A pure term policy does not offer a money-back option since it is only designed to offer a pure risk cover or a death benefit. But in a term plan with return of premium, you can get a return of the premiums at the end of the policy term (on maturity).

With a Tata AIA term plan with return of premium, you can choose from the monthly, quarterly, half-yearly, annual and single premium payment frequencies.

If you are unable to pay the premium on your TROP until the end of the grace period, then your policy can be converted into a paid-up policy. Only once you pay all the unpaid premiums and revive your policy, can the plan become valid again.

Yes, you can calculate your term insurance premiums online with a term insurance calculator before you compare and buy a policy that is not only affordable for you but also meets your needs.

When compared to pure term plans that come with an extensive life cover and low premiums, a term plan with a premium return^* will be expensive. This is because a term policy with a return of premiums offers a life cover with returns on maturity, where the policyholder receives the sum of all the premiums paid.

If you are a woman policyholder or do not have any smoking habits, Tata AIA Life Insurance offers preferential premium rates on their term plan with the premium return option. However, if you do have smoking habits, you cannot avail yourself of any special premium rates.

To know the premium for a 1 crore term insurance, you should use a term insurance premium calculator. This online tool will help you choose a policy term and a premium paying term in accordance with your sum assured so that you can pay reasonable premiums to keep your policy active.

You can choose to have term life insurance cover for as long as you need to. While most term plans offer coverage for a limited number of years, Tata AIA Life Insurance term plans offer a whole life cover. Whole life term insurance coverage of up to 100 years of age^$ ensures that your family can be protected against life’s uncertainties for the maximum number of years.

A return of premium term coverage offers a life cover and also a 105% return of the total premiums* paid towards the policy on maturity. This coverage offers the dual advantage of death and  maturity benefits.

Yes, Tata AIA Life Insurance offers a term insurance plan with return of premium. You can take a look at the policy here.

Yes, there are rider** options available with term plans with a return of premium policy and you can add the ones you need to your policy for an additional premium. Tata AIA Life Insurance offers the following rider options

• Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN:110B033V02)
• Tata AIA Life Insurance Non-Linked Comprehensive Health Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN:110B031V02)
• Tata AIA Vitality Protect - A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V02)
• Tata AIA Vitality Health - A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V01)

Choosing between a term plan and a term plan with a return of premium will depend on your needs. A pure term plan is for those who only want extensive life cover protection from their policy with a death benefit.
 

However, if you want maturity benefits from your term plan, where the premiums paid on your life insurance will be returned to you on maturity, then a term plan with the premium return is a good choice.

You can file a claim with us through any of the following channels:

• Call our helpline number - 1860-266-9966 (local charges apply)

• Email us at: customercare@tataaia.com

• Visit us at any of our Tata AIA Life Insurance Company branch offices

• Write to us at:

The Claims Department,

Tata AIA Life Insurance Company Limited

B- Wing, 9th Floor,

I-Think Techno Campus,

Behind TCS, Pokhran Road No.2,

Close to Eastern Express Highway,

Thane (West) 400 607.

IRDA Regn. No. 110

Please click here to know the list of documents needed for the claim intimation and settlement process.

You, as a nominee, can file a death claim for a term plan with return of premium if and when the policyholder passes away during the policy term. You will need to present the appropriate documents and submit them to initiate the claim process.

If the nominee wants to file a claim from outside of India, they can upload copies of their documents online or send them to us by email. For the offline procedure, the nominee will have to mail the documents to their representative in India who can then visit any of our office branches to file the claim.

Yes, you can file the claim on your term insurance with return of premium at the same branch where the policy was purchased or you can visit any of the Tata AIA Life Insurance office branches to file a claim.

The eligibility criteria for availing of a term plan with return of premium can vary according to the plan you select. However, the minimum eligible age for getting a term plan with return of premium is 18 years while the maximum age for the same is dependent on the policy terms and conditions.

Yes, like any other life insurance policy, your smoking habits will affect your term plan premiums, be it a pure term plan or a return on premium term insurance. This is because smokers incur a higher risk in their lives as compared to non-smokers.

Yes, it is safe to purchase a term plan with a return of premium^* online. You should buy it from your insurance provider’s official website. This not only allows you to compare different policies but also safeguards your personal information. At Tata AIA Life Insurance, we ensure that your personal and financial information is never compromised.