We understand your concern to surrender the policy.

 

Today, the global market is as volatile as it can be! We truly understand that its impact on your policy can be unsettling, but we would like to emphasized on the fact that markets eventually recover and keep growing. We believe that holding steady through this time is the best way to reach your long-term financial goals.

 

We would like to state that the financial corpus gained through this policy is due to your continued investment with us. We thank you for your patronage and continuous investment. Your policy protects the future of your family members with a life insurance cover, along with the benefits of being invested in the market. We would like to remind you that this policy was taken as a financial protection for your loved ones.

 

Please find attached a copy of the Unit statement dated 11/03/2023 for your reference. 

 

The NAV applicable will be date of request received and NAV of the same date if request is received before 3 PM or next business day NAV, if received after 3 PM.

 

In the meanwhile, we will request you to go through the below policy details provided and reconsider your decision:-

• Flexible Policy Terms.
• Flexibility to choose from range of Portfolio Strategies like SMART or AAA.
• Flexibility to choose between 7 Investment Fund options.
• Flexibility to choose from 6 riders for 'additional protection'.
• Tax benefits u/s 80C and 10 (10D) of the Income Tax Act, 1961.

We would urge you to reconsider your decision to surrender the policy to reap the benefits of this plan in future. Our advice is keeping your best interest in mind. However, if you still wish to surrender your policy, we will understand.

 

We would recommend you to visit your nearest TATA  AIA Life Insurance Branch with the below required documents to get surrender of your policy:

1. Photograph (Policyholder)

2. Scan copy of duly filled & signed surrender form (Attached)

3. A personalized cancelled cheque self-attested signature / bank passbook copy self-attested signature / Bank statement self-attested signature (not more than one month old)

4. Original policy document (Not required if you have electronic-Insurance Account (e-IA)

5. Copy of Address proof of policyholder

6. Copy Identity proof of policyholder

7. NEFT form (If Neft details are not updated in policy)

 

Post receiving the documents we shall process further with your request for policy surrender within 06 days.

 

* Mask the Aadhar Number on the true copy whenever it is submitted. (hiding the first 8 digits and only showing last 4 digits)

 

You can get your NEFT details updated within 3 days by the below following steps:

 

Kindly find the below link to get the address of your nearest branch and select option in "service you are looking for" as surrender processing for surrender request:  

 

 

Branch address - Unit No. 707 & 708, Seventh Floor, Spaces 912, Opp. Pleasant Park, Mira Road (East), Thane - 401107

 

Branch Timings: Monday to Friday – 10.00 am to 03.00 pm (Closed on Sunday & public holidays)