Tata AIA ULIP Plans

Features of Tata AIA ULIP Plans

The features offered by these ULIP Plans are: 

• Dual Benefits: These plans offer both insurance coverage and market-linked investment opportunities under a single product. The insurance component helps you secure your family financially even in your absence, and the market-linked investments help you grow your savings by maximising your returns.

• Partial Withdrawals: After a lock-in period of five years, you can withdraw your money partially to meet your sudden financial needs and let the remaining amount be invested.

• Fund Options: ULIP Plans provide you with the option to choose from a variety of funds to suit your needs based on your risk appetite and financial goals.

• Maturity Benefits: When the policy ends, the policyholder gets the accumulated fund value, including your investment and the market-linked returns.

• Tax Benefits: Tata AIA ULIP plans offer tax benefits on premium payments under Section 80C and on the maturity fund value under Section 10(10D) of the Income Tax Act. Tax laws are subject to change. 

Types of ULIP Plans Offered by Tata AIA Life Insurance

1. Tata AIA Premier SIP

   Tata AIA Premier SIP is a unit-linked insurance plan designed for disciplined investing. It offers the benefits of systematic investment, market-linked returns, and long-term financial security, helping you achieve a worry-free future.

   • Waiver of Premium Benefit: In case of an unfortunate event, future premiums are waived off, keeping your plan active.

   • Zero Allocation Charges: Your entire premium is invested from day one, maximising your returns.

   • Health and Wellness: This investment plan offers doctor teleconsultations, preventive health check-ups, and discounted vaccinations through Health Buddy.

   • Smart Lady Benefit: Female policyholders receive an additional 0.5% allocation on their first-year premium, boosting their wealth creation.

   • Unlimited Fund Switching: You have complete control to switch between funds as often as you like, without any extra cost.

2. Tata AIA Smart Fortune Plus

   Tata AIA Smart Fortune Plus provides the dual advantage of wealth creation and a whole-life insurance cover. This plan offers long-term financial security with benefits like high premium boosters and loyalty additions.

   • High Premium Booster: The plan offers extra fund allocation for high-value annual premiums; 0.25% for annual premiums between ₹50,000 and ₹1,19,999, and 0.5% for premiums of ₹1,20,000 and above, on Limited/Regular pay policies. This extra allocation accelerates your wealth growth.

   • Whole-Life Cover: Enjoy life insurance protection up to 100 years of age, ensuring lifelong security for your family.

   • Fund Additions: Your investment is enhanced with loyalty additions and a maturity booster for staying invested consistently.

   • Smart Lady Extra Allocation: Women policyholders receive an additional 0.25% to 0.5% allocation, giving a boost to their wealth from the very first year.

   • Vitality Wellness Program: You can receive potential discounts and other benefits by making healthy lifestyle choices.

3. Tata AIA Smart Sampoorna Raksha Supreme

   Tata AIA Smart Sampoorna Raksha Supreme plan offers a blend of high life insurance coverage and increased investment benefits. It is a comprehensive solution that helps you discover wealth while being well-protected.

   • Refund of Premium Allocation Charges: Two times the total premium allocation charges are added to your fund value at specific policy years.

   • Cover Continuance Boosters: Additional units are added to your fund value if it falls below a certain threshold to help maintain your cover.

   • Multiple Withdrawal Plans: After the lock-in period, you can choose from various withdrawal strategies to generate a second income. Those three three withdrawal plans: 

     • Systematic Withdrawal Plan

     • Chosen-Rate Withdrawal Plan

     • Index Based Withdrawal Plan

   • Loyalty Additions: Extra units are added to your fund value as a refund of mortality charges from the 11th policy year.

   • Maturity Payout Flexibility: You have the option to receive the maturity benefit as a lump sum or through regular payments over a five-year period.

   • Riders for Additional Coverage: To provide you with additional coverage, Riders can be included in the plan. 

   People also read: What is ULIP

4. Tata AIA Life Insurance Param Raksha Life Maxima Plus

   Tata AIA Life Insurance Param Raksha Life Maxima Plus is a comprehensive ULIP that provides enhanced protection with wealth-building opportunities. It offers flexible options to secure your family's future and gives maximised returns through market-linked investments.

