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Neeraj Chopra recommends to buy one crore term insurance plan


₹ 1 Crore 
Term Insurance

Get extensive coverage with a ₹1 Crore term plan today.
Also get your premium amount back**.

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Why Buy 1 Crore Term Insurance from Tata AIA Life Insurance?

  • Extensive Coverage at Affordable Premiums
    Extensive Coverage at Affordable Premiums

    With a Tata AIA Life Insurance 1 crore term insurance cover, you not only enjoy extensive life cover protection but also pay affordable premiums for the same.

  • Secure Your Family from Financial Liabilities
    Secure Your Family from Financial Liabilities

    Our 1 cr term insurance plans are designed to cover your family against the threat of financial uncertainties and emergencies in your absence. 

  • Stopwatch
    Increase Life cover at Important Milestones

    With Tata AIA Term Insurance plans, you get an option to increase the life cover benefits at important milestones in your life, such as after getting married, the birth of your child and other important milestones in your life.

  • Purchase 1 crore term insurance at a younger age in life
    Low Premiums at Younger Age

    If you purchase a term insurance policy at a younger age in life, you can benefit from fixed premiums that remain affordable all through the policy term.

  • Purchase a 1 crore term insurance policy from the official website of Tata AIA Life Insurance
    Easily Available Online

    You can easily purchase a one crore term insurance policy from the official Tata AIA Life Insurance website through a swift and convenient online process. 

  • Cover till 100 years of your age with our 1 crore term insurance policy
    Whole Life Cover

    Though term insurance plans generally offer life cover protection for a specific term, you can enjoy whole life cover i.e., Cover till 100 years of your age with our 1 crore term insurance policy.

  • Get tax benefits under Sections 80C and 10(10D) of the Income Tax Act
    Get Income Tax# Benefits

    You can get tax benefits under Sections 80C and 10(10D) of the Income Tax Act, and you can enjoy tax benefits your term insurance policy's premiums and death benefits.

  • Initiate the claim process and ensure that the claim amount is received
    Express Claim Settlement

    With our Express Claims service, the Beneficiary can initiate the claim process online and submit the necessary documents with us. We will initiate the claim process and ensure that the claim amount is received within 4 hours1.

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What is a 1 Crore Term Insurance Plan?

A 1 crore term insurance plan, as the name suggests, is a term insurance plan that offers a life cover benefit of 1 crore. One of the salient features of a 1 crore term insurance policy is that the coverage amount of such a term plan is high, and the premiums are quite affordable. Also, if you buy the policy at a younger age, the premium amount is much more affordable.

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A Non-Linked Non-Participating Individual Life Insurance Plan (UIN:110N160V03)

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How Does 1 Crore Term Insurance Plan Work?

Having life insurance gives you complete peace of mind, knowing that your family will be protected when you are not around to tend to their needs. This is true especially for term insurance, which offers protection in the form of a pure life cover. When you opt for a higher sum assured, you can ensure more coverage for your loved ones!

Here is a brief glance at how a 1 crore term insurance plan works:

When you buy a 1 crore term insurance plan, you can choose a term or tenure for which you want to be covered. During this term, if the life assured meets their untimely demise, the nominee mentioned in the policy will be eligible for a death benefit in the form of the sum assured from the insurance provider, as per the terms and conditions of the policy.

Let’s take a look at the example of Mr. Rahul.

Rahul, the only earning member in his family of 4 persons, purchased a 1 crore insurance cover at the age of 30 for a period of 20 years. His mother was named as the nominee in the term insurance policy. Rahul, the policyholder and the life assured, paid the premiums timely on a monthly basis for 10 years until he met with a fatal accident and, sadly, succumbed to injuries.

While his parents were most certainly upset and traumatised at losing their son, the 1 crore term plan that Rahul had purchased saved them from a lot of financial troubles. The term insurance coverage not only took care of the family when they wanted to move to their hometown but also the expenses of Rahul’s younger sibling’s education.

With a 1 crore term insurance plan, the premiums you pay towards your policy do not change over the years, and you can also choose a policy tenure, premium payment term and frequency of your preference and the plan eligibility. In return, you and your family continue enjoying the life cover protection until the end of the policy term.

Who Should opt for a 1 Crore Term Plan?

