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Term insurance is a type of life insurance policy that provides financial protection for a specified period, known as the "term." Read more if the policyholder passes away during this term, the beneficiaries receive a death benefit
Term insurance is affordable, making it an attractive option for individuals seeking high coverage at low premiums. Key features include flexible policy terms (e.g., 10, 20, 30 years), optional riders@, and tax benefits under Section 80C of the Income Tax Act.Read Less
Term insurance is a type of life insurance policy that provides financial protection for a specified period, known as the "term." Read more if the policyholder passes away during this term, the beneficiaries receive a death benefit
Term insurance is affordable, making it an attractive option for individuals seeking high coverage at low premiums. Key features include flexible policy terms (e.g., 10, 20, 30 years), optional riders@, and tax benefits under Section 80C of the Income Tax Act.Read Less
With Tata AIA Sampoorna Raksha Promise
Term insurance ensures your family remains financially secure by covering major expenses and liabilities in the event of an unexpected death. It is the most basic type of life insurance that provides financial coverage for a set period at an affordable premium.
Unlike other plans, regular term insurance does not offer any maturity benefits. However, you can opt for a "return of premium" feature, where the premiums paid are refunded if the policyholder survives the term
Choose a Tata AIA term insurance plan that suits your needs:
Term insurance ensures your loved ones receive financial support if you pass away within the policy term. It's a budget-friendly way to secure your family's financial future in case of any eventualities.
A term insurance plan operates simply:
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.
Term insurance is a widely embraced life insurance choice, offering vital financial protection to families in the unfortunate event of the policyholder's demise. With its affordability and simplicity, term insurance stands as an attractive option for various individuals and families across India.
Early-career professionals should strongly consider term insurance. It offers a safety net, guaranteeing their families' financial security in the absence of their income.
Couples entering marriage or parenthood should opt for term insurance. It safeguards the financial future of their partners and children, acting as a crucial support system.
Individuals supporting their families as sole earners must prioritise term insurance. In case of their unfortunate demise, this insurance provides a necessary financial cushion for their loved ones.
Those with home loans should secure themselves with term insurance plan. The policy ensures that outstanding loan amounts do not burden the family if the insured passes away.
Individuals with substantial debts, like education or personal loans, should seriously consider buying term insurance plan. This prevents passing on the debt responsibilities to their family.
Business owners can strategically utilise term insurance benefits to ensure business continuity and support their family's finances in case of their demise.
The self-employed should opt for term insurance policy to protect their families from the potential loss of income and business disruptions upon their demise.
Investors pay regular amounts towards investments for wealth generation, which might pause in case of their demise. Term insurance plan secures the future of an investor’s family and allows the continuation of the investments.
Adults caring for elderly parents should explore term insurance options. This provides financial security for the parents in case of the adult child's demise.
Those approaching retirement with dependents should consider purchasing term insurance plan. It offers coverage until dependents attain financial independence, easing the retirement transition.
Senior citizens looking to secure their spouses can consider term insurance with extended terms. Tata AIA term life insurance offer whole life cover up to 100 years of age$.
The invaluable contributions of homemakers need recognition. Term insurance for housewives can help cover the replacement costs of their services in the event of their passing..
More and more women are entering the workforce and contributing to the family income. Term insurance for women secures their families and ensures their financial stability.
Term insurance premium payments can reduce overall tax liability. The premiums paid are tax-deductible# under Section 80C of the Indian Income Tax Act.
Choosing the best term insurance plan in India involves aligning personal circumstances and responsibilities with financial goals. You can use our online term insurance premium calculator to ascertain suitable coverage amounts, policy durations and premium amounts.
Calculate Term Premium
Gender
Male
Montly premium starts from
Let us see why Tata AIA is a good choice for you to buy term insurance:
Our experts are happy to help you!
Here are some benefits of buying term insurance at a young age:
Lower Premiums: Younger individuals enjoy more affordable insurance premiums.
Long-Term Savings: Investing early leads to significant cost savings over time.
Financial Security: Provides extended coverage and financial protection from a young age.
Health Benefits: Lock in coverage before the risk of developing health issues increases.
Peace of Mind: Ensures loved ones are financially secure in case of unexpected events.
Tax Benefits: Get income tax# benefits as per applicable tax laws.
