Tata AIA Health SIP and Health Buddy: Features Explained
Why in the news
Tata AIA Life Insurance introduced Health SIP, a ULIP-based health plan, and Health Buddy, a round-the-clock virtual health companion.
Health SIP
- Maturity boosters lift fund value; critical illness cover with premium lock-in up to 30 years.
- Works like a mutual-fund SIP: monthly or periodic instalments instead of a lump sum.
| Variant | Extra benefit |
|---|---|
| Plus | Accidental Total and Permanent Disability |
| Plus Pro | Terminal Illness with Term Booster |
Health Buddy
- App-based support: preventive check-ups, women’s health, dental consultations, 24+ specialties.
- Diagnostic discounts, second opinions, fitness guidance.
- Marketed as India’s first such companion from a life insurer.
Exam angle
- Insurer: Tata AIA Life.
- Tax-free withdrawal from the 6th policy year.