What problem it solvesBundles a life cover with market-linked fund investing in one contract, one nomination, one annual statement.
How it worksYour premium is split: part covers mortality and admin charges, and the rest buys units in funds you choose (equity, debt, balanced). Your payout at maturity or death depends on the fund's value on that date, subject to any guarantees the specific plan offers.
What you're paying forFund management, mortality cover, and — critically — the convenience and specific features (like premium waiver) that a plain mutual fund + term combination doesn't offer out of the box.
What's guaranteedUsually just the minimum death benefit (higher of fund value or sum assured, in most designs) and any explicit capital-guarantee option the plan sells separately. The fund value itself is not guaranteed.
What's not guaranteedEverything driven by markets: fund returns, and therefore your maturity value.
If you stop payingDuring the mandatory 5-year lock-in, unpaid premiums typically move the policy to a discontinued fund earning a low fixed return; after the lock-in, the policy can usually continue at a reduced level or be surrendered.
LiquidityLocked for a minimum of 5 years by regulation. After that, partial withdrawals are usually allowed, subject to plan rules.
Why does this exist?
A ULIP is a term-ish cover plus funds plus rules, all under one legal wrapper. That single-folio simplicity is real: one nominee, one switch mechanism between funds, no separate paperwork for a term plan and a mutual fund account. The other genuine reason ULIPs exist is premium waiver — some child- or goal-oriented ULIPs keep investing on your behalf if you die, which a term claim paid to a grieving spouse does not automatically guarantee will happen.
Who might consider it
People with a genuinely long horizon (15+ years) who want one product instead of two, who value the forced 5-year lock-in as a feature against their own panic-selling instinct, or who specifically want the premium-waiver-for-a-child's-goal structure.
Who it's usually not for
Short horizons (under 7-8 years), anyone sold a ULIP "as cheap term cover" or "as a guaranteed 8% return" — that 8% is an IRDAI-mandated illustration assumption, not a promise.
Structures inside this category:
Wealth / investment-oriented ULIPGoal / child-oriented ULIPProtection + wealth structuresRetirement-oriented ULIP
Read the full explainer on ulip →
Product data last fetched 26 August 2026. Tap a card to open it.
ULIP
ICICI Pru LifeTime Classic
+
A straightforward unit-linked plan — your premium buys fund units, with a life cover attached and top-ups for staying invested.
You might need this if
- You want one product that combines a market-linked investment with a life cover, instead of running pure investments and term insurance separately.
- You have money you won't need for at least 5 years (the lock-in) and you're fine with market ups and downs in exchange for potentially higher growth.
- You want to pick your own mix of funds — or hand that decision to a strategy that rebalances automatically as you get older.
- You like the idea of small periodic boosts to your investment just for staying invested long-term.
How it actually works
- Loyalty Additions — extra units at the end of years 6–7 and every year from year 8 (0.10%–0.30% of fund value).
- Wealth Boosters — a bigger top-up (1%–2% of fund value) every 5 years, from the end of year 10.
- 4 portfolio strategies — Target Asset Allocation, Trigger (buy-low/sell-high), Life Cycle (auto-rebalances by age), or Fixed (you choose).
- 15 funds to choose from across equity, balanced and debt.
- Partial withdrawals once the lock-in ends, for emergencies or milestones.
Worth knowing
- This is market-linked — investment risk sits entirely with you; returns are not guaranteed.
- No liquidity for 5 years — no surrender or withdrawal, even partial, during the lock-in.
- After 5 years, surrender value = full Fund Value.
ULIP
ICICI Pru Signature
+
The same ULIP structure as LifeTime Classic, built for larger premiums, with tiered perks that scale with how much you put in.
You might need this if
- You want the same market-linked-plus-cover structure as a standard ULIP, but you're investing a larger amount (₹15 lakh+ a year) and want the extra tiered perks that come with that.
- You want the option to keep the policy running for your whole life (to age 99) and draw a scheduled income from it later — useful as a retirement income structure.
- You want flexibility on how long you pay premiums (single pay, or 5–15 years) and how the sum assured scales with what you pay in.
How it actually works
- Charges refunded — allocation charges are added back to your fund at year 15, then every 5 years after.
- Wealth Boosters — extra units every 5 years from year 10 (0.5%–2% of fund value).
- Systematic Withdrawal Plan — schedule regular payouts from the fund, useful for a post-retirement income stream.
- Same 4 portfolio strategies as LifeTime Classic, across ~20 funds including index funds.
The tiers
| Tier | Annualised premium | What you get |
|---|
| Advantage | ₹1L–14.99L | Charges refunded + Wealth Boosters |
| Premier | ₹15L–19.99L | + Value Benefit, year 2 |
| Exclusive | ₹20L+ | + Value Benefit, years 2 & 6 |
Worth knowing
- Death benefit pays the highest of: Sum Assured, 105% of premiums paid, or the Fund Value.
- Lock-in: 5 years, same as other ULIPs — no partial withdrawal before then.
A unit-linked (market-linked) life insurance plan with two equity-oriented, NIFTY50-linked fund options, offering life cover alongside investment growth potential.
You might need this if
- You might need this if you want combined life cover and equity-market-linked investment growth in a single product.
- You might need this if you're comfortable with investment risk and want exposure to a NIFTY50-tracking fund or a broader equity fund.
- You might need this if you want periodic guaranteed additions layered onto your fund value at set milestones (years 6, 10, 15, 20, 25).
- You might need this if you can commit to at least a 5-year lock-in without needing the money.
How it actually works
- Entry age 90 days to 50 years (for 10x sum assured cover) or up to 60 years (for 7x cover); policy term 10-25 years.
- Minimum yearly premium ₹30,000 (other modes pro-rated); premium allocation charge starts at 8% (offline) or 3% (online) in year 1, reducing over time.
- Choose between the Flexi Growth Fund (40-100% equity) or Flexi Smart Growth Fund (40-100% NIFTY50-linked exposure), both classified "Very High Risk".
- Fund Management Charge 1.35% p.a.; mortality charge is age-based (e.g. ₹1.26 per ₹1,000 sum at risk at age 25); policy admin charge is nil for 5 years then a minimum monthly charge from year 6.
- Death benefit is the highest of Basic Sum Assured (less recent partial withdrawals), the fund value, or 105% of total premiums paid.
- Maturity benefit equals the fund value on the maturity date; Guaranteed Additions (3-30% of annual premium depending on premium size) are injected into the fund at years 6, 10, 15, 20 and 25.
Worked example
A 30-year-old paying ₹50,000 half-yearly for a 25-year term with ₹10 lakh Basic Sum Assured could see a projected maturity value of roughly ₹34.1 lakh at 4% assumed growth or ₹59.7 lakh at 8% assumed growth (illustrative, not guaranteed).
Worth knowing
- As a ULIP, the investment risk is borne entirely by the policyholder — returns are not guaranteed and can be negative.
- Strict 5-year lock-in: no liquidity or withdrawal at all in the first 5 years; surrendering during this period moves your money into a Discontinued Policy Fund.
- No policy loans are available, and the Basic Sum Assured cannot be increased or decreased after the policy is issued.
A single-premium unit-linked plan with a choice of four risk-graded funds and two sum-assured multiples, for investors who want to put in one lump sum with market-linked growth potential.
You might need this if
- You might need this if you have a lump sum to invest once and want market-linked growth combined with life cover, without committing to ongoing premiums.
- You might need this if you want to choose your own risk level across four funds ranging from low-risk bonds to high-risk equity growth.
- You might need this if you want a higher insurance multiple (10x premium) for more protection, or a lower multiple (1.25x) to maximise the investment component.
- You might need this if you're comfortable with a 5-year lock-in and no guarantees on returns.
How it actually works
- Entry age 90 days up to 70 years (Option 1, 1.25x sum assured) or up to 35 years (Option 2, 10x sum assured); policy term 10-25 years.
- Single premium only, minimum ₹1,25,000, no upper limit; allocation charge 3.30% (offline) or 1.50% (online).
- Four fund choices: Bond Fund (low risk), Secured Fund, Balanced Fund, and Growth Fund (high risk, up to 80% equity) — all carry a 1.35% p.a. fund management charge.
- Death benefit is the higher of the Basic Sum Assured (less recent partial withdrawals) or the fund value at the time.
- Maturity benefit equals the fund value on the maturity date; Guaranteed Additions of 3-7% of the single premium are added to the fund at years 6, 10, 15, 20 and 25.
- An optional Linked Accidental Death Benefit Rider can be added at any policy anniversary, up to age 70.
Worked example
For a 30-year-old paying ₹1,25,000 single premium over a 20-year term, illustrative maturity value under Option 1 (1.25x cover) ranges from about ₹2,28,559 at 4% assumed growth to ₹4,65,044 at 8%; under Option 2 (10x cover) it ranges from about ₹1,58,999 to ₹3,74,442, since more of the premium funds insurance.
Worth knowing
- Returns are not guaranteed — LIC's own illustration states the projected rates "are not upper or lower limits."
- Full 5-year lock-in with no liquidity; surrendering early moves funds to a Discontinued Policy Fund with charges.
- Partial withdrawals are only allowed after year 5, and reduce the sum assured for the following 2 years.
LIC's Systematic Investment Plus Insurance Plan (SIIP) is a regular/limited-premium unit-linked plan combining periodic market-linked investment with life cover — exact figures could not be verified.
You might need this if
- You might need this if you want to invest regularly (like a SIP) while also getting life insurance cover in the same plan.
- You might need this if you want exposure to LIC's range of unit-linked funds with the discipline of periodic premiums rather than a single lump sum.
- You might need this if you're comfortable with market-linked risk in exchange for potentially higher long-term growth than a guaranteed-return savings plan.
- You might need this if you want a ULIP with a flexible premium payment term rather than committing to a single premium.
How it actually works
- SIIP is a regular/limited-premium unit-linked insurance plan from LIC, combining periodic investment (similar to a SIP) with life cover.
