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Term insurance is a simple and affordable form of life insurance. It offers financial protection for a fixed period, ensuring that your family receives the Read more sum assured if you pass away during the policy term.
Tata AIA Term Insurance Plan provides your family with a ₹1 Crore life cover at just ₹501/month1. With affordable premiums, flexible policy terms, and quick claim settlements4, you can plan for financial security today. Read less
Term insurance is a simple and affordable form of life insurance. It offers financial Read more protection for a fixed period, ensuring that your family receives the sum assured if you pass away during the policy term.
Tata AIA Term Insurance Plan provides your family with a ₹1 Crore life cover at just ₹501/month1. With affordable premiums, flexible policy terms, and quick claim settlements4, you can plan for financial security today. Read less
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Get Life Cover of ₹1 Crore by paying a premium of
₹7,085/month (for 30 years)
₹8,287/month
Save ₹1,202 with discounts
Includes 10% digital + 8.5% salaried discount on 1st year premium
Excludes GST
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Tata AIA Life Insurance Sampoorna Raksha Promise (A Non-Linked Non-Participating, Pure Risk, Individual Life Insurance Plan) • UIN: 110N160V7
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Term insurance policy is a basic form of life insurance offering financial protection for a specific period. The nominee of a term insurance policy will receive a financial benefit if you die during the policy period.
The purpose of term life insurance is to provide financial benefits only in the event of the policyholder's death during the term period. This policy does not return any financial value if you survive its term. You can choose term insurance with return of premium if you wish to get your premiums back after the policy term ends.
When you buy term insurance, you pay regular premiums in exchange for a financial benefit that goes to your nominee in the event of your untimely demise.
A term plan is a type of life insurance that may help protect your family if something happens to you during a set period. Here is how it works:
Here are a few sample illustrations to help you understand our Term plans better.
Choose a Tata AIA term insurance plan that suits your needs:
Tata AIA
Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V07)
Tata AIA
Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N171V11)
Purchasing a term insurance plan helps ensure financial security for your loved ones in your absence. Here is how a term insurance plan can help you
The key features of term insurance plan are as follows:
Our best term insurance plans in India are available to policy buyers with a minimum entry age of 18. This means you can financially secure yourself and your loved ones early in life with our basic term plan.
Our term plans have flexible plan durations. You can protect yourself for the maximum plan term, up to 100 years of age14. However, many people prefer a life cover till 60-70 years of age until their financial liabilities are over.
With Tata AIA, you can choose the premium payment mode - Single Pay (pay once), Regular Pay (pay during the entire policy term), and Limited Pay (pay for a defined time). You can also select the premium payment frequency, such as monthly, quarterly, half-yearly or annually, as per your budget and fund availability.
Our term plan allows you to adjust your plan coverage with your changing insurance needs at different milestones and life stages. With our Life Stage Benefit16, increase life cover at important milestones.
You can choose the mode of death benefit payment depending on the needs of your family. You can opt for a lump sum payment, a lump sum + regular monthly payment or the entire sum assured as regular monthly payouts.
You can opt for our comprehensive health riders10 for protection against a wide range of critical illnesses, such as cancer, heart-related ailments, kidney failure, etc.
You can choose to get a maturity benefit with term insurance. Tata AIA term plans, such as Tata AIA Sampoorna Raksha Promise, offer 100% of all premiums paid3 as a survival benefit.
The sudden disability or death of the earning member can disrupt their earning capacity. Add-on riders10 with accidental death and disability cover protect the family’s financial stability.
Let us see why Tata AIA is a good choice for you to buy term insurance:
4T&C apply.
The following are some of the types of people who may consider buying a term insurance plan, depending on their life stage and responsibilities:
If you are starting a family term insurance may help you protect your partner and children from financial troubles in your absence. Choosing the best term insurance plan in India can give them the necessary financial support in your absence.
If your family depends only on your income, a term life insurance policy is important. It gives a specific amount to your family in case of your unfortunate demise. Picking the best term policy in India helps ensure you get the right cover at an affordable cost.
If you have a home or personal loan, a term insurance plan helps ensure your family is not burdened with repayments.
If you have education or car loans, a term plan helps your family handle those expenses even after your absence.
Business owners can use term insurance to protect their business and loved ones. It also helps manage sudden business loss.
More women are earning now. A term plan for women helps them protect their family’s future. Homemakers can also get coverage to support their household roles.
If you are retiring but still have dependents, term life insurance helps them stay financially secure.
If you support older parents, buying the best term plan will help them live without worries if something happens to you.
Paying for a term insurance plan may help you save taxes9 each year as part of your financial planning. Comparing the best term plans can help you find one that suits your income and long-term needs.
Term life insurance is important if you want to protect your family from financial challenges. It is helpful when you are the only earner in your family. Here are some important stages in life where term insurance becomes very important.
