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Tata AIA Premier SIP is 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,  Non-participating, Non-Linked, Individual Health Product (UIN:110N183V01). Both Tata AIA Smart SIP and Tata AIA Health Buddy are also available for sale individually.
 

Tata AIA Premier SIP

With Tata AIA Premier SIP grow your wealth steadily with our top-performing funds7. Get the benefits of disciplined investing, market-linked returns4, and long-term financial security. Start investing today for a fikar-free future!

Benefits of Tata AIA Premier SIP

  • Zero Allocation Charges

    In this plan, there are no allocation charges, allowing you to invest your entire premium in your chosen fund option.

  • Waiver of Premium Benefit

    In case of an unforeseen event, future premiums are waived off1, keeping your investment intact and securing your financial goals without any burden on your loved ones.

  • Critical Care support option with Health Buddy

    Medical Second Opinion with a range of services to ensure you’re never alone during your critical care journey

  • Doctor Teleconsultations

    Connect with top doctors with just a few clicks—anytime, anywhere

  • Preventive Health check up8 & discounted Vaccination

    Get preventive health check up which includes Thyroid & Diabetes profile, liver & kidney function tests. Order medicines from home and enjoy extra discounts

  • Smart Lady Benefit

    This plan offers 0.5% additional fund units with first year premium under (Limited and Regular Pay) to women policyholders, enhancing their investment growth at no extra cost.

  • Tax-Free Withdrawals

    The payouts are tax2 exempted maximizing your returns efficiently.

  • Generate Second Income

    Generate second income with smart withdrawal strategies, where you can withdraw money in a smart way while your investment keeps growing.

  • Unlimited Fund Switching

    You can switch between funds anytime, as often as you like, without any extra cost or additional tax levied3. This gives you complete control over your investments.

  • Increased Coverage

    Enhance your policy coverage with Health buddy benefits like Terminal Illness with Term Booster (TTB), Accidental Death Benefit (ADB), and Accidental Total and Permanent Disability (ATPD) for added financial protection.

  • Income Tax Benefits

    Get income tax benefits on the premiums paid per applicable tax2 laws and save more.


Flexibility at Your Fingertips with Multiple Partial Withdrawal Options

Once the lock-in period concludes, you have the freedom to choose a withdrawal strategy that aligns with your financial goals. Here are some options available within the Tata AIA Premier SIP Plan.
 

Dual-Color-Icons

Systematic Withdrawal Plan (SWP)

Maintain control by withdrawing a fixed amount or a specific percentage of your fund value at regular intervals.

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Chosen-rate Withdrawal Plan (CWP)

Prioritize growth by setting a desired growth rate for your investment. Any surplus exceeding this target rate will be distributed to you as a payout.

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Index-based Withdrawal Plan (IWP)

Link your withdrawals to market performance. Select an index as a benchmark. If your fund value surpasses the chosen index's growth, the excess amount becomes available for withdrawal.

Know your Plan

Plan Option - Future Secure

Minimum

Maximum

Entry Age

18 years

50 years

Policy Term 

10 years for 

Limited Pay/Regular Pay

50 years

Premium Payment Term

Limited Pay - 5 years

Regular Pay - 10 years

Limited Pay - 20 years

Regular Pay - 50 years

Premium Amount 

Limited Pay / Regular Pay - 1000 per month

2.5 Lakhs (Annually)

Maturity Age

28 years

60 - 80 years 

(depending on the age)

 

For Entry Age (Years)

Maximum Policy Term (Years)

For Premium Payment Term

Limited Pay: 5 to 9

For PPT Limited Pay 10+ / Regular Pay

18 to 20

50

50

21 to 25

70 - Current Age

50

26 to 30

70 - Current Age

50

31 to 35

65 - Current Age

80 - Current Age

36 to 40

65 - Current Age

75 - Current Age

41 to 45

60 - Current Age

75 - Current Age

46 to 50

Not possible

70 - Current Age

 

Age as on last birthday

See All See Less

Why Choose Tata AIA Life?

