Premier SIP

What this product is

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 before you decide

• '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.

Official source

Not available in the current product data — this insurer has not published a standalone brochure PDF for this plan; the notes above are drawn from their official product page instead.

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