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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: 110L111V03)

Tata AIAWealth Pro

Tata AIA Wealth Pro is a life insurance wealth plan which helps you create wealth over the medium-to-long term through consistent investment in equity markets. The 11 fund options to choose from and life cover under the policy gives you a comprehensive solution for wealth creation and financial protection.


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Plan Benefits

Market Linked# Returns 

Market Linked# Returns 

Grow your corpus with market linked# returns

Loyalty Additions##

Loyalty Additions##

Regular Loyalty Additions to boost investments

Flexible Premium Payment 

Flexible Premium Payment 

Flexibility to pay premium one time or for a limited period as per your choice

Multiple Fund Options

Multiple Fund Options

Choice of 11 funds options for your investment needs

Long Coverage

Long Coverage

Life insurance coverage up to 75 years of age.

Enhanced Systematic Money Allocation & Regular Transfer Investment Portfolio Strategy

Enhanced Systematic Money Allocation & Regular Transfer Investment Portfolio Strategy

Option to switch your investment between different funds under the same policy.

Get Tax~ Benefits

Get Tax~ Benefits

Get Income Tax~ benefits as per applicable Income Tax laws

Optional Riders

Optional Riders

Option to customize your plan with three additional unit deducting riders^  

Why Choose Tata AIA Life Insurance?

Faster Claim Settlement

Your claims are settled within 4 hours^^

Top Rated Funds

Our funds have been rated 4 or 5 stars@ by Morningstar**

The Tata AIA Assurance

98.53% Claim Settlement Ratio~~ in FY 2021 - 22

Save on Tax~

Save income tax as per applicable income tax laws

Plan Eligibility

Minimum Issue Age

0 years (30 days)

Maximum Issue Age

60 years

Minimum Maturity Age

18 years

Maximum Maturity Age

75 years

Policy Term

15 – 40 years

Premium Paying Term

Single Pay

Limited Pay – 5/7 and 10 years

Regular/Limited Pay – 15 and 20 years

Pay Mode

You can pay your premiums with Single, Annual, Semi-Annual, Quarterly, Monthly mode

Minimum Premium

Single Pay – ₹5,00,000

Regular/Limited Pay – ₹2,50,000 per annum

Maximum Premium

There is No Limit

Minimum Basic Sum Assured

For Single Pay – 1.25 times the Single Premium

For Regular/Limited Pay – Higher of (10*AP) or (0.5*Policy Term*AP)

Maximum Basic Sum Assured

For Single Pay – 1.25 times the Single Premium

For Regular/Limited Pay –


 

Entry Age Band

Maximum Multiple of AP

0 to 30 30
31 to 40 20
41 to 50 Higher of (Policy Term/2 or 15)
51 to 60 Higher of (Policy Term/2 or 10)

AP = Annualised Premium. It is the premium amount to be paid in a year and does not include taxes, rider premiums and underwriting extra premiums on riders, as applicable.

Documents Required

PAN card

Bank statement

(for the previous 6 months)

Salary Slip

Aadhar Card

Income Tax Reciept

Frequently Asked Questions

Generic Policy Cover Claim

What is a unit-linked insurance plan?

A unit-linked insurance plan is a life insurance plan that enables you to invest your money in different fund options offered under the policy. A unit-linked insurance plan offers market-linked returns and life insurance coverage under the same life insurance policy.

Do ULIPs offer guaranteed returns?

No, ULIPs do not offer guaranteed returns since the returns are market-linked and can fluctuate as per the market movements. However, such policies do enable you to choose from suitable fund options as per your risk profile and investment goal so that you can create and grow your wealth through the investment.

Does ULIP offer death benefits?

Yes, a Unit-Linked Insurance Plan offers death benefits in the form of the sum assured, which is payable if the policyholder passes away during the policy term.

What documents would I require to buy an insurance policy?

You will have to submit the following mandatory documents to buy an insurance policy.

Proof of address:

The following documents are accepted as valid proof of your address.

  • Bank Statement (or passbook) with the latest entries for six months 
  • Aadhaar card
  • Passport
  • Voter's ID
  • Driver's license
  • Electricity/telephone bill
  • Ration card

Proof of identity:

Some of the documents that are accepted as valid proof of your identity include:

  • PAN card
  • Aadhaar card
  • Passport
  • Driving license

Documents showing proof of income:

These documents, which are required only for a few plans, include:

  • Salary slips of the previous 3 months
  • Income tax returns/Employer certificate
  • Bank statement of the previous 6 months
  • Latest Form 16

What are the premium payment terms offered under Tata AIA Life Insurance Wealth Pro?

