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Term Insurance

Term insurance is the type of life insurance. In exchange for a fixed premium, it provides financial protection for a specific period. The term Read more insurance plan protects the financial needs of your dependants in the event of your absence.
In the event of your death, your nominee will receive a death benefit that can be used to cover basic living expenses, such as food, clothing, healthcare, education, and so on. Therefore, it is crucial that you purchase the best term insurance plan for your family's financial security. Read less

Term insurance is the type of life insurance. In exchange for a fixed premium, it Read more provides financialprotection for a specific period. The term insurance plan protects the financial needs of your dependants in the event of your absence.
In the event of your death, your nominee will receive a death benefit that can be used to cover basic living expenses, such as food, clothing, healthcare, education, and so on. Therefore, it is crucial that you purchase the best term insurance plan for your family's financial security. Read less

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Get ₹1 Cr. Life Cover
at ₹501/month¹

Up to 18.5% discount² (1^st year premium)
Return of premium³ option
4 hour claim settlement⁴

⁴T&C apply

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Term Insurance Calculator

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Get Life Cover of ₹1 Crore by paying a premium of

₹7,085/month (for 30 years)

₹8,287

saving Save ₹1,202 with discounts

₹ 4.2 Lakh

₹ 1 Crore

You Pay (Total)

You Get (Life Cover)

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Discounts

2% Milestone discount

2% discount on 1st year premium on these milestones

Event	Eligibility
Wedding (1 wedding only)	Within 6 months before or after the date of wedding
Birth/ Adoption of 1^st child*	Within 6 months before or after the birth/ adoption date
Home loan	Within 6 months of loan getting sanctioned
First job	Within 6 months of joining date

*Policy issuance eligibility for female customers will be determined by Board Approved Underwriting Policy (BAUP)

The above milestones cannot be clubbed to avail more discount, Such discount shall be capped to a maximum of ₹500 over the year.

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Tata AIA Life Insurance Sampoorna Raksha Promise (A Non-Linked Non-Participating, Pure Risk, Individual Life Insurance Plan) • UIN:110N176V08

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Term Insurance Options: Coverage that fits your budget

Term Insurance

₹50 Lakhs

at ₹346/month⁵

Check Price

Term Insurance

Best Seller

₹1 Crore

at ₹501/month¹

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Term Insurance

₹2 Crore

at ₹804/month⁶

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Term Insurance

₹5 Crore

at ₹1817/month⁷

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Written by

Vishal Kapoor

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.

Reviewed by

Girish J Kalra

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 policy is a basic form of life insurance offering financial protection for a specific period. The nominee of a term insurance policy will receive a financial benefit if you die during the policy period.

The purpose of term life insurance is to provide financial benefits only in the event of the policyholder's death during the term period. This policy does not return any financial value if you survive its term. You can choose term insurance with return of premium if you wish to get your premiums back after the policy term ends.

When you buy term insurance, you pay regular premiums in exchange for a financial benefit that goes to your nominee in the event of your untimely demise.

How does a term plan work?

A term plan is a type of life insurance that may help protect your family if something happens to you during a set period. Here is how it works:

First, you choose the sum assured and the policy term, then pay regular premiums to keep the plan active. These premium amounts can be paid monthly, quarterly, yearly, or as a single payment.
If you pass away during the policy term, your nominee might receive the sum assured as a lump sum or regular income, depending on what you chose earlier. However, if you survive the term, there is no payout, unless opted for return of premium (ROP).
Moreover, the claim process is simple. Your nominee may need to submit documents such as the death certificate, claim form, KYC documents and Bank details to the insurer.
In addition, after the documents are checked, the insurer would release the funds as per the policy.
This makes a term insurance plan an affordable option that often helps your family manage their expenses if you are not there.

Here are a few sample illustrations to help you understand our Term plans better.

Our bestselling Term Insurance plans

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

Tata AIA

Sampoorna Raksha Promise

Key benefits:

Get ₹1 Cr life cover @501/month¹
Up to 18.5% discount² (1^st year premium)
Option to get all premiums back³

Calculate Premium Know More

Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N176V09)

Tata AIA

Maha Raksha Supreme Select

Key benefits:

Get ₹2 Cr life cover @679/month⁸
Up to 18.5% discount² (1^st year premium)
Waiver of premium if diagnosed with terminal illness

Calculate Premium Know More

Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N171V13)

Here is an example to help you understand our term plans better.

