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Term Insurance

Term insurance is a type of life insurance policy that provides financial protection for a specified period, known as the "term." Read more if the policyholder passes away during this term, the beneficiaries receive a death benefit
Term insurance is affordable, making it an attractive option for individuals seeking high coverage at low premiums. Key features include flexible policy terms (e.g., 10, 20, 30 years), optional riders@, and tax benefits under Section 80C of the Income Tax Act.Read Less

Term insurance is a type of life insurance policy that provides financial protection for a specified period, known as the "term." Read more if the policyholder passes away during this term, the beneficiaries receive a death benefit
Term insurance is affordable, making it an attractive option for individuals seeking high coverage at low premiums. Key features include flexible policy terms (e.g., 10, 20, 30 years), optional riders@, and tax benefits under Section 80C of the Income Tax Act.Read Less

SRP

Get ₹1 Crore Life Cover at ₹502/month*

99.13% Claim Settlement Ratio2

Get up to 15% discount
on first year premium 
10%
Digital discount8
+ 5%
Salaried discount11
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Get 15% digital discount on first year premium

Get 15% digital discount on first year premium

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    Tata AIA Life Insurance Company Limited will send you updates on new products, services, insurance solutions, existing policy or related information and/or process your information in accordance with Privacy Policy. Select here to opt.

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    Term Insurance Options: Coverage That Fits Your Budget

    ₹50 Lakhs

    at ₹346/month12

    Best Seller

    ₹1 Crore

    at ₹501/month9

    ₹2 Crore

    at ₹804/month10

    ₹5 Crore

    at ₹1817/month13

    With Tata AIA Sampoorna Raksha Promise

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    Vishal-Kapoor

    Written by

    Vishal Kapoor

    Desktop-Vishal
    Insurance Expert

    Vishal Kapoor

    Vishal Kapoor, AVP - Brand & Product Marketing at Tata AIA, has over 17 years of experience in the BFSI sector. He is responsible for driving brand strategy, product & channel marketing campaigns.

    Girish-J-Kalra

    Reviewed by

    Girish J Kalra

    Desktop-Girish
    Chief Marketing Officer

    Girish J Kalra

    Girish J Kalra, Chief Marketing Officer at Tata AIA, leading the organizations marketing & corporate communication initiatives..

    What is Term Insurance

    Term insurance ensures your family remains financially secure by covering major expenses and liabilities in the event of an unexpected death. It is the most basic type of life insurance that provides financial coverage for a set period at an affordable premium.
     

    Unlike other plans, regular term insurance does not offer any maturity benefits. However, you can opt for a "return of premium" feature, where the premiums paid are refunded if the policyholder survives the term


    Our Best Selling Term Insurance Plans

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

    Why Should You Buy a Term Insurance Plan?

    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:

    • For Financial Stability in Uncertainty: The COVID-19 pandemic is a powerful reminder to reinstate the importance of financial stability and security for your family in times of uncertainty.
    • For Financial Security at Affordable Premiums: Term insurance supports you at various life stages – from securing your family as a young professional with financial liabilities to aiding in your entrepreneurial or educational pursuits and contributing to retirement planning with a return of premium option.
    • For Enhanced Health Cover Options: In addition to life coverage, term insurance provides add-on rider@ benefits that can cover your medical expenses if you are diagnosed with a serious illness, such as a critical illness or terminal illness during the policy period.
    • For Lifestyle Maintenance: Term life insurance will help your family maintain their lifestyle without financial distress even in your absence.
    • For clearing off debts: If you have outstanding loans or debts, term insurance can act as a safety net for loan protection, preventing your family from inheriting financial liabilities in case of your unexpected demise.

    How Delaying Term Insurance Can Cost You?

    Delay in purchasing term insurance can result in higher premiums, limited coverage, and increased financial risks for your loved ones. Act now to lock in affordable rates and secure your family's future.

    Term Calculator – Check Premium in just 2 Steps

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    Tata AIA Sampoorna Raksha Promise

    Get ₹1 Crore life cover at ₹488/month*

    Avail up to 15% discount on 1st year premium^

    Get 100% premiums back~


    Tata AIA Term Plans

    Who Should Buy a Term Insurance Plan?

