Tata AIG Life Navkalyan Yojana
Tata AIG Life Ayushman Yojana
Tata AIG Life Sampoorn Bima Yojana
Tata AIG Life Sumangal Bima Yojana
Tata AIG Life Sumangal Bima Yojana


To encourage regular long term savings from those who prefer to set aside some money and get periodic returns, while enjoying the benefits of insurance protection. We introduce "Tata AIG Life Sumangal Bima Yojana”, a limited premium pay money back plan.

In this plan you have to pay premium for 10 years and you get insurance protection for 15 years. Enjoy total guaranteed returns of 120% of the *total policy premium at specified intervals during term of the policy.


Key features include:

  • Policy Term : 15 years
  • Premium Paying term : 10 years
  • Coverage Limits : Minimum Death Benefit (Sum Assured): Rs.5,000/-
                              Maximum Death Benefit (Sum Assured): Rs.30,000/-
  • Premium payment frequency : Monthly, quarterly, half yearly & yearly
  • Survival Benefit: We shall pay you the survival benefits as below, if you have paid all due premiums.

    Policy Anniversary Year endGuaranteed Pay outs
    6th 10% of (*Total Policy Premium)
    9th 20% of (*Total Policy Premium)
    12th 30% of (*Total Policy Premium)


    Payment of Survival Benefits will not reduce the death benefit. Survival benefits are not payable during Auto cover period.
  • Death Benefit :Death Benefit will be paid to the nominee i.e. Sum assured in the event of the Insured’s unfortunate death during the term of the policy and provided the policy is in force on the date of death of the policy holder. Any unpaid premiums and any balance of premium due for the full policy year in which death occurs shall be deducted from the death benefit payable.
  • Maturity benefit : We shall pay you the Maturity Benefit i.e. 60% of the *Total Policy Premium, if you have paid all due premiums.
  • Rider :Option to attach Tata AIG Life Accidental Death Benefit Limited Underwriting Rider for a Coverage Amount of at least Rs. 10,000 at a nominal extra charge. An additional amount equal rider Sum Assured becomes payable in the event of death of insured due to an accident. The rider shall not be available during Auto cover period. This benefit is available during premium paying term only.

Note : ** “Total Policy Premium” means amount equal to the total policy premium, (that is Annual premium* premium paying term) as if the policy were on annual basis regardless of the policy’s modal premium. Such amount should be excluding all extra premiums for medical and/or occupational loading (if any) without interest and service tax. This will exclude Tata AIG Life Accidental Death Benefit Limited Underwriting Rider (optional) premium if opted for.

Tax Benefits and Age Eligibility

  • Premiums paid under this plan are eligible for tax benefits as per the Income Tax Act, 1961 and are subject to any amendments made therein from time to time.*
  • Anyone between ages 18 and 60 can apply for this policy.

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UIN - 110N061V01