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Get 7% digital discount on first year premium

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    TATA AIA Life Insurance Co. Ltd will send you updates on your policy, new products & services, insurance solutions or related information. Select here to opt-in.

    Term Insurance


    Term insurance is the purest form of life insurance that offers life coverage for financial security to the policyholders for a specific policy “term” against fixed premiums. The policy term can be based on individual financial needs, ranging from a decade to several decades.

    In the event of the unexpected death of the policyholder, the nominee will receive the sum assured to secure their financial future. In addition, the policyholder benefits extend to include riders@ for enhanced coverage, flexible premium payment terms and policy tenure, and payout options.

    A term insurance plan can offer extensive coverage at an affordable premium. Premiums are determined based on key factors tailored to your profile. A ₹1 crore term life cover can be purchased at just ₹547 per month*.

    Understand the full range of term plan benefits, including comprehensive nominee protection, to make a prudent insurance investment decision for your family's well-being.


    Top Term Insurance Plans at Tata AIA

    Choose a Tata AIA term insurance plan that suits your needs:
     

    Tata AIA Life Insurance Term Plans

    Enjoy a Wide Range of Term Insurance Benefits

    • Whole Life Cover of up to 100$ Years

    • Return of Premium on Maturity**

    • 99.01% Individual Death Claim Settlement Ratio1

    • Express Claim Settlement under 4 hours2
    • Save Income Tax# up to 46,800+

    2T&C apply
     

    Need advice on a new plan?
    Let our experts get back to you.
     

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    TATA AIA Life Insurance Co. Ltd will send you updates on your policy, new products & services, insurance solutions or related information. Select here to opt-in.

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    Tata AIA Term Insurance Plan

    What is Term Insurance?

    A term insurance plan is the simplest form of li insurance offering life cover to the policyholder for a certain period. It offers a substantial amount of coverage for an affordable premium amount.

    If the insured person passes away during the policy term, the appointed nominee will receive the sum assured, i.e., the death benefit. This sum assured is paid based on the payout option (one-time lump sum or regular monthly payments) as chosen by the policyholder.

    A regular term life insurance plan does not offer the policyholder any maturity/survival benefits. However, you can purchase a term plan with a return of premium feature to get the sum of all premiums paid as a maturity benefit if you survive the policy term.
     

    With a term insurance plan, you ensure your family is financially secure in case of your unexpected demise. The sum assured allows them to live a respectful life and handle financial liabilities. 

    • Example

      Ms. Latha Iyer is a 20-year-old individual, who had purchased the Tata AIA Sampoorna Raksha Supreme term plan with a ‘Life Plus Option’, and a sum assured of ₹1 crore for a premium of just Rs 892/month^
       

      She appointed her spouse, Mr Raman Iyer, as her nominee. In case of Latha’s unfortunate demise during the policy term, Raman will receive a death benefit of ₹1 crore. Since Latha chose a regular payment mode for the sum assured payment, Raman will receive a monthly payout to help him take care of regular expenses and manage the income deficit. If Latha survives the policy term, she will be eligible to receive 105% of all premiums paid** as either a lump sum payout or a regular income.

    Term Insurance Benefits

    Term insurance is a crucial financial tool providing comprehensive coverage at an affordable premium. Its benefits extend beyond mere protection, making it an indispensable choice in your financial portfolio.

    • Financial Security: Term Insurance Death Benefit for Debts, and Future Needs

      Financial Security

      Term insurance provides a substantial death benefit to your beneficiaries in case of your untimely demise, offering them a safety net to cover expenses, debts and future needs.

    • Affordable Premiums: Obtain Higher Coverage with Term Insurance's Lower Premiums

      Affordable Premiums

      Compared to other life insurance options, term insurance offers lower premiums, enabling you to acquire higher coverage amounts within your budget.

    • Borrowing Security: Term Insurance Protects Family from Inheriting Financial Liabilities

      Borrowing Security

      If you have outstanding loans or debts, term insurance can act as a safety net for your family, preventing them from inheriting financial liabilities in case of your passing.

    • Income Replacement: Term Insurance Supports Family Living Expenses & Education

      Income Replacement

      If you are the primary earner in your family, term insurance replaces your income, supporting your family's living expenses, education and other financial commitments.

    • Term Insurance Maintains Family's Quality of Life

      Lifestyle Safeguard

      Your family's current lifestyle can be maintained even in your absence, thanks to the substantial payout from a term insurance policy, which can maintain their quality of life.

    • Flexibility and Customization: Tailor Term Policies to Your Needs

      Flexibility and Customisation

      Term policies can be tailored to your specific needs, allowing you to choose coverage duration, sum assured and riders like critical illness or accidental death coverage.

    Life is unpredictable, and term insurance provides a way to ensure your family's financial stability, offering peace of mind against unforeseen events and allowing you to focus on the present with confidence.
     

    • Who Should Buy Term Insurance

      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.
       

      Young Earners

      Early-career professionals should strongly consider term insurance. It offers a safety net, guaranteeing their families' financial security in the absence of their income.

      Newlyweds and Young Parents

      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.

      Sole Breadwinners

      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.

