Tata Aia Surrender Value
  • Surrender value in Tata Aia
  • Steps to surrender
  • Factor affecting
Buy Policy in just 2 mins

Buy Policy in just 2 mins

Happy Customers

2 lakh + Happy Customers

Free Comparison

Free Comparison

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*



Surrendering Tata Aia life insurance policy

Regarding coverage policies, it's essential to recognize all the factors, including the surrender value. Tata AIA is an outstanding participant in the coverage enterprise, providing various plans tailor-made to meet numerous monetary needs. One essential factor of any insurance coverage, which includes Tata AIA policies, is the give-up price. In this text, we can delve into the idea of Tata AIA surrender price, explaining what it is, how it is calculated, and the factors affecting it.

Tata AIA Surrender Value

The give-up fee of insurance coverage refers to the quantity a policyholder is entitled to get hold of if they decide to terminate the policy earlier than its adulthood date. In the context of Tata AIA guidelines, the surrender fee denotes the sum payable to the policyholder if they select to surrender their policy prematurely. It's important to note that surrendering a policy frequently results in economic implications, and information about the give-up cost is vital for making knowledgeable decisions.

Tata AIA Surrender Value Calculation

Tata AIA calculates the surrender price based on numerous elements: the coverage period, the top rate paid, and the kind of policy. Generally, the surrender price is a percentage of the rates paid, adjusted for bonuses and applicable charges. Policies that have finished a certain number of years regularly have a higher surrender fee than new regulations. It's really helpful for policyholders to consult the coverage files or Tata AIA's customer support to get details about the give-up value calculation approach specific to their policy.

Factors Affecting Tata AIA Surrender Value

  • Policy Duration

    The longer the coverage is active, the higher the surrender price, as more rates are paid and the policy has collected bonuses.
  • Premium Amount

    Policies with higher premiums regularly have a better give-up cost. The total quantity paid without delay affects the give-up cost.
  • Type of Policy

    Different policies have varying give-up price chances. Some policies offer a guaranteed surrender price, whilst others depend on market situations and bonuses.
  • Bonuses

    Bonuses declared by Tata AIA, which include reversionary bonuses and terminal bonuses, notably affect the give-up price. These bonuses are collected over the coverage term and decorate the give-up value.
  • Charges and Deductions

    Surrender expenses and other deductions levied through Tata AIA reduce the last give-up fee. It's important to be aware of those expenses before deciding to give up the policy.

Documents Required

To surrender your Tata Aia life insurance policy, you require the following:

  • Original policy documents.
  • A canceled cheque with the name of the policyholder on it.
  • The bank passbook copy or statement has the pre-printed name and account number.
  • ID Proof- PAN card, Aadhaar Card, Passport, Driving License, Voters ID)
  • Duly filled policy surrender form
  • Latest contact details
  • NRE bank statement reflecting any premiums paid from the NRE account.

Steps to surrender Tata Aia life insurance policy

The life insurance coverage should be kept in force for the entire policy term.

However, a policyholder may do the following to end his Tata AIA Life Insurance:

  • Visit the official website of Tata Aia.
  • Click "Branch Locator" on the home page's "More" tab.
  • Various branch offices will be listed on the screen along with their addresses as the policyholder searches for a branch location close by.
  • The policyholder must pick a branch office and go there whenever it suits them.
  • After going to the branch office, they can approach the customer service representative at the counter and request assistance with the surrendering process.
  • A policyholder can easily contact the company in several other ways to surrender their policy. Here are a few examples:

Charges to surrender Tata Aia life insurance:

As you decide to surrender Tata Aia's life insurance policy, you also have to know about the charges of surrendering. Tata Aia life insurance mentions in a policy document that your policy term is less than ten years. Then, you have to pay the premiums for two years, and if you have the policy for more than ten years, you have to pay the premiums for a minimum of three years. Now, coming to the charges, the premium allocation charges, fund management charges, and documents charges would be deducted from your total sum. And a rest assured amount will be credited to your account.

Contact details of Tata Aia life insurance:

WhatsApp: 7045669966

Call: 1-860-266-9966 (Mon-Sat | 10 AM – 7 PM IST); 022-6251 9966 (Outside India)

Mail: customercare@tataaia.com

Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 400013.


Understanding the surrender value of your Tata AIA coverage is important for making properly knowledgeable financial selections. Before surrendering a policy, policyholders have to carefully compare the give-up cost and remember to consult with financial advisors to discover opportunity options. Policyholders can make strategic picks that align with their economic desires and aspirations by being aware of the factors influencing give-up prices.

Surrendering Tata Aia Life Insurance Policy: FAQ's

1. What happens if I surrender the Tata AIA policy?

The exit fees are zero if you return a ULIP plan after the lock-in period. The discontinuation charges, however, will be subtracted from your surrender value and paid after the five-year lock-in period if you give it up before that time.

2. How is surrender value paid?

The policy remains in effect but with a lower sum assured if premium payments are stopped after a specific time. The paid-up value is the name given to this sum assured. The surrender value will increase directly to the number of premiums paid. A percentage of the paid-up value plus the bonus makes up the surrender value factor.

3. How much money will I get if I surrender my policy?

Guaranteed Surrender Value equals 30% times the total amount of premiums paid. The same does not apply to the first-year premiums or any additional premiums, premiums for accident benefits, or premiums for term riders. The policy plan and the year of surrender may affect the percentage paid.

4. What is the surrender percentage fee?

The surrender charges charged by the insurance companies that provide annuity and insurance contracts differ. In the first year, an annuity is in effect, a typical surrender fee might be 10% of the money invested in the contract. The surrender fee could decrease by 1% for each additional contract year.

Life Insurance Companies

Compare and buy the most suitable Life Insurance Plan from the below-mentioned IRDAI-approved Life Insurance companies.

Life Insurance Articles

Life Insurance FAQs

Life Insurance FAQsSeptember, 2021

What Our Customers Have to Say

Customer Review Image



May 20, 2024

SUD Life term plan truly stands out my expectations as I got SUD Life term plan along with additional riders at very affordable premiums.

Customer Review Image



May 20, 2024

I am impresses with the hassle free and quick claim settlement process of SUD Life. Thanks to PolicyX who guided me to get my claim settled.

Customer Review Image



May 20, 2024

Bought SUD Life Family Income Benefit Rider plan to secure the future of my plan financially even in my absence.

Customer Review Image



May 20, 2024

I was looking for a term plan to secure the future of my family. So I contacted PolicyX and one of their representatives Mr. Vaibhav helped me choose SUD Life term plan.

Customer Review Image

Armaan khan


May 17, 2024

I recently purchased a Pramerica term insurance policy from Policyx.com. The customer service team was very helpful in answering all my queries and guiding me through the application process. I...

Customer Review Image

Rahul Yadav


May 17, 2024

PolicyX’s dedicated support made renewing my Bandhan Life Insurance policy easy. I’m absolutely delighted with the service offered by PolicyX Insurance Advisor.

Customer Review Image

Priyanshu Sharma


May 17, 2024

I bought a Bandhan Life Insurance through PolicyX, and I must say the level of communication and assistance I have received has been truly impressive.

Customer Review Image

Yash Tomar


May 17, 2024

After getting advice from the PolicyX experts, I chose a Bandhan Life Insurance term plan. Thank you, PolicyX, for helping me buy a term plan at such a low premium.

Varun Saxena

Written By: Varun Saxena

Varun is a passionate content writer with over three years of experience in the insurance domain. An avid learner, he stays ahead of the industry's trends ensuring his writing remains fresh and includes the latest insurance shifts. Through his work, Varun strives to engage with targeted insurance readers.