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Child Education Plan

Every parent wants to provide quality education for their child. A Child Education Plan helps you systematically build a fund... Read more corpus and offers life cover. The plan combines savings with insurance benefits, offering life cover, waiver of premium, and maturity benefits. With a Child Education Plan, you can stay financially prepared to support your child’s education and secure their future. Read less

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What is a child education plan?

A child education plan is a type of child insurance plan that combines protection and savings. It allows parents to secure funds for future education expenses while also offering life cover for child security. The plan works by building a financial corpus over the years, which is used for higher studies or career needs. Features like waiver of premium help ensure that the plan continues even after a parent’s demise. A maturity benefit is provided at the end of the policy term to cover rising costs.

How does child insurance plan work?

A child insurance plan helps parents build a dedicated education corpus for their child’s future goals. The policy combines savings and life insurance protection during the chosen policy term. Parents pay premiums regularly for a selected duration, and the policy value grows over time based on the chosen plan type. If the parent survives the policy term, the maturity amount can support major education expenses. In case of an unfortunate event during the policy term, the plan continues to support the child’s financial needs through insurance benefits and premium waiver features.

Situation 1: Parent survives the policy term

For example, Mr Sharma starts a child insurance plan for his 6-year-old daughter’s higher education. He pays a monthly premium of around Rs. 7,500 for 15 years. If he survives the entire policy term, he receives the maturity amount at the end of the tenure. This amount can support college admission fees, tuition costs, hostel expenses, or overseas education plans for his daughter.
Situation 2: Parent passes away during the policy term

Suppose Mr Sharma passes away during the 9th year of the policy term. In such a situation, the nominee receives the life cover amount according to policy conditions. The remaining future premiums may also get waived under the death benefit. Depending on the policy structure, the child may continue receiving maturity benefits or partial withdrawals for education-related expenses without interruption.

Why do you need a child education plan?

Here’s why you need a child education plan:

Protection against rising education expenses

Education expenses in India continue to increase across schools, colleges, and international universities. A child education plan helps parents create a separate education corpus for future academic goals without disturbing other financial responsibilities.
Encourages disciplined long-term savings

Regular premium payments encourage consistent savings over a longer duration. Starting early gives parents more time for the invested amount to accumulate steadily for future educational milestones.
Financial security during uncertain situations

Child education plans generally include life insurance protection for the parents. In case of an unfortunate event, the child’s education funding remains protected through policy benefits and Rider⁵ options
Support for higher education goals

The maturity proceeds from the plan can support expenses related to professional courses, overseas education, specialized training programs, accommodation, or educational travel requirements.
Tax advantages under applicable laws

Premiums paid towards eligible child insurance plans may qualify for tax deductions⁵ under Section 80C of the Income Tax Act, 1961, subject to prevailing tax laws. Maturity proceeds may also receive tax exemptions under applicable conditions.
Choice of payout structures

Parents may select lump sum payouts or staggered payouts depending on the child’s future education requirements. This helps to align policy benefits with important academic stages.
Flexibility in premium payment modes

Many child education plans offer monthly, quarterly, half-yearly, yearly, or limited premium payment options according to the parent’s financial planning preferences.
Opportunity to select investment preferences

Certain child plans linked with market investments provide multiple fund choices based on investment horizon and risk preference. Parents can choose suitable fund allocations according to long-term goals.
Reduces dependence on education loans

Creating an education corpus in advance may reduce the need for large education loans later. This can lower future repayment responsibilities for children after completing their studies.
Supports planned financial management

A dedicated child education policy separates education savings from regular household expenses. This supports organized financial planning for future academic requirements.

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Importance of life insurance cover in child plans

The importance of life insurance cover in child plans is as follows:

Financial protection for the child
: Life cover helps ensure that the child has financial support to continue studies in case the parent passes away.
Uninterrupted education
: Education expenses are managed without breaks through the Death benefit feature, which keeps the plan active even after the parent’s death.
Support during uncertain times
: The plan supports children by covering education costs at important stages, from school to higher studies.
Confidence for parents
: Parents gain confidence knowing that the child’s education will continue, even in difficult financial circumstances.

Top features of a child education insurance plan

The following are the key features of child education plans.