      Homeowners with Loans

      Those with home loans should secure term insurance. The policy ensures that outstanding loan amounts do not burden the family if the insured passes away.

      Young Debtors

      Individuals with substantial debts, like education or personal loans, should seriously consider term insurance. This prevents passing on the debt responsibilities to their family.

      Entrepreneurs and Business Owners

      Business owners can strategically utilise term insurance to ensure business continuity and support their family's finances in case of their demise.

      Other Self-Employed Individuals

      The self-employed should opt for term insurance to protect their families from the potential loss of income and business disruptions upon their demise.

      Investors

      Investors pay regular amounts towards investments for wealth generation, which might pause in case of their demise. Term insurance secures the future of an investor’s family and allows the continuation of the investments.

      Individuals with Dependent Elderly Parents

      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.

      Retirement Planning

      Those approaching retirement with dependents should explore term insurance. It offers coverage until dependents attain financial independence, easing the retirement transition.

      Senior Citizens

      Senior citizens looking to secure their spouses can consider term insurance with extended terms. Tata AIA term life policies offer whole life cover up to 100 years of age$.

      Housewives

      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.

      Women

      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.

      Taxpayers

      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 right term insurance policy in India involves aligning personal circumstances and responsibilities with financial goals. You can use our online term plan calculator to ascertain suitable coverage amounts, policy durations and premium amounts.

    Happy and Secured NRI Family

    Need help in choosing the right insurance plan?

    Talk to our Financial Advisor today. 


    Get personalized guidance to choose the best-fit insurance plan for your specific needs.
     

    Happy and Secured NRI Family
    Happy and Secured NRI Family
    Need help in choosing the right insurance plan?

    Talk to our Financial Advisor today.


    Get personalized guidance to choose the best-fit insurance plan for your specific needs.
     

    Happy and Secured NRI Family

    Other Tata AIA Term Insurance Plan Benefits:
     

    • 01

      Whole Life Coverage

      Term plans like Tata AIA Sampoorna Raksha Supreme and Tata AIA Sampoorna Raksha Supreme offer coverage up to 100 years of age$, providing protection throughout your lifetime and ensuring financial security for your loved ones, even in your absence.
    • 02

      Extensive Cover, Affordable Premiums

      Enjoy substantial coverage at affordable premium rates, allowing you to secure your family's financial future without straining your budget. For instance, a 20-year-old female can get a coverage of ₹1 Crore for a premium starting at Rs 547 per month*.
    • 03

      Return of Premium

      Tata AIA Sampoorna Raksha Supreme provides a Return of Premium, wherein if the policyholder survives the policy term, the premiums paid are returned. Insured can get 105% of the premiums** as a lump sum or a regular payment.
    • 04

      Choice of Riders

      Tata AIA offers various rider@ options with its term plans, allowing you to customise your coverage according to your specific needs. You can choose from waiver of premium rider, accidental death and disability rider, and comprehensive health and protection riders.
    • 05

      Health Cover

      Avail of health-based insurance solutions with health riders and combo plans with wellness offerings like Tata AIA Vitality6 that can help you get discount^^ on rider premium based on your wellness status.
    • 06

      Terminal Illness Benefit

      In case of a terminal illness7 diagnosis, get a 50% accelerated payout to help manage medical expenses and provide financial support during a challenging time.
    • 07

      Life Stage Benefit

      Tata AIA term plans offer life stage-based benefits~, adjusting the coverage and benefits as per your changing life circumstances, such as marriage, childbirth/adoption or availing of home loans.
    • 08

      Combination Plans with Inbuilt Covers

      Tata AIA offers combination plans that come with built-in covers, allowing you to address multiple financial needs, such as protection and health, through a single insurance policy.
    • 09

      Flexible Premium Payment Options

      Enjoy flexibility in premium payment options - monthly, quarterly, or annually, enabling you to choose a payment frequency that suits your financial situation.
    • 10

      Choice of Payout Options

      You can choose from multiple sum assured payout options, such as lump-sum payment, regular income, or a combination of both, giving your loved ones financial flexibility.
    • 11

      Claim Settlement Ratio

      With an individual death claim settlement ratio1 of 99.01% in FY 2022-23, Tata AIA indicates a strong commitment to fulfilling claims promptly and supporting policyholders' families during challenging times.
    • 12

      Tax Benefits

      Premiums paid towards term insurance plans and health riders are eligible for tax# deductions under Section 80C and 80D, respectively, of the Income Tax Act, allowing you to save on taxes. Similarly, the death benefit paid out to your nominee or the maturity benefits under return-of-premium term plans are exempted from tax under Section 10(10D).
       
    • How Much Term Insurance Cover Do You Need?

      • 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 your income ceases to exist.
      • 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 understand the amount of term insurance coverage you need as a replacement for your income.


     

    When is the Right Time to Buy Term Insurance?


    At the earliest!

    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.


    The perfect time to buy a term insurance plan is when you're young.  As you age, the chances of developing different illnesses go up. This, in turn, increases the risk of insuring you and thus, insurance premium becomes more expensive.