- As with LIC's other ULIPs, it is expected to offer multiple fund options across the risk spectrum and be subject to fund management, mortality, and allocation charges.
- As a unit-linked product, maturity and death benefits would be linked to the fund value, with investment risk borne by the policyholder.
- Exact eligibility ages, minimum premiums, specific fund names, and charge percentages could not be confirmed because the brochure could not be retrieved.
Worth knowing
- The official brochure PDF could not be downloaded despite repeated attempts (persistent server errors), so details above are based on general knowledge of LIC's SIIP product line, not confirmed from this specific brochure.
- As with all ULIPs, returns are not guaranteed and investment risk is borne by the policyholder — verify exact charges and fund performance history before purchase.
- Confirm exact eligibility ages, minimum premium, lock-in and surrender terms directly with LIC before relying on this summary.
No public brochure found. The points above are general pointers based on this plan's name and category, not verified against the actual document — confirm details with the insurer before relying on them.
Full page →
A unit-linked plan that combines life cover with market-linked investing across six fund options, letting you choose how much equity risk to take while building a fund value.
You might need this if
- You might need this if you want life insurance and market-linked investing bundled into a single policy rather than buying them separately.
- You might need this if you're comfortable with investment risk and want to pick your own equity/debt mix across six fund options, from a pure Bond Fund to the highly-equity Flexi Smart Growth Fund.
- You might need this if you want a top-up option to invest lump sums opportunistically on top of your regular premiums.
- You might need this if you want the flexibility to switch between funds as markets move, with a few free switches each year.
How it actually works
- Premiums are split between charges and units bought in your chosen fund(s); the minimum annual premium is ₹60,000.
- Sum assured is a multiple of your annualised premium (7x-40x depending on age and term), and can be topped up with additional lump sums.
- On death, the nominee gets the higher of the sum assured, the fund value, or 105% of premiums paid.
- On maturity, you receive the fund value, plus a refund of the mortality charges deducted over the policy term.
- An optional Linked Accidental Death Benefit Rider can be added, costing ₹0.40-0.80 per ₹1,000 of extra cover.
- Charges include a 3-8% premium allocation charge, a 1.35% p.a. fund management charge, and monthly admin charges from year 6.
Worked example
For a 35-year-old paying ₹40,000/year for 15 years under a 20-year policy invested in the Bond Fund, the projected maturity value is ₹7.81 lakh at an assumed 4% return, or ₹13.20 lakh at an assumed 8% return.
The tiers
| Fund | Equity exposure | Risk level |
|---|
| Bond Fund | 0% | Low |
| Secured Fund | 15-55% | Lower-medium |
| Balanced Fund | 30-70% | Medium |
| Growth Fund | 40-80% | High |
| Flexi Growth Fund | 40-100% | Very high |
| Flexi Smart Growth Fund | 40-100% (Nifty50 focus) | Very high |
Worth knowing
- There's a mandatory 5-year lock-in; if you stop paying before then, your money moves to a Discontinued Policy Fund earning only a 4% p.a. floor until year 5.
- Investment returns are not guaranteed, and you bear all the market risk on the fund value.
- No loan facility is available against this policy.
- Partial withdrawals are only allowed after year 5, capped between roughly 15-30% annually.
ULIP
Click 2 Invest Plus
+
A ULIP savings plan with four benefit structures (Classic, Classic Plus, Classic Waiver, Classic Waiver Plus) and a choice of 10 funds, letting you tailor how much protection versus premium-waiver benefit you want alongside your investment.
You might need this if
- You might need this if you want a single plan combining life cover and market-linked investing, available from 30 days old through age 65 at entry.
- You might need this if you want your family's investment goal protected even if you're not around - the Classic Waiver options continue funding the plan and/or add a monthly income if the policyholder dies.
- You might need this if you want control over your asset allocation across 10 funds spanning equity-heavy to pure bond options, with free switching.
- You might need this if you value loyalty additions that boost your fund value over the long term rather than a plain ULIP.
How it actually works
- Entry age from 30 days (Classic/Classic Plus) or 18 years (Waiver options) up to 65; minimum term 5 years, up to 99 years for Classic.
- Death benefit varies by option: Classic pays the higher of sum assured, fund value, or 105% of premiums; Classic Plus pays sum assured PLUS fund value; the Waiver options add premium waiver and/or a monthly income benefit (0.5-2% of sum assured for 5-20 years).
- Maturity benefit is the fund value plus any credited loyalty additions.
- Charges include a fund management charge capped at 1.35% p.a., a policy admin charge capped at ₹500/month, and a discontinuance charge that phases out by year 5.
- Three plan tiers (Growth, Loyalty, Loyalty Plus) offer different loyalty additions, such as return of mortality charges or periodic fund value enhancers.
- 4 free fund switches, withdrawals, or redirections per year; charges apply beyond that.
Worked example
A 35-year-old paying ₹1 lakh/year for 20 years (₹20 lakh total, ₹10 lakh sum assured) sees a projected fund value between roughly ₹24.9-26.9 lakh at an assumed 4% return, or ₹39.3-42.0 lakh at an assumed 8% return, depending on the plan option chosen.
The tiers
| Option | Death benefit adds |
|---|
| Classic | Higher of sum assured / fund value / 105% of premiums |
| Classic Plus | Sum assured + fund value |
| Classic Waiver | Sum assured + waiver of future premiums |
| Classic Waiver Plus | Sum assured + premium waiver + monthly income (0.5-2% of SA, 5-20 yrs) |
Worth knowing
- There's a mandatory 5-year lock-in with no liquidity; early discontinuance routes your money to a Discontinued Policy Fund earning only a 4% p.a. floor until year 5.
- Returns are market-linked and not guaranteed - the investment risk is entirely yours.
- Partial withdrawals are only allowed after 5 years, and you must maintain a minimum fund balance.
ULIP
Sampoorn Nivesh Plus
+
A ULIP savings plan with 15 fund choices and four benefit structures (Classic Benefit, Classic Plus, Classic Waiver, Classic Waiver Plus), plus loyalty additions that grow through the policy term.
You might need this if
- You might need this if you want a wide selection of funds (15 options, from pure equity to bond) to build your own investment mix inside a life cover wrapper.
- You might need this if you want your dependents' investment goal to continue even if you die mid-way, through the Waiver options that keep funding the plan and add a monthly income.
- You might need this if you're comfortable locking money away for 5 years in exchange for potential loyalty additions and a direct marketing bonus.
- You might need this if you want a plan that can run to whole of life (up to age 99) rather than a fixed term.
How it actually works
- Entry age from 30 days up to varying maximums by option; policy term 10-35 years fixed, or up to whole of life.
- Death benefit depends on option: Classic Benefit pays the higher of sum assured, fund value, or 105% of premiums; Classic Plus adds sum assured plus fund value; Waiver options add premium waiver and/or income benefit (0.5-2% of sum assured, 5-20 years).
- Premium allocation charge is capped at 12.5%, fund management charge capped at 1.35% p.a. (0.5% for the discontinued fund), and policy admin charge capped at ₹500/month.
- Loyalty additions range from 1.2-1.8% of average fund value every alternate year (from year 11) for regular/limited pay, or 1.5% annually (years 10-14) for single premium.
- Maturity benefit is the fund value, payable as a lump sum or spread across a 5-year settlement period.
Worked example
A 35-year-old paying ₹1 lakh/year for a 30-year term under Classic Plus Benefit sees a projected maturity value of about ₹12.09 lakh at an assumed 4% return, or ₹39.35 lakh at an assumed 8% return; on death during the term, the nominee gets the ₹20 lakh sum assured plus the fund value.
Worth knowing
- The brochure explicitly states linked products like this offer no liquidity during the first 5 years.
- If premiums lapse during the lock-in, the discontinued fund only guarantees a 4% p.a. floor return.
- Illustrated 4%/8% returns are not guaranteed - actual maturity value depends entirely on market performance of the funds chosen.
ULIP
Smart Protect Plus
+
A ULIP with four cover structures - level or decreasing cover, each with an optional capital guarantee - so you can dial in how much of your death benefit stays fixed versus how much you want a guaranteed minimum maturity payout.
You might need this if
- You might need this if you want life cover to stay constant through the term (Level Cover) rather than reducing over time.
- You might need this if you'd rather your cover taper off after an initial period (Decreasing Cover), for example once big loans are paid down, in exchange for potentially lower charges.
- You might need this if market-linked ULIP returns feel too uncertain - the Capital Guarantee variants promise a minimum maturity benefit equal to premiums paid, regardless of fund performance.
- You might need this if you want a very long-term policy that can run all the way to age 99.
How it actually works
- Life Assured entry age 0-60 (30 days minimum); policy term up to 25-99 years; premium term is Limited Pay (5-20 years) or Regular Pay.
- 10 non-guarantee funds and 2 dedicated guarantee funds (Capital Growth, Capital Secure) are available, plus a 0.50% p.a. guarantee charge on the guaranteed options.
- Death benefit is the highest of the sum assured (minus withdrawals), fund value, or 105% of total premiums paid.
- Maturity benefit for non-guarantee options is fund value plus loyalty additions; for guarantee options it's the higher of that or the guaranteed maturity benefit (total premiums paid minus withdrawals).
- Wealth Boosters include a return of 2-3x mortality charges from year 11, a return of premium allocation charges, and a maturity booster of 1-2x annualised premium.
Worked example
Mr. Kumar, age 30, buys ₹1 crore Level Cover with a 40-year term and 10-year premium payment of ₹1 lakh/year. Projected maturity value is ₹36.17 lakh at an assumed 4% return, or ₹1.13 crore at an assumed 8% return; if he dies during the term, his nominee gets the highest of the ₹1 crore sum assured, fund value, or 105% of premiums paid.
The tiers
| Option | Cover type | Capital guarantee |
|---|
| A | Level Cover | No |
| B | Level Cover | Yes |
| C | Decreasing Cover | No |
| D | Decreasing Cover | Yes |
Worth knowing
- 5-year mandatory lock-in with no surrender or withdrawal allowed during that period.
