Tata AIA Term Life Insurance Plans

Tata AIA Life Insurance, one of the leading insurance companies in the Indian private sector is a joint venture between Tata Sons Private Limited and AIA Group Limited. Tata AIA Life AIA boasts of being the largest listed pan-Asian life insurance group which has a presence in over 18 markets in the Asia Pacific region. The experience and efficiency of both these companies have established Tata AIA Life Insurance Company in the insurance sector of the country. The company offers a comprehensive range of term insurance plans to its customers to meet their insurance requirements. Let’s discuss Tata AIA Term Insurance Plans in detail:

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Get ₹1 Cr. Life Cover at just ₹449/month+
Why Tata Aia Life Insurance? Know More
98.02% Claim Settlement Ratio+
4 Hours Claim Settlement+
40 Critical Illnesses Benefit+
Whole Life Cover+
Accidental Death Benefit+

Why Tata Aia Life Insurance?

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  • 98.02% Claim Settlement Ratio

    The company ensures your loved ones receive the financial support needed in your absence, hassle-free.

  • 4 Hours Claim Settlement

    With ‘Express Claims’, TATA AIA endeavors to provide claim payment within 4 hours for policies with Death Benefit upto 50 Lacs.

  • 40 Critical Illnesses Benefit

    Additional Payout on 40 Critical Illnesses including Minor and Major Cancer related, Cardiac related and other Critical Illnesses. This benefit safeguards your family against financial urgency resulting from these illnesses.

  • Whole Life Cover

    Ensure financial protection and create a financial cushion for the family even in your absence with a whole life cover plan.

  • Accidental Death Benefit

    One death every minute in India happens due to a road accident. This optional benefit provides your loved one’s additional pay-out in case of death due to an accident.

*Tax benefit is subject to changes in tax laws.

**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Disclaimers

Get ₹1 Cr. Life Cover at just ₹449/month+
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Why Choose Tata AIA Term Insurance Plans?

  • 98.53% Claim Settlement Ratio: The company has a claim settlement ratio of 98.53% in FY 2021-22. This ensures that your loved ones receive the financial support needed in your absence, hassle-free.

  • 4 Hours Claim Settlement: With ‘Express Claims’, TATA AIA endeavors to provide claim payment within 4 hours for policies with Death Benefit up to 50 Lacs.

  • 40 Critical Illnesses Benefit: Additional Payout on 40 Critical Illnesses including Minor and Major Cancer related, Cardiac related, and other Critical Illnesses. This benefit safeguards your family against financial urgency resulting from these illnesses.

  • Whole Life Cover: Ensure financial protection and create a financial cushion for the family even in your absence with a whole life cover plan.

  • Accidental Death Benefit: One death every minute in India happens due to a road accident. This optional benefit provides your loved one’s additional pay-out in case of death due to an accident.

++Tax benefit is subject to changes in tax laws.

++All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply

Benefits of Tata AIA Term Insurance Plans

  • Low Cost: The greatest benefit of a term plan is that allows you to buy a substantial amount of life insurance at a very low cost. This makes it possible for people of all financial levels to have term insurance.

  • Fixed premium: No matter what length you take the plan for, your premium will be fixed throughout, so you don’t have to appear for medical tests, etc during the policy tenure and have the premium increased.

  • Special offers: Discounted and low premium rates are available for smokers and non-smokers.

  • Tax Benefits: Get tax benefits u/s 80C and 10(10D) of Income Tax Act, 1961.

  • Flexible payment mode: You can pay the premium annually, half-yearly, quarterly, and monthly.

  • Return of premium:  You can offer to pay higher premiums and opt for a return of premium plan, where at the end of the policy period, the premium would be returned to you if you survive.

  • Easily available Online:  Most term insurance plans are available online and so buying them becomes extremely simple. All you have to do is log in, select the plan you want, and buy it instantly.

Get-Started

Tata AIA Life Term Insurance Plans

With four different term life insurance available both online and offline, TATA AIA life term insurance is something new to the customers in all their plans. A complete feature analysis of the plans sold by the company is done below.