    At the same time, buying a term plan early ensures longer coverage and extended protection for you and your loved ones. Let us look at how term insurance premiums go up with age.

    How to Buy the Right Term Insurance policy

    Buying term insurance online is simple and hassle-free:

    • Enhanced Understanding: Access Policy Details Online

      Calculate the Right Sum Assured and Tenure

      Assess your current financial status, future financial requirements, and your dependents’ needs. Account for any loans, liabilities, and significant expenses. Find the correct sum assured and duration of term insurance and choose a plan that offers you that.

    • Compare Plans: Evaluate Multiple Insurers for Best Fit

      Finalise the Features and Inclusions

      Do not forget to check the list of inclusions, exclusions, features, and riders. List your requirements from a term plan, such as critical illness coverage, return of premium benefit, premium payment flexibility, specific riders, etc.

    • Online Discounts: Save on Term Insurance Premiums

      Compare Plans

      Based on your specific needs, research, compare and finalise term insurance options available. Use an online term insurance calculator to select a plan that suits your budget and offers the desired coverage.

    • Transparent Process: Direct Submission, Active Involvement

      Apply and Pay the Premium

      Complete the online application for the plan of your choice, provide the necessary information, upload all the required documents, and review the policy terms before paying the premium online.


    Once done, rest easy as you have ensured complete financial security for your loved ones and peace of mind for yourself!

    Types of Term Insurance
     

    Pure Protection Term Plans

    A simple form of term life insurance, offering a death benefit to beneficiaries if the insured person passes away during the policy term, with no maturity or cash value. Tata AIA Sampoorna Raksha Supreme offers you large life cover at affordable rate.

    Term Plan with Return of Premium

    A variant of term insurance where if the policyholder survives the policy term, they receive a refund of the total premiums paid. Tata AIA Sampoorna Raksha Supreme offers 105% premium back with Life Plus option**

    Term Insurance with Wellness Benefits

    These plans offer additional features like health check-ups and discounts on premiums for maintaining a healthy lifestyle during the policy term.

    Term Insurance with Health Benefits

    Combines term life coverage with health-related features such as critical illness coverage or hospitalization benefits to provide a more comprehensive protection plan.


    How Does Term Insurance Work?

    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:

    • Purchase: You select a coverage amount, policy tenure and riders and pay regular premiums for continued coverage.
    • Coverage Period: The plan provides protection only during the chosen term. This can be 20 years, 40 years or even up to 100 years of age$.
    • Death Benefit: If you pass away during this time, your beneficiaries receive a tax-free# sum assured, either as a lump sum or regular payments.
    • No Cash Value: Term insurance lacks a savings component and focuses solely on risk coverage and pure life cover.
    • Return of Premium: Some term plans offer the sum of all premiums paid as a maturity/survival benefit.
    • Affordable: Term plans offer cost-effective coverage. Younger, healthier individuals generally pay lower premiums.

       
    • What Happens if You Die While Your Term Insurance Policy is in Force?

      If you meet with an untimely death during the policy term, your beneficiary or policy nominee gets the sum assured as a death benefit, as per the policy terms.
       

      For instance, Mr Mayur Mishra bought a term insurance policy of ₹50 lakhs for a policy term of 20 years. He nominated his wife, Mrs Madhuri Mishra, as his beneficiary. 15 years after purchasing the policy, Mr Mishra unfortunately passed away. Since, his demise was within the policy tenure of 20 years, his wife will receive the predetermined sum assured of ₹50 lakhs.
       

      If Mr Mishra had passed away after the policy tenure of 20 years, the policy would have expired, and Mrs Mishra wouldn’t be eligible to receive the death benefit. Therefore, it is vital to re-evaluate your term insurance tenure and sum assured from time to time.

    • What happens if You Surrender Your Term Insurance Policy?

      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.

    How to Choose the Best Term Insurance Plan?

    • Policy cover amount
      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. 

    • Term Insurance Premium
      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.

    • Eligibility Criteria
      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.

    • Payout Options
      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.

    • Claim Settlement Ratio
      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 99.01%1 for FY 22–23.

    • Riders / Add-on cover
      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.

    • Inflation
      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 plans to allow increasing the sum assured at important milestones, such as marriage, birth/adoption of a child, etc.

    • Policy comparison
      It is always better to compare various term insurance plans and make an informed choice instead of picking the first plan you see. The term policy comparison 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.

    • Engage an insurance adviso
      If you want to understand how to choose a term life 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.

    • Policy terms and conditions
      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.

    How Long Should the Term Insurance Policy Period Be?

    Choosing the right 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$.

    What are the Payout Options in Term Life Insurance?

    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:
     

    • 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.


      Example
       - 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.


      When to buy
       - 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.


      Example
       - 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.


      When to buy
       - 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.


      Example
       - 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.


      When to buy
       - 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.


     

    • Factors that Affect Term Insurance Premium

      Detailed calculations go into determining term insurance premiums. The premiums for term insurance are different for different policyholders due to several factors that contribute to the premium calculation. Knowing these factors that contribute can help you make efforts to lower the policy premiums.

      Let us see the essential factors that affect term insurance premiums.
       

