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In this policy, the investment risk in investment portfolio is borne by the policyholder.
Unit Linked Individual Life Insurance Savings Plan (UIN:110L164V02)
Tata AIA
i Systematic Insurance Plan
The Tata AIA iSIP offers the dual benefit of extensive life insurance coverage, enhanced by adding optional riders^ and market-linked~ wealth creation opportunities on your policy!
Zero Premium Allocation and Policy Administration Charges
Get Inbuilt waiver of premium benefit with iSIP Young Genius Option
Get the mortality charges back
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Plan Snapshot
Personalise your plan as per your priorities.
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2 Plan Options:
iSIP Wealth
iSIP Young Genius -
Zero Premium
Allocation/Policy
Administration Charges -
Enjoy the benefit of
Wealth Booster
- Get Income Tax# benefits
- Earn more with our Top Rated* funds
- Return of Mortality Charges
We all want to give a comfortable life to our loved ones. Be it securing their financial future or planning for your child’s education. Tata AIA i Systematic Insurance Plan is a Unit Linked Insurance plan that provides host of benefits including Zero Premium Allocation/Policy Administration Charges, flexible withdrawal policy and wealth booster to supercharge your dream to achieve your life goals.
2 Plan Options to Meet your Life Goals
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01
iSIP Wealth
The iSIP wealth option provides you with an opportunity to invest your money and earn market linked returns~ by investing your entire premium amount in the fund of your choice. Invest your premiums in a selection of funds per your risk appetite and allow your fund value to grow over the chosen policy term as per your investment horizon. -
02
iSIP Young Genius
The iSIP Young Genius option provides you with a benefit of securing your child’s future and their education. In case of any unfortunate event, the death benefit is paid to the nominee, future premiums are funded by Tata AIA Life Insurance and the policy benefit continues as is.
Plan Benefits of Tata AIA i Systematic Insurance Plan
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Zero Premium Allocation/Policy Administration Charges
With zero premium allocation and policy administration charges you can invest your entire premium in the fund option of your choice.
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Multiple Fund Options
You get an option to choose from our top-rated funds of your choice and grow your wealth. Our funds have been rated 4 or 5 stars* by Morningstar@.
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Wealth Booster Option
Supercharge your fund with Wealth Booster and earn more on your investment. These additions add to the total corpus in your fund to boost your wealth plan.
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Smart Lady Feature
Women life assured will receive an extra allocation – 0.25% for Single Pay policies and 0.5% for Limited/Regular pay policies on their first-year premium.
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Choice of Whole Life Cover
Choose to get whole life insurance coverage till 100 years of your age under the iSIP Wealth plan option for Single and Limited Pay to protect your loved ones!
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Return of Mortality Charges
From the 121st policy month, the mortality charges will be returned to your fund. The unpaid charges will be added to the maturity benefit.
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Wellness~ benefit with Vitality Riders
Choose from the Tata AIA Vitality riders to get discounted rider premiums**, free health check-ups, and other benefits on your policy.
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Get Income Tax Benefits
Get Income Tax# benefits as per applicable income tax laws and save more
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Get Second Income with Choice of Multiple Partial Withdrawal Options
You can choose any partial withdrawal strategies as listed below after the lock-in period
Systematic Withdrawal Plan (SWP)
Withdraw a pre-defined amount or pre-defined percentage of the fund value in a structured manner.
Chosen-rate Withdrawal Plan (CWP)
With this strategy, you can set a growth rate for your investment funds and get a payout of the surplus amount.
Index-based Withdrawal Plan (IWP)
Select an index to be compared with your investment funds. The surplus amount will be paid out to you.