Tata AIA Term Plans Entry Age Maturity Age Sum Assured
Tata AIA Sampoorna Raksha Supreme 18 to 60 years 100 years Min: 50 Lakhs

Max: 20 Crore

CLICK HERE
Tata AIA Maha Raksha Supreme 18 to 60 years 85 years Min: 2 Crore

Max: 20 Crore

CLICK HERE
Saral Jeevan Bima 18 to 65 years 70 years Min: 5 Lakhs CLICK HERE
Tata AIA Smart Sampoorna Raksha 18 to 45 years 85 years Min: 50 Lakhs

Max: 5 Crores

CLICK HERE
Tata AIA Insta Protect Solution 18 to 45 years 75 years Min: 25 Lakhs

Max: 70 Lakhs

CLICK HERE

Let’s discuss Tata AIA term insurance plans in detail:

  1. Tata AIA Sampoorna Raksha Supreme

    Tata AIA Sampoorna Raksha Supreme is a comprehensive and wide-ranging term insurance plan that provides you with flexible plan options to protect the financial future of your family.

    Key Features of Tata AIA Sampoorna Raksha Supreme

    • You can easily choose from the following death benefit options: Life, Life Plus, Life Income, and Credit Protect Option.

    • The plan offers the option for whole-life coverage i.e., till 100 years

    • Flexibility to get death payout as a one-time (lump sum) or as income for up to 60 months or as a combination of both.

    • Option to enhance coverage at major milestones with an option of Life Stage

    • You have the option to increase the life cover using top-ups

    • Option to receive income payouts at 55, 60,65 years of age

    • Flexibility to select premium paying term and policy tenure

    • The plan offers lower and discounted rates for females

    • Increase your protection with optional riders

    • Get tax benefits as per the prevailing laws of the Income Tax Act, of 1961.

  2. Tata AIA Life Insurance MahaRaksha Supreme

    A pure-term insurance plan provides you with a number of choices to fulfill the financial protection needs of your family. It also offers you an option to enhance the sum assured at important milestones of life.

    Key features of Tata AIA Maha Raksha Supreme

    • It is the simplest and pure protection cover.

    • You can select an option to increase your protection coverage in the long run. Using Life Stage Plus Option, you can enhance cover at future important stages of life without undergoing any fresh medical underwriting.

    • Option to pay as regular or single premiums to suit your needs

    • Discounted premium rates for non-smokers and females

    • The inbuilt payout accelerator benefit offers 50 percent of life cover in case of a diagnosis of a terminal illness.

    • Tax benefits are applicable u/s 80C and 10(10D) of the ITA, 1961.

  3. Tata AIA Saral Jeevan Bima

    Saral Jeevan Bima is an affordable and simple term insurance plan that offers financial protection to you and your family.

    Key features of Tata AIA Saral Jeevan Bima

    • Flexibility to select policy tenure and premium-paying term

    • Lower premium rates for non-smokers and females

    • Increase your protection using option term riders

    • Tax benefits as per the applicable laws of the Income Tax Act, of 1961.

  4. Tata AIA Smart Sampoorna Raksha

    This plan is a combination of savings and protection that helps fulfill your long-term objectives such as retirement planning, wealth creation, and children’s education along with protecting your life goal with a sufficient sum assured.

    Key Features of Tata AIA Smart Sampoorna Raksha

    • You can select from 11 fund options ranging from equity-oriented to income-focused fund, depending on your risk appetite.

    • Protect your family's financial objectives from death benefits in case of an unforeseen death during the policy tenure

    • Tax benefit applicable as per ITA, 1961

    • Option to pay limited or regular premiums of 5/10/12 years.

  5. Tata AIA Insta Protect Solution Plan

    Tata AIA InstaProtect Solutions plan is a complete term insurance plan that offers financial protection to you and your loved ones. This plan combines the long coverage benefits with accidental death, critical illness, total and permanent disability hospitalization expenses, and others.

    Key Features of Tata AIA InstaProtect Solution Plan

    • Comprehensive health and life cover for you and your family. It covers hospitalization, heart conditions, terminal illness, cancer, disability, and critical illness.

