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Why opt for a term plan?
Gift yourself and your family the best term insurance plan that offers complete financial security, designed for people just like you.
One Term Plan. Multiple Benefits.
What makes Tata AIA’s Term Insurance Plan Unique?
We offer customised solutions that enables you to protect the smiles of your loved ones.
Whole Life Coverage
Get whole life cover up to 100 years of your age3
Get Your Premium Amount Back
Receive a 100% return of premium4 with the Life Promise Plus plan option
Flexi Pay Benefit
The FlexiPay Benefit5 allows you to defer premium payments for up to 12 months, offering temporary financial relief.
Milestone Discount
Get additional 2% discount6 (up to Rs. 500) on first year premium for first jobbers, newly-weds, new parents and recent homeowners.
Lower Premium Rate for Women
Get a 15% discount on premiums if you are a female policyholder.
Save Tax Up to Rs 46,800
When you buy a term insurance plan, you can avail tax** benefits as per the applicable Income tax laws and save up to Rs. 46,8007 annually.
Digital + Salaried Discount
Get a 10% digital discount8 plus an additional 5% salaried discount11 for salaried individuals on your first-year premium!
Instant Claim
Get instant payout of ₹3 lakh on claim intimation9 offering temporary financial relief.
Tata AIA
A name you can count on
99.13%
Individual Death Claim Settlement Ratio10
4 Hours
Express Claim Settlement2
T&C Apply2
500+ Branches
Presence across major cities in India
77 Lakhs+
Families protected so far12
Voive of Happy Customers
Prashant Kumar Das
I, Prashanta Kumar Das, had visited the Siliguri Branch to receive clarifications on some points about my policy. I am glad to say that Avisek Talukdar has clarified all my doubts and answered all my queries satisfactorily.
I am very happy with his excellent service.
Amlan Mukherjee
Dear Amit, I received one of the most excellent services rendered by an insurance company, just via WhatsApp and emails, and I truly appreciate it.
You have gained a new customer who will refer all his friends to Tata AIA. Keep it going and I wish you all the best for the days to come.
Sohini Saha
I want to appreciate the support of Monomay & Subrata even though they were working from home during the locked down phase. I really appreciate the support and the effort of the team to take extra steps to resolve my issue. Keep up the great work.
Tapas Rajderkar
I am an NRI, residing far away from the Branches and offices of Tata AIA, and living in a different time zone. However, I have never felt short of any services, as Riddhi has always been very prompt and responsive.
I feel that I have someone to represent me. Thank You Riddhi!
Frequently Asked Questions
What is a term life insurance plan?
A term insurance plan is a type of a life insurance that provides comprehensive coverage to safeguard the financial future of your loved ones. In case the policyholder passes away during the policy term, the nominee will receive a death benefit amount.
Term Insurance plans are affordable, and the premium amount is less if you buy at a younger age. Term insurance plans are a must-have for anyone who is a breadwinner for their family and has loved one’s dependent on their income.
Who should consider buying a Term Insurance Plan?
A Term Insurance Plan is ideal for:
- Individuals looking for a simple and affordable insurance plan to secure their family's financial future.
- Have dependents like a spouse, children, or aging parents to take care of.
- Those who want to cover financial liabilities like a home loan, education loan, or any other debts.
What are the key features of a Term Insurance Plan?
- Affordability: A term premium plan is affordable if purchased early. With increase in age, the premiums may also increase hence it is suggested to buy a term plan as early as possible to secure the financial future of your family.
- High Sum Assured at Lower Premiums: You can choose a high sum assured at a relatively low premium, thus ensuring that your family’s future is secured.
- Flexible Premium Payments: You can select the policy term and the premium payment term based on your financial needs.
- Tax Benefits: Premiums paid for term insurance plans are eligible for income tax3 benefits under Section 80C of the Income Tax Act, and the death benefit is usually tax-free under Section 10(10D).
Disclaimer
- Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V01)
- *Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹ 1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.
- **Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
- 1Applicable to large sum assured. For more details, please refer discount table in product brochure.
- 2Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of Rs. 50 lakhs. Applicable for branch walk in. Time limit to submit claim to Tata AIA Life Insurance is 2 pm on working days. Subject to submission of complete documents. Not applicable for ULIP policies and open title claims.
- 3Not applicable under PoS, please refer sales brochure for more information
- 4Under Life Promise Plus Option, an amount equal to the 100% of the Total Premiums Paid (excluding loading for modal premiums) shall be payable at the end of the Policy Term, provided the life assured survives till maturity and the policy is not terminated earlier.
- 5With FlexiPay Benefit, policyholder is allowed to defer the due premium for a period of 12 months while maintaining the full risk cover under the base plan and attached riders. At the end of Premium Deferment period, the policyholder is required to pay the due premiums, including the premium applicable for the period of Premium Deferment, i.e. the base cover premium and additional premium (if any). | This benefit shall be available for multiple times with a gap of 5 policy years from the expiry date of previous Premium Deferment. The option can be exercised only after payment of 5 full years premium. | No interest shall be levied on the premium due during the Premium Deferment period. If the premiums due are not paid within the grace period after expiry of the Premium Deferment, the Policy (including Rider(s), if any) shall lapse and no benefits shall be payable in the Policy or the Rider(s), if any) and company shall be entitled to recover the same from any amounts or This benefit payable under the Policy or Rider(s).
- 6This product offers an additional first year premium discount of 2% for Limited/Regular Pay and 0.5% for Single Pay on reaching any one of the below mentioned life milestones:
- Marriage - if policy is purchased within 6 months before or after the date of marriage
- Childbirth/adoption - if policy is purchased within 6 months before or after the birth/adoption date
- First job - if policy is purchased within next 6 months of the joining date
- Home loan - if policy is purchased within next 6 months of the loan getting sanctioned
- 7Tax benefits of up to ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000 as per old tax regime. Tax benefits under the policy are subject to conditions laid under Section 80C, 80D,10(10D), 115BAC and other applicable provisions of the Income Tax Act,1961. Good and Service tax and Cess, if any will be charged extra as per prevailing rates. The Tax-Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
- 8Tata AIA Sampoorna Raksha Promise offers first year digital discount of 1% for Single Pay, 10% for Limited Pay/Regular Pay.
- 9With this feature, instant death benefit of INR 3 Lacs from the Sum Assured will be paid within 1 working day from the claim registration date. This feature is applicable only after a waiting period of 3 policy years from the policy inception or revival of the policy and provided the policy is in force. The remaining sum assured shall be payable post the completion of the claim investigation. Further, in case of any discrepancy in the claim investigation resulting in the final decision of non-payment of the claim, the company reserves the right to recover the already paid amount. The acceleration of instant claim should not be construed/interpreted as acceptance of the claim.
- 10Individual Death Claim Settlement Ratio is 99.13% for FY 2023 - 24 as per the latest annual audited figures.
- 11This product offers first year discount of 5% for Limited Pay/Regular Pay and 1% for Single Pay to salaried customers.
- 1277,26,727 families protected till 31st March 2023.
- This product is underwritten by Tata AIA Life Insurance Company Ltd.
- Insurance cover is available under this product.
- In case of non-standard lives, extra premiums will be charged as per our underwriting guidelines.
- Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/ branch.
- This plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.
- For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
- Premium will vary depending on the option chosen
- Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs, and the Surrender Value payable may be less than the all the Premiums Paid.
- In case of POS variant, the product is available with/without medical underwriting as per BAUP (Board Approved Underwriting Policy)
- L&C/Advt/2024/Aug/2366
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint
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