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  • Tata Aia Wealth Solutions

    Life Insurance
    • Premiums as low as Rs.17/day for sum assured of Rs.1 crore*
    • Claim up to Rs. 1,50,000 deduction under section 80C**
    • Choose between annual and monthly premium payment options

    Every individual has dreams of living a comfortable life, providing the best education for his/her children, buying a house, etc. You can fulfill your dreams only if you have a good financial strategy throughout your employment years. One of the significant steps in financial planning is investing in an insurance plan that provides you life insurance coverage and substantial savings.

    Tata AIA Life has configured insurance plans that do just that; their range of Wealth Creation Plans are customised to offer considerable returns to customers through market-linked investments. Tata AIA wealth solutions also provide a good amount of liquidity and are ideal for risk-savvy customers.

    Benefits of Tata AIA Wealth Solutions

    • Tata AIA Wealth Solutions provide the customer a chance to participate in the investment market on the basis of his/her investment strategy and risk appetite.
    • These plans offer dual benefits of life coverage and and market returns.
    • In the event of policy maturity, the life assured receives the fund value as maturity benefit.
    • All the wealth creation plans offered by Tata AIA Life Insurance enable the policyholder to withdraw partially from the fund in case of emergencies.
    • The family of the life assured receives a substantial death benefit in the event of death.
    • A policyholder can pay top-up premiums to enhance the plan coverage.
    • Fund switching and premium redirection facilities are offered by these unit linked insurance plans (ULIPs).
    • Premium can be paid at regular intervals, i.e. annual, semi-annual, quarterly, or monthly frequencies, or as a single payment.

    List of Wealth Creation Plans provided by Tata AIA Life

    Tata AIA provides a variety of wealth creation plans for its vast customer base. An individual can analyse the inclusions and exclusions within the plans and select one that best suits his/her needs. The Tata AIA wealth solutions are as follows:

    1. Tata AIA Life Insurance InvestOne:

    2. Tata AIA Life Insurance InvestOne is a unit linked insurance plan that provides you a chance to accumulate wealth to fulfill the milestones in your life. This is a single premium plan that offers Guaranteed Maturity Addition and Loyalty Additions that assure the policyholder maximum returns at the time of policy maturity.

      Benefits and Features of Tata AIA Life Insurance InvestOne

      1. Death Benefit - If the life assured dies within the policy term the nominee will be paid the highest among the basic sum assured, the fund value of the policy, and 105% of the paid single premium. If top-up premiums have been paid towards the plan the sum assured will be enhanced accordingly.
      2. Maturity Benefit - If the life assured survives till policy maturity, he/she will receive the fund value as on the date of policy maturity.
      3. Loyalty Additions - The policy offers Loyalty Additions as applicable.
      4. Guaranteed Monthly Addition - The policy offers Guaranteed Monthly Addition at 5% of the units in each fund.
      5. Policy Term - The customer can choose a policy term between 15 and 30 years.
      6. Fund Options - The policyholder can choose to invest in any of the 8 investment funds that the policy is linked to. He/she can also choose from any of the two Investment Portfolio Strategies provided under the plan.
      7. Sum Assured - The minimum sum assured under the plan is 1.25 times the single premium while the maximum value is based on the entry age of the customer.
      Plan Name Entry Age Maturity Age Premium
      Tata AIA Life Insurance InvestOne Minimum - 30 days Maximum - 60 years Minimum - 18 years Maximum - 75 years Minimum - Rs.1 lakh Maximum - No limit
    3. Tata AIA Life Insurance Fortune Maxima:

    4. Tata AIA Life Insurance Fortune Maxima is a non-participating unit linked life insurance product that provides you whole life protection and market-driven returns. The policyholder can pay premiums once for a limited duration. The policyholder can also customise the plan with 3 unit-deducting riders.

