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Tata AIA Smart SIP is a non-participating, unit-linked individual life insurance savings plan. It combines life insurance protection with investment exposure through market-linked funds. The policyholder selects an eligible premium, policy term and available investment option according to the insurer's current product terms. The value accumulated under the policy depends on fund performance and applicable charges. Smart SIP should therefore be assessed as a long-term insurance-linked investment rather than a guaranteed-return savings deposit. The official product UIN currently listed as active is 110L174V02. Policy wording, eligibility, benefits and charges should be checked before purchase.
Build long-term wealth through market-linked funds with life insurance protection
Smart SIP may suit investors who want life insurance alongside a disciplined, long-term market-linked investment. Its principal attraction is the ability to participate in the performance of available investment funds while maintaining policy-based life cover. However, investment returns are not guaranteed, and the value of units can rise or fall with the market. The final maturity value depends on premiums paid, the chosen funds, investment performance, policy duration and applicable charges. Buyers should review the benefit illustration at the prescribed assumed rates, compare the policy's death and maturity provisions, and understand the consequences of discontinuing premiums or surrendering early. Do not use an illustrative or historical return as a promised outcome. The latest policy document and benefit illustration should govern all purchase decisions.
Tata AIA
Key Insights
Founded
2001
Tata AIA was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.1% CSR, calculated as a 3-year average
Tata AIA settles 99.1% of all claims it receives, demonstrating strong credibility.
Contact Details
1860-266-9966
Headquarters: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India
Provides a death benefit according to the chosen policy option and policy terms.
Check the policy schedule for the applicable benefit calculation.
The policy fund value changes with the performance of the selected eligible funds.
Investment risk is borne by the policyholder.
Offers access to investment options specified in the current product documents.
Fund availability and switching conditions apply.
The maturity proceeds are determined according to the policy terms and applicable fund value.
The maturity amount is not a guaranteed fixed return.
Policyholders should monitor fund performance, charges and policy status throughout the term.
Refer to official policy statements and product documents.
Additional protection may be available only if the relevant rider is offered and permitted with the policy.
Do not assume a rider is included; confirm eligibility, availability and additional cost with Tata AIA.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
Tata AIA plans and claim process
Tata AIA Smart SIP is a non-participating, unit-linked individual life insurance savings plan that combines life cover with market-linked investment options.
No. Investment performance and the resulting fund value depend on market movements and applicable policy charges. Illustrations are not guarantees of actual returns.
The premium depends on the selected amount, policy term, age, eligibility and available policy option. Obtain a current personalised quotation and benefit illustration from Tata AIA.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Tata AIA website before purchasing.
Official Website
tataaia.com
Visit the official Tata AIA website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
Yes. It includes life insurance benefits according to the selected policy option and the terms stated in the policy document.
The policy provides eligible investment fund options as described in its current product documents. Availability, switching rules and applicable charges should be checked before investing.
Any partial withdrawal or other access to the fund value is subject to the product version, policy conditions and applicable restrictions. Confirm the current rules in the policy document.
The consequences depend on the policy conditions, timing and applicable discontinuance rules. Review the policy document before stopping payments because benefits and fund access may be affected.
Tax treatment depends on prevailing tax laws, policy eligibility and the policyholder's circumstances. Consult a qualified tax professional for individual advice.