Tata InstaProtect is a comprehensive, innovative solution that provides financial protection to you and your family members. This term product combines the long cover benefits with critical illness, accidental death, hospitalization expenses, terminal illness, accidental total and permanent disability, and other benefits like Tata AIA’s vitality program. Let us take a quick look at the key features of Tata AIA InstaProtect before learning more about its benefits.
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The Policybazaar Advantage
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.
Here are the Key features of Tata AIA InstaProtect Plan:
Comprehensive Protection: The Tata AIA InstaProtect offers comprehensive life cover and health protection to you and your family, with flexible packages to choose from. It covers heart conditions, hospitalization, cancer, terminal illness, critical illness, and disability
Cost-effective and economical premium rates: Each plan option come with a flexible term of premium payment and economical premiums for comprehensive benefits and coverage
Return of premium (optional): Receive the premiums paid towards keeping this Tata AIA term insurance plan active at the end of the policy term
Tax Savings Benefit: Get tax benefits as per the applicable laws of the Income Tax Act
Simplified procedure: Smooth and easy on-boarding process with no medical tests, claim settlement processes, and renewal with hassle-free online transaction modes.
Express Issuance: This option offers the claim payout option within 4 hours of registering the claim
Premium Payment Flexibility: You can select the premium payment term and policy term at your convenience.
Following are the benefits of the Tata AIA InstaProtect Plan:
Life Cover Benefit: Protect your family’s financial future in case of your unforeseen demise with this term life insurance. The term cover will take care of your dear one’s financial well-being and provide much-required security in your absence.
Maturity Benefit: Get a return of all the premiums paid for the entire policy term at the time of maturity, with the return of premium option of provided that all premiums were duly paid till the completion of the policy tenure.
Accidental Death Benefits: In case the policyholder suffers an accidental death during the policy term, the rider sum assured will be paid to the nominee on top of the base sum assured. In case the accidental death occurs on public transport, or any other specific circumstances covered under the plan, the nominee will receive double the rider sum assured.
Criticare Plus Benefits: Under this, you will be eligible for lump sum payout on 1st diagnosis of any of the mentioned 40 critical illnesses or undergoing any covered processes. Thus, this benefit offers comprehensive coverage against a number of illnesses such as cardiac and cancer.
Hospicare Benefit: In case of any medical emergency, if you are hospitalized, the hospicare benefit will pay for per day hospitalization advantage of 0.5% of the sum assured amount. Also, if you are admitted to ICU, then an additional 0.5 percent of the sum assured will be payable.
Accidental Total and Permanent Disability Benefit: In case of an unfortunate event such as total and permanent disability because of an accident, a lump sum amount will be paid. This amount will provide coverage for treatment expenses, income loss, etc. In this, the payout amount gets doubled if the accident occurs under some situations such as public transport, etc.
Life Cover: Protect your family’s financial future in case of your unforeseen demise with a term cover. The term cover will take care of your dear one’s financial well-being and provide much-required security in your absence.
Choose Return of Premium Option: Get ROP for respective coverage at the time of maturity, if the benefit option is in force till the completion of the policy tenure.
Tax Benefits: You can claim term insurance tax benefits as per the prevailing tax laws under sections 80C, 80D, and 10(10D) of the Income Tax Act of 1961.
Note: It is suggested to calculate the term plan premium on the term insurance calculator online tool by Policybazaar before buying the plan.
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Rider Benefits of Tata AIA InstaProtect
Benefits
Details
Sum Assured Package
25 Lakhs
50 Lakhs
70 Lakhs
Criticare Plus Benefit (Lumpsum)
Get coverage against 40 critical illnesses, including heart conditions and cancer
3 Lakhs
5 Lakhs
10 Lakhs
Hospicare Benefit (Lumpsum)
Pay for your hospitalisation and ICU admission expenses
5 Lakhs
10 Lakhs
10 Lakhs
Accidental Total and Permanent Disability (Lumpsum)
Take care of your expenses in case of an accidental total and permanent disability
5 Lakhs
10 Lakhs
15 Lakhs
Accidental Death Benefit (lumpsum)
Nominee receives an extra amount in case of the policyholder’s death due to an accident
5 Lakhs
10 Lakhs
15 Lakhs
Sampoorna Raksha Supreme
Benefit amount will be paid on the diagnosis of terminal illness or death of the policyholder
7 Lakhs
15 Lakhs
20 Lakhs
**Payout accelerator benefit offers inbuilt terminal illness at 50% of the sum assured
**Here is the Terminal illness meaning – This is a kind of disease that is fatal and cannot be cured.
What is Tata AIA Vitality Wellness Program?
