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Tata AIA Life Insurance

Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA offers a comprehensive range of life insurance plans that provide a protective shield for your family, ensuring their future is secure and safeguarded against life's uncertainties. Let’s learn more about Tata AIA Life Insurance, its benefits and plans in this article. 

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What Is Tata AIA Life Insurance?

Tata AIA Life Insurance is one of the leading insurance companies in the Indian Private Sector. It offers various insurance products such as life, savings, wealth, protection, retirement to help individuals and families protect their financial future in the event of life's uncertainties. You can check premiums of Tata AIA life insurance plans online. With a Claim Settlement Ratio (CSR) of 98.53%, Tata AIA Life Insurance is one of the top and most trusted insurers in the country. 

Why Should You Buy Tata AIA Life Insurance Plan?

You should buy Tata AIA Life Insurance plan because of the following reasons:

  • Financial Security for Your Loved Ones: Tata AIA Life Insurance plans are designed to provide financial security and peace of mind to your loved ones in case of an unfortunate event. The payout from the life insurance plans can help your family maintain their lifestyle, cover essential expenses, and even achieve long-term financial goals like education and retirement.

  • Comprehensive Coverage Options: Tata AIA offers a wide range of insurance products tailored to suit various life stages and needs. Whether you're looking for pure protection with term insurance, wealth creation through investment-linked plans, or comprehensive coverage with a whole-life policy, Tata AIA has you covered. Their diverse portfolio ensures you can find a plan that aligns perfectly with your financial goals and requirements.

  • Guaranteed Returns: Tata AIA Life Insurance, particularly Savings and retirement plans, ensure you receive guaranteed returns when your plan matures. As you pay your premiums over time, your savings grow. Upon maturity, you can choose to receive this accumulated amount either as a one-time lump sum or as a regular income.

  • Affordable Premiums: Tata AIA Life Insurance offers comprehensive plans, like term insurance plans, at very affordable premiums, so that you can financially secure your loved ones without any hassle. 

  • Tax Benefits: Opting for Tata AIA Life Insurance plans can also provide you with tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. This means you can not only secure your financial future but also enjoy tax advantages while doing so, making Tata AIA a smart choice for your insurance needs.

  • 4 Hours Express Claim Settlement: With ‘Express Claims’, Tata AIA provides claim settlement to the nominees of the deceased policyholders within 4 hours of claim intimation.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

What Are The Various Life Insurance Policies Offered By Tata AIA Life Insurance?

The various life insurance policies in multiple segments offered by Tata AIA Life Insurance are as follows: 

  • Term Insurance Plans

  • Savings Plans

  • ULIP Plans

  • Retirement Plans

Tata AIA Term Insurance Plans

Term Plan Entry Age Maturity Age Sum Assured
Tata AIA Sampoorna Suraksha Supreme 18 - 60 years 100 years Rs. 5 Lakhs - 20 Crores
Tata AIA InstaProtect 18 - 45 years 75 years Rs. 25 Lakhs - 1 Crore
Tata AIA SRS Vitality Protect 18 - 60 years 85 years Rs. 50 Lakhs - 2 Crores
Tata AIA Maha Raksha Supreme 18 - 60 years 85 years Rs. 2 Crores - 20 Crores
Tata AIA Smart Sampoorna Raksha Param Rakshak Plus 18 - 45 years 85 years Rs. 50 Lakhs - 5 Crores
Tata AIA Smart Sampoorna Raksha 18 - 60 years 100 years 10 times of Annualised Premium
Tata AIA Saral Jeevan Bima 18 - 65 years 70 years Rs. 5 Lakhs - 49.5 Lakhs

Let’s learn more about Tata AIA Term Plans in detail: 

  1. Tata AIA Sampoorna Suraksha Supreme

    Benefits of Tata AIA Sampoorna Suraksha Supreme are:

    • Choose from various Death Benefit options:

      • Life Option

      • Life Plus Option

      • Life Income

      • Credit Protect

    • Choose Whole Life coverage (up to age 100)

    • Add to your Sum Assured through top-ups

    • Receive 50% of the Basic Sum Assured in case of a Terminal illness diagnosis with the inbuilt Payor Accelerator benefit

    • Get Income payouts starting at age 55, 60, or 65 for a secure future

    • Access medical second opinions, medical consultations, and personal medical case management

    • Customize your Policy Term and Premium Paying Term to your needs

    • Enjoy lower premium rates for females

    • Tax benefits under applicable sections of ITA, 1961.

  2. Tata AIA InstaProtect

    Benefits of Tata AIA InstaProtect are:

    • Quick and easy health and life coverage, no medical exams required

    • Protection against 40 critical illnesses and hospitalization expenses

    • Additional coverage options like Hospitalization and Accidental Death Benefit, 3C Protection (Cancer, Cardiac, Critical Illnesses), and Terminal Illness benefit

    • Tax benefits in accordance with applicable income tax regulations.

  3. Tata AIA SRS Vitality Protect

    Benefits of Tata AIA SRS Vitality Protect are:

    • Provides life insurance for your family's financial security in case of terminal illness or death.

    • Get up to a 15% renewal discount on premiums through Tata AIA Vitality Health and Wellness Status.

    • Enjoy a free annual health test with your life insurance through the Tata AIA Vitality Program.

