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| Minimum1 | Maximum1 | ||
| Entry Age | For PoS Option 2: 40 years Other than POS 30 years | For PoS Option 2: 70 years Other than POS Option 1 & 2: 85 years Option 3 & 4: 84 years* * annuity to start max at age 85 years | |
| Premium Payment Term | Single Pay | 1 year | |
| Regular/ Limited Pay | 5 years | 12 years | |
| Deferment Period | Single Pay | 1 year | 10 years |
| Regular Pay | Equal to Premium Payment Term | ||
| Limited Pay | Premium Payment Term + 1 | Premium Payment Term + 5 years | |
| Annuity Amount2 (Rs.) | • Yearly in arrears: ₹ 12 (in ‘000s) • Yearly in advance: ₹ 12 (in ‘000s) • Half Yearly in arrears: ₹ 6 (in ‘000s) • Quarterly in arrears: ₹ 3 (in ‘000s) • Monthly in arrears: ₹ 1 (in ‘000s) The minimum annuity instalment provided above shall be complied in all policy years. The above minimum annuity amount shall be inclusive of annuity booster, if applicable. | No limit, subject to Board Approved Underwriting Policy | |
| Purchase Price3 | Corresponding to minimum annuity amount above | As per maximum annuity chosen | |
| Group size | 5 | No Limit | |
In case of Joint Life Annuities, age limits apply to both lives.
The minimum annuity instalment provided in the table above shall be complied in all policy years
The Purchase Price referred in the table above means total of all the premiums payable, excluding extra premium, any rider premium, taxes and other statutory levies, if applicable.
The minimum Purchase Price that will produce the minimum annuity mentioned in the table above will depend on the minimum annuity rates, as applicable. Annuity rates may be reviewed by the company subject to IRDAI approval on a periodic basis and the revised rates will be applicable for future new policies including Top-ups, if any.
If this product is purchased as Qualifying Recognised Overseas Pension Scheme (QROPS) through transfer of UK tax relieved assets, the minimum entry age for payment of annuity will be governed by the rules defined by Her Majesty's Revenue and Customs (HMRC) from time to time.
Rider^ Details
The below mentioned rider(s) would be available with the base product:
Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V03 or any other later version)



