TATA AIA Life Insurance
TATA AIA Life Insurance
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TATA AIA Life Insurance

TATA AIA Life Insurance is a renowned life insurance company in India. It is a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. TATA Sons hold a majority of stake- 74% whereas, AIA holds 26%. It deals in multiple life insurance segments such as protection plans, wealth plans, child plans, savings plans, group plans, and micro-insurance plans (among others). With branches all over India, the company is in reach of every common man.

Highlights:

Claim ratio

99.06%

No. of Insurance Policies Issued

36 Million

Business weighted premium

Rs.2692 Crore

**Last Updated on 05-11-2020

1. Tata AIA Protection Plan

Protection Plans are traditional life insurance policies that offer financial support and stability to your family in case of any eventuality. Below is the list of such plans for your reference.

i) Tata AIA Life Insurance Sampoorna Raksha

A pure term insurance plan that provides financial protection to your family. The plan offers the flexibility to choose the plan option as per your needs. You can opt to receive either a lump sum benefit on death or monthly income for the next 10 years.

Key Features:

  • Life Insurance Cover: The plan offers life insurance cover up to 85 years of age. The policyholder can also opt for a whole life insurance cover till 100 years.
  • Optional Rider: The plan allows you to invest in an additional rider through which you can enhance the basic cover.

Eligibility:

Entry age

18 years to 70 years

Maximum Maturity age

85 years

Whole cover: 100 years

Premium payment mode

Annual/ Half-yearly/ Quarterly/ Monthly

**Last Updated on 05-11-2020

The values may change as per the chosen plan option

ii) Tata AIA Life Insurance Sampoorna Raksha+

It is a unique form of protection plan that not only protects you from uncertainties of life but also gives you a return on the paid premium on survival till the maturity of the plan.

Key Features:

  • Life Insurance Cover: The plan offers a life insurance cover of up to 40 years or up to 100 years of age.
  • Choice of Premium Paying Term: The plan comes out with the flexibility to choose regular or limited (5/ 10/ 12 Years) premium paying terms.
  • Lower Premium Rates: The plan is available at lower premium rates for women and non-smokers.

Eligibility:

Entry age

18 years to 70 years

Maturity age

28 years to 100 years

Policy term

10 to 40 years

Premium payment mode

Annual/ Half-yearly/ Quarterly/ Monthly

**Last Updated on 05-11-2020

The values may change as per the chosen plan option

iii) Tata AIA Life Insurance iRaksha Trop

Tata AIA Life Insurance iRaksha TROP is a non-linked and non-participating online term insurance plan, which not only ensures peace of mind with required protection cover but also offers a return of the total paid premium at the end of the policy tenure.

Key Features:

  • Return of Premium: The plan comes out with the return of a premium feature in case of survival till the maturity date.
  • Lower Rates for Females: Under this plan, female customers can get the benefit of lower rates.

Eligibility:

Entry age

18 years to 65 years

Maturity age

75 years

Policy term

10 years to 30 years

Premium paying frequency

Annually/ Semi-annual

**Last Updated on 05-11-2020

The values may change as per the chosen plan option

iv) Tata AIA Life Insurance Maha Raksha Supreme

Tata AIA Life Insurance Maha Raksha Supreme is a non-linked and non-participating term insurance plan that offers you a wide range of choices to fulfil your family's financial needs.

Key Features:

  • Life Protection: The plan offers financial protection to your family in case of your unfortunate demise.
  • Choice of Premium Payment: The plan allows you to choose a premium payment option out of the three- regular pay, limited pay and single pay.
  • Discount for females: All females can avail this plan at discounted rates. 

Eligibility:

Entry age 

18 - 70 years

Maturity age

Minimum

  • Non Whole Life: 28
  • Whole Life 100

Maximum

  • Non Whole Life: 85 
  • Whole Life 100

Sum assured

Min: 50,00,000 & Max: No Limit

**Last Updated on 05-11-2020

2. Tata AIA Wealth Solutions

Wealth insurance plans offer the right balance between investment & wealth accumulation to secure your family and fulfil your future goals. TATA AIA Life Insurance offers a wide range of wealth solutions, which are mentioned below.

i) TATA AIA Life Insurance Wealth Pro

It is a non-participating unit-linked endowment assurance plan under which settlement option is provided on maturity, thus enabling you to receive the maturity amount either in a lump sum or in installments. It offers liquidity facility in case of need.

