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Term insurance provides financial protection for a specific period, ensuring that your family receives a sum assured/life cover if you pass away Read more during the term. Secure your family’s future with Tata AIA Term Insurance, get ₹1 Crore life cover at just ₹501/month1. Enjoy affordable premiums, flexible terms and speedy claim settlement. Read less
Term insurance provides financial protection for a specific period, ensuring Read more that your family receives a sum assured/life cover if you pass away during the term. Secure your family’s future with Tata AIA Term Insurance, get ₹1 Crore life cover at just ₹501/month1. Enjoy affordable premiums, flexible terms and speedy claim settlement. Read less
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Rated by 47,451 customers
Term insurance offers a simple and affordable way to protect your family’s future by providing financial coverage for a specific period. If the policyholder passes away during this period, the beneficiaries receive a death benefit.
A term plan usually does not provide any payout if you outlive the policy period. But some people choose a plan with a ‘return of premium’ option. In that case, the amount you paid as a premium will be returned if you outlive the policy.
For example, a 20-year-old non-smoker can get term life insurance of ₹1 Crore at just ₹501/month1 or you may choose a term insurance plan starting from ₹692/month8 for ₹2 Crore life cover. Please note that actual premiums can vary based on factors such as age, gender, health status, smoking habits, and the chosen policy term.
Choose a Tata AIA term insurance plan that suits your needs:
Tata AIA
Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N176V05)
Tata AIA
Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V08)
Purchasing a term insurance plan helps ensure financial security for your loved ones in your absence. Here is how a term insurance plan can help you
Financial protection for family: In the event of the policyholder's untimely demise, the term insurance plan ensures that the family receives a lump sum amount, helping them maintain their lifestyle and meet financial obligations.Affordable premiums: Term insurance plans are generally cost-effective. For instance, a ₹1 Crore life cover starts at ₹501 per month1, making it accessible for individuals across various income levels.Tax benefits: Premiums paid towards term insurance plans are eligible for tax9 deductions under Section 80C of the Income Tax Act, up to ₹1.5 Lakh annually. Death benefit is completely tax free.Coverage against critical illnesses: Many term insurance plans offer riders10 that provide additional coverage against critical illnesses, ensuring comprehensive protection.Debt repayment support: In case of the policyholder's death, the sum assured can be used to repay outstanding debts, preventing a financial burden on the family.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.
The following are some of the types of people who may consider buying a term insurance plan, depending on their life stage and responsibilities:
If you are starting a family, term insurance may help you protect your partner and children from financial troubles in your absence. Choosing the best term insurance plan in India can give them the necessary financial support in your absence.
If your family depends only on your income, a term life insurance policy is important. It gives a specific amount to your family if you are not there. Picking the best term policy in India helps ensure you get the right cover at an affordable cost.
If you have a home or personal loan, a term insurance plan helps ensure your family is not burdened with repayments.
If you have education or car loans, a term plan helps your family handle those expenses even after your absence.
Business owners can use term insurance to protect their business and loved ones. It also helps manage sudden business loss.
More women are earning now. A term plan helps them protect their family’s future. Homemakers can also get coverage to support their household roles.
If you are retiring but still have dependents, term life insurance helps them stay financially secure.
If you support older parents, a term insurance plan will help them live without worries if something happens to you.
Paying for a term insurance plan can help you save taxes9 each year as part of your financial planning. Comparing the best term plans can help you find one that suits your income and long-term needs.
Calculate Term Premium For 1 Crore
Gender
Male
Monthly premium starts from
Affordable premiums: Enjoy substantial coverage at affordable premium rates, allowing you to secure your family's financial future without straining your budget. E.g., a 20-year-old female can get coverage of ₹1 Crore starting at ₹501 per month1.Instant claim payout: Get instant payout of ₹3 Lakh on claim intimation12 offering temporary financial relief while the remaining amount would be paid at the time of disbursement.Pay premiums later: Option to defer premiums for up to 12 months with the Flexi Pay Benefit13 enabling you to continue the policy in case of any momentary financial stress.Return of premium: Offers a Return of Premium option, wherein if the policyholder survives the policy term, the premiums paid are returned. The insured can get 100% of the premiums3 as a lump sum or a regular payment.Whole life coverage: Term plans offer coverage up to 100 years of age14, providing protection throughout your lifetime and ensuring financial security for your loved ones, even in your absence.Terminal illness benefit: In case of a terminal illness diagnosis, 50% of base sum assured15 is paid in advance to help manage medical expenses and provide financial support during a challenging time.Inbuilt waiver of premium: In case of a terminal illness diagnosis, the remaining premium will be waived off without impacting the life cover taken at the beginning of the policy.Life stage benefit: Term insurance plans offer life stage-based benefits16, adjusting the coverage and benefits as per your changing life circumstances, such as marriage, childbirth/adoption or availing of home loans.Optional riders: Tata AIA offers additional riders10 that cover accidental death, disability, critical illnesses and hospitalization, which can be customized as per user’s need.Lower rates for women: Tata AIA plans offer 15% lower premiums for women on the back of higher longevity and lower risk profile.Earn 5% Tata NeuCoins: Get Tata NeuCoins17 on premium payment for the 1st year. There’s no capping on the maximum points that can be earned.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.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 one financial flexibility.Tax benefits: Premiums paid towards term insurance plans and health riders are eligible for tax9 deductions under Section 80C and 80D, respectively, of the Income Tax Act. The death benefit paid out to your nominee or the maturity benefits under the return of premium option are exempted from tax under Section 10(10D).
