Reliance Term vs Tata Aia Term Insurance

  • Multiple policy tenure to choose from
  • Premiums starting @Rs 15/day
  • 30-day grace period
Happy Customers

Buy Policy in 2 mins

With expert guidance

Buy Policy in just 2 mins

2 lakh + Customers

Real-time Reviews

Easy and Efficient

Free Comparison

Easy Comparison

Customized Term Insurance Plan for you.

Get upto 10% Online Discount*

GENDER

Compare

Reliance Term vs Tata Aia Term Insurance

Reliance Term

Reliance Nippon Term Insurance is one of the largest non-banks-supported private life insurers with over 10 million policyholders and 713 branches.

Tata Aia Term Insurance

TATA Insurance Company is a joint venture between TATA Sons Pvt. Ltd and AIA Group Ltd. The company is amongst the top term insurance providers in the Indian subcontinent.

COMPANY DETAILS Edit Reliance Nippon Term Insurance Plans

Reliance Term

Edit TATA AIA Term Insurance

Tata Aia Term Insurance

Rating
Number of term insurance plans and add-ons
Annual Premiums Collected (2023-24)

Annual Premiums Collected (2023-24)

5536.9 Cr

Annual Premiums Collected (2023-24)

25691.82 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

98.74%

Payout Options

99.13%
Solvency Ratio

Solvency Ratio

1.6

Solvency Ratio

1.8
Pan India Presence

Pan India Presence

713+

Pan India Presence

500+
Riders Available

Riders Available

Major Surgical Benefit Rider, Critical Condition Rider, Family Income Benefit Rider, Accidental Disability Rider

Riders Available

Waiver of Premium Rider, Accidental Death Rider, Accidental Disability Rider, Critical Illness Rider
Policy Term

Policy Term

5 to 30 years

Policy Term

10 to 40 years

Know More About Companies

Overview

Reliance Term Insurance: Overview

Reliance Nippon, a joint venture between Reliance Capital and Nippon Life Insurance, offers a range of insurance products such as savings, investments, retirement, child, ULIPs, and term insurance plans. Their term insurance plans have been gaining popularity due to their attractive features such as affordable premiums, flexible policy terms, tax benefits, and more. Moreover, Reliance is a trusted brand name for the past several years.

What are some of the
Benefits
that set them apart?

  • Early return of premium

  • Income benefit

  • Increasing cover option

  • Life cover plus income plan

  • Affordable premiums

  • Special premiums for women and non-smokers

Riders

Riders You Can Avail With Reliance Life Term Insurance Plans

You can avail of the following riders with your Reliance term insurance plans as per your needs.

Name of the Riders Benefits
Reliance Life Major Surgical Benefit Rider Under this rider, the customers get coverage for the 33 different categories of surgeries, which include major surgeries such as open heart, kidney transplant, and lung transplant.
Reliance Life Critical Condition Rider Under this rider, the customer gets a lumpsum payout if diagnosed with any critical illness among the 25 listed diseases.
Reliance Life Family Income Benefit Rider This rider provides regular income to the policyholder until the rider's tenure if the policyholder is diagnosed with any critical illness or permanent disability that affects the policyholder's earning ability for more than 6 months.
Reliance Life Accidental Disability Rider Under this rider, all the future premiums of term plans will be waived off if the policyholder has any disability due to an accident and can't earn for more than six months.

Consult for Personalized Insurance Advice

Contact With Advisor

But how does it work?

Schedule a call with India’s number 1 trusted advisor with a 4.5+ rating on Google. We are not your average insurance agents. Our advisors are experts in their insurance knowledge and will give you the right information at the right time. The service is free of cost! Don’t worry, we won’t spam as we value your time.

Other Term Insurance Companies

Trouble connecting with an insurance company?

Contact PolicyX.comCall at our toll-free number 1800-4200-269Email: helpdesk@policyx.com

We are happy to help.

Tata AIA Term Insurance

Explore India’s best-selling Term insurance plans below

TATA Insurance Company is a joint venture between TATA Sons Pvt. Ltd and AIA Group Ltd. The company is amongst the top term insurance providers in the Indian subcontinent.

Tata AIA Insta Protect is a comprehensive plan protecting your family against death, disability, and disease under a single plan. The plan safeguards ...

Unique Features

  • All round protection
  • Loaded with features
  • Very high Sum Insured

TATA AIA Insta Protect (Pros)

TATA AIA Insta Protect
  • Covers Death Due to Accident
  • No Medical Tests
  • Accelerated Terminal Illness

TATA AIA Insta Protect (Cons)

TATA AIA Insta Protect
  • No Loans Allowed
  • No Maturity Benefit
  • No Suicide Cover in Terminal Illness

TATA AIA Insta Protect (Other Benefits)

TATA AIA Insta Protect
  • Return of Premiums (Optional)
  • Survival and Maturity Benefit
  • Health and Wellness Benefits

TATA AIA Insta Protect (Eligibility Criteria)

TATA AIA Insta Protect
  • Entry Age - 18 years
  • Max Entry Age - 45 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - LP/RP/SP

Tata AIA SRS Vitality is a rеmarkablе term insurance plan that sеamlеssly blеnds two еssеntial еlеmеnts - Tata AIA Life Insurance Sampoorna ...

