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Claim Settlement Ratio

Claim Settlement Ratio (CSR) shows how many life insurance claims an insurer settles out of total claims received. This is calculated using the formula: Read more Total Claims Settled x Total Claims Received x 100. A high CSR shows an insurer's reliability and commitment to honouring claims, ensuring policyholders' families are provided with timely financial support. Thus, CSR serves as an important indicator of trust and credibility when choosing a life insurer. Read less

Claim Settlement Ratio (CSR) shows how many life insurance claims an insurer settles Read more out of total claims received. This is calculated using the formula: Total Claims Settled x Total Claims Received x 100. A high CSR shows an insurer's reliability and commitment to honouring claims, ensuring policyholders' families are provided with timely financial support. Thus, CSR serves as an important indicator of trust and credibility when choosing a life insurer. Read less

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Claim Settlement Ratio

Get timely and effective claim settlement with Tata AIA Assurance

Claims settled under 4 hours^~

Doorstep claim service with Easy Claim

99.41% Individual Death Claim Settlement Ratio

²T&C apply

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What is a Claim Settlement Ratio?

Claim settlement ratio is defined as how many claims an insurance company settled out of all claims they received in a financial year. As a result of insurance claim settlement ratios, you can usually tell whether a company is reliable or not when it comes to settling claims.

Usually, a higher ratio means that your claim will be settled on time. Therefore, the claim settlement ratio is an important indicator of an insurer's credibility since it indicates the likelihood of your claim being settled promptly and effectively.

You can find the claims settlement ratio of insurance providers on the official website of the Insurance Regulatory and Development Authority of India (IRDAI). Tata AIA Life Insurance can protect your family from a wide range of financial risks and emergencies by settling your claim on time.

Tata AIA Life Insurance aims to provide a stable record of CSR, with consistent Individual Death Claim Settlement Ratios in each of the past four years, with 98.02% in FY 2020-21, 98.53% in FY 2021-22, 99.01% in FY 2022-23, 99.13% in FY 2023-24 and 99.41% in FY24-25. This gives assurance to policyholders and their families of getting dependable financial security in a tough time.

Tata AIA Life Insurance plans for speedy claim settlement

Tata AIA

Sampoorna Raksha Promise

Term Plan

Plan Benefits

Get ₹1 Cr life cover at ₹501/month⁴
Up to 18.5% discount (1st year premium)⁵
Get 100% premiums back⁶

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Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N176V06)

Tata AIA

Fortune Guarantee Plus

Savings Plan

Plan Benefits

Get 100% Guaranteed⁷ & Tax-free⁸ benefit
Enjoy long term income
Get cover against 40 critical illnesses⁹

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Non-Linked, Non-Participating, Individual Life Insurance Savings Plan (UIN: 110N158V14)

Tata AIA

Param Raksha Life Pro +

Wealth Plan

Plan Benefits:

High life cover for comprehensive protection
32.27% returns of Tata AIA Multi Cap Fund (Benchmark: 24.05%)¹⁰
Invest in funds rated 4 or 5¹¹ by Morningstar¹
¹⁰5-year returns as of 31st March 2025.

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We have consistently improved our Claim Settlement Ratio over the years and these consistent figures highlight our unwavering commitment to settling claims promptly and efficiently.

Why is a claim settlement ratio important?

When you purchase a life insurance policy from a life insurance provider, there are several factors you look at, such as the company’s offerings, the reviews by other customers and so on. However, the life insurance claim settlement ratio is the primary factor that should be researched and looked into when selecting a company as your life insurance provider.

