Tata AIA Term Insurance
  • Life cover upto Age 100
  • Discount for women
  • Online medical consultation facility
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TATA AIA Term Insurance: Overview

TATA AIA is one of the best insurance providers in the insurance industry. It is a collaboration between TATA Sons and AIA Group. As per The Hindu Business Line, TATA AIA had a market share of 27% in the life insurance business in 2022-23. TATA AIA Term Insurance offers financial coverage to your loved ones in case of your unforeseen demise. 

What are some of the
Benefits
that set them apart?

  • 99.01% claim-settlement ratio,

  • Up to Rs 4 crore sum assured,

  • 1 lakh crore assets under management,

  • Flexible premium payment options,

  • Wide network of branches,

  • Affordable premiums,

  • High sum assured option,

  • Additional riders to choose from.

  1. Solvency Ratio
    1.8
  2. Claim Settlement Ratio
    97.90%
  3. Annual Premium
    37,457.99 crores
  4. Branches
    500+

Tata AIA Term Insurance Plans

Tata AIA Term Insurance offers you multiple term insurance plans based on the features, benefits, and eligibility criteria. Here are some of the term plans offered by Tata AIA Term Insurance.

Plan Entry Age Tenure Min. Sum Assured Unique Features
TATA AIA Insta Protect Plan Minimum Age - 18 years Maximum Age - 45 years Annual, half-yearly, quarterly & monthly Rs 25/50/70 lakhs
  • Policy issuance without medical tests
  • Express policy issuance
  • Multiple premium payment options.
Tata AIA SRS Vitality Protect Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Rs 25 lakhs
  • Choice of plan options
  • Enhanced protection through riders
  • Term Booster
TATA AIA Saral Jeevan Bima Plan Minimum Age - 18 years Maximum Age - 65 years Annual, half-yearly, quarterly & monthly Rs 5 lakhs
  • Flexible premium payment options
  • Lower premiums for a healthy lifestyle
  • Simple and easy-to-understand plan
TATA AIA Maha Raksha Supreme Plan Minimum Age - 18 years Maximum Age - 70 years Annual, half-yearly, quarterly & monthly Rs 50 lakhs
  • Inbuilt accelerator payout benefit
  • Life stage plus option
  • Whole life coverage.

Overview of Tata AIA Term Insurance Plans

Here is a quick overview of the Tata AIA Term Insurance Plans listed in the above table.

TATA AIA Insta Protect Plan

TATA AIA Instaprotect Solution offers financial coverage to your loved ones at affordable premiums. You can get this policy without undergoing medical tests.

Here are the key features of the above plan
  • Affordable premiums,
  • Express policy issuance,
  • Pay premiums in easy monthly installments,
  • Get your premium amount back,

Explore other Tata AIA Term Insurance

Tata AIA Term Insurance offers one of the best term insurance plans to cater to the unique needs of every customer. You can buy their term plans with high life cover at pocket-friendly costs. Get a 5% discount for online purchases and 100% claim assistance with Tata AIA Term Insurance plans. Below is the list of term plans offered by Tata AIA.

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)

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Tata AIA Term Insurance Plans

Tata AIA Term Insurance Plans

Riders You Can Avail With TATA AIA Term Insurance Plans

Name of the rider Benefits
TATA AIA Waiver of Premium Rider It will waive off all future premiums and the benefits of the policy will remain the same in case of disability, dismemberment, or diagnosis of critical illness.
TATA AIA Accidental Death Rider Offers financial help to your dependents in addition to base policy benefits in case of the policyholder’s death due to the accident.
TATA AIA Accidental Disability Rider This rider offers financial benefits in case the policyholder becomes partially or totally disabled due to an accident.
TATA AIA Critical Illness Rider In case the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure then rider benefits are paid to them.

Benefits of Tata AIA Term Insurance

Tata AIA Term Insurance is one of the most trustworthy and reliable insurer partners you can choose from. Here are the reasons why you should choose Tata AIA Term Insurance Plans:

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Additional Benefits Offered By TATA AIA Term Plans

TATA AIA Term Insurance Plans offer various additional benefits to the policyholders. Here are some of the additional benefits offered by TATA AIA term plans:

Joint-life coverage

TATA AIA term plans such as TATA AIA Sampoorna Raksha Supreme offers you the joint-life coverage option. You can cover your spouse under the same plan without paying additional premiums.

Policy issuance without medicals

TATA AIA Instaprotect Solution is issued to the policyholders without the requirement of medical tests. This policy is issued instantly to the policyholders.

Special premium rates for females

Some TATA AIA term plans such as TATA AIA Saral Jeevan Bima offer special premium rates for females.

Special milestone discounts

Some TATA AIA term plans such as TATA AIA Sampoorna Raksha Promise offer special milestone discounts such as marriage, childbirth, etc to the policyholders.

Return of premiums paid

TATA AIA term plans such as TATA AIA Instaprotect Solution return all the premiums paid at the end of the policy tenure.

Types of TATA AIA Term Plans

There are various TATA AIA term plans based on their features, policy tenure, benefits, etc. You can choose the one that best suits your requirements.

Basic Term Plan

Plan Name: TATA AIA Saral Jeevan Bima

These plans only provide a sum assured to the nominee in case of the death of the policyholder. No survival benefits are included.

Term Plan with Return of Premium

Plan Name: TATA AIA Instaprotect Solution

These plans give the premium amount back to the policyholders only if they survive the policy term.

Term Insurance with Monthly Income

Plan Name: TATA AIA Sampoorna Raksha Supreme

These plans offer monthly income to the policyholder’s dependents in case of the policyholder’s demise.

