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TATA AIA Term Plan Calculator helps customers calculate the premiums payable for their desired term insurance plan. Using this Tata AIA calculator, you can plan your finances better, knowing how much of your income will be spent on the premiums and how much returns you can expect on survival. You can use this calculator to compare the premiums and select the plan with the most suitable features and benefits.
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Tata AIA term insurance calculator is an online tool that helps the customer calculate accurately the amount of premium they would need to pay for the desired life cover for the suitable policy term. This tool is not only easy to use and cost-effective but also time-saving as you can perform complex calculations within seconds using the Tata term plan calculator. You can find the most suitable Tata AIA term insurance plan for yourself by altering your requirements like life cover and policy term in the calculator.
The key reasons to use the TATA AIA term insurance plan calculator are as follows:
For comparing premium rates between the wide range of insurance plans.
Helps the customer to decide whether a particular plan fits into their budget or not.
For getting a clear idea of what the premium is and to know the time period for insurance to get matured.
It can be done free of charge and online which means, it can be done from the comfort of the policyholder’s home.
The policyholder gets thorough information on particular insurance before purchasing them.
To know the ideal amount of life cover for yourself and your family.
For knowing the minimum and maximum age for them when the policy gets matured.
The process for using the Tata AIA Term Plan Calculator is very simple and can be done online free of cost.
The first step to be done before using the calculator is to enter all the essential details that are asked on the web page. There will be simple details like – Name, D.O.B., Gender, Age, E-mail ID, Mobile Number, Address, Salary per Annum, Marital status, Required Coverage amount. After filling in all these tabs, the customer needs to click on the submit button.
After getting through the first procedure, the customer gets access to the main tab of the calculating process. The customer needs to enter the assured sum, which covers their future financial needs. The premium payment term can be viewed monthly, quarterly, half-yearly, or yearly. The customer can choose the term of payment based on their convenience.
Once after getting an assumption of premium that is to be paid for term insurance, the customer can come to a conclusion on taking up the policy. If the premium doesn't fall under the budget of the customer, then they can choose some other insurance plan and check if the premium of that plan suits their needs while coming under their budget.
Before using the term plan calculator, the policyholder needs to choose a plan wisely that suits their benefits.
Here is how you can use the Tata AIA term plan calculator:
Step 1: Visit the term insurance premium calculator page
Step 2: Select your suitable age, gender, life cover, and cover till age in the drop-down sections
Step 3: The lowest monthly premiums applicable will be shown on the calculator
Step 4: Click on the ‘View Plans’ section to see the available plans and compare them online
There are many advantages to using Tata AIA Term Plan Calculator. Calculating the premium before finalizing on any insurance helps the customers a lot. Tata AIA Term Plan Calculator can help differentiate between various plans and help select the best plan that is suitable for the policyholder. Some of the advantages of using the Tata term plan calculator are given below:
Using the term plan calculator can help the policyholder to get a clear idea of the insurance plan and premium rates of particular insurance before choosing to purchase it.
This calculator can be used online for free. Thus, this saves the time that it takes for the customer to wait in line at the office for calculating their premium rates. Since it is free, it saves the money that is spent on visiting the company’s office and making such complex calculations manually.
Knowing the premium amounts of a policy beforehand saves the customer from uncomfortable situations like delays in the premium payments or if the customer couldn't afford to pay a premium. By knowing the premium rates and the term for their policies, the policyholder can prepare before paying their premiums.
The policyholder can check premium for multiple policies in the term Insurance calculator if they are willing to take multiple policies from the insurance company.
Several basic information is needed while using the Tata AIA Term Plan Calculator online. The information needed is given below:
Personal Information – Full Name, Age, Date of Birth, Gender, Address, E-mail ID, Contact Number, Salary per Annum, Loan Amount, Marital Status, Debts, etc.
Required Sum Assured - Sum assured amount that is needed for life insurance coverage.
Health information – Information about any critical illnesses like Cancer and other habits that are harmful to health, like smoking.
Assess Requirements - An estimated amount is needed to fulfil the future financial goals and dreams of the customer. Dreams and plans of the policyholder's family etc.
Tata AIA Insurance provides various coverage schemes under their policies. Some of the significant benefits of buying this insurance are discussed below:
Tata AIA Term Insurance has life coverage up to 85 years of age. Some policies of Tata AIA have life coverage up to 100 years of age of the policyholder. This is one of the highlighted benefits of Tata AIA Term insurance, among the other insurances that are available on the market.
The cover on the existing policy can be increased to a higher amount during the policyholder's life milestones like – marriage, the birth of a child, retirement, etc. By increasing the life cover on the already existing policy saves the policyholder from the trouble of getting a new policy.
Discounts are provided for premium rates of the policies with a higher sum assured amount in them. Tata AIA term insurance even provides discounts for women and non-smokers.
Some add-on riders are also available in Tata AIA Term Insurance. This scheme helps the policyholder at the time of death, accidental deaths, disability, critical illnesses, and terminal illnesses. All of these risk factors have a probability of arising in any policyholder's life at any time.
Tata AIA offers premium rates to fit the convenience of its customers. They offer premium payment options like – monthly, quarterly, semi-annually, and yearly for the policyholder to pay the premiums as per their suitability. The customer can choose among these options and select a plan that suits them and comes under their budget line.
Tata AIA life insurance provided a CSR of 98.53% in the FY 2021-22, which means they settled most of the claim requests received in the year. This is also one of the significant benefits of Tata AIA term insurance. Customers can register their claim requests online to get their claims settled as soon as possible from the comfort of their homes.
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C applies.
A1. Yes. If the policyholder's death happens due to suicide, then the beneficiary or the Nominee gets the higher of the death benefit, which is at least 80% of the total premiums paid till the death date, or the surrender value.
A2. The death benefit payable to the Nominee is the sum assured on death along with the additional sum assured under the life stage plus option. Sum Assured on death is the basic sum assured, ten times the annualized premium and 105% of total premiums paid up to the date of death.
A3. There are a few additional benefits to Tata AIA. Life Insurance like ADDL (Accidental Death and Dismemberment Long Scale) and other riders that ensure to pay the Nominee the sum assured amount that is to be paid at the end of the policy.
A4. Yes. The Tata AIA Term Insurance can be calculated online for free on the official website of Tata Life Insurance by providing a few basic details of the customers.
A5. Yes. A policy can be taken online in Tata AIA Insurance. The customer needs to provide a few basic details and upload a few documents if necessary to get their policies approved online.
A6. The highest sum assured by Tata AIA is 1 Cr. and above. It depends on the plan or the policy that the customer chooses to be the best fit for them.
A7. The steps involved in buying plan in TATA AIA insurance are as follows:
A8. Yes. The tax benefits of the policies will be provided by the Tata AIA Insurance under the tax benefits laws. Tata AIA Insurance tries its best to meet the customers' needs through any mode of tax benefit they could afford.
*Standard T&C Apply
*Tax benefits are subject to change as per tax laws.
A9. The eligibility criteria for getting a policy in Tata AIA Insurance is – Minimum age 18 to maximum age 70, Basic sum Assured, Salary per annum, Premium payment modes, Maturity age, and Plan options. (Plan option depends on the mode of payment or the type of plan chosen by the customer).
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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