      Benefits and Features of Tata AIA Life Insurance Fortune Maxima

      1. Death benefit -  If the life assured passes away during the tenure, the nominee will receive the highest amount among the basic sum assured, regular/single premium fund value, 105% of the regular/single premiums paid, or 10 times the annualised premium. If top-up premiums have been paid, the death benefit is enhanced accordingly.
      2. Maturity benefit - If the life assured survives till the policy reaches maturity, he/she will receive the total fund value as on the maturity date.
      3. Partial withdrawals - The policyholder can partially withdraw money from the regular/single premium fund any time after 5 policy years.
      4. Investment Funds - The policyholder has the flexibility to select from 11 fund options for amplified investment returns. He/she can also choose from 2 investment portfolio strategies under the policy.
      5. Premium Payment Frequency - Premiums can be paid at annual, semi-annual quarterly, and monthly frequencies. Alternatively, the policyholder can choose a single premium plan where the payment is made only once.
      Plan Name Entry Age Maturity Age Premium
      Tata AIA Life Insurance Fortune Maxima Minimum - 30 days Maximum - 60 years Maximum - 100 years Minimum:
      • For single pay policy, Rs.1 lakh
      • For limited pay policy, Rs.50,000 per annum
      Maximum
      • For single pay policy, Rs.5 lakh
      • For limited pay policy, Rs.5 lakh per annum
    5. Tata AIA Life Insurance Fortune Pro:

    6. Tata AIA Life Insurance Fortune Pro is a non-participating unit linked endowment insurance solution that allows your money to grow at a steady pace while providing insurance protection to your family. The plan offers you the flexibility of altering the policy duration. This way, you can adjust it to suit your desired level of growth and fulfill your financial needs.

      Benefits and Features of Tata AIA Life Insurance Fortune Pro

      1. Death benefit - During the policy term if the life assured passes away, the nominee will get the highest among the following amounts:
      2. The basic sum assured minus partial withdrawals, if any
      3. The single/regular premium fund value
      4. 105% of all the premiums paid
      5. 10 times the annualised premium for limited premium payment term

      If the policyholder had paid top-up premiums towards the plan, in addition to the above amount the nominee also receives the highest among:

      1. The approved top-up sum assured
      2. Top-up premium fund value
      3. 105% of all the top-up premiums paid
      1. Maturity benefit - If the life assured survives till the maturity of the policy, he/she will receive the total fund value as on the date of maturity.
      2. Loyalty additions - In the case of regular premium policy, additional units will be credited to the funds every year, starting from the 11th policy anniversary. This is to reward the policyholder for loyalty. For single premium policy additional units are added every year, starting from the 6th policy anniversary. Loyalty additions are not paid on the top-up premium account.
      3. Investment funds - The policyholder can choose from 11 fund options for accelerated investment returns. Alternatively, he/she can also choose from the investment portfolio strategies offered by the insurer.
      4. Partial withdrawals - If the policyholder requires money for an emergency purpose he/she can withdraw partially from the fund under the plan. Partial withdrawals are allowed after the policy completes 5 years. The minimum partial withdrawal amount is Rs.5,000. A maximum number of 4 partial withdrawals in a year are allowed under the plan, free of charges.
      Plan Name Entry Age Maturity Age Premium
      Tata AIA Life Insurance Fortune Pro Minimum - 30 days Maximum - 59 years Minimum - 18 years Maximum - 75 years Minimum:
      • For single pay policy, Rs.1 lakh
      • For regular/limited pay policy, Rs.50,000 per annum
      Maximum
      • For single pay policy, Rs.5 lakh
      • For regular/limited pay policy, Rs.5 lakh per annum
    7. Tata AIA Life Insurance Wealth Maxima:

    8. Tata AIA Life Insurance Wealth Maxima is a non-participating unit linked whole life insurance scheme that enables you to secure your finances for an extended period of time. Investment in this policy will ensure that you can meet your mid and long term financial goals, such as creating a retirement corpus, accumulating cash for your child’s wedding, etc.