Our experts are happy to help you!
Let us see why Tata AIA is a good choice for you to buy term insurance:
There are different types of term insurance plans you can choose based on your needs. Some of them are as follows:
Level Term Plan: This is the basic plan where the cover and premium stays fixed. It is easy to understand and affordable for many people.Increasing Term Plan: In this plan, the cover amount increases every year, and it may help you face inflation. Many people choose this to deal with rising costs.Decreasing Term Plan: The death benefit in this term insurance plan reduces over time following a fixed schedule. People usually take this insurance along with a home loan. As the home loan amount goes down over time, the life cover of the term insurance also reduces.Return of Premium Plan: This plan gives back the premium paid if the policyholder survives the policy term. It may be suitable for people who want to get their premium back.Joint Life Term Plan: The joint life term plan is for couples. Both you and your spouse are covered under one term life insurance policy.Convertible Term Plan: The convertible term plan can convert term insurance into another life insurance policy later. This allows flexibility if your coverage needs change in the future.Deciding the right sum assured is crucial to ensure all-around 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. Check out our Human Life Value Calculator.
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 additional coverage through health riders10 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 tax9 benefits as per applicable tax laws.
However, if you have not yet purchased a term insurance, it’s recommended to buy a life insurance policy whenever you can, to safeguard your family’s future in case of any adversity.
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. |
Term life insurance is important if you want to protect your family from financial challenges. It is helpful when you are the only earner in your family. Here are some important stages in life where term insurance becomes very important.
When you begin a family, your responsibilities increase. If something happens to you during this stage, term insurance provides a fixed amount to your nominee. This helps your family cover daily expenses.
Higher education needs good financial support. If you are not there when your child is ready for school or college, term insurance provides the assured amount to your nominee. This helps your child continue their studies without financial worry.
Wedding comes with heavy expenses like jewellery and celebrations. In case of your untimely death, the term insurance amount can help your family arrange for your child’s wedding without financial pressure.
If you have home, car, or personal loans, your family may struggle to repay the loans in your absence. If something happens to you, the insurance amount helps clear these debts. This prevents your family from dealing with unpaid EMIs.
Prices rise every year, making daily life more expensive. If you pass away, term insurance gives a fixed amount that helps your family keep their regular lifestyle. It also supports them in the long term, especially if you haven’t built large savings. This amount works like financial support in your absence.
Buying term insurance online is simple with Tata AIA. Here's how to buy a plan from Tata AIA Life Insurance:
Step 1:
Step 2:
Step 3:
Step 4:
Step 5:A term plan is a type of life insurance that may help protect your family if something happens to you during a set period. The following is how it works:
First, you choose the sum assured and the policy term, then pay regular premiums to keep the plan active. These premium amounts can be paid monthly, quarterly, yearly, or as a single payment.
If you pass away during the policy term, your nominee might receive the sum assured as a lump sum or regular income, depending on what you picked earlier. However, if you survive the term, there is usually no payout.
Moreover, the claim process is simple. Your nominee may need to submit documents such as the death certificate and claim form to the insurer.
In addition, after the documents are checked, the insurer would release the funds as per the policy.
This makes a term insurance plan an affordable option that often helps your family manage their expenses if you are not there.
If you surrender a term life insurance policy, you lose the death benefit. It means your nominee cannot make a claim against the surrendered policy. It is important 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 age14.
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 Benefit16, increase life cover at important milestones.
You can choose the mode of death benefit payment depending on the needs of your family. You can opt for a lump sum payment, lump sum + regular monthly payment or entire sum assured as regular monthly payouts.
