Tata AIA Term Insurance

Few responsibilities are as big as being the only earner in a family. In case of unfortunate events, there will be no one to ensure the financial security and safety of the individual’s family. Since family comes first and caring for the security of your loved ones is of utmost important, your family can meet all uncertainties if you take out the right insurance policy that meets their requirements.

Term plans from Tata AIA are the ideal solutions for those wish to secure the financial future of their family. The three main protection solutions offered by Tata AIA include iRaksha TROP, iRaksha Supreme and Maha Raksha Supreme.

Types of TATA AIA Term Insurance Plans:

  1. Tata AIA iRaksha TROP
  2. TATA AIA iRaksha Supreme
  3. Tata AIA Life MahaLife Supreme
Tata AIA Life iRaksha TROP

Tata AIA Life Insurance iRaksha TROP is a non-participating, non-linked online term insurance plan that not only ensures that your family will be financially secure in the unfortunate event of your demise, but also ensures that your family will receive all the premiums you have paid when the term of the policy ends. Please note that the premium amount that you receive does not include tax, interest, or underwriting additional premium.

Feature

Description

Entry age

Minimum: 18 years

Maximum: 65 years

Policy term

Minimum: 10 years

Maximum: 35 years

Sum assured

Minimum: Rs.50 lacs

Maximum: No limit

Premium payment

Minimum annual premium: Rs.17,854

Maximum annual premium: depends on the sum assured

Premium payment frequency

Single, semi-annual, annual, 5 years for policy terms between 10 and 30 years, 10 years for policy terms between 15 and 30 years

Tata AIA Life iRaksha Supreme

Tata AIA Life Insurance iRaksha Supreme is a non-participating, non-linked online term insurance plan that is tailored to ensure that your family will be financially protected in case of the unfortunate death of the policyholder.

Feature

Description

Entry age

Minimum: 18 years

Maximum: 70 years

Maximum age at maturity

80 years

Policy term

Minimum: 10 years

Maximum: 40 years

Sum assured

Minimum: Rs.50 lacs

Maximum: No limit

Premium payment term

Limited pay – 5 / 10 years

Single and regular pay – 10 to 40 years

Premium payment frequency

Semi-annual, annual

Tata AIA Life MahaLife Supreme

The MahaLife Supreme policy from Tata AIA is a non-participating, non-linked, limited premium-paying endowment assurance policy that helps individuals plan their savings outflow as well as the required regular yearly income inflow. It also provides the other important benefits synonymous with life insurance policies. The plans offer customers two options (A and B) of making premium payments for a certain period (usually 12 or 15 years), and guaranteed yearly income will be granted to you for 18 or 20 years respectively.

Feature

Option A

Option B

Entry age

Minimum: 18 years

Maximum: 50 years

Minimum: 18 years

Maximum: 50 years

Maximum age at maturity

85 years

80 years

Policy term

Minimum: 35 years

30 years

Sum assured

10X annualised premium

10X annualised premium

Premium payment term

15 years

12 years

Minimum premium per annum

Rs.15,000

Rs.20,000

Features and Benefits of Tata AIA Term Insurance:

  • The minimum age to apply for a Tata AIA Term Insurance plan is 18 years.
  • The maximum age to apply for a Tata AIA Term Insurance plan is 70 years.
  • Individuals who apply for a Tata AIA Term Insurance plan must either be self-employed or salaried.
  • The maximum tenure for these plans is 40 years.
  • The minimum sum that can be assured with these plans is Rs.5 lacs and the maximum sum has no limit but is subject to underwriting.
  • The only exclusion is if the policyholder commits suicide within the first year of the policy.
  • Individuals who wish to avail a Tata AIA Term Insurance plan must furnish documents such as identity proof, age proof, income proof, address proof and PAN number.

Tata AIA Term Plan FAQs:

1.Q. Are there any savings options better than a Tata AIA life insurance plan?

A.If you are looking for a plan that ensures the financial security of your family in case of the unfortunate event of your demise, a Tata AIA Life Insurance policy is your best bet. There are three policies to choose from depending upon your financial requirements, viz. iRaksha TROP, iRaksha Supreme and MahaLife Supreme.

2.Q. Do all policies have the same modes of payment?

A.Most policies allow customers to make premium payments either on a monthly, quarterly, semi-annual or annual basis.

3.Q. What options does the company provide to make premium payments?

A.Customers of Tata AIA can make premium payments through the internet, ECS, cash, or cheque.

4.Q. What are the consequences if I fail to make premium payments on time?

A.Customers who fail to pay their premium on time will receive a grace period of 30 days. If the premium is not paid within the grace period, the insurance policy will be blocked and you will then be given two years to revive it if you want to continue receiving the benefits you had signed up for.

5.Q. Do the terms of the policy vary for smokers and non-smokers?

A.Yes, non-smokers will receive preferential rates of premium as they lead a healthier lifestyle.

Other Products from TATA AIG

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

This Insurance Company has not partnered with BankBazaar.com. For more details, please visit its website/branch office. The trademarks, logos and other subject matters of intellectual property belong to their respective owners.

