Riders available with Savings plan can help to enhance the comprehensiveness of the coverage under the plan. The following riders available with Tata AIA Life Insurance savings plans:

• Tata AIA Vitality Health – A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V01)
• Tata AIA Vitality Protect – A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V01)
• 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 Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider- Non Linked, Non Participating Individual Health Insurance Pure Risk Premium Rider (UIN: 110B028V03)
• Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider - Non Linked, Non Participating Individual Health Insurance Premium Paying Rider (UIN: 110B029V02)

The Health Management Services is a provision that lets you avail of a second medical opinion or medical consultation from a service provider approved by Tata AIA Life Insurance Co. Ltd. With the help of this facility, you can ensure the correct and timely diagnosis of a critical illness, which can help you receive better care and treatment for your condition.

Yes, savings plans are among some of the tax-saving^~ options in India. You can get a tax deduction of up to 1.5 lakhs on the premiums paid towards your policy Under Section 80C and also avail of tax exemption on the death benefit or the maturity benefits under Section 10(10D) of the Income Tax Act. Also, with Tata AIA Life Insurance savings plans, you can also save tax up to 46,800^**. 

Savings plans have a savings component as well as a life insurance component. Keeping both in mind, consider the future needs of your family, all their future financial commitments, and all your financial goals and obligations, as well as any emergency needs such as medical expenses.

Since savings plans are divided into two parts – savings and life insurance – your family can avail of the death benefits on the life insurance in case of your untimely demise during the policy tenure, and you can get the maturity benefits which is the savings corpus if you outlive the savings plan policy term. Few savings plan also offer money back or regular income during the policy’s tenure which can be used for you goals planned such as buying a car, planning a vacation, children’s education etc. Some savings plans also offer a loan facility which can be availed in case of emergencies.

Under a savings plan, you can pay your premiums on a monthly, quarterly, half-yearly or annual basis. Or you can also opt for single premium payment for the savings plan.

The minimum and maximum premium payment for a savings plan will depend on the plan, and the sum assured you select. Remember that the premiums will be divided into two portions, of which one part will provide life cover to your family whilst the other will be part of the savings.

Yes, there are savings plans which offer a return of premium benefit at the end of the income period.

You can choose savings plans that give payouts on a monthly or annual basis and as a regular income, monthly income, or as a lump sum.

If you do not pay your premiums for 2 successive years even within the grace period, the policy will lapse from the due date of the first unpaid premium, and you will not be able to avail of any plan benefits.

You can file a claim on your savings plan by getting in touch with us in the following ways:

• 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

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

You can file a death claim under a savings plan. And if you have added a critical illness benefit to your policy or selected a plan option with the critical illness benefit, you can also file a claim for availing of the rider^ benefits.

Typically, it takes 30 days to settle a claim effectively, as per the regulatory TAT (turn-around time). However, in case there is any further investigation required into the claim, the process will take up to 90 days, as per the regulatory TAT. 

If the nominee is outside India and wants to file a claim, they can upload the attested copies of their documents online or send them to us by email. To file the claim offline, the nominee can send the documents to their representative in India, who can come to any of our offices and file the claim.