Who Should opt for a 1 Crore Term Plan?

While having a term insurance plan is essential for everyone, a 1 crore term insurance plan needs more consideration and planning and can be suitable for people under these categories:

  • Young individuals in a family who are earning

    Sole earners in a family

    If you are the only earning person in your family, a 1 crore term insurance cover can be suitable for protecting your family in your absence. The insurance coverage of such a term plan can give them the adequate financial support they need.
    Young individuals in a family who are earning

    Sole earners in a family

    If you are the only earning person in your family, a 1 crore term insurance cover can be suitable for protecting your family in your absence. The insurance coverage of such a term plan can give them the adequate financial support they need.
  • Parents buy a term insurance plan for 1 crore

    Young Parents

    It is essential that the parents buy a term insurance plan to secure the financial future of their children. In case of any unfortunate event such as the demise of the life assured, the education of their children will be taken care of. 
    Parents buy a term insurance plan for 1 crore

    Young Parents

    It is essential that the parents buy a term insurance plan to secure the financial future of their children. In case of any unfortunate event such as the demise of the life assured, the education of their children will be taken care of. 
  • Married couples

    Married Couples

    When you get married, there are increased financial responsibilities. A term insurance plan can provide financial protection for your spouse.
    Married couples

    Married Couples

    When you get married, there are increased financial responsibilities. A term insurance plan can provide financial protection for your spouse.
  • Grandfather and grandmother - Retired Parents

    Individuals with home loans

    A home loan that you are currently paying off can become a burden on your family in case of your untimely demise. It becomes a major expense and can affect their life savings unless you cover them with a one crore term insurance plan.
    Grandfather and grandmother - Retired Parents

    Individuals with home loans

    A home loan that you are currently paying off can become a burden on your family in case of your untimely demise. It becomes a major expense and can affect their life savings unless you cover them with a one crore term insurance plan.
  • Individuals with education loans - Working lady

    Individuals with education loans

    It takes years to repay a good education loan. During this period, your sudden death can push the strain of repaying this loan on your family. However, a 1 crore term insurance plan can help them with this expense without stress.
    Individuals with education loans - Working lady

    Individuals with education loans

    It takes years to repay a good education loan. During this period, your sudden death can push the strain of repaying this loan on your family. However, a 1 crore term insurance plan can help them with this expense without stress.
  • Self Employed - Business person

    Business individuals

    Starting and running a business means many expenses for which you may have to take loans or borrow money. In your absence, settling these debts can cause financial damage to your family if they are not protected by a 1 crore term plan.
    Self Employed - Business person

    Business individuals

    Starting and running a business means many expenses for which you may have to take loans or borrow money. In your absence, settling these debts can cause financial damage to your family if they are not protected by a 1 crore term plan.
Know More about our Best-Selling Term Insurance Plan - Tata AIA Life Insurance Sampoorna Raksha Supreme (UIN: 110N160V03)

Non-Linked Non-Participating Individual Life Insurance Plan in India

Family image with a girl and a dog

A Non-Linked Non-Participating Individual Life Insurance Plan (UIN:110N160V03)
 

Tata AIA Life Insurance

Sampoorna Raksha Supreme

Key Features:
 
  • A comprehensive plan that gives your premiums back**

  • Increase life cover at important milestones

  • Get financial protection till 100 years^^ of your age.

  • Save Income Tax up to 46,800+

  • Enhance your protection with optional riders^

Features of 1 Crore Term Insurance Plan

  • 1 crore term plan with affordable premiums - Features of 1 Crore Term Insurance Plan
    Affordable

    Despite offering such extensive coverage, a 1 crore term plan can have quite affordable premiums if you select a reasonably long policy term. This means you can not only protect your family with better coverage but also avoid paying costly premiums to avail of this coverage.

  • Simple life cover with no savings or investment components - Features of 1 Crore Term Insurance Plan
    Simple to Understand

    A 1 crore term policy offers a simple life cover with no savings or investment components. All you need to do is select a suitable policy and pay timely premiums to ensure life cover protection for your family, who will be supported by the term insurance sum assured in the event of your death during the policy term.

