With a plethora of life insurance companies available, choosing the ideal one for you can be a tough choice. Thus, to be sure of your decision, it is advisable to check the company’s performance beforehand to avoid any stress at the time of claim settlement.
We at PolicyX.com have analyzed TATA Life Insurance on certain parameters such as claim settlement ratio, solvency ratio etc.Â
Catering to the insurance needs of every individual, TATA AIA offers several life insurance plans. In the table given below, we've provided a list of all the plan variants available under TATA AIA Life Insurance Company. Let's take a look.
Term 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:
| Plan Name | Entry Age | Maximum Maturity Age | Minimum Sum Assured |
| Sampoorna Raksha Supreme | 18-65 years | 100 years | Rs. 1,00,000 |
| Saral Jeevan Bima | 18-65 years | 70 years | Rs. 5,000,000 |
| InstaProtect Solution | 18-45 years | 75 years | Rs. 25,00,000 |
| Maha Raksha Supreme | 18-60 years | For Non-Whole Life: 85 years For Whole Life: 100 years | Rs. 5,000,000 |
Know More About: Tata AIA Term Plan
ULIP plans offer the right balance between investment & wealth accumulation to secure your family and fulfill your future goals. TATA AIA Life Insurance offers a wide range of ULIP Plans which are mentioned below.
| Plan Name | Issue Age | Maximum Maturity Age | Policy Term |
| Wealth Pro | 30 days-59 years | 75 years | 15-40 years |
| Fortune Maxima | 30 days-60 years | 100 years | 100 minus the issue age |
| Fortune Pro | 30 days-59 years | 75 years | 15-40 years |
| Wealth Maxima | 30 days-60 years | 100 years | 100 minus the issue age |
| Smart Sampoorna Raksha | 18-60 years | 100 years | 30 and 40 years |
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.
| Plan Name | Entry Age | Maximum Maturity Age | Sum Assured |
| Diamond Savings Plan | 0-60 years | NA | 11 times the Annualized Premium |
| Gold Income Plan | 3-65 years | 77 years | Annualized Premium x Basic Sum Assured Multiple |
| Smart Income Plus | 0-50 years | 68 years | 11 times the Annualized Premium |
| Money Back Plus | 30 days-51 years | 75 years | Rs. 2,00,000 (in multiples of 1000) |
| Fortune Guarantee | 30 days-70 years | 80 years | 10 times Annualized Premium |
| Fortune Guarantee Plus | 1-60 years | 77 years | Rs. 50,000Â |
| MahaLife Gold | 30 days-60 years | 85 years OR 100 years | Rs. 1,00,000 |
| Guaranteed Monthly Income Plan | 6-60 years | 68 years* | 11 times the Annualized Premium |
| Smart Value Income Plan | 30 days-65 years | 100 years | Death Benet Multiple of 10 times Single Premium Death Benet Multiple based on entry age |
| Value Income Plan | 30 days-58 years | 80 years | NA |
| POS Smart Income Plus | 3-50 years | 65 years | 11 times the Annualized Premium |
| Guaranteed Return Life Insurance Plan | 0-65 years | 85 years | Death benefit multiple x Annualized premium |
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.Â
| Plan Name | Entry Age | Maximum Maturity Age | Sum Assured |
| Guaranteed Monthly Income Plan | 6-60 years | 68 years | 11 times the Annualized Premium |
| Smart Annuity Plan | 45-85 years | NA | NA |
| Fortune Guarantee Pension Plan | 30-85 years | NA | NA |
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 the medical examination.
You can pay your premiums in a variety of ways, including annually, semi-annually, quarterly, and monthly.
You can check the status of your policy by visiting the Tata AIA Life official website and logging in with your registered ID and password. The details of your insurance will be revealed once you've logged in.
Yes, you may cancel the insurance within the free look time, which is usually 15 days after you purchase it. After deducting some nominal amount, the money paid by you will be returned.
Do not worry if you've misplaced your original policy paper. Go to the nearest Tata AIA branch and fill out a 'Lost Policy Declaration Form.' Duplicate policy papers will be sent upon the submission and verification of the information provided in the form.
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May 1, 2023
I seek help from PolicyX when it comes to purchasing any kind of insurance because they provide me with the best quotes and options for insurance
December 14, 2022
PolicyX has a smooth service from booking policy to verification. Employees are very patient and have good knowledge and help you throughout the process. Had great experience dealing with them
December 9, 2022
I had many confusions regarding the term policies . But Policyx has handled it well, m happy that they are my wayfarer in this journey.
July 11, 2022
Good company. Presents nice term insurance plans and flexible plans also. My husband has brought one for the family.
July 11, 2022
IndiaFirst Term Insurance company ensures that your family s needs are looked after. One of the best companies offers a term plan per your needs.
July 6, 2022
I recently received the claim amount of the policy that my husband had brought for us. I am glad that the company understands the needs of its customers and their families. Well done Canara HSB...
July 6, 2022
I bought a term plan with Canara HSBC for the protection of my family and have been satisfied with the benefits received. It is simple and easy to buy their plans.
July 6, 2022
I am very happy with the term plans offered by the Canara HSBC Life Insurance company. The plans offer comprehensive coverage and I am sure will support my family after my demise.