- The capital guarantee only protects premiums paid at maturity, not the death benefit or an early exit value.
- Illustrated 4%/8% returns are not guaranteed for the non-guarantee fund options.
A ULIP with three variants - Invest Plus for straightforward wealth building, Premium Waiver to protect the goal if the payer dies, and Golden Years for whole-of-life cover with retirement income via withdrawals - across 19 fund choices with zero allocation or admin charges.
You might need this if
- You might need this if you want a ULIP with no premium allocation or policy administration charges eating into your investment.
- You might need this if you're saving for a child's future and want the plan to keep growing even if you (the premium payer) die before the goal is reached (Premium Waiver option).
- You might need this if you want a single plan that converts into a retirement-income tool later in life via the Golden Years Benefit and systematic withdrawals.
- You might need this if you want a very wide fund menu (19 options, including a liquid fund) with unlimited free switching for rebalancing.
How it actually works
- Life Assured entry age 0 (30 days) to 60; policy term 10-40 years for Invest Plus, or to age 99 for Golden Years; premium term is Single, Limited (5/7/10 years), or Regular (10-40 years).
- Death benefit is the highest of the total sum assured (minus recent withdrawals), the fund value, or 105% of premiums paid.
- Fund management charge is 0.80% p.a. for debt-oriented funds and 1.35% p.a. for equity funds; there is no premium allocation or admin charge, and switching/withdrawal/surrender are free.
- A Special Addition of 1% of annualised premium is added to the fund value each year for the first 5 years.
- Return of Mortality Charges (ROMC) adds back all mortality charges deducted over the term, credited at maturity.
- Maturity benefit is the fund value, payable as a lump sum or in instalments over up to 5 years.
Worked example
A 35-year-old paying ₹50,000/year for a 20-year term with a ₹5 lakh sum assured sees a projected maturity value of about ₹13.89 lakh at an assumed 4% return, or ₹21.90 lakh at an assumed 8% return.
Worth knowing
- 5-year lock-in applies; no partial withdrawal or surrender is allowed during that period.
- Illustrated 4%/8% returns are not guaranteed and depend on actual market performance of the chosen funds.
- The Return of Mortality Charges benefit is forfeited if the Premium Waiver option is triggered by the proposer's death.
ULIP
Smart Insurance Plan Plus (SIP+)
+
A market-linked ULIP with zero premium allocation or administration charges, offering a wide choice of funds and two variants — one focused on wealth building, one on protecting family income.
You might need this if
- You might need this if you want to combine life cover with market-linked investment growth in a single product.
- You might need this if you're put off by ULIP charges elsewhere — this plan has zero premium allocation and administration charges.
- You might need this if you want flexibility to choose from 40+ funds and switch strategies (fixed, target allocation, trigger-based, lifecycle) as your needs change.
- You might need this if you want the Assure variant's income protection — waived future premiums plus an ongoing family income if something happens to you.
How it actually works
- Two variants: Wealth (death benefit = highest of sum assured, fund value, or 105% of premiums paid) and Assure (adds a "Smart Benefit" of waived future premiums plus 0-10% of sum assured as annual family income).
- Entry age 0-50; minimum premium ₹12,000/year (up to age 35) or ₹1,20,000/year (36-50); premium payment term 5-15 years.
- Policy term: 15-75 years for Wealth (depends on age/premium), 15-25 years for Assure.
- Zero premium allocation charge and zero policy administration charge; fund management charge ranges 0.75%-1.35% p.a. depending on fund.
- Unlimited free fund switches under the Fixed Portfolio Strategy; top-ups, partial withdrawals, and systematic withdrawal plans (SWP) are supported.
- A 5-year lock-in applies from inception, with a discontinuance charge (up to 20% in year 1, tapering to 0% by year 5) if you stop paying early.
Worked example
A 30-year-old paying ₹1,00,000/year for 10 years (₹10 lakh total) under the Wealth variant, maturing at age 45, could see a fund value of roughly ₹28.2 lakh at 4% assumed growth or about ₹1.32 crore at 8% assumed growth — these rates are illustrative, not guaranteed.
Worth knowing
- As a market-linked product, the investment risk is entirely borne by you — fund value can fall as well as rise, and past performance doesn't guarantee future returns.
- The 5-year lock-in means no withdrawals are permitted during the initial period, even in an emergency (other than via loan-type features if offered).
- The 4%/8% illustrated maturity figures are assumed scenarios only, not promised or guaranteed outcomes.
- Discontinuing premiums early triggers a discontinuance charge, which can meaningfully reduce the amount you get back in the early years.
A market-linked ULIP that pairs equity/debt fund growth with life cover, and pays your family an ongoing income (not just a lump sum) if you die during the term.
You might need this if
- You might need this if you want market-linked growth but also want your family to get a regular income, not just a one-time payout, if something happens to you.
- Useful if you're investing for a 15-25 year goal (child's education, retirement corpus) and want the discipline of a linked insurance policy over pure mutual funds.
- Fits if you like having five different investment strategies (fixed, target allocation, auto-transfer, trigger-based, lifecycle) to match your risk comfort as you age.
- Worth considering if you want a plan that returns at least your premiums paid at maturity as a floor, provided you don't make partial withdrawals.
- Good if you're comfortable with a 5-year lock-in and don't need the money sooner.
How it actually works
- Choose a policy term of 15-25 years with a premium payment term of 5-15 years; minimum premium starts around ₹30,000-₹48,000/year depending on term and frequency.
- Sum assured is 7-10 times your annualized premium; you pick from over 30 funds across equity, balanced, and debt risk categories.
- On death, the "Smart Benefit" pays a lump sum (higher of Sum Assured or Minimum Death Benefit), waives future premiums, and also pays your family an annual "Family Income Benefit" of 0-10% of Sum Assured until maturity while the fund keeps growing.
- At maturity you get the fund value, plus loyalty additions of 2.5% every 5 years starting year 10, with a "Maturity Protect" floor equal to total premiums paid (if no partial withdrawals were taken).
- No premium allocation charge; fund management charge is 1.35% p.a. (0.75% for index funds); up to 4 free portfolio-strategy changes per year.
- After the 5-year lock-in, you can make partial withdrawals (up to 20% of fund value/year) or set up a Systematic Withdrawal Plan for supplementary income.
Worked example
A 35-year-old paying ₹1,00,000/year for 10 years (₹10 lakh total) with a 25-year term and 5% family income benefit: at an assumed 8% return, maturity benefit is about ₹34.7 lakh, and if the policyholder dies, family gets ₹50,000/year for 20 years. At an assumed 4% return, maturity value drops to about ₹13.9 lakh. These illustrative rates are not guaranteed.
Worth knowing
- 5-year lock-in — no full surrender or withdrawal allowed before that; if you stop paying, money moves to a Discontinued Policy Fund earning a minimum 4% p.a.
- Returns are not guaranteed — entirely dependent on market performance of the funds chosen.
- No policy loans available under this plan.
- If death occurs within 12 months of buying or reviving the policy (suicide clause), only the fund value is paid, not the sum assured.
A single-premium, 5-year ULIP invested entirely in a low-risk debt fund, with a guaranteed minimum maturity value and life cover — built for people who want ULIP tax treatment without equity-market risk.
You might need this if
- You might need this if you have a lump sum to invest for exactly 5 years and want a guaranteed floor on what you get back, not market-linked uncertainty.
- Useful if you want ULIP-style structure but with debt-only exposure — no equity funds are offered here.
- Fits if you're 13 to 70 years old and want a simple, one-time payment product without needing to actively manage fund choices.
- Good if you want your family to get a guaranteed minimum death benefit (105% of premiums) alongside life cover, without ongoing premium commitments.
How it actually works
- Single premium only, minimum ₹1,00,000; policy term is fixed at 5 years; entry age 13-70.
- Sum assured multiple is 1.25x premium (ages 13-49) or 1.1x (ages 50-70).
- All money goes into one fund — the Secure Income Fund (80-100% debt, 0-20% money market) — there's no choice of other funds and no switching.
- At maturity you get the higher of fund value or a Guaranteed Maturity Benefit — 140% of single premium for the 1.25x sum assured option, 100% for the 1.1x option.
- On death, nominee gets the highest of Sum Assured, fund value, or 105% of premiums paid.
- No premium allocation or policy administration charges; fund management charge is just 0.75% p.a.
Worked example
A 45-year-old investing ₹10,00,000 with the 1.25x sum-assured option: guaranteed maturity benefit is ₹14,00,000. At an assumed 8% return, maturity value is about ₹14.17 lakh; at 4%, about ₹11.70 lakh. Life cover during the term is ₹12.5 lakh.
Worth knowing
- No partial withdrawals, no top-ups, no policy loans, and no riders — this is a very restricted, single-purpose plan.
- 5-year lock-in with no surrender option after maturity — the policy simply matures.
- Only one fund is available; you cannot switch or diversify.
- If you discontinue premiums (not applicable here since it's single pay) or surrender early, money sits in a Discontinued Policy Fund earning a minimum 4% p.a. until lock-in ends.
A flexible ULIP offered in two variants — Growth Plus for wealth-focused investors and Protect Plus for those wanting extra life cover — with over 35 fund choices and long policy terms up to 30 years.
You might need this if
- You might need this if you want to choose between prioritizing growth or prioritizing protection within the same plan family.
- Useful if you're planning for a very long horizon (up to 30-year policy term) and want to participate in equity markets over decades.
- Fits if you want a wide menu of 35+ funds and multiple auto-rebalancing strategies (lifecycle, trigger-based, target allocation) rather than picking funds manually.
- Good if you may need to reduce your premium by up to 50% after 5 years without losing the policy, giving you flexibility if finances change.
How it actually works
- Two variants: Growth Plus (death benefit = highest of Sum Assured, fund value, or 105% of premiums) and Protect Plus (death benefit = Sum Assured + fund value, for those wanting more protection).
