We have received your query/ request for policy surrender, and we would like to inform you that life insurance cover is aimed at building protection for the family of the insured and also for building long-term investment portfolio. We would like to state that LIFE INSURANCE PLAN is a Unit-Linked Policy, which means that the policy provides you a life insurance cover, along with the benefits of being invested in the market.
The Sum Assured on your policy is ₹ 1000000.00/- and your current fund value as on 29/09/2022 is ₹ 10000.00/-.
We’ve attached a copy of the Unit statement dated 29/09/2022 for your reference. You may refer to the document for getting a more detailed information on how your policy has grown over these years.
We strongly recommend that you reconsider your decision of policy surrender.
However, if you still wish to proceed with policy surrender, please follow the steps mentioned below:
Step 1: Duly-fill & sign the copy of the attached Surrender Request Form
Step 2: Visit nearest Tata AIA life Insurance branch with the documents listed below:
Ø Photograph (Policyholder)
Ø Duly filled Surrender form (Attached)
Ø NEFT details along with copy of personalized cheque / Photocopy of Bank Passbook
Ø Original policy document (Not required if you have electronic-Insurance Account (e-IA)
Ø Copy of Address proof1 of policyholder
Ø Copy Identity proof1 of policyholder
Ø NRI Declaration & FATCA Form (Applicable only for NRI Customers)
Ø NRI - Form 10F (in case of tax benefit under DTAA, to avoid double taxation)
The NAV applicable will be of the 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.
Step 3: Submit your request to the branch in-charge and once your documents are submitted for processing, it will take 06 days for the request to get processed.
The address of the nearest branch where we accept surrender request is:
Tata AIA Life Insurance Company Ltd.
<<<<<< Surrender Branch Address >>>>>>>
Branch Timings: Monday to Friday – 10.00 am to 03.00 pm (Please note that we are closed on Sundays & Public Holidays)
1 Carry original documents for verification
**Funds which do not have benchmarks and not completed 5 years are excluded