Know Your Plan
Plan Options |
Option 1 – iSIP Wealth Option 2 – iSIP Young Genius |
Minimum Policy Term |
Single Pay: 5 years Limited/ Regular Pay: 10 years |
Premium Paying Term |
Single Pay Limited Pay – 5 to 20 years Regular – Equal to Policy Term |
Premium Payment Mode |
Single, Annual, Semi-Annual, Quarterly, Monthly |
Minimum Entry Age |
Option 1 – iSIP Wealth: (30 days) Option 2 – iSIP Young Genius: 18 years |
Minimum Maturity Age |
Option 1 – iSIP Wealth: 18 years Option 2 – iSIP Young Genius: 28 years |
Why Choose Tata AIA Life?
Top Rated Funds
Our funds have been rated 4 or 5 stars* by Morningstar@
400+ Branches
Presence across major cities in India
Pay your Way
Flexibility to choose premium payment mode as per convenience
73500+ Crores
Assets Under Management (AUM)%
How to Purchase This Plan?
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01
Choose from the two available options of the plan.
Pick any one of the two available plan options to start investing in the policy – iSIP Wealth and iSIP Young Genius. -
02
Decide the term for which you want to stay invested and pay premiums
You can choose the Single, Regular, or Limited premium payment mode as per your premium payment preference. -
03
Decide upon the premium amount you wish to pay and your investment strategy
Decide upon the premium amount you want to pay as per your plan option between the minimum and maximum premium limit and select the investment strategy or fund(s) from a range of funds available as per your risk appetite.
Downloads
Frequently Asked Questions on Tata AIA i Systematic Insurance Plan
What is the best time to purchase a ULIP?
A Unit-Linked Insurance Plan comprises a life insurance component. As an investor, you should start early so that you can grow your wealth over a larger time horizon and also get additional benefits of lower mortality charge which will increase basis age.
Why are ULIPs important?
ULIPs are important as they offer investment opportunities and market-linked returns as well as life insurance coverage for your beneficiaries/family. Investing in a ULIP can offer financial protection in two ways – you can invest your money in a range of funds as per your risk appetite and also protect your family’s financial future in case of an unfortunate incident.
Are market-linked returns assured or guaranteed?
No, market-linked returns are not assured or guaranteed. When you invest in a ULIP, make it a point to select a ULIP that offers investment funds that meet your needs and your risk appetite. Since the fund performance will vary as per the market movements, the returns will also be variable. You can also choose the premium amount you want to invest in the policy as per your financial capacity.
What are the two plan options available under the Tata AIA Life Insurance i Systematic Insurance Plan?
The two plan options available under this policy are –
- iSIP Wealth
- iSIP Young Genius
When can one avail of the partial withdrawal benefit on the policy?
The partial withdrawal feature is enabled after a lock-in period of 5 years. A maximum of 25% of the fund value can be withdrawn for every policy year.
After this tenure, if the policy is active, a partial withdrawal of the funds can be made under the policy through one of the following modes – Systematic Withdrawal Plan, Chosen-rate Withdrawal Plan or CWP, and Index-based Withdrawal Plan (IWP).
What is the minimum maturity age for this policy?
The minimum maturity age for this policy will vary as per the plan option you have selected:
- iSIP Wealth: 18 years
- iSIP Young Genius: 28 years
What are wealth boosters under this policy?
Wealth boosters are additional benefits that are added to the fund value in units.
Every 5th policy year, starting from the end of 10th Policy year till the end of policy term, “x%” of the average of the Fund Values including Top-up Fund Value, if any, on the last business day of the last eight policy quarters will be added to the Fund value in the form of addition of units after every 5 years.
Where the “x%” is as follows:
Premium Payment Term |
Annualised/Single premium < INR 1,00,000 |
Annualised/Single premium INR 1,00,000 to < INR 5,00,000 |
Annualised/Single premium >= INR 5,00,000 |
Single Pay |
1.00% |
1.50% |
2.00% |
5 to 6 years |
1.00% |
1.50% |
2.00% |
7 to 9 years |
1.25% |
1.75% |
2.25% |
>=10 years |
1.50% |
2.00% |
2.50% |
Wealth Boosters will be allocated among the funds in the same proportion as the value of total units held in each fund at the time of allocation. Allocation of Wealth Boosters is guaranteed and shall not be revoked by the company under any circumstances.
