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Tata AIA Life Insurance

TATA AIA Life Insurance company with a claim settlement ratio of 96.01% is one of the most reputed insurance companies which offers a diverse range of insurance products ranging from protection plans, to wealth solution plans to savings plans.
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Plan Benefits

Payment Options

Policy Coverage

Customer Service

Tata AIA Life Insurance Company (Tata AIA Life) is a joint venture company formed by Tata Sons and the AIA Group (AIA). With sales offices in all major cities and towns across India, Tata AIA Life brings together Tata's unrivalled leadership position in India and AIA's presence as the largest, independent listed pan-Asia life insurance group in the world.

The company offers a wide range of insurance products to individuals, associations and businesses of all sizes and is one of the major private sector insurers in India offering life, health and group insurance products to its customers.


Key Highlights of Tata Aia Life Insurance

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Claim-settlement ratio for Tata Aia Life Insurance

Claim Settlement Ratio

Claim-settlement ratio of 96.01% for year 2016-2017

Occupation eligibility for Tata Aia Life Insurance

Grievances Resolved

100.00% Grievances Settled for year 2016-2017


To be eligible for Tata Aia Life Insurance

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Minimum age for Tata Aia Life Insurance

You should be at least 18 years old

Maximum age for Tata Aia Life Insurance

You should be less than 70 years old

Occupation eligibility for Tata Aia Life Insurance

You should be either Salaried, Self- employed, a professional or have your own business


Tata Aia Life Insurance at a Glance

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Maximum tenure of Tata Aia Life Insurance

A maximum tenure of 40 years

Maximum sum assured for Tata Aia Life Insurance

Min Sum Assured: Rs 5 lakh
Max Sum Assured: No limit subject to underwriting

Exclusions for Tata Aia Life Insurance

Specific exclusions: Suicide within the first 12 months


Documentation needed to apply for an Tata Aia Life Insurance

  • 1. Identity Proof
  • 2. Age Proof
  • 3. Income Proof
  • 4. Address Proof
  • 5. PAN Number

Why Should You Choose a Tata AIA Life Insurance Policy?

Tata AIA Life Insurance Plans provide comprehensive coverage for all eventualities through their wide range of products and services.

The riders and additional benefits provided ensure complete protection for everyone from children to individuals in the prime of their lives.

Tata AIA Life Insurance plans are customer-friendly and ensure that the policyholder receives maximum benefits.

Their user-friendly interface and ease of form filling makes it convenient for all individuals to seek information regarding a product or to purchase a life insurance policy from the company.

Different Types of Tata AIA Life Insurance Plans:

Tata AIA Life Insurance Protection Plans:

  • Tata AIA Life Insurance Maha Raksha Supreme: It is a pure term non-linked, non-participating insurance plan. This plan has a Payout Accelerator Benefit option that advances 50% of basic sum assured in case of terminal illness diagnosis.
  • Tata AIA Life Insurance iRaksha Supreme: It is an online pure term insurance plan that will provide life insurance at a very affordable cost. It can be purchased online with no hassles.
  • Tata AIA Life Insurance iRaksha TROP: It is an online term insurance plan that guarantees return of premium. It has three premium payment options: Regular Pay, Limited Pay, Single Pay.
Plan Type Basic Sum Assured Tenure
Tata AIA Life Insurance Maha Raksha Supreme Rs.50,00,000 10-40 years
Tata AIA Life Insurance iRaksha Supreme Rs.50,00,000 10-40 years
Tata AIA Life Insurance iRaksha TROP Rs.50,00,000 10-35 years

Tata AIA Life Insurance Savings Plans:

  • Tata AIA Life Insurance Smart Growth Plus: It is a profit endowment assurance plan that adds to your investment growth through accumulation of bonuses and guaranteed benefits. Guaranteed additions of 5.5% p.a. of Basic Sum assured.
  • Tata AIA Life Insurance MahaLife Gold Plus: It is a limited premium paying, non-linked, participating insurance plan with coverage up to the age of 85 by paying premium only for 15 years.
  • Tata AIA Life Insurane MahaLife Magic: It is a non-linked participating endowment plan with bonuses to boost one’s maturity amount. The premiums will be paid for just 9 years in this plan.
  • Tata AIA Life Insurance Money Maxima: It is an endowment assurance plan with regular premium payment. This plan provides flexible policy terms to achieve time bound goals.
  • Smart Income Plus: It is a non-linked endowment assurance plan that provides a limited pay income to policyholders to meet future expenses as well as assuring good returns.
  • Monthly Insurance Plan: It is an insurance plan that offers a limited period monthly savings component, allowing policyholders to build their wealth. It also offers Guaranteed Yearly Additions as well as Bonuses, in addition to tax benefits and life cover.
  • Fortune Guarantee: It is a non-linked, non-participating limited premium paying endowment plan that guarantees a Maturity Benefit with a short premium payment term.
  • Insta Wealth Plan: It is a non-linked, non-participating endowment plan that provides compound bonus and yearly guaranteed additions, as well as no medical or financial underwriting.
  • Money Back Plus: It is a non-linked participating money back plan that makes periodic pay-outs
  • Smart 7: It is a non-linked participating endowment assurance plan that provides an additional bonus along with a compounding annual bonus throughout the 12 year term.
  • MahaLife Supreme: It is a non-linked, non-participating endowment plan that provides a guaranteed annual income for up to 20 years as well as enhanced protection through riders.
Plan Type Basic Sum Assured Tenure
Tata AIA Life Insurance Smart Income Plus 11 times annualised premium 15, 20 & 25 years
Tata AIA Life Insurance Monthly Insurance Plan Rs.1,14,482 15 and 20 years
Tata AIA Life Insurance Secure 7 Rs.2,50,000 14 years
Tata AIA Life Insurance MahaLife Supreme 10 times annualised premium 30 and 35 years
Tata AIA Life Insurance Fortune Guarantee Rs.5,00,000 10 years
Tata AIA Life Insurance Insta Wealth Plan Rs.1,00,000 10-20 years
Tata AIA Life Insurance Money Back Plus Rs.2,00,000 16,18 & 24 years
Tata AIA Life Insurance Smart 7 Rs.2,00,000 12 years
Tata AIA Life Insurance Smart Growth Plus Rs.1,50,000 10-30 years
Tata AIA Life Insurance MahaLife Gold Plus Rs.2,00,000 85 years minus entry age
Tata AIA Life Insurance MahaLife Gold Rs.1,00,000 85 years minus entry age
Tata AIA Life Insurance MahaLife Magic Rs.2,00,000 18 years
Tata AIA Life Insurance Money Maxima Rs.1,00,000 12-30 years

Tata AIA Wealth Solutions:

Tata AIA Life Insurance Wealth Solutions cater to customers with high risk appetite who want market linked returns along with a life insurance cover.

  • Tata AIA Life Insurance Fortune Maxima: It is a unit linked policy that offers loyalty additions for regular and limited pay.
  • Tata AIA Life Insurance Fortune Pro: It is a unit linked endowment assurance plan that ensure that your child’s financial needs and dreams are fulfilled.
  • Tata AIA Life Insurance Wealth Maxima: It is a unit linked whole life insurance plan that earns you humungous benefits by allowing you to invest in markets.
  • Tata AIA Life Insurance Wealth Pro: It is a unit linked endowment insurance plan that lets you earn benefits while providing security to your family simultaneously.
  • InvestOne: It is a unit-linked insurance plan that offers investors with a guaranteed maturity addition and loyalty additions. Investors can also benefit from both insurance and market-linked returns.
Plan Type Basic Sum Assured Tenure
Tata AIA Life Insurance InvestOne 1.25 times single premium 15-30 years
Tata AIA Life Insurance Fortune Maxima 1.25 times single premium/10 times annual premium/0.5 times the policy term annual premium 100 years minus age of issue
Tata AIA Life Insurance Fortune Pro 1.25 times single premium/ 10 times annual premium/0.5 times the policy term annual premium 15-40 years
Tata AIA Life Insurance Wealth Maxima 1.25 times single premium/10 times annual premium/0.5 times the policy term annual premium 100 years minus the age of issue
Tata AIA Life Insurance Wealth Pro 1.25 times single premium/10 times annual premium/0.5 times policy term annual premium 15-40 years

Tata AIA Group Insurance:

Tata AIA Group Insurance plan helps the employer award their employee by offering them insurance plans to protect their family and savings.

  • Tata AIA Life Insurance Group Total Suraksha: It is an insurance plan with Reducing Sum Assured or Level Sum Assured options.
  • Tata AIA Life Insurance Group Term Life: It is a non-linked, annually renewable group term plan. This plan helps to save for your future while ensuring the safety of your family at the same time.
  • Immediate Annuity: it is a group insurance plan through which employees can choose an annuity payment mode after authorising the purchase price in a single amount.

Tata AIA Child Solutions:

  • Good Kid: it is a non-linked, participating endowment plan with a waiver of premium benefit and money back benefits throughout the policy term.
  • Super Achiever: it is a non-participating unit-linked endowment plan which provides for the child even in the event of the parents’ untimely demise. Also comes with the option to augment the investment through top-ups.
Plan Type Basic Sum Assured Tenure
Tata AIA Life Insurance Good Kid Rs.2,50,000 12-25 years
Tata AIA Life Insurance Super Achiever 10 times annual premium 10-20 years

Tata AIA Micro Insurance Plan:

  • Saat Saath: it is a non-linked, non-participating endowment plan guaranteeing pre-decided returns upon maturity as well as an additional 3 years of life cover on payment of premium.
Plan Type Basic Sum Assured Tenure
Tata AIA Life Insurance Saat Saath Rs.10,000 10 years

Tata AIA Retirement Solutions:

  • Insurance Freedom: it is a non-linked participating endowment plan that offers 10% of the annualized premium annually as well as optional riders to further enhance coverage.
Plan Type Basic Sum Assured Tenure
Tata AIA Life Insurance Insurance Freedom Rs.2,00,000 10-35 years

How to Claim Insurance With Tata AIA:

Claiming insurance through Tata AIA is a quick and simple process. Policyholders and their dependents can choose to claim insurance either online or offline, depending on their convenience. Tata AIA has easy-to-follow guidelines that are user friendly, making the claims process a hassle-free one for the claimant.

Given below are the online and offline insurance claims processes.

Online Insurance Claims Process:

Individuals who wish to file an online claim can visit the website of the Tata AIA Life Insurance Company and click on the ‘Claims’ tab at the top of the screen.

The individual will then have to choose ‘Online Claim Intimation’, whereupon an online form will appear onscreen.

The nature of the claim being filed will have to be selected from among the options provided (death, critical illness, hospitalization/surgery, death of payor).

The individual will have to fill in the following details:

  • Name of the life assured.
  • Policy number.
  • Name of the policyholder.
  • Date of event.
  • Causes of the events.
  • Name of the person intimating the claim.
  • Email address of the person intimating the claim.
  • Mobile number of the person intimating the claim.
  • Address of the person intimating the claim.
  • State and pincode.

If there are any documents to be presented, the same can be uploaded.

On completing the form, click on the ‘Submit’ button at the end of the form.

Once the documents are received and reviewed, the Claims Team will notify the claimant if any additional documentation/information is required.

On reviewing the additional documents, if any, the Claims Team will notify the claimant and send out the payment through NEFT.

Offline Insurance Claims Process:

Individuals who wish to file an insurance claim offline can do so by calling on the Tata AIA helpline number or visiting a branch of the Tata AIA Life Insurance Company.

Alternatively, individuals can also write to the company and notify them regarding the claim.

Individuals can also file a claim through their insurance agent.

Individuals visiting a branch to file a claim will have to fill in a claims form, mentioning details such as:

  • Name of the life assured.
  • Policy number.
  • Name of the policyholder.
  • Date of event.
  • Causes of the events.
  • Name of the person intimating the claim.
  • Mobile number of the person intimating the claim.
  • Address of the person intimating the claim.
  • State and pincode.

Once the documents have been processed and verified by the Claims Team, the individual will be notified if there are any additional documents that are required.

The Claims Team will notify the claimant regarding the status and the payment will be released through NEFT.

Tata AIA Life Insurance Claim Settlement Ratio:

The claim settlement ratio for the past two financial years is given in the below table:

Year 2013-14 2014-15 2015-16 2016-17
Claim Settlement Ratio (%) 89.68 94.47 96.80 96.01
Total Premium (in crores) 2,323.7 2,121.79 2478.96 3171.08

Documents Required for Tata AIA Life Insurance:

Individuals who wish to purchase a Tata AIA Life Insurance policy are required to submit a set of documents at the time of application. The list of documents are mentioned below:

  • Passport size photograph.
  • Proof of identity: Any one of the below mentioned documents are to be submitted towards proof of identity.
    • Passport.
    • PAN card.
    • Voter’s identity card.
    • Driving licence.
    • Job card issued by NREGA, signed by a State Government officer.
    • Aadhaar card.
  • Proof of residence: Any one of the below mentioned documents are to be submitted towards proof of residence.
    • Bank account or post office account statement.
    • Property tax or municipal tax receipt.
    • Utility bills (electricity, gas, telephone) not more than 2 months old.
    • Letter of allotment or accommodation from State or Central Government, financial institutions or listed companies.
    • Rent agreement.

