Children are one of the best delights in everyone’s life, and aside from giving the motivation to celebrate, it likewise means a fresh start for parents. Dealing with a youngster is maybe one of the most satisfying yet troublesome encounters. People should guarantee that their children’s future is dealt with concerning their health and education. The Tata AIA Life Insurance Super Achiever Plan is ideal to ensure something very similar. This Unit Linked Child Endowment Plan is non-participating and gives benefits even if there should be a less than perfect end for the policyholder. Worthwhile profits from maturity, choice to improve investment and settlement choices are only a portion of the benefits given by this policy. Policyholders can review eight Fund Options and improve programmed asset distribution and investment portfolio techniques.


Tata AIA Life Insurance Super Achiever is a non-participating Unit Linked Child Endowment Plan wherein the policy benefits proceed even after the lamentable occasion of the parent’s death. In this ULIP plan, the investment risk in the investment portfolio is borne by the policyholder. It is ideal for people hoping to consolidate market-linked returns while getting their youngster’s scholarly future.


  • Tata AIA Life Insurance Good Kid: It is a non-linked, expected gift confirmation plan that gives your children a method for accomplishing their future objectives. The policy offers cash back benefits anticipating the youngster’s educational and career needs. This youngster plan by TATA AIA Life insurance permits one to select recipients who will get all the policy benefits in the event of their unexpected demise without paying any future premiums.
  • Tata AIA Life Insurance Super Achiever Plan: It is a non-participating Unit Linked Child Endowment Plan wherein the policy benefits give to the recipient even after the sad end of the parent. In this ULIP plan, the investment risk is borne by the policyholder. It fits individuals who desire to procure market-associated returns while monetarily getting their children’s educational requirements.


  • The plan allows the policyholder to choose between a policy term going from 10 to 20 years.
  • The plan offers Guaranteed Maturity Additions to the policyholder toward the finish of the policy term
  • The policyholder can browse eight different fund choices to build his investment opportunities
  • The plan offers the policyholder the decision to pick between Automatic Asset Allocation Plus or PROFIT Investment Portfolio Strategy
  • The policyholder has the choice to upgrade his investment through top-ups
  • At maturity, the policyholder can decide to get the payout either in a singular amount or as periodical installments
  • The policyholder has the choice to pay premiums either every year, semi-every year or month to month according to their accommodation
  • The plan offers the policyholder tax benefits under segments 80C and 10(10D) of the Income Tax Act, 1961


  • Policyholders can drop this Life Insurance policy at any time if disappointed with its agreements. The organization will be obligated to refund all the premiums paid (without interest) after derivation of proportionate gamble charge, stamp obligation and clinical assessment cost.
  • Assuming individual lapses after the achievement increases during the last four policy years, the death benefit will not be diminished because of the installment of the equivalent.
  • Death benefits will be paid to the candidate even when people end it all in something like a year from the date of initiation or revival of the policy. It will be equivalent to the aggregate sum of premiums paid.
  • Contingent upon the essential sum assured band, policyholders are qualified for premium discounts. On the off chance that policy is in the scope of Rs 5 lacs and Rs 9.9 lacs, guarantors will get a rebate of 1.50 per 1000 essential sum assured and for amounts over 25 lac. It will be 4.00.


  • Proof of address: Aadhaar, Driving License, Passport
  • Identity Proof: PAN card, Passport, Driving License
  • Income Proof: Salary slips, bank statement, ITR
  • Medical History: Any relevant medical report


Following are some reasons that justify the importance of purchasing a child life insurance plan:

  • Funding Child’s Education: Child plans can assist you with putting away your cash and developing your corpus to fund your kid’s advanced education. Advanced education abroad can be over the top and expensive. With the assistance of Child life insurance plans, you can make a corpus and accommodate your kid’s education. You can fund your kid’s advanced education with the assistance of maturity benefit that will be given to you at the hour of plan maturity; Child life insurance additionally permits fractional withdrawals, so you pull out some amount during the policy term whenever required.
  • Funding Medical Emergencies: If your child must be hospitalized due to an ailment, you can fund such health-related crises with the assistance of a child’s life insurance plan. The incomplete withdrawal office under a child life insurance plan can assist you with funding for health-related concerns; you can pull out a specific amount before the maturity of the child life insurance policy.
  • Financial Security for your Child: Child life insurance plans assist you with giving monetary security to your child. The death benefit will be given to the child if your unexpected destruction during the policy residency. If the child is a minor, the death benefit will be given to the deputy. The sum assured on the death of the parent can guarantee the monetary security of the child in their parent’s absence.
  • Partial Withdrawals: A child life insurance plan permits halfway withdrawals, which assist you with funding your child’s extracurricular exercise, for example, singing, moving, and so on. This way, you can support your child’s ability. You can pull out a specific amount before the maturity of the child’s life insurance plan.


TATA AIA MULTI CAP FUNDS: These funds put resources into stocks across market capitalization. Their portfolio contains huge cap, midcap and small-cap stocks. They are generally safer contrasted with a pure mid-cap or a small-cap fund and are reasonable for not-really forceful financial backers. Tata Multicap Fund contributes across the huge cap, midcap, and small-cap stocks.

TATA AIA INDIA CONSUMPTION FUND: TATA AIA India Consumption Fund is an open-end Fund consolidated in India. The fund means to create capital appreciation in the long haul.

TATA AIA LARGE CAP FUNDS: Tata Large Cap Fund is an enormous cap one-sided Fund that centers around putting resources into fundamentally less valued large-cap organizations. The fund embraces a blend of top-down and granular perspectives to stock picking with a predisposition towards a nuanced view.