The premium payment terms offered under Tata AIA Wealth Pro are:

  • Single Pay
  • Limited Pay – PPT of 5 years, 7 years, 10 years, 15 years, 20 years
  • Regular/Limited Pay – PPT corresponding to Policy Term of 15 and 20 years, respectively.

How long does the cover offered by Tata AIA Wealth Pro last? 

The cover offered by the Tata AIA Wealth Pro plan is valid till you attain 75 years of age.

How will the minimum basic sum assured of the Tata AIA Wealth Pro be calculated?

The minimum basic sum assured for the Tata AIA Wealth Pro will be calculated as follows s –

Single Pay – 1.25 times the Single Premium

For Regular/Limited Pay – Higher of (10* Annualised Premium ) OR (0.5*Policy Term*Annualised Premium)

How will the maximum basic sum assured of the Tata AIA Wealth Pro be calculated?

The minimum basic sum assured for the Tata AIA Wealth Pro will be 1.25 times the Single Premium for Single Pay, while the entry age band will determine the maximum multiple of the Annualised Premium for the Regular and Limited Pay policies. Refer ‘Plan Eligibility’ section above for details

Can I calculate my ULIP returns online?

Yes, ULIP returns can be calculated online with the help of a ULIP return calculator available on the official website of Tata AIA Life Insurance. This online and free-of-cost tool helps you factor in inflation and interest rates to give you an estimate of your expected returns.

How can I raise a claim under this life insurance wealth policy?

you can choose any of the following channels to reach out to us and raise a claim.

 

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

Do I need to file death benefits claim under the Tata AIA Wealth Pro plan?

Your nominee will have to file death benefits claim under this policy after your demise within the policy term. They can do so by submitting the documents to us online or through email.

Should I file a claim to make partial withdrawals from my funds?

No, withdrawing money from your investment funds after a period of 5 years from the date of the wealth policy being issued does not require a claim. You can withdraw the funds completely or partially as per your needs by notifying us about the withdrawal. There are no charges associated with 4 partial withdrawals each year.

Can my nominee file a claim from another country?

Yes, your nominee can file a claim from abroad either on our official website or send us the required claim documents via email. If they want to file the claim offline, they can send the documents to their representative in India, who can visit any of our office branches and submit the documents.

Disclaimer

  • The complete name of Tata AIA Wealth Pro is Tata AIA Life Insurance Wealth Pro (UIN: 110L111V03) - Unit Linked, Individual Life Insurance Savings Plan
  • ^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.
  • ~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 implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
  • 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
  • #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
  • ##Loyalty Additions will be credited only if Policy is in-force and all due premiums have been paid. For Regular Pay, additional units @ 0.20% of units in each of the funds under Regular Premium Account will be credited (post deduction of applicable charges) to the respective funds every Policy Anniversary starting from eleventh (11th) Policy Anniversary till end of Policy Term. For Single Pay, additional units @ 0.35% of units in each of the funds under the Single Premium Account will be credited (post deduction of applicable charges) to the respective funds every policy anniversary starting from sixth (6th) Policy Anniversary till end of Policy Term. Loyalty Additions are not payable on Top-up Premium Account
  • @on a 5-year basis as of December 2021.
  • **©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 (4) 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.
  • ^^4 Hour claim processing is applicable for Tata AIA Life Insurance working days (Monday to Friday) up to 2 pm and also bank working days subject to submission of completed documents.
  • ~~Individual Life Claim Settlement Ratio is 98.53% for FY 2021 - 22 as per the latest annual audited figures.
  • Claims beyond three years from the date of issuance of policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later. Subject to all the relevant terms and conditions of the policy contract.
  • Claim Processing - All the relevant terms and conditions of the policy contract, including provisions in respect to claim procedure shall apply. Unit linked products; policies with unclaimed amounts or last premium payment not cleared are excluded.
  • Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Life Insurance Wealth Pro - Unit Linked, Individual Life Insurance Savings Plan (UIN: 110L111V03) - 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.
  • The underlying Fund's NAV will be affected by interest rates and the performance of the underlying stocks.
  • Please make your own independent decision after consulting your financial or other professional advisor.
  • 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.
  • 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.
  • L&C/Advt/2022/Oct/2418

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