 4.5 / 5.0   by 22 users
Used this product? Write a review >>

Plan Benefits

Payment Options

Policy Coverage

Customer Service

Display of any trademarks, tradenames, logos and other subject matters of intellectual property belong to their respective intellectual property owners. Display of such IP along with the related product information does not imply BankBazaar's partnership with the owner of the Intellectual Property or issuer/manufacturer of such products.

TATA AIA Term Insurance Reviews

Page 1 of 2 1 2
  • Tata AIA Life Insurance
    "Average Policy"
    0.5 4.0/5 "Great!"
    Its a long term plan. Purchased my pension policy from TATA AIA. Since they have launched the pension plan to the insurance industry, i have chosen them. I pay the quarterly premium amount of Rs. 3800 for the sum assured amount of Rs. 2 lakhs. In short it is a good beneficial policy.
    Was this review helpful? 0
    , chennai
    Reviewed on Aug 20, 2019
  • Tata AIA
    Tata AIA Life Insurance
    "Super Policy"
    0.5 5.0/5 "Blown Away!"
    TATA is a brand name and the claim settlements are very good and public experience is good. Their claim settlement ratio is 99% thats the reason i opted the policy with TATA AIA. For my term insurance, coverage amount is Rs. 25 lakhs and i bought the policy long back.
    Was this review helpful? 0
    , faridabad
    Reviewed on Aug 01, 2019
  • Tata AIA Life Insurance
    "Very Good policy"
    0.5 5.0/5 "Blown Away!"
    Chosen my term insurance from TATA AIA. I found this is a good policy based on the terms and conditions. The claim ratio also good. I am paying the premium amount of RS. 1000 per month. I have selected the coverage of 1 Crore which covers up 75 years of my age.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jun 28, 2019
  • Tata AIA Life Insurance
    "Good sampoorna suraksha policy"
    0.5 4.0/5 "Great!"
    TATA term plan is a term insurance policy and it will cover upto 100 years of my age. I have been paying the premium amount of Rs. 37000 and i have chosen the annual payment mode for next 12 years. I have chosen the coverage amount of Rs. 1 Cr. We had a 25% discount on first premium amount for TATA employees hence i have chosen with them. This is the only policy has upto 100 years compared to others.
    Was this review helpful? 0
    , mumbai
    Reviewed on Jun 14, 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
    "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
    "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
    "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 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
  • 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? 1
    , hyderabad
    Reviewed on Jul 19, 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
    "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
    "Excellent"
    0.5 5.0/5 "Blown Away!"
    I have taken a term plan from TATA AIA life insurance. There are other insurance providers where for term plans they would not get the benefits after the matured term. But this plan I would get back my money after the tenure of 30 years. The premium is to be paid only for five years.
    Was this review helpful? 0
    , lucknow
    Reviewed on Nov 09, 2017
  • Tata AIA Life Insurance
    "Average "
    0.5 2.5/5 "Just OK"
    I have term life insurance policy with the Tata AIA life insurance company and the coverage value is around one crore Rupees . Also the premium is around 12500 Rupees and the coverage period is around thirty period of years of time. Till now, I was happy with their claim experience.
    Was this review helpful? 0
    , new delhi
    Reviewed on Apr 12, 2017
  • Tata AIA Life Insurance
    "Much average"
    0.5 3.0/5 "Satisfactory"
    TATA AIG life insurance is very much average,. I have taken this policy with the help of my friends. I am making the payment through cheque. This policy was taken for a period of 8 years also I am planning to close this policy, as the returns are not that great and it is basically a term insurance.,
    Was this review helpful? 0
    , gurgaon
    Reviewed on Aug 30, 2016
  • Tata AIA Life Insurance
    "Satisfactory services"
    0.5 4.0/5 "Great!"
    I do have a life insurance policy with Tata AIA. The services are good from them. I have taken a long term insurance. As the short term does not give much of returns. The tenure is for 35 years. The payments are very convenient to make online.
    Was this review helpful? 0
    , imphal
    Reviewed on Jul 20, 2016
  • Tata AIA Life Insurance
    "Check the policy documents before going..."
    0.5 3.0/5 "Satisfactory"
    Good but the Tata AIA has migrated but as being a customer I have not felt any changes. For my life insurance plan they give good deals. It is a kind of term insurance and I get bonus only after completion of 6th year. Overall I am happy with this insurance company.
    Was this review helpful? 0
    , hyderabad
    Reviewed on Jan 26, 2016
  • Tata AIA Life Insurance
    "Satisfied...."
    0.5 4.0/5 "Great!"
    I got term plan from Tata AIA Life insurance and mine is one of the best plans. Pure term plan it is and if the policy holder get expired the family members would get the coverage percentage. And the value of coverage is 50 lakhs and the tenure is for ten years. Every year I am renewing it.
    Was this review helpful? 0
    , ahmedabad
    Reviewed on Jan 19, 2016
Common Loader Icon
Page 1 of 2 1 2
reTH65gcmBgCJ7k
This Page is BLOCKED as it is using Iframes.