When you begin a family, your responsibilities increase. If something happens to you during this stage, term insurance provides a fixed amount to your nominee. This helps your family cover daily expenses.
Higher education needs good financial support. If you are not there when your child is ready for school or college, term insurance provides the assured amount to your nominee. This helps your child continue their studies without financial worries.
Weddings comes with heavy expenses like jewellery and celebrations. In case of your untimely death, the term insurance amount can help your family arrange for your child’s wedding without financial pressure.
If you have home, car, or personal loans, your family may struggle to repay the loans in your absence. If something happens to you, the insurance amount helps clear these debts. This prevents your family from dealing with unpaid EMIs.
Prices rise every year, making daily life more expensive. If you pass away, term insurance gives a fixed amount that helps your family keep their regular lifestyle. It also supports them in the long term, especially if you haven’t built large savings. This amount works like financial support in your absence.
There are different types of term insurance plans you can choose based on your needs. Some of them are as follows:
Many individuals look for the best term insurance plan in India based on their life stage and goals. You can also use online tools to compare and find the best term plan.
The following table highlights the difference between a term life insurance policy and a whole life insurance plan:
Features |
Term Life Insurance |
Whole Life Insurance |
Coverage Duration |
Coverage lasts for a specific period chosen by the policyholder. Protection is provided only during this selected term. |
Coverage under a whole life insurance policy continues for the insured’s entire lifetime, until age 10014, as long as premiums are paid regularly. |
Premium Amount |
The premium amount of a term insurance policy is typically lower because it covers a specific period. |
The premium of a whole life insurance policy is higher because it includes lifelong coverage and offers additional long-term features. |
Riders10 |
The best term insurance plans in India include useful riders10, such as critical illness, accidental death, and waiver of premium for enhanced protection. |
Some whole life insurance plans also allow riders10, but they are more commonly used with term life insurance policies. |
Payout Type |
The insurer pays the sum assured to the nominee only if the policyholder dies during the selected term of the policy, and all premiums are paid. |
The plan pays the full sum assured on the policyholder’s death at any age, along with any accumulated savings or bonuses. |
Bonus Eligibility |
Not eligible for bonuses; designed solely for protection. |
May offer bonuses such as loyalty additions or guaranteed accruals. |
Loan/Withdrawal Facility |
No loan or withdrawal options available. |
Loans and partial withdrawals allowed after the lock-in period. |
Surrender Value |
No surrender value; policy lapses if premiums are unpaid. |
Partial surrender value available after a few years of continued premium payment. |
Tax Benefits9 |
Premiums eligible under Section 80C; death benefit exempt under Section 10(10D). |
Same tax benefits as term plans, with added exemption on maturity proceeds under Section 10(10D). |
The following table explains some of the best term insurance plans in India in 2025 and their key features:
Term Insurance Plan Type |
Key Features |
Basic Term Insurance |
This basic term insurance plan offers coverage for a chosen number of years. It provides a lump sum to your nominee in case of death during the policy term. |
Increasing Sum Assured Plan |
The sum assured increases every year by a fixed percentage. This helps deal with inflation and future financial needs, though premiums may be higher. |
Term Insurance with Monthly Income |
In addition to a lump sum payout, the term insurance with a monthly income plan provides a certain sum every month to the family. It may help manage household expenses after the policyholder’s death. |
Return of Premium Term Plan |
If the policyholder survives the policy term, the total premiums paid are returned, and the death benefit is still available during the coverage period. |
Critical Illness Rider10 Term Plan |
This plan allows you to add protection for specific major illnesses. On diagnosis of a listed condition, a lump sum is paid, based on rider10 terms. |
Waiver of Premium Benefit |
If the insured is diagnosed with a critical illness or suffers permanent disability, future premiums may be waived while the policy continues. |
Accidental Death and Disability Cover |
This rider10 offers an extra payout if death or disability occurs due to an accident. It can be added to enhance the base term plan coverage. |
Group Term Insurance |
This plan is often offered by employers to their employees. It provides financial cover for death or disability under group coverage terms. |
Tata AIA Sampoorna Raksha Promise provides comprehensive financial protection and flexibility to policyholders and their families. Depending on the family's financial needs, policyholders can choose to receive their death benefit as a lump sum or in instalments.
Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N176V07)
Tata AIA Maha Raksha Supreme Select offers comprehensive financial coverage with customisable options to meet individual needs. A critical illness rider10, accidental death rider10, and premium waiver rider10 are among the optional riders10 available to policyholders.
Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V11)
Tata AIA Saral Jeevan Bima is a pure term insurance plan that offers financial stability to your family at affordable premiums. It provides a lump-sum death benefit if the policyholder dies during the policy term, protecting your loved ones from financial stress.
The complete name of Tata AIA Saral Jeevan Bima is Tata AIA Life Insurance Saral Jeevan Bima - A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan (UIN: 110N157V02)
The Tata AIA Bharat Suraksha Cover is an affordable micro term insurance plan designed to protect individuals and families. This micro term insurance plan provides a sum assured of up to ₹2 Lakh, ensuring that your loved ones are financially secure in the event of your untimely demise.