      Age

      Young policyholders are healthy, have fewer health concerns and are less likely to make a claim on their term plan. For this reason, term insurance premiums are lower for younger policyholders with a lesser probability of claims.

      Sum assured

      The higher the sum assured, the higher is the cost of covering the policyholder. As a result, a ₹1-crore term insurance plan will be more expensive than a ₹75-lakh plan.

      Individual and family medical history

      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.

      Gender

      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.

      Lifestyle

      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.

      Smoking and drinking habits

      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, which increases the chances of claims.

      Policy tenure

      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.

    • What are Term Insurance Riders

      • Term plan riders@ 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 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 illness7 riders provide financial protection upon diagnosis of the covered illness.

      • One of the popular term insurance riders, 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.

    Tata AIA Term Insurance Riders to Choose From
     

    A Non-Linked, Non- Participating Individual Health Rider (UIN:110B031V02)

    Tata AIA Life Insurance
    Non-Linked Comprehensive Health Rider

    Choice of one or more risk covers, including illness, hospitalisation, and disability. Provides coverage against minor illnesses or injuries, major illnesses and enables multiple claims.

    A Non-Linked, Non- Participating Individual Health Rider (UIN:110B033V02)

    Tata AIA Life Insurance
    Non-Linked Comprehensive Protection Rider

    Choice of one and more risk covers, including death, critical and terminal illness, accidental death/disability, etc. Option to receive the benefit either as a lump sum, fixed benefit income till the survival of the partner or as a waiver of premium.

    A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V02)

    Tata AIA
    Vitality Protect

    The Tata AIA Vitality Protect lets you select your choice of protection against a range of health conditions, stay protected against uncertainties such as Death, Accidental Death & Disability, Critical Illness etc.    

    A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V01)

    Tata AIA
    Vitality Health

    Tata AIA Vitality Health helps you focus on your physical and mental wellbeing and cover you for a range of health emergencies e.g., Multistage Cancer and Cardiac conditions, Hospitalization benefits and more.


     

    • Sampoorna Raksha Supreme - Our Best Term Insurance Plan

      Avail of 105% Premium Back

      Get 105% of all the premiums paid** as a survival benefit with the Life Plus Plan Option.

      Enjoy Whole Life Cover

      Ensure extended coverage and financial protection for your loved ones with term plan coverage up to 100 years of age$.

      Increase Sum Assured

      Increase coverage with the Life Stage Benefit for important milestones~, such as marriage, birth/adoption of child, home loan disbursal, etc.

      Improve Protection with Riders

      Enhance your base plan coverage with a choice of 4 riders@ and get protection against critical illness, accidental death/disability, etc.

      Pay Premiums as Per Convenience

      You can opt for varied premium payment frequencies, such as monthly, annually, quarterly or a one-time payment.

      Get In-built Benefits

      Get an in-built Payor Accelerator Benefit that pays out 50% of the sum assured as a lump sum upon diagnosis of a terminal illness7.

      Enjoy Tax Benefits Up to ₹46,800

      Get tax deductions up to ₹46,800+ under Section 80C of the Income Tax Act. The death benefit is tax-free per Section 10(10D).


     

    Importance of Sum Assured in Term Insurance

    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.

    With Tata AIA Sampoorna Raksha Supreme term plan, you can avail of the Life Stage benefit~, wherein you can increase your sum assured at critical junctures, such as home loan disbursal (as a safeguard against the significant debt) and marriage and birth or adoption of children (to account for the added responsibilities and dependents).


    Why Buy Term Insurance Online?

    Buy a term insurance plan online for the following benefits:

    • Better understanding

      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.

    • Plan comparison

      You can visit the websites of multiple insurers and compare their plans. You can also explore the website of your chosen insurer and check various offerings. This way, you can choose the term plan that best suits your financial goals.

    • Discounts and offerings

      Insurers often provide discounts and other special benefits to customers who purchase term insurance online. It can help reduce your term insurance premium.

    • Transparency

      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.

    • Save Time: Online Term Insurance Purchase

      Less time

      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.

    • Multiple secure payment options

      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.


    How to Make Term Insurance More Affordable?

    Worried about the term insurance cost? Here are a few ways to get affordable term insurance:
     

    • Start early

      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.

    • Avoid smoking

      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.

    • Choose the right tenure

      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.

    • Develop healthy habits

      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.

    How Does a Term Plan Secure Your Family’s Financial Future?

    • Emergency Fund: Term Insurance Provides Financial Cushion

      Income Replacement

      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.

    • Crisis Management: Financial Support for Illness Diagnoses

      Health Crisis Management

      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.

    • Debt Settlement: Ensure Family's Financial Stability

      Debt Settlement

      Term insurance helps settle outstanding debts or loans, preventing your family from being burdened with financial liabilities. This ensures that they can maintain their lifestyle and assets without the risk of losing them to debt repayment.

    • Education & Goals: Term Plan Payout for Future Aspirations

      Education and Future Goals

      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.

    • Secure Payment Options: Quick, Convenient, Reliable

      Maintaining Lifestyle

      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.

    • Income Replacement: Financial Support for Nominee

      Emergency Fund

      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.

