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Tata AIA Life Insurance

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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.

Tata AIA Life Insurance Company (Tata AIA Life) is a joint venture company formed by Tata Sons Ltd. 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 that offers offering life, health and group insurance products to its customers.


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 Sampoorna Raksha Plan: This plan is a non-linked, non-participating term assurance plan that provides the policyholder with the option of choosing from 4 different death benefit options. The policy provides the individual with a life cover up to the age of 80 years. Policyholders can choose from regular or limited premium payment terms. Females and non-smokers are offered lower premium rates.
  • Tata AIA Life Insurance Sampoorna Raksha + Plan: This is a non-linked, non-participating term assurance plan that provides the policyholder with a return of premiums paid on the plan’s maturity. Policyholders can choose between 2 death benefit options. The plan offers coverage up to the age of 80 years. Non-smokers and women receive lower premium rates for their policy. The coverage of the plan can be enhanced through riders.
  • 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. The cover can be increased at a later point in the policy term without the requirement of new medical underwritings. Premium payments can be made as a single premium or regular premium. Non-smokers and females receive a discount on premium rates.
  • Tata AIA Life Insurance iRaksha Supreme: It is an online pure term insurance plan that provides customers with the option of choosing their premium payment term. The plan can be purchased online. Customers who choose a higher sum assured receive benefits on their premium rates.
  • Tata AIA Life Insurance iRaksha TROP: It is an online term insurance plan that guarantees return of premium on maturity. The plan provides the policyholder coverage until the age of 75 years. It has three premium payment options: Regular Pay, Limited Pay, Single Pay. Customers who opt for higher coverage options receive a discount on premium rates. Female customers are offered lower premium rates.
Plan Type Basic Sum assured Tenure
Tata AIA Life Insurance Sampoorna Raksha Plan Rs.50 lakh
  • Limited pay/regular pay 5 years: 10 to 40 years
  • Limited pay 10 years: 15 to 40 years
Tata AIA Life Insurance Sampoorna Raksha + Plan Rs.50 lakh
  • Limited pay/regular pay 5 years: 10 to 30 years
  • Limited pay 10 years: 15 to 30 years
Tata AIA Life Insurance Maha Raksha Supreme Rs.50 lakh 10-40 years
Tata AIA Life Insurance iRaksha Supreme Rs.50 lakh
  • Limited pay/regular pay/Single pay 5 years: 10 to 40 years
  • Limited pay 10 years: 15 to 40 years
Tata AIA Life Insurance iRaksha TROP Rs.50 lakh
  • Limited pay/ regular pay 5 years: 10 to 30 years
  • Limited pay 10 years: 15 to 30 years

Tata AIA Life Insurance Savings Plans:

