TATA AIA Life Insurance Premier SIP Plan

Plan highlights

Premium starts

₹1,000/month

What's covered

• ✓Market-Linked Investment Opportunity: The Smart SIP plan puts money into funds that are linked to the market, giving policyholders a chance to take part in possible market growth.
• ✓Life Insurance Coverage: The policy contains life insurance that will pay for the policyholder's beneficiaries if the policyholder dies.
• ✓Accidental and Disability Protection: Health Buddy is the integrated Accidental and Disability Protection layer under this plan. It ensures that the financial goals of your SIP aren't derailed by medical emergencies or loss of income due to accidents. It offers protection against accidents and disabilities, including rewards for accidental death and total and permanent disability.
• ✓Zero Allocation Charges: The plan does not have any premium allocation fee, which enables the whole premium to be invested in the chosen funds.
• ✓Unlimited Fund Switching: The policyholders may also change the type of fund available to them at any point in time within the policy term without any extra switching fees.

Exclusions

• ✗Restrictions on liquidity: You can't make any withdrawals or surrenders for the first 5 years of the policy, per ULIP rules.
• ✗Early Exit Costs: If you stop your coverage early, you may get back less than the whole amount of premiums you paid.