TATA AIA Term Insurance

TATA AIA Term Insurance

  • Get ₹1 Crore Life Cover @₹494/Month
  • Online Medical Consultation Facililty
  • Get 105% Return of Premium

Tata AIA Term Insurance: An Overview

Tata AIA term insurance plans can ensure a secured financial future for the family in case of any unfortunate event with the policyholders. Tata AIA Life Insurance Company offers comprehensive term insurance plans that cover the various financial needs of customers so they do not need to compromise their lifestyles even after the loss of the sole breadwinner.

If the policyholder outlives the Tata AIA term plan, i.e., the policy reaches the policy maturity date, the life coverage ends. In such a condition, the policyholder doesn’t receive the premium back.

Here, we will explore the Tata AIA term plan benefits, additional features, and a complete Tata AIA term life insurance plans list. Read on!

Benefits of Tata AIA Term Insurance

Tata AIA term insurance plans provide comprehensive financial security to the policyholder and their family, including life risk protection, optional riders for enhanced coverage, flexible premium payment terms, tax benefits, etc. All in all, by buying a Tata AIA term plan, you can secure peace of mind with the following benefits:


Life-Long Protection

Tata AIA term insurance plans cover the policyholder for up to 100 years, ensuring the family remains protected against any life risk in the long run.


High Life Coverage at Affordable Price

Tata AIA term plans offer a wide range of term plan options, including a 50 Lakh term plan, 1 Crore term insurance, 2 Crore term insurance, and 5 Crore term insurance at a very nominal monthly premium. This way, you can pay the premium regularly without straining your pocket.


Way to Replace Income

If you are the only breadwinner in your household and an uncertain situation happens, Tata AIA term insurance may replace your income. The monetary help may support your family expenses, including education, outstanding loans or debts, and other financial commitments.


Easy Purchase

Buying Tata AIA term life insurance plans is very easy. You can compare different term plans, customize the coverage, premiums, and policy terms, add riders, and make payments, all in just a few clicks.


Wellness Program

Tata AIA term life insurance provides the Tata AIA Vitality membership facility. This wellness program helps policyholders get health check-ups and premium discounts.


Tax Benefit

The policyholders can avail of tax benefits on the premium paid towards Tata AIA term insurance plans under Section 80C of the Income Tax Act. Additionally, the benefits received are tax-exempt under Section 10 (10D) of the Income Tax Act 1961.

Key Features of Tata AIA Term Insurance

Tata AIA term insurance plans offer the following features to provide maximum flexibility and a reason to buy a policy for customers:


Convenient Payment

Depending on your financial suitability, you can choose to make premium payments in one single payment or regular payments in annual, half-yearly, quarterly, or monthly modes.


Instant Claim Settlement

Tata AIA term insurance offers the facility of the “express claim settlement” in four hours.


Affordable Premium Rates

The premium rates of Tata AIA term plans are very affordable and may start from Rs. 424/month, depending on the plan and sum insured you select.


Optional Add-on Riders

Besides the base policy coverage, you can enhance your family's financial protection in tough times by adding optional riders to Tata AIA term insurance.


Protection Against Critical Illness

Tata AIA term insurance plans protect the insured against life-threatening diseases and illnesses. You can add a critical illness rider to your base plan and receive a lump sum when diagnosing any illness covered.

Why Choose Tata AIA Term Life Insurance?

If you make the right choice at the right time, a term insurance plan can become a financial asset to your family in times of need. You should choose Tata AIA life insurance company to buy term insurance for the following reasons:

  • High Claim Settlement Ratio

    Tata AIA recorded an evident claim settlement ratio of 99.01% for individual death claims in the financial year 2022-23, which assures customers of the financial security of their families in the most unfortunate events of life.

  • Plan for Every Individual

    Whether you are a working individual, homemaker, or retiree, Tata AIA has a suitable plan at affordable premium rates for every need.

  • Types of Term Insurance Policies

    Tata AIA term life insurance offers different types of term insurance policies, which are suitable tools for planning your financial future. You can choose from level term plans, increasing or decreasing term insurance, term with return of premium, and convertible term plans.

  • Widespread Network

    Tata AIA Life Insurance Company has a strong network of more than 400 branches in major cities in India. The branches are equipped with professional experts who guide you through the process, from comparing the right term plan to paying premiums and assisting during claim filing.