Key Features

  • Flexibility To Pay a Premium: The plan offers the flexibility to pay the premium one time or for a limited period.
  • Riders: The plan offers the opportunity to customize your product with the help of three additional unit deducting riders.

Eligibility:

Entry age 

30 days to 60 years

Maximum maturity age

75 years

Premium paying term

Single Pay Limited Pay – 5 /7 and10 years Regular /Limited Pay – 15 and 20 years

Minimum premium

Single Pay – Rs. 5,00,000

Regular/Limited Pay – Rs. 2,50,000 per annum

**Last Updated on 05-11-2020

ii) Tata AIA Life Insurance Fortune Maxima

Under this plan, you have to pay the premium once or for a limited period and get insurance protection for your entire life. It also comes out with regular loyalty additions, which are credited directly to the policy.

Key Features

  • Multiple Funds Options: The plan comes out with 11 funds options that offer enhanced investment opportunities.
  • Partial Withdrawals: The plan allows you to make partial withdrawals from the 5th policy year to deal with financial needs in case of urgency.

Eligibility:

Entry age

30 days to 60 years

Maturity age

100 years

Payment mode

Single/ Annual/ Semi-Annual/ Quarterly/ Monthly

Minimum premium

Single Pay –Rs. 1,00,000
Limited Pay – Rs. 50,000 per annum

**Last Updated on 05-11-2020

iii) Tata AIA Life Insurance Fortune Pro

It is a Unit Linked Individual Life Insurance Savings plan that offers protection throughout the policy tenure along with the choice of enhanced systematic money allocation & regular transfer investment portfolio strategy.

Key Features:

  • Fund Options: The plan comes out with 11 fund choices to assist you with better investment strategies.
  • Settlement Option: The plan offers a settlement option on maturity that allows you to receive the maturity amount either in a lump sum or in installments (over some time).
  • Top-up Facility: The plan also offers a top-up facility through which you can further augment your portfolio.

Eligibility:

Entry age

30 days to 59 years

Maturity age

18 years to 75 years

Premium paying term

Single Pay Limited Pay – 5 /7 and10 years Regular/Limited Pay – 15 and 20 years

Pay mode

Single/ Annual/ Semi-Annual/ Quarterly/ Monthly

**Last Updated on 05-11-2020

iv) TATA AIA Wealth Maxima

It is a non-participating unit-linked whole life insurance plan that allows you to customize your plan with three additional unit deducting riders.

Key Features:

  • Multiple Fund Choices: Under this plan, you will receive 11 fund choices that will provide several investment opportunities.
  • Enhanced Systematic Money Allocation: The plan offers the choice of enhanced systematic money allocation and regular transfer investment portfolio strategy.
  • Tax Benefits: The plan offers tax benefits under section 80C and 10 (10D) of the Income Tax Act, 1961.

Eligibility:

Entry age 

30 days to 60 years

Maturity age

100 years

Pay mode

Single/ Annual/ Semi-Annual/ Quarterly/ Monthly

Minimum premium

Single Pay – Rs. 5,00,000 Limited Pay – Rs. 2,50,000 per annum

**Last Updated on 05-11-2020

3. Tata AIA Savings Solutions

Savings Insurance Plans allow you to build a corpus along with a life insurance cover. The plan offers multiple savings opportunities to assist you in case of any eventuality. Below is the list of all TATA AIA Life Insurance Plans for your perusal.

i) TATA AIA Life Guaranteed Return Life Insurance Plan

TATA AIA Life Guaranteed Return Life Insurance Plan is an individual, non-linked and non-participating life insurance savings plan. The plan assists you to fulfil your medium to long term goals like child's education, marriage, retirement, etc.

Key Features:

  • Multiple Plan Options: The plan offers the flexibility to choose from three different plan options, which include endowment, regular income or whole life income.
  • Guaranteed Additions: The plan offers guaranteed additions to boost the corpus regularly under the endowment plan option.
  • Cover Your Spouse: Under the whole life plan, you will be liable to cover your spouse.