  • Choose to increase your term insurance coverage - Features of 1 Crore Term Insurance Plan
    Option to Increase Coverage

    Term insurance plans are meant to protect your loved ones from life’s uncertainties and this risk changes with every life stage. With a 1 cr term insurance cover, you can choose to increase your term insurance coverage at different life stages to ensure better protection for your family members.

  • Customer Support executive - Features of 1 Crore Term Insurance Plan
    Add-on Covers or Riders^

    The simple life cover of a term insurance plan can be easily boosted with optional riders that protect you against critical illnesses, major and minor illnesses and injuries, accidental death and disability, hospitalisation, and many other risks. These riders can be added to your term plan for an extra nominal premium.

Factors To Check Before Buying a Term Insurance Policy

  • Money Bag - Tata AIA Life Insurance reported 98.02% Claim settlement ratio - Factors To Check Before Buying a Term Insurance Policy
    Claim Settlement Ratio (CSR)

    When choosing a 1 crore insurance policy, always check the claim settlement ratio of the insurance provider. This factor is extremely important as it indicates the number of claims settled by the insurer compared to the number of claims filed by customers during a financial year. Tata AIA Life Insurance has constantly upheld its promise our protection and on time claim settlement. Tata AIA Life Insurance reported 98.53% Claim settlement ratio for FY 21 -222

  • Solvency Ratio - Factors To Check Before Buying a Term Insurance Policy
    Solvency Ratio

    If your insurance provider is unable to settle your claims, the problem could be their solvency ratio, which refers to their financial capacity to pay out the claims. Look for a high solvency ratio as that will indicate the company’s financial strength and its ability to settle your claim entirely. It is also advisable to research the company’s financial status to check if they are able to settle claims. 

  • Inbuilt critical illness cover or a critical illness benefit option - Factors To Check Before Buying a Term Insurance Policy
    Critical Illness Cover

    An ideal term insurance plan should offer an inbuilt critical illness cover or a critical illness benefit option. That way you can enhance the coverage of your 1 crore term insurance without affecting the sum assured of the base plan in case of a critical illness. The critical illness cover should pay out a lump sum amount or percentage of the cover on the diagnosis of the critical illness.

  • Choice of riders with one crore term insurance plan - Factors To Check Before Buying a Term Insurance Policy
    Additional Protection

    The choice of riders^ offered with a term insurance policy can help you choose and customise your term insurance the way it suits your insurance needs and budget. Waiver of premium benefit, accidental death and dismemberment and health riders are among some of the important rider benefits that you can add to your term insurance plan to enhance coverage and protection. 

How to Determine the Right Coverage Amount?

  • Your age and income can help you choose a term insurance coverage - How to Determine the Right Coverage Amount?
    Your Age & Income

    Your age and income can help you choose term insurance coverage as per your needs and budget. For example, if you are young and have fewer responsibilities, you can start with a coverage amount which you can increase as your financial obligations increase. Or you can simply opt for a larger cover at a young age, for a longer tenure, thereby locking in low term insurance premium payments.

  • Know the purpose of Buying Insurance - How to Determine the Right Coverage Amount?
    Purpose of Buying Insurance

    A term life insurance offers the benefit of an extensive life cover that different people may utilise for various needs. While someone may want to ensure the future financial stability of their family, another may want to protect their loved ones from the financial impact of unpaid debts. Hence, identifying why you and your family need a certain amount of coverage can help you plan an appropriate term insurance amount.

  • Dependants’ Needs - How to Determine the Right Coverage Amount?
    Family Dependants’ Needs

    Not all families have the same financial needs and commitments and therefore, a term plan cannot serve the same purpose for everyone. Term insurance is flexible and can be suited for those with different needs. If there are financial requirements unique to your family, the term insurance plan should be selected accordingly. Always consider the needs of all your family members before getting the term insurance policy.

  • Liabilities - How to Determine the Right Coverage Amount?
    Liabilities

    If you have financial liabilities such as ongoing EMIs and unpaid debts, having a term insurance plan with adequate coverage can help you keep your family safe from the impact of these obligations in your absence. Also, remember to take into consideration any health conditions that can lead to hospitalisation. You can also add health riders^ to your term insurance plan and enhance the coverage in case there is a need to meet medical expenses.

How to Choose a Good 1 Crore Term Plan for Yourself?