Term Insurance with Critical Illness

Plan Name: TATA AIA Maha Raksha Supreme

These plans offer inbuilt coverage against critical illnesses.

Term Insurance with Accidental Disability & Death Cover

Plan Name: TATA AIA Maha Raksha Supreme

These plans offer inbuilt coverage against accident disability and death cover.

Documents Required to Buy TATA AIA Term Insurance Policy

Here are the documents required to buy a TATA AIA Term Insurance Plan:

Photo ID Proof

Photo ID Proof (either of one) - Passport, Aadhar card, PAN card, Driving license.

How to Buy a Tata AIA Term Insurance Plan?

You can buy the Tata AIA Term Insurance policy from Policyx.com or the Tata AIA Term Insurance website.

Life Insurance
  • Step 1

    Fill out the form at the top of this page with the necessary details.

  • Step 2

    Select your income and city. Click on 'Proceed'.

  • Step 3

    Update your education and occupation details.

  • Step 4

    Choose your preferred plan and click on 'Buy this plan'.

  • Step 5

    Select the policy term, premium period, and riders (if required), and then proceed to pay.

Life Insurance
  • Step 1

    Visit the official website of TATA AIA.

  • Step 2

    Click on ‘Buy Term Plans’ from the top menu.

  • Step 3

    Fill in your necessary details such as name, gender, email, and mobile number.

  • Step 4

    Enter the OTP sent on your mobile number.

  • Step 5

    Provide additional details such as policy tenure, premium payment tenure, sum assured, etc.

  • Step 6

    Make the payment displayed on the payment page. 

Why Choose PolicyX.com?

Don't just take our word for it - check out what our happy customers say about us!

All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.

Ravindra Singh

I highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.

Priti varshney

I'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.

Nisha Mary

I bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.

Ajay Shah

PolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.

Vijay Rathod

I purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.

Uma Mahajan

How to File a TATA AIA Term Insurance Plan Claim

The claim settlement process for TATA AIA Term Plans is simple and hassle-free. The insurance provider gives you the option of settling a claim both online and offline. We have explained the process by which you can easily submit & settle your claim below:

Online Process

Your Occupation
1

Claim Reporting

Report your TATA AIA term plan claim by visiting the customer support (Claim with ease) section of the TATA AIA website.

Your Occupation
2

Claim Review

TATA AIA’s customer support staff will review your claim form and will assist you at every step. Their staff will next evaluate your claim and notify you if any papers are still pending.

Your Occupation
3

Claim Approval and Settlement

Your claim will be resolved once you have informed the insurance of your claim and the insurer has received all of the necessary documents.

Offline Process

The TATA AIA term plans claim can be reported by visiting the local TATA AIA branch office. For the details of TATA AIA Insurance branches, you can visit their website and locate the nearest branch. You have to submit the essential documents at the branch so that your claim can be processed.

Your Occupation
Life Insurance

More Queries?

If you have any more queries regarding Tata AIA Term Insurance Plans, Renewals, or Claim Procedures, contact our insurance experts at:
1800-4200-269 now!

FAQs: TATA AIA Term Insurance

1. What are the premium payment options available for TATA AIA Term Plans (TATA AIG term plans)?

The company provides customers with a variety of convenient options to make premium payments such as Net banking /Credit Cards/Debit Cards/Paytm/Wallets etc.

2. Does being a smoker affect my TATA AIA term insurance premium amount?

Yes. If you are a smoker, you have to pay a higher premium than a non-smoker.

3. Can the premium amount change after some time?

No, one can’t change a term plan’s specifications after buying it. However, if required, one can opt for a plan that has an increasing or decreasing sum assured.

4. What are the documents required to file a death claim?

Various documents are required to file a death claim such as photo identification proof, current address proof, canceled cheque, death certificate, proof of legal title to the claim proceeds, and cause of death–related documents.

5. Is it possible to change the beneficiary of the TATA AIA term plan?

Yes, you can change the beneficiary of the TATA AIA term plan during the tenure of the policy.

6. Can I cancel the TATA AIA term plan after it has been issued?

TATA AIA term plan offers a 30 days free look period to cancel your policy and the premium paid will be refunded.

7. What happens if I don’t pay my premiums on time?

Tata AIA term insurance offers a grace period of 30 days in which you can pay your premium. If the premium is not paid during the grace period, your insurance policy will lapse, and you will have two years to revive it.

8. Does the TATA AIA term plan offer maturity benefits?

No, the TATA AIA term plan does not offer maturity benefits. You can choose the Term Insurance with Return of Premium (TROP) Plan in which you can get back the premiums paid on term insurance.

9. What are the term plans introduced by the company TATA AIA?

Various term plans introduced by TATA AIA include TATA AIA Sampoorna Raksha Promise, TATA AIA Instaprotect Solution, TATA AIA Maha Raksha Supreme Select, TATA AIA Saral Jeevan Bima, and TATA AIA Bharat Suraksha Cover Micro Insurance Plan.

10. What is the Claim Settlement ratio of the TATA AIA Term Insurance Plan?

The Claim Settlement Ratio of the TATA AIA Term Insurance plan is 99.01%.

Other Term Insurance Companies

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Himanshu Kumar

Written By: Naval Goel

Naval Goel is the Founder and CEO of PolicyX.com (IRDA- Approved Insurance Comparison Website). He is a CFA charter holder (USA) and FRM (GARP). He holds an MBA from IIFT, Delhi, and is also an Associate from the Insurance Institute of India. Naval is an avid investor and entrepreneur who has a deep understanding of the Indian equity market and insurance sector. He has been investing for more than 10 years now and is a CFA charter holder.