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Why should I choose Tata AIA Life Insurance?
Tata AIA Life Insurance has constantly been one of the leading insurance providers of India. Tata AIA Life Insurance offers a wide range of products such as Term Insurance plans, Wealth plans, Savings plans, Retirement plans and Investment Solutions along with riders. Tata AIA Life Insurance has a claim settlement ratio of 96.06% for the year 2019-20. Tata AIA Life also has a robust customer care which is available to its customers for excellent assistance.
What are the benefits of renewal of my life insurance plan with Tata AIA Life Insurance?
Tata AIA Life Insurance has multiple options available for renewal premium payment. The process of renewal is hassle-free and quick.
What are the tax benefits offered with Tata AIA Life Insurance?
Tata AIA Life Term Insurance plans provide tax benefits according to the current income tax laws. The policies provide benefits under section 80C and 10D of the Income Tax Act.
Can I return my policy immediately after I purchase it?
You can return the policy stating the reasons why you disagree with terms and conditions of the policy within the free look period as per regulations of IRDA. For Life Insurance policies, the free-look period starts 15 days from the date of receiving policy documents.
Can I add riders in my life insurance policy?
Yes, you add riders to your insurance policy at the time of purchase or you can add the riders at the anniversary date of issuance of your life insurance by submitting a duly signed request to the insurance provider.
Who will receive the claim payout/claim benefit?
The nominee/beneficiary/legal heir is entitled to receive the claim payout/benefit as mentioned in the policy by policyholder.
How will I receive the claim payout?
Tata AIA Life offers claims payout to the claimant through NEFT(National Electronic Fund Transfer) or by Cheque.
How can I file a claim for my Tata AIA Life Insurance policy?
The claimant can choose to file the claim online on Tata AIA Life website or by visiting any Tata AIA Life Insurance branch office to file for a claim.
What is the claim settlement ratio of Tata AIA Life insurance?
Tata AIA Life has featured a high claim settlement ratio of 99.06% in the FY 2019-20.
How long does Tata AIA Life Insurance take to settle a claim?
Tata AIA Life Insurance takes 30 days to settle a claim after receiving the claim intimation and documents. If in any case the claim requires investigation it takes 90 days for Tata AIA Life Insurance to settle a claim after receiving the intimation and documents.
What is the toll-free customer care number of Tata AIA Life Insurance?
The toll-free customer care number of Tata AIA Life Insurance is 1-860-266-9966.
Does Tata AIA Life Insurance cover death due to COVID-19?
Yes, Tata AIA Life Insurance covers death caused by COVID-19.
What are the online modes of payment offered by Tata AIA Life Insurance?
Tata AIA Life Insurance provides the facility of online payment of premiums through Net Banking, Debit/Credit cards, Bill Desk and NEFT.
Which type of insurance policy should I choose?
You should choose the policy that best suits your needs depending on your insurance objectives, your income, your existing policies (if any), your assets, liabilities, your expenses.
How many term insurance plans does Tata AIA Life Insurance offer?
Tata AIA Life Insurance offers six term insurance plans, namely Tata AIA Life Insurance Sampoorna Raksha, Tata AIA Life Insurance Sampoorna Raksha+, Tata AIA Life Insurance iRaksha TROP, Tata AIA Life Insurance Maha Raksha Supreme, Tata AIA Life Insurance Sampoorna Raksha Supreme, Tata AIA Life Insurance Saral Jeevan Bima.
What are ‘Riders’?
Riders are additional insurance benefits that can be purchased with an extra cost and can be added to the policy to enhance the life coverage provided with the life insurance policy.
What are the additional riders offered by Tata AIA Life Insurance?
Tata AIA Life Insurance offers traditional riders as well as ULIP riders. The traditional riders include Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider, Tata AIA Life Insurance Non Linked Comprehensive Protection rider, Tata AIA Life Insurance Non Linked Comprehensive Health Rider, and Tata AIA Life Insurance Accidental Death & Dismemberment (Long Scale) (ADDL) Rider. The ULIP riders include Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider, Tata AIA Life Insurance Waiver of Premium (Linked) Rider, Tata AIA Life Insurance Linked Comprehensive Protection Rider, Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider, and Tata AIA Life Insurance Linked Comprehensive Health Rider.