  • Keep the plan valid by paying the premiums regularly - How to Choose a Good 1 Crore Term Plan for Yourself?
    Premium paying capacity

    For a 1 crore term plan, you should be able to keep the plan valid by paying the premiums regularly. Using a term insurance premium calculator, you can determine if you can pay all the premiums for a 1 crore term insurance plan.

  • Enhance the cover of a 1 crore term insurance plan with appropriate rider^ benefits - How to Choose a Good 1 Crore Term Plan for Yourself?
    Additional benefits

    You should be able to enhance the cover of a 1 crore term insurance plan with appropriate rider^ benefits such as a critical illness cover or an accidental death benefit cover so as to avail of additional coverage while protecting your policy.

  • Claim settlement ratio of your insurer is crucial - How to Choose a Good 1 Crore Term Plan for Yourself?
    Claim settlement ratio

    The claim settlement ratio of your insurer is crucial if they provide you with a 1 crore term plan cover. Tata AIA Life Insurance’s claim settlement ratio of 98.53% during FY 2021-222.

  • Choose the correct term insurance policy term - How to Choose a Good 1 Crore Term Plan for Yourself?
    The right policy tenure

    Choose the term insurance policy term for as long as you need to protect your family. Then ensure that the plan can offer coverage when you most need it and till the time you can comfortably pay all the premiums on time.

  • Consider all financial commitments and later decide the cover amount - How to Choose a Good 1 Crore Term Plan for Yourself?
    Decide the cover amount

    Consider all financial commitments and expenses your family will have to take care of in your absence when you decide on the coverage amount. This amount should offer adequate financial support to them during emergencies as well.

  • Opt for limited pay or single pay and only enjoy the coverage later - How to Choose a Good 1 Crore Term Plan for Yourself?
    Limited premium term

    When you choose a one crore term plan, you can choose a flexible premium payment term plan so that if you do not want to pay premiums later on in life, you can simply opt for limited pay or single pay and only enjoy the coverage later.

  • Choose a suitable premium payment frequency - How to Choose a Good 1 Crore Term Plan for Yourself?
    Choose a suitable frequency

    For most people, paying monthly premiums is convenient as they can micromanage their finances. But you can also pay quarterly, half-yearly and annual premiums as per your convenience and financial planning. 

Man using calculator - Calculate Your Term Insurance Premium

Calculate Your Term Insurance Premium

Use our online term insurance calculator to check the coverage you need to secure your family today!

Is it Better to opt for Higher Coverage?


Term insurance coverage can be as extensive and comprehensive as you want it to be. The life cover should be able to protect you and your family from financial uncertainties. Hence, when you select a term insurance plan, be sure to take a variety of factors into consideration, including your current and future income, your family’s current expenses, any future obligations, liabilities, and also medical emergencies which can consume a considerable chunk of your savings funds.

However, when you choose a higher term insurance sum assured of 1 crore, you can ensure better coverage for your family’s needs. These are some of the benefits that come along with a 1 crore term plan cover:

  • One crore term insurance plans are cost-effective - Is it Better to opt for Higher Coverage?
    Cost-effectiveness

    Even though a one crore term policy offers quite a lot of coverage, you can still enjoy the benefits of the same at very reasonable premiums. As such term insurance plans are known to be quite cost-effective, irrespective of the sum assured you choose.

  • Premiums you pay towards the policy will remain stable and locked in - Is it Better to opt for Higher Coverage?
    Fixed Premiums

    The premiums you pay towards the policy will remain stable and locked in once you buy the term insurance plan. By purchasing a term plan early on in life, you can lock in highly affordable premiums, even though the coverage may be as high as 1 crore.

  • Extensive Coverage - Is it Better to opt for Higher Coverage?
    Extensive Coverage    

    Your family’s financial needs will keep changing and to ensure that they do not have to compromise on their dreams and goals, a one crore term plan is essential. A high coverage such as this can keep them comfortable and free from financial worries when you cannot look after them.

Voice of our happy customers
 

Voice of our happy customers - Customer Reviews

Voice of our happy customers - Customer Reviews
This email is to appreciate the support of Monomay & Subrata even though they were working from home during the locked down phase. I really appreciate the support and the effort of the team to take extra steps to resolve my issue. Keep up the great work.

