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Tata AIA Health SIP

The health cost is rising year on year and having a strong health insurance plan is essential to tackle the rising medical inflation. Introducing Tata AIA Health SIP, a comprehensive health insurance solution designed to safeguard you and your loved ones from life’s unexpected health challenges.

It provides fixed benefit payouts and extensive coverage, ensuring peace of mind and financial protection. From critical illness, cancer and Cardiac condition insurance cover to building a dedicated health fund, this plan gives you lifelong health protection and attractive tax⁴ benefits.

Key Benefits of Tata AIA Health SIP

Accident Total and Permanent Disability (ATPD)

In the event of a total Permanent disability caused by an accident, you will receive a lump-sum benefit payout to cover to cover essential expenses and maintain your quality of life.

Terminal Illness Cover with Term Booster (TTI)

Get an accelerated lump sum payment upon death or diagnosis of a terminal illness², whichever occurs first.

Critical Illness Benefit

Upon diagnosis of a Major Critical illness², get a full payout to support your treatment and recovery.

Cancer Care Benefit

With multistage cancer cover², receive a lump sum payout based on your diagnosis: 25% of the sum assured for minor stage cancer and 100% for major stage cancer.

Cardiac Care Benefit

With multistage Cardiac condition coverage², receive a lump sum payout based on your diagnosis: 25% of the sum assured for minor stage condition and 100% for major stage covered condition.

Financial Protection

Ensure your family’s financial security even when you’re not around. In case of any unfortunate event during the policy term, your nominee gets the applicable benefit as per the chosen plan options.

Smart Lady Benefit

Women policyholders will receive an extra allocation of 0.5% for Limited/Regular pay policies or 0.25% of Single Premium on their first-year premium.

Staff Discount

All employees of TATA and/or AIA group will be eligible for an extra allocation of 0.5% for Limited/Regular pay and 0.25% of Single Premium policies on their first-year premium.

Choice of Whole Life Cover

Get whole life coverage under the policy until 100 years of age.

Health Fund

Use your fund value after 5 years lock-in period to pay for regular medical expenses such as medicine bills, doctor visit fee etc.

Addition of Family Members¹²

You have a flexibility to cover your family members on Shared or individual cover basis. Family members shall include Spouse, Children, Dependent Parent(s), Dependent Parent(s) in law, grandparents(s).

Enhance your cover through Riders

You can attach riders³ as well to increase the policy coverage under the same policy.

Additional Benefits of Tata AIA Health SIP

Zero Premium Allocation Charge¹³: With zero premium allocation charges, your entire investment goes into your chosen fund, maximizing returns from day one.
Wealth Boosters¹¹: Regular addition to fund to boost investment till end of the policy coverage term.
Family Coverage: Option to extend Accidental total permanent disability cover to your family members on shared and individual basis.
Return of Morbidity Charges¹⁰: Receive the Morbidity charges in your fund starting from the 121^st policy month.
Enhanced SMART: Create a structured portfolio with this strategy to enter a volatile equity market and start investing in funds of your choice.

4 Plan Options Tata AIA Health SIP

Wealth Secure

Provides you opportunity to earn market linked returns similar to SIPs without paying premium allocation charges and lets you pay SIP amount as low as ₹1200 every year, with a flexibility for unlimited fund switches as per your need and provides an additional boost, by adding back the total morbidity charges (if any) and wealth booster, to your overall fund value at the end of your investment term.
Future Secure

This plan provides an opportunity to earn market linked¹ return without paying premium allocation charge and lets you start growing your corpus from an early age of 18, and ensures the financial security of your child’s future, at the end of your investment term you get, the morbidity charges (if any) and waiver of premium charges added back to your fund value along with the wealth booster to give an extra boost to your fund. In case of occurrence of covered contingency of the Life assured all the future premiums are waived off and are funded by the Tata AIA, keeping the policy intact until the end of policy term.
Goal Secure

On occurrence of covered Contingency Get Dual benefit of Lumpsum benefit payout and Fund value accumulated till that point.
Family Secure

Provides an opportunity to get market linked¹ returns and provides a feature to receive a monthly income of 1% of Applicable benefit’s Sum Assured for family’s regular expenses along with lumpsum benefit payout of the covered benefit immediately. In addition to that, future premiums are waived off and are funded by Tata AIA to unburden your family with future premium payments to keep policy intact. Upon maturity, the Total Fund Value accumulated over the Policy Term is paid out, providing a substantial financial corpus.

2 Sub-plan options under Tata AIA Health SIP

On top of four plan option above, we also offer the following option that customizes the scope of coverage based on the plan you choose.

Plus

Offers Accidental Total and Permanent disability (ATPD) benefit with choice of optional benefits such as Critical Illness, Cancer Care and Cardiac Care.
Pro

Offers combination of Accidental Total and Permanent disability (ATPD) benefit along with Terminal Illness with Term Booster (TTI) with choice of optional benefits such as Critical Illness, Cancer Care and Cardiac Care.