    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 themselves with term insurance plan. 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 buying term insurance plan. This prevents passing on the debt responsibilities to their family.

    Entrepreneurs and Business Owners

    Business owners can strategically utilise term insurance benefits 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 policy 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 plan 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 consider purchasing term insurance plan. 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 insurance 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 best term insurance plan in India involves aligning personal circumstances and responsibilities with financial goals. You can use our online term insurance premium calculator to ascertain suitable coverage amounts, policy durations and premium amounts.

    Calculate Term Premium

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    Benefits of Buying Term Insurance Plans from Tata AIA

    Let us see why Tata AIA is a good choice for you to buy term insurance:

    discounts

    99.13%

    Individual Death Claim Settlement Ratio for FY23-241

    group-7

    85 Lakh+

    Families protected so far3

    retail

    Rs 4,00,000 Crores+

    Among the highest retail sum assured4

    group

    1 Lakh Crore+

    Assets Under Management (AUM)5

    employee-engagement

    500+ Branches

    Presence across major cities in India

    4-hours

    Pay as Per Convenience

    Flexibility to choose premium payment mode as per convenience

    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

    Looking to buy a new insurance plan? 

    Our experts are happy to help you!

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    Tata AIA Term Insurance Plan Benefits:
     

    • 01

      Whole Life Coverage

      Term plans like Tata AIA Sampoorna Raksha Promise 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 502 per month*.
    • 03

      Return of Premium

      Tata AIA Sampoorna Raksha Promise provides a Return of Premium, wherein if the policyholder survives the policy term, the premiums paid are returned. Insured can get 100% 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

      Term insurance 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 one’s financial flexibility.
    • 11

      Claim Settlement Ratio

      With an individual death claim settlement ratio1 of 99.13% in FY 2023-24, 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?

    Here are some benefits of buying term insurance at a young age:

    Lower Premiums: Younger individuals enjoy more affordable insurance premiums.

     

    Long-Term Savings: Investing early leads to significant cost savings over time.

    Financial Security: Provides extended coverage and financial protection from a young age.

    Health Benefits: Lock in coverage before the risk of developing health issues increases.

    Peace of Mind: Ensures loved ones are financially secure in case of unexpected events.

    Tax Benefits: Get income tax# benefits as per applicable tax laws.

    Age Group

    Why It’s the Right Time to Buy Term Insurance

    In Your 20s

    - Premiums are lower because of age and better health conditions.

    - Ideal for securing loans or family responsibilities in the future.

    In Your 30s

    - Financial responsibilities increase with marriage, children, and home loans.

    - Protect your family’s financial future.

    In Your 40s

    - Higher earnings but greater responsibilities like education and retirement planning.

    - Secures your family’s needs as you age.

    In Your 50s

    - Provides financial stability for dependents.

    - Aids in legacy planning and covers outstanding liabilities.

    How to Buy Term Insurance?

    Buying term insurance online is simple and hassle-free:

    • 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.
    • 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.
    • Compare Term Insurance 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.
    • 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!

    How Does a Term Plan 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 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.

    Features of Term Insurance

    Here are the key term insurance features:

    Low entry age

    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.

    Whole life cover

    Our term plans have flexible plan durations. You can protect yourself for the maximum plan term. For example, our Tata AIA Sampoorna Raksha Promise plan has an option of whole life coverage up to 100 years of age$.

    Payment flexibility

    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.

    Adjustable cover

    Our term plans allow you to adjust your plan coverage with your changing insurance needs at different milestones and life stages. With our Life Stage Benefit~, increase life cover at important milestones.

    Regular income

    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.

    Cover against critical illnesses

    You can opt for our Comprehensive Health Rider or the Comprehensive Protection Rider and get protection against a wide range of critical illnesses$$, such as cancer, heart-related ailments, kidney failure, etc.

    Return of Premium on Maturity

    You can choose to get a maturity benefit with term insurance. Tata AIA term plans, such as Tata AIA Sampoorna Raksha Promise offer 100% of all premiums paid** as a survival benefit. 

    Accidental Death and Disability Cover

    The sudden disability or death of the earning member can disrupt their earning capacity. Add-on riders@ with accidental death and disability cover protect the family’s financial stability.