Eligibility:

Entry age

0 years to 60 years

Premium

Minimum: 24,000/- PA

Premium payment mode 

Single/ Annual/ Half-yearly / Quarterly/ Monthly

Premium payment term

5 years to 12 years

**Last Updated on 05-11-2020

The values may change as per the chosen plan option

ii) TATA AIA Guaranteed Monthly Income Plan

TATA AIA Guaranteed Monthly Income Plan is a non-linked and non-participating individual life insurance savings plan. It is a financial protection plan that helps you and your family to meet your future requirements.

Key Features

  • Premium Boost: The plan comes out with an applicable premium boost that will help in increasing the monthly income.
  • Optional Rider: The plan allows the insured to enhance the basic cover with the help of additional riders.

Eligibility:

Entry age

6 years to 60 years

Maximum maturity age

68 years

Maximum annualized premium

No limit, subject to board approved underwriting policy

Premium payment mode

Annual/ Half Yearly/ Quarterly/ Monthly

**Last Updated on 05-11-2020

The values may change as per the chosen plan option

iii) Tata AIA Life Insurance Diamond Savings Plan

Tata AIA Life Insurance Diamond Savings Plan is a limited pay insurance plan that assists you to deal with future requirements along with financial protection for your loved ones.

Key Features:

  • Guaranteed Income: The plan offers guaranteed income after completion of premium payment tenure. 
  • Bonus: The plan provides a vested compound reversionary bonus and the terminal bonus at the time of maturity or on death.

Eligibility:

Entry age

0 to 60 years

Policy term

15 years to 25 years

Basic Sum Assured

11 times of the Annualised Premium

Premium Payment Mode 

Annual/ Half-yearly / Quarterly/ Monthly

**Last Updated on 05-11-2020

The values may change as per the chosen plan option

iv) Tata AIA Life Insurance Gold Income Plan

Tata AIA Life Insurance Gold Income Plan is a non-linked and non-participating individual life insurance savings plan. This plan not only offers a guaranteed lump sum benefit on maturity but also gives guaranteed income.

Key Features:

  • Guaranteed Income: The plan offers guaranteed income starting from 12% of the basic sum assured. The insured can choose income for 10 or 15 years.
  • Maturity Benefit: The plan comes out with maturity benefit at the end of the policy tenure.
  • Income Booster: The plan provides the benefit of increased income with income boosters of 5% to 10% on guaranteed income.

Eligibility

Entry age 

3 years to 65 years

Maturity age

18 years to 77 years

Policy term

12 to 15 years

Premium Payment Mode

Annual/ Half-yearly / Quarterly/ Monthly

**Last Updated on 05-11-2020

The values may change as per the chosen plan option

v) Tata AIA Life Insurance Smart Income Plus

Tata AIA Life Insurance Smart Income Plus is a non-participating and non-linked individual life insurance savings plan. The plan assists you to fulfil all your financial goals that include child education, marriage, etc.

Key Features:

  • Guaranteed Payouts: The plan offers guaranteed payouts starting from 120% to 160% of the annualized premium under regular income options. 
  • Life Cover: The plan provides a guaranteed life cover of 15/21/25 years. The same varies from the chosen policy tenure and premium payment term.
  • Benefit For Women: The plan offers high benefits to female customers.

Eligibility

Maximum entry age

50 years

Maturity age 

18 years to 75 years

Basic sum assured 

11 times Annualised Premium

**Last Updated on 05-11-2020

 vi) Tata AIA Life Insurance Money Back Plus

It is a non-linked participating plan that caters to different needs of customers with periodic payouts at key stages in life along with a life cover protection.

Key Features:

  • Payouts: The plan offers money back payouts of up to 130% of the sum assured (regularly) during the chosen policy tenure.
  • Life Insurance Cover: The plan comes out with a life insurance cover throughout the policy tenure regardless of paid survival payouts.
  • Bonus: The plan allows you to enhance your savings with the help of compounded reversionary bonus & terminal bonus.

Eligibility:

Entry age

0 years to 51 years

Maturity Age

18 years to 75 years

Premium payment term

8, 10 & 12 years

Sum assured

2 lakhs to no limit

**Last Updated on 05-11-2020

vii) TATA AIA MahaLife Gold

TATA AIA MahaLife Gold is a non-linked and participating whole life individual savings plan. The plan allows the customer to fulfil one’s aspirations.

Key Features:

  • Lifelong Coverage: By paying a premium for 6, 8 or 15 years, you will receive lifelong coverage of up to 85 or 100 years of age.
  • Regular Income: The plan provides a regular income for you and your family for a long period of tenure. Along with regular income, you may receive a lump sum amount on maturity.
  • Riders: The plan allows you to enhance the basic coverage with the help of optional riders.

Eligibility:

Entry age

30 days to 60 years

Sum assured

Rs.1 lakh to no limit

Payment mode

Annual / semi-annual / monthly

**Last Updated on 05-11-2020

viii) Tata AIA Life Insurance Fortune Guarantee

Tata AIA Life Insurance Fortune Guarantee is a non-linked and non-participating savings plan that offers financial protection to your family in case of any eventuality.

Key Features:

  • Lump-sum Amount: Tata AIA Life Insurance Fortune Guarantee provides a lump sum benefit at the time of maturity.
  • Enhance Cover: The plan allows customers to enhance the cover with the help of optional riders.
  • Tax Benefits: By investing in this savings plan, you will be liable to receive tax benefits under section 80C & 10(10D) of the Income Tax Act, 1961.

Eligibility:

Entry age

18 years to 80 years

Maturity age

80 years

Policy term

10 years to 40 years

Premium payment term

5 years to 10 years

**Last Updated on 05-11-2020

The values may change as per the chosen plan option

ix) Tata AIA Life Insurance Value Income Plan

Tata AIA Life Insurance Value Income Plan is an individual, non-linked and participating life insurance savings plan, which protects your dreams without hampering your needs through financial resources.

Key Features:

  • Flexibility: Policyholders can choose a plan option (Endowment or Endowment with extended life cover till Age 100) according to their requirements and needs.
  • Guaranteed Maturity Benefit: Under this policy, receive guaranteed maturity benefit and bonuses, if declared on maturity.

Eligibility:

Entry age

30 days to 65 years

Maturity age

18 years to 80 years

Policy term

10 years to 40 years

Premium payment term

5 years to 15 years

**Last Updated on 05-11-2020

The values may change as per the chosen plan option

x) Tata AIA Life Insurance POS Smart Income Plus

Tata AIA Life Insurance POS Smart Income Plus is a limited pay income plan that helps you to meet tomorrow's requirements along with protecting your loved ones.

Key Features:

  • Flexibility: The plan offers the flexibility to choose between Regular Income Benefit or Endowment Benefit options.
  • Guaranteed Payouts: This plan offers Guaranteed Payout of 120% of the one Annualised Premium under Regular Income Benefit Option.

Eligibility:

Entry age

3 years to 50 years

Maturity age

18 years to 65 years

Basic Sum Assured

11 times the Annualised Premium

Premium Payment Mode

Annual/ Half-yearly / Quarterly/ Monthly

**Last Updated on 05-11-2020

4. TATA AIA Retirement Solutions

Retirement Plans or pension plans are forms of life insurance plans, which are specifically designed to meet your post-retirement requirements like medical and living expenses. The plan ensures that you enjoy your golden years with financial independence. Below are the details of the plan.

i) Tata AIA Life Insurance Smart Annuity Plan

Tata AIA Life Insurance Smart Annuity Plan is a single premium non-linked and non-participating individual annuity plan. By investing in this plan, you can gain financial freedom for your second innings.

Key Features:

  • Flexible Annuity Options: The plan comes out with flexible annuity options to meet your future requirements. Such options are mentioned below-
  • Immediate Life Annuity 
  • Immediate Life Annuity with Return of Purchase Price
  • Deferred Life Annuity with Return of Purchase Price 
  • Top-up: The plan offers a top-up facility that allows customers to enhance the annuity payout.

Eligibility:

Entry age

45 years to 85 years

Annuity purchase price

Minimum:


  • Immediate Life Annuity 87,527/-
  • Immediate Life Annuity with Return of Purchase Price: 2,06,155/- 
  • Deferred Life Annuity with Return of Purchase 1,08,303/-

 Maximum: No-limit

Premium payment period

Single premium

**Last Updated on 05-11-2020

ii) TATA AIA Life Insurance Guaranteed Monthly Income Plan

The Tata AIA Life Guaranteed Monthly Income plan is a non-linked, non-participating individual life insurance plan that provides financial protection to your family and a monthly income that meets tomorrow's requirements.

Key Features:

  • Flexibility: The plan allows you to choose a policy term of 5/ 8/ 12 years (according to your needs and requirements).
  • Enhanced Protection: The plan allows you to invest in additional riders through which you can enhance the basic cover.

Entry age

(in years)

Minimum

  • For Policy Term 5 years: 13
  • For Policy Term 8 years: 10 
  • For Policy Term 12 years: 6 

Maximum

  • For Policy Term 5 years: 60 
  • For Policy Term 8 years: 60 
  • For Policy Term 12 years: 55

Maximum Maturity Age

(in years)

For Policy Term 5 years: 65

For Policy Term 8 years: 68

For Policy Term 12 years: 67

Premium payment mode

Annual/ Half Yearly/ Quarterly/ Monthly

**Last Updated on 05-11-2020

5. Tata AIA Group Insurance Plans

A group life insurance is a form of insurance policy that is issued to a group of people under a single sum assured. Let’s take a look at the Tata AIA group insurance plans.

i) Tata AIA Life Insurance Group Loan Protect

The plan provides comprehensive insurance cover to the borrowers of the institution/organization and clears the outstanding loan in case of life insured’s death, terminal illness, total permanent disability, and critical illness.

Key Features:

  • 9 Different Plan Options: The plan offers the flexibility to choose comprehensive coverage out of 9 different plan options.
  • Moratorium: In case of need, you can opt for a moratorium period of 3, 5 and 7 years (with or without interest payment).
  • Premium Payment Term: The plan comes out with two premium payment options - Single pay/ 5 years pay.

Eligibility:

Entry age

14 years to 65 years

Maturity age

16 years to 75 years

Sum assured

Minimum: Rs.10000


The maximum limit will be based on

characteristics of the

Group and shall be as

per Board Approved

Underwriting Policy

Group size

50 to no limit

**Last Updated on 05-11-2020

ii) Tata AIA Life Insurance Group Term Life

Tata AIA Life Insurance Group Term Life is a non-linked and non-participating yearly renewable group term insurance policy. It allows customers to plan for a secure future of their loved ones.

Key Features

  • Easy Enrolment: The plan comes out with a simple and easy enrolment process.
  • 24*7 Coverage: The plan offers coverage for 24-hours-a-day and 7-days-a-week (anywhere in the world).

Eligibility:

Entry age

14 years to 84 years

Maturity age

85 years

Policy term

1 year renewable

Sum assured

Rs.5000 to no limit ( subject to underwriting)

**Last Updated on 05-11-2020

iii) Tata AIA Life Insurance Group Employee Benefit Plan

Tata AIA Life Insurance Group Employee Benefit Plan is a unit-linked non-participating group life insurance plan. It is offered to employer-employee groups to manage employee gratuity and leave encashment benefit funds.

Key Features:

  • 5 Investment Funds: The plan offers the choice of 5 investment funds to deal with multiple needs of the customers.
  • Benefits at Different Levels: The plan pays benefits in case of retirement/ resignation/ termination/ other exit as per plan rules.
  • Tax Benefits: The plan provides tax benefits as per the prevailing tax laws.

Eligibility:

Entry Age

Minimum: 18 years

Maximum: As per scheme rules, subject to a maximum of 79 years

Group size 

10 and above

Maturity benefit

80 years

Sum assured

Rs.5000 per member

**Last Updated on 05-11-2020

iv) Tata AIA Life Insurance Smart Annuity Plan

Tata AIA Life Insurance Smart Annuity plan helps employer-employee and non-employee-employer groups to purchase annuities in respect of annuity payments for their members.

Key Features:

  • Flexible Annuity Options: The plan comes out with flexible annuity options to meet your future requirements. Such options are mentioned below-
  • Immediate Life Annuity 
  • Immediate Life Annuity with Return of Purchase Price
  • Deferred Life Annuity with Return of Purchase Price 
  • Top-up: The plan offers a top-up facility that allows customers to enhance the annuity payout.

Eligibility:

Entry age

45 years to 85 years

Annuity purchase price

Minimum:

  • Immediate Life Annuity 85,837/-
  • Immediate Life Annuity with Return of Purchase Price: 2,02,066/- 
  • Deferred Life Annuity with Return of Purchase 1,06,195/-

 Maximum: No-limit

Premium payment period

Single premium

**Last Updated on 05-11-2020

v) Tata AIA Life Insurance Group Sampoorna Raksha

Tata AIA Life Insurance Group Sampoorna Raksha is a comprehensive group insurance plan that financially protects you and your family against the unfortunate event of death, illness or permanent disability. This plan can be offered to both Employer-Employee and Non-Employer - Employee groups.

Key Features:

  • Flexibility: The plan allows the policyholder to choose benefit options along with Death Benefit:
  • Cancer, Critical Illness, Terminal Illness, Total Permanent Disability and Accidental Death Benefit.
  • Moratorium: In case of need, you can opt for a moratorium period of 1 month to 84 months (with or without interest payment).

Eligibility:

Entry age

14 years to 84 years

Maximum Maturity age

85 years

Policy term

1 year for Yearly Renewable option

Premium payment mode

Yearly Renewable/ Single / Annual / Half-yearly / Quarterly / Monthly

**Last Updated on 05-11-2020

The values may change as per the chosen plan option

What Are The Different Riders Under TATA AIA Life Insurance?

Life Insurance Riders allow the customer to enhance the basic policy cover by paying an additional nominal premium. Below is the list of all such riders for your perusal.

  • Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider
  • Tata AIA Life Insurance Waiver of Premium (Linked) Rider
  • Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider

1. Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider

This rider makes sure that your insurance benefits continue in case the proposer is unable to pay the premiums due to any unforeseen incident. Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider can be attached to any individual linked products by TATA AIA Life Insurance. The premiums that you pay under this rider are eligible for tax benefits under Section 80D of the Income Tax Act, 1961.

2. Tata AIA Life Insurance Waiver of Premium (Linked) Rider

It is a linked individual health insurance rider with rider coverage term equal to the Premium Paying Term (PPT) of the base plan. The rider will waive off all future premiums in case the insured is unable to pay the same due to total and permanent disability. This rider is available with Tata AIA Life Insurance Wealth Pro, Tata AIA Life Insurance Fortune Pro, Tata AIA Life Insurance Wealth Maxima & Tata AIA Life Insurance Fortune Maxima. You will be liable to receive tax benefits on investing in this rider.

3. Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider

It is an optional individual health insurance rider. The plan provides the required financial protection by paying an amount equal to the rider sum assured (to the nominee) in case of accidental death.

Claim Process

TATA AIA Life Insurance Company offers an easy and simple claim process to assist customers in the hour of need. You can file the claim through two different modes- Online claim process and offline claim process. Let's discuss both in detail.

Online Process

  • Visit the official website of the "TATA AIA Life Insurance".
  • Take your cursor to the tab "Claims".
  • Select "Claim Process".

Now, the claim process is divided into three steps, which are mentioned below-

Claim Intimation

  • Scroll down to the online claim intimation section.
  • Fill the form with basic details such as policy no., claim reason, name of policyholders, and address among others. 
  • Don't forget to upload documents before submitting the form.

Assessment

Once you submit the documents, the company will further examine and assess the same. They can ask for additional documents (if required).

Claim Decision & Payout

In case of approval, the company will communicate with you through a phone call, email or letter and the payment will be transferred to the registered account.

Offline Claim Process

To file a claim through the offline process, you have to visit the nearest branch of TATA AIA Life Insurance Company, ask the representative for the claim form and submit it with the required documents.

OR

You can directly write to the company at the given address:-

Tata AIA Life Insurance Company Limited

B- Wing, 9th Floor, I-Think Techno Campus, Behind TCS, Pokhran Road No.2,

Close to Eastern Express Highway, Thane(West) – 400 607

The company will reach out to you for further formalities.

FAQs

For all insurance policies which are active for 3 consecutive years, the death benefit is paid within 8 working days (once you submit all required documents). In case of any delay from the insurer side, the company will pay an interest of 6% p.a.

Riders/Add-ons are the additional benefits, which can be added to the basic policy by paying a marginal additional premium. They help to enhance the coverage of the policy.

In case of demise during the grace period, the policy is considered to have lapsed. If the policy gets lapsed on the demise date, there is no payout. For information, check with the company.

Yes, you can log on to TATA AIA’s website or PolicyX.com to pay the premium via debit/credit card or net banking.

Usually, a person buying life insurance coverage for over Rs. 5,00,000 has to undergo a medical examination. This amount may vary from company to company. And the insurance company bears the cost of medical examination.

Last updated on 05-11-2020