Tata AIA Bharat Suraksha Cover Micro Insurance Plan - Non-linked, Non-Participating Individual Micro Term Insurance Plan (UIN: 110N169V01)
Before buying a term insurance policy, it is important to determine the sum assured your family should receive in your absence and ensure that it covers all their financial needs and emergencies.
Tata AIA Benefit: You can use our online term insurance calculator to understand the coverage you need to protect your family.
The term insurance premium is a regular, long-term amount. You need to assess and account for the same to better structure your budget. Hence, be sure that the amount of the term insurance premiums you choose to pay for your plan ensures sufficient coverage.
Tata AIA Benefit: Our term plan calculator helps you compare plans on the basis of the premium.
While you can purchase a policy as per your eligible age applicable for the product, it is always advisable to get a term plan as early as possible to avail of low term insurance premiums in return for higher insurance coverage for your family
Tata AIA Benefit: You can purchase a term insurance plan as early as from 18 years of age.
If your loved ones need a regular income for a fixed period, you can go ahead with this choice or choose a lump sum payout. Alternatively, you can also choose a combination of a fixed period income and a lump sum if it suits your beneficiaries.
Tata AIA Benefit: We offer multiple payout modes - Lump sum / Regular / Lump Sum+Regular: to help you secure your family in the best manner possible.
Consider the claim settlement ratio of the insurance provider, as it determines their ability to settle your claims effectively and on time when the need arises. The higher the claim settlement ratio, the better the chances of your beneficiaries receiving the claim on time.
Tata AIA Benefit: Tata AIA Life Insurance has an Individual Death Claim Settlement Ratio of 99.41% for FY 24–25.
Choose riders10 that offer benefits such as protection against critical illnesses, accidental death and disability, waiver of premium benefits tailored to unique needs for targeted protection against various circumstances.
Tata AIA Benefit: We offer a choice of add-on riders10 for protection to help you enhance your term plan protection.
Always ensure that the sum assured you select for your family’s needs also accounts for the inflation rates over the years. The financial needs your family has today will not be the same after 10 years, and so consider how much more coverage they will need in the future.
Tata AIA Benefit: We offer a Life Stage Benefit16 with our term insurance plans to allow increasing the sum assured at important milestones, such as marriage, birth/adoption of a child, etc.
It is always better to compare term insurance plans and make an informed choice instead of picking the first plan you see. Comparing term policies helps you decide which features and benefits are best suited for your needs.
Tata AIA Benefit: We offer a wide range of term insurance plans, coverage options and protection + wellness combination solutions to suit varied insurance and budget needs. You can compare our plans here.
If you want to understand how to choose the best term insurance plan, you can get some help from your financial advisor or even contact your insurance company for further assistance.
Tata AIA Benefit: We offer round-the-clock assistance with our expert advisors. Book a call today to talk to our expert today.
Read the insurance policy’s terms and conditions. It helps you understand the plan in detail and most importantly, know what the policy does not cover. This can help your beneficiaries avoid any confusion regarding the policy and payouts.
Tata AIA Benefit: Detailed policy literature, including sales brochures, policy bonds, etc. is available online and can be accessed for an in-depth understanding. You can also access our vast repository of blogs and other supporting content for a detailed understanding of all products and services.
Selecting the best term insurance plan depends on many personal and financial factors. The following points may help you choose the suitable term insurance plan based on your needs.
The number of years your policy should continue depends on how long your family may need financial support. Younger individuals may opt for longer terms, such as 30 or 40 years.
Your age directly affects the premium and available coverage. Buying a term insurance plan early may help you get lower premiums. Senior citizens may need higher coverage if their financial obligations are still pending.
The amount of coverage you need often depends on your monthly income. If your income is higher, you may require a larger sum assured to maintain your family’s lifestyle. So, estimate your needs accordingly before selecting the plan.
Different individuals have different coverage needs depending on their income, life stage, and responsibilities. A salaried person may need steady income benefits, while an NRI may need the facility to keep the policy active across locations. Senior citizens often choose shorter terms with limited premiums. Considering these factors may help you choose a plan that aligns with your needs.
You can add riders10, such as critical illness, waiver of premium, or accidental disability. These features help in dealing with unexpected life events.