    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 99.13%1 for FY 23–24.

    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 insurance 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 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.

    Engage an insurance advisor

    If you want to understand how to choose the best term insurance plan, you can get some help from your financial advisor or even contact your insurance company for further assistance.

    Tata AIA Benefit: We offer round-the-clock assistance through our customer support. Additionally, you can visit our website and schedule a consultation with our expert advisors.

    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 best term insurance period can be confusing for many since insurers offer a flexible policy tenure that starts from 5 years and goes up to several years.


    Buying a term plan for a short duration may not be sufficient to cover your financial needs. On the other hand, choosing an unnecessarily prolonged period will make you pay policy premiums beyond your requirements.


    Since most people meet their financial obligations by the time they retire, choosing a term plan that ends close to their retirement time is advisable.


    However, if you anticipate financial responsibilities and dependents beyond retirement or if you wish to leave behind a financial corpus for your loved ones, opt for a term plan with whole-life coverage up to 100 years of age$.

    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:

    Payout Option

    Description

    Example

    When to Buy

    One-time Lump Sum Payout

    The most straightforward type of payout is the one-time lump sum method. Here, your policy nominee receives the entire sum assured for a death benefit as a single payment.

    If you choose a sum assured of ₹2 crores and name your spouse as the policy beneficiary, your spouse will receive ₹2 crores as a single payment under covered situations.

    If you are confident your beneficiaries will be able to manage the single lump sum amount efficiently or may require a significant amount for a major expense, you can opt for this payout option.

    Fixed Monthly Payments

    Under this payout option, your plan beneficiary receives the death benefit as regular payments from the insurer. Here, the sum assured acts as a regular source of income for your family in your absence.

    If you choose a sum assured of ₹2 crores and opt for a regular payout for 5 years, the sum will be divided into 60 units and paid out monthly.

    Regular payouts are great if you want the death benefit to serve as a monthly income replacement. It is also great if the nominees are young and cannot manage a lump sum amount efficiently.

    One-time Lump Sum + Fixed Monthly Payments

    This option is a combination of the lump sum and regular payment options. Here, the policy nominee receives a part of the sum assured as a lump sum and the remaining as regular payments for a fixed tenure. You can decide how the death benefit is to be bifurcated between the two payment options here.

    You choose a sum assured of ₹2 crores and opt for a lump sum payment of 50% of the sum assured and the other 50% as a regular monthly payout for 5 years. In this case, ₹1 crore will be paid out immediately to the beneficiary and the remaining ₹1 crore will be paid out over the next 60 months.

    This option is perfect if you have any loans or other major financial liabilities that need to be repaid. The family can use the lump sum payout to clear any debts and then use the monthly payments for regular expenses.

    Factors That Can Affect Your Term Insurance Premiums

    Term insurance premiums vary for each policyholder based on several factors. Understanding these factors can help you take steps to reduce your premiums.

    • Age:

      Most important factor in determining term insurance premiums. As younger people have lesser risk compared to older people.

    • Sum assured:

      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.

    • 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.

    • 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 is a Term Insurance Rider?

    • 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 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 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.

     

    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.


    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 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.

    • Discounts and offerings

      By purchasing term insurance online, you can take advantage of digital discounts offered by insurers, helping you secure high coverage at reduced premiums.

    • 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 plans 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?

    Group

    Importance of Life Expectancy

    Life expectancy rates in India have improved over the years. However, they still remain influenced by various challenges, such as rising stress levels, sedentary lifestyles, and pollution. According to World Health Organization (WHO), the global average life expectancy is approximately 71 years. But, lifestyle diseases have significantly increased mortality risks, especially in developing nations like India. These uncertainties highlight the pressing need for financial preparedness.
     

    A term insurance plan acts as a financial safety net for your family in the face of these risks. In the event of an untimely death, it ensures your loved ones are protected against the burden of outstanding debts, daily expenses, and future financial goals, such as your child’s education or marriage. With affordable premiums, term plans offer high coverage, enabling families to maintain their financial independence even during challenging times. In a world where declining life quality has become a growing concern, term insurance is not just a plan but a lifeline to safeguard your family’s future.

    Insights

    • 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.

