TATA AIA Life Insurance Benefits

• Claim Settlement Ratio: TATA AIA Life Insurance achieved an impressive claim settlement ratio of 99.13% For FY 2023-24.
• Solvency Ratio: As of 31 March 2024, the Company maintained a solvency margin of 175% as against the regulatory requirement of 150% by IRDAI.
• Assets Under Management: TATA AIA has 1 Lakh Crore+ Assets Under Management, which shows the company’s financial strength and capability to manage risks.
• Express Claim Settlement: TATA AIA ensures swift claim settlements by processing claims in just 4 hours.
• Sum Assured in Force: The insurer has allocated Rs 4,00,000 Crore+ retail sum assured for the financial protection and security of policyholders.

• Wealth Creation: By investing in TATA AIA’s life insurance policies like ULIPs (Unit Linked Insurance Plans), you’ll be able to create a corpus for your retirement days. The premium paid works for you and grows your savings to offer financial security for the future.
• Low Premiums: You can get a TATA AIA Life’s Insurance policy at affordable premium rates with 1 crore life cover starting at just ₹547/month.
• Guaranteed Returns: Savings plans or retirement savings plans by TATA AIA offer guaranteed returns. The best part is that you can withdraw the amount as a lump sum or as a regular income on policy maturity as per your needs.
• Long-Term Coverage: TATA term insurance policies are designed to support you and your family in the long run, as these offer cover for up to 100 years of age.
• Tax Benefits: Get tax benefits u/s 80C and 10(10D) of the Income Tax Act 1961.

Ques 1. What is the claim settlement ratio of TATA AIA Life Insurance?

Ans. The claim settlement ratio or CSR of Bandhan Life Insurance is at 99.13% for FY 23-24, as per IRDAI.

Ques 2. I only want to pay premiums once. Is it possible?

Ans. Yes, TATA AIA offers different premium payment terms (PPT). So, you can opt for a single premium where you can pay the premium just once and enjoy life coverage without any further payments.

Ques 3. When can I buy a life insurance policy?

Ans. You can buy a life insurance policy any time after 18, but it's best to do it as early as possible. The younger and healthier you are, the lower your premium will be.

Ques 4. Can a TATA AIA life insurance policy be purchased online?

Ans. Yes! You can buy a TATA AIA life insurance policy online from InsuranceDekho. You can also connect with our insurance advisor at 7551196989 for personalised assistance.

Ques 5. What is a life insurance premium?

Ans. A life insurance premium is the amount of money paid by the policyholder on a single, monthly, quarterly, yearly, or half-yearly basis to keep their policy active.