    • Increase your life cover by up to 15% based on your wellness status after the premium payment term.

    • The wellness program offers a guaranteed 5% discount on your first-year premium payment for the plan.

  4. Tata AIA Maha Raksha Supreme

    Benefits of Tata AIA Maha Raksha Supreme are:

    • Life coverage available up to age 85 or the option for Whole Life coverage (up to age 100).

    • Included Payout Accelerator Benefit advances 50% of Basic Sum Assured in case of Terminal Illness diagnosis.

    • Easily increase coverage at significant life events with the Life Stage Plus Option, no need for new medical underwriting.

    • Enhance protection with available Riders.

    • Females enjoy discounted rates, while non-smokers receive standard premiums.

    • Eligible for tax benefits in accordance with applicable tax laws.

  5. Tata AIA Saral Jeevan Bima

    Benefits of Tata AIA Saral Jeevan Bima are:

    • Affordable pure protection plan for women.

    • Lower premium rates for female policyholders, subject to policy terms.

    • Eligible for tax benefits on premiums paid and nominee's claim under income tax laws.

    • Optional riders available to increase coverage for unforeseen events.

    • Opt for higher coverage at lower premiums when purchasing at a younger age.

    • Flexible policy term and premium paying term options.

  6. Tata AIA Smart Sampoorna Raksha

    Benefits of Tata AIA Smart Sampoorna Raksha are:

    • Provides a death benefit to safeguard your life goals if you pass away during the policy term.

    • This plan offers both unit-linked and non-participating options.

    • Choose from 11 funds based on your risk preference, spanning fixed income to equity-oriented.

    • Enjoy refunds of twice the mortality charges starting in the 11th year and premium allocation charges in the 10th, 11th, and 12th years.

    • Flexible premium payment options of 5, 10, or 12 years.

    • Eligible for tax benefits as per Income Tax Laws.

  7. Tata AIA Smart Sampoorna Raksha Param Rakshak Plus

    Benefits of Tata AIA Smart Sampoorna Raksha Param Rakshak Plus are:

    • Choose from 11 fund options to match your risk profile, along with 12 free fund switches each policy year.

    • Access up to 4 free partial withdrawals annually.

    • Benefit from included riders such as Accidental Death, CritiCare Plus, Accidental Total and Permanent Disability, and Hospicare.

    • Additional sum assured for accidental death, doubled if it occurs in public transport.

    • Comprehensive coverage for over 40 critical illnesses.

    • Payout for accidental total and permanent disability, doubled for incidents on public transport.

    • Hospital Cash Benefit at 0.5% of the sum assured per day, with double the benefit for ICU days.

    • Receive a 10% upfront discount on first-year premiums with the Tata AIA Vitality wellness program.

    • Maturity benefit equals the fund value at the end of the policy term.

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Tata AIA Savings Plans

Term Plan Entry Age Maturity Age Sum Assured
Tata AIA Fortune Guarantee Plus 1 - 60 years 77 years Rs. 50,000 - 25 Lakhs
Tata AIA Fortune Guarantee Supreme 30 days - 65 years 100 years Minimum: For Joint Life (Death Benefit Multiple 7):
1st Death - Rs. 6,250
2nd Death – Rs. 35,000
For Regular/Limited pay:
Option 1: Rs. 2,40,000
Option 2: Rs. 1,68,000
Maximum: No Limit
Tata AIA Guaranteed Return Insurance  45 - 65 years 85 years Equal to the Death Benet Multiple x Annualised Premium
Basic Sum Assured will vary by Entry Age, Plan Option &
Premium Payment Term
Tata AIA Fortune Guarantee Minimum: 18 years less Policy Term or 0 years (30 days), whichever is higher
Maximum: 80 years less Policy Term or 65 years, whichever is lower
80 years 10 times the Annualized Premium 
Tata AIA Smart Value Income 30 days - 65 years 85 years
Tata AIA Smart Income Plus 3 - 50 years 65 years 11 times the Annualised Premium
Tata AIA Money Back Plus 2 - 51 years 75 years Rs. 2 Lakhs - No Limit
Tata AIA MahaLife Gold 30 days - 60 years 85 years OR 100 years Rs. 1 Lakh - No Limit
Tata AIA Value Income Gold 30 days - 65 years 80 years
Tata AIA Guaranteed Monthly Income 6 - 60 years 68 years 11 times the Annualised Premium
Tata AIA Diamond Savings 3 - 55 years 11 times the Annualised Premium
Tata AIA Gold Income 6 - 55 years 77 years Equal to Annualised Premium x Basic Sum Assured Multiple
Tata AIA POS Smart Income Plus 3 - 50 years 65 years 11 times the Annualised Premium

Let’s learn more about Tata AIA Savings Plans in detail: 

  1. Tata AIA Fortune Guarantee Plus

    Benefits of Tata AIA Fortune Guarantee Plus are:

    • Choose between two plan options: Regular Income or Regular Income with an inbuilt Critical Illness benefit.

    • Flexible Income Period options ranging from 20 to 45 years.

    • Receive a premium return at the end of the Income Period.

    • Choose between Monthly or Annual income payouts.

    • Opt for Joint Life coverage with a Single Premium payment option.

    • Select your preferred Premium Payment Term.