Covers 40 Critical Illnesses including Cancer and Cardiac conditions
Financial protection against Accidental Death & Accidental Total & Permanent Disability
Covers 39 Critical Illnesses including minor stage illness
Pays fixed amount on hospitalization and on ICU admission
Non-linked Comprehensive Protection Rider
Covers 40 Critical Illnesses including Cancer and Cardiac conditions along with Terminal Illness cover
Financial protection against Accidental Death & Accidental Total & Permanent Disability
Here’s a snapshot of our best term insurance plans:
Plan name
Tata AIA Sampoorna Raksha Promise: Life Promise
Tata AIA Maha Raksha Supreme Select: Life Secure
Entry Age (years)
Minimum
Minimum
Minimum
Maximum
Maximum
Maximum
Maturity Age (years)
Minimum
Minimum
Minimum
Maximum
Maximum
Maximum
Pay premium for (Premium Payment Term in years)
Minimum
Minimum
Minimum
Maximum
Maximum
Maximum
Stay covered for (Policy Term in years)
Minimum
Minimum
Minimum
Maximum
Maximum
Maximum
Life cover (Basic Sum Assured in ₹)
Minimum
Minimum
Minimum
Maximum
Maximum
Maximum
Premium payment mode
Death benefit
Option to cover till age14 of 100
Return of premium
Terminal illness cover
Early exit feature
Instant claim payout12
FlexiPay13 (Pay later) benefit
Health benefit
Tax benefit9 on premiums paid
Tax on death benefit
Digital purchase discount
Salaried personnel discount
Female premium benefit
Milestone discount
Tata Group staff discount
Other discounts
Explanation
Premium Payment Term: Period for which premiums will be paid
Policy Term: Period for which policy will remain active subject to premiums paid on time
Basic sum assured: Life cover provided under the policy
Single Pay: Pay premium once
Limited Pay: Pay premium for a defined number of years, lesser than the policy term
Regular Pay: Pay premiums for the entire policy term
Term insurance premiums vary for each policyholder based on several factors. Understanding these factors can help you take steps to reduce your premiums.
Age is an important factor in determining term insurance premiums. Younger people tend to have a lower risk compared to older people.
The higher the sum assured, the higher is the cost of covering the policyholder. As a result, a ₹2 Crore term insurance plan will be more expensive than a ₹1 Crore term insurance plan.
Illnesses like cancer and heart ailments can be genetic. The premium can be higher for people with existing medical conditions or with a family history of certain issues to account for the higher risk of claims.
Research has shown that women tend to have a longer average lifespan than men. Therefore, female term policy buyers usually enjoy lower premiums on their term plans, as they are likely to pay premiums for a longer period than men.
Term plan premiums are higher for professionals who work in high-risk environments, like construction, mining, and pilots, etc.
People who consume alcohol or smoke have to pay higher term insurance premiums than others because of their negative impact on one’s health.
The premium for longer tenures will be lower than for shorter policy tenures for the same coverage due to the assurance of long-term premium payments.
Deciding the right sum assured is crucial to ensure all-round protection of your family. Your insurance coverage should be sufficient to allow your family to continue with the same living standard even when you stop earning.Financial experts have given a simple way to determine how much sum assured you should buy. Your term insurance policy coverage must be a minimum of 15 to 20 times your existing income.Another way to calculate how much term insurance coverage you need is by evaluating your Human Life Value or HLV. The HLV is a numerical process of estimating the current value of your future income. It helps you analyse how your family’s income will be affected if your income stops due to your demise. Thus, it can help you estimate the amount of term insurance coverage you need as a replacement for your income. Check out our Human Life Value Calculator.Sum assured in term insurance is the amount the policy beneficiaries get in case of the policyholder's demise when the policy is active. It is a guaranteed amount decided at the term plan’s inception as a death benefit against the policy.
Getting a sufficient sum assured is crucial when buying term insurance because it is the actual amount your family members will receive from the insurer. Thus, you must ensure that the sum assured is sufficient to cover your family’s continuing and future financial liabilities.
However, remember that the term insurance premium is directly affected by the sum assured. Selecting an unreasonably high sum assured can be a financial burden for you.
Choosing the best term insurance period can be confusing for many since insurers offer a flexible policy tenure that starts from 5 years and goes up to several years.
Buying a term plan for a short duration may not be sufficient to cover your financial needs. On the other hand, choosing a longer period unnecessarily will make you pay policy premiums beyond your requirements.
Since most people meet their financial obligations by the time they retire, choosing a term plan that ends close to their retirement time, like 60-70 years of age, is advisable.
Tata AIA Maha Raksha Supreme Select | Premium incl. taxes | Age: 30 years | Male | Non-Smoker | Premium Payment Term: 12 years
Delay in purchasing term insurance can result in higher premiums, limited coverage, and increased financial risks for your loved ones. Act now to lock in affordable rates and secure your family's future.
Worried about the term insurance plans cost? Here are a few ways to get affordable term insurance:
As explained, buying term insurance at a young age can help you save significantly on the term insurance cost. With an early purchase, you can get long-term insurance for smaller and regular payments on term insurance.
Smoking can increase your term insurance cost. Therefore, avoid smoking for a healthier life and also to reduce your term plan premiums. Ensure that you disclose it to your insurer if you smoke or have any other health ailments. Providing incorrect or incomplete information can put your family in difficulty when claiming the death benefit on your term policy.
