Tata AIA Life Insurance Secure 7 Plan

Tata AIA Life Insurance Secure 7 is a traditional Endowment plan that is designed for savings to meet future requirements and also providing life insurance coverage for protection purpose

Get ₹1 Cr. Life Cover at just ₹411/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?

  • 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


Get ₹1 Cr. Life Cover at just ₹411/month*
View plans
Please wait. We Are Processing..
Get Updates on WhatsApp
By clicking on "View plans" you agree to our Privacy Policy and Terms of use

Key Features

  • It is a non-participating traditional plan with limited premium payment term
  • The premiums need to be paid for 7 years after which the company pays Guaranteed Annual Income form the 8th year for 7 years
  • The maturity benefit under the plan is 25% of the Basic Sum Assured


  • The Guaranteed Annual Income from the 8th policy year will be 50% of the Annual Premium and will increase every year in the following manner:

Policy Year

% of Annual Premium















  • The total Guaranteed Annual Income paid will be equal to the total premiums paid in the last 7 years
  • Income tax benefit on the premium paid as per Section 80C and on claims received under Section 10(10D) of the Income Tax Act.

Product Specification:




Entry Age (Last Birthday)

18 years

55 years

Maturity Age (Last Birthday)


69 years

Policy Term (PT) in years

14 years

Premium Paying Term (PPT) in years

7 years

Premium Paying Frequency

Annual, half-yearly, quarterly or monthly

Yearly Premium


Depends on SA

Sum Assured


No limit

Details About Premium

Annual premium in Rupees

Age / Sum Assured
















Policy Details

  • Grace Period: 15 days grace period is allowed for payment of premium in monthly mode and 30 days for other modes. If premium is not paid within the grace period, the policy lapses
  • Policy Termination or Surrender Benefit: Policyholder is allowed to terminate the policy by surrendering it. The policy acquires a Surrender Value if 3 full years’ premium has been paid. The value will be higher of the Guaranteed Surrender Value (GSV) or Special Surrender Value (SSV) where GSV = (GSV Factor* Total Premiums paid) – Survival Benefits already paid
  • SSV = SSV Factor* [(number of premiums paid/number of premiums payable)* Guaranteed survival benefits payable] – survival benefits already paid
  • Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim.


  • The policy provides both death and maturity benefits

Additional Features or Riders

  • Discount for large Sum Assured for 7 Lakhs and above.


  • In case of suicide within 12 months of policy inception, only the total premium paid is payable and in case of suicide within 12 months of reinstatement, higher of the total premiums paid or the acquired Surrender Value is payable

Documents Required

Policyholder has to fill up an ‘Application form/ proposal form’ with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person.

You May like to Read: Best Term Insurance Plan in India
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 0 Reviews)
Sign up for newsletter
Sign up our newsletter and get email about term plans.

Term insurance articles

Recent Articles
Popular Articles
Term plan vs. Investment Plan: What to Know

29 Sep 2021

Investment, insurance, and saving for emergencies are the three...
Tax Benefits and Refund Details About Term Insurance

29 Sep 2021

Term Insurance is one of the best ways to cover your family...
Short Term vs. Long Term Disability Insurance: Everything to Know

29 Sep 2021

People are more likely to insure valuable assets such as cars...
Regular Term Plan or Return of Premium? What to Choose?

22 Sep 2021

Term insurance policy is one of the purest forms of policies...
Is Your Term Insurance Valid If You Move Abroad?

20 Sep 2021

Term insurance is the most effective way of providing security...
Types of Deaths Covered & Not Covered by Term Life Insurance
Types of Deaths Covered and Not Covered by Term Insurance When it comes to securing the future of your loved ones or...
Why Medical Test is Important in Term Insurance
Why Medical Test is Important in Term Insurance ‘No medical tests required’, you will find this clause blatantly...
10 Questions You Should Ask Before Buying Term Insurance
10 Questions You Should Ask Before Buying Term Insurance There are various doubts faced by customers when it comes...
Term Insurance for NRI in India
Term insurance offers financial protection to the family of the insured in case of demise. Every bread-earner...
6 Reasons Why Term Insurance is a Must Buy
6 Reasons Why Term Insurance is a Must Buy Life is short and one can never foretell what the future holds. To make...
Download the Policybazaar app
to manage all your insurance needs.