Tata AIA Premier SIP is a combination of the Tata AIA Smart SIP, a non-participating, unit-linked, individual life insurance savings plan (UIN: 110L174V02), and TATA AIA Health Buddy, NonParticipating, Non-Linked Individual Health product (UIN: 110N183V01). IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER.
THE LINKED INSURANCE PRODUCT DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT THE POLICY HOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONEY INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR
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Tata AIA Premier Systematic Insurance Plan is a Zero charge ULIP (Zero Premium Allocation and Policy Administration Charge) that shall help grow your savings through market linked~ funds and shall provide your family financial protection at the same time.
Key benefits of investing in Tata AIA Premier SIP are:
- Zero premium allocation & policy administration charges.
- Extra allocation for women with first year premium
- Wealth boosters
- Return of mortality charges.
- Unlimited free fund switching.
- Flexibility to choose premium payment mode & frequency.
- Flexibility to compare multiple funds before buying.
- To buy this plan online, follow 4 simple steps – Know the funds, Add, Fill & Pay.
- Please click here to know the list of documents needed for the claim intimation and settlement process.
- The Minimum amount you can invest under this plan is ₹ 12,000/ P.A.
- The Maximum amount you can invest under this plan is ₹ 2.5lacs/ P.A.
- You have an option of choosing from any or All applicable funds or such funds which are available at the time of allocation, based on your preferred asset allocation. You can click here to download the Fund fact sheet to know more about the funds.
- No, you cannot buy this for your child.
- The minimum age for this plan is 18 years.
- The payment options that are available with us are Single, Annual, Semi-Annual, Quarterly, & Monthly.
- There are no hidden charges in this plan. Tata AIA Premier SIP is a Zero charge plan (Zero premium allocation and Policy administration charge). The Mortality charges in the plan are returned to the customer over the years and FMC shall be applicable basis fund value.
- You have an option of choosing from any or All applicable funds or such funds which are available at the time of allocation, based on your preferred asset allocation. You can click here to download the Fund fact sheet to know more about the funds.
TATA AIA Premier SIP offers 2 types of tax-benefits to our customers-
- Tax Deduction of premiums paid u/s 80C of Income Tax Act, 1961.
- Tax benefit* on maturity or death proceeds subject to Section 10(10D) of Income Tax Act 1961.
- We will highly recommend staying invested in the plan for the entire policy term to avail the maximum benefits. However, if for some immediate needs you wish to withdraw the money, you can choose partial withdrawal or surrender the policy. Partial withdrawal is only applicable post the lock-in period of 5 years.
- If you surrender the policy within the lock-in period, the fund value at the time of surrender shall be moved to discontinuance policy fund and the proceeds of the discontinuance fund will be paid to you post the lock-in/ revival period and the policy will terminate.
- If you surrender the policy post the lock-in period, the fund value at the time of surrender shall be paid to you and the policy will terminate.
- The professional Fund Managers associated with the TATA AIA Life Insurance Company manage policyholders investment on their behalf. This means fund managers make investment decisions based on fund selection.
- Yes, you can use the partial withdrawal facility to withdraw money basis your requirement post the lock-in period. Please refer the brochure and policy document for more details click here.
- Yes, you can get to know the current information pertaining to this fund via customer portal, where ULIP statement can be downloaded to check the current fund value. You can also get this information by calling on our inbound number 08069542333
If you are a female life assured, you will be eligible for extra allocation of units under the Smart Lady benefit with the first-year premium.
Also, on staying invested in the policy for the entire term you shall be eligible for certain fund additions:
1) Refund of Mortality charges from 121st month
2) Wealth boosters every 5th year starting from the end of 10th policy year
Please refer to brochure and policy documents for more details.
- For Female lives, 0.50% of the Annualised Premium or 0.25% of Single Premium shall be added to the Fund Value at the time of allocation of ¬first year’s or Single premium respectively.
- You can view the past year's fund performance on Tata AIA's website itself. A fund fact sheet is published each month displYou can view the past year's fund performance on Tata AIA's website itself. A fund fact sheet is published each month displaying the fund performancesaying the fund performances. Please click here to check the performance.
- Yes.
To calculate the returns from a ULIP, you need to know the current Net Asset Value (NAV) of the ULIP plan along with its initial NAV (value at the time of purchase).
