Tata Aia Life vs Canara Hsbc Investment Plans

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Tata Aia Life vs Canara Hsbc Investment Plans

COMPANY DETAILS Edit TATA AIA Life Insurance

Tata Aia Life

Edit Canara HSBC Investment Plans

Canara Hsbc Investment Plans

Rating
Number of life insurance plans and add-ons
Annual Premiums Collected (2024-25)

Annual Premiums Collected (2024-25)

483.60Cr

Annual Premiums Collected (2024-25)

000 to No limit
Payout Options

Payout Options

Network hospitals are not applicable for life insurance policies as they do not involve cashless hos

Payout Options

-
Claim ratio

Claim ratio

99.29%%

Claim ratio

Minimum Age - 0 year%
Solvency Ratio

Solvency Ratio

1.80

Solvency Ratio

100 years
Branches

Branches

317+

Branches

Yearly, half-yearly
Riders Available

Riders Available

The claim form for Tata AIA Life Insurance can be obtained from their official website, by contacting their customer service, or by visiting a nearest branch office. For death claims, a specific death claim form is required.

Riders Available

Minimum term - 6 years Maximum term - 30 years
Policy Term

Policy Term

10 to 40 years

Policy Term

5 to 30 years
Recommended Videos
TATA AIA Life Insurance Review

TATA AIA Life Insurance Review

Overview

Tata AIA Life Insurance: Overview

Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture between Tata Sons Pvt. Ltd. (holding 74% stake) and AIA Group Ltd. (holding 26%). Tata AIA Life Insurance is one of India's largest private-sector insurers, providing a diverse variety of life, health, and group insurance products to individuals, groups, and enterprises.

To cater to different insurance needs, Tata AIA Life Insurance Company Ltd. offers multiple life insurance segments such as protection plans, wealth plans, child plans, savings plans, group plans, micro-insurance plans, and more. Tata AIA Life combines Tata's strong leadership in India with AIA's presence as the largest independent listed pan-Asian life insurance group, spanning 18 markets in the Asia Pacific region.

Tata AIA Life commenced operations on April 1, 2001. For the financial year 2022-23, its total premium income increased to Rs. 14,445.03 crores, a growth of 34%. With a claim settlement ratio of 99.01% and a variety of term plans for your family's financial protection, Tata AIA Life is among the most trusted insurers.

Tata AIA Life Insurance plans offer:

  • Excellent claim support
  • Easy claim processing
  • Pocket-friendly premiums
  • Lifetime Payout
  • Tax benefits

Riders

Riders You Can Avail With Tata AIA Life Insurance Plans

Name of the rider Benefits
Tata AIA Waiver of Premium Rider Waives all future premiums, ensuring policy benefits remain intact in case of disability, dismemberment, or diagnosis of critical illness.
Tata AIA Accidental Death Rider Provides additional financial support to dependents upon the policyholder's death due to an accident.
Tata AIA Accidental Disability Rider Offers financial benefits if the policyholder becomes partially or totally disabled due to an accident.
Tata AIA Critical Illness Rider Pays a lump sum benefit if the policyholder is diagnosed with any of the critical illnesses specified in the policy brochure.

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Canara HSBC Investment Plans

Canara HSBC Investment Plans are financial products that help you build wealth over a period by investing regular premiums.

Investment Plan Plans

Investment Plan

Canara HSBC Money Back Advantage Plan is an individual non-linked life insurance cum saving plan. It offers comprehensive benefits of saving and prote...

Unique Features

  • 3 Guaranteed money back
  • Policy term for 16 years
  • Limited premium paying term

Canara HSBC Money Back Advantage (Pros)

Canara HSBC Money Back Advantage
  • Family protection
  • Limited premium paying term
  • Guaranteed sum assured on maturity

Canara HSBC Money Back Advantage (Cons)

Canara HSBC Money Back Advantage
  • Suicidal death not covered
  • Aviation accidents not covered
  • Death related to intoxication not covered

Canara HSBC Money Back Advantage (Other Benefits)

Canara HSBC Money Back Advantage
  • Tax benefits as per Income Tax Act 1961
  • Death benefits
  • Maturity benefits

Canara HSBC Money Back Advantage (Eligibility Criteria)

Canara HSBC Money Back Advantage
  • Minimum entry age: 8 years
  • Maximum entry age: 55 years
  • Minimum sum assured: 1 Lakh
  • Maximum sum assured: No Limit
  • Maximum policy term: 16 years

Investment Plan

Canara HSBC Titanium Plus is an individual-linked life insurance savings plan. It offers the dual benefit of insurance and investment. Unlike a normal...

