TATA AIA Term Insurance for Coronavirus

Currently, the skyrocketing cases of COVID-19 have become a matter of severe concern for our nation.  As the country is struggling to deal with the second wave of COVID-19, it has become imperative for everyone to be prepared against any type of emergency situation. In an extreme situation like this, a term insurance policy provides the right financial security to the family in case of any eventuality.

However, the most common concern the customers these days have is that whether the death due to COVID-19 is covered under the term insurance policy or not. Nowadays, almost all life insurance providers offer coverage against COVID-19.  Further in this article, we have elaborately discussed TATA AIA term insurance for coronavirus and does it provide coverage for COVID-19 or not.

Does Death Due to COVID-19 is Covered by TATA AIA?

TATA AIA was the first life insurance company that provided additional benefits related to COVID-19.  As a part of TATA AIA Life’s initiative, the individual policyholder will get an additional benefit up to Rs.50,000 at no added cost related to covid-19.  This means that in case of a dealth claim filed due to covid-19 an additional benefit equal to the base sum assured amount or Rs, 50,000 whichever is lower will be paid to the beneficiary of the policy.  This benefit is applicable for all valid death claim files on or before 30th June 2020.

For the new policybuyers, death due to covid-19 is covered under the plan after the policy purchase.  While buying the policy, it is very important to consider that as long as one share all the details correctly with the insurers, the death claim will be paid to the nominee irrespective of whether the person is affected or not with COVID-19.

What is the Limitation of TATA AIA Term Insurance for COVID-19?

Even though no separate term insurance policy is offered by TATA AIA Life insurance for COVID-19, the death claim filed due to COVID-19 will be covered under the TATA AIA Term insurance policy. In case you are thinking about whether or not you should buy term plan during a pandemic, then a simple answer to this is yes, you should. Moreover, if you have dependents to take care of or if you are the single breadwinner of the family then having a term insurance plan is even more important to create a financial backup for your family in the long term.

Documents Required In case of Death Due to COVID-19

  • Statement of attending physician
  • Medical Records which include test report, death/discharge summary, admission notes, etc.
  • Policyholder’s name
  • Address Proof
  • Identity Proof

Once the beneficiary submits all the required documents to the insurer. The insurer will verify the claim and process it accordingly.

The Bottom Point!

In this time of the pandemic, it is imperative to have a term insurance cover and provide the right financial protection to the family. During this time, the TATA AIA term insurance for coronavirus ensures life protection for you and your family in case of any eventuality caused due to COVID-19. Thus, in this day and age, the importance of the TATA AIA term insurance plan cannot be overlooked.

Written By: PolicyBazaar
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
Average Rating
(Based on 28 Reviews)
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TATA AIA Term Insurance for Coronavirus Reviews & Ratings

4.2 / 5 (Based on 28 Reviews)
(Showing Newest 25 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.
Raghav
Agartala, April 21, 2016
Great Service
My tata aia term insurance policy plan is wonderful with huge benefits like low premiums and the policy coverage is high 89%. Claims are are good and the payback amount is around Rs.38 L after the policy get mature. Internet services are great with easy interface and vast variety of policies are there with full descriptions. Daily update are mailed to me.
Harindra
Bageshwar, April 21, 2016
Below Average
The term policy plan i have is not as i expected. The policy coverage is 69% and the claims are less. The premiums are 22 K twice a year. Services are fast and the behaviour of the executives and staff members are good. Some improvement needed in the web site. Manageable policy plan.
Gautam
Kadipur, April 21, 2016
High Returns In Low Premium
My term insurance policy plan is with tata aia life insurance. The policy coverage is high and the claims are high too. Claims are easily sanctioned because of fast services provided by the executives. Fantastic policy plan which provides good terms and conditions.
Fabian
Pune, April 21, 2016
Awesome Policy
I purchase tata aia life insurance term policy plan. The policy plan is an average one but the premiums are low with good policy coverage ~89%. This is an online policy plan, easy to buy. The plan has 5% less on premiums for women. Premiums and claims are free from taxes.
Mayank
Dahiwadi, April 21, 2016
Super Policy
I have term insurance policy plan from tata aia life insurance. Policy coverage is good and the premiums are low approx. 32 K. Claiming is easy and the waiting time is very less due to fast and on time services from executives and the staff members. Nice work.
Waqar
Rampur, April 21, 2016
Poor Policy
My policy is not good because the service is slow, the policy coverage is less, Claims are not enough, premiums are high, not provided help when needed by the staff members not in the company or either on the call. Not satisfied with this policy.
Ojasvi
Krishnagiri, April 21, 2016
Trustworthy
Got term insurance policy plan with tata aia life insurance. The policy plan is above average and the premiums are low. Policy coverage and the claims are high with high payback returns. Services provided by you guys is appreciable with good behaviour of your staff members and the extra good treatment provided by the executives is very nice.
Dhruba
Yamunanagar, April 21, 2016
Fantastic Plan
The term insurance policy plan i have is tata aia life insurance. The policy coverage is high with high claiming amount. The premiums are low and the payback returns are approx. rs.41 L. The service provided by the executives and the staff members is good with nice behaviour.
Gautam
Dungargarh, April 21, 2016
Best Plan
Great term insurance policy plan i got from tata aia life insurance. They has good speed and responsive for any query and for any help. Policy coverage is 88% and the claims are good with easy claiming process. The investment is good and it saves taxes also.
Jiten
Sultanpur, April 21, 2016
Happy With Services
I have term insurance policy plan from tata aia life insurance. The policy is good and the premiums are very less. The best investment and the taxes are also saved. Policy coverage and claims are good and the services are super fast. I really like my policy plan.
Karan
Lonavla, April 21, 2016
Damn Good
Tata aia life insurance is one of the best insurer for term insurance policy plan. The policy coverage is 92% and the claims are good even the the claiming procedure is easy because the service provided by the company members are good and even the web services are even better. The premiums are low and for women get 5% less extra benefits on premiums. My future is secure.
Sandeep
Ponda, April 21, 2016
Wonderful
Policy coverage is less around 78% and the premiums are low around 25 K twice a year. Service are good and always on time till now. The claims are cleared easily due to quick response from the executives and staff members. Please improve your policy coverage for better performance.
Rahul
Kundra, April 21, 2016
Awesome
The term policy plan i have is not as i expected. The policy coverage is 68% and the claims are less. The premiums are 27 K twice a year. Services are fast and the behaviour of the executives and staff members are good. Some improvement needed in the web site. Good tax saving benefit.
Ishant
Panipat, April 21, 2016
Really Good
Tata aia life insurance is one of the perfect insurance providers, i took term insurance policy plan from them. The policy is good in service and it can be buy online also. The web service is awesome and 5% less for women on premiums. Policy coverage and the claims are high. Due to online facility, it reduces the paper work and the waiting part is erased. It saves taxes also.
Akash
Gurgaon, April 21, 2016
Fair Policy
My term insurance policy plan is with tata aia life insurance. The policy coverage is high ~88% and the claims are approx. 36 L after policy get mature. Claims are easily sanctioned because of fast services provided by the executives. Fantastic policy plan which provides good terms and conditions.
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