    • Enhance protection with optional Riders.

    • Eligible for tax benefits as per applicable Tax Laws.

  2. Tata AIA Fortune Guarantee Supreme

    Benefits of Tata AIA Fortune Guarantee Supreme are:

    • Choose guaranteed benefits in the form of a lump sum and/or income to align with your financial objectives.

    • Increase your income by utilizing the sub wallet feature and withdraw as needed.

    • Women customers enjoy a 2% discount on the First Year's Premium as a special offer.

    • Utilize the "Premium Offset" feature to balance your premium against survival benefit payouts.

    • Benefit from tax advantages on premiums and benefits, following applicable Tax Laws.

    • Select from two Plan options: 

      • Immediate Income

      • My Income.

  3. Tata AIA Guaranteed Return Insurance 

    Benefits of Tata AIA Guaranteed Return Insurance are:

    • Choose from three Plan Options: Endowment, Regular Income, or Whole Life Income.

    • Enjoy Guaranteed benefits on Maturity or in case of Death.

    • Benefit from Guaranteed Additions that increase your corpus annually under the Endowment Option.

    • Cover your spouse under the same policy with the Whole Life Income Option.

    • Select your desired Policy Term with a limited Premium Payment Term.

    • Enhance your protection with optional Riders.

  4. Tata AIA Fortune Guarantee

    Benefits of Tata AIA Fortune Guarantee are:

    • Assured lump sum benefit upon maturity.

    • Life cover to safeguard your loved ones.

    • Flexibility in choosing policy terms and premium paying terms.

    • Option to bolster protection with riders.

    • Enhanced benefits available for females.

  5. Tata AIA Smart Value Income

    Benefits of Tata AIA Smart Value Income are:

    • Choose between 2 plan options: Cash Bonus or Accumulating Cash Bonus.

    • Under plan option 1, receive declared cash bonuses as early as the 1st month in your Sub-wallet.

    • Under plan option 2, accumulate cash bonuses until the policy term's end and receive a substantial lump sum at maturity.

    • For Single Pay, select between Sum Assured-I and Sum Assured-II.

    • Sum Assured - I: Death Benefit multiple of 10 times the Single Premium.

    • Sum Assured - II: Death Benefit multiple based on your entry age.

    • Enjoy flexibility in financial and legacy planning with multiple options for Policy Term and Premium Payment Term.

    • Benefit from the Life Protect Feature, ensuring your life cover continues even if premium payments are postponed due to income loss or unemployment.

    • Enhance protection with optional Riders.

    • Tax benefits may be applicable on premiums paid and benefits received as per applicable tax laws.

  6. Tata AIA Smart Income Plus

    Benefits of Tata AIA Smart Income Plus are:

    • Choose between Regular Income or Endowment options.

    • Guaranteed Payouts, ranging from 120% to 160% of the Annualized Premium, under the Regular Income Option, depending on your chosen premium payment term.

    • Pay premiums for 7, 10, or 12 years and enjoy guaranteed life cover for 15, 21, or 25 years.

    • Enhance protection with optional Riders.

    • Enhanced benefits for female policyholders.

    • Eligible for tax benefits under sections 80C and 10(10D) of the applicable Income Tax laws.

  7. Tata AIA Money Back Plus

    Benefits of Tata AIA Money Back Plus are:

    • Enjoy survival payouts of up to 130% of the Sum Assured at regular intervals throughout the policy term.

    • Maintain life cover for the entire policy term, regardless of survival payouts received.

    • Benefit from additional protection in the event of accidental death through the inbuilt Accident Benefit.

    • Pay premiums for only half of the policy term.

    • Increase your savings with compounded reversionary bonuses and terminal bonuses.

    • Receive a lump-sum maturity addition to fulfill your financial needs.

    • Enhance protection with optional riders.

    • Eligible for tax benefits under sections 80C and 10(10D) of the Income-Tax Act, 1961.

  8. Tata AIA MahaLife Gold

    Benefits of Tata AIA MahaLife Gold are:

    • Secure lifelong coverage up to age 85 or age 100 with premium payments for 6, 8, or 15 years.

    • Plan your legacy by ensuring a steady income for yourself and your family over an extended period.

    • Benefit from guaranteed Annual Coupons starting from the 10th policy anniversary until maturity.

    • Receive non-guaranteed Cash Dividends annually from the 6th policy anniversary until maturity.

    • Obtain a lump sum at maturity in addition to regular income.

    • Enhance protection with optional Riders.

    • Eligible for tax benefits under sections 80C and 10 (10D) of the Income-Tax Act, 1961.

  9. Tata AIA Value Income Gold

    Benefits of Tata AIA Value Income Gold are:

    • Choose your plan option: Endowment, or Endowment with extended life cover until Age 100.

    • Receive Cash Bonuses or accumulate them if declared payable at maturity.

    • Get Cash Bonuses each year on the policy anniversary or on your birthday following the second policy anniversary.

    • Obtain a Guaranteed Maturity Benefit with declared bonuses upon maturity.

    • Enjoy flexibility with multiple options for Policy Term and Premium Payment Term.

    • Enhance your protection with optional Riders.

  10. Tata AIA Guaranteed Monthly Income

    Benefits of Tata AIA Guaranteed Monthly Income are:

    • Plan your monthly income for 10, 16, or 24 years with flexibility.