Here are two important reasons why the claim settlement ratio can help you decide whether you should purchase your policy from the life insurance provider of your choice:

01

Reliability

An insurer with a high claim settlement ratio is more likely to pay out the sum assured to the nominee if the policyholder dies during the term. Therefore, if a company has consistently presented the highest claim ratio as a result of successful settlements, that means they can be trusted with their life insurance policies.
02

Financial security

A life insurance policy provides financial security to your family in the event of your untimely death. If the claim has not been settled, the sum assured cannot be utilised. To be certain that your insurance provider is trustworthy and can settle the claim, the life insurance claim settlement ratio is important.
03

Insurer cooperation

A high claim settlement ratio also indicates an insurer's willingness to cooperate with beneficiaries during difficult times. This shows that genuine claims will be honoured promptly and transparently without burdening grieving families.
Families feel supported when they know their claim won't get rejected for minor technicalities, reducing emotional stress. Check the past as well as current claim settlement ratio before you buy a plan, since it shows how committed the insurer is to providing timely financial assistance.
04

Provides support during the claims process

Having a high claim settlement ratio doesn't just mean that claims are approved; it also indicates that the process is efficient and supported. A company with a high CSR usually has streamlined systems, trained staff, and responsive claims assistance.
It ensures that nominees are guided properly, documentation issues are resolved quickly, and claims are processed without unnecessary delays. Family members experience a smoother experience in the midst of tough times when such support is provided.

How is claim settlement ratio calculated?

The calculation of the claim settlement ratio of your insurance provider is quite simple, and the figure can be arrived at with the help of the following formula:

Claim Settlement Ratio (CSR) = (Total number of approved claims / Total number of received claims) x 100

The arrived figure is always represented as a percentage. Hence, when a life insurance provider has an insurance claim settlement ratio of 90%, in simple terms, it means that the company has settled 90 claims out of the 100 claims they had received. A high percentage, such as the Tata AIA Life Insurance individual death claim settlement ratio of 99.41%¹ in the FY 2024-25, is an indication of the company’s reliability.

A reputed life insurance provider not only honours claims within the regulatory Turn-Around-Time (TAT) but also ensures a smooth and convenient process. This makes it easier for customers to file their claims promptly . Insurance companies can also choose to disclose the total amount paid in claims and the number of policies successfully settled.

What is a Good Claim Settlement Ratio?

When a life insurance provider has a claim settlement ratio of 90% or above, it is generally considered to be a good claim settlement ratio. This is because 90% is an indication that the insurance provider has settled 90 of the 100 claims they have received during a financial year.

Every year, the insurer's claim settlement ratio changes based on how many claims they have successfully settled. An insurer that settles over 95% of claims consistently demonstrates strong financial reliability to buyers.

It's important to consider other things before choosing an insurance policy, like claims processing time, online reviews, sum assured offered, and premium amount.

Factors That May Influence Your Claim Settlement

Concealing Information

Many people tend to hide information to receive their claims without providing proof. However, this can raise suspicion and lead to an investigation. By the end of the investigation the claim can be rejected if the policyholder's fraud is revealed and will negatively influence the insurance company's Claim Settlement Ratio.
Ignorance By the Policyholder

Spend some time understanding the terms and conditions of the insurance policy properly. If you are unable to receive your claim settlement because you could not understand any of the policy exclusions, it leads to claim rejection.
Not Disclosing Facts

If you, the policyholder, hold back or hide important information that could affect the claim process in any way, it will be considered as a case of fraud. Since such an instance prevents your insurance company from settling your claim.
Error In Updating Nominee

In case of your untimely death, your insurer will help your nominee receive the death benefits through the due process. However, if you have been unable to update the correct nominee details or mention any changes, the insurer will not be able to help your nominee.
Consistent claim settlement ratio

A consistent Claim Settlement Ratio (CSR) is important because it shows the reliability and stability of an insurance company to honour claims over time. If a CSR is high or stable year after year, it indicates that the insurer has a history of paying out claims quickly and fairly for its policyholders. This can be beneficial for those looking for financial security for their families. A consistent and high term insurance claim settlement ratio may also indicate that the insurer has an efficient claims processing system and transparent policies.
Choosing the Right Insurer

Choosing the insurer affects your Claim Settlement Ratio. Insurers with a higher CSR are more reliable and process claims quickly. If you choose an insurer with a lower CSR, you might face delays or higher claim rejections. It’s important to look at the CSR, customer service, and how easy it is to make a claim when selecting an insurer. A higher CSR generally means a smoother experience during claims.
Premiums Not Paid