   • Whole-Life Coverage: The plan provides life insurance coverage until 100 years of age, ensuring lifelong financial security for your loved ones.

   • Vitality Wellness Program: You can improve your health and earn up to a 10% discount on Tata AIA Vitality Protect Advance premiums in the first year.

   • Return of Premiums: Upon maturity, you receive the fund value plus a return of the Tata AIA Vitality Protect Advance premiums paid.

   • Low GST Rates: The plan benefits from a reduced GST rate of 4.50% in the first year and 2.25% from the second year onwards.

5. Tata AIA Fortune Pro

   Tata AIA Fortune Pro is a linked unit investment plan that gives you greater control over your financial future. It is a reliable option for achieving long-term goals like buying a home or creating a legacy for your family.

   • Wealth Creation: A part of your premium is invested in funds of your choice to help you build a substantial corpus over time.

   • Long-Term Life Cover: Provides life insurance coverage up to the age of 80, securing your family for a significant duration.

   • Strategised Investment: You can align your portfolio with the Tata AIA Life Insurance Enhanced SMART strategy for structured growth in a volatile market.

   • Flexible Premium Options: This plan allows you to choose from various policy terms and premium payment tenures to suit your financial goals.

   • Waiver of Premium Riders: To give you extra coverage, you can add the following riders to your plan: 

     • Tata AIA Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider

     • Tata AIA  Waiver of Premium (Linked ) Rider

     • Tata AIA  Waiver of Premium Plus (Linked ) Rider

6. Tata AIA i Systematic Insurance Plan

   Tata AIA i Systematic Insurance Plan is a Unit-Linked Insurance plan that provides a host of benefits, including flexible withdrawals and a wealth booster to help you achieve your life goals, such as securing your loved ones' financial future or planning for your child’s education.

   • 2 Plan Options: The plan comes with two options to fulfil your life goals. The two plans are:

     • iSIP Wealth 

     • iSIP Young Genius

   • Wealth Booster: Your investment is supercharged with a wealth booster, helping you earn more on your investment.

   • Smart Lady Feature: Female policyholders get an extra allocation of 0.25% to 0.5% on their first-year premium, boosting their investment from the start.

   • Return of Mortality Charges: A unique feature where mortality charges are returned to your fund from the 121st policy month.

   • Second Income: After the five-year lock-in, you can generate a second income using various withdrawal strategies.

   • Loyalty Program Reward: Get Neu coins equivalent to a percentage of your first-year premium, available through the Neu pass loyalty program.

7. Tata AIA Life Insurance Fortune Maxima

   Tata AIA Life Insurance Fortune Maxima is a Non-participating, Unit Linked Individual, Whole of Life Insurance Savings Plan. It is a suitable option for individuals seeking wealth accumulation through market-linked investments while securing their family's future with life insurance coverage throughout their lifetime.

   Key features of Fortune Maxima:

   • Whole life insurance cover: Protection till 100 years of age.

   • Market-linked returns: Invest in chosen funds for potential wealth growth.

   • Choice of investment options: Debt, equity, and balanced funds to suit your risk appetite.

   • Flexible premium payment terms: Single pay, limited pay, or regular premium options.

   • Loyalty additions: Receive additional units in your chosen funds from the 11th policy year onwards.

   • Optional riders: Enhance your coverage with additional benefits like waiver of premium, critical illness cover, and accidental death benefit.

   • Tax benefits: Premiums paid and maturity proceeds may qualify for income tax benefits under applicable laws.

   People also read: ULIP Calculator

8. Tata AIA Param Raksha Life Pro Plus

   Tata AIA Param Raksha Life Pro Plus is a holistic plan that combines high life cover with wealth-building opportunities. It is a suitable option for you, if you are seeking comprehensive protection and market-linked returns.

   • Grow Wealth: A portion of your premium is invested in benchmark-beating funds to build a substantial corpus.

   • High Life Cover: It provides a lump sum benefit to your loved ones in case of an unforeseen event.

   • Terminal Illness Cover: You receive an advance payout on the diagnosis of a terminal illness, with a term booster.

   • Complimentary Doctor Teleconsultations: Access to medical teleconsultations and critical care support, ensuring you are never alone during health challenges.