    • Receive monthly income ranging from 8.35% to 13.03% per annum of the total premiums paid.

    • Benefit from the applicable Large Premium Boost to increase your monthly income.

    • Choose a Policy Term of 5, 8, or 12 years.

    • Ensure life cover to safeguard your loved ones.

    • Enhance protection with optional Riders.

    • Eligible for tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961.

  11. Tata AIA Diamond Savings

    Benefits of Tata AIA Diamond Savings are:

    • Secure guaranteed income after the premium payment term.

    • Receive vested Compound Reversionary Bonuses and Terminal Bonuses, if applicable, upon maturity or in case of death.

    • Enjoy flexibility in policy terms and premium paying terms.

    • Maintain life cover for the entire policy term.

    • Enhance protection with optional Riders.

    • Eligible for tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961, as per amendments.

  12. Tata AIA Gold Income 

    Benefits of Tata AIA Gold Income are:

    • Receive Guaranteed Maturity Benefit at the policy term's end.

    • Choose your Guaranteed Income for either 10 or 15 years.

    • Start receiving Guaranteed Income at 12% of the Basic Sum Assured.

    • Enjoy increasing income with Income Boosters, ranging from 5% to 10%, on Guaranteed Income, based on premium amount, premium paying term, and chosen income term.

    • Obtain higher Guaranteed Income with a higher annual premium payment.

    • Pay premiums for 5 or 12 years for a policy term of 12 or 15 years.

    • Enhance your protection with optional Riders.

    • Eligible for tax benefits under sections 80C and 10(10D) as per the applicable Income Tax laws.

  13. Tata AIA POS Smart Income Plus 

    Benefits of areTata AIA POS Smart Income Plus:

    • Choose between Regular Income Benefit or Endowment Benefit options.

    • Receive a Guaranteed Payout of 120% of one Annualized Premium under the Regular Income Benefit Option.

    • Pay premiums for 7 years and enjoy life cover for 15 years.

    • Females between the ages of 11 to 50 years receive higher benefits.

    • No medical examination of the life insured is necessary under the Plan.

    • Eligibility for potential tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961.

Tata AIA ULIP Plans

Term Plan Entry Age Maturity Age Sum Assured
Tata AIA Fortune Pro 30 days - 59 years 75 years Minimum: For Single Pay: 1.25 times the Single Premium
For Regular / Limited Pay: Higher of (10*AP) OR (0.5*Policy Term * AP)
Maximum: For Single Pay: 1.25 times the Single Premium
For Regular / Limited Pay: Entry Maximum
Entry Age Band Maximum Multiple of AP
0 to 29 30
30 to 35 20
36 to 45 Higherof (Policy Term/  2 or 15)
46 to 59 Higherof (Policy Term/  2 or 10)
Tata AIA Param Rakshak Solution 18 - 60 years 100 years Minimum: Base (Life cover) – ` 50 Lakhs AD and ATPD – ` 50 Lakhs HC – ` 10 Lakhs Criticare Plus – ` 20 Lakhs
Maximum: Base (Life cover) – No Limit
AD and ATPD – ` 2 Cr.
HC – ` 40 Lakhs Criticare Plus – ` 1 Cr
Tata AIA Param Rakshak Plus Solution 18 - 60 years 100 years Minimum: Base (Life cover) – Rs. 50 Lakh
Accidental Death, Accidental Total and Permanent Disability – Rs. 50 Lakh
CritiCarePlus – Rs. 20 Lakh
HospiCare – Rs. 10 Lakh
Maximum:  Base (Life cover) – No Limit Accidental Death, Accidental Total and Permanent Disability – Rs. 2 Cr. CritiCarePlus – Rs. 1 Cr HospiCare – Rs. 40 Lakh
Tata AIA Param Rakshak II 18 - 45 years 85 years Rs. 50 Lakhs - 2 Crores
Tata AIA Param Rakshak III 18 - 55 years 85 years Rs. 50 Lakhs - 2 Crores
Tata AIA Fortune Maxima 30 days - 60 years 100 years For Single Pay: 1.25 times the Single Premium
For Limited Pay:  Higher of (10*AP) OR (0.5*Policy Term*AP)
Tata AIA Wealth Maxima 30 days - 60 years 100 years For Single Pay: 1.25 times the Single Premium
For Limited Pay:  Higher of (10*AP) OR (0.5*Policy Term*AP)
Tata AIA Wealth Pro 30 days - 60 years 75 years Minimum: For Single Pay: 1.25 times the Single Premium
For Regular / Limited Pay: Higher of (10*AP) OR (0.5*Policy Term * AP)
Maximum: For Single Pay: 1.25 times the Single Premium
For Regular / Limited Pay: Entry Maximum
Entry Age Band Maximum Multiple of AP
0 to 30 30
31 to 40 20
41 to 50 Higherof (Policy Term/  2 or 15)
51 to 60 Higherof (Policy Term/  2 or 10)
Tata AIA Smart Sampoorna Raksha 18 - 60 years 100 years 10 times of Annualised Premium
Tata AIA Smart Sampoorna Raksha Plus 18 - 55 years 85 years Minimum: Base (Life cover) For 5 pay – 9L Other PPT – 2.7L
Manimum: Base (Life cover) - 50L

Let’s learn more about Tata AIA ULIP Plans in detail: 

  1. Tata AIA Fortune Pro

    Benefits of areTata AIA Fortune Pro:

    • Pay premiums either as a one-time payment or for a limited period, according to your preference.

