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Tata AIA Smart SIP combines the advantages of wealth creation strategies with the essential protection of life insurance. This Unit Linked Insurance plan offers numerous benefits, including Zero premium allocation charges, flexible withdrawals, and an opportunity to invest in our top rated3 funds to grow your wealth.
With zero premium allocation charges, your entire investment goes into your chosen fund, maximizing returns from day one.
Invest in our top rated1 funds, recognized by Morningstar2 for strong performance over the years.
The payouts are tax4 exempted maximizing your returns efficiently.
You can switch between funds anytime, as often as you like, without any extra cost.
Generate a second income with flexible withdrawals after the lock-in period of 5 years, using options like Systematic Withdrawal Plan (SWP), Chosen-rate Withdrawal Plan (CWP), and Index-based Withdrawal Plan (IWP).
Women policyholders get an extra allocation (0.25% for single-pay, 0.5% for regular/limited pay), on their investment boosting their wealth creation from year one.
In case of an unforeseen event, future premiums are waived off5, keeping your investment intact and securing your financial goals without any burden on your loved ones.
Secure your family's financial future while enjoying market-linked returns for wealth growth.
Get income tax benefits on the premiums paid per applicable tax3 laws and save more.
|
Last 5 Years Returns6 |
Since Inception7 Returns |
||
Tata AIA Funds |
Fund Return (%)6 |
Benchmark Return (%)6 |
Fund Return (%)7 |
Benchmark Return (%)7 |
Multi Cap Fund |
32.27% |
24.05% |
20.25% |
12.64% |
Top 200 Fund |
32.90% |
24.05% |
18.59% |
15.04% |
India Consumption Fund |
31.05% |
24.05% |
19.57% |
12.64% |
6Data as of March 31, 2025. Past performance is not indicative of future performance. • Fund Benchmark: Multi Cap Fund – S&P BSE 200; India Consumption Fund - S&P BSE 200; Top 200 Fund - S&P BSE 200. • SFIN: Multi Cap Fund – ULIF 060 15/07/14 MCF 110; Top 200 Fund - ULIF 027 12/01/09 ITT 110; India Consumption Fund - ULIF 06115/07/14 ICF 110.
7Inception Dates: Top 200 Fund: 12 Jan 2009, Multi Cap Fund: 05 Oct 2015, India Consumption Fund: 05 Oct 2015.
1. Wealth Secure – Maximize Your Investment
What it does:
You invest your full premium amount with zero allocation charges
Your money grows with market-linked8 returns.
You can switch between funds anytime to optimize growth.
Example – Mr. Sharma, a 35-year-old Working Professional:
Investment Amount: ₹1,00,000 (Annual Premium)
Investment Period: 10 years
Fund Chosen: Flexi Growth Fund II (100% allocation)
Life Cover: ₹10,00,000
How it works:
Mr. Sharma wants to save for retirement and decides to opt for the Wealth Secure plan. Over the next 10 years, his ₹1,00,000 is invested entirely into the fund of his choice without any premium allocation charges.
As the market fluctuates, Mr. Sharma switches funds to adapt to market conditions, aiming for higher returns.
On maturity, he receives the fund value accumulated, including any growth from his switches, and the life cover for his family.
2. Future Secure – Ensuring Your Family’s Plans Stay on Track
What it does:
If something unfortunate happens to you, your nominee gets the death benefit.
Tata AIA will cover all future premiums, so the policy and plan benefits continues.
Your family receives the policy benefits as planned.
Example – Mr. Shetty, a 35-year-old Businessman with a Newborn:
Investment Amount: ₹1,00,000 (Annual Premium)
Investment Period: 20 years
Fund Chosen: Flexi Growth Fund II (100% allocation)
Life Cover: ₹10,00,000
How it works:
Mr. Shetty wants to save for his daughter’s education and decides to opt for Future Secure. After contributing ₹1,00,000 annually, Mr. Shetty’s life cover ensures that, in case of an unfortunate event, his daughter will still receive the death benefit.