Combined savings and protection
- Life cover
  The policy provides financial protection through a life cover benefit during the policy term. This amount supports the child’s education needs in the absence of the parent.
- Premium waiver benefit
  Many child plans include a premium waiver feature. If the parent passes away during the policy term, future premiums may get waived while policy benefits continue.
- Long-term wealth creation
  The plan encourages regular investments over several years. This supports the gradual accumulation of funds for future education-related financial requirements.
- Protection for important milestones
  The maturity amount may support expenses related to school education, higher studies, professional courses, or overseas academic programs.
Maturity benefits
- Lump sum maturity amount
  At policy maturity, the accumulated amount is paid according to the policy structure. Parents may use this amount for planned educational expenses.
- Goal-based financial support
  The maturity proceeds can support different academic stages, including graduation, post-graduation, professional certifications, or specialized training programs.
- Survival benefits options
  Certain plans may provide periodic payouts during the policy term based on policy conditions and selected benefit options.
- Loyalty additions and bonuses
  Some child plans may offer bonuses or loyalty additions for maintaining the policy for longer durations, subject to policy terms
Flexible payout options
- Lump sum payout option
  Parents may choose a single maturity payout amount for meeting larger education-related expenses during admission periods.
- Phased payout option
  The policy may provide payouts at regular intervals aligned with the child’s academic schedule and yearly education costs.
- Partial withdrawal facility
  Certain plans allow partial withdrawals with the flexibility of sub-wallet⁸ feature after the lock-in period according to policy conditions. This amount may support tuition fees or examination expenses.
- Choice of premium payment frequency
  Parents may choose premium payment frequencies according to their income flow and long-term financial planning preferences.
- Investment fund choices in ULIP plans
  ULIP-based child education plans generally provide equity, debt, or balanced fund options for different investment preferences.

Benefits of a child insurance plan

The following are the key benefits of a child insurance plan:

Tax benefits
- Tax deduction on premiums
  Premiums paid towards eligible child insurance plans may qualify for deductions under Section 80C of the Income Tax Act, 1961, subject to applicable tax⁴ provisions.
- Tax treatment on maturity benefits
  Maturity proceeds may qualify for tax⁴ exemptions under Section 10(10D), depending on prevailing tax rules and policy conditions.
- Financial planning support
  Tax savings may support overall long-term financial planning while building a dedicated education corpus for the child.
Flexibility of plans
- Choice between plan types
  Parents may choose traditional savings plans or market-linked ULIP child plans according to financial goals and investment preferences.
- Flexible premium payment options
  The policy may offer monthly, quarterly, half-yearly, yearly, or limited premium payment structures based on affordability.
- Partial withdrawal option
  Certain plans permit partial withdrawals after the applicable lock-in duration for education-related financial requirements.
- Option to add riders
  Parents may select optional riders such as critical illness rider, accidental death benefit rider, or waiver of premium rider⁵ for additional protection.
- Customizable policy term
  The policy term may be selected according to the child’s expected education timeline and future academic goals.
- Multiple funds switching options
  ULIP child plans may provide fund switching facilities for managing investments according to changing financial priorities.

Tax advantages of investing in child plans

The table below highlights how tax benefits apply to a child education investment plan under Indian law.

Tax benefit type	Explanation
Premium deduction (Section 80C)	You can claim deductions up to ₹1.5 lakh per year on the premiums you pay for the child insurance plan under Section 80C of the Income Tax Act⁴.
Tax-free maturity proceeds (Section 10(10D))	The proceeds you receive, whether as income or maturity benefit from the plan, are tax-free under Section 10(10D) of the Income Tax Act.

Secure your child’s education with financial planning

Types of Child Education Plans

The types of child education plans are as follows.

Money-back child plans:

Money-back child plans provide periodic payouts during the policy term without affecting other benefits under the plan. Along with these survival payouts, the maturity amount is paid at the end of the term, and in case of the insured’s death, the child is supported through a waiver of premium benefit. This plan is useful for covering education fees or other expenses before the maturity benefit is received.
ULIP child education plans:

Unit-Linked Insurance Plans (ULIPs) are market-linked¹⁰ child insurance plans where investment returns depend on market performance. These plans allow partial withdrawals before maturity and may provide higher returns, but it is important to understand their workings before selecting one to secure your child’s future.
Endowment-based child plans:

Endowment or child education endowment plans provide a lump sum on maturity along with any applicable bonuses. These plans are designed to suit a child’s future needs, offering guaranteed returns and flexible sum-assured options to ensure adequate coverage for the child’s educational requirements.