      Benefits and Features of Tata AIA Life Insurance Wealth Maxima

      1. Death benefit - In the event of death of the life assured while the policy is in-force, the nominee will receive the highest among:
      2. The basic sum assured minus all partial withdrawals, if any
      3. The single/regular premium fund value under the plan
      4. 105% of all the paid premiums
      5. 10 times the annualised premium for limited premium payment term

      If the policyholder had contributed top-up premiums towards the policy, in addition to the above death benefit, the nominee will also receive the highest amount among the following:

      1. The approved top-up sum assured
      2. The top-up premium fund value
      3. 105% of all the top-up premiums paid
      1. Maturity benefit - If the life assured lives till the end of the policy term he/she will receive the total fund value as on the policy maturity date.
      2. Loyalty additions - The insurer rewards the policyholder for loyalty through loyalty additions. For regular premium policies additional units will be credited to the funds on each policy anniversary, starting from the 11th. This continues till the end of the policy term. For single premium policies additional units are credited to the funds every year, starting from the 6th policy anniversary. This continues till the policy reaches maturity.
      3. Investment funds - The policyholder can choose from 11 investment fund options for improved investment returns. Alternatively, he/she can opt for the portfolio strategy configured by the insurer.
      4. Partial withdrawals - The policyholder can choose to withdraw partially from the fund in the event of emergencies. This is allowed after the policy completes 5 years. The minimum partial withdrawal amount for a regular premium policy is Rs.5,000. For a single premium policy, the minimum withdrawal amount is Rs.5,000 as well. The insurance company allows the policyholder to make 4 partial withdrawals in a policy year. No charges are levied for the same.
      Plan Name Entry Age Maturity Age Premium
      Tata AIA Life Insurance Wealth Maxima Minimum - 30 days Maximum - 60 years Maximum - 100 years Minimum:
      • For single pay policy, Rs.5 lakh
      • For limited pay policy, Rs.2,50,000 per annum
      There is no limit on the maximum premium.
    9. Tata AIA Life Insurance Wealth Pro:

    10. Tata AIA Life Insurance Wealth Pro is a non-participating unit linked endowment insurance scheme that helps in growing your money while offering you life insurance coverage. The plan provides you the choice to pay the premium once or in installments for a limited period of time. The policyholder can enhance the coverage of the plan using any of the three riders offered by the insurer.

      Benefits and Features of Tata AIA Life Insurance Wealth Pro

      1. Death benefit - If the life assured faces death while the policy is in-force, the nominee will receive the highest amount among the following:
      2. The basic sum assured minus partial withdrawals, if any
      3. The single/regular premium fund value under the plan
      4. 105% of the premiums paid
      5. 10 times the annualised premium

      In addition to the above payout, if the policyholder had paid top-up premiums towards the policy, the nominee will also receive the highest of:

      1. The approved top-up sum assured
      2. The top-up premium fund value
      3. 105% of the total paid premiums
      1. Maturity benefit - If the life assured survives the policy term, he/she will get the maturity benefit. This is equal to the total fund value as on the date of policy maturity.
      2. Loyalty additions - The policyholder is rewarded for loyalty through the loyalty addition facility. The insurer credits additional units to the funds held by the policyholder every policy anniversary. For regular premium accounts the loyalty additions are provided from the 11th policy year. For single premium accounts, loyalty additions are offered from the 6th policy year.
      3. Investment funds - Based on the risk appetite of the policyholder, he/she can choose from 11 investment funds. Alternatively, he/she can select the portfolio strategy provided by the insurance company.
      4. Partial withdrawals - In case of emergency need for funds, the policyholder can withdraw partially from the plan. Partial withdrawals are possible after the policy completes 5 years. The minimum partial withdrawal limit is Rs.5,000. The insurer allows the policyholder to partially withdraw from the fund 4 times in a policy year. There are no charges levied for the same.
      Plan Name Entry Age Maturity Age Premium
      Tata AIA Life Insurance Wealth Maxima Minimum - 30 days Maximum - 60 years Minimum - 18 years Maximum - 75 years Minimum:
      • For single pay policy, Rs.5 lakh
      • For limited pay policy, Rs.2,50,000 per annum
      There is no limit on the maximum premium.

    Why do you need Tata AIA Wealth Solutions?

    The unit linked insurance plans from Tata AIA Life Insurance provide complete peace of mind to the life assured as he/she receives life insurance coverage and accelerated returns from these policies. In addition, the wealth solutions also offer tax benefits.

    Premiums paid towards the plan are eligible for tax deductions under Section 80C of the Income Tax Act. Tax rebates are also provided on the maturity and death benefits under Section 10(10D). But tax rules are prone to changes. So, you should take the help of a tax advisor to understand the prevalent tax rules and tax benefits offered by the plans.

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