• Tata AIA Term Insurance

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    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

    TATA AIA Term Insurance Reviews

  • Page 1 of 7 1 2 3 4 5
    • 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? 0
      , 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? 0
      , 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? 0
      , 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
    • Tata AIA Life Insurance
      "Great service provider"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the TATA AIA life insurance company . I had been with them from the last ten years of time. So far, I have not faced any issues with them till now. Customer service and the response is better one with them till now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • Tata AIA Life Insurance
      "Good Insurance"
      0.5 4.0/5 "Great!"
      The experience with Tata AIA has been pretty good. I have been paying Rs.33000 yearly and the total plan is for 24 years. I only need to make payment for first 12 years, from the 13th year they will be paying me Rs.50000 on yearly basis. This is one of the better Insurance available.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 20, 2017
    • Tata AIA Life Insurance
      "Good One"
      0.5 5.0/5 "Blown Away!"
      it has been a good experience over all with TATA for my life insurance . The Tenure for the life insurance i took is of 15 years i have to pay premium . Yearly i pay for the emi of the insurance . I got a Full cover Only for me .the customer service was good from the TATA side for the insurance .
      Was this review helpful? 0
      , nagpur
      Reviewed on Dec 20, 2017
    • Tata AIA Life Insurance
      "Good "
      0.5 5.0/5 "Blown Away!"
      I do have life insurance policy with the TATA AIA life insurance company and am holding it from the last three years of time. I would like to say that the plan benefits are good one with the TATA AIA life insurance company.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 09, 2017
    • Tata AIA Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have taken life insurance with Tata Aia before two years. This policy has been taken through online without any inconvenience. I pay premium of 3200 rupees every month through net banking. The customer support was fine. The payment method is convenient.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 04, 2017
    • Tata AIA Life Insurance
      "Average service"
      0.5 2.0/5 "Expected more"
      I have life insurance service with tata aig and I have taken one policy for the term period of 15 years and the payments where generally through online for every quarter they never update me regarding new schemes and offers also there is no proper response from tata aig it was a average service from tata aig life insurance service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 23, 2017
    • Tata AIA Life Insurance
      "Best"
      0.5 4.5/5 "Excellent!"
      I am having the life insurance policy with the Tata AIA life insurance company and the customer service is good too. Customer service is really good one with the TATA AIA life insurance company, also the services are better one.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 23, 2017
    • 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
      "Good customer services"
      0.5 4.0/5 "Great!"
      I bought TATA AiA policy in 2008 & It was 6 year term for premium payment. I closed this policy in 2015 but I got good amount & customer service was very good. It was Ulip plan. I can recommed others for TATA AIA company products. Their employees are very good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 02, 2017
    • Tata AIA Life Insurance
      "Good for savings"
      0.5 4.0/5 "Great!"
      Nearly I pay Rs.1000 as premium on monthly basis, it has the tenure of 15 years. They provides useful benefits, they will provide the sum assured value of Rs.2 lakhs with accidental coverage, accidental death, life cover. I used to make the payment through ECS.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 26, 2017
    • Tata AIA Life Insurance
      "Good policy to use"
      0.5 3.0/5 "Satisfactory"
      It is good to have a life insurance policy with TATA AIA for past 5years. The customer support is good with this policy. I pay the premium of Rs.18,000 every year. The plan benefits and the coverage is good with this policy. I pay the premium through cash.
      Was this review helpful? 0
      , dharwad
      Reviewed on Oct 26, 2017
    • Tata AIA Life Insurance
      "Good protection for Life"
      0.5 5.0/5 "Blown Away!"
      Last three years back, I have Life insurance with TATA AIA. I am making the premium of Rs. 78,000 on annual basis for the tenure of ten years. After the tenure period I will get getting an amount of Rs.1.30 crores with accidental coverage and tax benefits. I normally make online payment to pay my premium its good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jul 07, 2017
    • Tata AIA Life Insurance
      "Good for small investment"
      0.5 4.0/5 "Great!"
      I do have Tata AIA life insurance company and the coverage is up to 7 lakh Rupees, also am paying around 5000 Rupees. Response and other things are really good one with them and the regular alerts, payment modes are fine one with he Tata AIA life insurance company.
      Was this review helpful? 0
      , guwahati
      Reviewed on Jun 22, 2017
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