- Entry age 0-50 (Growth Plus, limited pay) or up to 60 (single pay); minimum annual premium ₹60,000 (₹72,000 for non-annual modes) or ₹2,50,000 single pay.
- Sum assured ranges 1.25x-10x annualized premium (Growth Plus) or 5x-10x (Protect Plus).
- No premium allocation charge; fund management charge 1.35% p.a. (0.75% for index funds); policy administration charge capped at ₹500/month.
- Top-ups (min ₹500), unlimited free switches, partial withdrawals after the 5-year lock-in (up to 20% of fund value/year), and a Systematic Withdrawal Plan are all available.
- Maturity can be taken as a lump sum or spread over 1-5 years via a settlement option.
Worked example
A 35-year-old paying ₹15,000/month for 10 years under Growth Plus with a 40-year term: at an assumed 8% return, maturity value is about ₹1.63 crore; at 4%, about ₹40.9 lakh. Reduction in Yield after charges is 1.52-1.72% at 8% gross return. Returns are illustrative and not guaranteed.
Worth knowing
- 5-year lock-in; no liquidity or partial withdrawals before that.
- Discontinuing premiums during lock-in moves your money to a Discontinued Policy Fund earning a minimum 4% p.a.
- Investment risk is entirely borne by the policyholder — no guaranteed returns on the linked funds.
- Suicide clause: only fund value paid if death occurs within 12 months of policy start or revival.
A single-premium ULIP with a 10-year term, giving one-time investors life cover, a wide fund choice, and a maturity "Wealth Booster" of extra units.
You might need this if
- You might need this if you have a lump sum to invest once and don't want the commitment of recurring premiums.
- Useful if you want life cover attached to a single investment rather than buying insurance and mutual funds separately.
- Fits if you like having 20 fund options across equity, balanced, debt, and index categories to tailor your risk exposure.
- Good if a 2% "Wealth Booster" bonus at maturity and no premium allocation or admin charges appeal to you as a low-cost, one-time investment.
How it actually works
- Single premium only, minimum ₹1,00,000, no maximum; entry age 15-60; policy term is 10 years (maturity age 25-70).
- Sum assured multiple ranges from 1.10x to 10x the single premium depending on entry age.
- On death, nominee gets the highest of Sum Assured, fund value, or 105% of premiums paid.
- At maturity, a Wealth Booster equal to 2% of the single premium is added as extra units.
- No premium allocation or policy administration charges; fund management charge 1.35% p.a. (0.75% for Money Market Fund).
- Unlimited free switches, partial withdrawals after the 5-year lock-in (up to 20% of fund value/year), top-ups (min ₹2,000 with own 5-year lock-in), and a settlement option to spread maturity payout over up to 5 years.
Worked example
A 30-year-old male investing ₹1,00,000 once, fully in the Maximiser V fund, over the 10-year term: at an assumed 8% return, fund value is about ₹1,76,587; at 4%, about ₹1,18,485. Returns are illustrative, not guaranteed.
Worth knowing
- 5-year lock-in — no liquidity at all during this period, even though the policy term is only 10 years.
- Investment risk is borne entirely by the policyholder; no guaranteed returns on chosen funds.
- Discontinuance during lock-in moves your money to a Discontinued Policy Fund (0.50% FMC, 4% minimum guaranteed interest).
- Suicide clause: only fund value (excluding top-up sum assured) payable if death occurs within 12 months of inception or revival.
A high-ticket ULIP (minimum ₹1 lakh/year) with optional whole-life cover to age 99, a guaranteed 7% compounding "Wealth Booster" on allocation charges, and four portfolio strategies.
You might need this if
- You might need this if you're investing a substantial annual premium (₹1 lakh+) and want a plan that rewards long holding periods with charge give-backs.
- Useful if you want the option of life cover extending to age 99 rather than a fixed term ending in your 60s.
- Fits if you like the idea of allocation charges being refunded with 7% p.a. compounding at year 15, effectively lowering your net cost over time.
- Good if you want a large fund menu (25+ funds) with multiple automated rebalancing strategies including a detailed age-based lifecycle option.
How it actually works
- Limited pay: entry age 0-60, min premium ₹1,00,000/year, premium term 5-12 years, policy term up to 75 minus entry age or whole life; Single pay: entry age 0-65, min 10-year term.
- Sum assured is 7x-10x annualized premium (ages 0-49) or 5x-10x (age 50+).
- Wealth Booster: premium allocation charges deducted during the term are credited back as extra units at year 15, compounded at a guaranteed 7% p.a.
- Death benefit is the highest of Sum Assured, 105% of premiums paid, or fund value.
- Premium allocation charges start at 5% (years 1-7), drop to 3.5% (years 8-10), then 0% from year 11; fund management charge 0.75%-1.35% p.a.
- Top-ups, sum assured increases/decreases, term extension, and 4 free annual portfolio-strategy switches are all supported; partial withdrawals begin after 5-year lock-in (min ₹2,000).
Worked example
A 40-year-old investing ₹5,00,000/year for 7 years: at an assumed 8% return, maturity value is about ₹2.68 crore; at 4%, about ₹79.6 lakh. These figures are illustrative, not guaranteed.
Worth knowing
- 5-year lock-in, no liquidity before that; minimum entry premium is relatively high at ₹1 lakh/year.
- No policy loans available.
- Partial withdrawals can only continue until fund value drops to 2x annualized premium, and they draw from top-up funds first.
- No rider cover is available during the settlement (maturity payout) period.
A protection-oriented ULIP with a Life option (emphasizes cover) or Growth option (emphasizes returns), designed for very long terms (30-40 years) and refunds a chunk of your charges back from year 11 onward.
You might need this if
- You might need this if you're starting young and want a decades-long combined insurance + investment plan — terms run 30-40 years.
- Useful if you want to choose between prioritizing family protection (Life option) or prioritizing wealth growth (Growth option) under one product.
- Fits if you like the idea of getting previously-deducted charges refunded as extra units starting in year 11, which lowers your effective cost the longer you stay invested.
- Good if you want a maturity booster — extra units worth 20% of your average fund value over the last 8 quarters — added automatically at maturity.
How it actually works
- Entry age 18-55 (Life option) or 18-50 (Growth option); premium payment term 5-12 years; minimum annual premium ₹40,000-₹1,00,000; minimum sum assured ₹4-10 lakh.
- Death benefit is the highest of Sum Assured (with top-ups), fund value, or 105% of premiums paid.
- Return of Charges: from year 11, premium allocation charges are refunded at 2x (Life option) or 1x (Growth option), and mortality charges at 1.5x-3.5x (Life) or 1x-2.5x (Growth) depending on the year.
- Maturity Booster: extra units equal to 20% of the average fund value over the last 8 policy quarters.
- Premium allocation charge starts at 6% (years 1-3), drops to 3% (years 4-7), then 0% from year 8; fund management charge 0.75%-1.35% p.a.
- Riders available: Accidental Death & Disability, and Waiver of Premium. Partial withdrawals after 5-year lock-in (min ₹2,000, up to fund reaching 4x annualized premium); up to 99 top-ups allowed.
Worked example
A 30-year-old male, Life option, ₹1 crore sum assured, paying ₹80,000/year for 10 years over a 40-year term (total premiums ₹8,00,000): projected maturity fund value is about ₹89.84 lakh at 8% assumed return, or about ₹30.17 lakh at 4%. Reduction in Yield for a ₹40,000/year premium example drops from 1.26% at year 15 to -0.08% at year 40, reflecting the long-term charge refunds.
Worth knowing
- 5-year lock-in; no surrenders or withdrawals allowed before that.
- The Return of Charges and Maturity Booster benefits only materialize with very long holding periods (11+ years, and full term for the booster) — early exits don't get these perks.
- Funds don't offer a guaranteed or assured return; investment risk is entirely the policyholder's.
- Suicide clause: only fund value payable if death occurs within 12 months of commencement or revival.
ULIP
Protect N Gain Whole Life
+
A whole-life version of Protect N Gain, covering you until age 99 with a high minimum sum assured (₹50 lakh), designed for people who want lifelong protection bundled with market-linked wealth building.
You might need this if
- You might need this if you want life cover that doesn't expire at retirement — coverage runs until age 99.
- Useful if you're comfortable committing to a high minimum sum assured of ₹50 lakh and want serious protection alongside investing.
- Fits if you value a declining death benefit factor structure that's understood upfront, paired with growth boosters that reward staying invested long-term.
- Good if you want multiple guaranteed "booster" mechanisms (return of charges, maturity booster, loyalty additions, cover continuance booster) layered onto your ULIP.
How it actually works
- Entry age 18-50; premium payment term 7-12 years; policy term runs to age 99; minimum sum assured ₹50,00,000.
- Death benefit is the highest of fund value, minimum death benefit, or (10x annualized premium OR death benefit factor × sum assured) plus top-ups — the death benefit factor declines from 1.0 (up to policy year 26) down to 0.1 (year 31+).
- Maturity Booster: 20% of average fund value over the last 8 quarters, added as bonus units.
- Loyalty Additions: from the year equal to (67 minus entry age), an annual 0.50% of average fund value is added as guaranteed units.
- Cover Continuance Booster: after the premium payment term ends, extra units are added monthly to help maintain fund value at least equal to the annualized premium.
- Premium allocation charge 6% (years 1-3), 3% (years 4-7), then 0%; riders available include Accidental Death & Disability, Waiver of Premium, and Health Protect.
Worked example
A 40-year-old with ₹1 crore cover paying ₹1.33 lakh/year for 10 years gets ₹1 crore guaranteed death benefit during earning years. On surviving the full term, illustrative maturity value is about ₹46.9 lakh at 4% assumed return or about ₹3.82 crore at 8% — figures are illustrative only, not guaranteed.
Worth knowing
- The death benefit factor declines sharply after policy year 26, meaning the guaranteed multiple of premium/sum assured payable on death shrinks substantially in later years — check this carefully against your protection needs.
- 5-year lock-in; no policy loans available.