Life insurance covers you and your family when you pay your premiums on time. When you miss a premium payment, there are provisions such as the grace period and policy revival to help you continue the life insurance coverage. In the case of unpaid premiums, it can affect the coverage benefits and even result in the claim being denied.
Expired policy

Letting your policy lapse puts your family's financial security at risk. Although you can revive the policy, subject to the policy terms and conditions, a slight delay or sudden emergency can cause quite a lot of problems when your nominee files the claim. A lapsed policy can't get any benefits if it hasn't been revived.
Hidden Medical Details

If your medical records are misrepresented or missing, your claims may be rejected. Hiding your smoking habits may result in lower premiums, but it always leads to claim rejection. Any medical condition should be disclosed to your insurance company when you purchase the policy.

Claims settlement ratio of TATA AIA Life Insurance

An insurance company's claim settlement ratio is an important consideration before choosing an insurance provider, as it reflects their credibility and integrity. The claim settlement ratio of the last five years of Tata AIA Life Insurance is shown below.

Financial Year	Claim Settlement Ratio (CSR)
FY 2020–21	98.02%
FY 2021–22	98.53%
FY 2022–23	99.01%
FY 2023–24	99.13%
FY 2024–25	99.41%

Types of Life Insurance Claims

Maturity claims and death claims are the two types of claims that you can file under a life insurance policy.

Death Claims

Under a life insurance policy, a death benefit is paid out to your family members, or the nominee/nominees named in the policy if you pass away during the policy term. Your nominee will be required to produce a set of documents requested by the company as proof of your death, such as the death certificate, doctor’s certificate and so on. The death benefit ensures that your family can sustain themselves financially in your absence.
Maturity Claims

A lot of life insurance policies, such as savings plans, retirement plans, ULIPs and endowment plans, come with maturity benefits which are paid out according to the policy once it matures. When a life insurance policy reaches its maturity date and the policyholder is alive, the insurer pays the maturity benefit as per the policy terms.

How much time does it take to receive an insurance claim payout?

If your beneficiaries fill out the right forms and file a claim quickly, they'll get their claim payout more quickly. If the information is accurate, an insurance company usually pays the claim within a couple of weeks.

Here are the ideal conditions:

A life insurance policy is in force for at least three years
All premiums have been paid for the insurance policy
Cause of death isn't suspicious

It can take longer to get your payment if you delay filing your claim. Anyhow, a life insurance company should pay out a death claim within 120 days.

How to choose an insurance company in India with the best claim settlement ratio

From a policyholder's perspective, insurers with higher claim settlement ratios are better. It's because the higher number means there's a higher chance of claims being approved for the nominee/policy beneficiaries who filed a claim after the policyholder dies. Here are some things to consider when choosing an insurance company in India with a high claim settlement ratio:

Use IRDAI annual report data

IRDAI mandates that insurers publish quarterly and annual records of claims received, settled, and rejected on their websites. In the IRDAI Annual Report, all insurers in India provide this information. You can use this source as an authentic source to check the claim settlement ratio of different insurance companies for free.

Check the number of claims

Check the number of claims settled by the insurance company in a particular financial year. An insurer that processes more claims and maintains a high settlement ratio is preferred over one that processes fewer claims. Try to check the claim settlement ratio of the last 10 years.

Check the claim settlement time

Check how many claims the insurance company has resolved in a year. Insurers that handle a lot of claims and have a high settlement ratio are better than those that don't.

Read customer reviews

Find out what other consumers have to say about their experience with the insurer, especially concerning claim settlement. A positive review indicates that the insurer can provide a hassle-free claim settlement process.

Customer support

Choose a company that offers easy access to customer service through a variety of methods. In this way, you can reach out to them for any future questions.

Documents Required for Life Insurance Claims

Documents for death claim

Claim form
Death certificate
Photo identification proof of the nominee

Current address proof of the nomine
Cancelled Cheque of the nominee
First Information Report
(in case of a claim due to an accident)
Post Mortem Report (if conducted)
Discharge summary / Death summary
(in case of hospitalisation)
For NRI customers

FATCACRS self-certification forms—Individual
FATCACRS self-certification forms—Non-Individual

Note: Tata AIA may ask for other documents, which are required on a case-by-case basis.

