Tata AIA Life Insurance offers an
innovative investment plan, the Tata AIA Premier SIP, which seamlessly blends
systematic investing with life and health insurance protection. With this
unique offering, individuals can grow their wealth steadily while ensuring the
financial well-being of their families.
Key Highlights
·
The Tata AIA Premier SIP
combines mutual fund investment growth potential with life and health insurance
coverage to meet both investment and security needs.
·
Ensures that 100% of the
premiums are invested toward fund growth, and policyholders can switch funds at
any time.
·
Future premiums are waived when
the policyholder dies or becomes disabled, keeping the investment protected
without additional financial burden.
·
Supports women’s financial
growth and empowerment by giving 0.5% additional fund units on the first-year
premium.
Tata AIA Premier SIP, a combination of the
Tata AIA Smart SIP, a Non-participating, Unit-linked, Individual Life Insurance
Savings Plan (UIN: 110L174V01), and Tata AIA Health Buddy, a Non-participating,
Non-linked, Individual Health Product (UIN: 110N183V01,) is a great bridge
between mutual fund investing and life insurance. Investing in mutual funds
allows investors to grow their wealth by participating in the market, but they
do not provide any financial protection against life’s uncertainties.
Alternatively, traditional life insurance does not offer market-linked growth,
but it does provide security. Through its ULIP
plan structure, Tata AIA Premier SIP offers market-linked returns along
with life cover and health benefits.
Tata AIA Premier SIP combines the benefits
of Tata AIA Smart SIP with Tata AIA Health Buddy. With them, you get a
comprehensive solution that covers wealth creation, asset protection, and
holistic well-being.
As a ULIP, it enables customers to invest
in top-performing, market-linked funds while enjoying life insurance coverage
under the same plan. By combining these advantages, individuals can
systematically create wealth, while also making sure their loved ones remain
protected in difficult times. The plan eliminates allocation charges, ensuring
every rupee of premiums is invested to maximise long-term wealth creation.
A zero allocation charge and unlimited fund
switch give policyholders complete transparency and control. They can change
their investment dynamically to adapt to changing market conditions or
financial goals without incurring extra fees. Upon death or disability, the
Waiver of Premium Benefit automatically waives all future premiums, protecting
your investment.
Moreover, Tata AIA Health Buddy offers
optional covers like Terminal Illness with Term Booster (TTB), Accidental Death
Benefit (ADB), and Accidental Total and Permanent Disability (ATPD). With these
features, your plan adapts to real-life contingencies and offers holistic
financial protection.
Apart from market-linked returns and
protection, Tata AIA Premier SIP includes health and wellness support, which
sets it apart. With teleconsultations, medical second opinions, and preventive
health check-ups, policyholders can stay proactive about their health. Plus,
customers get discounts on diagnostics, vaccinations, and medicines, making
healthcare management easier and more affordable.
A Smart Lady Benefit gives women
policyholders 0.5% extra fund units on their first-year premium (under Limited
and Regular Pay). The addition of this simple yet impactful feature will
facilitate the growth of wealth for women investors and help them achieve
greater financial independence.
After the initial lock-in period,
policyholders may access their funds through various withdrawal options, such
as the Systematic Withdrawal Plan (SWP), Chosen-rate Withdrawal Plan (CWP), or
Index-based Withdrawal Plan (IWP). With these smart methods, investors can
generate secondary income streams while keeping their core investments intact –
just like mutual funds but with insurance coverage.
This investment
plan is open to individuals aged 18 to 50 years, with flexible policy terms
up to 50 years. Depending on the customer’s preference, Limited Pay (5 to 20
years) and Regular Pay (10 to 50 years) options are available.
Tata AIA Premier SIP offers tax benefits
under prevailing laws on both premiums paid and returns received, enabling
policyholders to enhance savings while building wealth over time.
With these benefits, Tata AIA Premier SIP serves
as a complete solution for customers who are seeking more than just traditional
investment and insurance products. In one convenient plan, you get the security
of life and health insurance and the growth potential of mutual funds.
About Tata AIA Life
Tata AIA Life Insurance Company Limited
(Tata AIA) is a joint venture Company formed by Tata Sons Pvt. Ltd. and AIA
Group Ltd. (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position
in India and AIA’s presence as the largest, independent listed pan-Asian life
insurance group in the world, spanning 18 markets in the Asia Pacific region.
Tata AIA reported a total Premium Income of
INR 31,484 crore for FY25, up 23% from FY24. The Company continues to rank
among the Top 3 Private Insurers in Individual Weighted New Business Premium
(IWNBP) with an IWNBP income of INR 8,511 crore.
About the Tata Group
Founded by Jamsetji Tata in 1868, the Tata
group is a global enterprise, headquartered in India, comprising 30 companies
across ten verticals.
The group operates in more than 100
countries across six continents, with a mission ‘To improve the quality of life
of the communities we serve globally, through long-term stakeholder value
creation based on Leadership with Trust’. In 2023-24, the revenue of Tata
companies, taken together, was more than $165 billion. These companies
collectively employ over 1 million people.
Each Tata company or enterprise operates
independently under the guidance and supervision of its own board of directors.
There are 26 publicly listed Tata enterprises with a combined market
capitalisation of more than $365 billion as on March 31, 2024.
About AIA
AIA Group Limited and its subsidiaries
(collectively “AIA” or the “Group”) comprise the largest independent publicly
listed pan-Asian life insurance group. It has a presence in 18 markets
–wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR (3),
Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New
Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam,
Brunei and Macau SAR (4), and a 49 per cent joint venture in India. In
addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance
Co., Ltd.
The business that is now AIA was first
established in Shanghai more than a century ago in 1919. It is a market leader
in Asia (ex-Japan) based on life insurance premiums and holds leading positions
across the majority of its markets. It had total assets of US$305 billion as of
31 December 2024.
AIA meets the long-term savings, and
protection needs of individuals by offering a range of products and services
including life insurance, accident and health insurance and savings plans. The
Group also provides employee benefits, credit life and pension services to
corporate clients. Through an extensive network of agents, partners and
employees across Asia, AIA serves the holders of more than 43 million
individual policies and 16 million participating members of group insurance
schemes.
AIA Group Limited is listed on the Main
Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299”
for HKD counter and “81299” for RMB counter with American Depositary Receipts
(Level 1) traded on the over-the-counter market under the ticker symbol
“AAGIY”.
For further inquiries or media details,
please contact:
Media Contact:
Name: Niladri Bhattacharya Contact: niladri.bhattacharya@tataaia.com
Note: For details on products, associated
risk factors, terms and conditions please read Sales Brochure carefully before
concluding a sale.
