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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 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.
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.
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 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.
The claim settlement of Tata AIA Term Insurance for the year 2021-2022 is 99.01%.
There are two types of claims settlement processes offered by Tata AIA Term Insurance they are- Online and offline process.
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Read what our customers have to say about Tata AIA term insurance company
mohit khanna
Madurai
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...
anu
Delhi
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.
Vridhi Singh
Pune
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
Kanika Chaudhary
Delhi
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.
Ravi Dhingra
Lukhnow
September 16, 2021
Happy with the services of the company, Full satisfied. The customer care team helps its customers very patiently and nicely.
Kunal Sahni
Indore
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.
Vivek Kumar Sahni
Chennai
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...
Deepak Thakur
Other
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...
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