यूलिप शुल्क क्या हैं?

यूलिप पॉलिसियों में शुल्क वह लागत है जो यूलिप पॉलिसी में निवेश की गई कुल राशि से काटा जाता है. इनमें फंड मैनेज शुल्क, प्रीमियम आवंटन लागत, प्रशासन शुल्क और मृत्यु दर शुल्क शामिल हैं.

मैं यूलिप प्लान कैसे चुनूं?

आप अपने जोखिम उठाने की क्षमता, निवेश लक्ष्यों और निवेश क्षितिज के आधार पर एक यूलिप प्लान चुन सकते हैं. हालांकि, आपको मिलने वाले रिटर्न को समझने के लिए यूलिप कैलकुलेटर की मदद से यूलिप पॉलिसी में शुल्क को कैलकुलेट करना भी सुनिश्चित करें.

क्या कम जोखिम वाले निवेशक यूलिप चुन सकते हैं?

हां, कम जोखिम वाले निवेशकों के लिए भी यूलिप उपलब्ध हैं. आप अपने पोर्टफोलियो में जो फ़ंड शामिल करना चाहते हैं और जोखिम उठाने की क्षमता के आधार पर उनके लिए फ़ंड का आवंटन चुन सकते हैं.

क्या यूलिप में लाइफ इंश्योरेंस कवर है?

हां, यूलिप आपके परिवार को लाइफ इंश्योरेंस कवर प्रदान करते हैं. पॉलिसी अवधि के दौरान आपके असामयिक निधन के मामले में, आपके नॉमिनी को या तो बीमित राशि (सम एश्योर्ड) या डेथ बेनिफिट के रूप में फंड मूल्य, जो भी अधिक हो, प्राप्त होगा.

यूलिप पॉलिसी कितने सदस्यों को कवर कर सकती है?

आपके द्वारा चुने गए कवरेज के आधार पर, आप अपने परिवार के सभी सदस्यों को एक ही यूलिप पॉलिसी के तहत कवर कर सकते हैं. अपने लक्ष्यों और वित्तीय जिम्मेदारियों के साथ उनकी वित्तीय जरूरतों और दायित्वों पर विचार करें ताकि डेथ बेनिफिट आपकी अनुपस्थिति में उनकी जरूरतों को कवर करने के लिए पर्याप्त हो.

क्या मैं पूरी राशि निवेश और लाइफ कवर से बाहर निवेश कर सकता/सकती हूं?

नहीं, हालांकि यूलिप में लाइफ़ कवर से बचना संभव नहीं है, आप चुन सकते हैं कि आपको कितने लाइफ़ कवर की ज़रूरत है और आप यूलिप फंड में कितना निवेश करना चाहते हैं. याद रखें कि लाइफ़ कवर यूलिप का एक महत्वपूर्ण हिस्सा है.

क्या मुझे यूलिप में फ़ंड के विकल्प चुनने का मौका मिलता है?

टाटा एआईए यूलिप प्लान की मदद से आप पॉलिसी में फंड विकल्प चुन सकते हैं, ताकि आप अपने फाइनेंशियल प्लान के हिसाब से अपने निवेश के लक्ष्यों की योजना बना सकें और अपनी पसंद के फंड में ही निवेश कर सकें.

क्या मैं यूलिप प्लान ऑनलाइन खरीद सकता/सकती हूं?

जी हां, आप टाटा एआईए लाइफ इंश्योरेंस की आधिकारिक वेबसाइट पर ऑनलाइन यूलिप प्लान खरीद सकते हैं. और प्लान खरीदने से पहले यूलिप चार्ज और प्लान से मिलने वाले रिटर्न के बारे में जानने के लिए आप यूनिट-लिंक्ड इंश्योरेंस प्लान कैलकुलेटर का भी इस्तेमाल कर सकते हैं.

यूलिप में प्रीमियम कैसे विभाजित किए जाते हैं?

यूलिप पॉलिसी के लिए भुगतान किए गए प्रीमियम को लाइफ कवर के साथ-साथ पॉलिसी की निवेश राशि में विभाजित किया जाता है.

क्या मुझे यूलिप राइडर्स # के लिए अतिरिक्त प्रीमियम का भुगतान करना होगा?

नहीं, अन्य लाइफ़ इंश्योरेंस प्लान के राइडर के विपरीत, आपको यूलिप राइडर के लिए प्रीमियम का भुगतान करने की ज़रूरत नहीं है. एक बार जब आप यूलिप में राइडर जोड़ते हैं, तो यूलिप फंड की यूनिट हर महीने कट जाती हैं ताकि राइडर प्रभाव में रहे.