85 Lakh+

Families Protected5

500+ Branches

Presence across major cities in India

Pay your Way

Flexibility to choose premium payment mode as per convenience

Customizable Premium Payments for Savings Plans

1 Lakh Crore +

Assets Under Management (AUM)6

Definition:

  • Limited Pay: Pay premiums over a specified, shorter period, while enjoying policy benefits for the complete policy term.

  • Regular Pay: Pay your premiums regularly as per the option selected (Single, Annual, Semi-Annual, Quarterly, Monthly), throughout the entire policy term. 

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Frequently Asked Questions

  • What is Tata AIA Premier SIP?

    Tata AIA Premier SIP is a market-linked4 investment plan that helps you grow your wealth with our top-performing funds7 while offering financial security through disciplined investing. This plan is a combination of our best-selling plans Tata AIA Smart SIP and Tata AIA Health Buddy

  • Can I switch between funds in Tata AIA Premier SIP?

    Yes, you get unlimited free fund switches to manage your investment strategy based on market conditions and personal financial goals.

  • What is the Smart Lady Benefit in this plan?

    Women policyholders receive an extra 0.5% allocation of fund units with the first-year premium, enhancing their investment growth at no additional cost.

  • Can I enhance my policy coverage withHealth Buddy product ?

    Yes, this solution comes with inbuilt Health buddy benefits like Terminal Illness with term Booster(TTB), Accidental Death Benefit (ADB), and Accidental Total and Permanent Disability (ATPD) to increase financial protection for yourself and your family. This plan offers disability cover and Accidental cover to protect your family.

  • Disclaimer
    • 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.
    • Tata AIA Premier SIP is 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,  Non-participating, Non-Linked, Individual Health Product (UIN:110N183V01). Both Tata AIA Smart SIP and Tata AIA Health Buddy are also available for sale individually.
    • This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer the detailed sales brochure of respective individual products mentioned herein before concluding sale.
    • 1Waiver of premium is available only in Future Secure option under Tata AIA Smart SIP.
    • 2ULIP policies issued on or after 1st February 2021 if the amount of aggregate annual premium payable in the financial year for all such policies does not exceeds INR 2,50,000/-.  Subject to fulfillment of conditions mentioned in 10(10D).
    • Any sum received under a life insurance policy, including the sum allocated by way of bonus on such policy, will be exempt if Life insurance policy issued on or after the 1st day of April, 2012 in respect of which the premium payable for any of the years during the term of the policy does not exceeds ten per cent of the actual capital sum assured (20 % in case of policy issued before 01st April 2012).
    • 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 implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you
    • 3Assuming customer falls under highest tax slab
    • 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.
    • 585,76,889 families protected till 31st December 2024.
    • 6As on 31st December 2024, the company has a total Assets Under Management (AUM) of ₹119,602.78 Crores
    • 7All funds open for new business which have completed 5 years since inception are rated 4 star or 5 star by Morningstar as of December 2024.
    • 8Health check-up includes Thyroid Profile, HbA1C, BSL, Cholesterol, BMI, Vit B12, Vit D, CBC (For Woman -Additional Test for Anaemia, PCOS, PAP Smear)For more details on benefits, premiums, and exclusions under the Health Buddy , please contact Tata AIA Life's Insurance Advisor/Intermediary/ branch.
    • 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.
    • Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Life Insurance Smart SIP 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.
    • 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.
    • Please make your own independent decision after consulting your financial or other professional advisor
    • Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Please know the associated risks and the applicable charges, from your Insurance Agent or Intermediary or Policy Document issued by the Insurance Company.
    • 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 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.
    • Premium paid in the 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.
    • 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.
    • The fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the “Company”).
    • 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).
    • 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.
    • All Premiums, Charges, and interest payable under the policy are exclusive of applicable taxes, duties, surcharge, cesses, or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium, charges or interest. Tata AIA Life shall have the right to claim, deduct, adjust, and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy.
    • L&C/Advt/2025/Aug/2813