Tata AIA Term Plan Calculator

TATA AIA Term Plan Calculator provides the details of the premium rates of plans offered by TATA AIA Life Insurance Company, and the calculation can be done online for free. Life term insurance policies by the insurance company provide the policyholder and their families with a sense of security and stress-free life. By choosing among the wide range of policies provided by the Tata AIA Life Insurance, the policyholder, can get significant benefits and even plan their future.

Why should you use Tata AIA Term Plan Calculator?

Different insurances are on the rise on the market every day. Using Tata AIA Term Plan Calculator may provide the policyholder with detailed information on the premium rates and maturity rates of a particular plan. By using an online calculator, the policyholder can easily compare the Tata AIA Life Term Plan with the others.

On comparing, the customer can quickly come to a conclusion about which of the plans serves their needs the most. This comparison can also help the policyholder to know whether the premium amount suits their budget or not.

Reasons for using Tata AIA Term Plan Calculator

The key reasons to use the TATA AIA term insurance plan calculator are as follows:

  • For comparing 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 a 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 investing in them.
  • To know the value of their life insurance cover.
  • For knowing the minimum and maximum age for them when the policy gets matured.
Why buy Term Insurance early?

Your premium is decided on age at which you buy the policy and remains same, throughout your life

Premiums can increase between 4-8% each year after your Birthday

Your policy application could be rejected or premiums increase by 50-100%, if you develop a lifestyle disease

See how age affects Term Insurance Premiums
See how age affects Term Insurance Premiums
Premium 479/month
Age 25
Age 50
Buy Today & Save Big
View Plans

The Process to use Tata AIA Term Plan Calculator

The process for using the Tata AIA Term Plan Calculator is very simple and can be done online free of cost. To use the Term Plan Calculator, the individual has to go to the official website of Tata AIA Life Insurance.

The ‘Term Plan Calculator’ tab is available on the homepage of the website. Before using the calculator, the following steps are to be followed:

Enter the Basic Details

The first step to being 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.

Enter the Assured Sum

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, half-yearly, or yearly. The customer can choose the term of payment based on their convenience.

Check the Premium Amount and Finalize

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.

Key Advantages of Tata AIA Term Plan Calculator

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 differentiate between various plans and provide the best plan that is suitable for the policyholder. Some of the advantages are given below:

Clarity on any Insurance Plan

Many policyholders have no idea about their insurance plan. 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 invest in it.

Time and Cost-Efficient

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 for travelling purposes.

Prepared Beforehand

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.

Check Premium for Multiple Policies

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.

Information required while using Tata AIA Term Plan Calculator

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.
  • 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.
  • 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.

Core Benefits of buying Tata AIA Term Insurance Plan

Tata AIA Insurance provides various coverage schemes under their policies. Some of the significant benefits of buying this insurance are discussed below:

Coverage Policy

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.

Life Stage Milestone Options

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 on Premium

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 as a token of gratitude from their side.

Riders

Some add-on riders are also available in Tata AIA Term Insurance under the term 'risk-averse. 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 Term Insurance prepares their customers for one such unfortunate time also.

Affordability

Tata AIA has its premium designed according to the convenience of their customers. They consider the policyholder's trouble when it comes to the premium payments. So, they have options like – monthly, thrice a year, twice a year, and only once in a year.

The customer can choose among this option that suits the best for them and comes under their budget line.

Claim Percentage

Tata AIA provides a 99.1% claim percentage for the customer's insurance claims. This is also one of the significant benefits of Tata AIA term insurance. The customers can quickly get their claims online. So, the claim amount can be received as soon as possible, and the customer gets the claim from the comfort of their homes.

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

Tata AIA Term Insurance Premium Rates

The premium rates of TATA AIA term insurance plans are as follows:

Special Premium Rates

A special premium rate is available for people who are trying to follow a healthy lifestyle. The non-smokers get a special premium rate and discounts for their policies. Additional discounts are available for female customers.

Tax Benefits

Income tax laws change from time to time. So, the insurance premium rates and sum assured amount comes under the tax laws. However, Tata AIA Insurance provides a plan with tax benefits according to the customer's needs.  

*Standard T&C Apply

*Tax benefits are subject to change as per tax laws.

Grace Period

Grace Period is provided by Tata AIA on the delay of premium payments by their customers. Fifteen days of grace period for monthly premium payments and 30 days grace period for other options of premium payments.

Free Look Period

Suppose the customer is not satisfied with the terms and conditions of any policy offered by the Tata AIA Insurance. In that case, they can cancel the policy by submitting a written notice to the company that states the reason for the cancellation. They can get a full refund of all premium payments made by them. No more premiums will be collected from the customer after cancellation.

FAQs

  • Q1. Is there any exclusion in Tata AIA Maha Raksha Supreme?

    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.

  • Q2. What is a death benefit?

    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.

  • Q3. List a few additional benefits of Tata AIA Insurance.

    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.

  • Q4. Can I use the Tata AIA Term Insurance Calculator online?

    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.

  • Q5. Can I take a policy online in Tata AIA Insurance?

    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.

  • Q6. What is the highest sum assured amount provided by Tata AIA Insurance?

    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.

  • Q7. What are the steps involved in getting a plan in Tata AIA Insurance?

    A7. The steps involved in buying plan in TATA AIA insurance are as follows:

    Step 1: Choose the basic sum assured that suits the needs.

    Step 2: Choose the term of the policy and the premium payment option.

    Step 3: The agent or advisor will help the customer to calculate the amount of premium that is to be paid.

  • Q8. Are there any tax benefits applicable?

    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.

  • Q9. What are the eligibility criteria?

    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.

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)
Newsletter
Sign up for newsletter
Sign up our newsletter and get email about term plans.

Tata AIA Term Plan Calculator 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.
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL