Tata AIA Term Plan Claim Settlement Ratio
  • CSR of the Company
  • Types of Claims
  • Claim Filing Process
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Tata AIA Term Plan Claim Settlement Ratio

Claim settlement ratio is the data that is calculated yearly and displayed on the company’s website. It is a percentage of claims that the insurer has paid out against the number of outstanding claims during a financial year. It's always best for the policyholder to check and compare ratios of different companies, before buying the policy to have a comprehensive understanding of the insurer's claims-paying ability. A company with a good claim settlement ratio also provides ways to minimize unwanted issues effectively during the claim process.

Tata AIA Term Insurance Claim Settlement

Tata AIA Life Insurance has hassle-free and transparent claim settlements to avoid any fatalities. It is one of the leading insurance providers in the Indian Insurance market and has a high claim settlement ratio of 99.01% in FY 2021-22. The company provides term insurance plans at affordable prices. Tata AIA Life allows the policyholder to file for a claim both online and offline.

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Types Of Tata AIA Term Insurance Claim Settlement Process

The company offers two types of claim-settling processes for its customers. The policyholders can get their claims settled online or offline at their own convenience. Let’s take a detailed look at both the claim-settling processes.

  • Online claims
  • Offline claims

Tata AIA Term Insurance Claim Settlement Process - Online

The claim request and documents are assessed by the claims team of Tata AIA Term Insurance, the claims can be requested online on the website by following these simple steps:

Step 1: Tata AIA Term Insurance has an online portal and the claim form is provided at the ‘Claims’ page of the website. Policyholders must fill in all information in the form and submit it. By filling out this form the person will inform the insurance company about the claim.

Step 2: On submitting the claim form, the company will ask for certain documents, which must be submitted online along with the form for claim examination.

Step 3: When the documents related to the claim are reviewed thoroughly, the company approves and makes the claim decision. As soon as the claim is accepted the claimant is notified about the claim payout.

Tata AIA Term Insurance Claim Settlement Process - Offline

Tata AIA Life term insurance claims can be proclaimed to the claims team at the nearest Tata AIA Life branch office. The policyholder can visit the branch office to file a claim and fill out the form with all the necessary information, AIA Life experts team will assist you at every step of the claim settlement process.

Tata AIA Term Insurance Claim Settlement Ratio: FAQs

1. What is the claim settlement ratio of Tata AIA Term Insurance for the financial year 2021-22?

The claim settlement of Tata AIA Term Insurance for the year 2021-2022 is 99.01%.

2. What are the types of claims settlement processes offered by Tata AIA Term Insurance?

There are two types of claims settlement processes offered by Tata AIA Term Insurance they are- Online and offline process.

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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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March 15, 2024

I need an instant tax receipt for my Tata Aia life insurance premium pay for section 80C. So, I decided to reach out to Policyx.com for the same.

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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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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.