   • Accidental Coverage: It provides comprehensive coverage in case of accidental death or disability.

9. Tata AIA Smart SIP

   Tata AIA Smart SIP combines the advantages of wealth creation with life insurance protection. This plan is designed for individuals who want to invest systematically while benefiting from strong market performance.

   • Zero Allocation Charges: From the very first day, the whole premium given by you is invested, helping to maximise returns from the very beginning.

   • Top-Rated Funds: You can invest in a selection of funds that are consistently rated 4 or 5 stars by Morningstar.

   • Second Income Generation: The plan allows you to generate a second income after the lock-in period through flexible withdrawal options like SWP, CWP, and IWP.

   • Waiver of Premium: In case of an unforeseen event, future premiums are waived, ensuring your investment and financial goals remain on track.

10. Tata AIA Wealth Maxima

    Tata AIA Wealth Maxima provides the dual benefit of market-linked returns for wealth creation and a protective life cover. It is perfect for securing your family's future while maximising your wealth.

    • Whole-Life Insurance Cover: The plan offers life insurance coverage up to 100 years of age, giving your family a lasting financial safety net.

    • Loyalty Additions: Starting from the 11th policy year, your investments are boosted with loyalty additions in the form of additional units.

    • Flexible Pay Options: You can choose a single or limited premium payment option and still enjoy whole-life coverage.

    • Optional Riders: You have the flexibility to customize your plan with optional riders for additional protection against specific risks.

    • Flexible Investment Choices: Select from a range of funds or choose the Enhanced SMART portfolio strategy for your investments.

11. Tata AIA Smart Sampoorna Raksha Pro

    Tata AIA Smart Sampoorna Raksha Pro is designed for those seeking a mix of high coverage and enhanced investment benefits. It provides financial security while offering several unique boosters and loyalty additions.

    • Grow your Wealth: The plan provides the accumulated fund value on maturity, including any top-up premium fund value.

    • Settlement Option: You have the option to get the maturity benefit all at once as a lump sum amount or in the form of periodical payments over a settlement period of five years from the Maturity Date.

    • Refund of Charges: Two times the total premium allocation charges deducted earlier are refunded at specific policy anniversaries.

    • Payment Mode: Choose to pay your premiums Annually, Semi-annually, Quarterly, Monthly, or even single time as per your convenience.

    • Second Income: After the five-year lock-in period, you can opt for smart withdrawal strategies like SWP, CWP, and IWP to create a secondary income stream.

12. Tata AIA Life Insurance Wealth Pro

    Tata AIA Life Insurance Wealth Pro is a ULIP that helps you create wealth over the medium-to-long term through consistent investment in equity markets. It offers a comprehensive solution for wealth creation and financial protection with multiple fund options and riders.

    • Long Coverage: The plan provides a long life insurance cover, protecting your family until you reach 80 years of age.

    • Enhanced Systematic Money Allocation & Regular Transfer Investment Portfolio Strategy: Enjoy the option to switch your investment between different funds under the same policy.

    • Flexible Premium Payments: You have the flexibility to pay your premium as a one-time single payment or for a limited period.

    • Get Tax Benefits: Get Income Tax benefits based on the applicable Income Tax laws

Other TATA AIA Investment Plans

The following ULIP plans are no longer available for new purchases due to discontinuance: 

Tata AIA Life Capital Guarantee Solution

Tata AIA Life Smart Sampoorna Raksha

Tata AIA Life Pro - Fit Solution

Tata AIA Life Insurance InvestOne

Tata AIA Life Insurance Super Achiever

Steps to Buy Tata AIA ULIP Plan from Policybazaar

The key steps you need to follow to purchase Tata AIA ULIP Plan through Policybazaar are as follows:

Step 1: Visit the official Policybazaar website and go to the ‘ULIP Plans’ section.

Step 2: Enter your basic details like name, date of birth, and contact information.

Step 3: Compare available ULIP plans based on premiums, benefits, and fund performance.

Step 4: Select the Tata AIA Life ULIP plan that fits your needs.

Step 5: Enter policy term and coverage details to get a personalised quote.

Step 6: Make your payment securely online via card or net banking.

Step 7: Receive your policy documents by email after payment confirmation.