Tata AIA Life Insurance Wealth Pro is a non-participating, unit-linked insurance plan that offers market-linked returns with loyalty additions. It provides life cover and helps you create wealth over the medium-to-long term.  

What are the Key Features of the Tata AIA Life Insurance Wealth Pro?

Here are the key features of the plan:

Premium Flexibility: You have the option to pay the premium either one time or for a limited period according to your preference and financial capabilities.

Regular Loyalty Additions: The policy offers regular loyalty additions, which are additional benefits added to your investments periodically, helping to boost the overall value of your policy over time.

Diverse Investment Opportunities: You can choose from 18 Fund options, providing you with a wide range of investment opportunities to suit your risk appetite and financial goals.

Rider Customization: The ULIP plan allows you to customize your insurance coverage by adding optional riders. This ensures that your policy can be tailored to meet your specific protection needs.

Enhanced Systematic Money Allocation: The policy offers an Enhanced Systematic Money Allocation feature, which enables you to systematically allocate your funds for a more disciplined and strategic approach to investment.

Regular Transfer Investment Portfolio Strategy: With this feature, you have the option to regularly transfer your investments to different funds, allowing you to take advantage of market fluctuations and optimize returns.

What is the Eligibility Criteria for Tata AIA Life Insurance Wealth Pro?

What are the Benefits of Tata AIA Life Insurance Wealth Pro?

Benefits of Tata AIA Life Insurance Wealth Pro are:

Maturity Benefit:

At the end of the policy term, if you survive, you will receive the Total Fund Value. This value is the sum of both the Regular/Single Premium Fund Value and the Top-Up Premium Fund Value, valued at the applicable Net Asset Value (NAV) on the date of maturity. This ensures that you can enjoy the growth of your investments over the policy duration.

Death Benefit:

In the unfortunate event of the life insured's death during the policy term and while the policy is in force, the nominee or legal heir will receive a payout. The death benefit is calculated as follows:

The highest of:

Basic Sum Assured net of all "Deductible Partial Withdrawals," if any, from the Regular/Single Premium Fund Value, or

The Regular/Single Premium Fund Value of the policy, or

105 percent of the total Regular/Single Premiums paid up to the date of death.

Additionally, the following is also payable, provided the Policyholder has a Top-Up Premium Fund Value:

The highest of:

• The approved Top-Up Sum Assured(s), or

• The Top-Up Premium Fund Value of the policy, or

• 105 percent of the total Top-Up Premiums paid up to the date of death.

It's important to note that Deductible Partial Withdrawals are not applicable in the case of the Top-Up Sum Assured.

Loyalty Benefit:

Loyalty Additions are provided as a token of appreciation for policyholder loyalty.

Additional units are credited at the rate of 0.20% of units in each fund under the Regular Premium Account.

The crediting of additional units begins on the eleventh (11th) Policy Anniversary and continues until the policy term's end.

For single pay option holders, additional units are credited at the rate of 0.35% of units in each fund under the Single Premium Account.

The crediting of additional units for single pay option begins on the sixth (6th) Policy Anniversary and continues until the policy term's end.

Loyalty Additions are only credited if the policy is in force and all due premiums have been paid.

Flexibility of Partial Withdrawals: 

You can make partial withdrawals from the policy fund after 5 policy anniversaries, offering financial flexibility in emergencies. No charges apply, and up to 4 withdrawals are allowed in a policy year.

Flexibility of Top-ups: 

You can pay additional premium as Top-up Premium, up to 4 times a year, allowing you to enhance your investment. Each Top-up Premium has a 5-year lock-in period, except in case of policy withdrawal.

Top-up Sum Assured:

Availing a Top-up increases your Sum Assured by the Top-up Sum Assured, subject to underwriting, providing added protection.

Flexibility of Premium Mode: 

You have the choice to pay premiums annually/semi-annually/quarterly/monthly, or even as a single payment, giving you payment convenience.