How to get a good child insurance plan?

There is a range of child insurance plans available. To get a good child education plan, as per your needs, here are some of the factors you will need to consider.

Start early
: If you want to buy a child insurance plan, start saving and investing as early as possible for a better scope of financial freedom. This should happen well in advance before you need large amounts of funds for child’s educational costs. For instance, if you are saving up for your child’s college education, the investment should start in their primary or secondary school years.
Consider all economic factors
: Inflation plays a major role when it comes to the rising cost of education and lifestyle in general. However, if the inflation rate is accounted for, then you can get a child insurance plan that can help you save adequate funds for your child’s needs. Hence, even in the future, inflation will not affect the benefits of such a plan.
Read the terms and conditions
: Be sure to look into the terms and conditions of the child insurance policy that you choose. Child insurance plans and their features will vary, and the plan you choose will determine when you can avail of the benefits and payouts. Also, look out for the exclusions, as certain situations may not be covered under the plan.
Understand the payouts
: Many education fund insurance plans start offering benefits once the child is 18 years of age to cover any major milestones in the child’s life. To ensure that these payouts and benefits are applicable to the child, start investing early in the child insurance plan. This will provide enough time for the investment to grow.
Compare different plans
: As you may know, all child life insurance policies are different in terms of their offerings. So, to find the right one for your child’s needs, it is essential that you compare all the plans before choosing one that covers all the requirements you want to secure your child’s future against.
Understand the withdrawal clause
: Child plans tend to offer benefits and payouts during the policy term. But if you choose a ULIP-based child life insurance plan, there could be a lock-in period. In case you need to make emergency withdrawals before or soon after the lock-in period, you will need to know how the clause of partial withdrawals works. This will help you protect your child in uncertain times.
Choose a trusted appointee
: In the event of the insured’s death, an appointee can be nominated to manage the education fund insurance until the child is an adult and can manage the policy themselves. Therefore, the appointee should be a trusted person who is capable of handling the policy in the absence of the parents or the insured till the time the child is of 18 years of age and can understand the child insurance plan.

How to Buy a Child Education Plan?

The steps to buy a child education plan are as follows:

Step 1: Visit the child insurance plan section:
Go to the insurer’s official website and open the child insurance or child education plan section.
Step 2: Enter basic personal details:
Fill in the required details such as your name, mobile number, and contact information.
Step 3: Share family and income information:
Provide details, including your age, child’s age, city of residence, and annual income for plan recommendations.
Step 4: Review available child plans :
The website will display different child education plans based on the entered information and selected preferences.
Step 5: Compare policy features :
Compare policy benefits, premium amounts, payout structures, riders, and policy terms before selecting a suitable plan.
Step 6: Customize the policy :
Choose the premium payment term, investment amount, policy tenure, and payout structure according to future education goals.
Step 7: Select riders if required :
Add suitable optional riders⁵ for additional financial protection based on your family’s future requirements.
Step 8: Complete payment and policy issuance :
After reviewing policy details carefully, proceed with premium payment and complete the application process according to insurer guidelines. .

Key factors to consider while selecting a child plan

The following are the key factors to consider while selecting the best child education plan.

Choose a plan as per requirements:

Select between guaranteed-return or market-linked¹⁰ child plans depending on your risk tolerance. Ensure the plan aligns with your financial capacity and education goals and offers flexibility in premium payments.
Check premium waiver benefit:

Opt for a policy that offers a waiver of premium. In case of the parent’s untimely demise, the insurer continues paying the future premiums, while the child still receives the maturity benefit for education needs.
Check the partial withdrawal feature:

Some child plans allow partial withdrawals with sub-wallet⁸ feature during the policy term. This feature can help manage short-term education expenses such as school fees, coaching classes, or application costs without disturbing the long-term corpus.

