Savings Plans

1.What are the riders available with savings plans?

We at Tata AIA offer several riders7 for our savings plans on our website. You can look into the specific riders offered under each savings plan by checking their policy brochures. These riders help to enhance the base coverage of your savings plan for an additional premium payment.

2.How do I choose the coverage of a savings plan?

You can start by considering the future needs of your family, like future financial commitments and all your financial goals/obligations, as well as any emergency needs, such as medical expenses. Adding all these expenses should give you a ballpark estimate of how much coverage you should opt for. For a more accurate number, you can use our savings calculator

1.What premium payment modes can I choose under Tata AIA savings plans?

Under our savings plan, you can pay your premiums on a monthly/quarterly/half-yearly/annual basis. You can also opt for a single premium payment under your Tata AIA savings plan.

2.What are the minimum and maximum premiums I can pay for these plans?

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.

3.Do savings plans also offer a return of premium benefit?

Yes, some savings plans offer a return of premium benefit at the end of the income period. With Tata AIA Fortune Guarantee Plus savings plan your entire premiums paid are returned² at the end of the income period.

4.What are the payout options in savings plans?

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.

1.When can I claim my savings plan's benefits?

Savings plans are divided into two parts – savings and life insurance. Therefore, there are two main claims you can file. The first would be a death benefit, which your family can file in case of your untimely demise during the policy tenure. The second would be a maturity benefit, which is the savings corpus that you claim if you outlive the savings plan term.

Some savings plans also offer a loan facility, which can be claimed in case of emergencies if you have held the policy for a specific number of years.

2.How do I file an online claim on my savings plan?

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

3.What are the documents needed to file a claim?

The main documents you need when filing a claim would be the filled and signed claims form and a copy of your policy certificate. Other documents you may need will depend on the nature of your claim. For example, a death benefit claim will require the policyholder's death certificate.

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