- If the fund value hits zero after lock-in (having paid all premiums), the policy can foreclose with no further benefits.
- Suicide clause: only fund value payable within 12 months of inception or revival.
A high-ticket ULIP for affluent investors, requiring minimum annual premiums of ₹2.5 lakh, with a choice of 9 funds and two death-benefit structures.
You might need this if
- You might need this if you have substantial surplus income (₹2.5 lakh+/year) and want market-linked growth bundled with life cover in one product.
- You might need this if you want a choice between a leaner death benefit (Gold) and a richer one that pays sum assured on top of the fund value (Platinum).
- You might need this if you want access to a wide spread of 9 funds, from pure equity to money market, under a single policy.
- You might need this if you're prepared to stay invested at least 5 years (the mandatory lock-in) and ideally the full 15-30 year term.
How it actually works
- Entry age 18-70; policy term 15-30 years; premium paying term is Limited (7, 10, or 12 years) or Single Pay; minimum yearly premium is ₹2,50,000.
- Sum assured is 7× annualized premium (limited pay) or 1.25× single premium (single pay); choose between Gold or Platinum death benefit structure.
- Death benefit: Gold pays the highest of fund value, sum assured minus withdrawals, or 105% of premiums paid; Platinum pays fund value plus sum assured, or 105% of premiums paid if higher.
- An inbuilt Accident Benefit (up to ₹50 lakh) covers accidental death and total permanent disability at no separate underwriting.
- Fund management charges range 0.25%-1.35% p.a. by fund type; premium allocation charge is 2.5% for years 1-5, then nil from year 6.
- Two free fund switches per policy year; partial withdrawals allowed from year 6, capped at 15% of fund value, with the fund value required to stay above 50% of total premiums paid.
Worked example
A 30-year-old paying ₹5,00,000/year for 10 years (Gold option, 100% Equity Elite Fund II, ₹35 lakh sum assured, 20-year term): projected maturity fund value ranges from about ₹73,61,143 (at 4% assumed return) to ₹1,34,05,910 (at 8% assumed return) — illustrative only, not guaranteed.
Worth knowing
- As a ULIP, all investment risk sits with you — fund values can fall as well as rise, and past fund performance isn't a guide to future returns.
- No liquidity in the first 5 years — you cannot surrender or withdraw during this lock-in period; discontinuing sends the fund to a low-yield Discontinued Policy Fund.
- Discontinuance charges apply in years 1-4 (up to 6% of premium, capped by rupee amount), dropping to nil from year 5.
- Minimum entry premium of ₹2,50,000/year makes this plan accessible only to higher-income buyers.
ULIP
Smart Privilege Plus
+
A flexible ULIP with a wide 10-30 year term range, access to 12 funds, unlimited free switching, and loyalty additions that build up from year 6 onward.
You might need this if
- You might need this if you want a ULIP with a broader entry-age window (including for minors, from age 8, under Regular/Limited Pay) than typical adult-only plans.
- You might need this if you value unlimited free fund switching to actively manage your allocation over the years.
- You might need this if you want loyalty-driven boosts to your fund value simply for staying invested long-term (additions from year 6, scaling up to year 30).
- You might need this if you want the option to add both accidental death and disability riders on top of market-linked growth.
How it actually works
- Entry age 8-55 (Regular/Limited Pay) or 13-55 (Single Pay); maturity age 18-70; policy terms 10-30 years.
- Minimum premium is ₹50,000/month (Regular/Limited Pay) or ₹6,00,000 as a single lump sum; Limited Pay terms run 5-29 years.
- Death benefit is the highest of current fund value, sum assured minus withdrawals, or 105% of total premiums paid.
- Loyalty Additions are credited from policy year 6 onward, ranging 1.0%-7.0% of average fund value, stepping up at years 6, 10, 15, 20, 25 and 30.
- Fund management charges run 0.25%-1.35% p.a. across 12 funds; premium allocation charge is 2.5% in years 1-5, then nil.
- An optional Accident Benefit Rider adds up to ₹2 crore Accidental Death cover (3× base sum assured cap) and up to ₹1.5 crore Accidental Partial Permanent Disability cover.
Worked example
Mr. Jain, age 30, Regular Pay with riders (₹15,12,970 annual premium, ₹1.05 crore sum assured, 20-year term): projected maturity fund value ranges from ₹4,31,74,009 (4% assumed return) to ₹6,78,63,212 (8% assumed return).
Worth knowing
- No liquidity in the first 5 years — surrenders and full withdrawals are barred during the lock-in period.
- As with all ULIPs, the investment risk is entirely borne by the policyholder; fund NAVs can go up or down with markets.
- Discontinuing premiums during the lock-in shifts your money into the Discontinued Policy Fund (4% guaranteed minimum) until year 6.
- Partial withdrawals only begin from year 6, and only once the life assured has reached at least 18 years of age.
A fully online, low-entry-cost ULIP with a choice of a hands-off age-based Growth Strategy or manual fund selection across 12 funds, and zero premium allocation charge.
You might need this if
- You might need this if you want to start a ULIP online with a relatively modest premium (from ₹3,000/month or ₹36,000/year).
- You might need this if you'd rather not actively manage fund choices and prefer an automatic age-based glide path (the Growth Strategy).
- You might need this if you do want hands-on control and prefer picking from 12 funds yourself (the Active Strategy) with unlimited switches for premium redirection.
- You might need this if a zero premium allocation charge (100% of every premium invested from day one) matters to you when comparing ULIPs.
How it actually works
- Entry age 18-50; maximum maturity age 65; policy term 10-30 years minimum; premium paying term is Regular (matches term) or Limited Pay (7-10 years).
- Minimum premium: ₹3,000/month or ₹36,000/year; sum assured is set at 10× annualized premium.
- Growth Strategy auto-shifts allocation from equity-heavy (up to 80%) toward debt/money market as maturity nears; Active Strategy lets you pick manually from 12 funds.
- Death benefit is the highest of fund value at notification, sum assured minus prior withdrawals, or 105% of total premiums paid.
- There's no premium allocation charge at all — only a ₹100/month policy administration charge (capped at ₹500) and fund management charges of 0.25%-1.35% p.a.
- Two free switches/year (Active Strategy only) and one free partial withdrawal per year from year 6 onward, capped at 15% of fund value.
Worked example
Ms. Tina, age 30, pays ₹1,00,000/year for a 20-year term with ₹10,00,000 sum assured: projected maturity value ranges from ₹26,65,768 (4% assumed return) to ₹41,92,530 (8% assumed return); a death claim in year 10 would range from ₹11,41,104 to ₹14,24,906 depending on assumed growth.
Worth knowing
- No liquidity for the first 5 years — this is a standard ULIP lock-in that applies here too.
- Discontinuance charges in year 1 can run up to 20% of premium for high-premium policies, tapering to nil by year 5.
- Fund switching (Active Strategy) is capped at 2 free/year; additional switches cost ₹100 each.
- As with all ULIPs, fund performance is not guaranteed and the investment risk sits entirely with the policyholder.
ULIP
Smart Fortune Builder
+
A goal-oriented ULIP that adds guaranteed additions at year 10 and every 5 years after, on top of market-linked fund growth, across a 15-30 year horizon.
You might need this if
- You might need this if you're saving toward a specific long-term goal (education, retirement, a big purchase) 15-30 years out and want built-in loyalty boosts along the way.
- You might need this if you want the reassurance of guaranteed additions at fixed milestones (year 10, then every 5 years) layered on top of variable market returns.
- You might need this if you're comfortable putting in ₹40,000-50,000+ a year and want a choice among 12 funds to match your risk appetite.
- You might need this if you'd like the option to add accident death/disability riders without buying a separate policy.
How it actually works
- Entry age 18-55; maximum maturity age 70; policy terms 15-30 years; premium options are Regular Pay, Limited Pay (7/10/12/15 years), or Single Pay.
- Minimum premium is ₹40,000-50,000/year (Regular/Limited Pay) or ₹65,000 (Single Pay); sum assured is 10× annualized premium or 1.25× single premium.
- Death benefit is the highest of current fund value, sum assured minus withdrawals, or 105% of premiums paid.
- Guaranteed Additions are credited at year 10 and every 5 years thereafter (in-force policies only), plus extra maturity additions of 5-10% of premium for higher premium bands — up to 150% cumulative for 30-year Regular Pay policies.
- Premium allocation charge starts at 9% in year 1, tapering to 0% by year 11 onward; fund management charges run 0.25%-1.35% p.a. across 12 funds.
- An Accident Benefit Rider adds Accidental Death cover (up to ₹75 lakh, 3× sum assured cap) and Accidental Partial Permanent Disability cover (up to the sum assured).
Worked example
Mr. Sanjay, age 35, pays ₹50,000/year for a 30-year term (₹5,00,000 sum assured, 100% Bluechip Fund): projected maturity value ranges from ₹22,82,166 (4% assumed return) to ₹45,42,661 (8% assumed return).
The tiers
| Premium Band | Extra Guaranteed Addition at Maturity |
|---|
| Below ₹1 lakh/year | 0% |
| ₹1-2 lakh/year | 5% |
| ₹2 lakh+/year | 10% |
Worth knowing
- No surrenders or partial withdrawals allowed during the mandatory 5-year lock-in, standard for all ULIPs.
- Premium allocation charge is steep in year 1 (9%) compared to some peer ULIPs, before dropping to zero from year 11.
- Guaranteed additions require the policy to remain in-force at each milestone — lapsing forfeits that boost.
- As with all ULIPs, investment risk and any shortfall from assumed illustrated returns are borne entirely by the policyholder.
ULIP
Param Raksha Life Pro Plus
+
A unit-linked plan that bundles a large term-style life cover with market-linked fund investing and add-on health/accident benefits, aimed at buyers who want high protection and investment growth in one policy.
You might need this if
- You want a high life cover (minimum ₹50 lakh, no upper cap) alongside a market-linked investment component, instead of buying a separate term plan and a separate ULIP.