Purchasing a policy: Vishal undergoes medical testing, completes the health assessment, and starts paying premiums.
During policy term: In order to maintain the desired life insurance coverage, he continues to pay premiums.
Death during the policy term: In the event of Vishal's death during the tenure of the policy, his beneficiary/nominee receives the tax-free⁹ death benefit amount of Rs. 1 crore.
Outlives the policy term: Vishal’s term plan ends on his 60th birthday. Ajay would receive all his premiums back if he had opted for the term plan return of premiums option.

Tata AIA Term plans

Tata AIA Sampoorna Raksha Promise

Tata AIA Maha Raksha Supreme Select

Tata AIA Saral Jeevan
Bima

Tata AIA Bharat Suraksha Cover Micro Insurance

Tata AIA Life Insurance Sampoorna Raksha Supreme

Why should you buy a term insurance plan?

Purchasing a term insurance plan helps ensure financial security for your loved ones in your absence. Here is how a term insurance plan can help you

Financial protection for the family
: In the event of the policyholder's untimely demise, the term insurance plan helps ensure that the family receives a lump sum amount. It helps them maintain their lifestyle and meet financial obligations.
Affordable premiums
: Term insurance plans are generally cost-effective. For instance, a ₹1 Crore life cover starts at ₹501 per month¹, making it accessible for individuals across various income levels.
Tax benefits
: Term insurance provides financial security as well as tax benefits⁹. There is 0% GST on term plans, making them cost-effective. Further, policyholders can avail tax deductions⁹ on the premiums paid under Section 80C of the Income Tax Act, improving long-term savings.
Coverage against critical illnesses
: Many term insurance plans offer riders¹⁰that provide additional coverage against critical illnesses, ensuring comprehensive protection.
Debt repayment support
: In case of the policyholder's death, the sum assured can be used to repay outstanding debts, preventing a financial burden on the family.

What are the features of term insurance?

The key features of term insurance plan are as follows:

Low entry age

Our best term insurance plans in India are available to policy buyers with a minimum entry age of 18. This means you can financially secure yourself and your loved ones early in life with our basic term plan.

Whole life cover

Our term plans have flexible plan durations. You can protect yourself for the maximum plan term, up to 100 years of age¹⁴. However, many people prefer a life cover till 60-70 years of age until their financial liabilities are over.

Payment flexibility

With Tata AIA, you can choose the premium payment mode - Single Pay (pay once), Regular Pay (pay during the entire policy term), and Limited Pay (pay for a defined time). You can also select the premium payment frequency, such as monthly, quarterly, half-yearly, or annually, as per your budget and fund availability.

Adjustable cover

Our term plan allows you to adjust your plan coverage with your changing insurance needs at different milestones and life stages. With our Life Stage Benefit¹⁶, increase life cover at important milestones.

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, a lump sum + regular monthly payment or the entire sum assured as regular monthly payouts.

Cover against critical illnesses

You can opt for our comprehensive health riders¹⁰ for protection against a wide range of critical illnesses, such as cancer, heart-related ailments, kidney failure, etc.

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 paid³ 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 riders¹⁰ with accidental death and disability cover protect the family’s financial stability.

Calculate premium for ₹1 Crore term plan

Gender

Male

Female

Age

20 65

Monthly premium

What are the benefits of buying Term Insurance?

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

99.41%

Individual Death Claim Settlement Ratio²³ in FY 24-25

89 Lakh+

Families protected so far¹⁹

#1 in Retail Sum Assured

Highest retail sum assured of ₹7,90,000 Cr.+²⁰

4 Hour

Claim Settlement⁴

600+ Branches

Presence across major cities in India

Pay as per your convenience

Flexibility to choose a premium payment mode as per convenience

⁴T&C apply.

Who should buy a term insurance plan?

The following are some of the types of people who may consider buying a term insurance plan, depending on their life stage and responsibilities:

Newly married people

If you are Starting A family term insurance may help you protect your partner and children from financial troubles in your absence. Choosing the best term insurance plan in India can give them the necessary financial support in your absence.

Single earners

If your family depends only on your income, a term life insurance policy is important. It gives a specific amount to your family in case of your unfortunate demise. Picking the best term policy in India helps ensure you get the right cover at an affordable cost.

Individuals with existing loans

If you have a home or personal loan, a term insurance plan helps ensure your family is not burdened with repayments.

People with other debts

If you have education or car loans, a term plan helps your family handle those expenses even after your absence.

Business owners and self-employed

Business owners can use term insurance to protect their business and loved ones. It also helps manage sudden business loss.

Women and homemakers

More women are earning now. A term plan for women helps them protect their family’s future. Homemakers can also get coverage to support their household roles.