You can opt for our comprehensive health riders10 for protection against a wide range of critical illnesses, such as cancer, heart-related ailments, kidney failure, etc.
You can choose to get a maturity benefit with term insurance. Tata AIA term plans, such as Tata AIA Sampoorna Raksha Promise offer 100% of all premiums paid3 as a survival benefit.
The sudden disability or death of the earning member can disrupt their earning capacity. Add-on riders10 with accidental death and disability cover protect the family’s financial stability.
Before buying a term insurance policy, it is important to determine the sum assured your family should receive in your absence and ensure that it covers all their financial needs and emergencies.
Tata AIA Benefit: You can use our online term insurance calculator to understand the coverage you need to protect your family.
The term insurance premium is a regular, long-term amount. You need to assess and account for the same to better structure your budget. Hence, be sure that the amount of the term insurance premiums you choose to pay for your plan ensures sufficient coverage.
Tata AIA Benefit: Our term plan calculator helps you compare plans on the basis of the premium.
While you can purchase a policy as per your eligible age applicable for the product, it is always advisable to get a term plan as early as possible to avail of low term insurance premiums in return for higher insurance coverage for your family
Tata AIA Benefit: You can purchase a term insurance plan as early as from 18 years of age.
If your loved ones need a regular income for a fixed period, you can go ahead with this choice or choose a lump sum payout. Alternatively, you can also choose a combination of a fixed period income and lump sum if it suits your beneficiaries.
Tata AIA Benefit: We offer multiple payout modes - Lump sum / Regular / Lump Sum+Regular: to help you secure your family in the best manner possible.
Consider the claim settlement ratio of the insurance provider, as it determines their ability to settle your claims effectively and on time when the need arises. The higher the claim settlement ratio, the better the chances of your beneficiaries receiving the claim on time.
Tata AIA Benefit: Tata AIA Life Insurance has an Individual Death Claim Settlement Ratio of 99.13%18 for FY 23–24.
Choose riders10 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 riders10 for protection to help you enhance your term plan protection.
Always ensure that the sum assured you select for your family’s needs also accounts for the inflation rates over the years. The financial needs your family has today will not be the same after 10 years, and so consider how much more coverage they will need in the future.
Tata AIA Benefit: We offer a Life Stage Benefit16 with our term insurance plans to allow increasing the sum assured at important milestones, such as marriage, birth/adoption of a child, etc.
It is always better to compare term insurance plans and make an informed choice instead of picking the first plan you see. Comparing term policies helps you decide which features and benefits are best suited for your needs.
Tata AIA Benefit: We offer a wide range of term insurance plans, coverage options and protection + wellness combination solutions to suit varied insurance and budget needs. You can compare our plans here.
If you want to understand how to choose the best term insurance plan, you can get some help from your financial advisor or even contact your insurance company for further assistance.
Tata AIA Benefit: We offer round-the-clock assistance with our expert advisors. Book a call today to talk to our expert today.
Read the insurance policy’s terms and conditions. It helps you understand the plan in detail and most importantly, know what the policy does not cover. This can help your beneficiaries avoid any confusion regarding the policy and payouts.
Tata AIA Benefit: Detailed policy literature, including sales brochures, policy 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 like 60-70 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 Crore and name your spouse as the policy beneficiary, your spouse will receive ₹2 Crore as a single payment under covered situations. |
If you are confident your beneficiaries will be able to manage the single lump sum amount efficiently or may require a significant amount for a major expense, you can opt for this payout option. |
Fixed Monthly Payments |
Under this payout option, your plan beneficiary receives the death benefit as regular payments from the insurer. Here, the sum assured acts as a regular source of income for your family in your absence. |
If you choose a sum assured of ₹2 Crore and opt for a regular payout for 5 years, the sum will be divided into 60 units and paid out monthly. |
Regular payouts are great if you want the death benefit to serve as a monthly income replacement. It is also great if the nominees are young and cannot manage a lump sum amount efficiently. |
One-time Lump Sum + Fixed Monthly Payments |
This option is a combination of the lump sum and regular payment options. Here, the policy nominee receives a part of the sum assured as a lump sum and the remaining as regular payments for a fixed tenure. You can decide how the death benefit is to be bifurcated between the two payment options here. |
You choose a sum assured of ₹2 Crore and opt for a lump sum payment of 50% of the sum assured and the other 50% as a regular monthly payout for 5 years. In this case, ₹1 Crore will be paid out immediately to the beneficiary, and the remaining ₹1 Crore will be paid out over the next 60 months. |
This option is perfect if you have any loans or other major financial liabilities that need to be repaid. The family can use the lump sum payout to clear any debts and then use the monthly payments for regular expenses. |
Term insurance premiums vary for each policyholder based on several factors. Understanding these factors can help you take steps to reduce your premiums.