Term Insurance Plans Offered Under Tata AIA Life Insurance

Tata AIA Life Insurance Company offers various term insurance plans with unique features and benefits. Have a look at Tata AIA term insurance plan list:

Additional Riders Offered by Tata AIA Term plan

Based on the Tata AIA term insurance plan terms and conditions, the policyholders can add riders to their base policy and enhance the base coverage. Below, we have provided the list of add-on riders under Tata AIA term insurance:


Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider

You can add this rider to the policy at the time of purchase and get covered under specific risks. The Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider includes the following benefits:

  • Term benefit with an accelerated terminal illness
  • Accidental death benefit
  • Accidental total and permanent disability
  • CritiCare plus benefit
  • CritiCare benefit

Tata AIA Life Insurance Non-Linked Comprehensive Health Rider

This rider offers enhanced protection by offering risk coverage for disability, hospitalization, and illness. Based on their needs, customers can opt for the return of premium options. The Tata AIA Life Insurance Non-Linked Comprehensive Health Rider provides coverage against multistage critical illness, cancer care, and cardiac care.


Tata AIA Vitality Health Rider

With Tata AIA Vitality Health, customers gain the motivation to focus on physical and mental well-being with various discounts. The rider covers certain benefits, including hospitalization benefits, minor illness/ injuries, late-stage cancer cover, and heart-related ailments.


Tata AIA Vitality Protect Rider

Tata AIA Vitality Protect helps improve the physical and mental well-being of the insured to minimize health risks in the long run. The rider provides various benefits, such as a term booster, accidental death benefits, and protection against 40 critical illnesses. You can also gain appreciable tax benefits by opting for this rider.


Tata AIA Accidental Death and Dismemberment (Long Scale) Rider

The rider covers you and your family from the financial burden that occurred during the accidental death and disability of the insured.


Tata AIA Waiver of Premium Plus Rider

If the policyholder opts for this rider with Tata AIA term insurance, and in case of accidental death or disability arising to the life assured, future premiums are waived/cancelled until the end of the premium-paying term.


Tata AIA Benefit Protection Rider

When the policyholder adds the Tata AIA Benefit Protection Rider to the Tata AIA term plan, you can ensure that the death/ maturity benefits are paid to the nominee per the base plan.


Tata AIA OPD Care Rider

Tata AIA OPD Care Rider provides consultation benefits to you and your family. The rider also covers diagnostic tests, pharmacy expenses, and emotional and physical well-being.

Who Should Buy Tata AIA Term Insurance?

Tata AIA term life insurance plan secures you and your family from the twists and turns of life and ensures financial security in the event of the unfortunate demise of the life assured. Tata AIA offers various term plans for different individuals at an affordable price. The following are the suitable candidates for buying Tata AIA term insurance:

  • Young earners
  • Newlyweds
  • Young parents
  • Sole breadwinners
  • Entrepreneurs and business owners
  • Self-employed individuals
  • Senior citizens
  • Homemakers
  • Taxpayers
  • Retirement planners

How to Buy Tata AIA Term Insurance?

You can compare and buy Tata AIA term insurance plans from the official website of Tata AIA Life Insurance or RenewBuy.com. Here is the step-by-step buying process of Tata AIA term life insurance:

Buy from "RenewBuy.com"

  • Visit the official website of RenewBuy’.
  • Go to the “Life Insurance” section from the header menu.
  • Then, go to the “Life Insurance Companies” section.
  • Click on “Tata AIA Life Insurance”
  • Select “Tata AIA Term Plans”
  • Fill out the form that comes up on the next page.
  • Click on the “Buy Now” button.
  • A pop-up will show you the Tata AIA term plan details and the additional rider information.
  • Click on the “Proceed to Buy” button.
  • Make the online payment, and the policy documents will be sent to your registered email address.

Buy From the Official Website of Tata AIA Life Insurance

  • Go to the official website of ‘Tata AIA’.
  • Click the ‘Buy Term Plan’ option available on the header menu.
  • Fill in your details on the form provided, including your name and mobile number.
  • Verify the OTP received on your registered mobile.
  • Click on the ‘Check Premium’ button.
  • Check the policy and premium details and customize them to your needs.
  • Complete premium payment using the preferred mode of payment.
  • Tata AIA Life Insurance will send the policy documents to the email address you provide.

What is the Claim Process of Tata AIA Term Plan?

In case of the death of the life assured during the policy term, customers can file the claim by following the steps given below:


Visit the official website of Tata AIA Life Insurance.


Go to the ‘Where Do I’ option on the navigation bar and select ‘Claim Intimation’.


Provide the details on the required fields.


Download the claim forms and upload the duly filled form with the mandatory documents.


Tata AIA Life Insurance will verify the documents per the policy terms.


Upon successful verification, the claim will be processed, and the amount will be transferred to the bank account of the nominee/ assured.

Tata AIA term plan also offers express claim settlement under 4 hours, depending on the policy terms and conditions.

Tata AIA Term Insurance Customer Support

Customers can connect on the contact details below in case having any queries or require assistance regarding the Tata AIA term plan application/ claim process:

WhatsApp: 7045669966
Call: 1-860-266-9966 (For Indian Residents)
Email: customercare@tataaia.com
Dedicated NRI Helpdesk: 022 6251 9966
Corporate Office Address: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 400013