    • Tax Benefits: Exempt Death Benefit, Secure Payout

      Tax Benefits

      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.

    • Family Financial Protection

      Peace of Mind

      Most importantly, a term 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.


     

    • Most Common Term Insurance Myths

      Let us debunk some common term insurance myths for you:
       

      Myth: Term insurance is not worth it!

      Reality: Life is uncertain. Think about what would happen to your family if you were not there to provide for them anymore. A term insurance plan has an important role to play here. The death benefit on a term plan can save your family from financial difficulties and life constraints in your absence. Buying term insurance not only helps you secure your coming years but is also a judicious investment today.

      Myth: Term insurance is too expensive! 

      Reality: Term insurance offers substantial coverage for a low premium compared to other insurance plans. You can get a high amount as a death benefit on a term plan for a relatively low premium. Moreover, you can make your term plan more affordable with a few simple steps. The term insurance premium is a small amount compared to the financial protection it gives to your family.

      Myth: Term insurance is only for young people!

      Reality: While it is advisable to get term insurance as early in life as possible, its importance only increases with age. This happens because as you grow older, the number of your dependents increases, like ageing parents, spouses, and growing children. Therefore, the relevance of term insurance in your financial planning increases as you age.

     

    Documents Required to Buy Term Insurance

    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 insurance company may request additional documentation basis the policy conditions.

    Term Insurance Eligibility

    Age: You must be between the ages of 18 and 65 to buy a term insurance plan. The age at which you buy term insurance plays a role in determining your policy premium.

    Citizenship: You must be an Indian citizen to buy term insurance in India. However, your policy coverage stays unaffected if you go overseas for higher education or work after purchasing a term plan.

    Medical Reports: You must provide the necessary medical reports and undergo some diagnostic tests if required. Additionally, provide correct information about your medical history to avoid complications in the claim process.

    Looking to buy a new insurance plan? 

    Our experts are happy to help you!

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    Term Insurance Related Articles

    Term Insurance Related FAQs

    Quick Facts Policy Cover Premium Claim

    Can I buy term insurance plans online?

    Yes, you can buy a term insurance plan online. In fact, there are several benefits of buying a term plan online, like, you can make a more informed buying decision, avail of discounts from the insurer, compare multiple term plan offerings, purchase a term plan quickly, etc.

    Is it better to have more than one term insurance plan?

    Though people can have more than one term insurance plan, having a single policy with coverage suffices for your family’s needs is better. With multiple term insurance plans, the burden of remembering term insurance premium payment dates and the insurance cost increases and can become difficult to maintain.

    How much term insurance does one need?

    The term insurance coverage should be sufficient to allow one’s family to continue with the same living standard even when the regular income ceases to exist. According to financial experts, a term insurance policy coverage must be a minimum of 15 to 20 times the insured’s existing income.

    Do Tata AIA Life Insurance term plans offer a free-look period?

    Yes, Tata AIA Life Insurance offers a free look period of 15 days on the term insurance plans purchased offline, while the free look period is extended to 30 days in case of term plans purchased online.

    Can I avail of tax benefits under a term insurance plan?

    Yes, term plans offer tax benefits#. Term insurance premiums paid towards the policy are eligible for tax deductions, and the death benefits qualify for tax exemptions as per applicable tax laws.

    Is it good to invest in term insurance?

    Yes, term insurance is a great investment choice because it provides a high sum assured for a low policy premium and ensures your loved ones are protected even in your absence.

    How to find the best term insurance?

    The best term plan is the one that offers sufficient coverage to provide financial support to your loved ones in case of your untimely demise at affordable policy premiums. Also, there should be an option to add rider benefits to the plan to increase its coverage scope.

    What is the difference between a term plan and a term plan with a return of premium?

    A term plan offers pure life cover protection to your family in the event of the untimely demise of the life assured. If you survive the policy term and once the policy term is over, no other benefits are payable after the coverage ends.

    In the case of a term plan with a return of premium, your loved ones can avail of a death benefit from the term plan sum assured in case of your untimely demise. And if you survive the policy term, the term plan will offer a return of the total premiums paid on maturity.

    What are the features of a term plan?

    Here are the key term insurance features from Tata AIA:

    • Low entry age

    • Long-term protection

    • Adjustable cover

    • Payment flexibility

    What are the primary benefits of a term plan?

    Some primary benefits of a term plan are:

    • High life cover at affordable premiums

    • Long-term coverage: 

    • Protection against liabilities

    • Riders for additional benefits

    • Multiple premium payment options

    • Death/survival benefit

    Who should buy a term plan?

    Individuals under any of the following categories can buy a term plan:

    • Young individuals

    • Parents in a family

    • Newly married couples

    • Working women

    • Taxpayers

    • Self-employed individuals

    • Investors

    • Retired individuals

    What are the term insurance policies offered by Tata AIA Life Insurance?