- You're comfortable committing to a long-term policy — terms run from 30 up to 82 years, with premium payment terms of 5 to 67 years — in exchange for structured wealth building plus insurance.
- You want accident protection layered in: additional accidental death and total/permanent disability cover ranging roughly ₹45 lakh to ₹5 crore.
- You'd value an early payout if diagnosed with a terminal illness, rather than the family waiting for a standard death claim.
- You want fund-switching flexibility and access to top-rated (4-5 star Morningstar) fund options rather than a fixed traditional payout.
How it actually works
- Entry age runs 18-65; life cover can continue up to age 100, while accident-related benefits (ADB/ATPD) apply only up to age 85.
- Minimum annual premium depends on your payment term: about ₹20,000/year for a 5-6 year limited-pay term, ₹18,000/year for 7-9 years, and ₹15,000/year for longer terms.
- Premiums (minus charges) are invested in your chosen mix of equity/debt/balanced funds; you can switch funds for free as markets or your risk appetite change.
- On death, the nominee gets the applicable death benefit per policy terms; on maturity, you get the accumulated fund value, plus a maturity booster and a refund of eligible 'Health Buddy' wellness premiums paid.
- A terminal-illness diagnosis triggers an advance payout of about 10% of the base sum assured, ahead of the full claim.
- Optional extras include doctor teleconsultations and medical second-opinion support bundled into the plan.
The tiers
| Limited-pay term | Minimum annual premium |
|---|
| 5-6 years | ₹20,000 |
| 7-9 years | ₹18,000 |
| 10+ years / regular pay | ₹15,000 |
Worth knowing
- ULIPs like this carry a mandatory 5-year lock-in and no full liquidity before that — don't fund this with money you might need in the first 5 years.
- Fund returns aren't guaranteed; the investment risk sits with you as the policyholder, not the insurer.
- The official brochure PDF for this exact plan wasn't directly openable during this research (Tata AIA's site blocks automated PDF access); figures above are cross-checked against the insurer's product page and a licensed aggregator, but confirm current terms before buying.
- Charges (fund management, mortality, discontinuance) apply and reduce net returns versus the headline premium — ask for the charge schedule before comparing this to a pure mutual fund SIP.
ULIP
Param Raksha Life Pro
+
A bundled term-plus-ULIP style plan pairing a Tata AIA unit-linked policy (Smart Sampoorna Raksha Supreme) with a separate health/wellness product (Vitality Protect Advance), aimed at buyers wanting high life cover with market-linked upside.
You might need this if
- You want a large life cover (minimum ₹50 lakh, uncapped upside) combined with market-linked investing, similar in spirit to Param Raksha Life Pro Plus but structured as a bundle of two underlying products.
- You want the option of very long policy terms (this plan is illustrated with terms up to 50 years) for lifelong-style protection plus growth.
- You'd like a first-year discount on the health/wellness (Vitality Protect Advance) component as an added incentive.
- You want to see realistic outcomes before committing — the insurer's own illustration shows both an optimistic and a conservative growth scenario, not just a rosy headline number.
How it actually works
- Entry age 18-65; life cover can run to age 100, accident-related benefits to age 85; premium payment terms range from 5 years up to age 85.
- Minimum annual premium mirrors the Pro Plus structure: about ₹20,000/year for 5-6 year limited pay, ₹18,000/year for 7-9 years, ₹15,000/year for longer or regular pay.
- Sum assured starts at ₹50 lakh for life cover (no upper limit) and ₹45 lakh for accidental death/disability (up to ₹5 crore).
- On death, your nominee gets a lump-sum payout; a total/permanent-disability accident also triggers a benefit; a terminal-illness diagnosis pays roughly 10% of sum assured early.
- At maturity you receive the fund value built up over the term, plus return of the Vitality Protect Advance premiums you paid.
- Tata AIA's own example (₹1 crore sum assured, 50-year term) shows the swing in outcomes: at an assumed 8% fund growth, maturity value works out to about ₹1.36 crore (illustrated IRR ~5.4%); at an assumed 4% growth, it drops to about ₹11.2 lakh — below total premiums paid once charges are factored in.
Worked example
Tata AIA's own illustration for a ₹1 crore sum assured over a 50-year term: at an assumed 8% p.a. fund growth, the projected maturity value is about ₹1.36 crore (illustrated IRR ~5.4%). At the conservative assumed 4% p.a. growth, the projected maturity value falls to about ₹11.2 lakh — actually below the total premiums paid once charges are factored in. This is exactly why ULIP illustrations show two scenarios: actual returns are not guaranteed.
The tiers
| Limited-pay term | Minimum annual premium |
|---|
| 5-6 years | ₹20,000 |
| 7-9 years | ₹18,000 |
| 10+ years / regular pay | ₹15,000 |
Worth knowing
- This is a bundled product — the ULIP piece and the Vitality Protect Advance piece are effectively separate components sold together, so read both sets of terms.
- The insurer's own conservative-scenario illustration (4% growth) shows a possible negative real return after charges — a reminder that ULIP charges meaningfully affect net outcomes over decades.
- 5-year lock-in applies, with no free withdrawals before that.
- As with Pro Plus, the direct brochure PDF wasn't retrievable during this research; figures come from the insurer's product page and a specialist ULIP review site — verify against the current official document.
This insurer hasn't published a standalone brochure PDF for this plan — the notes above are drawn from their official product page instead.
Full page →
ULIP
Param Raksha Life Maxima+
+
A whole-life-style ULIP pairing high life cover (to age 99-100) with market-linked investing and a wellness-linked premium discount program, aimed at younger buyers wanting decades of combined protection and growth.
You might need this if
- You're early-to-mid career (entry age capped at 45) and want a single policy that covers you to around age 100 while also building an investment corpus.
- You want your everyday health habits to actually lower your cost — the Tata AIA Vitality Wellness Program offers up to a 10% discount tied to wellness activity.
- You want accident cover bundled in — up to ₹2 crore for accidental death/disability, on top of the base life cover.
- You want your wellness-program premiums (not just the base premium) returned to you at maturity rather than treated as a sunk cost.
How it actually works
- Entry age 18-45; policy term 30-40 years; life cover can extend to age 100, accident benefits to 85.
- Premium payment options: limited pay over 5, 10, or 12 years, or regular pay over the full 30/40-year term; minimum annual premium is about ₹20,000 for the 5-year pay term, ₹15,000 for other terms.
- Life cover sum assured ranges from ₹50 lakh to ₹5 crore; accident (ADB/ATPD) cover goes up to ₹2 crore, with a 2x multiplier if the accident happens on public transport.
- On death, the nominee receives a lump-sum payout; on maturity, you get the market-linked fund value plus a return of all Vitality Protect Advance premiums paid during the term.
- Wellness-linked pricing gives up to a 10% discount on the first year's premium, plus ongoing reward potential for staying active/healthy.
- Tax benefits apply under Sections 80C (premiums) and 10(10D) (maturity/death proceeds), per prevailing income tax law.
The tiers
| Limited-pay term | Minimum annual premium |
|---|
| 5 years | ₹20,000 |
| 10 or 12 years / regular pay | ₹15,000 |
Worth knowing
- Entry age is capped at 45 — this plan is positioned for younger buyers, not near-retirement purchasers.
- Wellness discounts require ongoing engagement with the Vitality program; check what happens to pricing/benefits if you don't hit activity targets.
- 5-year ULIP lock-in applies; fund returns are market-linked and not guaranteed.
- The direct brochure PDF for this exact plan wasn't retrievable during this research; details are cross-checked against the insurer's product page and a licensed ULIP review aggregator.
This insurer hasn't published a standalone brochure PDF for this plan — the notes above are drawn from their official product page instead.
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ULIP
Shubh Invest Protect
+
A newly launched Tata AIA 'Term + Wealth' plan — confirmed as listed on the insurer's own site alongside Param Raksha Life Pro+ and Maxima+ — combining life cover with market-linked investing; detailed terms weren't publicly retrievable at the time of this research.
You might need this if
- You're comparing Tata AIA's 'Term + Wealth' plan family (alongside Param Raksha Life Pro+/Maxima+) and want to know Shubh Invest Protect exists and roughly where it sits — a bundled protection-plus-investment plan rather than a pure term or pure ULIP.
- You want high life cover with an opportunity to grow wealth in the same policy, which is how Tata AIA's own site describes this product category.
- You're doing early research before requesting a personalised illustration from an advisor or the insurer directly.
How it actually works
- Category-typical mechanics for this family of plans: pay premiums, a portion covers life insurance charges, and a portion is invested in market-linked funds you select.
- Expect a death benefit (lump sum and/or fund value to your nominee) and a maturity benefit (accumulated fund value) — the exact formula for this specific plan could not be confirmed.
- Like sibling plans in this family, likely features could include free fund switching, optional riders, and a 5-year lock-in — but these are typical-for-category assumptions, not confirmed facts about this plan.
- As a plan positioned in the 'Term + Wealth' family, it likely sits between a pure term plan (cheaper, protection-only) and a pure ULIP (investment-first) — but the exact balance for this plan couldn't be verified.
Worth knowing
- Tata AIA's site confirms this plan exists and is tagged 'New' under Term + Wealth plans, but the dedicated product page did not return specific eligibility, premium, or charge details during this research, and the official brochure is not publicly downloadable without a lead form.
- Do not rely on the 'how it works' bullets above for exact numbers — get the current brochure/illustration directly from Tata AIA or a licensed advisor.
- Being newly launched, terms and even the exact structure could still be evolving — always check the latest version before buying.
No public brochure found. The points above are general pointers based on this plan's name and category, not verified against the actual document — confirm details with the insurer before relying on them.
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A ULIP built around disciplined, SIP-style investing — zero allocation charges so your full premium is invested from day one — combined with life cover and a bundled 'Health Buddy' accident/health benefit.
You might need this if
- You like the discipline of a mutual-fund SIP but want life insurance bundled in, and you don't want allocation charges eating into your invested premium.