    • Benefit from regular Loyalty Additions to enhance your investments.

    • Choose from 11 Fund options for improved investment opportunities.

    • Customize your plan with three additional unit-deducting riders.

    • Decide between Enhanced Systematic Money Allocation and Regular Transfer Investment Portfolio Strategy.

    • Eligible for tax benefits under sections 80C and 10(10D) of the Income Tax Act, 1961.

  2. Tata AIA Param Rakshak Solution

    Benefits of Tata AIA Param Rakshak Solution are:

    • CritiCare Plus: Covers 40 Critical Illness Conditions.

    • HospiCare: Offers Hospital Cash Benefit, providing per day Hospitalization Benefit at 0.5% of the Sum Assured, with 2X the benefit for ICU stays.

    • Return on Maturity: Receive a payout at the end of the Policy Term, including the fund value from the Base Plan.

    • Tata AIA Vitality: A science-based wellness program that helps enhance your health and rewards you. You can get up to a 10% upfront discount on the first-year premium.

    • Life Insurance Cover: A lump sum benefit is paid to the family in case of the insured's unfortunate death.

    • Accidental Total & Permanent Disability: Benefit payout in case of total and permanent disability due to an accident.

      • 2X Benefit in case of disability due to an accident in public transport.

    • Accidental Death: An additional Sum Assured is provided in case of accidental death.

      • 2X Additional Sum Assured in case of accidental death in public transport.

  3. Tata AIA Param Rakshak Plus Solution

    Benefits of Tata AIA Param Rakshak Plus Solution are:

    • A comprehensive wellness program that aids in understanding and enhancing your health.

    • Extended life cover up to the age of 100.

    • Comprehensive health protection with coverage for 40 critical illnesses.

    • Market-linked returns paid at the end of the Policy Term.

    • Flexibility to choose from our top-rated fund options, spanning from equity to debt-oriented.

    • Eligible for tax benefits as per the Income Tax Act of 1961.

  4. Tata AIA Param Rakshak II

    Benefits of Tata AIA Param Rakshak II are:

    • Provides life insurance coverage and a lump sum payment in case of death.

    • Offers benefits for accidental total and permanent disability, including double benefits for accidents in public transport.

    • Additional coverage and double benefits for accidental death in public transport.

    • Includes a Term Booster with a 10% Sum Assured for Terminal Illness.

    • Offers a payout at the end of the Policy Term, including the fund value from the Base Plan.

    • Includes Tata AIA Vitality, a wellness program that helps improve health and offers up to a 10% upfront discount on the first-year premium.

  5. Tata AIA Param Rakshak III

    Benefits of Tata AIA Param Rakshak III are:

    • Provides life insurance coverage and a lump sum payment to the family in case of death.

    • Offers benefits for accidental total and permanent disability, including double benefits for accidents in public transport.

    • Additional coverage and double benefits for accidental death in public transport.

    • Includes a Terminal illness cover with a 10% Sum Assured for Terminal Illness.

    • Offers a payout at the end of the Policy Term, including the fund value and return of all rider premiums.

    • Features a wellness program with Tata AIA Vitality, providing upfront discounts on rider premiums and rewards for healthy lifestyle choices.

  6. Tata AIA Fortune Maxima 

    Benefits of Tata AIA Fortune Maxima are:

    • Pay premiums once or for a limited period and enjoy insurance for your entire life.

    • Benefit from regular Loyalty Additions to enhance your investments.

    • Choose from 11 Fund options for improved investment opportunities.

    • Customize your plan with three additional unit-deducting riders.

    • Decide between Enhanced Systematic Money Allocation and Regular Transfer Investment Portfolio Strategy.

    • Eligible for tax benefits under sections 80C and 10(10D) of the Income Tax Act, 1961.

  7. Tata AIA Wealth Maxima 

    Benefits of Tata AIA Wealth Maxima are:

    • Pay premiums once or for a limited period to secure insurance protection for your entire life.

    • Benefit from regular Loyalty Additions that boost your investments.

    • Choose from 11 Fund options for enhanced investment opportunities.

    • Customize your plan with three additional unit-deducting riders.

    • Select between Enhanced Systematic Money Allocation and Regular Transfer Investment Portfolio Strategy.

    • Eligible for tax benefits under sections 80C and 10(10D) of the Income Tax Act, 1961.

  8. Tata AIA Wealth Pro

    Benefits of Tata AIA Wealth Pro are:

    • Choose between a one-time premium payment or payments over a limited period based on your preference.

    • Benefit from regular Loyalty Additions that enhance your investments.

    • Enjoy flexibility with a selection of 11 Fund options for improved investment opportunities.

    • Customize your plan with the inclusion of three additional unit-deducting riders.

    • Decide between Enhanced Systematic Money Allocation and Regular Transfer Investment Portfolio Strategy.

    • Eligible for tax benefits under sections 80C and 10(10D) of the Income Tax Act, 1961.