Unique Features

  • Loyalty addition
  • Choice of 8 funds
  • Flexible Premium Payment Term

Canara HSBC Titanium Plus (Pros)

Canara HSBC Titanium Plus
  • Wealth booster and loyalty addition
  • Flexible premium payment term
  • Multiple Portfolio Management Options

Canara HSBC Titanium Plus (Cons)

Canara HSBC Titanium Plus
  • Suicidal death not covered
  • Joint life cover not applicable
  • You cannot get policy loan

Canara HSBC Titanium Plus (Other Benefits)

Canara HSBC Titanium Plus
  • Switching of investment between different funds
  • Enhanced protection through riders
  • Life cover up to the age of 80 years

Canara HSBC Titanium Plus (Eligibility Criteria)

Canara HSBC Titanium Plus
  • Minimum entry age - 0 years
  • Maximum entry age - 70 years
  • Maximum sum assured - 1.25 X Single Premium
  • Maximum policy term - 30 years

Investment Plan

Canara HSBC Easy Bachat plan is a long-term savings and family protection plan. It offers two plan variants, allowing policyholders to select the prot...

Unique Features

  • 2 Plan Options
  • Guaranteed Additions
  • Lower Premiums

Canara HSBC Easy Bachat (Pros)

Canara HSBC Easy Bachat
  • Survival benefit
  • Maturity benefit
  • Life insurance death benefit

Canara HSBC Easy Bachat (Cons)

Canara HSBC Easy Bachat
  • Suicides not covered
  • Death due to aviation accident
  • Death due to any adventurous sports

Canara HSBC Easy Bachat (Other Benefits)

Canara HSBC Easy Bachat
  • Surrender value
  • Endowment options
  • Money back options

Canara HSBC Easy Bachat (Eligibility Criteria)

Canara HSBC Easy Bachat
  • Minimum entry age: 18 years
  • Maximum entry age: 55 years
  • Minimum sum assured: Rs 20
  • 000
  • Maximum sum assured: Rs 10
  • 00
  • 000
  • Maximum policy term: 20 years

Investment Plan

Canara HSBC Invest 4G Plan provides dual benefits to policyholders: life coverage for financial protection for their family, and maturity benefits. Th...

Unique Features

  • Loyalty additions
  • Wealth boosters
  • Minimal associated charges

Canara HSBC Invest 4G (Pros)

Canara HSBC Invest 4G
  • Death benefit
  • Maturity benefit
  • Loyalty additions

Canara HSBC Invest 4G (Cons)

Canara HSBC Invest 4G
  • Suicidal death is not covered
  • Air accidents not covered

Canara HSBC Invest 4G (Other Benefits)

Canara HSBC Invest 4G
  • Wealth boosters
  • Return of mortality charges
  • Partial withdrawal charges

Canara HSBC Invest 4G (Eligibility Criteria)

Canara HSBC Invest 4G
  • Minimum entry age: 18 years
  • Maximum entry age: 50 years
  • Minimum sum assured: Life insurer's age < 45 years - Higher of 10 Times AP 0.5*T*Annualised Premium
  • Maximum policy term: 30 years
Naval Goel

Reviewed By: Naval Goel

Naval Goel is the CEO & founder of PolicyX.com. Naval has an expertise in the insurance sector and has professional experience of more than a decade in the Industry and has worked in companies like AIG, New York doing valuation of insurance subsidiaries. He is also an Associate Member of the Indian Institute of Insurance, Pune. He has been authorized by IRDAI to act as a Principal Officer of PolicyX.com Insurance Web Aggregator.