Sohini Saha

Nishant Kumar - Voice of our happy customers - Customer Reviews
Dear Harshali and Tata AIA Team, Thanks a lot. Amount has been credited to my account. I shall remain thankful to Tata AIA for the support in the time when the whole country is suffering from COVID19.

Nishant Kumar

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Frequently Asked Questions

Generic Policy Cover Premium Claim

What is the significance of a one crore term insurance plan?

A one crore term plan offers an extensive life cover, enabling the policyholder to protect their family’s future in case of an unfortunate occurrence while paying affordable premiums over the course of the policy term.

Is it possible to buy a 1 crore term insurance plan online?

Yes, a 1 crore term insurance plan can be purchased online. An online purchase is simpler and saves a lot of time since you can also use a 1 crore term insurance premium calculator to calculate your premiums and compare the plans.

How much term insurance coverage is necessary?

To be prepared for all types of emergencies and ensure your family’s protection against unforeseen financial obstacles, you can choose a one crore term plan. While your family is covered under the extensive coverage of the term plan, you can benefit from paying affordable premiums.

How many term plans should you have?

If you have a one crore term insurance plan, you can easily avail of extensive coverage without have to invest in multiple term insurance plans and protect your family with the life cover. With many term plans, you could face issues with regard to timely premium payments and renewal.

What determines the cost of the term insurance coverage?

Your term insurance policy cover can be determined by various factors such as your income, your family’s current and future financial needs, your financial commitments and liabilities and any other contingencies such as a medical emergency.

What are the popular Term Insurance plans offered by Tata AIA Life Insurance?

You can check our best selling plan, Tata AIA Life Insurance Sampoorna Raksha Supreme (UIN:110N160V03), and the InstaProtect Solution. With the seamless online buying journey, you can purchase the term plan without any hassle.

What plan options can be selected under a Tata AIA Life Insurance term plan?

The Tata AIA Life Insurance Sampoorna Raksha Supreme (UIN:110N160V03) offers 4 plan options, and you can choose one depending on your insurance needs. The plans options are - The Life Option, Life Plus Option, Life Income Option, and Credit Protect Option.

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

A free look period of 15 days is applicable on the Tata AIA Life Insurance term plans purchased offline. The duration of the free look period is 30 days if the term plan has been purchased online.

What are the tax benefits for a 1 crore term insurance plan?

Under Section 80C of the Income Tax Act, the 1 crore term insurance premium is eligible for tax deductions while the death benefits are eligible for tax exemptions under Section 10(10D).

Can you get a return of premiums on a one crore term plan?

Yes, irrespective of the coverage, With Tata AIA Life Insurance Sampoorna Raksha Supreme (UIN:110N160V03) Life Plus Option offers a 105% return of premium** on the total premiums paid at the end of the policy term, if the policy has not been surrendered and stays in effect until then.

Can a 1 crore term insurance plan offer whole life coverage?

Yes, with a Tata AIA Life Insurance Sampoorna Raksha Supreme (UIN:110N160V03) which offers a 1 crore term plan, you can enjoy whole life coverage^^.

What optional riders can I add to my Tata AIA Life Insurance term plan?

You can enhance your 1 crore term policy with one or more the following riders:
 

  • Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN: 110B033V02)

  • Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN: 110B031V02)

Are the riders^ of a 1 crore term policy free of cost?

No, if you add optional riders to your one crore term plan, an additional premium will have to be paid for each of the riders added. This insurance premium will be over and above the premiums paid for the base policy.

How to increase the term plan coverage?

You can increase your term plan coverage with the Life Stage Option^^ and increase your coverage at every important milestone in your life that calls for greater insurance protection.

At what age can your avail of maximum term insurance coverage?

You can purchase a one crore term plan at any age, as long as you meet the eligibility criteria of being between 18-60 years of age. While you can go for a higher term insurance coverage, a one crore term plan is optimal as it allows you to maintain affordable and low premiums, which is also possible if you purchase such a policy at a younger age.

How do I use a 1 crore term insurance premium calculator?

To use a 1 crore term insurance premium calculator, visit the official Tata AIA Life Insurance website and provide a few essential details as indicated on the calculator. Once you submit these details, you can take a look at the 1 crore term insurance premium quotes and proceed to choose a suitable plan.