- You want flexibility on contribution size — premiums here can start from about ₹1,000/month up to roughly ₹2.5 lakh/year — to fit a range of budgets.
- You want a long investment runway — policy terms go up to 50 years — for genuinely long-horizon goals like retirement.
- You want built-in accident and terminal-illness protection (via the Health Buddy component) without buying a separate rider policy.
- You want to switch between funds for free as your risk appetite or market view changes, without extra cost.
How it actually works
- Entry age 18-50; policy term 10-50 years; premium payment term is 5-20 years for limited pay or 10-50 years for regular pay.
- Because allocation charges are nil, all of your premium (minus mortality and fund management charges) is invested in your chosen funds from the first payment.
- Choose from 50+ funds spanning equity (multi/large/mid/small cap), fixed income, balanced, and index options; Tata AIA cites some funds (e.g. Multi Cap) with historical 10-year returns in the 20%+ range — past performance, not a promise.
- On death, the nominee receives the higher of the sum assured or the fund value; the bundled Health Buddy component adds accidental death, total permanent disability, and terminal-sickness cover.
- At maturity (if you're alive), you receive the accumulated fund value.
- A 5-year lock-in applies — no withdrawals or surrender in that window — after which partial withdrawals become available.
The tiers
| Parameter | Range |
|---|
| Entry age | 18-50 years |
| Policy term | 10-50 years |
| Minimum premium | ~₹1,000/month |
| Maximum premium | ~₹2.5 lakh/year |
Worth knowing
- 'Zero allocation charge' doesn't mean zero charges overall — fund management and mortality charges still apply and affect net returns.
- Fund performance figures quoted by the insurer/aggregators (e.g. 20%+ historical returns) are past performance for specific funds, not guaranteed future returns.
- 5-year lock-in with no full liquidity before that; early exit can mean getting back less than what you paid in.
- Section 80C premium deduction and maturity tax treatment follow prevailing income tax rules, which can change — don't assume today's tax treatment holds for a 30-50 year policy.
This insurer hasn't published a standalone brochure PDF for this plan — the notes above are drawn from their official product page instead.
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ULIP
Smart Fortune Plus
+
A flexible ULIP offered in four benefit structures (Wealth Secure, Future Secure, Goal Secure, Family Secure) so you can pick how death benefits are paid out — lump sum, continued investing, or ongoing income — alongside market-linked fund investing.
You might need this if
- You want to choose how your family is protected on your death — a straight payout, continued fund growth with premiums waived, or a monthly income stream — rather than a single fixed structure.
- You want a plan that can run for a whole lifetime: this plan supports whole-life-style coverage under its Wealth Secure option.
- You're comparing 60+ fund options across equity, balanced, fixed income, index, and pension-oriented funds, and want a plan with broad fund choice.
- You want fee-free flexibility — no charges for fund switching or partial withdrawal, and no discontinuance charge on the top-up premium portion.
- You want extra allocation boosts for being a higher-premium payer (High Premium Booster) or a female policyholder (Smart Lady Benefit), which add a bit of extra unit allocation over the term.
How it actually works
- Pick one of four structures at purchase: Wealth Secure (whole-life cover, maturity paid if you're alive), Future Secure (on death, insurer funds future premiums and the fund keeps growing for the family), Goal Secure (death benefit plus continued fund value), or Family Secure (monthly income of about 1% of sum assured to the family, with the insurer funding further premiums).
- Premiums can be paid single, annual, semi-annual, quarterly, or monthly; top-up premiums (minimum ₹1,000) are also allowed.
- Money is invested in your chosen mix from 60+ funds; loyalty additions of about 0.20% of units are credited annually starting from the 11th policy year.
- Female policyholders get an extra 0.50% of annualised premium (0.25% of single premium) added to allocation in year one; higher annual premiums (₹50k+, ₹1.2L+) unlock an additional 0.25-0.50% allocation booster.
- At maturity, you (or the plan structure you chose) receive the fund value including any top-up fund value, valued at the prevailing NAV.
- If you stop paying premiums after the lock-in, the policy can continue as reduced paid-up, with mortality charges applied only to the reduced sum assured.
The tiers
| Option | What happens on death |
|---|
| Wealth Secure | Policy ends; nominee gets death benefit; no further premiums |
| Future Secure | Insurer pays future premiums; fund keeps growing for family; maturity value paid later |
| Goal Secure | Nominee gets death benefit plus the fund value continues to accumulate |
| Family Secure | Family gets ~1% of sum assured monthly; insurer funds further premiums; maturity value paid later |
Worth knowing
- The four options materially change what your family receives and when — 'Family Secure' trades a lump sum for ongoing monthly income, which suits some households and not others; understand the trade-off before choosing.
- 5-year ULIP lock-in and market-linked, non-guaranteed returns apply as with any ULIP.
- Loyalty additions and boosters only kick in from certain years or premium tiers — don't assume you'll automatically get the maximum booster percentage.
- The exact PDF brochure couldn't be opened directly during this research (Tata AIA blocks automated downloads); details are drawn from the insurer's product page and rider/UIN references found via a licensed aggregator — confirm current terms before buying.
This insurer hasn't published a standalone brochure PDF for this plan — the notes above are drawn from their official product page instead.
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A ULIP offering life cover up to age 80 combined with market-linked investing across 11 fund options, aimed at buyers who want structured wealth-building with flexible premium payment terms.
You might need this if
- You want life cover that runs long (up to age 80) alongside an investment component, rather than buying term and mutual funds separately.
- You want to choose between paying once (single pay) or over a limited number of years, rather than being locked into paying for the entire policy term.
- You want a moderate, curated set of fund choices (11 options) rather than being overwhelmed by dozens of funds.
- You're comfortable investing a meaningful amount upfront — minimum premium is around ₹1 lakh single pay or ₹50,000/year for regular/limited pay — for a more substantial investment-linked policy.
- You want optional riders (accidental death, waiver of premium among them) layered on top of the base cover.
How it actually works
- Entry age 0 (30 days) to 59 years; maturity age 18-75; policy term 15-40 years.
- Minimum premium: about ₹1 lakh for single pay, or ₹50,000/year for regular or limited pay.
- Premiums are invested across your choice of the plan's 11 fund options; loyalty additions are credited periodically to boost the fund value over time.
- Partial withdrawals are permitted after you've completed 5 policy years, subject to plan rules.
- On death, the nominee typically receives the higher of sum assured or fund value (standard ULIP structure); at maturity, you can take the payout as a lump sum or in instalments.
- Tax benefits apply under Section 80C (premiums) and Section 10(10D) (proceeds), subject to prevailing tax law and premium-to-cover ratio conditions.
The tiers
| Parameter | Detail |
|---|
| Entry age | 0 (30 days) - 59 years |
| Policy term | 15-40 years |
| Minimum premium (single pay) | ~₹1,00,000 |
| Minimum premium (regular/limited pay) | ~₹50,000/year |
| Fund options | 11 |
Worth knowing
- 5-year lock-in applies before any withdrawal or surrender, standard for ULIPs in India.
- Minimum premiums here are meaningfully higher than many other Tata AIA ULIPs (like Smart SIP or Premier SIP), making this a higher-ticket product.
- Returns are market-linked and not guaranteed; loyalty additions and other boosters have specific eligibility years/tiers — check the payout schedule rather than assuming immediate benefit.
- The official brochure PDF link provided couldn't be opened directly during this research due to the insurer's site blocking automated PDF access; figures are cross-checked against the insurer's product page and an aggregator summary.
A ULIP positioned as Tata AIA's systematic-investment-style plan, with zero premium allocation charges and access to funds carrying 4-5 star Morningstar ratings, aimed at investors who want SIP-like discipline plus life cover.
You might need this if
- You like SIP-style disciplined investing but want a life insurance wrapper around it, and don't want an allocation charge taken off the top of every contribution.
- You want to invest in funds that carry independent (Morningstar) quality ratings rather than picking blind.
- You want flexibility on how you eventually draw money out — Tata AIA highlights multiple post-lock-in income options (systematic, capped, and index-based withdrawal plans) rather than a single fixed payout method.
- You want a plan with a genuinely broad entry-age window, useful whether you're buying for yourself or for a minor.
How it actually works
- Entry age spans roughly 30 days to 65 years, with maturity age 18-85 and policy terms up to about 30 years, depending on the option and age at entry.
- Zero premium allocation charges mean your premium (minus mortality/fund charges) goes fully into your chosen funds from the outset.
- Fund menu is built around funds Tata AIA describes as 4-5 star Morningstar-rated at the time of marketing (ratings change over time).
- After the mandatory lock-in, you can draw income via SWP (systematic), CWP (capped), or IWP (index-based) withdrawal strategies rather than being limited to one method.
- A waiver-of-premium style benefit can keep the policy going through specified unforeseen events, per plan terms.
- Standard ULIP mechanics apply: choose funds, pay premiums, values move with markets, and death/maturity benefits are paid from the fund value (plus any minimum sum-assured guarantee, per policy wording).
Worth knowing
- Some third-party summaries of this plan closely echo language used for Tata AIA's other ULIPs (like Smart Fortune Plus) — treat exact benefit-option names and formulas as indicative, not confirmed, until you see the current official brochure.
- 'Zero allocation charge' still leaves fund management and mortality charges in place; ask for the full charge schedule.
- 5-year lock-in applies; Morningstar-style fund ratings can and do change, so don't treat a rating seen in marketing material as permanent.
- The direct brochure PDF wasn't accessible during this research; this description is built from the insurer's own product page plus aggregator research.
This insurer hasn't published a standalone brochure PDF for this plan — the notes above are drawn from their official product page instead.
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ULIP
I Systematic Insurance Plan
+
A unit-linked plan sold in two variants — iSIP Wealth (general wealth building) and iSIP Young Genius (child-focused) — offering 24 fund choices, zero allocation/admin charges, and a distinctive feature that refunds mortality charges from the 11th year onward.