यूलिप प्लान के तहत प्रीमियम भुगतान मोड क्या हैं?

आप मासिक, त्रैमासिक, अर्ध-वार्षिक, वार्षिक या एकल प्रीमियम भुगतान मोड में अपने यूलिप प्रीमियम का भुगतान कर सकते हैं.

क्या यूलिप में प्रीमियम लाभ की छूट है?

हाँ, अगर आपके पास टाटा एआईए लाइफ़ इंश्योरेंस यूलिप है, तो आप निर्दिष्ट परिस्थितियों में प्रीमियम की छूट का लाभ उठाने के लिए प्लान में टाटा एआईए लाइफ इंश्योरेंस वेवर ऑफ़ प्रीमियम प्लस (लिंक्ड) राइडर (UIN: 110B029V02) या टाटा एआईए लाइफ़ इंश्योरेंस वेवर ऑफ़ प्रीमियम (लिंक्ड) राइडर (UIN: 110A026V02) जोड़ सकते हैं.

जब मैं अपने प्रीमियम का भुगतान करना बंद कर दूं तो क्या मेरी यूलिप पॉलिसी जारी रहेगी?

नहीं, यदि आप अपने प्रीमियम भुगतान को रोक देते हैं, तो आप न केवल अपनी संपत्ति जमा करने और बढ़ने में असमर्थ होंगे, बल्कि यूलिप प्लान के तहत लाइफ कवर के साथ अपने परिवार की सुरक्षा भी नहीं कर पाएंगे.

क्लेम फाइल करने के लिए कौन से डॉक्यूमेंट की जरूरत होती है?

क्लेम की जानकारी और निपटारे की प्रक्रिया के लिए ज़रूरी दस्तावेज़ों की सूची जानने के लिए कृपया यहां क्लिक करें.

यूलिप प्लान के तहत आप कौन से क्लेम फाइल कर सकते हैं?

आपका नॉमिनी यूलिप के तहत क्लेम फाइल कर सकता है. डेथ बेनिफिट का भुगतान या तो बीमित राशि (सम एश्योर्ड) या फंड वैल्यू के रूप में किया जाता है, जो भी अधिक हो.

मैं अपने यूलिप पर क्लेम कैसे फाइल करूं?

आप हमसे संपर्क करके यूलिप पर क्लेम फाइल कर सकते हैं: हमें एक ईमेल भेजें: Customercare@tataaia.com हमारा हेल्पलाइन नंबर पर कॉल करें - 1860-266-9966 (स्थानीय प्रभार लागू) किसी भी टाटा एआईए लाइफ इंश्योरेंस कंपनी के ब्रांच ऑफिस में जाएँ हमें लिखें: क्लेम डिपार्टमेंट , टाटा एआईए लाइफ इंश्योरेंस कंपनी लिमिटेड बी- विंग, 9वीं मंजिल, आई-थिंक टेक्नो कैंपस, टीसीएस के पीछे, पोखरण रोड नंबर 2, ईस्टर्न एक्सप्रेस हाईवे के करीब, ठाणे (वेस्ट ) 400 607. आईआरडीए रेजिस्ट्रशन नंबर 110

यदि नॉमिनी भारत में नहीं है तो सेविंग प्लान के क्लेम को कैसे प्रोसेस किया जा सकता है?

यदि नॉमिनी क्लेम फाइल करना चाहता है, लेकिन भारत से बाहर है, तो वे या तो संबंधित दस्तावेजों की अटेस्टेड कॉपी ऑनलाइन अपलोड कर सकते हैं या उन्हें हमें ईमेल कर सकते हैं. यदि वे क्लेम ऑफलाइन फाइल करना चाहते हैं तो वे भारत में अपने प्रतिनिधि को दस्तावेज भेज सकते हैं जो हमारे किसी भी ऑफिस में जा सकते हैं और अपनी ओर से क्लेम फाइल कर सकते हैं.

मेरे क्लेम कितने दिनों में सेटल होगा?

नियामक टेट (टर्न-अराउंड टाइम) के अनुसार किसी दावे को प्रभावी ढंग से निपटाने में करीब 30 दिन का समय लगेगा. लेकिन अगर दावे की जांच की जरूरत पड़ी तो नियामक टेट के मुताबिक इस प्रक्रिया में 90 दिन तक का समय लगेगा.

