TATA AIA Policy Statement is a documents that contains the written details of the premium transactions and related things. It is obtainable when an individual purchase an investment plan or life insurance policy.
To continue a policy smoothly one needs to be updated with the premiums and other policy details from time to time. The life assured may also find it difficult to keep track of every detail of the policy. This is especially true if one possesses more than one policy. That’s why keeping a policy statement is important. A policy statement is also referred to as a unit statement in the case of investment policies. This is a document that contains the written details of all transactions of an insurance policy.
The TATA AIA Policy Statement can be obtained when a customer purchases an investment policy with the company. It provides all relevant information to the customer regarding the specifications of the policy.
TATA AIA Policy Statement is beneficial to its customers. This document should be kept safe and handy when the policyholder is dealing with policy-related queries. The policy statement is a guide for the policyholder. The policyholder stands to gain the following benefits when he/she refers to and uses the policy statement:
It can act as a time and effort saving mechanism for the policyholder. It has all the particulars of the policy listed in one place, and the policyholder doesn’t need to run from pillar to post to clear different doubts.
It acts as a guide for the policyholder if and when he/she wants to make any future investments.
The policyholder can ascertain how much savings he has in a particular policy by referring to this document. This allows policyholders to plan certain major events in their lives concerning their finances and savings.
It allows the policyholder to make informed decisions related to the policy.
It clears any confusions that the policyholder might have, especially if he owns more than one policy.
It can be used to claim tax benefits at the time when the policyholder files his tax returns, as this document is proof that the policyholder is invested in a specific insurance policy.
A policyholder may obtain the TATA AIA Policy Statement either online or offline. The procedure to be followed for procurement of the policy statement is explained below:
To obtain the policy statement online, the policyholder must visit the official website of the company and click on the "Customer Service" option. This will redirect the customer to a page where the customer must search for the tab "Policy Servicing" and click on it. Click on the "Download Statements" option. Now the customer must locate the tab called "Unit Statement" and click on it. The customer must then input the details requested, that is, his user id and password. Once he hits "Submit", the policy document will be displayed.
To procure the policy statement offline, the policyholder must visit the nearest TATA AIA branch office and request the document. This is a more labour and time-intensive method and is hence not very popular among policyholders.
The TATA AIA Policy Statement can be viewed by the policyholder online. One simply has to locate the company's official website online and then input the username and password to login into his/her account. The policyholder will then be asked some specifications to mention like:
Date of birth of the policyholder
Mobile number of the policyholder
Name of the policyholder
Once all these details are received, the policyholder will be redirected to a page where he/she can view the policy statement and get the correct information regarding his policy.
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