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Tata AIA Life Term Insurance FAQs

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Highlights
Claim Settlement Ratio98.02%
Customer Care10:00 AM to 7:00 PM
Death Benefit Paid For2,954 Policies
Inception2000
Presence216 branches
Total Death Benefit Paid222.47 Crore

Term Life Insurance Premium Calculator

Gender

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Choose required coverage to secure your family’s future

50L
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Disclaimer :
1. Premium has been calculated for coverage till 60 years
2. Eligibility depends on income, occupation and educational qualification

Tata AIA Life Term Insurance Plan List

    Name of PlanSum Assured
    Sampoorna Raksha Supreme Plan20 lac - 10 cr Get Quotes Now

    Benefit

    • What is the free-look period offered for Tata AIA term insurance plans?

      A free-look period of 30 days is offered by Tata AIA Life Insurance under which the policyholder can choose to return or cancel the policy after stating the valid reasons.

    • What is the grace period offered for Tata AIA term insurance plans?

      Tata AIA Life Insurance offers a grace period of 15 days for monthly premium payments and 30 days for quarterly, half yearly and yearly premium payments.

    • Does Tata AIA Life Insurance offer a revival period for term insurance plans?

      Yes, Tata AIA Life Insurance offers a grace period of 5 year in case you are unable to pay due premium within the grace period. You can revive the policy within 5 years from the date of first unpaid premium.

    • Is suicide covered under Tata AIA term insurance plans?

      No, Tata AIA term insurance plans do not cover death due to suicide.

    • What is the toll-free number of Tata AIA Life Insurance Company?

      1-860-266-9966 is the toll-free customer care contact number of Tata AIA Life Insurance Company.

    Claim Settement

    • Does Tata AIA term insurance plans cover death due to COVID-19?

      Yes, Tata AIA term insurance plans cover death caused by COVID-19

    • 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 starts15 days from the date of receiving policy documents.

    • How will the claimant receive the claim payout?

      Tata AIA Life offers claims payout to the claimant through NEFT(National Electronic Fund Transfer) or by Cheque.

    • How long does Tata AIA Life Insurance take to settle a claim?

      It takes 30 days for the insurance company to settle the claim after the claim has been intimated and the necessary documents are received. At times when investigation is involved then it takes 90 days to settle the claim.

    • Can I check my claim status ?

      Yes, the claimant can check the claim status online at the Tata AIA Life website.

    Over View

    • Why should I choose Tata AIA term insurance plans?

      Tata AIA follows a customer centric approach, they provide a hassle free purchasing experience. The insurance company offers affordable term insurance plan that provide financial protection to your family in your absence.

    • 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.

    • What is a Term Insurance Plan?

      A life insurance plan that provides financial protection and stability to the policyholder’s family in case of unforeseen events. Term plans provide higher cover at an affordable premium rate.

    • Can I add riders in my term insurance policy?

      Yes, you add riders to your term 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.

    • What are the different death benefit payout offered by Tata AIA Life Insurance?

      Different death benefit payout options available for Tata AIA term insurance plans are lump sum, instalments(upto 120 months) or part lump sum part instalments.

    Plans

    • What are the documents required to purchase Tata AIA term insurance plans?

      Documents required to purchase Tata AIA term insurance plans are as following:

      • Proof of Address (Electricity Bill, Telephone Bill, Ration Card etc.)
      • Photo ID proof (Adhaar Card, Pan Card, Passport, Driver’s License etc.)
      • Proof of Income (Salary slips, Income tax returns, Employer certificate, Bank statement)

    • What are the different premium payment frequencies offered for Tata AIA term insurance plans?

      You can choose to pay premium annually, half-yearly, quarterly or on a monthly basis for Tata AIA term insurance plans.

    • What are the plan options available under Tata AIA Sampoorna Raksha Supreme plan?

      Sampoorna Raksha Supreme plans has 4 plan options namely Life, Life Plus, Life Income and Credit Protect options.

    • What is the maximum maturity age for Tata AIA term insurance plans?

      Maximum maturity age for Tata AIA term insurance plans is 85 years.

    • What are the riders available under Tata AIA Sampoorna Raksha plan?

      Riders offered with Tata AIA Sampoorna Raksha plan are namely Tata AIA Life Insurance Accidental Death and Dismemberment(Long Scale), Tata AIA Life Insurance Comprehensive Protection and Tata AIA Life Insurance Comprehensive Health rider.

    Premium Calculator

    • How is your age significant in the Tata AIA Term Insurance premium calculation?

      If you are young and you want to purchase a Tata AIA term insurance plan, the premium that you would have to pay is low.

    • Do personal habits like smoking increase the premiums?

      Yes, personal habits like smoking can increase the premium because smoking can affect the health of an individual. It increases the risk involved.

    • How is Tata AIA term insurance premium calculator beneficial?

      Tata AIA Term Insurance premium calculators are easy to use and can help a potential buyer to estimate the amount of premiums before actually purchasing the term insurance policy.

    • If I add riders to my life insurance policy will it affect my premium?

      Yes, by adding riders your life insurance premiums will increase because riders are purchased at an extra cost to provide additional benefits with the life insurance policy.

    • What are the different factors that affect the premium of an insurance plan?

      Policyholder’s age, sum assured, gender, lifestyle ,job , medical history, type of policy and tenure of the policy and Riders(if any) are some of the factors that determine the premium of Reliance Life Insurance Plans.

    Tata AIA Term Insurance User Reviews

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    Tata AIA Life Term Insurance Contact Details

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    Claim Process at Tata AIA Life Term Insurance

    • 1

      Claim Intimation

      In the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
    • 2

      Submission of Documents

      Claim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
    • 3

      Claim Evaluation

      Once the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
    • 4

      Claim Settlement

      If claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.