Retired and near-retirement individuals

If you are retiring but still have dependents, term life insurance helps them stay financially secure.

People with elderly parents

If you support older parents, buying the best term plan will help them live without worries if something happens to you.

Taxpayers

Paying for a term insurance plan may help you save taxes⁹ each year as part of your financial planning. Comparing the best term plans can help you find one that suits your income and long-term needs.

What are the important life stages to buy Term Life insurance?

Term life insurance is important if you want to protect your family from financial challenges. It is helpful when you are the only earner in your family. Here are some important stages in life where term insurance becomes very important.

Starting a family:

When you begin a family, your responsibilities increase. If something happens to you during this stage, term insurance provides a fixed amount to your nominee. This helps your family cover daily expenses.
Planning for children’s education:

Higher education needs good financial support. If you are not there when your child is ready for school or college, term insurance provides the assured amount to your nominee. This helps your child continue their studies without financial worries.
Children’s wedding:

Weddings come with heavy expenses like jewellery and celebrations. In case of your untimely death, the term insurance amount can help your family arrange for your child’s wedding without financial pressure.
Managing liabilities:

If you have a home, car, or personal loan, your family may struggle to repay the loans in your absence. If something happens to you, the insurance amount can help clear these debts. This prevents your family from dealing with unpaid EMIs.
Maintaining lifestyle and future security:

Prices rise every year, making daily life more expensive. If you pass away, term insurance gives a fixed amount that helps your family keep their regular lifestyle. It also supports them in the long term, especially if you haven’t built large savings. This amount works as financial support in your absence.

Types of term insurance plans in India 2025

There are different types of term insurance plans you can choose based on your needs. Some of them are as follows:

Level term plan
: This is the basic plan where the cover and premium remain fixed. It is easy to understand and affordable for many people.
Increasing term plan
: In this plan, the cover amount increases every year, and it may help you face inflation. Many people choose this to deal with rising costs.
Decreasing term plan
: The death benefit in this term insurance plan reduces over time following a fixed schedule. People usually take this insurance along with a home loan. As the home loan amount decreases over time, the life cover of the term insurance also reduces.
Return of premium plan
: This plan gives back the premium paid if the policyholder survives the policy term. It may be suitable for people who want to get their premium back.
Joint life term plan
: The joint life term plan is for couples. Both you and your spouse are covered under a single term life insurance policy.
Convertible term plan
: This term plan allows you to convert term insurance into another life insurance policy later. This allows flexibility if your coverage needs change in the future.

Many individuals look for the best term insurance plan in India based on their life stage and goals. You can also use online tools to compare and find the best term plan.

Difference between term life insurance and whole life insurance

The following table highlights the difference between a term life insurance policy and a whole life insurance plan:

Features	Term Life Insurance	Whole Life Insurance
Coverage Duration	Coverage lasts for a specific period chosen by the policyholder. Protection is provided only during this selected term.	Coverage under a whole life insurance policy continues for the insured’s entire lifetime, until age 100¹⁴, as long as premiums are paid regularly.
Premium Amount	The premium amount of a term insurance policy is typically lower because it covers a specific period.	The premium of a whole life insurance policy is higher because it includes lifelong coverage and offers additional long-term features.
Riders¹⁰	The best term insurance plans in India include useful riders¹⁰, such as critical illness, accidental death, and waiver of premium for enhanced protection.	Some whole life insurance plans also allow riders¹⁰, but they are more commonly used with term life insurance policies.
Payout Type	The nominee receives the sum assured to the nominee only if the policyholder dies during the selected term of the policy, provided all premiums are paid.	Pays the full sum assured on the policyholder’s death at any age, along with any accumulated savings or bonuses.
Bonus Eligibility	Not eligible for bonuses; designed solely for protection.	May offer bonuses such as loyalty additions or guaranteed accruals.
Loan/Withdrawal Facility	No loan or withdrawal options are available.	Loans and partial withdrawals are allowed after the lock-in period.
Surrender Value	No surrender value; policy lapses if premiums are unpaid.	Partial surrender value is available after a few years of continued premium payment.
Tax Benefits⁹	Premiums are eligible under Section 80C; death benefit exempt under Section 10(10D).	Same tax⁹ benefits as term plans, with added exemption on maturity proceeds under Section 10(10D).

What are the best term insurance plans in India 2025?

