Q: How can I check policy status for Tata AIA Term Insurance Plans? Tata AIA Life Insurance Sampoorna Raksha 50 lakhs, while there is no upper limit. Written By: PolicyBazaar - Updated: 23 December 2020. The option enables the policyholder to increase the Sum Assured during the tenure of the plan up to a maximum of Rs.50 lakhs at important milestones of the insured’s life like marriage and childbirth. For new policyholders they must register on the website and proceed with the same steps. You obviously have the option of lapsing the policy by stopping the premium payments. Fixed premium – No matter what length you take the plan for, your premium will be fixed throughout, and so you don’t have to appear for medical tests, etc during the policy tenure and have the premium increased. Tata AIA Term Plans offer a range of features such as death cover, tax benefits, extended life coverage and more. The Tata AIA Life Guaranteed Monthly Income plan is a non-linked, non-participating life insurance plan. Term Insurance Plans & Protection Solutions in India - Tata AIA Life Insurance. The maximum tenure for these plans is 40 years. Life Insurance (Term Plan) in a Need and yes TATA AIA is helpful here. It ensures the financial security of the family in case of any uncertainty. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. The product information for comparison displayed on this website is of the insurers with whom our company has an agreement. Individuals who apply for a Tata AIA Term Insurance plan must either be self-employed or salaried. The Tata AIA Life Sampoorna Raksha plan is a pure term insurance plan that secures the financial future of one’s family in the event of an untimely death.The plan offers flexibility in terms of the payment of policy proceeds. Tata AIA Life Insurance Company is a joint undertaking by Tata Sons Ltd. and AIA Group Ltd (AIA). Besides, you can meet your goals like Child’s Education, Marriage, or Retirement planning, with this insurance plan. For online payment mode, the policyholder can pay via; Alternatively, the policyholder can pay in cash or drop cheque at any of the payment collection centers or dropboxes mentioned on the Tata AIA website. **Discount is offered by the Insurance company as approved by IRDAI for the product under File & Use guidelines #On the basis of your profile, CIN: U74999HR2014PTC053454 Policybazaar Insurance Brokers Private Limited (formerly known as Policybazaar Insurance Web Aggregator Private Limited) Policybazaar is currently registered as a Web aggregator by IRDAI. The death benefit payable will be the amount higher of the Sum Assured or 10 times the annual premium or 105% of total premiums paid till the date of death for regular premium payment option and higher of Sum Assured or 125% of the Single Premium paid under the Single Premium payment option. What are the modes of payment available? This product is underwritten by Tata AIA Life Insurance Company Ltd. Tata AIA Life Insurance. You have the option of choosing your sum assured based on which the policy term … One of the best ways to do this is through Term plans, the purest form of our insurance. 100% of premiums paid are returned at maturity. The term insurance plans of Tata AIA Life InsuranceCompany are the best term insurance plan in India. Return of premium – You can offer to pay higher premiums and opt for a return of premium plan, where at the end of the policy period, the premium would be returned to you if you survive. Flexibility – Since term plans are bought for a specific term, you can choose for how long you want to stay covered and how much you want the sum assured to be. This is applicable under Section 80 C and 10 (10 D) of … Get an online discount of up to 10% when you buy online. Here you go: Tax benefit. I too have done this insurance policy, thats ' why I can tell you better of this product. Claims are are good and the payback amount is around Rs.34 L after the policy get mature. The compensation provided by a term insurance plan may help a family avoid the financial turmoil associated with the loss of the primary earner. The maximum entry age in the same case is 60 years. Features and Benefits of TATA AIA Life Insurance. A 15 day free look period is applicable for manually purchased policies while 30 day is applicable for policies purchased online. From the above mentioned points, we can clearly see that the advantages overwhelmingly outweigh the disadvantages and so you must most definitely get a term plan today if you haven’t done so already. Term insurance plans are offered by almost all insurers in the market. Features & Benefits of Tata AIA Life Insurance MahaLife Gold Q: How to pay premium? Tata AIA Sampoorna Raksha + Plan is a non-linked, non-participating pure term life insurance plan that provides returns of the premium on maturity. The tata aia term plan is wonderful with huge benefits like low premiums and the policy coverage is high 87%. The death benefit is higher of Sum Assured chosen or 10 times the yearly premium or 105% of premiums paid till death or the total premium paid till death. There is an inbuilt Payout Accelerator Benefit which pays 50% of the Sum Assured immediately if the insured is diagnosed with a terminal illness during the tenure of the plan. Tata AIA Life Insurance Maha Raksha Supreme is a non-participating Term Insurance plan that aims to protect the family in the event of premature death of the policyholder by providing financial support.. Key Features . Choose best suitable protection plan for you and your family. Now with every Term Plan you purchase from us, we will plant a sapling on your behalf. The details of the plan are: The following table illustrates sample rates of premium for different premium payment terms and different ages. Tata AIA iRaksha TROP is a term insurance plan that provides the dual benefit of life insurance cover and return of premium. The policyholder can register claims by submitting their request at the customer care helpdesk or via an SMS. So, you not only protect your family, but … CUSTOMER SERVICE TEAM. The Tata AIA Life Insurance MahaLife Gold is a participating whole life plan which provides life cover up till the ripe age of 85 years in exchange for a limited premium payment term. Tata AIA Life Insurance Freedom Plan is a non - linked participating endowment plan which enables the policyholder to gain guaranteed additions in order to enhance and boost his/her savings. The premium will be determined using the filled details. Rebates in premiums are also allowed for choosing high Sum Assured levels. Non-smokers are given preferential rates of premiums for maintaining a healthy lifestyle. Upon receiving the correct documents, the deposited amount is credited into the policyholder’s bank account as per the company’s records, and the policy is cancelled. The Tata AIA Group Term Life Insurance Plan can be reinstated at any time during the policy tenure. A pure term plan which allows enhancement of the Sum Assured at important milestones of one’s life. There are dedicated offices at certain locations to directly file the claims. The features of the plan are as follows: The table illustrates the sample rates of premium payable by males and females depending on their smoking habits. Sign up our newsletter and get email about term plans. If you did not then you can do now by contacting customer helpdesk at the same toll free number. The plan is available online and it can be bought from anywhere just by visiting the company’s official website, Death benefit payable will be higher of the Sum Assured or 10 times the annual premium or 105% of total premiums paid till the date of death. Insurance cover is available under this product. Tata AIA Life Insurance Sampoorna Raksha: A term insurance plan that ensures complete financial protection for your family. Investment Plans November 18, 2020 With Tata AIA Guaranteed Return Insurance Plan, you can get a protection cover for you and your loved ones. A minimum guaranteed surrender value is equal to the sum of guaranteed surrender value and the surrender value of any subsisting bonus. If you are not happy with the policy, you can return the policy with 15 to 30 days of its purchase. To check our term insurance plans … This plan is not a guaranteed issuance plan and it will be subject to Companyâs underwriting and acceptance. All Rights Reserved.. See how age affects Term Insurance Premiums. The plan offers life cover for a policy term of up to 40 years or to 80 years of age and also gives you the option of enhancing your insurance cover with optional riders. Simply log into the portal and follow the link that leads to secured payment process. Later in March 2017, Tata AIA joined hands with Tata Teleservices and launched m-insurance. This makes it possible for people of all financial levels to have life insurance. Every call happens on recorded lines to ensure unbiased advice & No misselling. 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