Tata AIA ULIP Plans

Types of ULIP Plans Offered by Tata AIA Life Insurance

1. Tata AIA Life Capital Guarantee Solution

   Tata AIA Capital Guarantee Solution is an offering that combines Tata AIA Life Insurance Smart Income Plus (Non-Linked, Non-Participating, Individual Life Insurance Savings Plan) with Tata AIA Life Insurance Fortune Pro (Unit Linked, Individual Life Insurance Savings plan) / Tata AIA Life Insurance Wealth Pro (Unit Linked, Individual Life Insurance Savings plan).

   This solution enables you to establish a thorough financial safety net for your loved ones and your wealth-building goals. Ensure the protection of the entire premium amount paid with guaranteed coverage, and experience market-linked returns upon maturity, all while safeguarding your family members with a life cover.

   Key Features and Benefits of the Plan:

   • Guaranteed Protection: Ensure the safety of all paid premiums with guaranteed returns.

   • Market-Linked Returns: Build long-term wealth through market-linked returns by investing in chosen investment funds.

   • Life Cover: Provide financial security for your family with an increasing life cover in case of unfortunate events.

   • Flexible Death Benefit Payout: Choose between a lump sum, regular income, or a combination for the death benefit payout.

   • Flexibility in Guaranteed Amount: Select 80%, 90%, or 100% of the guaranteed amount based on your annual premium.

   • Limited Payment Term: Pay premiums for 7 or 10 years with policy terms of 15 or 21 years, respectively.

   • Easy Liquidity: Make partial withdrawals after a 5-year lock-in period for increased financial flexibility.

   • Multiple Fund Options: Choose from a variety of top-rated funds for investment.

   • Tax Benefits: Enjoy income tax benefits in accordance with applicable income tax laws.

2. Tata AIA Life Smart Sampoorna Raksha

   Tata AIA Life Smart Sampoorna Raksha is a comprehensive investment plan designed to meet your long-term goals, including funding a child's education, planning for retirement, and building wealth. This plan serves as a protective and savings solution, ensuring the security of your life goals through an appropriate life cover.
   Key Features of the Plan: 

   • This is an individual life insurance plan that is both unit-linked and non-participating.

   • Tata AIA's investment plan provides flexibility with a choice of 11 funds based on your risk preference, ranging from fixed-income to equity-oriented.

   • Safeguard your life objectives with a death benefit payout in case of untimely demise during the policy term.

   • Receive a refund of twice the mortality charges starting from the 11th year of the policy.

   • Get a refund of twice the premium allocation charges in the 10th, 11th, and 12th years of the policy.

   • Choose between regular or limited premium payment options of 5, 10, or 12 years under this term insurance plan.

   • Enjoy tax benefits as per the provisions of the Income Tax Laws.

3. Tata AIA Life Fortune Pro

   Tata AIA Fortune Pro is a linked unit non participating investment plan, offering increased authority over your financial destiny. This plan empowers you to ensure a stable financial future, allowing you to achieve long-term objectives like buying a home or creating a lasting legacy for your children.

   Key Features of this Plan:

   • Flexible-Premium Option:

     • Choose from various policy terms and premium payment tenures.

     • Select your preferred premium payment mode to align with your financial goals.

   • Optional Riders:

     • Opt for optional rider benefits to enhance coverage.

     • Safeguard your family from unforeseen events or enjoy premium discounts when needed.

   • Planned Investment:

     • Align your investment portfolio with Tata AIA Life Insurance Enhanced Smart Portfolio Strategy.

     • Utilise a systematic transfer plan for structured growth in a volatile equity market.

   • Tax Benefits:

     • Premiums paid are eligible for tax deduction under Section 80C of the Income Tax Act.

     • Death benefits and maturity benefits are tax-free under Section 10(10D) of the Income Tax Act, as per policy terms and conditions.

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4. Tata AIA Life Insurance Fortune Maxima

   Tata AIA Life Insurance Fortune Maxima is a Non-participating, Unit Linked Individual, Whole of Life Insurance Savings Plan. It is a suitable option for individuals seeking wealth accumulation through market-linked investments while securing their family's future with life insurance coverage throughout their lifetime.

   Key features of Fortune Maxima:

   • Whole life insurance cover: Protection till 100 years of age.

   • Market-linked returns: Invest in chosen funds for potential wealth growth.

   • Choice of investment options: Debt, equity, and balanced funds to suit your risk appetite.