Tata AIA Life Insurance Checking Policy Status:

Tata AIA has made provision for the checking of policy status online as well as offline. Tata AIA policyholders can choose to check their policy status using a variety of means, as given below:

Checking Policy Status Online:

Policyholders can check the status of their policy online by visiting the Tata AIA website and logging in to the customer portal.

On signing in, the policyholder will be able to check the status and details of the current policy.

Checking Policy Status Offline:

Policyholders can check the status of their policies offline by visiting a Tata AIA Insurance branch office and enquiring as to the current status.

Policyholders can also contact a Tata AIA insurance agent and check the status of their policy.

Tata AIA Life Insurance Online Payment:

To make it convenient for policyholders to make premium payments on time without the hassle of visiting a branch or depositing a cheque, Tata AIA have introduced online payment for premiums.

Policyholders will be able to make premium payments wherever they are at the click of a button.

Policyholders who wish to make premium renewal payments online will have to visit the Tata AIA Life Insurance website and go to the ‘Customer Service’ tab at the bottom of the homepage.

In the new window that opens, click on the ‘Premium Payment’ tab from among the options provided.

Select the ‘Online Payment’ tab to pay the premium amount in a quick, easy and hassle-free way.

Tata AIA Life Insurance Premium Calculator:

To enable its policyholders and customers to calculate the premium amount and the amount that will be paid out upon maturity.

This enables individuals to choose an insurance policy depending on the amount they would have to pay towards premium payments as well as the amount they would receive as maturity benefit, survival benefit etc. depending on the type of policy.

The Tata AIA Premium Calculator requires the individual to fill in the following details, based on which the premium amount would be calculated:

  • Name.
  • Email address.
  • Date of birth.
  • Mobile number.
  • Occupation.
  • Annual income.
  • Policy term.
  • Policy type.

On inputting the above variables, the premium calculator will display the approximate premium to be paid as well as the amount the individual will receive upon maturity.

Tata AIA Life Insurance Customer Care:

Tata AIA Life Insurance has been one of the leading insurance provider in India for a consistently long period. They have been offering some of the most popular insurance solutions to a diverse customer base and specialize in offering a hassle-free and convenient experience. To further add to their services, the insurer has a robust customer support system wherein customers can not only get in touch with the customer support staff but also carry out policy related requests using the options on the website itself. The customer service team can be reached on the dedicated helpline number, via email, and also via SMS. On the website, the customers can access the online chat service to get answers to get quick answers to their queries. Besides this, there are a number of self-service options available on the website for carrying out various requests such as updating Aadhaar details, placing a request for the unclaimed amount, make premium payment, get assistance related to policy servicing, find out about cashless hospitalization, find out about tax benefits available on policies, register their grievances or feedback, among other things.

Tata AIA Life Insurance FAQ’s:

  1. Who is eligible to take a life insurance?

    A. Any person who has completed 18 years of age and is meeting the conditions specified under the Indian Contract Act, 1872, can take a life insurance policy for self or spouse or for his dependents.

  2. Why is insurance a better option than other savings plan?

    A. Life insurance pays sum assured and bonus even if the policyholder dies before the end of the premium payment term. It offers greater security than other savings plan.

  3. What are the different life insurance policies offered by Tata AIA?

    A. You get policies under protection plans, wealth solutions, savings solutions, child solutions, rider, group insurance and micro-insurance. Visit Tata AIG website to know more about the policies under each plans.

  4. What are the different modes of payment offered by Tata AIA?

    A. Most policies allow you to pay premium through annual, semi-annual, quarterly and monthly modes.

  5. What are the premium payment option offered to make the payments?

    A. You can make the premium payments through cheque, cash, ECS or online payment.

  6. What happens if I don’t pay my premium?

    A. You will get a 30 days grace period from the date of the missed premium payment date. If you missed making the payment within the grace period, then you will have 2 years from the date of lapse to revive your life insurance policy.

  7. Can I cancel my policy if I’m unhappy with the plan?

    A. Yes, you have the choice to cancel the policy during the free look period which generally is 15 days from taking the policy. The amount paid will be fully refunded after deducting some nominal charges.

