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 93.55% 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.

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.