You might need this if
- You want a ULIP with a genuinely wide fund shelf — 24 options spanning equity, balanced, and fixed-income risk levels — to build a portfolio inside one policy.
- You want the insurer's mortality charges eventually returned to you: from the 11th policy year, previously deducted mortality charges are added back as extra units, refunded in full by maturity.
- You're saving specifically for a child's future — iSIP Young Genius keeps the policy (and the child's future fund) going even if the parent-policyholder dies, since the insurer takes over premium funding.
- You want zero premium allocation and zero policy administration charges, so more of every rupee goes toward your investment from day one.
- You're a woman investor — a Smart Lady Benefit adds a small extra allocation (0.50% of annualised premium) purely for being a female policyholder.
How it actually works
- Choose iSIP Wealth (entry age from 30 days) for general wealth creation, or iSIP Young Genius (entry age 18+, for the parent, benefiting a child) with policy terms of roughly 10-40 years.
- Charges: nil premium allocation charge, nil policy administration charge; fund management charges range 0.65%-1.35% p.a. depending on fund; a discontinuance charge applies only if you stop premiums within the first 5 years.
- Death benefit (iSIP Wealth): nominee gets the highest of basic sum assured, fund value, or 105% of total premiums paid, and the policy ends. Death benefit (Young Genius): the child's policy continues with the insurer funding future premiums, after an immediate lump-sum payout to the nominee.
- From the 11th policy year, mortality charges deducted so far are progressively credited back as bonus units — a full refund mechanism by maturity, not typical of most ULIPs.
- Wealth Boosters add 1.00%-2.50% of average fund value every 5 years from year 10 onward, scaled to your premium tier.
- Minimum premium is low for entry — ₹1,200/year for iSIP Wealth regular pay (₹6,000/year for Young Genius), or ₹1,000 for single pay — with a wide range of optional riders (health, accidental death, waiver of premium) available on top.
Worked example
From Tata AIA's own brochure: a 30-year-old paying ₹1,00,000/year for 10 years (₹10 lakh total invested) with a ₹10 lakh life cover is projected to reach a fund value of about ₹55 lakh if funds grow at an assumed 8% p.a., or roughly ₹20.8 lakh at a more conservative assumed 4% p.a. — both figures are illustrative, not guaranteed, and net of the plan's charges.
The tiers
| Charge type | Amount |
|---|
| Premium allocation charge | Nil |
| Policy administration charge | Nil |
| Fund management charge | 0.65%-1.35% p.a. (by fund) |
| Discontinuance charge (year 1, regular pay) | 5%-20% of premium (capped ₹3,000-6,000) |
| Discontinuance charge (after year 5) | Nil |
Worth knowing
- Like all ULIPs sold in India, this plan offers no liquidity in the first 5 years — money discontinued early goes into a low-return 'discontinued policy fund' until the lock-in ends.
- If you stop premiums within 12 months of increasing your sum assured and then die by suicide, that increase is forfeited — read the suicide-clause wording carefully.
- Illustrated 8%/4% growth scenarios are standard IRDAI-mandated illustration bounds, not predictions — actual fund performance can fall outside this range in either direction.
- No policy loan facility is available on this plan, unlike some traditional insurance products.
ULIP
Smart Sampoorna Raksha Supreme
+
A ULIP built around cost-refund mechanics — Tata AIA markets a full refund of premium allocation charges (paid back twice over) — plus 'boosters' designed to keep your cover from shrinking if fund performance dips.
You might need this if
- You're wary of ULIP charges eating into returns — this plan's headline feature is refunding premium allocation charges back to you, and doing so twice over the policy term, according to the insurer.
- You want protection against a common ULIP risk — cover lapsing or shrinking if fund value underperforms — via what Tata AIA calls 'Cover Continuance Boosters'.
- You want more than one way to draw an income from the policy after lock-in — the plan offers systematic, chosen-rate, and index-based withdrawal strategies rather than one fixed method.
- You want flexibility at maturity — take the fund value as a lump sum, or spread it over a 5-year settlement period instead.
- You want loyalty-based fund boosts for staying invested long-term, with additions starting from the 11th policy year.
How it actually works
- Standard ULIP entry: choose a sum assured and premium, and your money (after charges) is invested across Tata AIA's equity, balanced, and debt fund range with free switching between them.
- Allocation charges deducted from your premiums are credited back to your fund at specified policy milestones — described by the insurer as a refund of up to twice the total allocation charges over the term.
- Cover Continuance Boosters are designed to top up the fund/cover if performance lags, helping avoid a shortfall in the life cover component.
- After the lock-in, you can choose to draw money via a Systematic Withdrawal Plan (fixed % per year), a Chosen-Rate Plan (withdraws based on fund outperformance), or an Index-Based Plan (linked to a market index's performance).
- Loyalty additions are credited from the 11th policy year onward, adding extra units to reward continued investment.
- At maturity, choose a lump-sum payout or spread the proceeds over a 5-year settlement period instead of taking it all at once.
Worth knowing
- 'Refund of allocation charges' is a marketing framing for a specific unit-crediting mechanism — the exact percentages, trigger years, and conditions weren't accessible during this research; get the precise schedule from the official brochure or an advisor.
- 5-year ULIP lock-in and market-linked, non-guaranteed fund performance apply as with any ULIP.
- The withdrawal strategies (systematic/chosen-rate/index-based) have different risk/return trade-offs — understand each before selecting one, since the choice affects how long your money lasts.
- The official brochure PDF (linked) could not be opened directly during this research due to the insurer's site blocking automated downloads; details are cross-checked against multiple aggregator summaries of the same document — confirm exact figures before buying.
A goal-based ULIP marketed specifically for parents saving toward a child's wedding, built by combining Tata AIA's Fortune Guarantee Secure and Smart Fortune Plus products with payout timing designed around wedding milestones.
You might need this if
- You're a parent starting to save years ahead for a child's wedding and want a plan explicitly framed around that goal, rather than a generic savings product.
- You want payouts that can be timed to arrive around wedding-related milestones rather than a single lump sum at an arbitrary maturity date.
- You want life cover in place throughout the saving period, so the goal is still funded even if you're not there to keep contributing.
- You want your family's payout protected from creditors — the plan includes an MWPA (Married Women's Property Act) benefit option to ring-fence proceeds for named beneficiaries.
How it actually works
- Structurally, this plan combines two existing Tata AIA products — Fortune Guarantee Secure and Smart Fortune Plus — under one wedding-savings goal, rather than being a single ground-up new product.
- Premiums are invested across Tata AIA's fund range (e.g. Multi Cap, India Consumption, Top 50, and other equity/debt options) chosen to match your time horizon to the wedding.
- Payouts can be structured to land around planned milestones (e.g. as the wedding date approaches) instead of a single maturity lump sum, per the insurer's positioning.
- Life cover runs through the policy term; if the policyholder-parent dies, the plan's death benefit mechanics (per the underlying product combination) support the goal continuing.
- A Benefit Protect rider can waive future premiums during specified hardship events, keeping the wedding fund on track.
- As with any ULIP, there is no liquidity in the first 5 years — no partial or full withdrawal is possible in that window.
Worth knowing
- This is a repackaging of two existing ULIPs around a wedding-savings theme — check exactly which underlying product (Fortune Guarantee Secure vs Smart Fortune Plus terms) applies to your policy, since eligibility, charges, and fund options follow that product's actual documentation.
- 5-year mandatory lock-in with no liquidity, as with any Indian ULIP.
- Specific eligibility ages, premium minimums, and exact charge figures weren't accessible during this research — the picture above is a structural description, not a confirmed numbers-level fact sheet.
- 'Wedding milestone' payout timing is a marketing framing; get the actual payout schedule and any conditions in writing before assuming it lines up with your planned wedding date.
This insurer hasn't published a standalone brochure PDF for this plan — the notes above are drawn from their official product page instead.
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ULIP
Term Plan with Market-Linked Returns
+
A category label on Tata AIA's own site for its 'term cover plus market-linked investing' plan family (the same family that includes Param Raksha Life Pro/Pro+/Maxima+) rather than one single distinctly-named product.
You might need this if
- You searched for a 'term plan with market-linked returns' and want to know this isn't a single stand-alone product at Tata AIA — it's the insurer's umbrella positioning for its Param Raksha Life-style bundled plans.
- You want the core idea such plans offer: life insurance protection plus an investment component that can grow with markets, in one policy, instead of buying term insurance and a mutual fund SIP separately.
- You're comparing this category against pure term insurance and want to understand the trade-off before choosing a specific named plan (e.g. Param Raksha Life Pro, Pro+, or Maxima+) within it.
How it actually works
- On Tata AIA's site, this label routes to their 'Term + Wealth' plan family — in practice, you'd end up buying one of the specifically-named plans (like Param Raksha Life Pro or Param Raksha Life Pro+), not a product literally called 'Term Plan with Market-Linked Returns'.
- Generic mechanics of this plan family: a portion of your premium funds life cover, and the rest is invested in market-linked funds you choose, with fund value growing (or falling) based on market performance.
- Death benefit typically combines a lump-sum life cover payout with the fund value; maturity benefit is the accumulated fund value, since these are structured as ULIPs with life-cover.
- Standard ULIP charges apply — fund management, mortality, and (if applicable) discontinuance charges — on top of the invested premium.
Worth knowing
- If you're comparing this to Param Raksha Life Pro/Pro+/Maxima+ elsewhere in this reference, note they may well be the actual products behind this label — check for duplicate research rather than treating this as a wholly separate plan.
- Blending term insurance and investing in one product usually costs more in fees than buying pure term cover and investing the difference separately — run the comparison for your own goals.
- Specific eligibility, premium, and charge figures for a distinctly-named product under this exact title weren't found — treat the bullets above as describing the general category, not a confirmed single product's terms.
- Always confirm with Tata AIA or an advisor exactly which named plan you'd be buying under this heading before signing anything.
No public brochure found. The points above are general pointers based on this plan's name and category, not verified against the actual document — confirm details with the insurer before relying on them.
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