  8. When is the right time for me to buy a life insurance?

    A. It is advisable for you to buy a life insurance plan when you are young and healthy. This makes the rate of purchasing the policy lower when compared to buying it at an older age.

  9. How much coverage will I need?

    A. You must ensure that there is sufficient amount to take care of your dependents in the event of your death or disablement. It is best to buy an insurance coverage that is 7 – 10 times your annual income.

  10. What are the factors that I must consider while taking a life insurance policy?

    A. You must read the benefits that is being offered to you. Check the term and premium and be clear about your requirements. Look for a policy that has proper coverage. It is best to consult with your financial advisor before finalizing on the policy.

  11. How do I change the nomination details in my Tata AIA insurance policy?

    A. To change the nomination in a Tata AIA insurance policy, the policyholder has to give notice in writing in the prescribed form to the insurer.

  12. How do I cancel my Tata AIA insurance policy?

    A. You can cancel your insurance policy by communicating the same to the company. If cancelled within the 15 day free look period, you will not be charged and your premium amount will be refunded.

  13. How do I apply for duplicate policy documents?

    A. If you have misplaced the original policy document, contact the nearest Tata AIA branch, where you will have to fill out a ‘Lost Policy Declaration Form’. On submission and verification of the details mentioned in the form, duplicate policy documents will be issued.

News About Tata Aia Life Insurance

  • Tata AIA Life Launches mInsurance - Mobile Insurance

    With everything going mobile, it is about time that insurance policies also become available online. Tata AIA Life Insurance has made that thought a reality with the launch of their new mobile insurance product called mInsurance. This unique mobile insurance facility will allow customers to purchase term insurance cover simply with a recharge using a ‘special tariff voucher'. Tata AIA Life has only launched a pilot plan of the mInsurance in association with Tata Teleservices Limited in the states of Telangana and Andhra Pradesh.

    The mInsurance paperless cover is available to all Indian citizens who are aged between 18 to 80 years. there are no medical tests required to purchase this paperless cover. Customers who purchase from a select range of Tata DoCoMo mobile recharge coupons (Special Tariff Voucher or STV) will be auto-enrolled in this paperless life cover plan. This plan is available under 2 sum assured options of Rs 50,000 and Rs. 1,00,000. The details about the life insurance cover are sent to the customer via SMS which consists of the web link from where the customer can download the insurance certificate. In case a claim has been raised, the customer needs to contact the Tata AIA Life call center to proceed with the settlement.

    28 March 2017

  • AIA Group raises its stake to 49% in Tata AIA Life

    AIA Group which previously had a 26% stake in Tata AIA Life has got a go-ahead to increase its stake to 49%. The deal was approved by the fair trade regulator - CCI (Competition Commission of India). However, the financial aspects of the deal have not been revealed by the company. Tata AIA Life offers a wide array of insurance policies to customers in India. Many foreign insurance companies have shown keen interest in investing in Indian insurance companies since the time the government raised the stake limit to 49%.

    Tata AIA offers a host of life insurance, health insurance, term insurance and several other insurance policies to the Indian customers.

    19 January 2016

  • AIA Group Set to Raise Stakes in Tata AIA Life Insurance Joint Venture

    8th December, 2015: Hong Kong's AIA Group is set to increase its holdings in Tata AIA Life Insurance from the existing 26% to 49% for an undisclosed amount.

    Tata Sons and AIA released a joint statement on Monday saying that they have arrived at a decision which involves AIA buying an additional 23% stake increasing its current shareholding to 49%. This transaction will be completed upon the completion of other government regulatory approvals

    AIA and Tata Sons, through a joint venture set up the Tata AIA Life Insurance in 2001 and specialize in providing holistic and innovative insurance solutions to its customers.

    With the government raising the bar for foreign direct investments, the increase in AIA’s stake mirrors those of other insurance companies including ICICI, HDFC, Bharti, AXA and Reliance

    The company posted a profit after tax of RS 264 Crore during the fiscal year ending on March 2015 with its claims settlement ratio reaching 94%. Tata AIA Life insurance also recently tied up with IndusInd Bank and this bancassurance tie-up saw IndusInd selling Tata AIA Life products in their branches. Citibank is also selling the products of the AIA which is Hong Kong based in 11 markets, which includes India.