What is ‘Accidental Death and Dismemberment Rider’?
Accidental Death and Dismemberment rider is an optional additional rider that can be purchased at an extra cost that provides financial support at the time of unforeseen death of the policyholder caused by an accident or provides financial support in case of critical dismemberment.
What is ‘Waiver of Premium Plus Rider’?
Waiver of Premium Plus (WOPP) Rider by TATA AIA Life Insurance is an optional premium paying rider that ensures continuous insurance benefits, even in case of non-payment of premiums under the base plan, due to total and permanent disability, or death of the policyholder.
If I add riders to my life insurance policy will it affect my premium?
Yes, by adding riders your life insurance premiums will increase.
What are the different premium payment options offered by Tata AIA Life Insurance?
Tata AIA Life Insurance has various convenient renewal premium payments. The policyholder can choose to pay premium Online through Net Banking, E-wallets or Credit/Debit Cards. The payment can be made through Cash/Cheque at any Tata AIA Life Insurance branch office.
Is it important to declare personal habits like consumption of tobacco/alcohol before purchasing a life insurance policy?
Yes, it is important to declare personal habits like consumption of tobacco/alcohol because consumption of either of them is not suitable for health and involves high-risk. Hence, the premium amount differs for people who consume tobacco/alcohol and for those who don’t.
How is your age significant in the Tata AIA Life Insurance premium calculation?
If you are young and you want to buy a Tata AIA Life Insurance Policy, the premium that you would have to pay is low.
What are the different factors that affect the premium of an insurance plan?
The age of the policyholder, gender, lifestyle, job, medical history, type of policy, tenure of the policy, sum assured, and riders purchased (if any) are some of the key factors based on which the premium for TATA AIA Life Insurance plans is determined.
Is the Tata AIA Life Insurance premium calculator safe to use?
Yes, the Tata AIA Life Insurance Premium Calculator is completely safe to use. Take note that the data entered is safe from online scams and frauds. At InsuranceDekho, we provide safe calculation of premiums.
Latest News on TATA AIA Life Insurance
- Tata AIA Term Insurance login can be easily done by both new and existing policyholders. However, new users may first have to register themselves on the official website of Tata AIA Term Insurance.
- Use the Tata AIA Life Insurance Child Expense Calculator to estimate all of the expenditures associated with providing children with the lifestyle and excellent education they deserve. Find out more on TATA AIA child plan calculator.
- One of the better ways to organize your life investment cover is to use a Money Back guarantee. You will not only receive money at regular intervals during the policy term, a sum assured at the policy's conclusion, and bonus amounts as specified by the in
- A typical insurance policy usually pays out the sum assured if the insured dies within the policy term. The payout, sometimes known as a death benefit, was previously only available to the insured person's nominees or claimants. The insurance company is
- A money back policy is a type of life insurance that pays out cash at predetermined intervals. This money back is computed as a percentage of the policyholder's chosen sum assured. A money return policy gives you the extra advantage of insurance as well a
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Life Insurance News
Tata AIA Term Insurance login can be easily done by both new...13 April 2023
Use the Tata AIA Life Insurance Child Expense Calculator to ...28 December 2022
One of the better ways to organize your life investment cove...26 October 2021
A typical insurance policy usually pays out the sum assured ...14 October 2021
A money back policy is a type of life insurance that pays ou...11 October 2021
TATA AIA Life Insurance User Reviews
Claim Process at TATA AIA Life Insurance
Claim IntimationIn the event of the death of the life assured, the insurance company should be intimated as early as possible.
Submission of DocumentsFor easy claim settlement, claim form, original policy document, death certificate and others documents should be submitted on time.
Claim EvaluationAfter successful submission of documents, the insurance company will thoroughly evaluate the claim filed.
Claim SettlementIf claim request is approved, claim is settled within 30 days. In case of additional investigation, claim process may take 120 days.