Pension Plans are retirement investment options offered by Tata AIA Life Insurance Company Limited. These best pension plans are designed to help you accumulate funds during your working years to secure a steady income post-retirement. Tata AIA Pension plans invest in market-linked pension plans, offering various benefits, such as regular income payments after retirement, tax benefits on contributions, and flexibility in choosing the retirement age depending on the chosen plan variant. The Tata AIA Pension Plans aim to provide you with financial security and stability during your retirement years.

Secure Your Retirement Secure Your Retirement
Types of Pension plans

There are 2 types of pension plans: market-linked pension plans and annuity plans.

Market Linked
Market-linked pension plans invest your money in Unit Linked Insurance Plans (ULIPs) with a policy term of 99 years. One portion of your money is invested in top-performing market-linked funds, and the plan's value grows with these investments. Depending on the plan type, you can systematically withdraw funds after a certain period. The other portion provides you with insurance coverage.
Annuity plans
Annuity plans, on the other hand, offer 100% guaranteed income during retirement. The amount is pre-decided at the time of policy purchase and does not get affected due to market fluctuations at any time.

Best Tata AIA Pension Plans†† in India in 2025

The following table lists the three best investment plans offered by Tata AIA Pension Plans in India:

Tata AIA Pension Plans Plan type Entry age Vesting age Premium Payment Term (PPT) Policy Term (PT) Sum Assured on Vesting*
Tata AIA Fortune Guarantee Pension Annuity 30 — 84 years NA Single Pay
Regular/ Limited 5 — 12 years		 Single Pay 1 — 10 years

Regular same as PT

Limited PPT + 1 year to PPT + 5 years		 Rs. 12,000 p.a. — No Limit
Tata AIA Fortune Guarantee Retirement Ready Annuity 18 — 65 years 40 – 85 years Single Pay
Regular/ Limited 5 — 15 years		 Single Pay 5 — 50 years

Regular 5 — 15 years

Limited 6 – 50 years		 Rs. 30,000 p.a. — No Limit
Tata AIA Fortune Maxima Market linked 18 — 60 years 100 years Single Pay;
Limited: 5 — 20 years		 100 minus entry age Single 1.25 x Single Premium

Limited 7 x Annualised Premium
Tata AIA Saral Pension Annuity 40 — 80 years NA Single Pay 1 Year Rs. 12,000 p.a. — No Limit

Disclaimer: †† Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is done in alphabetical order (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Details of Top Tata AIA Pension Plans in 2025

Tata AIA Fortune Maxima is a non- participating, Unit- Linked Insurance Plan (ULIP) that provides life insurance protection for your entire life. This investment option also allows you to invest your money in chosen market-linked funds as per your risk appetite.

Features of Tata AIA Fortune Maxima Plan:
  1. Insurance Protection: Pay premiums once or for a limited period and enjoy lifelong insurance coverage.
  2. Savings Enhancement: Regular Loyalty Additions boost savings over time.
  3. Investment Flexibility: Choose from 21 Fund options to tailor your investment strategy.
  4. Customization Options: Customize your plan with a range of riders to suit your specific needs.
  5. Portfolio Strategy Choices: Opt for Enhanced Systematic Money Allocation & Regular Transfer Investment Portfolio Strategy.
  6. Tax Benefits: Enjoy tax benefits under sections 80C and 10 (10D) of the Income Tax Act, 1961.

The Tata AIA Fortune Guarantee Retirement Ready Plan is a retirement plan offered by Tata AIA Life Insurance. It is a non-linked, non-participating plan, which means that the returns are not linked to the market performance, and there are no bonus payments.

Features of Tata AIA Fortune Guarantee Retirement Ready Plan:
  1. Flexibility: Choose from three plan options: My Pension, Partner Pension, and Partner Pension Plus.
  2. Guaranteed Additions: Get guaranteed additions of 6% of the sum assured on vesting, boosting your retirement savings.
  3. Lump Sum Vesting Addition: Receive a lump sum Vesting Addition payment upon reaching the vesting period.
  4. Premium Payment Options: Choose between Single, Limited, or Regular premium payment terms.
  5. Special Discounts: Enjoy special discounts for Women, Transgender individuals, and young policyholders.
  6. Tax Benefits: Take advantage of tax benefits under Section 80C of the Income Tax Act, 1961, to save on taxes while securing your retirement.

The Tata AIA Fortune Guarantee Pension Plan is a non-linked, non-participating individual life insurance plan designed to provide you with a guaranteed income after retirement.

Features of Tata AIA Fortune Guarantee Pension Plan:
  1. Lifetime Guaranteed Income: Receive a guaranteed income for life after a deferment period, payable monthly, quarterly, half-yearly, or annually.
  2. Deferment Period: Time between purchasing the policy and the start of annuity payments, ranging from 1 to 10 years.
  3. Premium Payment Options: Choose from single pay, limited pay, or regular pay options.
  4. Death Benefit: If the policyholder dies during the deferment period, the nominee receives the higher of total premiums paid or a guaranteed amount, plus accrued guaranteed additions.
  5. Tax Benefits: Premiums qualify for tax deductions under section 80C of the Income Tax Act (subject to changes).

