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ULIP for Health Benefits

Rising medical costs demand proactive healthcare planning. ULIP health benefit plans merge life cover with wealth creation for future medical ... Read more needs. Health benefits in ULIP offer comprehensive financial protection against uncertain medical expenses. This guide explains the importance of a ULIP plan for health benefits. Read Less

Rising medical costs demand proactive healthcare planning. ULIP health ...Read more benefit plans merge life cover with wealth creation for future medical needs. Health benefits in ULIP offer comprehensive financial protection against uncertain medical expenses. This guide explains the importance of a ULIP plan for health benefits. Read Less

Invest ₹15,000/month¹, Get ₹2.3 Cr tax-free⁷ returns (@19.87%)

All funds rated 4 or 5 stars²

Life cover + Wealth creation

Zero LTCG tax⁷

Zero premium allocation charge

In this policy, the investment risk in investment portfolio is borne by the policyholder

¹IIllustrative returns @4%: ₹13.1 Lakh | @8%: ₹31.8 Lakh
Past performance is not indicative of future performance. 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

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Pay (Total)

₹11,99,016

Get Maturity Benefit

Based on assumed rate of return

₹34.57 Lakh

As per actual past performance

₹70.50 Lakh

@20.37%

Additional Benefits

Life Cover (including Terminal Illness Cover): ₹22.8 Lakh

Accidental Death Cover: ₹11.43 Lakh

Accidental Total & Permanent Disability: ₹11.43 Lakh

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Tata AIA Premier SIP is designed for combination of Benefits of two individual and separate products named (1) Tata AIA Life Insurance Tata AIA Smart SIP - Non-participating, Unit-linked, Individual Life Insurance Savings Plan (UIN: 110L174V02) and Tata AIA Health Buddy - Non-participating, Non-Linked, Individual Health Product (UIN:110N183V01). Product option: Future Secure These products are also available for sale individually without the combination offered/suggested.

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Types of ULIP plans that give health benefits

Insurers do not provide dedicated health-specific ULIP products. Policyholders can choose plans aligned with their investment timelines, existing financial capabilities, and projected medical funding needs.

How ULIPs help with health-related expenses?

Here is how ULIPs help with health-related expenses:

Building health reserves
: Regular contributions sum up to a significant amount over time. This can create a fund for emergency health issues that may not be covered by a standard insurance policy.
Liquidity
: After five years, you can withdraw from the ULIP plan in case immediate medical situations arise, providing necessary capital in times of health crises without penalty or complications.
Tax-efficient savings
: The contributions are tax-deductible² under Section 80C of the Income Tax Act, 1961, and the withdrawals are tax-exempt under Section 10(10D).
Control of investments
: ULIPs provide flexibility to switch between market-linked4 and secure options depending on prevailing economic conditions and personal health funding timelines.

Health benefits you get from a ULIP

ULIP health benefits include life coverage ensuring family financial stability for medical bills, investment growth creating a healthcare corpus, flexible premium payments, and fund choices matching your financial situation. They also offer tax² savings under Sections 80C and 10(10D) of the Income Tax Act, 1961.

Our popular ULIP plans

Combination composition

Param Raksha Life Pro+ is designed for combination of Benefits of two individual and separate products named (1) Tata AIA Smart Sampoorna Raksha Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V02) and (2) Tata AIA Health Buddy, Non-Participating, Non-Linked, Individual Health Product (UIN: 110N183V01). These products are also available for sale individually without the combination offered/suggested.

Tata AIA

Param Raksha Life Pro +

Multi Cap Fund delivered 23.21% Returns (Benchmark: 16.65%)⁵
All funds rated 4 or 5 stars³ by Morningstar³
Unlimited free fund switches

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Combination composition

Premier SIP is designed for combination of Benefits of two individual and separate products named (1) Tata AIA Life Insurance Tata AIA Smart SIP - Non-participating, Unit-linked, Individual Life Insurance Savings Plan (UIN: 110L174V02) and (2) Tata AIA Health Buddy - Non-participating, Non-Linked, Individual Health Product (UIN:110N183V01). Product option: Future Secure These products are also available for sale individually without the combination offered/suggested.

Tata AIA

Premier SIP

No Premium Allocation Charges
Multi Cap Fund delivered 23.21% Returns (Benchmark: 16.65%)⁵
All Funds rated 4 or 5 stars³

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How to choose the right ULIP for health needs?