Age is an important factor in determining term insurance premiums. As younger people have a lower risk compared to older people.
The higher the sum assured, the higher is the cost of covering the policyholder. As a result, a ₹2 Crore term insurance plan will be more expensive than a ₹1 Crore term insurance plan.
Illnesses like cancer and heart ailments can be genetic. The premium can be higher for people with existing medical conditions or with a family history of certain issues to account for the higher risk of claims.
Research has shown that women tend to have a longer average lifespan than men. Therefore, female term policy buyers usually enjoy lower premiums on their term plans as they are likely to pay premiums for a longer period than men.
Term 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.
Term plan riders10 are additional covers or benefits that you can add to your term insurance policy for an additional premium to enhance or extend the coverage of the base plan for well-rounded protection against various situations and illnesses.You can opt for a Term life insurance rider of your choice, like an accidental death rider or disability rider, critical illness rider, or premium waiver rider.An accidental death or disability rider offers a sum assured in case the policyholder passes away or suffers disability due to an accident.Health-based riders, such as critical illness or terminal illness15 riders, provide financial protection upon diagnosis of the covered illness.One of the popular term insurance riders, the waiver of premium add-on, will waive off all future premium payments while continuing the term plan protection in case of diagnosis of covered illnesses or any other insured situation.
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 process is done digitally.
You can choose from quick, secure, and convenient payment options during the purchase. You can also opt for these options while paying your premium based on the mode and frequency you select.
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 an affordable 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 illness rider10 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 taxation9 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.
Buying a term insurance plan is a responsible step, but many people make simple mistakes that affect its value. Avoiding these mistakes may help you choose the best term insurance plan in India for your needs.
Some people choose low coverage to reduce premium costs. However, this cover may not be enough for your family in the long term. You should select a term plan based on your lifestyle, responsibilities, and future needs.
Waiting too long to buy a term life insurance plan increases the cost. Premiums rise with age, and health risks also increase. Buying early helps in securing lower premiums and may also provide full coverage.
Always check the insurer’s claim settlement ratio before choosing a term insurance plan. A low ratio could cause delays or difficulties when your family files a claim.
Many people skip optional riders10 like critical illness or disability cover. These add-ons enhance your term plan and offer more protection during tough times.
Some buyers hide health issues or smoking habits. Giving wrong information can result in claim rejection later. Always provide clear and correct details.
Many buyers go with the first plan they see. It’s important to compare multiple options to choose the best term policy in India. Comparison helps find the best term plans with good coverage and a reasonable premium.
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 based on the policy conditions.
Age:Citizenship:Medical Reports:Term insurance offers high coverage at low premiums, ensuring financial security for your loved ones.
It’s essential to buy term insurance early to benefit from lower premiums and comprehensive coverage tailored to life stages.
In case of the policyholder’s untimely death, a term plan ensures financial stability for dependents, covering daily expenses, debts, and future goals.
With increasing lifestyle-related risks and lower life quality, term insurance acts as a vital financial safeguard.
Many term plans offer add-ons riders10, such as critical illness riders, ensuring enhanced protection.
The total financial protection or amount payable to your beneficiaries under the term insurance policy in case of the policyholder’s death during the policy term.
The policyholder’s eligibility for insurance coverage, determined based on factors like age, health, occupation, and lifestyle.
The date on which the term insurance policy ends, and any maturity benefits (if applicable), are payable to the policyholder.
The process of appointing a person (nominee) to receive the policy benefits in case of the policyholder's untimely demise.
The amount you pay periodically to maintain your term insurance policy and keep the coverage active.
The amount the policyholder may receive if they choose to terminate the term insurance policy before its maturity date (not typically applicable to pure term plans).
The percentage of claims settled by the insurer against the total death claims received in a financial year indicates the insurer’s reliability.
Additional coverages, such as critical illness or accidental death 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 is provided to the nominee upon the death of the insured during the policy term.
The person whose life is covered under the term insurance policy.
The amount payable (if applicable) to the policyholder if they survive the policy term and the term plan includes a return of premiums feature.
The age at which the policyholder becomes eligible to receive benefits from their term insurance policy.
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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)
1Illustrated premium of ₹501 is the monthly premium for a 20 yr. old female, Standard Life, Non-Smoker for ₹1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option of Tata AIA Sampoorna Raksha Promise with first year premium discount of 10% for digital purchase and 8.5% for salaried person. Please refer Benefit Illustration for more details.