A term plan with a longer duration will require you to pay policy premiums for longer. Therefore, choose the policy term wisely to ensure coverage untill you genuinely require it.
A healthy lifestyle can keep diseases and ailments at bay. Since insurers require your medical history and test reports to decide your term insurance premium, a healthier lifestyle will help you get an affordable term policy quote and more importantly enjoy a longer, healthier life too.
When you buy a term insurance plan, you will be asked to name a policy nominee who will be entitled to the policy benefits in case of an unfortunate event. You must also select the term insurance payout option you want for the plan beneficiary. Here are the various payout options you can choose from:
Payout Option |
Description |
Example |
When to Buy |
One-time Lump Sum Payout |
The most straightforward type of payout is the one-time lump sum method. Here, your policy nominee receives the entire sum assured for a death benefit as a single payment. |
If you choose a sum assured of ₹2 Crore and name your spouse as the policy beneficiary, your spouse will receive ₹2 Crore as a single payment under covered situations. |
If you are confident your beneficiaries will be able to manage the single lump sum amount efficiently or may require a significant amount for a major expense, you can opt for this payout option. |
Fixed Monthly Payments |
Under this payout option, your plan beneficiary receives the death benefit as regular payments from the insurer. Here, the sum assured acts as a regular source of income for your family in your absence. |
If you choose a sum assured of ₹2 Crore and opt for a regular payout for 5 years, the sum will be divided into 60 units and paid out monthly. |
Regular payouts are great if you want the death benefit to serve as a monthly income replacement. It is also great if the nominees are young and cannot manage a lump sum amount efficiently. |
One-time Lump Sum + Fixed Monthly Payments |
This option is a combination of the lump sum and regular payment options. Here, the policy nominee receives a part of the sum assured as a lump sum and the remaining as regular payments for a fixed tenure. You can decide how the death benefit is to be bifurcated between the two payment options here. |
You choose a sum assured of ₹2 Crore and opt for a lump sum payment of 50% of the sum assured and the other 50% as a regular monthly payout for 5 years. In this case, ₹1 Crore will be paid out immediately to the beneficiary, and the remaining ₹1 Crore will be paid out over the next 60 months. |
This option is perfect if you have any loans or other major financial liabilities that need to be repaid. The family can use the lump sum payout to clear any debts and then use the monthly payments for regular expenses. |
Term plan riders10 are additional covers or benefits that you can add to your term insurance policy for an additional premium to enhance or extend the coverage of the base plan for well-rounded protection against various situations and illnesses.You can opt for a Term life insurance rider of your choice, like an accidental death rider or disability rider, critical illness rider, or premium waiver rider.An accidental death or disability rider offers a sum assured in case the policyholder passes away or suffers disability due to an accident.Health-based riders, such as critical illness or terminal illness15 riders, provide financial protection upon diagnosis of the covered illness.One of the popular term insurance riders, the waiver of premium add-on, will waive off all future premium payments while continuing the term plan protection in case of diagnosis of covered illnesses or any other insured situation.The following are some common types of term insurance riders10.
If the policyholder dies due to an accident, the accident death benefit rider provides an extra payout over the base sum assured. It enhances the financial support given to the family during an unexpected event.
If a serious illness or permanent disability affects your ability to earn, this rider waives all future premiums. Your term insurance plan remains active without any further payments.
If the policyholder is diagnosed with a listed illness like cancer or a heart attack, the critical illness rider pays a lump sum immediately. For instance, a ₹20 Lakh payout can help cover medical expenses while the main ₹1 Crore cover stays intact.
If a person is suffering from a terminal illness, which means a medical condition that cannot be cured and is likely to lead to death within a short period, then this rider would ba applicable. A terminal illness rider offers an early payout from the life cover once such a diagnosis is confirmed. This helps the individual and their family manage medical care and living costs during this critical stage without financial burden.
Income Benefit rider offers monthly payouts to the family in addition to the lump sum death benefit. This helps ensure that dependents receive regular income after the death of the policyholder, helping the family manage day-to-day expenses.
A permanent disability due to an accident may limit earning ability. This rider pays a defined amount to support future needs and maintain financial independence.
For those focused on wellness, the Live Well rider offers OPD (Outpatient Department) consultations, preventive checkups, and life cover.
The following points may help you understand why term insurance riders10 are important.
Riders provide financial support during critical illness, accidental death, or permanent disability. For example, if a policyholder is diagnosed with a covered illness like cancer or suffers a disability after an accident, the rider helps manage medical expenses.
Riders can be added by paying a slightly higher premium. Instead of purchasing a separate insurance policy, you can tailor your term plan with added protection more affordably and conveniently.
If a policyholder becomes disabled and cannot work, some riders waive future premiums or provide a payout. This helps ensure your policy remains active even when your income stops.