    • Flexibility to choose premium paying term and policy term

    • Option of choosing return of premium benefit

    • The smooth easy policy buying process with no medical examinations, claim settlement procedure, and renewal with easy online transaction modes.

    • Tax benefit applicable as per ITA, 1961

Different types of Plans


How to Buy Tata AIA Term Insurance Plans From Policybazaar?

Step 1: Visit the Tata AIA Term Insurance Plan page of Policybazaar

Step 2: Fill out the form by providing the requested details such as Name, age, and contact details.

Step 3: Then, click on ‘View Free Quotes’

Step 4: After this, answer some questions related to your job, annual income, education, and smoking habits

Step 5: As soon as you submit all these details, a list of available term plans will be displayed

Step 6: Choose a Tata AIA Term insurance Plan as per your convenience and then choose life cover, premium payment term, and cover till age to get detailed information

Step 7: Click on ‘Proceed’ and you will be redirected to the payment section

Step 8: Pay the premium amount.

Claim Settlement Process of Tata AIA Term Insurance Plans

Tata AIA Term insurance company offers you an easy way to file a claim online without going through any documentation process. The online claim procedure is simple and consists of 3 steps:

  • Claim intimation

  • Submission of claim documents

  • Claim settlement decision and payment

Documents Required for Filing a Claim

  • Original Policy documents

  • Original certificate of death

  • Rider policy documents

  • Copy of FIR, post-mortem report, police panchnama, etc. duly attested by the police personnel.

  • Certificate provided by the last attending medical practitioner

  • ID Proof, claimant’s proof, and supporting documents showing the claimant’s right.

Exclusions of Tata AIA Term Insurance Plans

Suicide: If the life assured commits suicide within a year (12 months) from the date of starting of the policy or from the date of the policy revival, then the nominee is not eligible to get the sum assured amount and will only be liable to receive the total premium amount paid, provided the policy is active.

Tata AIA Term Insurance Plans - FAQ

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

    Ans: 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.

  • Q: How can I check policy status for Tata AIA Term Insurance Plans?

    Ans: 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.
  • Q: What is the policy renewal process for Tata AIA Term Insurance Plans?

    Ans: 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.Opt for Auto Renewal, when you initially sign up for the policy to save efforts and time. If you did not then you can do now by contacting customer helpdesk at the same toll free number.
  • Q: What is the company’s process to settle claim for Tata AIA Term Insurance Plans?

    Ans: Company offers a transparent claim process. The policyholder can register claims by submitting their request at the customer care helpdesk or via an SMS. Upon receiving complete documents, the claim is settled within 7 working days. There are dedicated offices at certain locations to directly file the claims.
  • Q: What is the policy cancellation process for Tata AIA Term Insurance Plans?

    Ans: 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.
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Tata AIA Term Life Insurance Plans Reviews & Ratings

4.2 / 5 (Based on 28 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.
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.
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.
Rahul
Dangar, July 27, 2016
Quality Investment
The term insurance plan i have is very perfect in all other policies. Maximum returns and many benefits. The 24X7 service of yours is the most attractive point which is very clam and nice behaviour of the staff. Renewals are simple to do through online portal service.
Vishu
Mirzapur, July 12, 2016
Term plan
My term insurance plan is an above average policy which comes in low premiums. Policy coverage is high and claims are high too. Service is fantastic and because of that the documentations become hassle free. Renewal is easy by online portal.
Lakshay
Bawal, June 30, 2016
Good
I bought a term insurance plan and the policy provide me many benefits like low premiums and returns are high. Service you gave is superb and policy coverage is good but the investment is less. My family is very happy with your services.
Nakul
Sant_kabir_nagar, April 21, 2016
slow service
The tata aia term plan has slow service issue. Policy coverage and claims are high with low investments. The executives and staff members behave well with the customers and providing nice outputs. The daily updates are mailed and texted to me regularly. It saves taxes.
Abhinav
Ooty, April 21, 2016
Nice Policy
Tata aia term policy plan is wonderful with huge benefits like low premiums and the policy coverage is high 91%. Claims are good and the payback amount is around Rs.40 L after the policy get mature. Internet services are great with easy interface and vast variety of policies are there with full descriptions. Good future investment with tax savings.
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