Documents for health claim registration

Mandatory documents

Claim form
Final Hospital Bill
Cancelled Cheque (Insured)
Photo identification proof of the Insured
All the related clinical reports about the claim event
ID/Address proofs

Acceptable ID/Address proofs

Accidental hospitalisation

MLC / FIR
First Immediate Consultation notes post-accident.
Critical illness

Report confirming the diagnosis of critical illness as per listed illnesses (Definition fulfilling document)
Attending Physician’s statement as applicable
Disability & Dismemberment

MLC/FIR
Attending physician’s statement confirming the permanent disability of the insured as applicable
Terminal Illness

Life expectancy certificate from two (2) independent Medical Practitioners specialising in the treatment of such illness, mentioning the irreversible terminal medical condition suffered by the insured and that is expected to result in the death of the insured within 6 months of diagnosis.

Certificate / Report specifying the terminal stage with all hospitalisation records & diagnostic reports.

Things to remember

Documents for hospitalisation & dismemberment claim

Mandatory documents

Claim forms
Copies of hospital bills for the confinement & copies of all related clinical reports about the claim event
Attested true copy of Indoor Case Papers of the hospital
Discharge summary of present and past hospitalisations
Photo identity of life assured with age and address proof
Bank details of the claimant
Medical examination certificate
All related clinical reports pertaining to the claim event
- Laboratory test reports
- X-Ray / CT Scan / MRI reports & plates
- Ultrasonography report
- Histopathology report
- Clinical / hospital reports
- Angiography reports & plates
- Certificate of Diagnosis
- All follow-up consultation notes in relation to the hospitalized condition
- All police reports / First Information Report & Final Investigation Report
- Proof of accident - Panchnama / Inquest report
- Newspaper cutting / photographs of the accident, if available.

Acceptable ID/Address proofs

Things to remember

Critical illness and disability claim

Mandatory documents

Claim Forms
- For Disability:
(Part I: Claimant's statement)

(Part II: Physician's statement)
- For Dismemberment:
(Part I: Application form for dismemberment (life assured's statement))

(Part II: Dismemberment claim form (attending physician's report))
Attested true copy of indoor case papers of the hospital
Discharge summary of present and past hospitalizations
Photo identity of life assured with age and address proof (list of acceptable ID and address proofs of claimant)
Bank details of the claimant – Cancelled cheque (with printed name and account number) / bank passbook and NEFT form
All related medical examination reports
- Laboratory test reports
- X-Ray / CT Scan / MRI reports & plates
- Ultrasonography report
- Clinical / hospital reports
A disability certificate by the attending physician/institute for the disabled
Rehabilitation certificate, if applicable
Employer's written confirmation / statement — for disability claim
Clinical photographs showing the injured areas, if available

Acceptable ID/Address proofs

Natural calamity claim

Valid records/proof showing death of the insured member due to floods, cyclones, or other natural calamities.
Claimant’s Statement (to be filled by nominee) with bank details of the nominee.
Photo ID, Address proof of the nominee and Relationship proof of the nominee with the insured.

Acceptable ID/Address proofs

Things to remember

Death of payor

Mandatory documents

Claim form

D ownload Death Claimant Statement in other Language
Death certificate
Photo identification proof of claimant

Photo identification proof
Current address proof of claimant
Cancelled Cheque of claimant

(ensure name and account number is printed on cancelled cheque with copy of bank passbook / bank statement).
First Information Report

(in case of claim due to accident)
Post Mortem Report

(if conducted)
Discharge summary / Death summary

(in case of hospitalisation)
For NRIs Customers
1. FATCACRS self-certification forms—Individual
2. FATCACRS self-certification forms—Non-Individual
Note: We may ask for other documents, which is required on a case-by-case basis.