The Tata AIA Saral Pension Plan is a single premium, non-linked, non-participating, individual, immediate annuity plan offered by Tata AIA Life Insurance. This retirement plan is designed to provide you with a guaranteed income stream for your entire lifetime after you invest a lump sum amount.

Features of Tata AIA Saral Pension Plan:
  1. Lifetime Guarantee: Receive a steady income for your whole life, as per policy conditions.
  2. One-time Investment: Begin with a single lump sum.
  3. No Medical Tests: Avoid the hassle of medical exams.
  4. Flexible Payout Options: Customize your annuity payments to match your preferences—monthly, quarterly, half-yearly, or yearly.
  5. Life Annuity with 100% Return of Purchase Price (ROP): Get back at least what you invested, even if you pass away before the policy ends.
  6. Joint Life Last Survivor Annuity with 100% Return of Purchase Price (ROP): Ensure income for both you and your spouse while either of you is alive, with a refund to the nominee if both pass away.
Flowers
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Steps to Buy Tata AIA Pension Plans from Policybazaar

You can follow the steps mentioned below to purchase the best-suited Tata AIA Pension Plans through Policybazaar:

Steps to buy Tata AIA Pension Plans
  1. Visit Policybazaar: Go to policybazaar homepage, click on the Retirement Plans section, fill details and navigate to the pension plan options.
  2. Basic Information: Enter the basic information to customize your pension plan options like city, your current age, and annual income range.
  3. Search and Compare: Find Tata AIA pension plans, compare features, premiums, and benefits.
  4. Select Your Plan: Choose the Tata AIA pension plan that best suits your needs and preferences.
  5. Fill in Details and Customize: Enter your details, customize the plan if options are available (e.g., premium frequency, sum assured).
  6. Make Payment and Receive Documents: Proceed with the payment online, fill the proposal form and upload documents . Once completed, you'll receive the policy documents electronically.

Benefits of TATA AIA Pension Plans

Policybazaar simplifies comparing Tata AIA pension plans and helps you make investment decisions easily.
Policybazaar offers online purchasing, saving time over direct dealings with Tata AIA.
Policybazaar provides assistance with queries and the application process.
Policybazaar consolidates insurer research in one place, saving time.
Policybazaar offers unbiased guidance as it is not affiliated with any specific insurance company.
People Also Ask
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TATA AIA Pension Plan Calculator

Pension Plan Calculator helps you easily calculate the amount you need to invest to get a desired pension. It helps you to make informed financial decisions for your retirement. You just need to enter basic information like your age, monthly expenses, and retirement age, the calculator will show you the required investment amount.

Summary

Tata AIA Pension Plans are a great way to make sure you have enough money for when you retire. They give you investment choices, good returns, and financial support for your retirement period, which makes them a smart option for securing your future.

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Tata AIA Pension Plans - FAQS

  • What types of pension plans does Tata AIA offer?

    Tata AIA offers two main types of pension plans:

    • Annuity Plans: These annuity plans provide guaranteed regular income after you retire. You can choose to receive payouts immediately or defer them for a set period.

    • Guaranteed Returns Retirement Plans: These plans offer guaranteed returns on your investment and come in three options: lump sum payout, regular income, or whole life income.

  • What are the benefits of investing in a Tata AIA Pension Plan?

    Following are the key benefits offered by Tata AIA Pension Plans in India:

    • Guaranteed income: These plans offer predictable income after retirement.

    • Flexible payout options: Choose to receive payouts immediately or defer them.

    • Tax savings: You may get tax benefits on your contributions.

    • Loan options: Get loans against your policy in some plans (subject to conditions).

  • What are the different annuity options available in Tata AIA plans?

    The different annuity options offered by Tata AIA Plans are as follows:

    • Immediate Life Annuity

    • Immediate Life Annuity with Return of Purchase Price

    • Deferred Life Annuity (with or without Return of Purchase Price)

  • How do I choose the right Tata AIA Pension Plan for me?

    You should consider your retirement goals, risk appetite, and desired income stream to choose the appropriate Tata AIA Pension Plan.

  • How to pay premium? What are the modes of payment available?

    TATA AIA life Insurance offers 5 modes of premium payment namely;
    • Online Payment
    • DropBoxes
    • Auto debit
    • Cash/Cheque collection center
    • Payment Collection Center.

    For online payment mode, the policyholder can pay via;

    • NEFT transfer
    • Activating auto debit facility in the bank account
    • Quick pay via ICICI portal
    • Internet Mobile Payment Service

    Alternatively, the policyholder can pay in cash or drop cheque at any of the payment collection centers or dropboxes mentioned on the TATA AIA website.

  • How can I check policy status for Tata AIA Pension Plans?

