Tata AIA 1 करोड़ का टर्म इंश्योरेंस

You can check our bestselling plan Tata AIA Sampoorna Raksha Supreme and InstaProtect Solution. With the seamless online buying journey, you can purchase the term plan without any hassle.

The Tata AIA Sampoorna Raksha Supreme offers 4 plan options, and you can choose one depending on your insurance needs. The plans options are - Life Option, Life Plus Option, Life Income Option, and Credit Protect Option.

A free look period of 15 days is applicable on the Tata AIA Life Insurance term plans purchased offline. The duration of the free look period is 30 days if the term plan has been purchased online.

Under Section 80C of the Income Tax Act, the 1 crore term insurance premium is eligible for tax deductions while the death benefits are eligible for tax exemptions under Section 10(10D).

Yes, irrespective of the coverage. Tata AIA Sampoorna Raksha Supreme Life Plus Option offers a 105% return of premium** on the total premiums paid at the end of the policy term, if the policy has not been surrendered and stays in effect until then.

The minimum entry age for purchasing a term insurance plan is 18 years.

If you have chosen a term plan with a policy term of 30 years, at the end of this tenure, your policy will end. During these 30 years, if you meet your untimely demise, the term plan will pay out the sum assured as a death benefit to your nominee or family, after which the policy will be terminated.
 

If you survive the policy term, a pure term plan that only offers death benefits will expire, and no returns or benefits will be payable.

Yes, Tata AIA Sampoorna Raksha Promise offers a 1 crore term plan with whole life coverage^~ till 100 years of age. 

When you buy a term plan, always ensure that the coverage is enough for your family’s future requirements. In case of a future medical emergency, apart from their basic essential needs, the term insurance should be able to cover such costs.
 

Here, the sum assured from a one crore term insurance policy can offer sufficient financial support to your beneficiaries in case of your demise during the policy term.

You can enhance your 1 crore term policy with one or more the following riders^{^}:
 

1. Tata AIA Vitality Health- A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V02)
2. Tata AIA Vitality Protect - A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V02)
3. Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN: 110B033V03)
4. Tata AIA Life Insurance Non-Linked Comprehensive Health Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN:110B031V03)

No, if you add optional riders to your one crore term plan, an additional premium will have to be paid for each of the riders added. This premium will be over and above the premiums paid for the base policy. 

You can choose from a range of different optional riders to your one crore term insurance. Tata AIA Life Insurance offers various riders^{^} that cover critical illnesses, terminal illnesses, major and minor conditions and injuries, hospitalisation, accidental death and others.
 

Depending on what risks you want to be protected against, you can choose one or more riders for an additional but nominal premium.

You can increase your term plan coverage with the Life Stage Option^~ and increase your cover at every important milestone in your life that calls for greater insurance protection.

You can purchase a one crore term plan at any age, as long as you meet the eligibility criteria of being between 18-60 years of age. While you can go for a higher term insurance coverage, a one crore term plan is optimal as it allows you to maintain affordable and low premiums, which is also possible if you purchase such a policy at a younger age. 

To calculate your 1 crore term insurance premium, you can simply use our 1 crore term insurance premium calculator. This online tool is free of cost and is available on our website.

Buying term insurance at an early age can help you avail of lower premiums on your term plan. This is because young age is associated with lower health risks; hence, the premiums will also be low. That way, you can lock in lower premiums even if your sum assured is high.

You can purchase the best term insurance plan for 1 crore whenever you need life insurance coverage. In the case of a high coverage term plan such as a one crore term insurance plan, you should purchase a term insurance plan when your annual income enables you to pay the premiums. This will ensure that you have uninterrupted life insurance coverage for your family and that your policy does not lapse due to the non-payment of premiums.

Your term insurance coverage should be 10 times your annual income. That way, you will be able to pay affordable premiums and avail of sufficient coverage for your family’s needs. If you are planning for higher coverage in your term plan, ensure that your annual income enables you to pay all the premiums on time.

To use a 1 crore term insurance premium calculator, visit the official Tata AIA Life Insurance website and provide a few essential details as indicated on the calculator. Once you submit these details, you can take a look at the 1 crore term insurance premium quotes and proceed to choose a suitable plan.

The premium payment frequencies for a Tata AIA Life Insurance a 1 crore term insurance plan are annual, half-yearly, quarterly, monthly and Single Pay.

Yes, women policyholders who purchase 1 crore term insurance plans from Tata AIA Life Insurance can avail of affordable term plan premium rates.

Yes, at Tata AIA Life Insurance, you can choose a term plan that offers the flexibility of paying your premiums as limited pay, regular pay, or single pay.

If you stop your premium payments and cross the expiry date, Tata AIA Life Insurance offers a grace period of 15 days (for monthly frequencies) 30 days (for yearly and half-yearly frequencies). If you cannot make the payment within this period, the policy will lapse, and you and your family will not be able to gain any benefit from the plan.

The premium you pay for 1 crore term insurance will depend on your policy term and your premium paying term. If you have a short policy term of about 10-15 years where the premium paying term is equal to or less than the policy term, your premiums will be higher. With a longer policy term of about 25-35 years and a corresponding premium paying term, your premiums may be lower.

The claim settlement ratio of a term insurance provider helps you understand if they will be able to settle your claims effectively and on time. A high claim settlement ratio indicates that the term plan provider has settled maximum claims in a financial year out of all the claims they have received. Tata AIA Life Insurance has a claim settlement ratio of 99.01% for FY 2022 – 23².

If you want to know about the documents needed for the claim intimation and settlement process of a 1 crore insurance cover, please visit our claim settlement page. 

If you want to file a claim with us for a one crore term plan, you can choose any of the options below –
 

• Register a Claim online on our website

• Send us an email at: customercare@tataaia.com

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

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

• Write to us at the below address:

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

You can file the following claims with Tata AIA Life Insurance for a 1 crore term insurance -

• Death claim

• Hospitalisation and dismemberment claim

• Natural calamity claim

• Death of Payor claim

• Critical illness and disability claim

• Cashless and reimbursement claim

If you purchase a Tata AIA Life Insurance 1 crore term insurance, all types of deaths can be covered. However, it is important to provide all the correct details when filling out the insurance form and while filing the claim, failing which the claim process could take a long time.