Acceptable ID/Address proofs

Things to remember

Download form to claim online

Doorstep claim services

With our easy claim initiative, you can call our helpline to schedule an appointment for claim service at your doorstep. Our agent will visit your residence and help in completing the documentation and quickly initiate the claim process.
4 hour claim settlement

With our Express claim service, the beneficiary can submit the necessary documents with our agent who will initiate the claim process and ensure that the claim amount is received within 4 hours². | ²T&C apply.

Original Policy Document
Nominee’s Photo ID
A cancelled blank cheque
Medical Records
Attending Physician’s Statement
Duly Filled Claim Form
Nominee’s Bank Account Details
Copy of Bank Statement
Policyholder’s Death Certificate issued by the local authority
Treating Doctor’s Statement

Reasons for Life Insurance Claim Rejection

A life insurance claim rejection is not a desirable outcome. When you have life insurance, the death claim serves a valuable purpose. Maturity claims can be used primarily to fulfill financial goals, but death benefits will provide financial support for your family in the event of your death. Find out why a life insurance claim is rejected in order to prevent it from getting rejected:

Know the resonse why claim settlement get rejected

Incorrect information

Any document you send to the insurance company needs to contain the right information. All spellings, dates, and other details should match your official documents and identity proofs. A truthful disclosure of your lifestyle and health records is also required. Your nominee's information should be accurate so they do not face any difficulties when filing their claim.
Unpaid premiums

Paying your premiums on time is crucial to receiving life insurance coverage for yourself and your loved ones. If you fail to pay the premiums, there are provisions such as the grace period and policy revival to help you activate your policy and continue coverage. Even so, it is always better to pay your premiums on time, since an untimely death, coupled with unpaid premiums, can affect your coverage benefits.
Lapsed policy

Letting your policy lapse is just as risky as not paying your premiums. You can revive the policy, subject to the policy terms and conditions, but a slight delay and sudden emergency can cause quite a lot of problems when your nominee attempts to submit a claim. Lapsed policies cannot be eligible for benefits if they have not been revived. In order to prevent this, you should not let your policy lapse.
Medical details

It is common for claims to be rejected due to misrepresented, missing, and incorrect medical records. The act of hiding your smoking habits can lead to lower premiums, but it almost always results in claim rejections. Make sure your insurance company knows about any medical conditions you have, past or present, when you purchase the policy or whenever they are diagnosed. If you do this, your insurance company and policy may support you in any way possible to ensure your claim is not rejected and that you receive all the benefits you are entitled to.
Undisclosed hazardous occupation or hobby

A policyholder's occupation and hobbies are also taken into account by insurers when assessing risk. It is important to disclose high-risk jobs like mining, aviation or firefighting, as well as hobbies like skydiving, mountaineering, or deep-sea diving.

It is possible for claims to be rejected later on if certain information is omitted or misrepresented. When insurers receive honest disclosures, they are able to properly assess risk and price policies fairly, ensuring that your family is able to receive the claim amount.
Exclusion-related claims

Life insurance policies contain exclusions (situations in which claims are not payable). The most common exclusions are suicide within the first 12 months, illegal activity, and war-related deaths.

If the insured's death falls within these exclusions, the claim will be denied even if premiums were paid. Before purchasing a policy, policyholders should carefully read the exclusions section and explain them to nominees.

How to Claim Life Insurance?

There are two ways to file the claim: online and offline.

Customer Testimonials

Our customers trust us to be there when they need us the most. Here’s what some of them have to say:

“I have bought two policies Mahalife Gold and Smart Income Plus. I am very happy with both the policies, MahaLife Gold helps in paying for my son’s education, as the coupons and dividends are being received on time. The Smart income plus is taking care of my future needs.”

Shweta Aggarwal

“I am very happy with the Mahalife Gold policies, I bought for my son. They ensure Guaranteed Coupon payments every year. I was especially interested in the Waiver of Premium & Payor Benefit Riders, which ensure benefits for my son even in the event anything untoward happens to me.”

Amlan Mukherjee

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FAQs on claim settlement ratio

What is the claim settlement ratio of Tata AIA Life Insurance?