Age Group |
Why It’s the Right Time to Buy Term Insurance |
In Your 20s |
- Premiums are lower because of age and better health conditions. - Ideal for securing loans or family responsibilities in the future. |
In Your 30s |
- Financial responsibilities increase with marriage, children, and home loans. - Protect your family’s financial future. |
In Your 40s |
- Higher earnings but greater responsibilities like education and retirement planning. - Secures your family’s needs as you age. |
In Your 50s |
- Provides financial stability for dependents. - Aids in legacy planning and covers outstanding liabilities. |
Buying term insurance online is simple and hassle-free:
Once done, rest easy as you have ensured complete financial security for your loved ones and peace of mind for yourself!
Term insurance ensures your loved ones receive financial support if you pass away within the policy term. It's a budget-friendly way to secure your family's financial future in case of any eventualities.
A term insurance plan operates simply:
You select a coverage amount, policy tenure and riders and pay regular premiums for continued coverage.
The plan provides protection only during the chosen term. This can be 20 years, 40 years or even up to 100 years of age$
If you pass away during this time, your beneficiaries receive a tax-free# sum assured, either as a lump sum or regular payments.
Term insurance lacks a savings component and focuses solely on risk coverage and pure life cover.
Some term plans offer the sum of all premiums paid as a maturity/survival benefit.
Term plans offer cost-effective coverage. Younger, healthier individuals generally pay lower premiums.
If you surrender a term life insurance policy, you forfeit the death benefit. It means your policy nominee cannot make a claim against the surrendered policy. It is advisable to carefully consider your insurance and financial needs before surrendering a term insurance policy.
Here are the key term insurance features:
Our term insurance plans are available to policy buyers with a minimum entry age of 18. This means you need not wait until much later in life to protect yourself financially with our basic term plans.
Our term plans have flexible plan durations. You can protect yourself for the maximum plan term. For example, our Tata AIA Sampoorna Raksha Promise plan has an option of whole life coverage up to 100 years of age$.
With Tata AIA, you can choose the premium payment mode - Single Pay, Regular Pay, and Limited Pay. You can also select the premium payment frequency (monthly/quarterly/half-yearly/annually) per your budget and fund availability.
Our term plans allow you to adjust your plan coverage with your changing insurance needs at different milestones and life stages. With our Life Stage Benefit~, 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, lump sum + regular monthly payment or entire sum assured as regular monthly payouts.
You can opt for our Comprehensive Health Rider or the Comprehensive Protection Rider and get 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 paid** as a survival benefit.
The sudden disability or death of the earning member can disrupt their earning capacity. Add-on riders@ with accidental death and disability cover protect the family’s financial stability.
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 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 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. Higher the claim settlement ratio, 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 99.13%1 for FY 23–24.
Choose riders that offer benefits such as protection against critical illnesses$$, accidental death and disability, waiver of premium benefits and so on, as per your unique needs for targeted protection against various circumstances.
Tata AIA Benefit: We offer a choice of add-on riders@ 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 Benefit~ 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.
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 through our customer support. Additionally, you can visit our website and schedule a consultation with our expert advisors.
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 bond, 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.
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 an unnecessarily prolonged period 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 is advisable.
However, if you anticipate financial responsibilities and dependents beyond retirement or if you wish to leave behind a financial corpus for your loved ones, opt for a term plan with whole-life coverage up to 100 years of age$.
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 crores and name your spouse as the policy beneficiary, your spouse will receive ₹2 crores 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 crores 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 crores 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 insurance premiums vary for each policyholder based on several factors. Understanding these factors can help you take steps to reduce your premiums.
Most important factor in determining term insurance premiums. As younger people have lesser 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 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 insurance premiums are higher for people who engage in high-risk activities, like adventure sports and bike racing. Moreover, the term plan premium is higher for professionals who work in high-risk environments regularly, like pilots.
People who consume alcohol or smoke have to pay higher term insurance premiums than others because of the negative impact of these substances on health.
The premium for longer tenures will be lower than for shorter policy tenures for the exact coverage due to the assurance of long-term premium payments.
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.
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 processing 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.
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 till 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 a cheaper term policy quote and enjoy a longer, healthier life as a bonus.
The primary purpose of a term plan is to replace your income if you pass away during the policy term. Your nominee receives a tax-free sum assured, ensuring they have financial support to cover essential expenses.