Let's understand how to choose the ULIP for health benefits:

01

Assess premium affordability

Evaluate your budget to determine sustainable premium amounts, as this directly impacts your accumulated corpus for health expenses.
02

Match investment horizon

Select a policy term aligned with when you anticipate needing healthcare funds, whether for upcoming procedures or long-term retirement medical needs.
03

Evaluate fund performance

Review historical returns of available funds and select options matching your risk appetite, whether conservative debt funds or aggressive equity allocations.
04

Compare policy charges

Examine mortality charges, fund management fees, and administration costs across insurers to identify cost-effective plans enhancing your corpus.
05

Calculate required corpus

Use a ULIP calculator to estimate the premium needed to build sufficient funds for your anticipated healthcare requirements and medical goals.
06

Review insurance coverage

Ensure the life cover amount adequately protects your family's financial needs in case of unfortunate events during the policy term.

Conclusion

ULIP plans can be useful for long-term healthcare planning because they combine life insurance with savings. Alongside life coverage, investors get access to market-linked investment opportunities. This helps build a savings fund for future medical requirements. Additionally, you have flexibility in investments and withdrawals after the lock-in period. Even though ULIP plans cannot replace healthcare insurance, they act as a supplementary financial resource.

Can ULIP be used for medical emergencies?

Yes, after five years, you can access accumulated wealth for urgent medical needs, though health insurance should remain primary emergency coverage

Do ULIPs cover critical illness treatments?

ULIPs create medical savings rather than providing treatment coverage; consider adding critical illness riders for specific disease financial protection.

Are ULIP maturity proceeds tax-free for health expenses?

Yes, maturity funds generally have tax² exemption under Section 10(10D), following premium limits and conditions defined in the Income Tax Act, 1961.

Can I switch funds in my ULIP for better health corpus growth?

Yes, many policies allow periodic fund reallocation, letting you switch investment strategies based on your needs and risk tolerance.

How does ULIP life cover benefit the family's healthcare needs?

If you pass away, death benefits provide your family with the necessary funds to manage medical bills, ongoing treatments, and expenses without financial burden.

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.
Premier SIP is designed for combination of Benefits of two individual and separate products named (1) Tata AIA Life Insurance Tata AIA Smart SIP - Non-participating, Unit-linked, Individual Life Insurance Savings Plan (UIN: 110L174V02) and (2) Tata AIA Health Buddy - Non-participating, Non-Linked, Individual Health Product (UIN:110N183V01). Product option: Future Secure These products are also available for sale individually without the combination offered/suggested.
Param Raksha Life Pro+ is designed for combination of Benefits of two individual and separate products named (1) Tata AIA Smart Sampoorna Raksha Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V02) and (2) Tata AIA Health Buddy, Non-Participating, Non-Linked, Individual Health Product (UIN: 110N183V01). These products are also available for sale individually without the combination offered/suggested.
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.
¹1Illustration shows a monthly premium of ₹15,000 for Tata AIA Premier SIP for a 30-year-old male, standard life, premium payment term: 10 years, policy term: 20 years in Future Secure plan option. 4% and 8% are assumed rates of return. 19.87% is the 5-year return of Nifty 500 Index as of October'25. Maturity amount: ₹23,75,740 at 4% returns, ₹43,20,914 at 8% returns and ₹2,33,98,560 at 19.87% returns. The fund value calculation is done by projecting the past returns of Nifty 500 Index after adjusting for all expenses in Tata AIA Premier SIP The above values have been calculated assuming 19.87% p.a. gross investment returns, which is the past 5-year return of Nifty 500 Index as of October'25
Some benefits are guaranteed, and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits, then these will be clearly marked “guaranteed’ in the illustration table on this page. If your policy offers variable benefits, then the illustrations on these pages 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.
²No Goods and Service Tax shall be applicable on Individual life insurance products as per prevailing laws. Tax laws are subject to amendments from time to time. If any imposition (tax or otherwise) is levied by any statutory or administrative body under the Policy, Tata AIA Life Insurance Company Limited reserves the right to claim the same from the Policyholder.
³All funds open for new business which have completed 5 years since inception are rated 4 star or 5 star by Morningstar as of August 2025.
©2025 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.
⁴Market-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.
⁵5-year computed NAV for Multi Cap Fund as of November 2025. Other funds are also available. Benchmark of this fund is S&P BSE 200.

Unit Linked Life Insurance products are different from traditional insurance products and are subject to risk factors. The premium paid in 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. The 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 fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the Company"). 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. 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). All investments made by the Company 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.
The fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the Company).
Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & the Unit linked insurance product with Tata AIA /Tata AIA Life Insurance as its prefix 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.
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.
Insurance cover is available under the product. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
L&C/Advt/2026/Jan/0397