Tata AIA 1 Crore Term Plan

Best Tata AIA 1 Crore Term Insurance Plans in India

Here are the best Tata AIA 1 Crore Term Insurance plans available in India:

Tata AIA Sampoorna Raksha Promise

• You can choose the most suitable plan option from the 4 options: Life Promise, Life Promise Plus, Joint Life Promise, and Joint Life Promise Plus.

• Enhance the cover with Life stage and top-up sum assured options.

• The plan offers Health management services, family plan, and loyalty program benefits.

• You can easily renew the plan up to 5 times at the maturity of the policy.

• You get flexi pay and cover continuation benefits with this plan.

Tata AIA SRP Shubh Rakshak

• The plan offers death benefit in case of death during the policy term.

• You can choose the most suitable payout option for your family with the Dependent Care option.

• You get a wide range of OPD benefits in the form of wallets, preventive health check-ups, consultations, medical second opinion, and dental & physiotherapy services.

• You can choose to cover your spouse under the same plan with the joint cover options.

• You get total annual OPD benefits worth 64,000 per year, along with discounts and savings on diagnostics and medicines.

Tata AIA SRP Shubh Shakti

• The plan offers death and terminal illness benefits for a more comprehensive cover.

• Women receive a lifetime discount of 15% and a premium break feature during pregnancy.

• You can choose to add the additional Child Protection Benefits to the base plan.

• The riders available with the plan are the Accidental Death benefit, total permanent disability, and waiver of premium on husband’s accidental death or terminal illness diagnosis.

• You get OPD benefits and wellness benefits in the form of annual health check-ups, consultations, women care, dental wellness, lifestyle and condition management, and discounts on medicines, tests, and more.

Note: It is suggested to calculate the term plan premium on the term insurance calculator online tool by Policybazaar before buying the plan.

Benefits of Buying Tata AIA 1 Crore Term Insurance Plans

Here are the benefits of buying a Tata AIA 1 Cr term plan in India:

• Financial Protection for Family: Tata AIA term insurance plan provide financial protection to your loved ones by paying the 1 Crore sum assured to your nominee, in case of your untimely death.

• Return of Premium: Various Tata AIA term plans offer return of premium at the end of the policy term. With these plans, you can be sure that you will get a benefit amount even if the policy term ends.

• Income Replacement: The Tata term insurance plans can act as income replacement for your family in your absence by providing a steady income in the form of monthly death benefit installments.

• Special Exit Benefit: You can exit the plan early if you no longer need the term insurance cover. The special exit benefits allow you to exit the plan during a specific window and receive all the premiums paid until that point. 

• Tax Benefits: You can claim term insurance tax benefits as per the prevailing tax laws under sections 80C and 10(10D) of the Income Tax Act, 1961.

What are the Key Features of 1 Crore Term Plan by Tata AIA Life Insurance?

Let us take a look at some of the key features of a Tata AIA term insurance 1 crore:

• Affordable Premiums: Term insurance plans are the most affordable types of life insurance. With these plans, you can financially secure your loved ones without straining your budget.

• Wider Entry Age: Tata term insurance offers a large entry age, with people between ages 18 years and 65 years eligible to buy term insurance. This allows people from different life stages to secure their loved ones at affordable premiums.

• Higher Sum Assured: With Tata term insurance 1 crore plan, you can secure higher sum assured for your loved ones at lower premiums.

• Multiple Premium Paying Mode: You can choose to pay the premiums in the most suitable premium paying modes and terms as per your convenience. 

• Benefit Payout Options: You also get the choice of selecting the right benefit payout option for your family in the form of lump sum, monthly installments, lump sum + monthly income, or increasing income.

Note: Know what is term insurance first and then buy a term plan for your loved ones.

Tata Life Insurance Company Ltd

Tata AIA Life Insurance is one of the joint ventures of AIA group and Tata Sons with a stokehold of 51% and 49%, respectively. The company boasts of a flawless combination of efficiency and experience. The Tata AIA Life Insurance Company Limited was authorized to function in India on 12th February 2001, and the functioning of the company in the Indian Life Insurance Market started on 1st April 2001. Tata AIA aims to safeguard the financial stability of 3 million consumers by offering them a life cover policy. 

Tata AIA term insurance is a product offered by the Tata AIA Life Insurance Company. You can choose from a variety of insurance products like life, savings, term, wealth, and retirement, and buy the one that best suits your needs. The company serves customers from different walks of life by offering life insurance plans designed for different needs. Tata AIA life insurance also prioritises customer's experience and thus offers their dedicated customer support team, which can be contacted via WhatsApp, call, email, and office branch. Let us take a look at the best Tata AIA 1 Crore term insurance plans available in India.

How to Buy Tata AIA Term Insurance 1 Crore Online?

The following are the steps to be taken in order to purchase the Tata AIA 1 Crore Term Plan online.

Step 1: Visit the official website of Policybazaar and go to their term insurance page.

Step 2: Fill in the required details like your name, gender, contact information, and more 

Step 3: Click on the View Plans button and then choose the right smoking habit, occupation type, annual income, and educational qualifications

Step 4: Select the most suitable Tata AIA 1 Cr term plan and proceed to pay the premiums

What are the Documents Required to Buy Tata AIA 1 Crore Term Plan?

Individuals who want to purchase the Tata AIA 1 Crore Term Plans should have the following documents as proof of their identity, address, and income.

• Passport-sized photographs

Any one of the below-mentioned documents can be presented as proof of identity:

• PAN Card

• Passport

• Driving License

• Voter's ID Card

• Aadhaar Card

• Job Card given by NREGA and signed by the respective State Government Authority

Any one of the following documents can be presented as address proof:

• Recent post office or bank account statement

• Municipal or property tax receipts

• Recent month's utility bills such as electricity bills, water bills, gas bills, telephone bills, post-paid mobile bills

• Rental Agreements

Key Exclusions 

Tata AIA 1 Crore Term plans do not offer the plan benefits under the following circumstances. 

• Accidental death due to driving under the stimulus of alcohol or any other drugs.

• Death during participation in racing events.

• Death while participating in adventurous sports.

• Death due to pregnancy and parturition.

• Death during participation in war or civil commotion

• Death,as a result of participation in illegal or criminal activities.

• Committing suicide or death due to self-inflicted damage.

Note: Check all the best term insurance plan in India.

Note: You should also check the benefits of term life insurance if you are planning to purchase the term insurance plan.

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