  9. Tata AIA Smart Sampoorna Raksha

    Benefits of Tata AIA Smart Sampoorna Raksha are:

    • Provides a death benefit to safeguard your life goals if you pass away during the policy term.

    • This plan offers both unit-linked and non-participating options.

    • Choose from 11 funds based on your risk preference, spanning fixed income to equity-oriented.

    • Enjoy refunds of twice the mortality charges starting in the 11th year and premium allocation charges in the 10th, 11th, and 12th years.

    • Flexible premium payment options of 5, 10, or 12 years.

    • Eligible for tax benefits as per Income Tax Laws.

  10. Tata AIA Smart Sampoorna Raksha Plus 

    Benefits of Tata AIA Smart Sampoorna Raksha Plus are:

    • Lump sum equal to 15 times the Annualized Premium in case of death.

    • Accidental Total & Permanent Disability2: Benefit payout for total and permanent disability due to an accident, with 2X benefit for public transport accidents.

    • Accidental Death2: Additional Sum Assured in case of Accidental Death, with 2X benefit for public transport accidents.

    • Terminal illness cover with Term Booster2: Sum Assured equals the Base Sum Assured on Death and Terminal Illness.

    • Return on Maturity1: Payout at the end of the Policy Term, including the fund value and return of all rider premiums paid.

    • Tata AIA Vitality: A science-based wellness program offering an upfront discount of up to 10% on the first-year rider premium, along with rewards for healthy lifestyle choices.

Tata AIA Retirement Plans

Term Plan Entry Age Maturity Age Annuity Payout Amount
Tata AIA Fortune Guarantee Pension Minimum: For PoS Option 2: 40 years Other than POS 30 years
Maximum: For PoS Option 2: 70 years Other than POS Option 1 & 2: 85 years Option 3 & 4: 84 years
Minimum: • Yearly in arrears: R 12 (in ‘000s) • Yearly in advance: R 12 (in ‘000s) • Half Yearly in arrears: R 6 (in ‘000s) • Quarterly in arrears: R 3 (in ‘000s) • Monthly in arrears: R 1 (in ‘000s)
Maximum: No Limit
Tata AIA Saral Pension Plan 40 - 80 years Minimum: Annually: ₹ 12,000 Half-yearly: ₹ 6,000 Quarterly: ₹ 3,000 Monthly: ₹ 1,000
Maximum: No Limit
Tata AIA Smart Annuity Plan 45 - 85 years Minimum:
Annually: ₹ 12,000
Half-yearly: ₹ 6,000
Quarterly: ₹ 3,000 Monthly: ₹ 1,000
Maximum: No Limit

Let’s learn more about Tata AIA Retirement Plans in detail: 

  1. Tata AIA Fortune Guarantee Pension

    Benefits of Tata AIA Fortune Guarantee Pension are:

    • Multiple annuity options available to meet your needs.

    • High purchase price benefit to incentivize increased savings.

    • Option to enhance annuity through top-up premiums.

    • Eligibility for potential tax benefits on premiums paid and benefits received in accordance with applicable tax laws.

  2. Tata AIA Saral Pension Plan

    Benefits of Tata AIA Saral Pension Plan are:

    • Choose from flexible annuity options to cater to your future needs.

    • Options include Life Annuity with Return of 100% of Purchase Price (ROP) and Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) upon the death of the last survivor.

    • Choose between Single or Joint Life annuity.

    • Enjoy flexibility in selecting the mode of annuity payouts.

  3. Tata AIA Smart Annuity Plan

    Benefits of Tata AIA Smart Annuity Plan are:

    • A range of flexible annuity options to align with your future requirements.

    • Options include Immediate Life Annuity, Immediate Life Annuity with Return of Purchase Price, and Deferred Life Annuity with Return of Purchase Price.

    • Choose between Single or Joint Life annuity.

    • Enjoy flexibility in selecting the mode of annuity payouts.

    • Optionally, enhance your Annuity Payout with a Top-Up.

What Are The Riders Available In Tata AIA Life Insurance?

Here are the riders available in Tata AIA Life Insurance:

  • Term Rider: A term rider is an extra option you can include in your base life insurance policy to increase the life coverage it offers. This rider provides an additional lump sum payment on top of the Base Plan Sum Assured in case the insured person passes away.

  • Accidental Death: The accidental death benefit rider provides financial protection in case the insured person dies due to an accident. If such an accident occurs during the rider's term, a lump sum, known as the rider sum assured, is paid out to the policyholder's family. This benefit is in addition to the sum assured in the base plan.

  • Accidental Disability: The accidental disability rider offers a portion of the rider sum assured to cover expenses related to treatment and daily living if the policyholder experiences permanent, partial, or total disability due to an accident. The payout amount is determined based on the insurer's guidelines regarding the extent of injury or disability.

  • Critical Illness Rider: A critical illness rider attached to a life insurance policy provides coverage for a specific list of critical illnesses or medical conditions. It safeguards the policyholder from the financial burdens associated with such illnesses. Upon diagnosis of a covered critical illness, the policyholder and their family receive a lump sum payment to help cover the cost of treatment.

  • Waiver of Premium: The waiver of premium rider, when added to a policy, can exempt the policyholder from making future premium payments in the event of the policyholder's death, critical illness, or accidental total and permanent disability, depending on the risks covered by the rider. This rider ensures that the primary life insurance coverage remains active even if premium payments are not made, providing security for the policyholder's family.