Additionally, Tata AIA covers all future premiums, ensuring the policy continues without Mr. Shetty having to contribute further.
At policy maturity, his daughter receives the maturity benefits, ensuring that she will have the money for her education or any other purpose.
3. Goal Secure – Safeguard Your Financial Goals
What it does:
In case of any unfortunate event, your family receives both:
The death benefit
The full fund value accumulated till that point
Example – Mr. Kumar, a 35-year-old Working Professional Saving for a House:
Investment Amount: ₹1,00,000 (Annual Premium)
Investment Period: 15 years
Fund Chosen: Flexi Growth Fund II (100% allocation)
Life Cover: ₹10,00,000
How it works:
Mr. Kumar, who wants to buy a house in the next 10 years, invests ₹1,00,000 annually under the Goal Secure option.
His family’s goal is secured as the fund value and death benefit both accumulate throughout the policy term.
4. Family Secure – Get Monthly Income for Your Loved Ones
What it does:
If something happens to you, your family gets a monthly income of 1% of the Base Sum Assured.
Tata AIA funds the future premiums, so the policy stays active.
Upon maturity, your nominee will receive the accumulated fund value.
Example – Mr. Rao, a 35-year-old Merchant with Young Children:
Investment Amount: ₹1,00,000 (Annual Premium)
Investment Period: 20 years
Fund Chosen: Flexi Growth Fund II (100% allocation)
Life Cover: ₹10,00,000
How it works:
Mr. Rao wants to ensure his family’s security if anything happens to him. He invests ₹1,00,000 annually under the Family Secure plan. If Mr. Rao passes away unexpectedly, his family will receive 1% of the base sum assured (₹10,00,000) as monthly income.
For example, his family will get ₹10,000 every month for the duration of the policy term (up to 120 months). Additionally, future premiums are covered by Tata AIA Life Insurance, so the policy continues.
Withdrawal Plan |
How It Works |
Best For |
Example |
Systematic Withdrawal Plan (SWP) |
Withdraw a fixed amount or percentage of your investment at regular intervals. |
Investors who need a steady stream of income from their investments. |
Amit withdraws ₹10,000 every month while his remaining investment continues to grow. |
Chosen-rate Withdrawal Plan (CWP) |
Set a target growth rate for your investment. Any returns above this rate are paid out. |
Ideal for those who want to withdraw only extra gains while keeping their base investment intact. |
Neha sets an 8% target return. If her fund grows 12%, she gets the extra 4% as a payout. |
Index-based Withdrawal Plan (IWP) |
Link your withdrawals to a stock market index. If your fund grows more than the index, the extra is available for withdrawal. |
Investors who want their withdrawals tied to market performance. |
Rahul links his fund to Nifty 50. If his investment grows 15% while Nifty grows 10%, he can withdraw the additional 5%. |
Once the lock-in period concludes, you have the freedom to choose a withdrawal strategy that aligns with your financial goals. Here are some options available within the Tata AIA Smart SIP Plan.
Know your Plan
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 |
Wealth Secure and Goal Secure – 30 days for Single Pay/Limited Pay/ Regular Pay Future Secure and Family Secure –18 years for Limited Pay/ Regular Pay |
Minimum Sum Assured |
Up to age 49
|
Minimum Maturity Age |
Wealth Secure and Goal Secure - 18 years |
Age as on last birthday
Definition:
Single Pay: Pay the complete premium amount once at the start of the policy.
Limited Pay: Pay premiums over a specified, shorter period, while enjoying policy benefits for the complete policy term.
Regular Pay: Pay your premiums regularly as per the option selected (Single, Annual, Semi-Annual, Quarterly, Monthly), throughout the entire policy term.
Fund Managers
Assets Under Management9
All funds rated 4 or 5 by stars1 by Morningstar2
Presence across major cities in India
Families protected so far10
Individual death Claim Settlement Ratio11
Our experts are happy to help you!
Smart SIP FAQs
A good time to start a ULIP plan like Smart SIP is early in your life. This allows you to:
Smart Investment Plans offer a combination of benefits:
Investment opportunities: Invest in a variety of funds based on your risk tolerance to potentially achieve your financial goals.