Some riders provide a monthly income in addition to the lump sum death benefit. This may help your family manage everyday expenses and stay financially stable in your absence.
Premiums paid for specific health-related riders10 (such as critical illness) may qualify for tax9 deductions under Section 80D. You can also claim deductions under Section 80C for the base term insurance premium, subject to applicable conditions.
A critical illness rider10 is an important add-on to your term insurance plan. It gives you a lump sum amount when you are diagnosed with a serious illness like cancer, heart attack, or stroke. The payout can be used for treatment, medicines, or daily household expenses. It supports you during times when you may not be able to earn because of health issues.
India is witnessing a steady rise in several diseases, such as heart ailments, cancer, stroke, and kidney disorders.
Heart attack cases increased by 26% between 2018 and 2022. In 2022, there were 32,457 cases22
Cancer cases increased by 7% from 2019 to 2022, reaching 14.26 Lakh in 2021, and may rise to 15.7 Lakh by 202523
A critical illness rider offers timely financial support, helping you focus on recovery without worrying about medical treatment or essential living costs.
The top riders10 of Tata AIA term insurance plan are as follows:
The Tata AIA Vitality Protect Rider offers additional coverage for accidental death and total permanent disability. The rider10 includes wellness-linked benefits that may adjust coverage based on health assessments.
The complete name of Tata AIA Vitality Protect is Tata AIA Life Insurance Vitality Protect - A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V04).
Managing healthcare costs becomes easier when you’re covered for specific treatments and hospital stays. The Tata AIA Vitality Health rider supports your wellness and encourages healthy habits through regular tracking and rewards.
Tata AIA Vitality Health - A Non-Linked, Non- Participating Individual Health rider (UIN: 110B045V03)
If you're looking for a single rider10 that covers multiple risks, the Tata AIA Non-Linked Comprehensive Protection rider10 offers life cover, illness support, and disability benefits in one. It allows flexibility in choosing how your benefits are structured.
The complete name of Tata AIA Non-Linked Comprehensive Protection Rider is Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN:110B033V04)
The Tata AIA term insurance plan has many benefits, some of which are as follows.
The following is the eligibility criteria to buy a term insurance policy:
The following table lists what is covered and what is not in term life insurance plan:
What is Covered in Term Insurance |
What is Not Covered in Term Insurance |
Death due to natural causes such as illness, age-related complications, or medical conditions. |
Death due to suicide in the first policy year is excluded under most term plans. |
Death due to accident, including road, air, or other external incidents, is generally covered. |
Non-disclosure of key facts, like smoking habits or existing illnesses, may result in rejection. |
Terminal illness, if the rider10 is chosen, which allows early payout of the benefit before death. |
|
Critical illness rider10 pays a lump sum if diagnosed with listed illnesses like cancer or stroke. |
|
Accidental death rider10 provides extra payout in case of death due to a covered accident. |
|
Buying a term insurance plan is a responsible step, but many people make simple mistakes that affect its value. Avoiding these mistakes may help you choose the best term insurance plan in India for your needs.
Some people choose low coverage to reduce premium costs. However, this cover may not be enough for your family in the long term. You should select a term plan based on your lifestyle, responsibilities, and future needs.
Waiting too long to buy a term life insurance plan increases the cost. Premiums rise with age, and health risks also increase. Buying early helps in securing lower premiums and may also provide full coverage.
Always check the insurer’s claim settlement ratio before choosing a term insurance plan. A low ratio could cause delays or difficulties when your family files a claim.
Many people skip optional riders10 like critical illness or disability cover. These add-ons enhance your term plan and offer more protection during tough times.
Some buyers hide health issues or smoking habits. Giving wrong information can result in claim rejection later. Always provide clear and correct details.
Many buyers go with the first plan they find. It’s important to compare multiple options to choose the best term policy in India. Comparison helps find the best term plans with good coverage and a reasonable premium.
Buy a term insurance plan online for the following benefits:
Online term insurance purchase gives you quick access to all policy documents and essential information. You get a clearer picture of the benefits and limitations of your term plan and make a confident buying decision.
You can visit the websites of multiple insurance companies and compare their plans. You can also explore the website of your chosen insurer and check various offerings. This way, you can choose the best term plan that suits your financial goals.
By purchasing term insurance online, you can take advantage of digital discounts offered by insurers, helping you secure high coverage at reduced premiums.
When buying online, you submit all your documents and information directly to the insurer. Moreover, you are actively involved at every step of the purchase process, which helps establish your faith and satisfaction with the insurer.
Buying term insurance online requires less time and effort. You need not visit the insurer’s branch. You can access the website from the comfort of your home, and the entire process is done digitally.
You can choose from quick, secure, and convenient payment options during the purchase. You can also opt for these options while paying your premium based on the mode and frequency you select.