    The popular term insurance policies offered by Tata AIA Life Insurance are:

    • Tata AIA Sampoorna Raksha Supreme (A Non-Linked Non-Participating Individual Life Insurance Plan (UIN:110N160V04) 

    • Tata AIA SRS Vitality protect (A Non-Linked Non-Participating Individual Life Insurance Plan)

    Solution Composition:

    Tata AIA SRS Vitality Protect is a term solution which includes Tata AIA Life Insurance Sampoorna Raksha Supreme, a non-linked, non-participating, individual life insurance plan (UIN: 110N160V04) and Tata AIA Vitality Protect, a non-linked, non-participating, individual health rider (UIN: 110B046V02). Tata AIA Life Insurance Sampoorna Raksha Supreme is also available individually for sale

    Can I choose plan options under a term insurance plan?

    Yes, you can choose plan options under a term plan. For example, under our Tata AIA Sampoorna Raksha Supreme, you can choose from 4 different plan options – Life Option, Life Plus Option, Life Income Option and Credit Protect Option.

    What happens at the end of your term life insurance policy?

    When you buy term insurance, your family is covered by the policy and the life insurance coverage as long as the duration of the policy term. At the end of your term life insurance policy, your life insurance coverage will be terminated, and the term plan benefits will no longer be valid.

    What is the best age to buy a term policy?

    You can buy term insurance at any age, depending on how many years you want to provide life insurance coverage for your family. However, when you purchase a term plan earlier in life, for instance, in your 20s, you are young and less prone to health risks.

    Since term insurance considers the medical condition of the policyholder when calculating premiums, a younger individual will be able to get term insurance for lower premiums owing to lower health risks. As you grow older, your body becomes more susceptible to health risks which can lead to an increase in the premiums.

    What happens to term insurance after maturity?

    If you have a term plan with a return of premiums, the policy will pay out a total of all the premiums paid during the policy term, subject to your survival till the end of the policy term. If you have a pure term plan that only offers a simple life cover, there will be no maturity benefits at the end of the policy term.

    Should I buy a term or traditional life insurance plan?

    A traditional life insurance plan can offer you and your family life insurance coverage. However, such plans are quite standard and may not offer a lot of flexibility in terms of the sum assured, the policy period, or the premium payment term.

    On the other hand, a term insurance policy enables you to avail of a large sum assured for very affordable premiums. You can further reduce your premium payments by choosing a longer premium payment term and policy term that protects your family for a longer period.

    Do I need a term plan in my 50s or 60s?

    A term insurance plan can secure you in multiple ways. While you may not be able to provide financial protection to your family if you buy a term plan late in life, you can add rider benefits to the plan and avail of financial protection in various circumstances like illness and accident.

    What are the types of term insurance policies?

    These are the following types of term insurance policies:

    • Level Term Plans

    • Increasing Term Insurance

    • Decreasing Term Insurance

    • Convertible Term Plans

    • Return of Premium Term Plans

    What if I become an NRI after purchasing a term plan?

    If you become an NRI after purchasing a term plan in India, you can continue paying the premiums through a Non-Resident Ordinary (NRO) account in Indian currency while the policy offers life insurance coverage. In case of your demise, whether abroad or in India, your nominee can file the claim, and the death benefits will be paid out to your family.

    What will happen if I don’t die till my term plan is over?

    In case you opt for a term insurance plan with no Return of Premium benefits, then if you survive the policy term of your pure term plan, the policy will end, and no additional benefits are applicable.

    Why should one buy a term plan?

    A term plan is a great way to secure your family against life’s uncertainties and financial burdens.

    How can I renew my Tata AIA Life Insurance term plan?

    You can renew your term insurance plan online with Tata AIA with a quick, simple, and online renewal method to continue enjoying your policy benefits with us.

    Is natural death covered under term insurance?

    Yes, all types of natural deaths are covered under term insurance. Please refer to the policy document for detailed information on specific term insurance policy inclusions and exclusions.

    Do any Tata AIA Life Insurance term plans offer a return on premium?

    Yes, Tata AIA Sampoorna Raksha Supreme (A Non-Linked Non-Participating Individual Life Insurance Plan (UIN:110N160V04) Life Plus Option offers a 105% return of premium** on the total premiums paid at the end of the policy term if the policy stays in effect until then.

    Do Tata AIA term plans offer whole-life coverage?

    Yes, Tata AIA Sampoorna Raksha Supreme (term insurance plans) have options that offer whole life insurance coverage till the age of 100 years$.

    How to choose the sum assured of a term plan?

    The sum assured of a term insurance plan will be based on the financial support needed by your family at a future date. Therefore, you will have to consider all their expenses, any major events, outstanding loans, and debts, as well as the inflation rate while deciding on a term plan sum assured.

    What riders can I add to my Tata AIA term plans?

    These are the following riders@ you can add to your Tata AIA term insurance plan:

    • Tata AIA Vitality Protect - A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V02)

    • Tata AIA Vitality Health - A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V01)

    • Tata AIA Non-Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN:110B033V03)

    • Tata AIA Non-Linked Comprehensive Health Rider – A Non-Linked, Non- Participating Individual Health Rider (UIN:110B031V03)

    Can the term plan coverage be increased when needed?