2This includes first year digital discount of 10% for Limited Pay/Regular Pay and 8.5% salaried discount. For Single Pay, 1% discount will be available for online purchase and salaried discount each.
3Under Life Promise Plus Option, an amount equal to the 100% of the Total Premiums Paid (excluding loading for modal premiums) shall be payable at the end of the Policy Term, provided the life assured survives till maturity and the policy is not terminated earlier.
4Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of ₹50 Lakh. Applicable for branch walk in. Time limit to submit claim to Tata AIA Life Insurance is 2 pm on working days. Subject to submission of complete documents. Not applicable for ULIP policies and open title claims.
5Illustrated Premium of ₹346 is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹50 Lakh Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option of Tata AIA Sampoorna Raksha Promise with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details.
6Illustrated Premium of ₹804 is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹ 2Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option of Tata AIA Sampoorna Raksha Promise with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details.
7Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹5 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option of Tata AIA Sampoorna Raksha Promise with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details.
8Illustrated Premium of ₹692 is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for 2 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) with Life Secure plan option of Tata AIA Maha Raksha Supreme Select with first year premium discount for digital purchase and salaried person.
9Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
10Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/ branch.
Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN:110B033V04), Tata AIA Vitality Protect - A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V04) and Tata AIA Vitality Health - A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V03) are available under this plan.
11Illustrated premiums of ₹589, ₹759 and ₹1,288 are the monthly premiums for a Male, Standard Life, Non-Smoker for ₹1 Cr. Sum Assured with Policy Term of 20 yrs (Regular Pay) of age 20, 30 and 40 years respectively under Life Promise Option of Tata AIA Sampoorna Raksha Promise with first year premium discount of 10% for digital purchase and 8.5% for salaried person. Please refer Benefit Illustration for more details.
Premium is subject to applicable taxes, cesses & levies which will be entirely borne/paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.
12With this feature, instant death benefit of ₹3 Lakh from the Sum Assured will be paid within 1 working day from the claim registration date. This feature is applicable only after a waiting period of 3 policy years from the policy inception or revival of the policy and provided the policy is in force. The remaining sum assured shall be payable post the completion of the claim investigation. Further, in case of any discrepancy in the claim investigation resulting in the final decision of non-payment of the claim, the company reserves the right to recover the already paid amount. The acceleration of instant claim should not be construed/interpreted as acceptance of the claim.
13With FlexiPay Benefit, policyholder is allowed to defer the due premium for a period of 12 months while maintaining the full risk cover under the base plan and attached riders. At the end of Premium Deferment period, the policyholder is required to pay the due premiums, including the premium applicable for the period of Premium Deferment, i.e. the base cover premium and additional premium (if any). This benefit shall be available for multiple times with a gap of 5 policy years from the expiry date of previous Premium Deferment. The option can be exercised only after payment of 5 full years premium. No interest shall be levied on the premium due during the Premium Deferment period. If the premiums due are not paid within the grace period after expiry of the Premium Deferment, the Policy (including Rider(s), if any) shall lapse and no benefits shall be payable in the Policy or the Rider(s), if any) and company shall be entitled to recover the same from any amounts or This benefit payable under the Policy or Rider(s).
14Not applicable under PoS, please refer sales brochure for more information
15Inbuilt Payout Accelerator Benefit pays out 50% of Effective Sum Assured opted in case of a Terminal Illness diagnosis
16Applicable for specific plan options. Please refer brochure for additional details.
17Earn flat 5% Tata NeuCoins on insurance premium payment for Limited/Regular Pay policies, applicable for the 1st year. For Single Pay policies, 0.5% of premium can be earned as NeuCoins. There’s no capping on the maximum amount that can be earned. Benefits will reflect in your Tata Neu wallet 30 days after policy issuance. These points can be used to shop on Tata Neu across various categories like fashion, electronics and groceries.
18Individual Death Claim Settlement Ratio is 99.13% for FY 2023-24 as per the latest annual audited figures.
1985,76,889 families protected till 31st December 2024.
20Retail Sum Assured for FY2023 is Rs 4,43,479 Crores. https://irdai.gov.in/document-detail?documentId=6552249
This product is underwritten by Tata AIA Life Insurance Company Ltd.
The plan is not a guaranteed issuance plan, and it will be subject to company’s underwriting and acceptance.
Insurance cover is available under this product.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. The precise terms and condition of this plan are specified in the Policy Contract.
Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs, and the Surrender Value payable may be less than the all the Premiums Paid.
In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
L&C/Advt/2025/May/2048
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