Wealth Boosters are non-negative amounts and shall only be added if the policy is in force and all due premiums have been paid till date.
What are the riders available under this policy?
The following unit-deducting riders are available under this policy:
- Tata AIA Life Insurance Waiver of Premium (Linked) Rider - Linked, Individual, Health Insurance Rider (UIN: 110A026V02)
- Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider - Linked, Individual, Health Insurance Rider (UIN: 110A025V02)
- Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider - Linked, Individual, Health Insurance Rider (UIN: 110A027V02)
The following premium-paying riders are available under this policy:
Tata AIA Life Insurance Linked Comprehensive Health Rider - A Non-Linked, Non- Participating Individual Health rider (UIN: 110A031V03 or any later version)
Tata AIA Life Insurance Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health rider (UIN: 110A032V03 or any later version)
Tata AIA Vitality Health Plus - A Non-Linked, Non- Participating Individual Health rider (UIN: 110A047V02 or any later version)
- Tata AIA Vitality Protect Plus - A Non-Linked, Non- Participating Individual Health rider (UIN 110A048V03 or any later version)
What is the minimum basic sum assured I can pay towards my policy?
The minimum basic sum assured one can pay towards the policy is as follows:
- Single Pay – 1.25 times the Single Premium
- Regular or Limited Pay – 7 times the Annualised Premium
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
How can I file a claim under this savings 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
Should I file a claim at the same Tata AIA Life Insurance branch where the plan was bought?
No, it is not necessary to file the claim at the same Tata AIA Life Insurance branch where you purchased the plan. If you want to visit us and file a claim, take a look at and select any of the office branches nearest to you/your nominee.
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Disclaimer
- 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.
- ~Market-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.
- ^Riders 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.
- Tata AIA Life Insurance Waiver of Premium (Linked) Rider - Linked, Individual, Health Insurance Rider (UIN: 110A026V02), Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider - Linked, Individual, Health Insurance Rider (UIN: 110A025V02), Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider - Linked, Individual, Health Insurance Rider (UIN: 110A027V02), Tata AIA Life Insurance Linked Comprehensive Health Rider - A Non-Linked, Non- Participating Individual Health rider (UIN: 110A031V03 or any later version), Tata AIA Life Insurance Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health rider (UIN: 110A032V03 or any later version), Tata AIA Vitality Health Plus - A Non-Linked, Non- Participating Individual Health rider (UIN: 110A047V02 or any later version), Tata AIA Vitality Protect Plus - A Non-Linked, Non- Participating Individual Health rider (UIN 110A048V03 or any later version) are available under this plan
- #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 implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
- *All funds open for new business which have completed 5 years since inception are rated 4 or 5 stars by Morningstar on a 5 year basis as of Mar’2023
- @©2020 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 the data published on various dates and procured from various sources and (5) shall not be construed as a n 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 traducing decisions, damages or other losses resulting directly or indirectly from the information.
- ~~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 rider brochures 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.
- **On enrolling into the wellness Program, you get an upfront discount of 5% on first year premium for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care Benefits and of 10% on first year premiums of the other benefit options. The rewards are offered on cumulative basis and in any year, the maximum rewards in view of both the upfront rewards and annual rewards _ex together shall be 15% for Accidental Disability Care and 30% for all other benefit options. Discount is driven by accumulated points which is achieved through wellness status. Please refer policy document for more details.
- 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.
- %As on 30th April 2023, the company has a total Assets Under Management (AUM) of Rs. 73,538.61 Crores
- 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 Life Insurance Fortune Pro 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
- 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
- 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.
- The fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the “Company”).
- 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).
- 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.
- All Premiums, Charges, 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, charges 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.
- L&C/Advt/2024/Jan/0222