The Individual death claim settlement ratio of Tata AIA Life Insurance in FY 24-25 is 99.41%¹.
Why is the claim settlement ratio important?

The life insurance claim settlement ratio is important because it is an essential indicator that your claims can be settled by your insurance provider in a timely and effective manner when needed. This ratio shows how many claims have been honoured by the insurance company in a given year as against the number of claims filed or received.
When is an insurance provider said to have a good insurance claim settlement ratio?

A claim settlement ratio of 90% or above is said to be a good claim settlement ratio for an insurance provider. However, each year, the claim settlement ratio can change, depending on how many claims the insurance company has been able to honour. And so, if you are looking for a reliable insurance company, you can look for a consistent track record of successful claim settlements in the last few years.
What factors affect the Claim Settlement Ratio (CSR) for term insurance in India?

Factors such as fair disclosure of information, accurate nominee data, and fraud detection by the insurer affect CSR. Additionally, misstatement or non-disclosure may result in the rejection of claims, reducing CSR. The efficiency of claim processing by the insurer along with the financial strength, may also influence the CSR.
How to calculate the claim settlement ratio?

The life insurance claim settlement ratio is calculated as the percentage of claims successfully honoured by an insurance company. It is the number of claims that have been settled by the insurer out of all the claims received by them in a single year.

Hence, if the claim settlement ratio of a company is 98%, it means that the company has settled 98 out of 100 claims for that year. The claim settlement ratio can change every year depending on the company’s efficiency at claim settlement.
What are the two types of claims that one can file?

You can file a death claim and a maturity claim, depending on the situation and the type of claim that needs to be filed. For example, if the policyholder meets their untimely demise during the policy term, then the nominee can file a death claim. But if the policyholder survives the policy term, they can file a maturity claim on the maturity of the policy, if any.
Who is eligible to receive the payout from a term insurance claim?

The insurance claim is paid to the nominee specified in the policy upon the death of the policyholder. Legal heirs can also claim the amount with valid documents if no nominee is specified.
Is there a specific time limit for notifying the insurance company about a claim?

Yes, the insurance companies often expect nominees to inform them about claims as soon as possible after the policyholder's death. This may help to prevent unnecessary delays in the claim settlement process and tends to ensure smoother processing.
When should I file a death claim?

A death claim should be filed soon after the death of the policyholder during the policy term. Ensure that all the documents needed for the claim settlement, such as the death certificate, the policy document, etc., are submitted on time so that the claim can be filed correctly.
How to apply for an insurance claim with Tata AIA Life Insurance?
To file a claim, you can choose any of the following channels to reach out to us.
- Email us at: customercare@tataaia.com
- Call our helpline number - 1860-266-9966 (local charges apply)
- Walk into any of the Tata AIA Life Insurance Company branch offices
- Write directly 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
What are the documents needed for filing a claim with Tata AIA Life Insurance?

Please click here to know the list of documents needed for the claim intimation and settlement process.
What are the reasons for claims being rejected?

Your insurance claim can be rejected if you do not disclose all the information required for the insurance company to settle your claim. Likewise, misrepresentation or misstatement of facts also leads to claim rejection. This means that you have provided incorrect information on the proposal form or held back some crucial information from the insurance company regarding your health, risks, etc.
What are the common mistakes people make while filing a claim?

Leaving the claim form incomplete and not providing all the details on the insurance proposal form are two of the most common mistakes people make while filing a claim. Unfortunately, both of these mistakes can lead to claim rejection.
Can I file a claim online with Tata AIA Life Insurance?

Yes, Tata AIA Life Insurance enables you to file an online claim through our official website. Alternatively, you can also locate any of our office branches and visit us to file your claim.
Can I track the status of my Tata AIA policy claim online?

Yes, you can track claim status through Tata AIA’s official website using your claim details.
Is a higher claim settlement ratio always better?

Yes, a higher ratio indicates that the insurer has a strong history of honoring claims, giving policyholders greater confidence in the financial security of their loved ones.