    8 December 2015.

  • AIA to hike stake in life insurance with Tata Sons

    Tata Sons and AIA came announced an agreement where AIA will increase its shareholding in Tata AIA Life Insurance Company from the current level 26% to 49%. AIA brought additional 23% stake but the financial details of the deal were not revealed. Meanwhile, Nippon Life has decided to increase its stake in Reliance Life Insurance from 26% to 49% for Rs.2,265 crore. Sun Life Financial is increasing Rs.1,664 crore in Birla Sun Life Insurance. Bupa is also investing Rs.191 crore in Max Bupa Health Insurance to increase its stake to 49%. ICICI Bank sold 6% of its share to Premji Invest and Temasek.

    7 December 2015

  • New scheme “Fortune Guarantee” launched by Tata AIA Life Insurance

    Tata AIA Life Insurance has launched a new and unique scheme known as Fortune Guarantee. The product is unique since it is designed to offer guaranteed returns to customers who invest in this scheme. The company wanted to launch a simple to understand and rewarding product among a host of complex insurance products that the country currently has.

    Customers who avail Fortune Guarantee will have to pay policy premium for a term of 5 years and will then reap guaranteed benefits at the end of 10 years. The scheme also offers a high cover benefit with 10 times the annual premium. Female customers are offered higher maturity benefit. The scheme is set to become popular among young professionals who wish to amass good returns as well as a substantial corpus. With the promise of long-term and guaranteed gains, the scheme is sure to become popular among customers.

    Tata AIA is a joint venture between Tata group of India and AIA insurance company which is the largest insurance provider in the Asian region.

    31 July 2015

  • Tata Life’s ‘Daddy aur Zoey’ will warm your heart!

    Tata Life has launched a new communication campaign to showcase its brand makeover. The first in the series is an ad film titled ‘Daddy aur Zoey’ that explores the bond between a father and son. The ad explores the relationship between a father and son through events that happen in their life everyday. The four minute ad is further split into smaller segments of 30-50 seconds.

    The ad depicts how the dad wants to give the best to his son and tries to be the superhero in his life. The ad ends with the message ‘We live for the happiness of our loved ones’. The main idea behind the campaign is to put the message across that life insurance is all about keeping your loved ones happy and safe.

    1 July 2015

  • Tata Life to offer insurance through bancassurance with Citibank

    Tata Life, a private life insurance company has partnered with Citibank, a consumer division of Citigroup to offer insurance products. The plan is to launch 9 insurance products including 4 ULIPs, one term plan, 2 non-participating and 2 participating traditional plans. The main aim of this move is to reach more customers not only through the bank branches but also through digital presence. There are talks of including 15 more products in the next six months. Tata Life is planning to use Citibank’s ATM network to sell its products in the future thus widening its market.

    30 June 2015

  • Choose Tata AIA Money Back Plus plan for regular returns

    Tata AIA Money Back Plus plan is a traditional insurance cum investment plan where the returns depends on performance of participating fund. The plan has a premium paying period term of only half the years of the policy term and regular returns are available at regular intervals during the term. The maturity benefit is a faction of sum assured and is available on surviving the term; the longer the term, the higher the maturity benefit will be. The performance of the participating fund is linked to returns under this plan. The bonuses are declared yearly, which become guaranteed after that and becomes payable on maturity and death. In case of death during term, the insured will get either 10x of his annual premium or the sum assured, provided he has paid 105% of premiums on that date. A personal accident cover is included in the policy which doubles the sum assured in case death is due to accident.


    28 May 2015

  • 'Smart Growth Plus' – A New Life Insurance Solution by TATA AIA Life Insurance

    Tata AIA Life Insurance Company launches “Smart Growth Plus”, a new life insurance solution. It is a non-linked, participating, endowment assurance plan. This plan is designed to offer 3-2-1 benefits which include triple enhancements with two bonuses and one guaranteed addition. Also, the plan offers two times protection cover through its inbuilt Accidental Death Benefit (ADB) facility. The customers can enjoy a wide range of benefits under this new plan launched by TATA AIA Life Insurance Company. The plan also offers a guaranteed addition of 5.5% of sum assured per year during the first five years of the policy term. This is done to increase the savings of its customers. “Smart Growth Plus” offers Compound Reversionary Bonus (CRB) accumulated yearly from the 6th policy anniversary, and a Terminal Bonus which is a portion of the accumulated CRB.

    13 March 2015

  • Tata AIA Life launches drive to revive lapsed policies

    Tata AIA Life Insurance has launched a campaign that is meant to help targeted customers revive their life insurance policies that may have lapsed. The plan is subject to certain conditions but the plan is intended to help customers revive policies and get help in understanding how they can manage their policies better while also learning about new services launched by the company. Customers can visit the branches of TATA AIA on predefined days which will be communicated via SMS and emails.