    Yes, an increasing sum assured term plan allows you to increase the term plan coverage at various life stages to help meet your changing financial goals. With Tata AIA, you can buy our Life Stage~ option under Tata AIA Sampoorna Raksha Supreme (A Non-Linked Non-Participating Individual Life Insurance Plan (UIN:110N160V04) and increase your coverage at important milestones in your life.

    What is the in-built Payor Accelerator benefit?

    The inbuilt Payor Accelerator benefit is a feature under the Tata AIA Sampoorna Raksha Supreme plan that accelerates the payout of 50% of the base sum assured7 to the policyholder in case of a terminal illness diagnosis.

    What types of deaths are not covered by term insurance?

    While term plans cover natural deaths and deaths due to health conditions and illnesses, such a policy will not cover death by suicide within a year. Please refer to the exclusions as mentioned under a term plan for details before opting for the policy.

    How can I get ₹1 crore term insurance?

    To get 1 crore term insurance, you should meet the insurer’s eligibility criteria for such a high sum assured. Moreover, ensure that you can comfortably pay the policy premium for ₹1 crore term insurance.

    What are the important factors that affect the term insurance cost?

    Term insurance costs can be affected by the following factors:

    • Age

    • Individual and family medical history

    • Gender

    • Lifestyle

    • Smoking and drinking habits.

    • Policy tenure

    • Sum assured.

    How do I calculate the premiums of my term insurance plan online?

    You can conveniently calculate the premiums of your term insurance plan online by using the term insurance premium calculator on our website. Simply enter a few basic details into the online calculator and get your policy quote without any manual calculation.

    What are the premium payment frequencies for Tata AIA Life Insurance term plans?

    The term insurance premium payment frequencies under Tata AIA Life Insurance term plans are annual, half-yearly, quarterly, monthly and Single Pay.

    Are there lower term plan premiums for women policyholders?

    According to various studies, women have a longer life expectancy than men. Therefore, the term plan premiums are lower for women policyholders. Tata AIA Life Insurance offers term plan for women policyholders.

    Will my term insurance premium amount increase with optional riders?

    Yes, rider benefits added to the term plan come at an incremental premium and help by providing very comprehensive protection. By choosing the riders@ wisely, you can enhance the policy coverage without increasing the policy cost unnecessarily.

    What happens if you stop your premium payments?

    If you stop your term insurance premium payments and cross the expiry date, Tata AIA Life Insurance offers a grace period of 15 days (for monthly frequencies) and 30 days (for yearly and half-yearly frequencies). If you cannot make the payment within this period, the policy will lapse, and you and your family will not be able to gain any benefit from the plan.

    Do term insurance premiums increase every year?

    One of the benefits of having a term plan is that you can lock in the policy premiums when you purchase the term plan. That way, if you buy insurance early in life, you can avail of low premiums all throughout the policy period, even if the sum assured is high.

    However, if you opt for optional riders or a life stage benefit~ for additional coverage, these factors may lead to an increase in the premiums over the years.

    What is the importance of the claim settlement ratio?

    The claim settlement ratio of insurance providers helps you understand if they will be able to settle your claims on time without any hassles. A higher term plan claim settlement ratio is a good indicator and means that the insurance provider has settled maximum claims in a financial year out of all the claims received. Tata AIA Life Insurance has an individual death claim settlement ratio of 99.01%1 for FY 2022 – 23.

    What documents are needed while filing a term insurance claim?

    To learn about all the term life insurance policy documents needed for the claim intimation and settlement process, please click here.

    What is the process of raising a term insurance death claim?

    If you want to file a claim with us, you can choose any of the options below:

    • Send us an email at: customercare@tataaia.com

    • Call our helpline number - 1860-266-9966 (local charges apply)

    • Visit any of our Tata AIA Life Insurance Company branch offices.

    • Write to us at the below address:

    The Claims Department,

    Tata AIA Life Insurance Company Limited

    B- Wing, 9th Floor,

    I-Think Techno Campus,

    Behind TCS, Pokhran Road No.2,

    Close to Eastern Express Highway,

    Thane (West) 400 607.

    IRDA Regn. No. 110

    What are the different term plan claims that can be filed?

    Some of the term plan claims that can be filed are: 

    • Death claim

    • Cashless and reimbursement claim

    • Hospitalisation and dismemberment claim

    • Natural calamity claim

    • Death of Payor claim

    • Critical illness and disability claim

    Can a claim be processed if the nominee does not live in India?

    Yes, if a nominee from outside India wants to file a claim, they can upload attested copies of their documents through email or online. To file the claim online, they will need to courier the documents to a representative in India who can come to our office and file the claim on their behalf.

    Why can the insurer deny my term insurance claim?

    An insurer can deny your term insurance claim if you fail to submit the required information to process the claim. Additionally, if any of the documents or information you provided at the policy inception are found to be fraudulent, your insurance claim can be denied.

    • Term Insurance Features

      • Low age of entry

      • Significant sum assured with affordable premium.

      • Lifetime cover up to 100 years of age$

      • Flexible premium payment modes and frequencies.

      • Adjustable sum assured and coverage.