  • Tata AIA Life Insurance Diamond Savings Plan: This is a non-linked, participating life insurance plan that guarantees income on completion of the premium payments. Policyholders are entitled to receive revisionary and terminal bonuses on death or maturity of the plan. Riders can be added to enhance the protection of the policy.
  • Tata AIA Life Insurance Gold Income Plan: This plan is a non-linked, non-participating, endowment assurance plan that provides the policyholder with guaranteed benefits on the maturity of the policy. Guaranteed income can be chosen for a period of 10 years or 15 years. The guaranteed income amount begins at 12% of the basic sum assured.
  • Tata AIA Life Insurance Smart Income Plus: This plan is a non-linked, non-participating, endowment assurance plan that provides the policyholder with the option of choosing between a regular income plan or an endowment plan. Policyholders who opt for the regular income option can receive guaranteed payouts that range from 120% to 160% of the annualised premium.
  • Tata AIA Life Insurance Monthly Insurance Plan (MIP): This is a non-linked, participating endowment assurance plan that has a number of benefits. The plan is ideal for policyholders who are looking to build a corpus for future goals through monthly savings. The policyholder has the benefit of availing a loan against their policy to meet the financial needs of any unforeseen events. Guaranteed additions are accrued on an annual basis from the beginning of every year of the policy’s term.
  • Tata AIA Life Insurance Secure 7 Plan: This is a non-linked non-participating endowment plan that guarantees annual income for a period of 7 years after the payment of the premium. The annual income also provides protection against erosion as a result of inflation. 25% of the basic sum assured is paid to the policyholder on the maturity of the policy.
  • Tata AIA Life Insurance MahaLife Supreme Plan: This is a non-linked, non-participating endowment assurance plan that provides policyholders with 2 options of making premium payments. The plan provides the insured with guaranteed annual income. A percentage of the basic sum assured is paid every year on the survival of the policy following the end of the policy’s term.  
  • Tata AIA Life Insurance Fortune Guarantee Plan: This is a non-linked, non-participating endowment insurance plan that provides the policyholder with a guaranteed maturity benefit. The plan comes with a flexible tenure and premium payment term.
  • Tata AIA Life Insurance Insta Wealth Plan: This is a non-linked, participating endowment plan that does not require any medical or financial underwriting from the policyholder. The plan offers the insured the benefit of making payments for a short period of time and enjoying a life cover. Policyholders receive guaranteed additions on an annual basis following the completion of the premium payments.  
  • Tata AIA Life Insurance Money Back Plus Plan: This is a non-linked participating endowment assurance plan that provides coverage throughout the term of the policy. The plan provides a guaranteed inflow of cash on a regular basis. Policyholders have the flexibility of choosing from a number of premium payment term options. The policyholder can enhance their savings through the terminal and compounded reversionary bonuses.
  • Tata AIA Life Insurance Smart 7 Plan: This is a participating endowment assurance plan that provides the policyholder with coverage throughout the policy’s term after paying a limited premium. Additional bonuses on maturity further add to the growth of the corpus.
  • Tata AIA Life Insurance Smart Growth Plus Plan: This is a non-linked, participating endowment plan that provides the policyholder with guaranteed additions during the first 5 years. The policy term can be chosen based on the policyholder’s short-term and long-term savings requirements. Compounded reversionary bonuses and terminal bonuses further add to the policyholder’s corpus.
  • Tata AIA Life Insurance MahaLife Gold Plus Plan: This is a participating whole life plan that provides coverage to the policyholder up to the age of 85 years. The plan enables the policyholder to earns returns for an extended period of time after paying a limited premium. The Inflation Protection Cover can be added at any point in the policy term to enhance the protection of their policy.  Policyholders also receive a regular income in addition to the lump-sum amount received on maturity.
  • Tata AIA Life Insurance MahaLife Gold Plan: This is a participating whole life plan that provides the policyholder with protection up to the age of 85 years after a premium payment term of 15 years. From the 10th year of the policy, policyholders receive guaranteed annual coupons until the maturity of the policy. A lump-sum benefit is given to the policyholder on the maturity of the policy in addition to receiving a regular income.
  • Tata AIA Life Insurance MahaLife Magic Plan: This is a participating endowment assurance plan that provides the policyholder with a lump-sum amount on maturity. The policy payment term is 9 years and provides the policyholder with a life cover throughout the tenure of the policy. Policyholders have the benefit of having bonuses added to the maturity amount.
  • Tata AIA Life Insurance Money Maxima Plan: This is an endowment assurance plan that comes with flexible policy terms. The plan provides policyholders with a life cover throughout the policy tenure. Sum assured, maturity benefit, bonuses and loyalty additions can help enhance the policyholder’s savings corpus.  
Plan Basic Sum assured Tenure
Tata AIA Life Insurance Diamond Savings Plan 11 times the annualised premium 18 years or 25 years
Tata AIA Life Insurance Gold Income Plan Annualised premium x basic sum assured multiple 12 and 15 years
Tata AIA Life Insurance Smart Income Plus 11 times the annualised premium 15/21/25 years
Tata AIA Life Insurance Monthly Insurance Plan (MIP) Rs.1.14 lakh 15 and 20 years
Tata AIA Life Insurance Secure 7 Rs.2.5 lakh 14 years
Tata AIA Life Insurance MahaLife Supreme 10 times the annualised premium 12 and 15 years
Tata AIA Life Insurance Fortune Guarantee 10 times the annualised premium 10, 11, 12, and 15 years; 20 and 21 years
Tata AIA Life Insurance Insta Wealth Plan Rs.1 lakh 10/15/20 years
Tata AIA Life Insurance Money Back Plus Plan Rs.2 lakh 16/20/24 years
Tata AIA Life Insurance Smart 7 Plan Rs.2 lakh 12 years
Tata AIA Life Insurance Smart Growth Plus Plan Rs.1.5 lakh 10 to 30 years
Tata AIA Life Insurance MahaLife Gold Plus Plan Rs.2 lakh 85 years minus entry age

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.The following are the wealth solution plans that are offered by Tata AIA:

  • Tata AIA Life Insurance Invest One:  This is a non-participating, unit-linked endowment insurance plan. The plan requires the policyholder to make a single premium payment and can enjoy both a life cover and market-linked returns. Policyholders have the option of choosing their policy term and receive guaranteed maturity additions and loyalty additions. The insured has the option of choosing from 8 fund types.
  • Tata AIA Life Insurance Fortune Maxima: This is a non-participating, unit-linked whole life plan that helps the policyholder achieve medium to long-term goals. Policyholders have the flexibility of choosing from 11 different fund options. The plan can be enhanced with riders and policyholders also receive loyalty additions on a regular basis.
  • Tata AIA Life Insurance Fortune Pro: This plan is a non-participating, unit-linked endowment insurance plan that provides the policyholder with the flexibility of choosing the tenure of their policy. Premium payments can be made one time or over a limited period. Policyholders can choose from 11 fund types and can customise their plan with riders using additional units.
  • Tata AIA Life Insurance Wealth Maxima:  This plan is a non-participating, unit-linked whole life insurance plan that provides the policyholder with protection for their entire life after a single premium payment or for a limited term. Policyholders can choose to invest in an 11 of the funds available.
  • Tata AIA Life Insurance Wealth Pro: This plan is a non-participating, unit-linked endowment insurance plan that provides the policyholder with the flexibility to invest in 11 different funds to enhance their investment opportunities. Policyholders can make premium payments for a limited period or make a  single premium payment.
Plan Basic Sum assured Tenure
Tata AIA Life Insurance Invest One 1.25 times the single premium 15 to 30 years
Tata AIA Life Insurance Fortune Maxima
  • Single pay: 1.25 the premium
  • Limited pay: above 10 times the annualised premium or 0.5 times the policy term X annualised premium
100 minus issue age
Tata AIA Life Insurance Fortune Pro
  • Single pay: 1.25 the premium
  • Limited pay/regular pay: above 10 times the annualised premium or 0.5 times the policy term X annualised premium
15 to 40 years
Tata AIA Life Insurance Wealth Maxima
  • Single pay: 1.25 the premium
  • Limited pay: above 10 times the annualised premium or 0.5 times the policy term X annualised premium
100 minus issue age
Tata AIA Life Insurance Wealth Pro
  • Single pay: 1.25 the premium
  • Limited pay/ regular pay: above 10 times the annualised premium or 0.5 times the policy term X annualised premium
15 to 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 Plan: This plan is usually offered to financial institutions and organisations whose business concerns sanctioning and disbursal of loans. The plan has a simple enrollment process and offers a life cover with a single premium payment. Additionally, policyholders can avail attractive premium rates when choosing a group plan. The plan offers international coverage and can also cover co-borrowers of a loan.
  • Tata AIA Life Insurance Group Term Life Plan: This a non-linked, non-participating group plan that is renewable on an annual basis. The plan has a simple enrollment process and a premium payment option. It provides international coverage and has a fast and easy claim process.
  • Tata AIA Life Insurance Group Immediate Annuity with Return of Purchase Price: This plan requires the employee to make a  single premium payment and has the option of choosing annuity payment modes. The plan provides employees with a regular source of income even after they resign. The corpus accumulated is converted to a regular source of income.
  • Tata AIA Life Insurance Group Loan Protect Plan: This is a non-linked non-participating, group credit life insurance plan. The plan provides the employee with financial protection against terminal illness, critical illness, total and permanent disability, and death. Policyholders have the option of choosing from 9 different comprehensive coverage plan options. The plan can be customised as a single or joint life plan. Policyholders can also cover co-borrowers of a loan for the total amount borrowed or on a loan shared basis. Policyholders can also choose the term of their policy from 2 years to 35 years.
Plan Basic Sum assured Minimum members
Tata AIA Life Insurance Group Total Suraksha Plan Rs.1,000 50 members
Tata AIA Life Insurance Group Term Life Plan Rs.5,000 Employer-employee groups: 10 members Non-employer-employee groups: 50 members
Tata AIA Life Insurance Group Immediate Annuity with Return of Purchase Price Rs.3,000 p.a. (annuity instalment) NA
Tata AIA Life Insurance Group Loan Protect Rs.10,000 50 members

Tata AIA Child Solutions:

Tata AIA Child Solutions:

Tata AIA offers child protection solutions to help plan for a child’s future. The plans come with a number of features and benefits that ensure financial security at all times. The child plans offered by Tata AIA are as follows:

  • Tata AIA Life Insurance Super Achiever Plan: This is a non-participating, unit-linked child endowment plan that provides the policyholder with guaranteed maturity additions at the end of the policy term. Policyholders have the flexibility of choosing from 8 different fund options in addition to top-ups that can further enhance their investment. The insured can choose to avail settlement at maturity in a lump-sum payout or periodical payments.
  • Tata AIA Life Insurance Good Kid Plan: This is a non-linked participating plan that ensures money back benefits for the purpose of funding a child’s education and career requirements. 5% of the basic sum assured is paid out every year as a milestone addition from the end of the first year of the policy term. Compound reversionary bonuses and terminal bonuses further add to the corpus. The plan also provides a life cover for the entire term of the policy. In the event of the policyholder’s death, the benefits of the policy continue without any future premium payments.
Plan Basic Sum assured Tenure
Tata AIA Life Insurance Super Achiever Plan 10 times the annualised premium 10 to 20 years
Tata AIA Life Insurance Good Kid Plan Rs.2.5 lakh 12 to 25 years

Tata AIA Micro Insurance Plan:

  • Saat Saath: it is a non-linked, non-participating endowment plan that provides the policyholder with coverage throughout the term of the policy. The plan does not require the insured to undergo any medical tests and comes with a fixed premium payment term of 7 years. The policy comes with a maturity benefit as well as a surrender benefit.
Plan Basic Sum assured Tenure
Tata AIA Life Insurance Saat Saath Rs.2 lakh 10 years

Tata AIA Retirement Solutions:

Tata AIA’s retirement solution helps policyholders better plan their finances so as to continue reaping benefits well into their retirement.

  • Tata AIA Life Insurance Freedom Plan: This is a non-linked participating endowment plan that enables the growth of the policyholder’s retirement corpus. The plan provides the policyholder with guaranteed additions equal to 10% of the annualised premium at the beginning of each year of the policy’s term. The policy term can be chosen based on when the policyholder wishes to retire. Policyholders have the option of customising their plans through optional riders. The terminal bonus and compounded reversionary bonus further add to the policyholder’s retirement corpus.
Plan Basic Sum assured Tenure
Tata AIA Life Insurance Freedom Plan Rs.2 lakh Option 1: 55 minus entry age Option 2: 60 minus entry age

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 2017-18
Claim Settlement Ratio (%) 89.68 94.47 96.80 96.01 98.00
Total Premium (in crores) 2,323.7 2,121.79 2478.96 3171.08 4,162.95

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:

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

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    News About Tata Aia Life Insurance

    • Tata AIA Life Insurance using predictive analytics to improve renewal rate

      Tata AIA is taking initiatives to improve the renewal rate by ensuring that the policy owners pay the premiums on time. According to Yusuf Panchmariwala, the SVP and Head of Operations of Tata AIA, the company is making use of predictive analysis to determine which customers need to be reminded about the renewal premium payment and who will pay it on their own without any reminder. Once a policy is purchased the officials use analytics to find out which policy is likely to get lapsed due to non-payment and remind the customer to pay the renewal premium on time. They only follow up with the customers who are likely to forget the premium payment date and make sure that they pay the premium timely. As a matter of fact, predictive analysis is a practice of extracting information from the existing data for effectively predicting future consequences of an event.

      27 February 2019

    • Latest Brand Philosophy Launched by Tata AIA Life Insurance

      The popular life insurance company, Tata AIA Life Insurance has recently launched its most intrinsic in nature philosophy known as Rakshakarankireet. The philosophy essentially stands for the belief that wanting to protect one’s dear ones and loved ones is something that is innate in nature. It is a trait that can be commonly seen among most Indians and is also reflected in the myriad cultural customs that are followed across the nation. These rituals are a product of mankind’s basic instinct to protect his loved ones from any unfortunate event or situation.

      Tata AIA’s brand philosophy Rakshakarankireet is a link between the same age-old culture of wanting to protect one’s family members and extending it to financial and life protection. A latest report suggested that the latest protection gap percentage in India is close to 93%. Its primary aim and objective is to bring as much of India’s population under cover as possible. The officials of Tata AIA said that the philosophy has been woven keeping people’s basic instincts in mind.

      The brand philosophy of Tata AIA only reinstates its commitment towards providing protection and coverage to millions of Indians and hence it focuses primarily on protection products.

      24 January 2019

    • 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

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    TATA AIA Life Insurance Reviews