    • 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 life insurance plan provides peace of mind. Knowing that your family is financially protected allows you to focus on your responsibilities and enjoy life without the worry of what might happen to them in your absence.

    List of Documents Required for Term Insurance

    Valid Address Proof

    Valid ID Proof

    Passport

    PAN Card

    Voters ID card

    Passport

    Driving Licence Voters ID Card
    Voters ID Card Driving Licence
    Masked Aadhar Card Job Card issued by NREGA duly signed by an officer of the State Government
    Letter issued by UIDAI Masked Aadhar Card
    National Population Register Letter issued by UIDAI
      National Population Register

    These are just suggestive documents, and the life insurance company may request additional documentation basis the policy conditions.

    Eligibility Criteria for Term Insurance

    • 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.

    Key Takeaways

    • Affordable Protection:

      Term insurance offers high coverage at low premiums, ensuring financial security for your loved ones.

    • Life Stage-Based Planning:

      It’s essential to buy term insurance early to benefit from lower premiums and comprehensive coverage tailored to life stages.

    • Family’s Financial Safety Net::

      In case of the policyholder’s untimely death, a term plan ensures financial stability for dependents, covering daily expenses, debts, and future goals.

    • Relevance Amidst Declining Life Quality:

      With increasing lifestyle-related risks and lower life quality, term insurance acts as a vital financial safeguard.

    • Customisable Options:

      Many term plans offer add-ons, such as critical illness riders, ensuring enhanced protection.

    Key Terms Related To Term Life insurance Plans

    • Coverage

      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.

    • Insurability

      The policyholder’s eligibility for insurance coverage, determined based on factors like age, health, occupation, and lifestyle.

    • Maturity Date

      The date on which the term insurance policy ends, and any maturity benefits (if applicable) are payable to the policyholder.

    • Nomination

      The process of appointing a person (nominee) to receive the policy benefits in case of the policyholder's untimely demise.

    • Premium

      The amount you pay periodically to maintain your term insurance policy and keep the coverage active.

    • Surrender Value

      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).

    • Individual Death Claim Settlement Ratio

      The percentage of claims settled by the insurer against the total death claims received in a financial year, indicating the insurer’s reliability.

    • Add-On Benefits or Riders

      Additional coverages, such as critical illness or accidental death riders, that can be added to the base term insurance policy for enhanced protection.

    • Sum Assured

      The guaranteed amount payable to the nominee in case of the policyholder’s death during the policy term.

    • Death Benefit

      The financial payout provided to the nominee upon the death of the insured during the policy term.

    • Insured

      The person whose life is covered under the term insurance policy.

    • Maturity Claim

      The amount payable (if applicable) to the policyholder if they survive the policy term and the term plan includes a return of premiums feature.

    • Vesting Age

      The age at which the policyholder becomes eligible to receive benefits from their term insurance policy.

    Looking to buy a new insurance plan? 

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    1.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 online discounts from the insurer, compare multiple term plan offerings, purchase a term plan quickly, etc.

    2.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.

    3.How much term insurance cover does one need?

    According to financial experts, a term insurance policy coverage must be a minimum of 15 to 20 times the insured’s existing income.

    4.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.

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

    Yes, term plans offer tax benefits#under Section 80C of the Income Tax Act. 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.

    6.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.

    7.How to find the best term insurance?

    To find the best term insurance, calculate your coverage needs and select an insurer with a high claim settlement ratio. Compare term plans online to find the best fit and use online discounts to reduce your premiums.

    8.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.

    1.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 Promise
    • Tata AIA Maha Raksha Supreme Select

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

    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.

    3.What is the best age to buy a term insurance plan?

    You can buy term insurance at any age, depending on how many years you want to provide life insurance coverage for your family. However, the earlier you purchase a term plan, such as in your 20s, the better, as premiums are lower when you're young and healthier.

    4.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.

    5.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.

    6.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.

    7.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

    8.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.

    9What 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.

    10..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.

    1.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.

    2.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.

    3.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)

    4.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.

    5.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.

    1.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.

    2.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.

    3.Are there lower term plan premiums for women policyholders?

    According to Our World in Data, women have a longer life expectancy than men, so term plan premiums are lower for women.

    4.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.

    5.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.

    6.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.