Buying term insurance online is simple with Tata AIA. Here's how to buy a plan from Tata AIA Life Insurance:
Valid Address Proof |
Valid ID Proof |
Passport |
PAN Card |
Voters ID card |
Passport |
Driving Licence |
Voters ID Card |
Voters ID Card |
Driving Licence |
Masked Aadhar Card |
Job Card issued by NREGA duly signed by an officer of the State Government |
Letter issued by UIDAI |
Masked Aadhar Card |
|
Letter issued by UIDAI |
These are just suggestive documents, and the life insurance company may request additional documentation based on the policy conditions.
The claim process for term insurance is as follows:
For further guidance, you can visit the Tata AIA Claim Settlement Ratio page.
Understanding the following points may help you avoid claim rejection.
Go through the terms and conditions for claims in detail and reach out to your insurer if you have any query.
Disclose full medical history, lifestyle habits, income, occupation, and previous insurance details to avoid hidden information.
Properly fill in the application form yourself to avoid errors, and update nominee details, address, along with contact information.
Pay premiums on time or within the grace period. Use auto-debit to ensure you never miss a premium payment. If your policy has lapsed, revive it without delay.
Upon death, the nominee should inform the insurer immediately and submit complete, accurate documents as per policy requirements.
Here are the documents required to raise a term insurance claim.
Document Type |
Details |
Claim Form |
Duly filled form by nominee or legal heir |
Death Certificate |
Original or certified copy from local authority |
ID Proof of Nominee |
Government IDs such as Aadhaar, PAN or Passport |
Address Proof of Nominee |
Government IDs such as Aadhaar or Passport |
Bank Details |
Cancelled cheque (with name and account no. printed) along with bank passbook copy or bank statement |
Medical Reports |
Hospital records and medical history, if applicable |
FIR/Postmortem Report |
Required in accidental or unnatural death cases |
FATCA/CRS Self Declaration |
This form needs to be submitted in case of NRIs. Details can be checked here |
Note: Additional documents may be asked on a case-to-case basis.
The time taken for claim approval depends on how complete and accurate the submitted documents are.
Delays may happen due to incomplete details, unclear medical records, missing documents or lack of proper nominee verification.
Claim with riders10 may take longer if additional checks are needed to verify the medical condition or accident details.
A strong Claim Settlement Ratio reflects the insurer’s consistency in fulfilling claim obligations over time. Tata AIA Life Insurance has consistently maintained a high Individual Death Claim Settlement Ratio over the past four financial years:
Sr. No. |
Financial Year |
Individual Death Claim Settlement Ratio (%) |
1 |
FY 2023-24 |
99.13% |
2 |
FY 2022-23 |
99.01% |
3 |
FY 2021-22 |
98.53% |
4 |
FY 2020-21 |
98.02% |
The following are the key terms related to term life insurance plans:
The total financial protection or amount payable to your beneficiaries under the term insurance policy in case of the policyholder’s death during the policy term.
The policyholder’s eligibility for insurance coverage, determined based on factors like age, health, occupation, and lifestyle.
The date on which the term insurance policy ends, and any maturity benefits (if applicable), are payable to the policyholder.
The process of appointing a person (nominee) to receive the policy benefits in case of the policyholder's untimely demise.
The amount you pay periodically to maintain your term insurance policy and keep the coverage active.
The amount the policyholder may receive if they choose to terminate the term insurance policy before its maturity date (not typically applicable to pure term plans).
The percentage of claims settled by the insurer against the total death claims received in a financial year indicates the insurer’s reliability.
Additional coverages, such as critical illness or accidental death riders10, that can be added to the base term insurance policy for enhanced protection.
The guaranteed amount payable to the nominee in case of the policyholder’s death during the policy term.
The financial payout is provided to the nominee upon the death of the insured during the policy term.
The person whose life is covered under the term insurance policy.
The amount payable (if applicable) to the policyholder if they survive the policy term and the term plan includes a return of premiums feature.
The age at which the policyholder becomes eligible to receive benefits from their term insurance policy.
Term insurance offers high coverage at low premiums, ensuring financial security for your loved ones.
It’s essential to buy term insurance early to benefit from lower premiums and comprehensive coverage tailored to life stages.
In case of the policyholder’s untimely death, a term plan ensures financial stability for dependents, covering daily expenses, debts, and future goals.
With increasing lifestyle-related risks and lower life quality, term insurance acts as a vital financial safeguard.
Many term plans offer add-ons riders10, such as critical illness riders, ensuring enhanced protection.
Customer reviews of our Term Insurance plans
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Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V07)
Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V11)
1Illustrated 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 of Tata AIA Sampoorna Raksha Promise with first year premium discount of 10% for digital purchase and 8.5% for salaried person. Please refer Benefit Illustration for more details.
2As 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.
3Under 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.
4Applicable 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.
5Illustrated Premium of ₹346 is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹50 Lakh Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option of Tata AIA Sampoorna Raksha Promise with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details.