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ULIP - Unit Linked Insurance Plan

Name: वेल्थ सलूशन प्लान - Tata AIA Life Insurance
Brand: Tata AIA Life Insurance
Rating: 5 (20 reviews)

A ULIP policy is a type of life insurance plan that offers dual benefits, life cover and the option to invest in the financial market for wealth creation.... Secure your family while creating wealth for your financial future with Tata AIA Life Insurance Wealth Solutions with 28.66% returns*

Investment Calculator

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हाँ

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Only certified Tata AIA experts will call you

Written by

Vishal Kapoor

Insurance Expert

Vishal Kapoor

Vishal Kapoor, AVP - Brand & Product Marketing at Tata AIA, has over 17 years of experience in the BFSI sector. He is responsible for driving brand strategy, product & channel marketing campaigns.

Reviewed by

Girish J Kalra

Chief Marketing Officer

Girish J Kalra

Girish J Kalra, Chief Marketing Officer at Tata AIA, leading the organizations marketing & corporate communication initiatives..

ULIP – Life Insurance + Investment

In ULIP Policy, The Investment Risk in Investment Portfolio Is Borne by The Policyholder

Param Raksha Life Pro+

Key Benefits:

All funds rated 4 or 5 stars¹ by Morningstar²
Multi Cap fund delivered 28.66% Returns (Benchmark: 17.41%)^*
Get Terminal illness cover with Term Booster³

Calculate Premium Know More

Tata AIA

Smart SIP

Key Benefits:

All funds rated 4 or 5 stars¹ by Morningstar²
Zero premium allocation charges
Enhanced coverage with waiver of premium benefit⁵

Calculate Premium Know More

Non-Participating, Unit Linked Individual Life Insurance Savings Plan (UIN:110L174V01)

Tata AIA has delivered benchmark beating performance across funds

Why Invest in ULIP Policy?

Get Dual Benefits

ULIP plans offer market-linked returns⁸ along with the benefit of life cover.

Avoid the Hassle of Managing Funds

Once you pay your premiums, you can stop worrying about your investment, as our expert fund managers will manage the funds on your behalf.

Multiple Fund Options

With ULIP Plans, you can choose from multiple fund options and switch between the funds to ensure that your investment continues growing in the market.

Benefit from Withdrawal Options

Once the lock-in period is through, you can make partial withdrawals on your ULIP policy and fulfil any financial commitments as needed..

Save tax up to Rs 46,800⁶

The premiums paid for ULIP plans are eligible for Section 80C tax deduction, and the payouts qualify for Section 10(10D) tax exemption, subject to the applicable tax⁷ laws.

Flexibility

ULIP Plans offer adequate flexibility to the policyholder, be it the fund options, fund allocation and policy tenure.

TATA AIA
Smart SIP

Tata AIA
Smart Fortune Plus

Tata AIA
Shubh Muhurat

Tata AIA
Shubh Fortune

Tata AIA
Smart Sampoorna Raksha Supreme

Tata AIA Life Insurance
Wealth Pro

Tata AIA Life Insurance
Fortune Pro

Tata AIA Life Insurance
Fortune Maxima

Tata AIA Life Insurance
Wealth Maxima

Tata AIA
i Systematic Insurance Plan

Tata AIA
Smart Sampoorna Raksha Pro

Tata AIA
Smart Sampoorna Raksha Plus

Tata AIA Life Insurance
Smart Sampoorna Raksha Flexi

Key Features of ULIP Plans

Investment and Life Insurance Under One Plan

ULIP Plans are known for the dual advantage of investment and insurance they offer under a single policy. The life insurance cover will secure your family in your absence, and the investment option will help you create wealth for your future financial goals.

Fund Options Based on Risk Profile

With a ULIP policy, you can choose between equity, hybrid, and debt fund options based on your high-risk, medium-risk, or low-risk profile. For example, young earners can choose a high-risk equity fund, and a person nearing retirement can choose a low-risk conservative debt fund.

Switch Between Fund Options

You can keep track of the performance of the ULIP funds based on the market movement and switch between them to enhance the potential gains.

ULIP plan Lock in Period

ULIP investment Plans have a mandatory lock-in period of 5 years After the lock-in period, you can make partial withdrawals on your ULIP policy to meet any immediate financial needs.

ULIP Calculator – Check Premium in just 2 Steps

Full name (First and last)

Date of birth

Are you an NRI?

Yes

Gender

Male

Female

Do you smoke?

Yes

Mobile number

+91

Email ID

Param Raksha Life Pro +

Full name (First and last)

Date of birth

Are you an NRI?