    1.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 99.13%1 for FY 20232 – 24

    2.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.

    3.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:

    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

    4.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

    5.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.

    6.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.

     
    • Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V05)

    • Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V08)

    • *Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹ 1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.

    • ##Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for 2 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) with Life Secure plan option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.

    • ~Under Life Promise Plus Option, an amount equal to the 100% of the Total Premiums Paid (excluding loading for modal premiums) shall be payable at the end of the Policy Term, provided the life assured survives till maturity and the policy is not terminated earlier

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

    • $Not applicable under PoS, please refer sales brochure for more information.

    • &CritiCare Plus (CPB), Accidental Death (AD), Accidental Total & Permanent Disability (ATPD) are benefit options available under Tata AIA Vitality Protect (A Non-linked, Non-participating, Individual Health Rider) (UIN: 110B046V02). HospiCare (HCB) is a benefit option available under Tata AIA Vitality Health (A Non-linked, Non-participating, Individual Health Rider) (UIN: 110B045V01)

    • +Illustrated Premium is the monthly premium excluding taxes for selected age & gender, Standard Life, Non-Smoker for ₹ 1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.

    • **In case the life assured survives till maturity, an amount equal to 100% of the total premiums paid (excluding loading for modal premiums) towards the benefit option shall be payable at the end of the policy term, provided the policy is not terminated earlier. Under Life Promise Plus Option, an amount equal to the 100% of the Total Premiums Paid (excluding loading for modal premiums) shall be payable at the end of the Policy Term, provided the life assured survives till maturity and the policy is not terminated earlier.

    • #Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.

    • ^This product offers first year digital discount of 10% and first year Salaried discount of 5% for Limited Pay/Regular Pay. For Single Pay, 1% digital discount and 1% salaried discount will be provided in the first year

    • @Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/ branch. 

    • Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V04 or any other later version) - A Non-Linked, Non- Participating Individual Health Rider, Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN: 110B031V03 or any other later version) - A Non-Linked, Non- Participating Individual Health Rider, Tata AIA Vitality Protect (A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V04), Tata AIA Vitality Health (A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V03) are available under this plan  

    • ^^On enrolling into the wellness Program, you get an upfront discount of 5% on first year premium for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care Benefits and of 10% on first year premiums of the other benefit options. The rewards are offered on cumulative basis and in any year, the maximum rewards in view of both the upfront rewards and annual rewards _ex together shall be 15% for Accidental Disability Care and 30% for all other benefit options. Discount is driven by accumulated points which is achieved through wellness status. Please refer policy document for more details.
    • 1Individual Death Claim Settlement Ratio is 99.13% for FY 2023-24 as per the latest annual audited figures.

    • 2Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of Rs. 50 lakhs. Applicable for branch walk in. Time limit to submit claim to Tata AIA Life Insurance is 2 pm on working days. Subject to submission of complete documents. Not applicable for ULIP policies and open title claims.

    • 385,76,889 families protected till 31st December 2024.

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

    • 5As on 03rd April 2024, the company has a total Assets Under Management (AUM) of Rs.100,099.11 Crores

    • 6Tata AIA Vitality - A Wellness Program that offers you an upfront discount at policy inception. You can also earn premium discount / cover booster (as applicable) for subsequent years on policy anniversary basis your Vitality Status (tracked on Vitality app) Please refer rider brochures for additional details on health and wellness benefits. 

    • 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

    • 8Tata AIA Sampoorna Raksha Promise offers first year digital discount of 1% for Single Pay, 10% for Limited Pay/Regular Pay.

    • 11This product offers first year discount of 5% for Limited Pay/Regular Pay and 1% for Single Pay to salaried customers.

    • 12Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹ 50 Lakh Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.

    • 9Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹ 1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.

    • 10Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹ 2 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.

    • 13Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹ 5 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.

    • $$Illustrated Premium is the monthly premium excluding taxes for 20 yr. old male, Standard Life, Non-Smoker for ₹ 1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.

    • &&Illustrated Premium is the monthly premium excluding taxes for 30 yr. old male, Standard Life, Non-Smoker for ₹ 1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.

    • ++Illustrated Premium is the monthly premium excluding taxes for 40 yr. old fmale, Standard Life, Non-Smoker for ₹ 1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.

    • 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/Jan/0139