Tata AIA Life Insurance Monthly Insurance Plan(MIP)

Product Overview

We all have dreams in life like owning a house, buying a dream car or going on a vacation; at the same time, planning for Children's Education, their Marriage, our Retirement and settlement of outstanding debts. Achieving all these dreams may seem like an uphill task, but it’s possible, if we are prepared for it.

Step by Step investing small sums of money every month over a period of time, in a disciplined manner, will help your money to grow, so you can fulfill your dreams.

To assist you realize your dreams, we present to you, Tata AIA Life Insurance Monthly Insurance Plan (MIP), a plan that helps you save monthly for a limited period to create big corpus for your future needs. Besides this, you get Guaranteed Yearly Additions and Bonuses to further enhance your savings along with Life cover and Tax Benefits.

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Mail us for any product information or queries on product.helpline@tataaia.com


Key Features


  • Build up a corpus for your future goals with monthly savings
  • Get Guaranteed Yearly Additions accrued at the beginning of each policy year
  • Get Compounded Revisionary Bonus and Terminal Bonus to further enhance your savings
  • Receive a lump sum benefit at maturity of the Policy
  • Protection for your family

  • Get life cover of at least 10 times the annualised premium for the entire policy term
  • Enhance your life cover with optional Rider
  • Liquidity

  • Avail loan facility to meet unforeseen needs
  • Tax benefits

  • Get tax benefits on investment and on returns, as per the applicable income tax laws

Premium Calulator


  • The brochure is not a contract of insurance. The precise terms and conditions of this plan are specified in the policy contract available on Tata AIA Life website.
  • 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 total premium paid.
  • This product brochure should be read along with sales Illustration
  • This product is underwritten by Tata AIA Life Insurance Company Ltd. This plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.
  • Insurance cover is available under this product
  • 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.


IRDA of India clarifies to public that

  • IRDA of India or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDA of India does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.