Do I need to purchase separate life insurance with my ULIP?

No, you do not need to purchase a separate policy for life insurance coverage if you have a Unit-Linked Insurance Plan.

What is partial withdrawal in a Unit-Linked Insurance Plan?

ULIPs come with a lock-in period of 5 years, after which you are allowed to make partial withdrawals from the funds accumulated in your investment.

Is it possible to surrender your Unit-Linked Insurance Plan?

Yes, you can surrender your Unit-Linked Insurance Plan before the end of the policy term if you really need to do so.

How many partial withdrawals are allowed under the Tata AIA Smart Sampoorna Raksha?

You are allowed to make up to 4 partial withdrawals for each policy year after 5 policy years from the date of the policy issuance.

How can I receive my maturity benefits from the Tata AIA Smart Sampoorna Raksha?

You can choose to receive your maturity benefit from the policy either as a lump sum or in the form of instalments during a 5-year settlement period that starts on the policy maturity date.

How is the Net Asset Value calculated?

The Net Asset Value (NAV) of your funds will be calculated as: Market value of the investment in the fund + value of current assets - (value of existing liabilities, if any).

What is premium redirection?

Premium redirection is a feature that allows you to allocate upcoming premiums to a different investment or set of funds.

What is the policy term I can choose under this Unit-Linked Insurance Plan?

You can choose a policy term of between 30 – 40 years under the Tata AIA Smart Sampoorna Raksha, as per your preference of life cover.

What is the premium paying term under the Tata AIA Smart Sampoorna Raksha?

Limited Pay – 5 / 10/ 12 years, Regular Pay (equal to Policy Term).

What is the maturity benefit to be received from this Unit-Linked Insurance Plan?

If you survive the policy term and the policy has not been surrendered, you will be eligible for a maturity benefit that comprises the total fund value of your investments in the policy as well as the top-up premium fund.

Do I need to file a claim while making partial withdrawals from my funds?

No, there is no need to file a claim to make partial withdrawals from your ULIP fund. However, you can always reach out to our customer care team to understand the withdrawal process.

How do I file a claim with Tata AIA Life Insurance?

To file a claim with us, reach out to us via the following channels: 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.

What are the documents needed to file a claim under this ULIP?

Please - tataaia.com/customer-service/easy-claims.html to know the list of documents needed for the claim intimation and settlement process.

What can be done if a nominee passes away before the insured?

In case the nominee passes away before the insured’s death within the policy term, the insured can appoint another nominee who will manage the death benefit once received. .

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