Tata Aig Life Lakshya Plus Tata

Tata AIG Life Lakshya Plus

Each one of us desires the best from life and certainly wants our finances to support our desires. Given the fast pace and complexities of our day to day lives, as an investor, you would seek a simple solution for wealth creation and protection.

Tata AIG Life Lakshya Plus is an easy to purchase unit linked insurance plan. The plan provides you the dual benefit of investment and protection with just a health declaration. It also acts as a flexible money saver which helps you to achieve the right asset allocation through the benefits of rupee cost averaging.

Key features include:

  • Policy terms: 15/20/25/30 years
  • Premium paying term : same as policy term
  • Sum Assured: 5 times the Annualized premium
  • Guaranteed Maturity Addition of 8% of Regular Premium Fund Value on maturity**
  • Eight Investment Fund Options to choose from - Top-50 Fund, Top-200 Fund, Aggressive Flexi Fund, Stable Flexi Fund, Bond Fund, Large Cap Equity Fund, Infrastructure Fund and Super Select Equity Fund
  • Capitalize on volatile market conditions by saving through Systematic Money Allocation & Regular Transfer Investment (SMART)
  • Additional Allocation:

Premium Year^

% of Annualised Premium

3rd  - 10th Year


11th – 20th year


21st - 30th year


^Premium Year is determined by the number of complete 12-months period for which Regular Premium has actually been paid, excluding any period of discontinuance of premiums.

**Subject to all due premiums have been paid


  Minimum/Maximum Issue Age   0 (30 days) / 60 yrs
  Maximum Maturity Age   75 Years
  Minimum Annualised Premium   Rs.18,000
  Maximum Annualised Premium   Rs.50,000
  Premium Mode   Annual/Semi-annual/Quarterly/Monthly
  Premium Payment Period   Regular

Death Benefit:

  • In case of unfortunate death of the insured, while the policy is in force & before the maturity date, his/ her nominee will get Higher of (i) the Sum Assured net of all Deductible Partial Withdrawals, if any, from the Regular Premium Account , or (ii) the Regular Premium Fund Value at applicable unit price.
  • In addition to this, for each Top-up the death benefit will be higher of (i) The approved Top-up Sum Assured(s) net of all Deductible partial Withdrawals, if any, from the Top-up Account or (ii) Top-up Fund Value at applicable unit price.

Maturity Benefit:

  • On survival to the end of the policy term, Regular Premium Account Value and Top-Up Account Value, valued at applicable unit price, is payable. Additionally, a Guaranteed Maturity Addition# equal to 8% of the Regular Premium Fund Value due under the policy will be paid. No part of Guaranteed Maturity Addition is payable on the surrender / lapse / termination and on death.

# Provided that all the regular premiums due under the policy are paid and the policy is in force


  • For extra protection, an option to attach Tata AIG Life Accidental Death Benefit Limited Underwriting Rider (UIN: 110A018V01) for issue ages 18 to 55 years at a nominal extra charge. Rider cover cannot exceed the basic policy cover

Tax Benefits

  • Premiums paid under this plan are eligible for tax benefits under section 80C of the Income Tax Act, 1961. Moreover, life insurance proceeds enjoy tax benefits as per section 10(10D) of the said Act. Please consult your tax advisor for more details.

Get In Touch