The following table explains some of the best term insurance plans in India in 2025 and their key features:

Term Insurance Plan Type	Key Features
Basic Term Insurance	This basic term insurance plan offers coverage for a chosen number of years. It provides a lump sum to your nominee in case of death during the policy term.
Increasing Sum Assured Plan	The sum assured increases every year by a fixed percentage. This helps deal with inflation and future financial needs, though premiums may be higher.
Term Insurance with Monthly Income	In addition to a lump sum payout, the term insurance with a monthly income plan provides a certain sum every month to the family. It may help manage household expenses after the policyholder’s death.
Return of Premium Term Plan	If the policyholder survives the policy term, the total premiums paid are returned, and the death benefit is still available during the coverage period.
Critical Illness Rider¹⁰ Term Plan	This plan allows you to add protection for specific major illnesses. On diagnosis of a listed condition, a lump sum is paid, based on rider¹⁰ terms.
Waiver of Premium Benefit	If the insured is diagnosed with a critical illness or suffers permanent disability, future premiums may be waived while the policy continues.
Accidental Death and Disability Cover	This rider¹⁰ offers an extra payout if death or disability occurs due to an accident. It can be added to enhance the base term plan coverage.
Group Term Insurance	This plan is often offered by employers to their employees. It provides financial cover for death or disability under group coverage terms.

Tata AIA's best Term Insurance plans in India

Tata AIA Sampoorna Raksha Promise:

Tata AIA Sampoorna Raksha Promise provides comprehensive financial protection and flexibility to policyholders and their families. Depending on the family's financial needs, policyholders can choose to receive their death benefit as a lump sum or in instalments.

Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N176V09)
Tata AIA Maha Raksha Supreme Select:

Tata AIA Maha Raksha Supreme Select offers comprehensive financial coverage with customisable options to meet individual needs. A critical illness rider¹⁰, accidental death rider¹⁰, and premium waiver rider¹⁰ are among the optional riders¹⁰ available to policyholders.

Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V13)
Tata AIA Saral Jeevan Bima:

Tata AIA Saral Jeevan Bima is a pure term insurance plan that offers financial stability to your family at affordable premiums. It provides a lump-sum death benefit if the policyholder dies during the policy term, protecting your loved ones from financial stress.

The complete name of Tata AIA Saral Jeevan Bima is Tata AIA Life Insurance Saral Jeevan Bima - A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan (UIN:110N157V02)
Tata AIA Bharat Suraksha Cover Micro Insurance:

The Tata AIA Bharat Suraksha Cover is an affordable micro term insurance plan designed to protect individuals and families. This micro term insurance plan provides a sum assured of up to ₹2 Lakh, ensuring that your loved ones are financially secure in the event of your untimely demise.

Tata AIA Bharat Suraksha Cover Micro Insurance Plan - Non-linked, Non-Participating Individual Micro Term Insurance Plan (UIN: 110N169V01)

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 your eligible age applicable for the product, it is always better 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 a 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. The higher the claim settlement ratio, the better the chances of your beneficiaries receiving the claim on time.

Tata AIA Benefit: Tata AIA Life Insurance has an Individual Death Claim Settlement²³ Ratio of 99.41% for FY 24–25.

Riders / add-on cover

Choose riders¹⁰ that offer benefits such as protection against critical illnesses, accidental death and disability, along with waiver of premium benefits tailored to unique needs for targeted protection against various circumstances.

Tata AIA Benefit: We offer a choice of add-on riders¹⁰for 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 additional coverage they will need in the future.

Tata AIA Benefit: We offer a Life Stage Benefit¹⁶ with our term insurance plans to allow increasing the sum assured at important milestones, such as marriage, birth/adoption of a child, etc.

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. You can compare our plans here.

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 with our expert advisors. Book a call today to talk to our expert today.

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 bonds, 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.

Choose the best Term Insurance plan as per your needs

Selecting the best term insurance plan depends on many personal and financial factors. The following points may help you choose the suitable term insurance plan based on your needs.

Decide the right coverage period

The number of years your policy should continue depends on how long your family may need financial support. Younger individuals may opt for longer terms, such as 30 or 40 years.

20 Year Term Life Insurance

10 Year Term Insurance Plan

40 Year Term Insurance Plan

30 Year Term Insurance Plan

Consider your current age

Your age directly affects the premium and available coverage. Buying a term insurance plan early may help you get lower premiums. Senior citizens may need higher coverage if their financial obligations are still pending.
Align the coverage with your income

The amount of coverage you need often depends on your monthly income. If your income is higher, you may require a larger sum assured to maintain your family’s lifestyle. So, estimate your needs accordingly before selecting the plan.

