Lic Term vs Tata Aia Term Insurance Term Insurance 2026 | PolicyX
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Lic Term

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Tata Aia Term Insurance

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

Annual Premiums Collected (2024-25)

₹ 848.92 crores

Annual Premiums Collected (2024-25)

₹ 483.60 crores
Payout Options

Payout Options

Lump sum, monthly, or a combination of both

Payout Options

Lump sum, monthly, or a combination of both
Claim ratio

Payout Options

98.15%%

Payout Options

99.45%%
Solvency Ratio

Solvency Ratio

2.11

Solvency Ratio

1.80
Pan India Presence

Pan India Presence

2048

Pan India Presence

500+
Riders Available

Riders Available

Accidental Death and Disability Benefit, Critical Illness, Premium Waiver Benefit

Riders Available

Waiver of Premium Rider, Accidental Death Rider, Accidental Disability Rider, Critical Illness Rider
Inception year

Inception year

1956

Inception year

2001
Complaint ratio per ₹1 crore of premium collected

Complaint ratio per ₹1 crore of premium collected

0.005

Complaint ratio per ₹1 crore of premium collected

0.017
Average claim settlement time

Average claim settlement time

7-15 working days

Average claim settlement time

Less than 30 days
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Types of LIC Term Insurance Plans

Every plan currently being sold by LIC Term Insurance, shown side-by-side so you can shortlist quickly.

LIC Tech Term Plan

The LIC Tech Term plan is an online, pure risk term insurance offering financial protection for families, with options for flexibl... Read More

Unique Features

  • Online Application
  • Rebate on High Sum Assured
  • Lower Premium for Women
Sum AssuredEntry age - 18 years
Entry AgeMax entry age - 65 years
View plan

Types of Tata AIA Term Insurance Plans

Every plan currently being sold by Tata AIA Term Insurance, shown side-by-side so you can shortlist quickly.

Tata AIA SRS Vitality Protect

The Tata AIA SRS Vitality Protect Plan is a comprehensive term insurance solution that combines life cover with a health rider, of... Read More

Unique Features

  • Whole Life Cover
  • Wellness Program
  • Cover Boosters
Sum AssuredMinimum Entry Age: 18 years
Entry AgeMaximum Entry Age: 65 years
View plan

TATA AIA Saral Jeevan Bima

The Tata AIA Saral Jeevan Bima Plan is an affordable and simple pure protection term insurance plan, designed with straightforward... Read More

Unique Features

  • A simple and easy plan
  • Affordable premiums
  • Choose your rider options
Sum AssuredEntry Age: 18 years
Entry AgeMax Entry Age: 65 years
View plan

TATA AIA Maha Raksha Supreme

The Tata AIA Maha Raksha Supreme is a term insurance plan that provides financial protection, including a Payout Accelerator Benef... Read More

Unique Features

  • Life Stage Plus Option
  • Payout Accelerator Benefit
  • Non-smoker & Female Discounts
Sum AssuredEntry Age - 18 years
Entry AgeMinimum Sum Assured - 50 Lakhs
View plan

Tata AIA Sampoorna Raksha Promise

Tata AIA Sampoorna Raksha Promise is a pure-term insurance plan offering financial protection and whole-life coverage up to 100 ye... Read More

Unique Features

  • 4 Plan Options
  • Joint Life Option
  • Instant Payout on Claim
Sum AssuredEntry Age: 18 years
Entry AgeMinimum Sum Assured: ₹25 Lakhs
View plan

Tata AIA Maha Raksha Supreme Select

Tata AIA Maha Raksha Supreme Select is a pure term insurance plan designed to provide comprehensive financial protection for famil... Read More

Unique Features

  • Flexible death benefit options
  • Whole life cover
  • Super Retirement Benefit (Life Secure Options)
Sum AssuredEntry Age - 18 years
Entry AgeMax Entry Age - 65 years
View plan

Term Insurance Articles

Quick Comparison with Other Insurers

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Expert Reviewed

Reviewed By: Naval Goel

Naval Goel has over a decade of expertise in the insurance sector, having worked with companies like AIG, New York. He is an Associate Member of the Indian Institute of Insurance, Pune, and is authorized by IRDAI to act as Principal Officer of PolicyX.com Insurance Web Aggregator.

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