    Page 1 of 8 1 2 3 4 5
    • Tata AIA Life Insurance
      "Good for me and my family"
      0.5 5.0/5 "Blown Away!"
      From Tata Aig, I took suraksha plus policy, its covers for any accidental or natural death upto Rs. 50 lakhs. Per year I need to pay the premium amount of Rs. 40,300 it has the tenure of 5 years. Then I get the sum assured of Rs.2.2 lakhs at the age of 70 age, if any thing happen to me, my nominee will get Rs. 50 lakhs of life cover. The policy activation time is very less with them.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 11, 2019
    • Tata AIA Life Insurance
      "Good for family protection"
      0.5 5.0/5 "Blown Away!"
      Through online I compared the claim settlement ratio of Tata Aig, Then I have availed term plan from for the sum assured of Rs. 1 crore. I have added one nominee I pay the premium around RS.40,000 per annum , I need to pay upto 10 years, it has the life cover up to 80 years.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 05, 2019
    • Tata AIA Life Insurance
      "EXCELLENT"
      0.5 5.0/5 "Blown Away!"
      I have been using the life insurance policy with the TATA AIA LIFE INSURANCE and the premium i have paid once at the beginning. It is the short term policy and the policy coverage is for self also the policy is good with no issues i am facing with this policy.
      Was this review helpful? 0
      , mumbai
      Reviewed on Apr 01, 2019
    • Tata AIA Life Insurance
      "Good term plans "
      0.5 4.5/5 "Excellent!"
      TATA AIA LIFE INSURANCE provides Good term plans for the loan purpose It's great to have a insurance to the credit we take for faster and better plans we should approach Tata. Therefore I am very much happy with TATA AIA LIFE INSURANCE and its service,
      Was this review helpful? 0
      , bangalore
      Reviewed on Mar 29, 2019
    • Tata AIA Life Insurance
      "No experience with the policy"
      0.5 4.0/5 "Great!"
      I had a bad experience with TATA AIA. The people have cheated me. They have asked me to pay the premium of Rs. 40000 for 10 years. They have asked me to make the online payment and i have done. But for the second year also, they asked me to renew the policy like normal policy hence i have discontinued the policy. I bought the product from bank people.
      Was this review helpful? 0
      , vadodara
      Reviewed on Feb 25, 2019
    • Tata AIA Life Insurance
      "GOOD"
      0.5 4.0/5 "Great!"
      I have taken the EULIP Policy with the TATA AIA LIFE INSURANCE, i am using it since from last 10 years also the coverage is for self and, the premium i am paying for yearly once through online. The premium is nominal with good benefits with this policy.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 22, 2019
    • Tata AIA Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken this Life Insurance policy from TATA AIG .The service is good and need to renew the policy every year from my end ,have good benefits as well .This policy is valid till my age is 65 yrs.This insurance policy give us good benefits and the service is so good and satisfactory.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 21, 2019
    • Tata AIA Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      It has coverage of 20L in accidental death and partial similarity 10L and if I go for tele based charges are really good. I took this plan before 2 years ago and the benefits are good. I never tried the customer service. I have paid the premium of 6K yearly through ECS.
      Was this review helpful? 0
      , kolkata
      Reviewed on Feb 20, 2019
    • Tata AIA Life Insurance
      "Good Service"
      0.5 4.0/5 "Great!"
      I have applied for this Life Insurance through TATA AIG Life insurance ,it is good have good features and benefits ,the tenure is for 3yrs and i am paying the premium on yearly basis and paying is through EMI and not yet faced any issue on the premium payment .This is a Maturity benefit plan and the Overall service is Good.
      Was this review helpful? 0
      , chennai
      Reviewed on Feb 13, 2019
    • Tata AIA Life Insurance
      "Go for term insurance for the family future safety"
      0.5 4.0/5 "Great!"
      I have taken my term insurance policy from TATA AIG. This a a terms with returns policy. TATA AIG is providing a less premium with the sum assured amount of Rs. 1 Crore. I used to make the premium amount of Rs. 18000 per annum. I took the policy 1 month before. I have done the documentation process by online.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 20, 2019
    • Tata AIA Life Insurance
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I have purchased a term insurance policy from TATA AIA. I opened this policy before 4 months. The claim ratio was 97% hence i have selected them. The premium amount is very less. I've chosen the coverage value of Rs. 50 lakhs. I make the premium by cheque.
      Was this review helpful? 0
      , vapi
      Reviewed on Jan 19, 2019
    • Tata AIA Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      I have a term plan from TATA AIA and it was taken recently before 3 months. The premium is reasonable and have taken the plan for 46 years and it will be regular payment If I am not survive then family will be getting the benefits. The sum assured is 32K. I got the insurance paper.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Jan 08, 2019
    • Tata AIA Life Insurance
      "Good service"
      0.5 4.0/5 "Great!"
      I had taken this Life insurance policy a long time back and the premium had been paying on a monthly basis. The premium amount has not been too high and the payment method has been simple and easy where it has been done online. It has been a good policy.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 08, 2019
    • 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? 2
      , 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? 1
      , 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? 1
      , 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? 2
      , 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? 1
      , 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? 1
      , 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? 1
      , hyderabad
      Reviewed on Nov 01, 2018
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