Eligibility Criteria for Tata AIA Health SIP

	Minimum	Maximum
Entry Age	18 years	65 years
Maturity Age*	ATPD: 23 years TTI benefit: 23 years Cancer Care Benefit: 23 years Critical illness Benefit: 23 years Cardiac Care Benefit: 23 Years	ATPD: 100 years TTI benefit: 100 years Cancer Care Benefit: 85 years Critical illness Benefit: 85 years Cardiac Care Benefit: 85 Years
Policy Term	ATPD and TTI Regular Pay- 5 years Limited Pay - 10 years Cancer Care/ Cardiac Care / Critical Illness benefit Regular Pay- 5 years Limited Pay - 10 years	ATPD and TTI Regular Pay – 82 years Limited Pay – 82 years Cancer Care/ Cardiac Care / Critical Illness benefit Regular Pay- 67 years Limited Pay - 67 years
Premium Payment Term	Single Pay Regular Pay - 5 years Limited Pay – 5 years	Single Pay Regular Pay – 82 years Limited Pay – (Policy Term – 1 year)
Sum Assured	For Single Pay For age up to 49 – 1.25 times the Annualized Premium For age 50 & above – 1.1 times the Annualized Premium For Limited Pay/Regular Pay For age up to 49 - 7 times the Annualized Premium For age 50 & above – 5 times the Annualized Premium	As per Board Approved Underwriting Policy

Above table is applicable for all plan options and represents eligibility criteria for individual benefits offered under the plan.

*Age is as on last birthday | ATPD - Accidental Total and Permanent Disability | TTI - Terminal Illness with Term Booster

Why Choose Tata AIA Life?

85 Lakh+

Families protected so far⁵

Top-Rated Funds

Our funds have been rated 4 or 5 stars⁶ by Morningstar⁷

500+ Branches

Presence across major cities in India

1 Lakh Crore+

Assets Under Management (AUM)⁸

Brochure

Policy Document

Annexure

Customer Information Sheet

1. How does a ULIP policy help in wealth creation?
Under a ULIP, you can choose from different fund options, and a portion of your premiums will purchase units of the funds. With this investment, you can earn market-linked1 returns on your funds and, over the policy term, continue growing your wealth. When the policy matures and if you survive the policy term, the maturity benefit will be the total fund value of your investment.

2.Can I switch from one fund to another for better investment opportunities?
Yes, Tata AIA Life enables fund switches on your fund options so that you can review and switch your funds to keep up with your investment goals.

3.Why does one need health coverage?
A health cover that secures you against different health and accidental risks such as cancer, critical illness and accidental disabilities can add an extra layer of financial protection.

A policy like the Tata AIA Health SIP offers multiple benefits such as whole life coverage, a choice of market-linked1 funds to generate wealth and an option to enhance the protection through addition of riders.

4.Can I add my family members under Tata AIA Health SIP?
Yes, you can add your family members i.e., spouse, parents and children for availing the Base ATPD benefit under Tata AIA Health SIP.

5.Does the policy include any additional benefits?
Yes, the policy comes with an inbuilt waiver of premium9 and income benefit options, offering added financial security.

6.What are the documents required for a claim settlement?
Please click here to know the list of documents needed for the claim intimation and settlement process.

7.How can I file a claim under this plan?
To file a claim with us, choose any of the below channels to reach out to us:
● Email us at: customercare@tataaia.com
● Call our helpline number - 1860-266-9966 (local charges apply)
● Walk into any of the Tata AIA Life Insurance Company branch offices.
● Write directly to us at:
The Claims Department,
Tata AIA Life Insurance Company Limited
B- Wing, 9th Floor,
I-Think Techno Campus,
Behind TCS, Pokhran Road No.2,
Close to Eastern Express Highway,
Thane (West) 400 607.
IRDA Regn. No. 110

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 Health SIP (UIN:110L184V01) - Non-participating, Unit Linked, Individual Health Insurance Plan
¹Market-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.
²Certain benefits like Critical Illness, Cancer Care, Cardiac Care and Terminal illness with Term Booster are inbuilt in this plan and can be opted at inception if you have purchased this Plan.
³Riders 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.
⁴Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment 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.
⁵89,43,554 families protected till May 31, 2025
⁶All 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
⁷©2024 Morningstar. All rights reserved. The Morningstar name is a registered trademark of Morningstar, Inc. in India and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited (“Morningstar”); (2) may not be copied, redistributed or used, by any means, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from data published on various dates and procured from various sources and (5) shall not be construed as an offer to buy or sell any security or other investment vehicle. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates or agents shall be responsible or liable for any trading decisions, damages or other losses resulting directly or indirectly from the information.
⁸As on 31st May 2025, the company has a total Assets Under Management (AUM) of Rs 130,053 Crores
⁹Waiver of premium benefit is available under Future Secure and Family Secure option. Income benefit is applicable under Family Secure. Waiver of premium will be applicable on covered contingency only.
¹⁰Return of Morbidity charges are only applicable for Critical illness, Cancer Care and Cardiac Care benefit.
¹¹Wealth Boosters will be credited only if Policy is in-force and all due premiums have been paid. Additions starting with 1.50% in the form of fund addition in units increases by 0.25%, every 5 years till policy year 20 and every 10 years thereafter, of units in each of the funds under Regular Premium Account will be credited (post deduction of applicable charges) to the respective funds at Policy Anniversary starting from tenth(10th) Policy Anniversary till end of Policy Term. For More details, please refer to product brochure.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.
¹²Each family member addition will attract additional cost, which would be deducted by way of cancellation of units from the fund value based on chosen ATPD benefit sum assured of covered members.
¹³Zero Allocation charges are applicable only for digital/online sale. For more information please refer to product brochure.
For more details on benefits, premiums, and exclusions under the inbuilt benefits, please contact Tata AIA Life's Insurance Advisor/Intermediary/ branch. Health insurance cover is available under the plan. For details on products, associated 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.
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 Health SIP is only the name of the Unit Linked health 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.
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).
All investments made by the Company 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.
L&C/Advt/2025/Aug/3050