Top factors to choose a child insurance plan

Financial security

In case of an unfortunate event, if the parent passes away, the life insurance policy will pay out a lump sum amount to ensure that the child is able to continue their education even in the absence of the premium payments resulting from the parent’s death. This tax free amount can pay off the fees and any pending debts so that the child’s education does not stop.
Shield against inflation

The rate of inflation in education sector has been significantly higher. Suppose your child wants to pursue their education in a good school; immediately making such arrangements will compromise your emergency savings. Hence, it is better to opt for a child education insurance policy that can pay for the tuition fees of your child, no matter which educational institution they choose.
Cost of foreign education

If you get a good life insurance education plan for your child well in advance, it can help you get them admitted to a renowned university if you want them to pursue their further education abroad. Specialized courses can be really expensive, but with the help of a good insurance policy for education, these expenses can be covered.
Savings for education

Depending on the type of policy and the sum assured you choose a life insurance education plan for your child can offer sufficient funds needed for your child’s educational needs. Be it tuition fees or additional coaching, the plan ensures that your child has everything they need.
For medical emergencies

A child insurance plan can offer a provision for making partial withdrawals or offer payouts in the event of a health emergency, such as sickness or an accident leading to hospitalization and the need for medical care. Such a benefit may come in the form of an optional rider or an inbuilt plan feature.
Income protection in the absence of parent(s)

Once the policy reaches maturity, the child will be able to receive the maturity benefit as a lump sum amount as specified during the policy purchase. In addition, if the parent (the insured) passes away during the policy term, not only will the premiums be waived off (if a waiver of premium option is chosen), but a regular income option can also be offered to the child.
Education loan against the policy

If your child opts for higher education at a good university in India or abroad, the expenses may exceed your savings funds. However, a child insurance plan can help you out as it acts as collateral if you want to secure an education loan to fulfil your child’s higher education needs.
Flexible plan options

Child insurance policies offer several options when it comes to the policy terms and premium payment terms under the plan. You can choose to pay the premiums at regular intervals or also opt for a limited pay plan. There is also flexibility in choosing the premium payment mode – annually, semi-annually, quarterly, or monthly.

Advantages of early planning for child’s education

Compounding benefits over the years:

Starting a child education plan early allows parents to contribute gradually over time. Even small contributions can accumulate into a significant fund by the time the child reaches higher education, which helps ensure financial security.
Effective management of education expenses:

By investing early, parents can avoid making large, sudden contributions later. Steady, long-term contributions help manage finances effectively while ensuring the child’s education fund grows as planned.
Time to evaluate policy features:

Early planning provides the flexibility to compare different child education plans. Parents can assess features, returns, and benefits carefully to choose a plan that aligns with their financial objectives and the child’s educational requirements.
Helps manage rising education costs:

Education expenses tend to increase over time. Early investment helps parents plan for inflation, ensuring the accumulated corpus is sufficient to cover future academic fees.
Encourages financial awareness:

Engaging children in discussions about saving and planning helps them understand the importance of financial discipline, developing responsibility from an early age.

How Much Should You Invest in a Child Insurance Plan?

The suitable coverage for the child education plan online depends on your child’s needs. For one, understand how the cost of education, healthcare, and other lifestyle aspects are on the rise. This should help you understand how inflation plays an important role in your current savings and investments towards the child insurance plan.

To get quality facilities for your child’s education, you may have to spend a very large amount. Therefore, to ensure that your child does not face a shortage of finances when they go to college or suffer financial drawbacks in your absence, select a coverage amount that can comfortably cover the education as well as any emergency requirements while also covering the future rate of inflation and its impact on the policy.

List of documents required for buying children's insurance plans

The following table highlights the documents may be required for buying children’s insurance plans and may vary as per the plan requirements.

Document type	Acceptable documents
Proof of Age	Birth Certificate, Class 10/12 Marksheet, Passport
Proof of Identity	Aadhaar Card, Passport, PAN Card, Voter ID
Proof of Income	Document showing the income of the insurance buyer
Proof of Address	Telephone Bill, Electricity Bill, Ration Card, Passport, Driving License
Proposal Form	Duly filled proposal form

Myths Associated with Child Insurance Plans

Child insurance plans are inauspicious as they insure a child’s life

Even though child insurance plans offer benefits to a child, the insured is the earning parent, not the child. Therefore, these plans are meant to secure the child’s future and fulfil their educational aspirations in case of the insured’s (parent’s) untimely demise during the policy term..
A child insurance plan only covers the education costs of the child.

Child life insurance plans are comprehensive and don’t just secure the child’s educational expenses. Since the insurance payouts are made at regular intervals during the policy term and at maturity, the child can decide how they would like to utilize the funds as per their financial commitments.
A child insurance policy has a long lock-in investment period

Child insurance policies have flexible policy terms, and in the case of market-linked¹⁰ plans, the tenure can be between 5 to 25 years. With this kind of flexibility, the insured (the parent) can make partial or full fund withdrawals from the policy as and when the need arises.