Yes

Gender

Male

Female

Do you smoke?

Yes

Mobile number

+91

Email ID

Param Raksha Life Pro +

In this policy, the investment risk in investment portfolio is borne by the policyholder.

This advertisement is designed for combination of benefits of following individual and separate products named (1) Tata AIA Smart Sampoorna Raksha Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V01) and (2) Tata AIA Vitality Protect Advance A Non-Linked, Non- Participating Individual Health Product (UIN: 110N178V01). These products are also available for sale individually without the combination offered/ suggested. 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.

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.

Param Raksha Life Pro +

Full name (First and last)

Date of birth

Are you an NRI?

Yes

Gender

Male

Female

Do you smoke?

Yes

Mobile number

+91

Email ID

Tata AIA Fortune Guarantee Supreme

Full name (First and last)

Date of birth

Are you an NRI?

Yes

Gender

Male

Female

Do you smoke?

Yes

Mobile number

+91

Email ID

Tata AIA Fortune Pro

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 Fortune Pro

Full name (First and last)

Date of birth

Are you an NRI?

Yes

Gender

Male

Female

Do you smoke?

Yes

Mobile number

+91

Email ID

Tata AIA Fortune Guarantee Pension

Full name (First and last)

Date of birth

Are you an NRI?

Yes

Gender

Male

Female

Do you smoke?

Yes

Mobile number

+91

Email ID

Tata AIA Pro-Fit

In this policy, the investment risk in investment portfolio is borne by the policyholder.

Tata AIA Pro-Fit comprises of Tata AIA Health Pro, A Non-Participating, Unit-linked, Individual Health Insurance Plan (UIN: 110L180V01), Tata AIA Health Secure, A Non- Participating, Unit Linked, Individual Health rider (UIN: 110A050V01) & Tata AIA VitaHealth, A Non-Participating, Non-Linked Individual Health Product (UIN: 110N181V01). Tata AIA Health Pro and VitaHealth are also available for sale individually.

Tata AIA Pro-Fit

Benefits of ULIP Plan

01
Get Market-Linked Returns

ULIP Plans offer market-linked returns⁸, and you can choose from the available funds to grow your wealth.
02
Get Death or Maturity Benefits

In case of the policyholder’s death, the nominees can receive either the sum assured or the fund value, whichever is higher. On the other hand, if the policyholder survives the policy period, he will be entitled to receive the fund value as the maturity benefit.
03
Benefit from Long-term Investments

ULIPs are market investment instruments with a mandatory lock-in of 5 years, which makes them ideal for achieving long-term financial goals.
04
Opt for Partial Withdrawals

After the mandatory lock-in period of 5 years, ULIPs allow partial withdrawals, which can be helpful to fund an emergency.
05
Include Add-on Riders

ULIP insurance plans also offer optional riders⁹ that can enhance coverage, such as the critical illness benefit, accidental death benefit, etc. For example, the rider⁹ for the critical illness benefit provides an additional financial benefit to pay for the policyholder's medical expenses if diagnosed with a critical illness during the policy period.
06
Benefit From Tax Deduction and Exemption

ULIP premiums and payouts are eligible for tax⁷ deductions under Section 80C and exemptions under Section 10(10D), subject to the applicable tax laws.

A ULIP calculator is an online tool that helps you know the maturity amount or the ULIP returns that you can receive from your Unit-Linked Insurance Plan and determine the applicable premium. Once you provide a few details about your investment and other requirements based on the ULIP features, you can determine the premium and the expected returns.

With the help of the ULIP calculator, you can make a reasonable comparison and analysis instead of simply going by the ULIP charges, which is only one factor for selecting a ULIP

How Does A ULIP Work?

One portion of the ULIP Premium is utilised to provide life coverage, and the other portion is utilised to invest in equity, hybrid, or debt funds based on your risk appetite.

In the event of your unexpected demise, your nominee will receive the death benefit or the ULIP fund value, whichever is higher. And if you survive the policy period, you will get the fund value as the maturity benefit. While you decide on the fund option based on your risk profile, you can revise your decision and switch to a different fund option, considering the fluctuating market conditions to grow with the changing market leaders.

