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 risks such as cancer, accidental disabilities and other illnesses can add an extra layer of financial protection.
A policy like the Tata AIA Health Pro offers multiple benefits such as whole life coverage, a choice of market-linked1 funds to generate and grow your wealth and an option to enhance the protection through addition of riders.
4. Is there an additional cost for adding riders to the Tata AIA Health Pro?
Yes, adding one or more riders4 to your policy will incur a nominal premium charge. However, the inclusion of a rider will offer added coverage to you and secure you against a range of health conditions.
5. Can I add my family members under Tata AIA Health Pro?
Yes, you can add your family members i.e., spouse and children under Tata AIA Health Pro.