    If you are a registered user, directly log into TATA AIA website with relevant username and password. You would be directed to the homepage of your policy account. Now simply click the tab “Check Policy Details” to check the status of your policy and other relevant details. For new policyholders they must register on the website and proceed with the same steps. 

  • What is the policy renewal process for Tata AIA Pension Plans?

    TATA AIA offers the policyholders a chance to renew their policy online. Simply log into the portal and follow the link that leads to secured payment process. You can renew your policy by using debit, credit card, or net banking option. Opt for Auto Renewal, when you initially sign up for the policy to save efforts and time. If you did not then you can do now by contacting customer helpdesk at toll free number.

  • What is the company’s process to settle claim for Tata AIA Pension Plans?

    Company offers a transparent claim process. The policyholder can register claims by submitting their request at the customer care helpdesk . Upon receiving complete documents, the claim is settled within 7 working days. There are dedicated offices at certain locations to directly file the claims.

  • What is the policy cancellation process for Tata AIA Pension Plans?

    The policyholders must attach the relevant policy documents along with a filled surrender form at any of the branch locations in their city. Upon receiving the correct documents, the deposited amount is credited into the policyholder’s bank account as per the company’s records, and the policy is cancelled.

    Please check Retirement Plans India

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Reviews & Rating
4.1 / 5
(Showing Newest 10 reviews)
FK
Faisal
Lucknow, January 16, 2025

Awesome

"I have less idea about the insurance policies because I never gone through buying insurances, now i purchase tata aia ulip policy plan, the policy is great. Premium for my plan is 19 K thrice per year and at the time of maturity the sum assured might be 38 L. They have daily update so i get numbers of mails from them. Good Service, I like it."

KA
Kunal
Delhi, January 16, 2025

Perfect Policy

"I found fine policy plan at last from web services. Tata aia life insurance ulip policy plan i purchase which has low premiums and the the policy coverage is high 92%. Service is good with claiming amount at high interest. The staff facilitate good treatment and solve almost all the problems. I like the policy."

GS
Gaurav
Ulhas_nagar, January 16, 2025

Wonderful Savings

"I purchase tata aia pension plan for my wife from tata aia life insurance. The policy coverage is good 91% and the claims are high. The premiums are low ~38 K per year and the returns are high 43 L after policy ends. Service is fast and the waiting is not necessary because no paper work is there for most work and the web services are also good. I like this policy."

AB
Amitabh
Mangalore, January 16, 2025

Great

"The pension policy plan i bought from tata aia life insurance is great. The policy coverage is 89% and the claims are of Rs.43 L after the policy ends. The investment is low approx. Rs.21 K thrice per year. The services are nice which provided by the company. Nice future savings. I like the plan."

CS
Chandan
Buxar, January 16, 2025

Manageable

"Tata aia ulip plans is the fantastic policy. They provides policies in low premiums, the policy coverage is high around 89% and the claims are easily sanctioned. The services are really fast and the staff members are responding with good behaviour. There is an inbuilt accidental death benefit feature."

PT
Prabhjot
Zahirabad, January 16, 2025

High Returns In Low Premium

"Recently find the great policy plan that is ulip insurance policy plan and buy one from tata aia Life Insurance. The policy coverage is high ~87% with very low premium. The service of all staff of your company is great with nice response. The return payback amount is around Rs 32 L at end of the policy."

YS
Yajan
Nasik, January 16, 2025

superb plan

"The policy coverage is 88%, The claims are high and the claiming is easy because of the executives and the staff members service they provide. Great tata aia ulip plan with huge benefits.The premiums are less ~39 K and the returns are high ~Rs.31 L. Good work."

BM
Bhupesh
Lonavla, January 16, 2025

High Returns In Low Premium

"I'm Securing my future by investing my money on tata aia life insurance and buy the pension plans. The best investment according to me, the policy covers 92% and the claiming is easy due to fast services provided by the executives and staff members. The policy saves taxes also. I like it."

OS
Omesh
Panaji, January 16, 2025

Satisfactory

"Tata aia ulip plan is good and the policy coverage is 85% with low premiums. The policy claims are simple to sanctioned with good interest. Services provided by executives and the staff members are good and on time. There is an inbuilt Accidental Death Benefit feature."

GA
Gaurav
Karnal, January 16, 2025

Good Service

"From tata aia life insurance i have taken a ulip plan for the tenure of 43 years in which we get lumps um amount after the maturity of the policy plan. Policy coverage is 83% of investment. Accident and natural death is inbuilt secure in this policy. Service is fast and on time which is facilitate from staff members. I like the policy."

Write a Review

*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*Tax benefit is subject to changes in tax laws
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
#The returns calculated at a 15% annual compound interest rate are hypothetical and for illustrative purposes only. Actual returns may vary based on market conditions and other factors. Past performance is not indicative of future results. Please consult a financial advisor for personalized advice.

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  • Invest ₹6,000/month

    & Get Tax free Pension of ₹60,000*/month

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