Types Of ULIP Plans

Based on Fund Options:

Types of Funds Options	Details
Equity-Based ULIP Funds	In Equity ULIP funds, the premium is utilised to purchase equities of multiple companies. These funds are quite closely connected to the market movement and, therefore, carry higher risks. However, as risk is proportional to returns in the financial market, high-risk equity funds can yield higher returns over the long term.
Hybrid or Balanced Funds	Hybrid funds or balanced funds are a combination of equity funds and fixed-interest instruments and are suitable for medium-risk investors. Such funds provide adequate exposure to the market, and the debt investments balance the risk in equity.
Debt-Based ULIP Funds	Debt funds offer investments in debt instruments such as corporate bonds and government securities. They are low to moderate-risk investments and are considered safe for conservative investors. However, the returns are lower compared to Equity or Balanced fund options.
Cash Funds	Also known as money market funds, these funds are considered to be low-risk investments since they invest in bank deposits, cash, and money market instruments

Based On Purpose:

Purpose Driven ULIP Solutions	Details
ULIP Plans for Wealth Creation	A ULIP can be used to create and grow wealth through market-linked investments over the long term to meet financial goals and significant expenses that regular savings cannot fulfil.
ULIP Plans for Children’s Education	The returns from a ULIP can be used to fund your child’s education if you align the investment horizon and the goals. You can also make partial withdrawals from the ULIP after the 5-year lock-in period to make tuition fee payments, plan higher education, etc.
ULIP Plans for Health Benefits	ULIP returns can be used as a future emergency fund in case of medical emergencies. Moreover, you can also add an optional health rider9 to your ULIP so that you can be protected against the costs arising from a health emergency.
ULIP Plans for Retirement	You can make long-term investments in ULIPs, and the returns received can be used to help you lead a comfortable life during your retirement years and handle financial emergencies when you have no steady source of income.

ULIP Charges

As ULIP Plans offer life insurance and extended investment benefits, there are a few charges associated with managing the policy that you need to know.

Premium Allocation Charge

A percentage of the premium paid on the policy that is charged on the allocation of the premium allocation in different funds under the Unit-Linked Insurance Plan is known as the premium allocation charge.

Fund Management Charges

This charge is a percentage of the value of all the assets and is calculated, mostly on a daily basis, by adjusting the Net Asset Value of the fund. This charge is levied at an annual rate and is divided by 365 and then multiplied by the number of days that have passed since the last unit valuation date.

Policy Administration Charges

This charge is a percentage of the Single / Annualised premium and is calculated monthly at each anniversary by deducting the units starting from the date of the policy inception.

Mortality Charges

These are the charges levied for offering the life insurance risk cover to the policyholder during the policy tenure. These charges are guaranteed for the whole policy term and are levied on the age of the policyholder and the risk.

Surrender / Discontinuance Charges

If you choose to surrender your policy, then a charge will be levied on the fund value when the policy is discontinued or when the funds are withdrawn, whichever comes first.

Switch Charges

To ensure that you can manage and customise your own investments, some Tata AIA Life Insurance plans offer unlimited switches for each policy year, which is free of cost.

Premium Redirection Charges

Some ULIPs allow a maximum of 6 premium redirections or future premium allocations for each policy year, which are all free of charge. Premium redirections after this will attract a fee. Tata AIA Unit Linked Products like Fortune Pro, Fortune Maxima, Wealth Pro, Wealth Maxima, etc., do not have any premium redirection charge.

Partial Withdrawal

After the mandatory lock-in period of 5 years, you can make partial withdrawals from your ULIP each policy year. The number of free partial withdrawals allowed may vary from product to product.

Which Type of Investors Should Consider ULIPs?

How To Choose between Best ULIP Plans?

Analysis of Personal Investment Goals

Since each investor has different goals, first, be sure to analyse your personal goals and the time needed to achieve them, and then look for a ULIP investment plan that will help you fulfil these goals within the given investment horizon.

Decide Insurance Objectives

ULIPs also offer the benefit of a life insurance cover that can be adjusted to meet your needs. If you have more financial liabilities and commitments, the insurance protection should also be more significant so that your family can be protected.

Evaluate Risk Profile

Not every investor’s risk profile and risk appetite are the same. Therefore, when choosing a fund, risk-averse investors choose plans with low-risk funds, while aggressive investors opt for plans with high-risk funds.

Compare Between Best ULIP Plans

Since all ULIP Plans will be different, you will need to compare the plans to understand which ULIP features, benefits, and funds are better suited for your investment goals.

Performance of ULIP Funds

ULIPs have funds whose performances are linked to the market. To ensure that you have a good selection of funds in your plan, check the fund performance of our Unit Linked Insurance plans so that you can make the most out of your investment.

Flexibility

ULIP plans should offer a flexible tenure as per your investment horizon as well as a good choice of funds so that you are not restricted to limited options that may not be aligned with your investment goals.

