Building on Health Buddy: Launch of Tata AIA Health SIP
To complement the Health Buddy and reinforce our commitment to holistic well-being, Tata AIA is also introducing Tata AIA Health SIP — a pioneering Non-Participating, Unit-Linked Health Insurance Plan.
While Health Buddy focuses on care and support, Health SIP adds the power of long-term financial preparedness. This unique solution integrates health coverage with wealth creation, ensuring consumers are protected in emergencies while also securing their future.
With no premium allocation charges and additional maturity boosters to enhance fund value, Health SIP provides protection with growth. From the 6th policy year, it allows tax-free withdrawals for health-related expenses, giving consumers financial flexibility when they need it most. It also offers long-term critical illness cover, with the ability to lock in premiums for 30 years.
To cater to the diverse needs of consumers, Health SIP comes in two variants :
Health SIP Plus: Includes in-built Accidental Total and Permanent Disability (ATPD) benefits.
Health SIP Plus Pro: Includes ATPD benefits along with Terminal Illness with Term Booster (TTB) cover for enhanced protection.
The Future of Insurance is Health and Wellness-First
With the launch of Tata AIA Health Buddy and products like Tata AIA Health SIP, the Company is redefining life insurance. It is no longer just about protection in difficult times — it is about enabling families to live healthier, more secure, and financially confident lives every day.
Your health now has a new companion — always by your side, always ready to help.
The Tata AIA Health Buddy service is also available with a wide range of Tata AIA solutions: Tata AIA PR Life Pro +, Tata AIA PR Life Pro, Tata AIA PR Life Maxima +, Tata AIA PR Life Advantage +, Tata AIA PR Life Growth +, Tata AIA PR Life Pro Advance, Tata AIA Smart Sampoorna Raksha Flexi, Tata AIA PR 2.0, Tata AIA Premier SIP, Tata AIA Super SIP, Tata AIA Smart SIP 360, Tata AIA Smart Sampoorna Raksha+, Tata AIA Premier Pension Secure, Tata AIA Pro-Fit, Tata AIA Shubh Shakti, Tata AIA Shubh Shakti Select, Tata AIA Shubh Rakshak and Tata AIA Shubh Rakshak Select.
About Tata AIA Life
Tata AIA Life Insurance Company Limited (Tata AIA) is a joint venture Company formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world, spanning 18 markets in the Asia Pacific region.
Tata AIA reported a total Premium Income of INR 31,484 crore for FY25, up 23% from FY24. The Company continues to rank among the Top 3 Private Insurers in Individual Weighted New Business Premium (IWNBP) with an IWNBP income of INR 8,511 crore. The Company also achieved industry-leading Persistency performance (based on premiums), ranking #1 in four out of five cohorts.
About the Tata Group
Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals.
The group operates in more than 100 countries across six continents, with a mission 'To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’.
In 2023-24, the revenue of Tata companies, taken together, was more than $165 billion. These companies collectively employ over 1 million people.
Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors. There are 26 publicly listed Tata enterprises with a combined market capitalisation of more than $365 billion as on March 31, 2024.
About AIA
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets –wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR(3), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR(4), and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd.
The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$305 billion as of 31 December 2024.
AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 43 million individual policies and 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”