Once you have these figures, follow the steps given below:
a. Subtract the initial NAV from the Current NAV
b. Divide this result by the initial NAV.
c. Multiply the outcome by 100 to get the absolute return percentage.
Here’ the formula you can use to calculate the absolute return of a ULIP.
(Current NAV of the ULIP – Initial NAV of the ULIP)/Initial NAV of the ULIP x 100
For example, consider a scenario where you bought a ULIP with an initial NAV of Rs. 70. After a year, its NAV grew to Rs. 120. So, your absolute return would be:
(120 – 70)/70 x 100 = 71.43%
In case of your death during the policy term and while the policy is in force, the nominee shall get, Highest of,
1. the Basic Sum Assured, or
2. the Regular/Single Premium Fund Value of this Policy or
3. 105 percent of the total Regular/Single Premiums received up to the date of death In addition to this: Highest of
a. the approved top-up sum assured(s) or
b. top-up Premium fund value of this policy or
c. 105 percent of the total top-up premium paid up to the date of death is also payable provided there is a top-up premium fund value. The policy shall terminate on the death of Life Insured.
- No, under one plan; payment frequency, premium option and policy term will be same for all the funds & if you want to have different payment frequency, premium option or policy term for different funds then you will have to buy different policy.
- 3-4 working days.
- NO
- yes, it should have a gap of 6 months between them.
- It can be calculated by using the formula, Fund Value = Total Number of units under a policy x Net Asset Value. For example, if you have 1000 units of a fund for which the NAV is ₹ 100/-, the fund value will be ₹ 1,00,000/-.
- Investments made are dependent on the market conditions.
- Policy term = 10, 20, 30, 40 Years Premium Paying Term = 1, 5, 10, 15 Years.
- Lock in period is 5 years & the investments & maturity amount is tax free basis the lock in period.
- Health Buddy benefits are additional protection features included within Premier SIP that provide financial support in case of unforeseen events such as accidents or disabilities, helping safeguard you and your family
- Yes, these additional protection features are built into Premier SIP, helping provide a more comprehensive solution that combines investment creation with financial protection.
- These benefits provide financial assistance if an unexpected life event affects your family, ensuring that your family’s financial needs and long-term goals remain protected.
- ATPD (Accidental Total and Permanent Disability) - The insured amount under this benefit option will be payable in the event of total and permanent disability of a life insured due to an accident within the benefit option term, Provided the death occurs within 180 days from the accident
(Taken from brochure)
- ADB (Accidental death benefit) - The insured amount under this benefit option will be payable in the event of death of a life insured due to an accident within the benefit option term, Provided the death occurs within 180 days from the accident
(Taken from brochure)
- TTB (Terminal Illness with Term Booster) - This benefit offers immediate financial support when it's needed most. In the event of a Terminal Illness diagnosis or death (whichever occurs first), a lump sum equal to the Insured Amount is paid out, based on the chosen payout option
(Taken from brochure)
- No, these benefits are designed to complement your investment journey. Theyprovide financial support during difficult situations while allowing your investmentplan to continue working toward your long-term goals
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Disclaimer
IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER
THE LINKED INSURANCE PRODUCT DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICY HOLDER WILL NOT BE ABLE TO SURRENDER/WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR
Tata AIA Premier SIP is a combination of the Tata AIA Smart SIP, a non-participating, unit-linked, individual life insurance savings plan (UIN: 110L174V02), and TATA AIA Health Buddy, NonParticipating, Non-Linked Individual Health product (UIN: 110N183V01).
Disclaimer Section
The linked insurance product do not offer any liquidity during the first five years of the contract. The policy holder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year.
- Tata AIA Premier SIP is a combination of the Tata AIA Smart SIP, a non-participating, unitlinked, individual life insurance savings plan (UIN: 110L174V01), and Tata AIA Health Buddy, Non-Participating, Non-Linked Individual Health product (UIN: 110N183V01). Both Tata AIA Smart SIP and Tata AIA Health Buddy are also available for sale individually.
- This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer the detailed sales brochure of respective individual products mentioned herein before concluding sale.
- Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
- Individual Death Claim Settlement Ratio is 99.41% for FY 2024-25.
