Tata AIA 2 Crore Term Insurance

Tata AIA 2 crore term insurance is a term insurance plan offered by Tata AIA Life Insurance for a sum assured of 2 Crores. With this plan, you can secure the financial future of your loved ones in case of your unfortunate demise during the policy term. The payout from these Tata AIA 2 crore term insurance plans can help your loved ones take care of their financial needs in your absence. Let us take a look at how these plans work, why you should buy, their benefits and features.

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Note: Know more about what is term insurance first before reading this article.

What is the Tata AIA 2 Crore Term Insurance Plan?

Tata AIA 2 Crore Term Insurance Plan offers financial security to your family in the unfortunate event of your death. Hence, a 2 Crore term plan offered by Tata AIA Life Insurance helps by offering a cover amount of Rs. 2 Crore so that you can be assured that your loved ones will have a financially protected future.

How Does Tata AIA 2 Crore Term Insurance Work?

Buying the Tata AIA 2 Crore Term Insurance Plan for a definite policy term ensures that your chosen beneficiary/nominee receives a Rs. 2 Crore death benefit if you unexpectedly pass away. The policy provides financial security to your loved ones with a large life cover at affordable premiums. You can check out the available Tata AIA 2 Crore term insurance plans and buy the one that best fits your needs.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Why Buy Tata AIA 2 Crore Term Insurance?

Here are some of the reasons why you should buy the Tata AIA 2 Crore Term Insurance plan:

Budget-Friendly Premiums: These plans offer low premiums for a large sum assured, which offers coverage for a long term (till 99/100 years of age). Term insurance is one of the most affordable types of life insurance plans.
Additional Features: The Tata AIA 2 Crore term insurance plan lets customers add extra benefits to their base coverage through riders. These benefits protect against risks like accidental death, terminal/critical illness, and premium waiver.
Peace of Mind: The Tata AIA 2 Crore plan provides you with peace of mind, knowing that your loved ones will be financially secure in your absence and will be able to meet their expenses.

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₹1 CRORE

Term Plan Starting @

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What are the Advantages of Tata AIA 2 Crore Term Insurance?

Let us take a look at how you can benefit by buying a Tata AIA 2 crore term insurance:

Financial Support for Your Family: Tata AIA 2 Crore Term Insurance plan is the one that ensures that your family will live a financially safe life in your absence. The money from the death benefit can be used by your family to close loans, manage debts, or meet household and personal expenses.
Optional Add-ons for Extra Benefits: The Tata AIA 2 Crore term insurance plan provides comprehensive coverage and allows you to add benefits like critical illness, accidental death, and premium waiver riders. While not mandatory, these extra features offer added protection against various risks. Keep in mind that you can only add these riders when buying the policy.
Easy Online Purchase: Buying a Tata AIA 2 Crore Term Insurance plan online is simple and convenient, saving you from visiting a Tata AIA branch or waiting in queues. Through Policybazaar, you can purchase it comfortably from home and receive a 10% discount on online purchases through the Policybazaar website or app.
Flexible Payouts: Unlike some insurance companies that provide the death benefit all at once, you have options to choose how you want to receive it. For example, you can choose for your family to receive a lump sum or get monthly income payments, giving you more control over managing your family's income in your absence.
Tax Benefits: One of the main benefits of buying the Tata AIA 2 Crore term insurance plan is eligibility for term insurance tax benefits under sections 80C and 10(10D) of the Income Tax Act, 1961.

How to Determine the Right Coverage Amount?

It is important to choose the right sum assured when buying term insurance, as this amount will then take care of your family's financial needs in your absence. Let us take a look at how you can determine if the Tata AIA 2 crore term insurance is the right cover for you:

Your Annual Income: When choosing a term insurance plan, it's smart to make sure the coverage is at least 10 times your annual earnings. For example, if you earn ₹5 Lakhs per year, you should buy a term life insurance plan with at least ₹2 Crore cover. You can use Policybazaar term insurance calculator before choosing the best term plan.
Current Age: Your age has a great impact on your term insurance. As you get older, the chances of health problems increase, leading to higher premiums. Buying the Tata AIA 2 Crore plan early ensures you get large life cover at affordable premiums. This helps secure your loved ones' financial well-being while keeping premiums affordable over time.
Financial Dependents and Their Needs: To figure out if a 2 Crore term insurance plan is sufficient, consider your family's needs and your responsibilities. Take into account how many family members depend on you financially and what they might need in the future, like education, career, marriage, and basic living expenses. You should make sure all your dependents are financially covered in your absence.
Pay off Loans/Liabilities: When buying a term insurance plan, you should take all your pre-existing loans/debts, like home loans into account, car loans and any potential education loans. Choosing a 2 Crore term insurance policy is wise as it gives you a relatively high coverage compared to other options, helping you achieve your life goals.

How Do You Buy 2 Crore Term Insurance From Policybazaar?

Let us take a Look at how you can buy the Tata AIA 2 Crore Term Insurance online from Policybazaar:

Step 1: Visit the official website of Policybazaar and click on ‘Term Insurance’

Step 2: Fill in your basic details like Name, DoB, and contact number and then click on ‘View Plans’.

Step 3: Answer the questions about your smoking habits, your annual income, your type of occupation, and your qualifications. Do not forget to choose 2 Crore as your life cover.

Step 4: Next, a list of all available term insurance plans will be displayed.

Step 5: Select the most suitable 2 Crore term plan from the available list and pay using your preferred payment method.

Note: You can take a look at the best term insurance plan in India and choose one that suits your requirements.

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What is Term Life Insurance

FAQs

Q: What is a Tata AIA 2 Crore Term Insurance Plan?

Ans: These term insurance plans by Tata AIA Life provide a life cover of 2 Crore to your family in case of your untimely death. With the payout from these plans, your family can take care of their financial needs in your absence.
Q: How to decide on the right coverage amount?

Ans: When deciding on the right coverage, think about things like your age, income, dependents, future needs, and any loans you still owe. Using Policybazaar's term insurance calculator is helpful for getting accurate numbers.
Q: Why select Tata AIA 2 Crore Term Insurance?

Ans: Opt for Tata AIA 2 Crore Term Insurance to enjoy high coverage at affordable premiums, along with extra benefits like accidental death coverage, terminal illness benefits, and waiver of premium riders.
Q: Who should go for Tata AIA 2 Crore Term Insurance?

Ans: The following types of individuals should buy Tata AIA 2 Crore term plans: young individuals, self-employed/business owners, newly married couples, parents with children, single earning members, and individuals with debts.
Q: What are the key benefits of Tata AIA 2 Crore Term Insurance?

Ans: The key benefits of Tata AIA 2 Crore Term Insurance are affordability, additional benefits through optional add-ons, online availability for easy purchase, flexible payout options, and tax benefits under sections 80C and 10(10D) of the Income Tax Act.
What are the benefits of term life insurance?
Ans: Here are 4 common term insurance benefits:
- Low premium rates
- Tax Benefits
- Death Benefit
- Long term coverage

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹360/month is the starting price for a ₹99 lakhs loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

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