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Disclaimer
- Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V06)
- The complete name of Tata AIA Fortune Guarantee Plus is Tata AIA Life Insurance Fortune Guarantee Plus (UIN: 110N158V14) - Non-Linked, Non-Participating, Individual Life Insurance Savings Plan.
- ¹©2024 Morningstar. All rights reserved. The Morningstar name is a registered trademark of Morningstar, Inc. in India, and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited (“Morningstar”); (2) may not be copied, redistributed or used, by any means, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from data published on various dates and procured from various sources and (5) shall not be construed as an offer to buy or sell any security or other investment vehicle. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates, or agents shall be responsible or liable for any trading decisions, damages or other losses resulting directly or indirectly from the information.
- ²Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of ₹50 Lakh. 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.
- ³Individual Death Claim Settlement Ratio is 99.41% for FY 2024-25.
- ⁴Illustrated premium of ₹501 is the monthly premium excluding taxes for a 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 of 10% for digital purchase and 8.5% for 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.
- ⁵As per the duly approved product design and terms & conditions of the product. This includes first year digital discount of 10% for Limited Pay/Regular Pay and 8.5% salaried discount. For Single Pay, 1% discount will be available for online purchase and salaried discount each.
- ⁶Under 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.
- ⁷Guaranteed Income shall be total of Guaranteed annual Income plus Income Booster payable in a year. Guaranteed Income as per the chosen Income Frequency shall commence after maturity till the end of the Income Period, irrespective of survival of the life insured(s) during the Income Period.
- ⁸Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. For ULIP policies, maturity income will be taxable if annual aggregate premium exceeds ₹2.5 Lakh in a financial year. For non ULIP insurance policies, maturity income will be taxable if annual aggregate premium exceeds ₹5 Lakh in a financial year. Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
- No Goods and Service Tax shall be applicable on Individual life insurance products as per prevailing laws. Tax laws are subject to amendments from time to time. If any imposition (tax or otherwise) is levied by any statutory or administrative body under the Policy, Tata AIA Life Insurance Company Limited reserves the right to claim the same from the Policyholder.
- ⁹Available under Regular Income with an Inbuilt Critical Illness Benefit option
- ¹⁰5-year computed NAV for Multi Cap Fund as of March 2025. Other funds are also available. Benchmark of this fund is S&P BSE 200.
- ¹¹All funds open for new business which have completed 5 years since inception are rated 4 star or 5 star by Morningstar as of December 2024.
- This product is underwritten by Tata AIA Life Insurance Company Ltd. This plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.
- Insurance cover is available under this product. For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
- In case of sub-standard lives, extra premiums will be charged as per our underwriting guidelines.
- 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.
- Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document issued by the insurance company and this document is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.
- Applicable for Tata AIA Param Raksha Life Pro +
  
  Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Smart Sampoorna Raksha Supreme is only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns
  
  The fund is managed by Tata AIA Life Insurance Company Ltd.
  
  The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market.
  
  The linked insurance product do not offer any liquidity during the first five years of the contract. The policy holder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year.
  
  Market-linked returns are subject to market risks and terms & conditions of the product. The assumed rate of returns or illustrated amount may not be guaranteed and depends on market fluctuations.
  
  Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal to) a year, with reinvestment of dividends (if any).
  
  Investments are subject to market risks. The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market. Please make your own independent decision after consulting your financial or other professional advisor
  
  Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Please know the associated risks and the applicable charges, from your Insurance Agent or Intermediary or Policy Document issued by the Insurance Company.
  
  Various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. The underlying Fund's NAV will be affected by interest rates and the performance of the underlying stocks.
  
  The performance of the managed portfolios and funds is not guaranteed, and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.
  
  Premium paid in the Unit Linked Life Insurance Policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the Insured is responsible for his/her decisions
- This publication is for general circulation only. This document is for information and illustrative purposes only and does not purport to any financial or investment services and do not offer or form part of any offer or recommendation. This document is not and should not be regarded as investment advice or as a recommendation regarding any particular security or course of action.
- L&C/Advt/2025/Jul/2507
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