    The main features of this scheme are:

    1.The scheme is open to people whose premiums were due between April 2012 and January 2015. 2.Those who choose to revive the policy will not be required to pay any interest. 3.They will also not be required to submit medical certificates for reinstatement of the policy. 4.The scheme is valid up to the 31st of March 2015

    9 March 2015

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GST of 18% is applicable on life insurance effective from the 1st of July, 2017

TATA AIA Life Insurance Reviews

Page 1 of 7 1 2 3 4 5
  • Tata AIA Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have been holding my life insurance with TATA AIA LIFE INSURANCE , they have charge me nominal premium for a month, and it use to get auto debited from my account and there agent was good they help me to get good policy and they use to update me if any update is there in this policy time to time.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 10, 2018
  • Tata AIA Life Insurance
    "Excellent service"
    0.5 5.0/5 "Blown Away!"
    I have taken my Term insurance with TATA AIA GENERAL INSURANCE, i work for that company, so i know which policy is good, and there service is too good, they have charged me premium amount nominal, it is yearly basis, it use to get auto-debited from my salary itself.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Dec 10, 2018
  • Tata AIA Life Insurance
    "Good policy to use"
    0.5 5.0/5 "Blown Away!"
    This is a 30 years tenure period policy. When i purchase my credit card, they have given the life insurance policy along with the card. I have bought the life insurance policy 1 month before. They have given me a sum assured amount of Rs. 50 lakhs. Yearly once I'm paying the premium amount of Rs. 13000. I make the premium through online.
    Was this review helpful? 0
    , vijayawada
    Reviewed on Dec 04, 2018
  • Tata AIA Life Insurance
    "Best policy available right now for salaried people"
    0.5 4.0/5 "Great!"
    I have purchased the term insurance from TATA AIG. Since the policy is more attractive while I'm comparing the policy with other company, the policies are convenient and the premium also little bit low. 3 months before, i have taken this policy. Total tenure period of the policy 30 years.
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Dec 03, 2018
  • Tata AIA Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I never been touch with TATA AIG people. I just took the policy through online with the link of HDFC. I have selected the TATA AIG because including most of the case of the death in including in the policy. Their claim settlement ratio also good. I have been paying the premium Rs. 10000 annually. Total coverage amount of Rs, 1 Cr. Total tenure period of the policy is 40 years. Tax benefits policy.
    Was this review helpful? 0
    , mumbai
    Reviewed on Nov 23, 2018
  • Tata AIA Life Insurance
    "Bad service"
    0.5 1.0/5 "Really Bad"
    I have been using life insurance with TATA AIG GENERAL INSURANCE there service is not up to the mark this policy while i have applied they said it will cover up to 10,00,000, i have been taken this insurance for my wife they said 10,00,000 rupee they will cover it but i did not get they said that you will get interest on that which premium you had paid yet not 10,00,000 a hole.so they did not kept their words.
    Was this review helpful? 0
    , noida
    Reviewed on Nov 16, 2018
  • Tata AIA Life Insurance
    "Good service"
    0.5 5.0/5 "Blown Away!"
    I have been holding my life insurance with Tata Aia general insurance , there service is good,i took this term insurance recently and i have been doing my payment premium through credit card and they charge me nominal premium amount per year.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Nov 01, 2018
  • Tata AIA Life Insurance
    "GOOD SERVICE"
    0.5 5.0/5 "Blown Away!"
    I have purchased the life insurance policy with TATA AIA LIFE INSURANCE. They have provided the 50lakhs of life insurance. It is a term policy it gives the coverage till my 75 years. The premium i pay 5k50rupees. The customer support is very good.
    Was this review helpful? 0
    , faridabad
    Reviewed on Oct 24, 2018
  • Tata AIA Life Insurance
    "Good policy"
    0.5 4.0/5 "Great!"
    I have taken life insurance from the TATA AIG life as it has good returns i make the payment through on-line banking annually . This policy covers accidental and critical illness benefits with good tenure period . Overall am satisfied with my policy .
    Was this review helpful? 0
    , hyderabad
    Reviewed on Sep 05, 2018
  • Tata AIA Life Insurance
    "Good policy"
    0.5 5.0/5 "Blown Away!"
