Tata AIA Introduces Smart Pension Secure Plan for Retirement Planning

Tata AIA Life Insurance has launched the Smart Pension Secure Plan, a Unit-Linked Pension Plan (ULIP) designed to meet the rising demand for retirement solutions. This plan offers market-linked growth opportunities, enabling individuals to build a substantial retirement corpus with flexibility in fund allocation.

Market-Linked Investment with Flexibility

The Smart Pension Secure Plan is linked to the Tata AIA Alpha 50 Index Pension Fund, which allocates 80–100% of its assets to equity, tracking the Nifty Alpha 50 Index.

The New Fund Offer (NFO) is priced at ₹10 per unit and remains open until January 31, 2025. Policyholders have the option to allocate 100% of their premiums to equity, ensuring the potential for higher returns. Additionally, the plan allows unlimited fund-switching at no extra cost, offering greater flexibility in managing investments.

Policy Options and Accessibility

The plan is available in two variants:

• Smart Pension Secure – Provides market-linked returns along with death benefits.
• Smart Pension Secure Plus – Includes an additional premium waiver benefit in the event of the policyholder’s demise.

Key policy details include:

• Entry Age: 35–75 years (varies by payment term).
• Vesting Age: 45–85 years for single/limited pay; up to 75 years for regular pay.
• Policy Term: Ranges from 10 years to the maximum vesting age.

The plan can be purchased through Tata AIA’s online platform and digital partners, allowing policyholders to customise and manage their plans digitally without physical documentation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.