TATA AIA Term Insurance
  • Life cover upto Age 100
  • Discount for women
  • Online medical consultation facility
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TATA AIA Term Insurance Plans June, 2023

TATA AIA Term Insurance offers an ideal solution to those who wish to secure the financial future of their family in their absence. With 3 different term plans, TATA AIA ensures to provide extensive coverage at an affordable price.

With several benefits and features, TATA AIA Term plans look after the financial needs of your loved ones after you. The company has PAN India presence and is always available to assist you with your queries.

Continue reading to explore more about TATA AIA Term Insurance.

TATA AIA Term Insurance Plans

Take a look at the below section to understand the different term plans offered by TATA AIA. For your understanding, we have mentioned TATA AIA term plans along with some of their unique features. Scroll below to read.

Provides comprehensive financial protection to the family of policyholders and offers the flexibility to customize the plan to best suit your needs.

Unique Features

  • Low premiums for women
  • Life cover up to 100 years
  • 24x7 online medical consultation

TATA AIA Insta Protect Solution

InstaProtect is a comprehensive solution that provides financial protection to your family by combining the life coverage with critical illness, hospitalization expenses, accidental death and more.

Unique Features

  • Quick issuance of policy
  • Return of Premium in maturity
  • Coverage for 40 critical illnesses

Tata AIA Life Insurance Saral Jeevan Bima

TATA AIA Saral Jeevan Bima is a simple and affordable insurance plan that protects your family financially. The plan allows you to enhance your protection with the help of optional riders.

Unique Features

  • Flexibility to choose policy term
  • Lower premium rate for females
  • Avail Tax Benefits

Tata AIA SRS Vitality Protect

An all-inclusive plan that comes with mental and physical wellness features, discount on premium, early rewards and high sum assured of 2 crores.

Unique Features

  • In-built Wellness Program
  • Cover Boosters
  • Free Health Check-ups

Tata AIA Maha Suraksha Supreme

A whole life cover plan that offers flexible premiums, covers terminal illnesses with 50% of the basic sum assured upon detection, and a life stage plus option.

Unique Features

  • 3D riders
  • CI and hospitalization cover
  • Premium discounts

Key Features of TATA AIA Term Insurance

  • Annual Premium: As per the IRDAI report 2021-22, TATA AIA Term Insurance recorded an annual premium of Rs. 14,445.03 Crores.
  • Solvency Ratio: The solvency ratio of the company helps an individual ascertain the company's ability to meet its long-term financial obligations. As per the IRDAI, it is mandatory for every life insurer to maintain a solvency ratio of 1.5. The Solvency Ratio of TATA AIA Term Insurance company for 2021-22 is 1.89.
  • Claim Settlement Ratio: Claim Settlement Ratio helps the policyholder to analyze the company's claim settling ability. As per the IRDAI Annual Report of 2021-22, TATA AIA Term Insurance holds a good and reliable claim settling process with a CSR of 98.53%.
TATA AIA Term Insurance Key Features

Why Tata AIA Life Insurance?

  • Wide range of products: Tata Term Insurance Company provides a wide variety of products to meet the needs of customers at various phases of life. This implies that you can select a policy to suit your own requirements, such as protecting your family and ensuring their financial security in the event of your passing.
  • High Claim Settlement Ratio: TATA AIA Term Plan has a high claim settlement ratio of 98.53 which indicates that their claim settling ability is very high and they do not hamper customers’ satisfaction and trust on them.
  • Strong financial track record: With a solvency ratio of 1.89, Tata Term Insurance Plan has a strong financial track record. This indicates their ability to meet long-term obligations to policyholders. The company has also been consistently recognized for its excellence in service and innovation.
  • Large network of branches and agents: Tata Term Insurance Company has a large network of branches and agents across India. This makes it easy for customers to access their services and get the support they need.
  • Hassle-free customer experience: Tata AIA Term Plan is committed to providing a seamless and hassle-free customer experience. They offer convenient online services and prompt claims settlement, ensuring that customers are always satisfied with their policies.

Benefits of TATA AIA Term Insurance

Everyone wants to make sure that their loved ones have a comfortable life and a secure future. Most of us thrive to provide joy, comfort, and security to our family members making sure they are never short of financial resources. Read more to understand the key benefits of buying Term Insurance.

  • Invest Early and Pay Low Premiums The golden rule for buying a term plan is to buy it as early as you can, because the earlier you buy a term plan, the less will be the premium. The term plans offered by TATA AIA let you invest as soon as you turn 18.
  • Availability of Riders: To enhance yours and your family's overall protection, TATA AIA term insurance plans allow you to add several riders to your basic term plan. These riders help you avail of additional coverage for your family members against the uncertainties of life.
  • Multiple Premium Payment Option: To make premium payment convenient for you, these plans let you choose your premium payment option. The options available are Limited Pay, Single Pay, and Regular Pay.
  • Flexible Payout Option: With TATA AIA Term Insurance plans, you have the flexibility to choose how your family will receive the sum assured. The pay-out can be in the form of a lump sum, a monthly or annual income, or a combination of lump sum and income as per the needs.
  • Special Rates for Females & Non-Smokers: TATA Term Insurance offers discounts on premiums for women policyholders. Not only this, but to encourage a healthy lifestyle, the company also offers special premium rates for non-smokers.
  • Affordable premiums: TATA AIA Term Insurance offers term plans at affordable premiums, making it accessible for everyone to get life insurance coverage without worrying about breaking the bank.
  • Comprehensive coverage: TATA AIA Term Insurance plans offer comprehensive coverage, including accidental death benefits and terminal illness coverage, ensuring that you and your family are financially protected in case of any unforeseen events.
  • Customizable plans: You can customize your TATA AIA term plans according to your unique needs and choose among premium payment options, desired sum assured and hand-picked riders.
  • Tax benefits: TATA AIA Term Insurance plans offer tax benefits under Section 80C of the Income Tax Act, 1961, allowing you to save money on taxes while securing your financial future.
  • Online availability: TATA AIA Term Insurance provides online services, such as buying policies, paying premiums, and checking the policy status, making it convenient for customers to manage their policies from the comfort of their homes.
  • Return of premium: If you are willing to pay higher premiums, you can choose a return of Tata term plan that will reimburse you for your premium if you live to the end of the policy period.

TATA AIA Term Plan Riders

  • Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider

    The rider offers additional coverage against unforeseen events like accidental death, accidental disability, critical illnesses including cancer and cardiac conditions, terminal illnesses, and more. Along with this, the rider also allows you to extend the rider coverage to protect your loved ones under the same plan.

  • Tata AIA Life Insurance Non-Linked Comprehensive Health Rider

    Under this rider, one can avail of additional coverage against different risks such as hospitalization, accidental disability and critical illnesses like cancer and cardiac arrests at minor and major stages, and more. Also, the rider offers coverage against major ailments as well as major and minor illnesses or injuries along with multiple claim payouts.

How to buy TATA AIA Term Plans?

The insurers sell two-term plans online and you can purchase them easily from their official website. The two plans are TATA AIA LIFE Insurance Sampoorna Raksha Supreme and a newly launched plan TATA AIA LIFE Insurance Insta protect solution.

We have provided a clear breakdown to help you navigate the buying process easily:

  • Visit the official website of TATA AIA.
  • Click on "Buy Term Plan" on the navigation panel.
  • Fill in your details required such as name, email address and number on the form provided.
  • Enter the OTP received on your registered mobile number and Email ID.
  • Enter details such as gender, smoker-non smoker, date of birth, annual income, education qualification, and profession, and click on "Continue".
  • Check policy and premium details.
  • Pay the premium online.

After making the payment, the company will send a soft copy of the policy to the registered email address of the customer.

How to Register a Claim Online?

All claim settlements are the topmost priority for any insurance provider. To claim a policy only these are the steps one needs to follow for a smooth process


Visit the official website of TATA AIA


Register your claim by uploading all the necessary documents for verification


Once all the documents are verified by the insurer, the claim will be processed and the claim amount will be disbursed.

TATA AIA has commenced two new initiatives to make the claim process smoother. Read below to know more about the same:

  • Easy claim doorstep service -Easy Claim Initiative provides convenient claim service at your doorstep. The Beneficiary can call our helpline to schedule an appointment.
  • Express claim 4-hour settlement-Express Claims service, a unique service initiative, the Beneficiary can submit the necessary documents with TATA AIA agent who will initiate the claim process and ensure that the claim amount is received within 4 hours.