Claim process for child insurance plans

Here is how the claim process for child insurance plan works.

Inform the insurer :
The claim process starts with informing the insurance company about the life insured’s death. This can typically be done online, via email, or by visiting the branch office. Informing the company quickly helps ensure the timely processing of the claim.
Submit required documents :
Next, the claimant must submit all necessary documents. These generally include a completed claim form, the death certificate of the policyholder, policy documents, identity proof of a nominee, and any additional documents requested by the insurer..
Claim evaluation :
The insurance company reviews the submitted documents carefully to verify authenticity and ensure that all policy terms and conditions are met. This step helps ensure transparency and accuracy in processing the claim.
Claim approval :
Once the evaluation is complete and all documentation is verified, the claim is approved according to the terms of the policy.
Payout to nominee :
Lastly, the approved claim amount is disbursed directly to the child’s guardian or chosen nominee. This ensures that the child’s financial needs are supported without unnecessary delays.

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When should you buy a child Insurance plan?

Buy a child insurance plan as early as possible to save for your child’s future. Start when they’re in school and choose a policy term that can cover college or university expenses.

How does a child insurance plan help your child?

A child education plan builds savings for future educational needs and provides life cover for the parent, ensuring benefits, waiver of premium, and maturity proceeds if the parent passes away.

How to get a fair estimate of the cost of a child insurance plan?

To get a fair estimate of a child’s education plan, calculate your child’s future educational expenses, including tuition, accommodation, and inflation. Also, consider possible emergencies. You can also use a child education plan calculator to select suitable coverage.

Do child insurance plans have tax benefits?

Yes, Premiums are eligible for tax⁴ deductions under Section 80C up to ₹1.5 Lakh, and maturity proceeds or death benefits may also qualify for tax benefits, depending on the policy terms.

How to choose the best coverage of a child insurance plan?

To choose appropriate coverage, consider the expenses the plan should cover and select a sum assured that provides adequate support for your child. You can also compare different plans using a cost-benefit analysis to find a suitable option.

What should be the tenure of the child insurance plan?

Policy tenure depends on your educational plans for your child and the insurance needs. You should choose a tenure that aligns the plan with your child’s educational and financial goals.

Which plan is best for child education in India?

The best plan for child education in India depends on the goals, budget, and future study needs of the child.

What are the documents required to buy a child insurance plan?

The required documents to buy a child insurance plan are identity proof, address proof, income details of the life insured and other documents as per the policy requirement.

What is a child’s life coverage?

Child life coverage is a pre-determined sum paid to the nominee if the parent (policyholder) passes away during the policy term. It helps ensure financial support for the child’s future needs.

10.

Can I customize a child plan to suit my specific requirements?

Yes, many plans allow customization, letting you adjust the premium payment frequency and other plan features as per plan eligibility.

11.

Do child plans provide a guaranteed maturity amount compared to mutual funds?

Yes, many child plans offer guaranteed amounts, providing a clear and defined sum that will be available for your child’s future needs.

12.

When can one withdraw money from the child plan in ULIPs?

In case of ULIP plans, partial withdrawals are usually allowed after a fixed lock-in period, and you can use them to meet your child’s financial needs.

13.

Can I purchase a child insurance plan for my 15-year-old kid?

Yes, parents can buy plans for children up to a certain age limit, depending on insurer policy.

14.

Why is beneficiary or nominee important in a child plan?

A nominee or beneficiary is important because the sum is paid to them if the parent dies during the policy term.

15.

What is the eligibility to buy a child insurance plan?

The eligibility criteria to buy a child insurance plan are, the child must be an Indian citizen, the parent or legal guardian must be an Indian citizen, and the age requirements vary depending on the plan and insurer.