6Illustrated Premium of ₹804 is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹2 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option of Tata AIA Sampoorna Raksha Promise with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details.
7Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹5 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option of Tata AIA Sampoorna Raksha Promise with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details.
8Illustrated Premium of ₹679 is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for 2 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) with Life Secure plan option of Tata AIA Maha Raksha Supreme Select with first year premium discount for digital purchase and salaried person.
9Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
10Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/ branch.
11Illustrated premiums of ₹589, ₹759 and ₹1,288 are the monthly premiums for a Male, Standard Life, Non-Smoker for ₹1 Cr. Sum Assured with Policy Term of 20 yrs (Regular Pay) of age 20, 30 and 40 years respectively under Life Promise Option of Tata AIA Sampoorna Raksha Promise 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.
12With this feature, instant death benefit of ₹3 Lakh from the Sum Assured will be paid within 1 working day from the claim registration date. This feature is applicable only after a waiting period of 3 policy years from the policy inception or revival of the policy and provided the policy is in force. The remaining sum assured shall be payable post the completion of the claim investigation. Further, in case of any discrepancy in the claim investigation resulting in the final decision of non-payment of the claim, the company reserves the right to recover the already paid amount. The acceleration of instant claim should not be construed/interpreted as acceptance of the claim. Applicable only for policies with minimum Sum Assured of ₹1 Cr.
13With FlexiPay Benefit, policyholder is allowed to defer the due premium for a period of 12 months while maintaining the full risk cover under the base plan and attached riders. At the end of Premium Deferment period, the policyholder is required to pay the due premiums, including the premium applicable for the period of Premium Deferment, i.e. the base cover premium and additional premium (if any). This benefit shall be available for multiple times with a gap of 5 policy years from the expiry date of previous Premium Deferment. The option can be exercised only after payment of 5 full years premium. No interest shall be levied on the premium due during the Premium Deferment period. If the premiums due are not paid within the grace period after expiry of the Premium Deferment, the Policy (including Rider(s), if any) shall lapse and no benefits shall be payable in the Policy or the Rider(s), if any) and company shall be entitled to recover the same from any amounts or This benefit payable under the Policy or Rider(s).
14Not applicable under PoS, please refer sales brochure for more information
15Inbuilt Payout Accelerator Benefit pays out 50% of Effective Sum Assured opted in case of a Terminal Illness diagnosis
16Applicable for specific plan options. Please refer brochure for additional details.
17Earn flat 5% Tata NeuCoins on insurance premium payment for Limited/Regular Pay policies, applicable for the 1st year. For Single Pay policies, 0.5% of premium can be earned as NeuCoins. There’s no capping on the maximum amount that can be earned. Benefits will reflect in your Tata Neu wallet 30 days after policy issuance. These points can be used to shop on Tata Neu across various categories like fashion, electronics and groceries.
1989,43,554 families protected till 31st May 2025.
20Retail Sum Assured for FY24-25 is ₹7,90,982 Crore. https://irdai.gov.in/document-detail?documentId=6552249
21Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for 1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Plus Option of Tata AIA Sampoorna Raksha Promise with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Under 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.
Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN:110B033V04), Tata AIA Vitality Protect - A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V04) and Tata AIA Vitality Health - A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V03) are available under this plan.
Tata AIA Vitality - A Wellness Program that offers you an upfront discount at policy inception. You can also earn premium discount / cover booster (as applicable) for subsequent years on policy anniversary basis your Vitality Status (tracked on Vitality app) Please refer rider brochures for additional details on health and wellness benefits.
Vitality is a trademark licensed to Tata AIA Life by Amplify Health Assets PTE. Limited, a joint venture between Vitality Group International, INC. and AIA Company Limited. The assessment under the wellness program shall not be considered as medical advice or a substitute to a consultation/treatment by a professional medical practitioner.
On enrolling into the Wellness Program, you get an upfront discount of 5% on 1st year premium for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care Benefits and of 10% on 1st year premium for Term Booster, CritiCare Plus, Accelerated CritiCare, Multistage CritiCare, Cancer Care, Cardiac Care. The rewards are offered on cumulative basis and in any year, the maximum rewards in view of both the Up-front Rewards and Annual Rewards Flex together shall be 15% for Accidental Disability Care and 30% for all other benefit options. Discount is driven by accumulated points which is achieved through wellness status. Please refer policy document for more details.
This product is underwritten by Tata AIA Life Insurance Company Ltd.
The 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. The precise terms and condition of this plan are specified in the Policy Contract.
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.
In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
L&C/Advt/2025/Aug/2815
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Financial responsibilities typically taper off by age 70
Age:
Citizenship:
Medical Reports:
Fill out the online application with required information such as ID proof, address proof, income proof and upload your documents. Moreover, you might need to provide medical information for underwriting purposes.
Make the payment and read the policy documents carefully. It is important to understand all terms before completing your Tata AIA term insurance purchase.