Understand Different Charges Levied

ULIPs carry certain charges, such as fund management expenses, premium allocation charges, etc., that can affect your investment value. Therefore, keep these ULIP charges in mind before you start investing in a ULIP.

Solvency Ratio

The insurance company that offers the ULIP policy should have a good solvency ratio. This term means that the company’s financial health is good, and you will be able to receive your ULIP returns and benefits as and when they are due.

Claim Settlement Ratio

Your insurer’s claim settlement ratio will also matter while choosing a Unit-Linked Insurance Plan since this figure indicates the number of claims they have settled against the number of claims they receive in a financial year.

Why Choose Tata AIA?

Top rated funds

Funds rated 4 or 5 stars¹ by Morningstar²
500+ Branches

Presence across major cities in India
1 Lakh Crore+

Assets Under Management (AUM)¹⁰
99.13%

Individual death claim settlement ratio¹¹
77 Lakh+

Families protected so far¹²
Experienced

Tata AIA Fund Managers

Why Buy ULIP plans Online with Tata AIA?

Independent Purchase

When you purchase our ULIP plans online, you can make an independent and informed decision based on your research using online reviews, the information on our website, and our ULIP brochures.
Check our ULIP Plans and their Performance

You can check and evaluate our top-performing funds online by viewing the NAV. Click here to view the NAV of our ULIP funds.
Hassle-free experience

Our convenient and quick online experience ensures that you can refer to all the information on our website, easily get in touch with our customer service team for any queries and make easy online payments through your preferred online payment mode.

How To Maximise ULIP Returns?

Invest early

Start investing in a ULIP scheme early in life. It will help you choose a longer policy period that helps minimise the risk of short-term volatility. Also, you can pay an affordable premium for the required coverage and the expected returns.

Invest wisely

Choose fund options based on your risk profile and plan to invest in it for the long term. Make use of the switching option to maximise the returns based on the prevailing market conditions.

Keep monitoring your portfolio

It is important that you review your ULIP policy in a timely manner to make the necessary revisions and align the investment based on your changing requirements or market conditions.

How To Manage Your ULIP Investment?

Managing ULIP funds can be based on your investment preferences. At Tata AIA, you can choose the investment approach based on the following options to manage your ULIP funds.

Factors To Consider While Purchasing ULIP Policy

Opt for adequate life cover

While purchasing a ULIP scheme, ensure to choose an adequate life cover that will protect your family's financial future by helping them manage their routine lifestyle, clear off debts, etc.

Determine affordable premiums

Utilise our Tata AIA ULIP calculator to determine the most affordable premium to ensure you stay invested during the long term for increased benefits.

Know the ULIP charges

Make yourself aware of the ULIP charges and their impact on the returns to make wise investment decisions.

Do not hide crucial information

As ULIP plans have a life cover component, be transparent about your medical history for adequate coverage and avoid hassles during claim settlement.

Do not miss paying the premiums

Ensure to make regular investments to avoid missing a premium payment that can affect your life cover and investment objectives. It can lead to a policy lapse that can affect the investment returns.

Terms Related to ULIP Plans

01
Death Benefit

In ULIP plans, the death benefit is the payout given to the nominee If the life assured passes away during the policy term.
02
Fund Value

Refers to how much your investment is worth at any given point in time. It can be calculated by multiplying the monetary value of each unit or the Net Asset Value (NAV) by the number of units owned.
03
Maturity Benefit/ Survival Benefit

It is the ULIP policy fund value payable as the survival benefit at the end of the policy tenure.
04
Partial Withdrawal

Policyholders can opt for a partial withdrawal, which is a specified portion of the fund value after the lock-in period to fund an emergency.
05
Surrender Value

It is the fund value of your ULIP policy at the time of surrender less the applicable discontinuance charges.
06
Switch Funds

Refers to the option of switching between the fund options based on the market conditions to minimise losses.
07
Top-Up Premium

Refers to the additional premium that you pay to increase your investment.
08
ULIP Charges

Refers to the various ULIP charges applicable to a ULIP policy, such as the Fund Allocation, Mortality, Premium Allocation, Policy Administration charges, etc.

1.What is ULIP and How does ULIP Plan Work?

ULIP full form is Unit Linked Insurance Plans. It is a life insurance policy that combines insurance coverage with investment opportunities in market-linked funds like debt or equity. A portion of the premium is for life insurance, while the rest is invested based on your chosen funds. ULIPs may offer long-term investment growth, flexibility in fund selection, and a maturity benefit, but they come with charges and a lock-in period.