      • Death benefit payouts as a lump sum and regular monthly payout

      • Life Stage Benefit~

      • Coverage against critical illness and terminal illness with riders

      • Accidental Death and Disability Coverage with riders

    • Term Insurance Benefits

      • Financial Security: Provides a tax-free lump sum payment to beneficiaries, helping them maintain their financial security after the policyholder's death.

      • Affordability: It is cost-effective and ideal for individuals looking for maximum coverage with minimal premiums.

      • Flexibility: Policyholders can choose the coverage amount and term length that suits their needs.

      • Peace of Mind: Offers peace of mind by ensuring loved ones are financially protected in case of an unexpected death.

    • Who Should Buy Term Plans?

      • Primary earners: Main income earners in a family who want to ensure financial security for their dependents.

      • Parents: Parents seeking to provide for their children's education and other financial needs.

      • Debt Holders: Individuals with outstanding loans, such as home loans, credit card bills, etc., to cover these liabilities.

      • Young Professionals: People in their early working years can benefit from lower premiums and long-term coverage.

      • Business Owners: Business owners can use term insurance to safeguard their companies and provide for succession planning.

    • Best Time to Buy Term Plans

      • Early Age: Purchasing term insurance at a younger age generally results in lower premiums.

      • Major Life Events: Events like marriage, having children or buying a home are excellent times to consider term insurance.

      • Health Condition: Securing coverage while in good health can lead to more affordable premiums.

      • Responsibilities: Buy term insurance when you have dependents or financial responsibilities that require protection.

    Understand Term Insurance Related Concepts

     

    • Sum Assured

      Sum assured in term insurance is the predetermined amount that the insurance company pays to the nominee if the insured person passes away during the policy term.

    • Term Insurance Premium

      Term insurance premium is the regular payment - monthly, quarterly, annually - made by the policyholder to the insurance company to maintain the term plan coverage for a specific duration.

    • Death Benefit

      Term insurance death benefit is the money that the insurance company pays to the family or beneficiaries if the person who is insured passes away during the policy period.

    • Return of Premium Term Plan

      A term plan with a return of premium returns the total amount of premiums paid as maturity/survival benefit if the insured person survives the policy term. Thus, this term plan combines protection with a savings element.

    • Add-on Riders

      Term plan riders@ are optional add-ons that enhance coverage, offering benefits like critical illness, disability protection, health covers and more. These allow term plans to be tailored to individual needs for added security.

    • Claim Settlement Ratio

      The claim settlement ratio is the percentage of insurance claims approved and paid by the company against the total claims received, showing its reliability in fulfilling policyholders' claims and honouring agreements.

    • Whole Life Cover

      Whole life cover in a term plan provides insurance coverage for the entire lifetime of the insured person, usually up to 100 years of age$, offering financial protection to beneficiaries upon their passing.

    • Life Assured

      It refers to the person whose life is covered by the insurance policy. In case of any unfortunate event, the death benefit is provided to the beneficiaries.

    Disclaimer

    • The complete name of Tata AIA Sampoorna Raksha Supreme is Tata AIA Life Insurance Sampoorna Raksha Supreme (UIN:110N160V04) - A Non-Linked Non-Participating Individual Life Insurance Plan. 

    • *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 Option. 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.

    • ~Applicable for specific plan options. Please refer brochure for additional details.

    • +Tax benefits of up to ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000. Tax benefits under the policy are subject to conditions laid under Section 80C, 80D,10(10D), 115BAC and other applicable provisions of the Income Tax Act,1961. Good and Service tax and Cess if any will be charged extra as per prevailing rates. The Tax Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above. 

    • $Applicable for specific plan options. Please refer brochure for additional details.

    • **Under Life Plus Option, an amount equal to the 105% 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.

    • ^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 40 yrs. (Regular Pay) under Life Plus Option. 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.

    • @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:110B033V02 or any other later version) - A Non-Linked, Non- Participating Individual Health Rider, Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN: 110B031V02 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:110B046V01), Tata AIA Vitality Health (A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V02) are available under this plan 

    • ^^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 or Cover Booster (applicable post premium payment Term) shall be 15% for Accidental Death, Accidental Total & Permanent Disability, 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.

    • InstaProtect Solution comprises of Tata AIA Life Insurance Sampoorna Raksha Supreme (UIN: 110N160V04), Tata AIA Vitality Protect (UIN: 110B046V02) & Tata AIA Vitality Health (UIN: 110B045V01)

    • $$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)

    • 1Individual Death Claim Settlement Ratio is 99.01% for FY 2022 - 23 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.

    • 372,34,092 families protected till 31st March 2023.

    • 4Retail Sum Assured for FY2023 is Rs 4,43,479 Crores

    • 5As on 31st August 2023, the company has a total Assets Under Management (AUM) of Rs. 81,601.11 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. 

      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 a medical advice or a substitute to a consultation/treatment by a professional medical practitioner.

    • 7Inbuilt Payout Accelerator Benefit pays out 50% of Effective Sum Assured opted in case of a Terminal Illness diagnosis

    • 8Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for 50 Lakhs. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Option. 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 75 Lakhs. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Option. 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 Option. 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.

    • 11Illustrated 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 Option. 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.

    • 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/2023/Oct/3307