Market-linked returns: Your returns are linked to the market performance8, offering the potential for higher returns compared to traditional savings plans.
Life insurance coverage: Provides financial security for your loved ones in case of an unfortunate event.
No, minimum returns are not guaranteed in Smart SIP mutual funds or any other market-linked investment. The performance of your investment will depend on the chosen funds and market fluctuations. However, our fund managers work to give you the best possible returns on your investment.
Partial withdrawals are allowed after a lock-in period of 5 years. You can withdraw a maximum of 25% of the fund value each policy year. After this period, you can utilize various systematic withdrawal options like SWP (Systematic Withdrawal Plan) or CWP (Chosen-rate Withdrawal Plan) to access your funds.
The minimum maturity age depends on the plan option you select:
Wealth Secure and Goal Secure - 18 years
Future Secure and Family Secure - 28 years
Tata AIA Smart SIP offers a variety of riders to customize your coverage. The below riders are available with this plan
Tata AIA Life Insurance Waiver of Premium (Linked) Rider - Linked, Individual, Health Insurance Rider (UIN: 110A026V03 or later)
Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider - Linked, Individual, Health Insurance Rider (UIN: 110A025V03 or later) - Not available with Future Secure and Family Secure plan option
Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider - Linked, Individual, Health Insurance Rider (UIN: 110A027V03 or later)
Tata AIA Life Insurance Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health rider (UIN: 110A032V04 or any later version)
Tata AIA Vitality Health Plus - A Non-Linked, Non- Participating Individual Health rider (UIN: 110A047V03 or any later version)
Tata AIA Vitality Protect Plus - A Non-Linked, Non- Participating Individual Health rider (UIN 110A048V04 or any later version)
For details on claim settlement documents, please click here.
You can file a claim with Tata AIA Life Insurance through various channels:
Email: customercare@tataaia.com
Phone : 1860-266-9966
Branch Visit: Locate a branch near you.
Mail: Write directly to this address -
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
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 Smart SIP - Non-Participating, Unit Linked Individual Life Insurance Savings Plan (UIN:110L174V01)
*5-year computed NAV for Multi Cap Fund as of March 2025. Other funds are also available. Benchmark of this fund is S&P BSE 200. 
1All funds open for new business which have completed 5 years since inception are rated 4 star or 5 star by Morningstar as of December 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.
3ULIP policies issued on or after 1st February 2021 if the amount of aggregate annual premium payable in the financial year for all such policies does not exceeds INR 2,50,000/-. Subject to fulfillment of conditions mentioned in 10(10D).
Any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy, will be exempt if Life insurance policy issued on or after the 1st day of April, 2012 in respect of which the premium payable for any of the years during the term of the policy does not exceeds ten per cent of the actual capital sum assured (20 % in case of policy issued before 01st April 2012).
Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment 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
4Assuming customer falls under highest tax slab
5Waiver of premium is available only in Future Secure and Family Secure option under TATA AIA Smart SIP.
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.
9As on 31st December 2024, the company has a total Assets Under Management (AUM) of ₹119,602.78 Crores
1085,76,889 families protected till 31st December 2024.
11Individual Death Claim Settlement Ratio is 99.13% for FY 2023-24 as per the latest annual audited figures.
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: 110A026V03 or later), Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider - Linked, Individual, Health Insurance Rider (UIN: 110A025V03 or later)- Not allowed to be attached under Future Secure and Family Secure, Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider - Linked, Individual, Health Insurance Rider (UIN: 110A027V03 or later), Tata AIA Life Insurance Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health rider (UIN: 110A032V04 or any later version), Tata AIA Vitality Health Plus - A Non-Linked, Non- Participating Individual Health rider (UIN: 110A047V03 or any later version), Tata AIA Vitality Protect Plus - A Non-Linked, Non- Participating Individual Health rider (UIN 110A048V04 or any later version) are available under this plan.
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 Smart SIP 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/2025/Apr/1769
FOR EXISTING POLICY 
FOR NEW POLICY 