- Waiver of premium is available only in Future Secure option under Tata AIA Smart SIP.
- ULIP policies issued on or after 1st February 2021 if the amount of aggregate annual premium payable in the financial year for all such policies does not exceeds INR 2,50,000/-. Subject to fulfillment of conditions mentioned in 10(10D).
- Assuming customer falls under highest tax slab.
- Tata AIA Life Insurance Waiver of Premium (Linked) Rider - Linked, Individual, Health Insurance Rider (UIN: 110A026V03 or any later version), Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider - Linked, Individual, Health Insurance Rider (UIN: 110A025V03 or any later version), Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider - Linked, Individual, Health Insurance Rider (UIN: 110A027V03 or any later version) are available under this plan.
- Projected returns shown in Know your calculator is indicative in nature. Actual returns may differ.
- All funds open for new business which have completed 5 years since inception are rated 4 star or 5 star by Morningstar as of December 2024.
- Any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy, will be exempt if Life insurance policy issued on or after the 1st day of April, 2012 in respect of which the premium payable for any of the years during the term of the policy does not exceeds ten per cent of the actual capital sum assured (20 % in case of policy issued before 01st April 2012).
- Market-linked returns are subject to market risks and terms & conditions of the product. The assumed rate of returns or illustrated amount may not be guaranteed and depends on market fluctuations
- Riders are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/Intermediary/ branch.
- Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policy holder will not be able to surrender/ withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.
- Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Life Insurance Smart SIP is only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
- The fund is managed by Tata AIA Life Insurance Company Ltd.
- For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale. The precise terms and condition of this plan are specified in the Policy Contract.
- Investments are subject to market risks. The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market.
- Please make your own independent decision after consulting your financial or other professional advisor.
- Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Please know the associated risks and the applicable charges, from your Insurance Agent or Intermediary or Policy Document issued by the Insurance Company.
- Various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. The underlying Fund's NAV will be affected by interest rates and the performance of the underlying stocks.
- The performance of the managed portfolios and funds is not guaranteed, and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.
- Premium paid in the Unit Linked Life Insurance Policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the Insured is responsible for his/her decisions.
- Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document issued by the Insurance Company.
- Insurance cover is available under the product.
- The products are underwritten by Tata AIA Life Insurance Company Ltd.
- The plans are not a guaranteed issuance plan, and it will be subject to Company's underwriting and acceptance.
- For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
- The fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the "Company").
- Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal to) a year, with reinvestment of dividends (if any).
- The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market.
- All Premiums, Charges, and interest payable under the policy are exclusive of applicable taxes, duties, surcharge, cesses, or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium, charges or interest. Tata AIA Life shall have the right to claim, deduct, adjust, and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy.
- 0% GST is applicable on Individual Life Insurance policies, effective from September 22, 2025.
- No Goods and Service Tax shall be applicable on Individual life insurance products as per prevailing laws. Tax laws are subject to amendments from time to time. If any imposition (tax or otherwise) is levied by any statutory or administrative body under the Policy, Tata AIA Life Insurance Company Limited reserves the right to claim the same from the Policyholder.
- Benchmark Fund: NSE 500 Index | Data as of ??? | Source: NSE India
- Tata AIA Large Mid Cap Innovation Fund is part of a various funds which a policyholder can choose from. For further details on funds refer the sales brochure. Tata AIA Large Mid Cap Innovation Fund (SFIN: ULIF 099 31/03/26 LMI 110). Asset Allocation: Equity & Equity related instruments: 60%-100% , Cash / Money Market Instruments, Bank Deposits and Mutual Funds: 0%-40%
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS - IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.
The performance of the managed portfolios and funds is not guaranteed and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds. Tata AIA Life Insurance Company Limited (IRDAI Regn. No.110 • CIN: U66010MH2000PLC128403). Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013. Trade logo displayed above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Company Ltd under a license. For any information including cancellation, claims and complaints, please contact our Insurance Advisor / Intermediary or visit Tata AIA Life’s nearest branch office or call 1-860-266- 9966 (local charges apply) or write to us at customercare@tataaia.com. Visit us at: www.tataaia.com
As per latest regulatory guidelines your policy document will be credited to eIA on issuance. The account will be created with NSDL.
L&C/Advt/2025/Oct/3752