The critical illness and terminal illness7 rider benefits provide financial assistance in case of diagnosis of the covered illness. Thus, your family can focus on your well-being without worrying about the treatment costs.
The payout from a term plan can be used to fund your children's education or other long-term financial goals like buying a home or starting a business. It empowers your family to achieve these aspirations, even in your absence.
Your family can continue their current lifestyle without major disruptions, including covering expenses like groceries, bills, shopping, rent/maintenance, property taxes, investments, insurance premiums, etc.
The term insurance payout can serve as an emergency fund, offering a financial cushion to address unexpected expenses or medical bills that may arise due to unforeseen circumstances.
The payable death benefit of term insurance is exempt from taxation# under Section 10(10D) of the Income Tax Act, subject to prevailing tax laws. Thus, your family can enjoy a significant payout without worrying about any tax liabilities.
Most importantly, a term life insurance plan provides peace of mind. Knowing that your family is financially protected allows you to focus on your responsibilities and enjoy life without the worry of what might happen to them in your absence.
List of Documents Required for Term 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 |
National Population Register | Letter issued by UIDAI |
National Population Register |
These are just suggestive documents, and the life insurance company may request additional documentation basis the policy conditions.
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, such as critical illness riders, ensuring enhanced protection.
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, indicating the insurer’s reliability.
Additional coverages, such as critical illness or accidental death riders, 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 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.
Our experts are happy to help you!
Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V05)
Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V08)
*Illustrated 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 Option with first year premium discount for digital purchase and 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.
##Illustrated Premium 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 with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. 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.
~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
~~Applicable for specific plan options. Please refer brochure for additional details.
$Not applicable under PoS, please refer sales brochure for more information.
&CritiCare Plus (CPB), Accidental Death (AD), Accidental Total & Permanent Disability (ATPD) are benefit options available under Tata AIA Vitality Protect (A Non-linked, Non-participating, Individual Health Rider) (UIN: 110B046V02). HospiCare (HCB) is a benefit option available under Tata AIA Vitality Health (A Non-linked, Non-participating, Individual Health Rider) (UIN: 110B045V01)
+Illustrated Premium is the monthly premium excluding taxes for selected age & gender, 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 for digital purchase and 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.
**In case the life assured survives till maturity, an amount equal to 100% of the total premiums paid (excluding loading for modal premiums) towards the benefit option shall be payable at the end of the policy term, provided the policy is not terminated earlier. 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.
#Income 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.
^This product offers first year digital discount of 10% and first year Salaried discount of 5% for Limited Pay/Regular Pay. For Single Pay, 1% digital discount and 1% salaried discount will be provided in the first year
@Rider 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.
Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V04 or any other later version) - A Non-Linked, Non- Participating Individual Health Rider, Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN: 110B031V03 or any other later version) - A Non-Linked, Non- Participating Individual Health Rider, Tata AIA Vitality Protect (A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V04), Tata AIA Vitality Health (A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V03) are available under this plan
1Individual Death Claim Settlement Ratio is 99.13% for FY 2023-24 as per the latest annual audited figures.
2Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of Rs. 50 lakhs. 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.
385,76,889 families protected till 31st December 2024.
4Retail Sum Assured for FY2023 is Rs 4,43,479 Crores
5As on 03rd April 2024, the company has a total Assets Under Management (AUM) of Rs.100,099.11 Crores
6Tata 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.
7Inbuilt Payout Accelerator Benefit pays out 50% of Effective Sum Assured opted in case of a Terminal Illness diagnosis
8Tata AIA Sampoorna Raksha Promise offers first year digital discount of 1% for Single Pay, 10% for Limited Pay/Regular Pay.
11This product offers first year discount of 5% for Limited Pay/Regular Pay and 1% for Single Pay to salaried customers.
12Illustrated Premium 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 with first year premium discount for digital purchase and 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.
9Illustrated 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 Option with first year premium discount for digital purchase and 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.
10Illustrated Premium 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 with first year premium discount for digital purchase and 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.
13Illustrated 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 with first year premium discount for digital purchase and 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.
$$Illustrated Premium is the monthly premium excluding taxes for 20 yr. old male, 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 for digital purchase and 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.
&&Illustrated Premium is the monthly premium excluding taxes for 30 yr. old male, 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 for digital purchase and 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.
++Illustrated Premium is the monthly premium excluding taxes for 40 yr. old fmale, 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 for digital purchase and 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.
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/Jan/0139
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