TATA AIA WHOLE LIFE MID CAP FUND: The Tata AIA Whole Life Mid Cap Equity Fund is an unassuming value fund that assigns. The fund house puts away the cash by appropriately examining the assets and the monetary business sectors internationally and locally.

TATA AIA WHOLE LIFE AGGRESSIVE GROWTH FUND: Aggressive Allocation funds contribute across numerous asset classes: value, fixed pay, cash and valuable metal-trade exchanged funds, among others. These funds will generally make more significant value allocations than Moderate Allocation funds.

TATA AIA WHOLE LIFE STABLE GROWTH FUND: Moderate Allocation funds contribute across various asset classes: value, fixed pay, cash and valuable metal-trade exchanged funds, among others. These funds will generally make more significant value allocations than Conservative Allocation funds. The allocation to Indian values typically goes from 30%-75% of all out assets in the typical running of the fund.

TATA AIA WHOLE LIFE INCOME FUND: The Tata AIA Whole Life Income Fund is a Unit-linked insurance fund. It puts resources into fixed-pay items with excellent credit quality. The essential driver for investment for the executives is the stability of return and head insurance over a drawn-out investment skyline.

TATA ATA WHOLE LIFE SHORT-TERM FIXED INCOME FUND: Short-Term Bond funds fundamentally put resources into investment-grade fixed-income securities with successful standard maturities going from one to three years. Given their emphasis on instruments with a short term, they offer lower-interest-rate sensitivity when contrasted with funds with longer lengths. They typically put resources into debentures, government securities, call money, commercial papers and certificate of deposits, among others.


Documents Required for Life Insurance Maturity Claims

  • Duly filled Policy Discharge Form
  • Original Policy Document
  • Photo ID Proof of the policyholder
  • Bank Account Details (copy of bank statement/canceled cheque)

Documents Required for Life Insurance Death Claims (Death Due to Medical Conditions)

  • Original Policy Documents
  • Duly Filled Claim Form
  • Nominee’s Photo ID Proof (Adhaar Card, Voter ID Card, Passport etc.)
  • Nominee’s Bank Account Details (such as bank statement/canceled cheque)
  • Death Certificate issued by the local authority
  • Attending Physician’s Statement
  • Treating Doctor’s Statement
  • Medical Records

Documents required for life insurance rider claims:

  • Doctor’s Report
  • Original or Copy of FIR
  • Original or Copy of Police Inquest Report
  • Original or Copy of Postmortem Report
  • Other Documents (as asked by insurance provider)


  • POLICY REVIVAL: During the revival period, the policy is re-established based on specific circumstances. In one case, the policyholder must pay the interest alongside the unpaid premium. In another situation, the policyholder must go through clinical trials to re-establish the policy.
  • RIDERS: Riders are add-on choices (Benefits) that can be added to an essential Life Insurance Policy – to give extra coverage.
  • EXCLUSION: An insurance contract will vow to pay out the sum assured when the expense is paid. Be that as it may, to limit misfortunes, the insurance organizations discuss exclusions in the cover they offer. Exclusions can be characterized as occasions and conditions not covered by the insurance policy.
  • CHARGES FOR ULIP: A ULIP is both an insurance policy and an investment. Besides giving life cover, ULIPs can assist you with accomplishing your life objectives with the force of market-linked returns.


The main advantages that Tata AIA Life Insurance Super Achiever offers are:

  • Guaranteed Maturity Addition – Dependable Maturity Addition at the rate of 5% of the units in every one of the funds under the Regular Premium Account will be credited to the particular funds at the maturity date.
  • Maturity Benefit – The policyholder will get the Total Fund Value, valued as per the NAV on the date of maturity, on survival to the furthest limit of the policy term.
  • Death Benefit – In the event of the unfortunate death of the policyholder during the policy term, the nominee will get the higher of:
    • The Basic Sum Assured
    • 105% of the total Regular Premiums paid
  • Partial Withdrawals – The plan enables the policyholder to make partial withdrawals in case of emergencies after five policy years have been completed.
  • Top-Up Flexibility – The policyholder has the choice to pay an extra premium as a ‘Top-up premium,’ as long as the policy is in force. The Sum Assured will be increment by the Top-Up Sum Assured when the policyholder benefits from a top-up.
  • Switching Benefit – During the policy term, the policyholder can change their investment starting with one fund and then onto the next because of economic situations. A total of twelve free switches are permitted during a policy year, after which charges will be pertinent.
  • Premium re-direction – The plan offers the policyholder the choice of premium re-bearing to assist that person with dispensing future premiums to an alternate fund or set of funds.
  • Free Look Period – If the policyholder isn’t happy with the terms and conditions illustrated in the plan, the person in question can drop and return the policy to the organization something like 15 days after getting the policy.


1. What would happen if I didn’t pay my premium?

The insurance company provides a grace period of 30 days to pay the premium. After that, if you fail to pay the premium, your policy will not be continued.

2. Would I be able to cancel my policy in case I’m discontent with the policy?

Some insurance companies allow canceling of your policy, but you must follow specific terms and conditions that vary from company to company.

3. What amount of coverage will I need?

The coverage amount depends on various factors, including health conditions, affordability, number of family members etc. There’s no fixed amount as such.

4. What are the elements that I should consider while I purchase a life insurance policy?

● Your Insurance Coverage Need 
● The Policy Tenure
● Choose the Right Insurer
● Choose the premium that you can afford to pay for a longer duration
● Relevant Riders and Add-ons
● The Claim Settlement Process
● The Right Payment Mode