How to Contact TATA AIA Life Insurance Company

B- Wing, 9th Floor, I-Think Techno Campus, Behind TCS, Pokhran Road No.2, Close to Eastern Express Highway, Thane(West) - 400 607



TATA AIA Term Plans: FAQs

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. The payment for the TATA AIA term life insurance plans (TATA AIG term life insurance) can be made through:

  • Online payment through Net banking /Credit Cards/Debit Cards/Paytm/Wallets etc.
  • At all Tata AIA Life Insurance Company Ltd. branches locations
  • Mobile apps - PAYTM, HDFC PAYZAPP, JIO MONEY & Amazon Pay
  • Payment through Bank site using 'Bill Pay'
  • Payment to company's banking partner - State Bank of India/ Axis Bank /IndusInd Bank
  • Payment at the Retail Outlets (Suvidhaa, Andhra Pradesh Online, Common Service Centres)
  • Online Standing Instruction through Credit Card, Visa Master, and American Express card.
  • Contacting the customer care number of the company

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

Yes. If you are a smoker, you have to pay a higher premium amount 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?

  • Photo identification proof
  • Current address proof
  • Cancelled cheque
  • Death certificate
  • Proof of legal title to the claim proceeds
  • Cause of death – related document

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 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. Do TATA AIA term plan offer maturity benefits?

No, 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 types of plans introduced by the company TATA AIA?

  • TATA AIA Sampoorna Raksha Supreme
  • TATA AIA Maha Raksha Supreme
  • Saral Jeevan Bima
  • TATA AIA Smart Sampoorna Raksha
  • TATA AIA Insta Protection Solution

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

The Claim Settlement Ratio of TATA AIA Term Insurance plan 98.53% .

11. What is the flexible payment mode of TATA AIA Term Insurance?

The mode of payments of TATA AIA Term Insurance plans are: yearly, half-yearly, quarterly, and monthly.

12. Documents required for claim settlement online in TATA AIA term insurance plan?

Documents required for online claim settlement are:

  • Claim Intimation
  • Submission of claim Documents
  • Claim Settlement decision and Payments.

13. What if we want to cancel the TATA AIA Term Insurance Plan?

The Policyholder must first fill the surrender form and then attach the relevant documents at the nearest branch. After going through the documents the company will transfer the amount in the policyholder's bank account. And the policy will be cancelled forever.

14. Can I purchase a TATA AIA term plan for my partner or child?

You may only purchase a TATA AIA term plan for yourself. If your spouse earns a salary, they can purchase it for themselves. You can always choose to have your spouse or child get the death benefit, though.

15. Do the Tata AIA Term plan's conditions differ for smokers and non-smokers?

The terms of the Tata AIA Term plan are not different for smokers and non-smokers. The only charges that differ are premium rates and sometimes non-smoker’s discounts.

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Tata AIA Term Insurance Reviews

Read what our customers have to say about Tata AIA term insurance company

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mohit khanna


February 24, 2022

I have a home loan, a 4 year daughter, old mother and wife. I am a salaried person and always worried about future saving for them. TATA gave me a good cheap plan that fulfills my wishes for fu...

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February 18, 2022

My husband passed away and I felt stuck but then when i contacted the company they helped me without giving me any issues.

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Vridhi Singh


October 5, 2021

It is a very good company. Not only it looks after the customers needs but also is always available whenever the customer has any queries

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Kanika Chaudhary


September 21, 2021

If you are looking to buy a Term Life insurance policy, go for Tata aia Insurance company. their customer support team is very supportive and very helpful.

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Ravi Dhingra


September 16, 2021

Happy with the services of the company, Full satisfied. The customer care team helps its customers very patiently and nicely.

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Kunal Sahni


June 28, 2021

TATA AIA offers a wide range of life insurance products. I have bought two life insurance plans from the company, and I am happy about my decision.

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Vivek Kumar Sahni


June 28, 2021

One of the best thing I have bought for my family. I have this assurance that in my absence my family s dreams would be fulfilled without any roadblocks. Thank you TATA AIA for supporting every...

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Deepak Thakur


November 5, 2015

I visited this portal after the advice of one of my friends. While comparing i got a bit confused regarding which plan to chose. Got a call from their custoemr support team who guided me throug...