Mumbai : Tata AIA Life
Insurance’s Premier SIP is witnessing growing adoption among investors focused
on goal-based investing. This strategy is reshaping how Indians approach
financial planning in 2025 The ULIP product appeals to those planning for
specific milestones, whether funding a child’s higher education, securing
retirement, or accumulating wealth for major life events, while maintaining
life insurance protection throughout the journey.
Key Features of Tata
AIA Premier SIP
•
Zero Allocation
Charges: This plan has zero
premium allocation charges, ensuring a larger share of your premium is invested
in your chosen fund option.
•
Premium Waiver
Benefit: Ensures continuation even when premium payment becomes
challenging due to critical circumstances.
•
Integrated Protection
& Growth: Combines life
insurance coverage with market-linked investment opportunities, helping you secure
your family’s future while building long-term wealth.
•
Comprehensive Wellness
Support: Extends beyond financial benefits to include
healthcare consultations, preventive checkups, and medical guidance.
Tata AIA Premier SIP operates as a Unit Linked
Insurance Plan where premium payments serve two distinct purposes. A portion
provides life insurance coverage for beneficiaries, while the remainder enters
market-linked funds with exposure to equity and debt instruments. This dual
structure of the ULIP plan
allows investors to pursue wealth accumulation through market participation
while simultaneously ensuring financial security for their families.
The plan’s approach to allocation charges
distinguishes it from conventional ULIPs. Many traditional products deduct
allocation fees from initial premiums, reducing the amount available for
investment during the early policy years. Tata AIA Premier SIP eliminates these
charges entirely, directing the full premium toward the chosen investment fund
from the outset. For investors with long-term horizons, this immediate capital
allocation can influence corpus growth significantly.
The Premium Waiver Benefit addresses
continuity concerns for systematic investors. When a policyholder is diagnosed
with a critical illness or disability, the provision waives future premiums
while keeping the policy active. This mechanism preserves the investment plan
during periods when premium payment may not be feasible, preventing policy
lapses that could otherwise disrupt long-term financial objectives.
The plan incorporates wellness components
alongside its financial structure. Policyholders gain access to
teleconsultations with medical professionals, opportunities for second medical
opinions on health matters, preventive health assessments, and reduced rates on
pharmaceuticals and diagnostic procedures. This integration reflects an
understanding that financial planning intersects with health management,
particularly over extended policy tenures.
The Smart Lady Benefit provides female
policyholders with an additional 0.5% in fund units on first-year premiums
under specified payment structures. This provision recognises the value of
encouraging women’s participation in systematic wealth creation and addresses
gender considerations in financial planning.
This investment plan
gives the investor several withdrawal options (i.e., investment withdrawal
options) after completing the mandatory five-year lock-in period. The three
options available for withdrawals are designed to address specific financial
needs:
•
The Systematic Withdrawal
Plan (SWP) enables periodic withdrawals either as a fixed amount or as a
predetermined percentage of the value of the investment. This provides a
supplemental income during your working years or after your working years.
•
The Chosen-rate
Withdrawal Plan (CWP) enables investors to establish target growth rates. The
returns exceeding that threshold are available for withdrawal while the core
corpus continues compounding at the desired pace.
•
Index-based Withdrawal
Plan (IWP) links withdrawal timing to market performance, releasing funds when
portfolio valuations surpass selected benchmark indices.
Fund switching provisions allow policyholders
to reallocate investments among available fund options in response to changing
market dynamics or evolving financial priorities. These switches occur without
tax implications or additional transaction charges, supporting dynamic
portfolio management across the policy tenure.
Current tax regulations provide deductions on
premium payments and tax exemptions on maturity proceeds, subject to prevailing
statutory conditions. This tax treatment enhances the plan’s efficiency for
long-term wealth accumulation strategies.
Eligibility extends to individuals aged 18
through 50 years, with policy terms available up to 50 years. This range
accommodates varied life stages, from early-career professionals initiating
their investment discipline to mid-career individuals consolidating retirement
preparations.
Optional riders, including Terminal Illness
with Term Booster, Accidental Death Benefit, and Accidental Total and Permanent
Disability coverage, provide enhanced protection layers. These supplementary
benefits address specific risk scenarios that policyholders may prioritise
based on their circumstances and risk assessment.
The product’s reception among working
professionals reflects broader patterns in contemporary financial planning.
Today’s investors increasingly seek solutions that connect systematic saving
with defined objectives rather than general wealth accumulation. They value
investment vehicles that offer market participation, address protection needs
and are flexible to accommodate changing circumstances. The systematic
investment approach removes market timing pressures, while the insurance
component provides continuity assurance. For investors mapping their financial
futures around specific goals, these characteristics align well with planning
requirements.
Tata AIA Premier SIP is a combination of the
Tata AIA Smart SIP, a non-participating, unit-linked, individual life insurance
savings plan (UIN: 110L174V02), 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.
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