2.What are the different types of ULIP available in India?

In India, there are several ULIP options to suit a range of risk levels and financial objectives. While debt and cash fund ULIPs provide steady returns for clients who are risk averse, equity and balanced ULIPs concentrate on building wealth. With focused planning and portfolio diversification, child, retirement, and life-stage ULIPs assist in securing future needs.

3.What is ULIP plan NAV?

NAV in a ULIP represents the per-unit value of the fund, calculated by subtracting liabilities from the fund’s total assets and dividing by outstanding units. It helps investors monitor fund performance and determine the value of their investment. A ULIP offers both life insurance and investment plan, with premiums allocated across market instruments.

4.When should I invest in ULIPs?

There is no specific time considered best for starting a ULIP. It’s important to align your investment with your financial goals, risk appetite, and expectations. Focus on long-term planning rather than market conditions.

5.What is the right time to invest in ULIPs?

Your investing horizon, risk tolerance, and financial objectives all influence when it's best to buy ULIPs. ULIPs are appropriate for people looking for a long-term combination of market-linked returns and insurance. Before investing, consider the fees, fund performance, and policy terms.

6.Do ULIP Plans have a lock-in period?

Yes, ULIP Plans have a lock-in period of 5 years, after which partial withdrawals are permissible.

7.Are ULIP Plans risky investments?

ULIP plans offer varied fund options to suit individual risk profiles. For example, you can choose between high-risk equity funds, low-risk debt funds, and medium-risk hybrid funds. Also, you can choose a different fund option based on the varying market cycles to minimise losses.

8.What are the eligibility criteria for purchasing a ULIP Policy?

The eligibility criteria vary for the individual options. You can check the respective product page for detailed information on the eligibility criteria.

9.Does a ULIP have life insurance coverage?

Yes, ULIPs offer a life insurance cover to your family. In case of your untimely demise during the policy term, your nominee will receive either the sum assured or the fund value as a death benefit, whichever is higher.

10.Can low-risk investors choose a ULIP?

Yes, there are ULIPs available for low-risk investors as well. You can choose the funds that you want to include in your portfolio and the fund allocation for these depending on your risk appetite.

11.Can I buy a ULIP plan online?

Yes, you can buy ULIP plans online on the Tata AIA Life Insurance official website. Before you purchase the unit linked insurance plan, you can also use the ULIP calculator to learn about the ULIP charges and the returns you can get from the plan.

1.Can I invest the entire amount in investment and opt out of life cover?

No, while it is not possible to avoid the life cover in a ULIP, you can choose how much life cover you need and how much you would like to invest in the ULIP funds. Remember that the life cover is an important part of the ULIP.

2.Do I get to choose the fund options in the ULIP policy?

Yes, you can choose the fund options and the investment strategy, whether to minimise losses, maximise gains, or the balance between the two, etc., based on your investment goals.

1.How are the premiums divided in a ULIP?

The premiums paid towards a ULIP policy are divided into the life cover as well as the investment amount of the policy.

2.What are the premium payment modes under a ULIP plan?

You can choose between the single premium payment, regular premium payment, and limited premium payment options. Furthermore, you can choose to pay the ULIP premium for the regular and the limited premium payment in the monthly, quarterly, semi-annual, and annual payment modes.

3.What is the limited premium payment option?

In a limited premium payment option, you can pay the premium for a limited period while ensuring the ULIP policy benefits, the life cover, and the investment for the entire policy tenure.

4.Do ULIP policy have a waiver of premium benefit?

Yes, you can add the Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider (UIN:110A025V03) - Linked, Individual, Health Insurance Rider or Tata AIA Life Insurance Waiver of Premium (Linked) Rider (UIN: 110A026V03) - Linked, Individual, Health Insurance Rider to the ULIP policy to avail of the waiver of premium benefit under specified circumstances.

1.What are the documents needed to file a claim?

Please click here to know the list of documents needed for the claim intimation and settlement process.

2.What claims can you file under a ULIP plan?

Your nominee can file a claim for the death benefit under a ULIP. The death benefit can either be paid out in the form of the sum assured or the fund value, whichever is higher.

3.How do I file a claim on my ULIP?

You can file a claim on ULIP by getting in touch with us:

Online using our Online Claim Intimation page
Send us an email: customercare@tataaia.com
Call our helpline number - 1860-266-9966 (local charges apply)
Visit us at any Tata AIA Life Insurance Company branch offices
Write 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

4.How can a ULIP plan claim be processed if the nominee is outside India?