Unique Features

  • Whole Life Cover
  • Wellness Program
  • Cover Boosters

Tata AIA SRS Vitality Protect (Pros)

Tata AIA SRS Vitality Protect
  • 10% Guaranteed Discount
  • Wellness Rewards Program
  • Guaranteed 1st Year Discount

Tata AIA SRS Vitality Protect (Cons)

Tata AIA SRS Vitality Protect
  • No Plan Conversion Option
  • No Maturity Benefit
  • Limited Premium Payment Terms

Tata AIA SRS Vitality Protect (Other Benefits)

Tata AIA SRS Vitality Protect
  • 75% SA Terminal Illness Coverage
  • Cover Boosters
  • Up To 30% Rider Premium Discount

Tata AIA SRS Vitality Protect (Eligibility Criteria)

Tata AIA SRS Vitality Protect
  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 50 L
  • Max Maturity Age 100Yrs
  • Premium Payment Term - (5-81 Yrs) LP/RP/SP

TATA AIA Saral Jeevan Bima is a pure protection plan. The plan is designed with simple terms and conditions, it is affordable and accessible to even t...

Unique Features

  • A simple and easy plan
  • Affordable premiums
  • Choose your rider options

TATA AIA Saral Jeevan Bima (Pros)

TATA AIA Saral Jeevan Bima
  • Available for Online Buying
  • Choose to pay Premium Once
  • Max Sum Assured 50L

TATA AIA Saral Jeevan Bima (Cons)

TATA AIA Saral Jeevan Bima
  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

TATA AIA Saral Jeevan Bima (Other Benefits)

TATA AIA Saral Jeevan Bima
  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

TATA AIA Saral Jeevan Bima (Eligibility Criteria)

TATA AIA Saral Jeevan Bima
  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

TATA AIA has introduced a term plan which covers you for terminal illnesses. You can avail of 50% of the basic sum assured in case you are diagnosed w...

Unique Features

  • Life Stage Plus Option
  • Payout Accelerator Benefit
  • Non-smoker & Female Discounts

TATA AIA Maha Raksha Supreme (Pros)

TATA AIA Maha Raksha Supreme
  • Additional Riders
  • High Cover Discount
  • Life Coverage with Terminal Illness Payout

TATA AIA Maha Raksha Supreme (Cons)

TATA AIA Maha Raksha Supreme
  • No Policy Loan is Available
  • No Plan Conversion Option
  • No Maturity Benefit

TATA AIA Maha Raksha Supreme (Other Benefits)

TATA AIA Maha Raksha Supreme
  • Payout Accelerator Benefit
  • 105% SA Death Benefit
  • Whole Life coverage (till age 100 years)

TATA AIA Maha Raksha Supreme (Eligibility Criteria)

TATA AIA Maha Raksha Supreme
  • Entry Age - 18 years
  • Minimum Sum Assured - 50 L
  • Max Maturity Age 100Yrs
  • Premium Payment Term - LP/RP/SP
  • Max Entry Age - 65 years(Adaptable)

Sampoorna Raksha Promise by Tata AIA Life Insurance is a pure-term insurance plan that offers financial protection to your loved ones in case of your ...

Unique Features

  • 4 Plan Options
  • Joint Life Option
  • Instant Payout on Claim

Tata AIA Sampoorna Raksha Promise (Pros)

Tata AIA Sampoorna Raksha Promise
  • Choice of Plan Options
  • Instant Payment on Claim Intimation
  • Whole Life Coverage Option

Tata AIA Sampoorna Raksha Promise (Cons)

Tata AIA Sampoorna Raksha Promise
  • No Policy Loan is Available
  • No Plan Conversion Option
  • No Maturity Benefit

Tata AIA Sampoorna Raksha Promise (Other Benefits)

Tata AIA Sampoorna Raksha Promise
  • Special Discount for Females
  • Add-on Riders to Choose
  • Choice of Death Benefit Payout

Tata AIA Sampoorna Raksha Promise (Eligibility Criteria)

Tata AIA Sampoorna Raksha Promise
  • Entry Age - 18 years
  • Minimum Sum Assured - 25 L
  • Max Maturity Age - 100 Yrs
  • Premium Payment Term - LP/RP/SP
  • Max Entry Age - 65 years (Adaptable)
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.