Tata AIA Vitality wellness program is an international scientific and comprehensive wellness program that rewards customers for improving their health by providing them with premium discounts and cover boosters. Just by enrolling in the program, you will be eligible to receive a 10% discount on the rider premium. This discount may increase or decrease based on your wellness performance over the next few policy years.
Eligibility Criteria
Parameters
Minimum
Maximum
Sum Assured Package
25, 50, 70 Lakhs
Return of Premium option (ROP)
ROP, non-ROP
Entry Age
18 years
45 years
Maturity Age
23 years
75 years
Policy Term
ROP
10 years
40 years
Non-ROP
5 years
50 years
Premium Payment Term
Single Pay
1 year
Limited Pay
5 year
PT minus 1
Regular Pay
Equal to PT
Frequency of Premium Payment
Annual/Half-yearly/Quarterly/Monthly
How Does Tata AIA InstaProtect Plan Work?
Step 1: Choose the correct sum assured package
Step 2: Choose Non-Return of Premium (ROP)/Return of Premium
Step 3: Choose Premium Payment Term/Policy Term and Payment Frequency
Step 4: You can easily and quickly buy the customized plan online through multiple digital payment modes. Proceed to pay the premium of Tata AIA InstaProtect Plan
Documents Required to Buy Tata AIA InstaProtect Plan
The documents required to buy Tata AIA insta protect are as follows:
Q. What is hospicare benefit in Tata AIA insta protect?
Ans: The hospicare benefit in Tata AIA insta protect is a rider benefit that helps policyholders cover the expenses incurred at a hospital. This includes hospitalisation costs, ICU admission expenses, and more. With the Tata AIA hospicare benefit, you can peacefully recover, knowing that the hefty hospital bills won’t be leaving a dent in your bank balance.
Q. What is the minimum policy term for return of premium plan under Insta Protect?
Ans: The minimum policy term allowed for return of premium option under Tata AIA instaProtect is 10 years. This means you can stay covered under the plan’s benefits for 10 years and will be receiving all the premiums paid during this term as a maturity benefit on survival.
Q. What is the CritiCare plus benefit available in insta protect 70 lacs package?
Ans: The criticare benefit available in Tata AIA insta protect 70 Lacs package is Rs. 10 Lacs and covers a total of 40 critical illnesses of varying severity, including cancer and heart issues.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
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Tata AIA instaProtect Plan Reviews & Ratings
4.6 / 5 (Based on 62 Reviews)
(Showing Newest 10 reviews)
Suresh
Karnataka, July 22, 2024
★★★★★
Very Patient Support Team
The customer support team was very patient and guided me through the process.
Ma
West Bengal, July 22, 2024
★★★★★
All Queries Answered
The customer support team was very responsive and answered all my queries promptly.
Babu
Gujarat, July 22, 2024
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Telangana, July 22, 2024
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Ajay
Uttar Pradesh, July 22, 2024
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Trusted and Respected
Policybazaar really helped me understand what is term insurance and helped me buy an affordable plan from ICICI.
Pooran
Tamil Nadu, July 22, 2024
★★★★★
Secure Future for My Parents
Being the sole breadwinner, I was worried about my aging parents. SBI Lifes eShield Next plan provided the ideal coverage with additional benefits like terminal illness cover. Now I am confident their future is secure.
Rakesh
Punjab, July 22, 2024
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Secure and Simple
Secure and simple coverage for my family with ICICI Prudential via Policybazaar. Its comforting to know they are protected.
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Delhi, July 22, 2024
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