Tata AIA Life Insurance Monthly Insurance Plan(MIP)

Monthly Insurance Plan (MIP) Product Overview

Non Linked Participating Endowment Assurance Plan

We all have dreams in life like owning a house, buying a dream car or going on a vacation; at the same time, planning for Children's Education, their Marriage, our Retirement and settlement of outstanding debts. Achieving all these dreams may seem like an uphill task, but it’s possible, if we are prepared for it.

Step by Step investing small sums of money every month over a period of time, in a disciplined manner, will help your money to grow, so you can fulfill your dreams.

To assist you realize your dreams, we present to you, Tata AIA Life Insurance Monthly Insurance Plan (MIP), a plan that helps you save monthly for a limited period to create big corpus for your future needs. Besides this, you get Guaranteed Yearly Additions and Bonuses to further enhance your savings along with Life cover and Tax Benefits.


Monthly Insurance Plan (MIP) Key Features


  • Build up a corpus for your future goals with monthly savings
  • Get Guaranteed Yearly Additions accrued at the beginning of each policy year
  • Get Compounded Revisionary Bonus and Terminal Bonus to further enhance your savings
  • Receive a lump sum benefit at maturity of the Policy
  • Protection for your family

  • Get life cover of at least 10 times the annualised premium for the entire policy term
  • Enhance your life cover with optional Rider
  • Liquidity

  • Avail loan facility to meet unforeseen needs
  • Tax benefits

  • Get tax benefits on investment and on returns, as per the applicable income tax laws

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  • 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 total premium paid.
  • This product is underwritten by Tata AIA Life Insurance Company Ltd. This 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
  • Rider 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.

For any information including cancellation, claims and complaints, please contact our Insurance Advisor/ Intermediary or visit Tata AIA Life’s nearest branch office or call 1-860-266-9966 (local charges apply) or write to us at customercare@tataaia.com or SMS 'LIFE’ to 58888

Tata AIA Life Insurance Company Ltd. (IRDA of India Regn. No.110) CIN No. U66010MH2000PLC128403; Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400013