   • Flexible premium payment terms: Single pay, limited pay, or regular premium options.

   • Loyalty additions: Receive additional units in your chosen funds from the 11th policy year onwards.

   • Optional riders: Enhance your coverage with additional benefits like waiver of premium, critical illness cover, and accidental death benefit.

   • Tax benefits: Premiums paid and maturity proceeds may qualify for income tax benefits under applicable laws.

5. Tata AIA Life Pro - Fit Solution

   Tata AIA Pro-Fit Solution is a unit-linked insurance plan (ULIP) that combines health cover, wellness benefits, life cover, and wealth creation through market-linked investments. It essentially provides a comprehensive package for both your health and financial needs.

   Key Features of this Plan:

   • Health Cover:

     • Hospitalisation benefit: Pays a fixed amount for hospitalisation due to illness or injury, with no deductibles.

     • Critical illness benefit: Provides a lump sum payment if diagnosed with a critical illness covered under the plan.

     • Daycare procedures benefit: Covers expenses for specific day care procedures.

     • Ambulance benefit: Reimburse ambulance expenses up to a certain limit.

   • Wellness Benefits:

     • Preventive health checkups: This covers the cost of preventive health checkups at regular intervals.

     • Vaccination benefit: Reimburses expenses for vaccinations recommended by the Indian Academy of Pediatrics or the Ministry of Health.

     • Health education programs: Provides access to health education programs and resources.

   • Life Cover:

     • Life insurance: Offers a death benefit to your beneficiaries in case of your unfortunate demise.

     • Accidental death benefit (optional rider): Provides an additional payout in case of accidental death.

   • Wealth Creation:

     • Investment in unit-linked funds: A portion of your premium is invested in your chosen unit-linked funds, offering potential market-linked returns for wealth accumulation over the long term.

     • Choice of investment options: Choose from various debt, equity, and balanced funds to suit your risk appetite and financial goals.

     • Loyalty additions: Receive additional units in your chosen funds from the 5th policy year onwards.

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6. Tata AIA Life Insurance InvestOne

   Tata AIA Life Insurance InvestOne is a non-participating unit-linked insurance plan (ULIP) that focuses on maximizing returns through market-linked investments while also providing life insurance coverage. 

   Key Features of this Plan:

   • Market-linked investment:

     • Choice of 8 funds: Invest your premium in various equity, debt, and balanced funds based on your risk tolerance and financial goals.

     • 2 investment portfolio strategies: Opt for Dynamic Asset Allocation (automatic adjustments based on market conditions) or choose your preferred fund allocation.

   • Life insurance cover:

     • Provides a death benefit to your beneficiaries in case of your unfortunate demise.

     • The sum assured amount chosen at policy inception determines the death benefit.

   • Additional benefits:

     • Guaranteed Maturity Addition: Receive a guaranteed bonus on top of your maturity benefit to boost your corpus.

     • Loyalty Additions: Get additional units in your chosen funds from the 6th policy year onwards.

     • Premium Allocation Charges: Lower than typical ULIPs, ensuring more of your premium gets invested.

     • Flexible policy term: Choose a term between 5 and 25 years based on your needs.

     • Tax benefits: Premiums paid and maturity proceeds may qualify for income tax benefits under applicable laws.

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7. Tata AIA Life Insurance Super Achiever

   Tata AIA Life Insurance Super Achiever is a non-participating unit-linked child endowment plan. This means it combines features of both life insurance for your child and market-linked investments for future financial goals.

   Key Features of this Plan:

   • Provides a death benefit to your child's nominated beneficiary in case of your unfortunate demise during the policy term.

   • A portion of your premium gets invested in your chosen unit-linked funds, offering potential market-linked returns for wealth accumulation over the child's lifetime.

   • You can choose from 8 different fund options ranging from 100% debt to 100% equity to suit your risk appetite and financial goals.

   • Investment risk lies with the policyholder, unlike participating plans.

   • Receive a guaranteed bonus on top of your maturity benefit to boost your child's corpus.

   • Increase your investment and potential returns by making additional payments over the policy term.

   • Choose a term between 10 and 20 years based on your child's needs and goals.

   • Premiums paid and maturity proceeds may qualify for income tax benefits under applicable laws.

Conclusion

Tata AIA ULIP plans offer a dual benefit: life insurance protection and the potential for market-linked investment growth. They are a good option if you seek protection and growth, but thorough research and financial advice are crucial.

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