How To Buy Tata AIA Life Insurance From Policybazaar?

Here are the steps to buy Tata AIA Life Insurance from Policybazaar:

Step 1: Visit the official Policybazaar website and go to the Term Insurance section.

Step 2: Provide your name, contact details, gender, and date of birth.

Step 3: Enter the information regarding your job type, yearly income, educational qualifications, and smoking/tobacco consumption habits.

Step 4: Choose Tata AIA term plan from the list of term insurance plans that appears.

Step 5: Pay using your preferred mode to complete the process.

What Are The Exclusions In Tata AIA Life Insurance?

Here are the exclusions in the Tata AIA Life Insurance:

  • Suicide: If the policyholder commits suicide within 12 months of buying the policy, his/her nominees will not be able to claim the death benefit.

  • Risky Activities: Tata AIA Life insurance won't provide coverage in case of your demise resulting from involvement in unlawful or high-risk activities. Similarly, it won't cover fatalities linked to extreme sports.

  • Pre-existing Health Conditions: You must disclose any pre-existing medical conditions when purchasing the policy. Benefits will only be paid out if the insurer is aware of this information in advance.

  • Intoxication: Deaths caused by drug or alcohol use or overdose are not covered by Tata AIA life insurance policy.

  • Exemptions for Natural Disasters: Tata AIA Life insurance policies do not offer protection for loss of life due to natural disasters or calamities.

Tata AIA Life Insurance - FAQ

  • How to pay premium? What are the modes of payment available?

    Tata AIA life Insurance offers 5 modes of premium payment namely;
    • Online Payment
    • DropBoxes
    • Auto debit
    • Cash/Cheque collection center
    • Payment Collection Center.

    For online payment mode, the policyholder can pay via;

    • NEFT transfer
    • Activating auto debit facility in the bank account
    • Quick pay via ICICI portal
    • Internet Mobile Payment Service

    Alternatively, the policyholder can pay in cash or drop cheque at any of the payment collection centers or dropboxes mentioned on the Tata AIA website.

  • How can I check policy status?

    If you are a registered user, directly log into Tata AIA website with relevant username and password. You would be directed to the homepage of your policy account. Now simply click the tab “Check Policy Details” to check the status of your policy and other relevant details. For new policyholders they must register on the website and proceed with the same steps.
  • What is the policy renewal process?

    Tata AIA offers the policyholders a chance to renew their policy online. Simply log into the portal and follow the link that leads to secured payment process. You can renew your policy by using debit, credit card, or net banking option. 
  • What is the company’s process to settle claim?

    Company offers a transparent claim process. The policyholder can register claims by submitting their request at the customer care helpdesk . Upon receiving complete documents, the claim is settled within 7 working days. There are dedicated offices at certain locations to directly file the claims.
  • What is the policy cancellation process?

    The policyholders must attach the relevant policy documents along with a filled surrender form at any of the branch locations in their city. Upon receiving the correct documents, the deposited amount is credited into the policyholder’s bank account as per the company’s records, and the policy is cancelled.

Tata AIA Life Insurance - Latest News

  • AIA Group Receives Approval to purchase 23% additional Stake in Tata AIA Life

    January 18,2016 : CCI (Competition Commission of Indi, the fair trade regulator, has approved the purchase of an additional 23% by AIA Group in Tata AIA Life Insurance, its joint venture with the TATA group. Currently AIA group holds a 26% stake in the JV and this additional purchase would raise its stake in Tata AIA Life Insurance to 49%.
    This decision to purchase an additional stake by the AIA Group is viewed to be a direct result of government’s decision to allow an increase in foreign direct investments in private insurance companies to 49%. Though the details of the deal have not yet been confirmed, Tata AIA Life Insurance is set to receive a fresh cash infusion at completion of the deal. The JV which initiated operations in the year 2001, features a wide range of products that cater to the wealth creation, savings and protection needs of Indians.
  • Tie up between Tata AIG Insurance and Vakrangee took shares up by 2%

    Shares of Vakrangee grew by 2 % as the company publicized its corporate tie up with Tata AIG General Insurance Company, which is a joint venture between American International Group (AIG) and Tata Group. This tie-up will assist in distributing value general insurance products by the means of Vakrangee distribution network. As per the BSE filing, this tie-up will ensure easy access to quality general insurance products offered by Tata AIG General Insurance Company for the citizens in underserved and un-served areas. The company will be announcing its results for the third quarter (i.e. the quarter ended December 31, 2015) on February 6, 2016. Presently, Vakrangee is trading at Rs 185.2, up Rs 2.45, or 1.34 % from its earlier closing of Rs. 182.75 on the BSE.
  • Tata AIA’s #CatchUp Campaign Still Going Strong