What are the premium payment frequencies available for a 1 crore term insurance plan?

The premium payment frequencies for Tata AIA Life Insurance, a 1 crore term insurance plan, are annual, half-yearly, quarterly, monthly and Single Pay.

Do women policyholders pay lower premiums for a 1 crore term insurance plan?

Yes, women policyholders who purchase 1 crore term insurance plans from Tata AIA Life Insurance can avail of affordable term plan premium rates.

Can I choose the premium payment term of my 1 crore term insurance plan?

Yes, at Tata AIA Life Insurance, you can choose a term plan that offers the flexibility of paying your premiums as limited pay, regular pay, or single pay.

What happens if you stop your premium payments?

If you stop your premium payments and cross the expiry date, Tata AIA Life Insurance offers a grace period of 15 days (for monthly frequencies) 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.

Why is the claim settlement ratio of an insurer important?

The claim settlement ratio of a term insurance provider helps you understand if they will be able to settle your claims effectively and on time. A high claim settlement ratio indicates that the term plan provider has settled maximum claims in a financial year out of all the claims they have received. Tata AIA Life Insurance has a claim settlement ratio of 98.02% for FY 2020 – 212.

What documents are needed while filing a term insurance claim for a one crore term insurance policy?

If you want to know about the documents needed for the claim intimation and settlement process of a 1 crore insurance cover, please visit our claim settlement page. 

What is the process for filing a claim for a one crore term plan?

If you want to file a claim with us for a one crore term plan, you can choose any of the options below –
 

  • Register a Claim online on our website

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

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

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

  • Write to us at the below address:

The Claims Department,

Tata AIA Life Insurance Company Limited

B- Wing, 9th Floor,

I-Think Techno Campus,

Behind TCS, Pokhran Road No.2,

Close to Eastern Express Highway,

Thane (West) 400 607.

IRDA Regn. No. 110

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

You can file the following claims with Tata AIA Life Insurance for a 1 crore term insurance -

  • Death claim

  • Hospitalisation and dismemberment claim

  • Natural calamity claim

  • Death of Payor claim

  • Critical illness and disability claim

  • Cashless and reimbursement claim

Can a nominee file a claim for the natural death of the policyholder?

If you purchase a Tata AIA Life Insurance 1 crore term insurance, all types of deaths can be covered. However, it is important to provide all the correct details when filling out the insurance form and also while filing the claim, failing which the claim process could take a long time.

Need more information?

Let us help you

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

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Disclaimer

  • *The premium of Rs. 971 p.m. has been calculated for a 20-year-old healthy female life (standard life/non-smoker) with monthly mode of payment and premiums paid regularly for the policy term of 40 years with income payout option with Life Cover of Rs 1 crore in Life Plus Option. Goods and Services tax and/or applicable cesses (if any) as per applicable rates will be charged extra. Reference in the creative is a sample illustration.

  • **Under Life Plus Option, an amount equal to the 105% of the Total Premiums Paid (excluding loading for modal premiums) shall be payable at the end of the Policy Term, provided the life assured survives till maturity and the policy is not terminated earlier.

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

  • ^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.

  • ^^Applicable for Life, Life Plus and Life income options

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

  • Claims beyond three years from the date of issuance of policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later. Subject to all the relevant terms and conditions of the policy contract.

  • Claim Processing - All the relevant terms and conditions of the policy contract, including provisions in respect to claim procedure shall apply. Unit linked products; policies with unclaimed amounts or last premium payment not cleared are excluded.

  • 14 Hour claim processing is applicable for Tata AIA Life Insurance working days (Monday to Friday) up to 2 pm and also bank working days subject to submission of complete documents.

  • 2Individual Life Claim Settlement Ratio is 98.53% for FY 2021 - 22 as per the latest annual audited figures.

  • This plan offers pure risk premium option under Life Option and return of premium benefit under Life Plus Option along with other benefits. Please refer sales brochure for complete details.

  • This product is underwritten by Tata AIA Life Insurance Company Ltd. This 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.

  • In case of sub-standard lives, extra premiums will be charged as per our underwriting guidelines.

  • 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. 

  • L&C/Advt/2022/Sep/2182