    The customer care services of TATA AIG is good. I'm paying the premium amount of Rs. 12000 for every three months. I will get a sum assured amount of Rs. 15 lakhs. I have to pay the premium for 3 years. The risk coverage and accidental coverage is available. I will get some offer on accidental coverage its depends on the damage.
    Was this review helpful? 0
    , ghaziabad
    Reviewed on Aug 01, 2018
  • Tata AIA Life Insurance
    "Clain Ratio is good. "
    0.5 5.0/5 "Blown Away!"
    I took this term insurance in the year of December 2016. I used the premium amount of Rs. 35000 i used to pay the premium yearly by using the credit card through online banking. They are offering a sum assured amount of 1.1 crore. I have to pay this term insurance for 10 years. I have spoke their customer care service and they were helpful to me.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jul 19, 2018
  • Tata AIA Life Insurance
    "Policy"
    0.5 0.5/5 "Unacceptable"
    Fraud company, only wants to sell at any terms with a huge difference in what they commit and what they want to deliver. My personal advice is to check all documents before paying anything to them. Or rather stay away from them to avoid eventual loss.
    Was this review helpful? 5
    , new delhi
    Reviewed on Jul 17, 2018
  • Tata AIA Life Insurance
    "GOOD"
    0.5 5.0/5 "Blown Away!"
    The tenuity period is for 15 years approximately and it is for short period. Premium is good and i pay through the net banking for my life insurance. The sum amount that i am not aware what i am going to get. On line i have done with my documentation..
    Was this review helpful? 0
    , bangalore
    Reviewed on Jun 29, 2018
  • Tata AIA Life Insurance
    "Good Policy"
    0.5 4.0/5 "Great!"
    I hold a term insurance with TATA AIA from last 3 years and it is one of the good policy to use. I am happy with the coverage and returns of this insurance policy. I pay a premium of Rs 30000 on yearly basis and the payment options are convenient for me.
    Was this review helpful? 0
    , lucknow
    Reviewed on May 23, 2018
  • Tata AIA Life Insurance
    "Better policy to use"
    0.5 5.0/5 "Blown Away!"
    I use the life insurance policy from TATA AIA LIFE INSURANCE around a year ago. The customer support service is good with the TATA AIA. This policy has the tenure of 5years . I pay the premium amount of Rs,52,400 to this policy every year once. The plan benefits and the policy coverage is good with the TATA AIA LIFE INSURANCE company.
    Was this review helpful? 1
    , hyderabad
    Reviewed on Apr 19, 2018
  • Tata AIA Life Insurance
    "Quick follow up"
    0.5 3.0/5 "Satisfactory"
    I applied for the term insurance through bank bazaar just to experience and they were not disappointed. Though my application process was struck in between I immediately got a call from the customer care executive for the follow up snd assist. Though I did not have plans to buy the insurance I had to . But the customer care executive was kind enough to explain in detail and bare with me. Thank you.
    Was this review helpful? 0
    , bangalore
    Reviewed on Apr 04, 2018
  • Tata AIA Life Insurance
    "Good"
    0.5 4.0/5 "Great!"
    I am using the TATA AIA service for last 7 years. I have taken a pension plan from TATA AIA LIFE INSURANCE. I never faced any problems till now so there is no need to interact the customer support. The policy coverage and plan benefits are average.
    Was this review helpful? 2
    , hyderabad
    Reviewed on Mar 07, 2018
  • Tata AIA Life Insurance
    "Good Investment"
    0.5 5.0/5 "Blown Away!"
    I took this Insurance some 2 years back and the experience with it has been pretty good. I have been paying Rs.25000 as premium in this Insurance. I would be getting a Money back for every 2 years. The overall experience with it has been pretty good.
    Was this review helpful? 1
    , mumbai
    Reviewed on Feb 16, 2018
  • Tata AIA Life Insurance
    "Reliable one"
    0.5 4.0/5 "Great!"
    I am having the life insurance policy with the TATA AIA life insurance company, They are very straight forward and the service is good. Whatever they have committed was very reasonable one with the TATA AIA life insurance company.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Feb 06, 2018
  • Tata AIA Life Insurance
    "Good"
    0.5 5.0/5 "Blown Away!"
    It is a retirement policy and taken before 7 years. I have chosen TATA AIA because the benefits are good. The customer service and response was up to the mark. After maturity period, I will get good return and which is guaranteed. The tenure period is 35 years.
    Was this review helpful? 0
    , thane
    Reviewed on Jan 25, 2018
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