    Tata AIA Life Insurance, the leading private sector life insurance JV between Tata Sons and AIA group, has continued running its #CatchUp campaign to rope in new customers. The campaign has focused on the key issue of most Indian families specially those in the middle class being under insured or uninsured. Tata AIA uses its proprietary “CatchUp Calculator” to let individuals know how far behind they are from their actual insurance requirement as compared to their current insurance coverage.
    The campaign was launched in January 2016 and has continued trending since that time. Apart from letting prospective future customers know how much additional insurance they and their family members need with respect to their income, the calculator will also provide options regarding Tata AIA products that the prospect may be eligible for. The Quick Check CatchUp Calculator take only 30 seconds to provide results, while the Advance Check feature of the calculator requires 2 minutes and takes into account multiple criteria provided by the user.
  • AIA increases its stake to 49% in Tata AIA/AIG Life joint venture

    AIA group completed the purchase of 23% additional stake in the Tata AIA life joint venture on Monday (April 26, 2016) for a total sum of Rs 2,055 Crore. This takes AIA’s total stake to 49%. The other 51% is held by Tata Sons. This also means that the total valuation of the Tata AIA Life Insurance Company stands at Rs 8,935 Crore. The increase in stake comes after the Indian government relaxed the investment norms in Insurance sector.
    Tata AIA Life Insurance was launched in April 2001 as a joint venture in India. Since then it has registered premiums of Rs 2,122 crore. Their net profit stands at Rs 264 in the fiscal year 2014-15. AIA group spun off from the American AIG group in 2012 and it is now headquartered in Hong Kong. AIA group is the world’s second-largest insurance company by virtue of market value. This increase in stake means that AIA is taking a keen interest in expanding their business in India.
  • Tata AIA to Purchase 70% Stake in PNB Metlife

    In a recent board meeting, Tata group and its partner AIA group have placed a proposal to obtain 70% stake in PNB Metlife upto the limit of Rs. 2700 Cr. They have also proposed to merge it further with Tata AIA Life Insurance Company.
    The decision was finalized in the meeting that was held on 24th October, 2016. The details of this decision have been filed as a part of the petition of Cyrus Mistry against the trust in National Company Law Tribunal (NCLT).
    The sources have revealed that according to the deal structure, as far the stakes are concerned, PNB will either sell the put option in the merged set-up within 3 years or AIA and Tata group will sell the call option in 4-5 years post merger. Started its operation in April 2001, Tata AIA Company aims to serve and secure the lives of approximately 3 million consumers by the year 2020.


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Tata AIA Life Insurance Reviews & Ratings

4.1 / 5 (Based on 129 Reviews)
(Showing Newest 10 reviews)
Arya
Kanpur, March 10, 2021
Different companies
Last year when I bought a tata aia term plan I have found various good plans into the policybazaar website. Such a good place to plan a term plan. They helped me a lot to get the best term plan. Thanks.
Nikunj
Aranthangi, March 09, 2021
Stress-free process
I am happy that I have been a part of policybazaar and tata aia term plan. As their process is stress free and best. I really like the product which is been given by the policybazaar.
Richa
Barchana, March 20, 2019
Best Plan
Finally I found a trustable policy after comparing with all different policies of different policy providers. Tata Aia Ulip Plan provides low premiums and policy coverage meet my requirements.
Vimal
Dwarka, January 23, 2019
Very Good
I have opened a Sampoorna Raksha+ plan with TATA AIA term insurance. I was not sure about the in-depth details of the plan and its benefits. I logged on to the Policybazaar website as I had seen many advertisements for the brand on TV. I entered my details on their website and one of their representatives contacted me. I had talked to other people too about the term insurance but the way Policybazaar executive explained the plan, was very simple and easy to understand. I was able to get all my confusions cleared beforehand and got the insurance policy opened. The documents involved were minimal and the process was also easy to follow. It took only 4 days to complete the process and I received my policy documents on my communication address as well as my email. All in all, I am really happy and satisfied with my experience with Policybazaar and Tata AIA.
Jaswant
Guwahati, October 18, 2016
Marvelous Insurance Plan
Having term insurance policy which is so beneficial and the investment is also low. Service provided is quick and on time. Online renewals are made so simple through online portal service. Policy coverage is good and claims are even better.
Prabhat
Bishnugarh, October 18, 2016
Perfect
The benefits and advantages of the pension policy is amazing and comes after policy get matured. My policy is from tata aia life insurance company ltd. Service is also absolutely fabulous and on time. Policy coverage and claims are high.
Gautam
Amritsar, October 18, 2016
TATA AIA Insurance Company.
TATA AIA life insurance company provides wide range of insurance plans. I took child insurance policy from them in low investment. The coverage is high approx. 90% and the premium is less. Services facilitated by the executives and staff members is fast and on time.
Mukhtaar
Gorakhpur, September 27, 2016
Big Savings
When anyone talk about insurance policy, I suggest a tata aia life insurance because it is very trust worthy company and comes from ages to ages. I purchased ulip insurance plan from them in less premiums and the returns are big. Service is fast and on time which is facilitate by the executives and members of the insurance company.
Chitvan
Kolavada, September 27, 2016
Trustable Policy
After a long web search, got great traditional insurance policy which i took from tata aia life insurance company. Service is fantastic provided by the executives and staff members of the insurance company. Policy coverage is high approx.89% and the claims are even better. Procedure of the claims are very easy due to fast service.
Yashvir
Gurgaon, September 27, 2016
TATA Term Policy
Got the tata aia term insurance policy in low budget and coverage is high as promised. Service given is very nice and staff member of the company available 24X7. Claiming is simple and renewals are done through online portals which is very good service.
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