If the nominee wants to file a claim but is outside of India, they can either upload the attested copies of the relevant documents online or email them to us. If they want to file the claim offline, they can send the documents to their representative in India, who can visit any of our offices and file the claim on their behalf.

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Life Insurance In India

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.
Param Raksha Life Pro+ is designed for combination of benefits of following individual and separate products named (1) Tata AIA Smart Sampoorna Raksha Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V01) and (2) Tata AIA Vitality Protect Advance - A Non-Linked, Non- Participating Individual Health Product (UIN: 110N178V01).
These products are also available for sale individually without the combination offered/ suggested. 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.
Tata AIA Smart SIP - Non-Participating, Unit Linked Individual Life Insurance Savings Plan (UIN:110L174V01)
Tata AIA Smart Fortune Plus - Non-Participating, Unit Linked Individual Life Insurance Savings Plan (UIN: 110L177V01)
Tata AIA Smart Sampoorna Raksha Supreme - Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V01)
The complete name of Tata AIA Wealth Pro is Tata AIA Life Insurance Wealth Pro - Non-Participating, Unit Linked, Individual Life Insurance Savings Plan (UIN: 110L111V05)
The complete name of Tata AIA Fortune Pro is Tata AIA Life Insurance Fortune Pro (UIN: 110L112V07) – Non-Participating, Unit Linked Individual Life Insurance Savings Plan.
The complete name of Tata AIA Fortune Maxima is Tata AIA Life Insurance Fortune Maxima - Non-Participating, Unit Linked Individual Life Insurance Savings Plan (UIN: 110L113V09)
The complete name of Tata AIA Wealth Maxima is Tata AIA Life Insurance Wealth Maxima – Non-Participating, Unit Linked Individual Life Insurance Savings Plan (UIN:110L114V05)
Tata AIA i Systematic Insurance Plan - Non-Participating Unit Linked Individual Life Insurance Savings Plan (UIN:110L164V04)
Tata AIA Smart Sampoorna Raksha Pro - Non- Participating, Individual Life Insurance Savings Plan (UIN: 110L172V02)
*5-year computed NAV for Multi Cap Fund as of October 2024. Other funds are also available. Benchmark of this fund is S&P BSE 200.
¹ All funds open for new business which have completed 5 years since inception are rated 4 star or 5 star by Morningstar as of August 2024
² ©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.
³The Insured Amount under Term Booster option (in Vitality Protect Advance) is payable on earlier of death or diagnosis of Terminal illness of the Life Insured. Please refer Terms and Conditions for more details.
⁴ Tata AIA Vitality - A Wellness Program that offers you an upfront discount at policy inception. You can also earn premium discount / cover booster (as applicable) for subsequent years on policy anniversary basis your Vitality Status (tracked on Vitality app). Please refer Tata AIA Vitality Protect Advance brochure for additional details on health and wellness benefits.
Vitality is a trademark licensed to Tata AIA Life by Amplify Health Assets PTE. Limited, a joint venture between Vitality Group International, INC. and AIA Company Limited. The assessment under the wellness program shall not be considered as a medical advice or a substitute to a consultation/treatment by a professional medical practitioner.
⁵Waiver of premium is available only in Future Secure and Family Secure option under TATA AIA Smart SIP.
⁶Tax benefits of up to ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000 as per old tax regime. Tax benefits under the policy are subject to conditions laid under Section 80C, 80D,10(10D), 115BAC and other applicable provisions of the Income Tax Act,1961. Good and Service tax and Cess, if any will be charged extra as per prevailing rates. The Tax-Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
⁷ Income 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 implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
⁸Market-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.
⁹Rider is not mandatory and is 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/ branch.
¹⁰As on 03rd April 2024, the company has a total Assets Under Management (AUM) of Rs.100,099.11 Crores
¹¹ Individual Death Claim Settlement Ratio is 99.13% for FY 2023-24 as per the latest annual audited figures.
¹² 77,26,727 families protected till December ’23.
For ULIP products
- 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).
- 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.
- Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & the Unit linked insurance product with Tata AIA /Tata AIA Life Insurance as its prefix 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.
- 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.
- This product is underwritten by Tata AIA Life Insurance Company Ltd.
- The plan is not a guaranteed issuance plan, and it will be subject to company’s underwriting and acceptance.
- Insurance cover is available under this product.
- 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.
- Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs, and the Surrender Value payable may be less than the all the Premiums Paid.
- In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
- L&C/Advt/2024/Dec/3828