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.
The complete name of Tata AIA Fortune Guarantee Plus is Tata AIA Life Insurance Fortune Guarantee Plus - Non-Linked, Non-Participating, Individual Life Insurance Savings Plan (UIN: 110N158V14)
The complete name of Tata AIA Shubh Flexi Income Plan (UIN: 110N207V02) - Individual, Non-Linked, participating, Life Insurance Savings Plan
The complete name of Tata AIA Fortune Guarantee Secure - Individual, Non-Linked, Non-participating, Life Insurance Savings Plan (UIN: 110N206V03)
¹As per the duly approved product design and terms & conditions of the product, Premium excluding taxes for age group of 18 to 50, Male/Female, Standard life, Plan Option 1 (Regular Income), Premium Payment Term 10 years, Policy term 15 years, Income term 30 years. Income will start from 16th year. Total Guaranteed Benefit: ₹46,06,600
²Guaranteed Addition (Endowment option) defined as a percentage of GMB shall accrue at a simple rate for each completed policy year starting 2nd policy year, throughout the Policy Term and shall be payable on Maturity or Death whichever is earlier, subject to all due premiums being paid. GA shall accrue @ 7.5% of GMB.
³Guaranteed Income shall be total of Guaranteed annual Income plus Income Booster payable in a year. Guaranteed Income as per the chosen Income Frequency shall commence after maturity till the end of the Income Period, irrespective of survival of the life insured(s) during the Income Period.
⁴Tax benefits of up to ₹46,800 u/s Section 123, Schedule XV (erstwhile Section 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 11 Schedule II, Section 123 Schedule XV, Section 126 (erstwhile Section 80C, 80D,10(10D)), 115BAC and other applicable provisions of the Income Tax Act 2025. 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 11, Schedule II (erstwhile section 10(10D)) and other applicable provisions of the Income Tax Act 2025. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above. Income Tax benefits would be available, subject to fulfillment of conditions of aggregate premium within threshold limit of ₹2.50 Lakh/annum for ULIP and ₹5.0 Lakh/annum for non ULIP Life insurance and maintaining conditions of premium to sum assured ratio as stipulated therein in Section 11, Schedule II (erstwhile Section10(10D)) of Income Tax Act 2025. 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.
⁵Riders 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
⁶As per the duly approved product design and terms & conditions of the product, Illustration shows annual premium of ₹1,00,000 for Tata AIA Fortune Guarantee Secure for a 40-year-old male, standard life, premium payment term: 10 years, policy term: 10 years in regular income ROP option. An income of ₹1,34,816 for 30 years, starting from 16th year thereafter till end of income period every year, subject to payment of all due premiums. Also, receive lump sum amount (equal to total premiums paid) of ₹10 Lakh at the end of income term. Please refer Benefit Illustration for more details.
⁷Guaranteed returns in this plan depends on Age at Entry of life assured, Premium payment term, policy term, premium amount and plan option chosen. Guaranteed income shall be a % of Annualized Premium (before discount). Such Income shall be payable every year during Income Period as per the guaranteed chosen option.
⁸Cash bonuses, if declared, may be fully or partially received in the sub-wallet. The policyholder may withdraw the sub-wallet balance, in part or in full, at any time during the policy term. The current loyalty addition rate on the Sub-wallet will be 5.25% compounding monthly. The loyalty addition rate shall be at which RBI absorbs liquidity which is the reference rate from Standing Deposit Facility rate. The current Standing Deposit Facility rate is 5.25% p.a. and the same shall be reviewed bi-monthly.
⁹Cash bonuses (if declared) may be opted to be paid out at the end of the chosen pay-out frequency or as premiums offset. Alternatively, the cash bonus (if declared) can be chosen to be accumulated and paid out on maturity, death or surrender. Cash bonuses are applicable for Early income and Deferred income option. Please refer Brochure for additional details.
¹⁰Market-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.
Linked Life Insurance products are different from traditional insurance products and are subject to risk factors.
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 premium paid in Linked Life Insurance policies is subject to investment risks associated with capital markets and publicly available index. The NAV of the units may go up or down based on the performance of Fund and factors influencing the capital market/publicly available index and the insured is responsible for his/her decisions. On survival to the end of the policy term, the Total Fund Value including Top-Up Premium Fund Value valued at applicable NAV on the date of Maturity will be paid
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 know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document issued by the insurance company. Please make your own independent decision after consulting your financial or another professional advisor
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)
If your policy offers variable benefits, then the illustrations on this page will show two different rates of assumed future investment returns. Currently the gross investment returns are stipulated as 4% p.a. and 8% p.a. These assumed rates of return are not guaranteed, and these are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.
Life insurance cover is available under the solution. For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
Risk cover commences along with policy commencement for all lives, including minor lives. 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. All Premiums 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 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.
The risk factors of the bonuses projected under the product are not guaranteed.
Past performance doesn't construe any indication of future bonuses.
These products are subject to the overall performance of the insurer in terms of investments, management of expenses, mortality and lapses.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.