₹1 Crore Term Insurance

₹2 Crore Term Insurance

₹50 Lakh Term Insurance

₹5 Crore Term Insurance

₹25 Lakh Term Insurance

₹30 Lakh Term Insurance

Assess plans based on your personal needs

Different individuals have different coverage needs depending on their income, life stage, and responsibilities. A salaried person may need steady income benefits, while an NRI may need the facility to keep the policy active across locations. Senior citizens often choose shorter terms with limited premiums. Considering these factors may help you choose a plan that aligns with your needs.

Term Insurance for Senior Citizens

Term Insurance for Housewife

Term Insurance for NRIs

Term Insurance for Women

Term Insurance for Students

Term Insurance for Self-Employed

Add Riders¹⁰ for Extra Protection

You can add riders¹⁰, such as critical illness, waiver of premium, or accidental disability. These features help in dealing with unexpected life events.

Non-linked Comprehensive Protection Rider
- Covers⁴⁰ Critical Illnesses including Cancer and Cardiac conditions along with Terminal Illness cover
- Financial protection against Accidental Death & Accidental Total & Permanent Disability

Comparison of Tata AIA Term Insurance plans

Here’s a snapshot of our best term insurance plans:

Plan name

Tata AIA Sampoorna Raksha Promise: Life Promise

Tata AIA Maha Raksha Supreme Select: Life Secure

Entry Age (years)

Minimum

Maximum

Maturity Age (years)

Minimum

Maximum

Pay premium for (Premium Payment Term in years)

Minimum

Maximum

Stay covered for (Policy Term in years)

Minimum

Maximum

Life cover (Basic Sum Assured in ₹)

Minimum

Maximum

Premium payment mode

Death benefit

Option to cover till age¹⁴ of 100

Return of premium

Terminal illness cover

Early exit feature

Instant claim payout¹²

FlexiPay¹³ (Pay later) benefit

Health benefit

Tax benefit⁹ on premiums paid

Tax on death benefit

Digital purchase discount

Salaried personnel discount

Female premium benefit

Milestone discount

Tata Group staff discount

Other discounts

Calculate premium

Explanation

Premium payment term: Period for which premiums will be paid

Policy term: Period for which policy will remain active subject to premiums paid on time

Basic sum assured: Life cover provided under the policy

Single pay: Pay premium once

Limited pay: Pay premium for a defined number of years, lesser than the policy term

Regular pay: Pay premiums for the entire policy term

How does a term plan secure your family’s financial future?

Importance of life expectancy

Life expectancy rates in India have improved over the years. However, there are various challenges, such as rising stress levels, sedentary lifestyles, and pollution. According to the World Health Organisation (WHO), the global average life expectancy is approximately 71 years. However, 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

Term Calculator – Check premium in just 2 steps

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Gender

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Tata AIA Sampoorna Raksha Promise

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

Age is an important factor in determining term insurance premiums. Younger people tend to have a lower 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 a 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 plan premiums are higher for professionals who work in high-risk environments, like construction, mining, pilots, etc.
Smoking and drinking habits

People who consume alcohol or smoke have to pay higher term insurance premiums than others because of their negative impact on one’s health.
Policy tenure

The premium for longer tenures will be lower than for shorter policy tenures for the same coverage due to the assurance of long-term premium payments.

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 you stop earning.
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 estimate the amount of term insurance coverage you need as a replacement for your income. Check out our Human Life Value Calculator.

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.

How long should the Term Insurance policy period be?

Choosing the right term insurance period: 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.
Avoid short-term coverage: Buying a term plan for a short duration may not be sufficient to cover your financial needs.
Don’t overextend your policy: Choosing a longer period unnecessarily will make you pay policy premiums beyond your requirement.
Align coverage with your retirement age: Since most people meet their financial obligations by the time they retire, choosing a term plan that ends close to their retirement time, like 60-70 years of age, is advisable.

What’s the right duration for your term plan?

Financial responsibilities typically taper off by age 70

With rising expenses, you need a larger life cover

Plan now

Double your life cover for similar premium by taking term plan till 70 years

Cover till
70
years of age

₹2 Crore

Life cover

at ₹46,014/Year

Cover till
85
years of age

₹1 Crore

Life cover

at ₹46,078/Year

Plan now

Understanding the age factor in term insurance pricing

Due to an increase in mortality risk, term insurance premiums increase with age. The risk of death increases with age, and so does the premium. Based on their assessment of risk, life insurance companies determine your premium. The following are the main reasons for higher premiums:

Increased mortality risk

A younger person has a longer life expectancy, so the term insurance premiums are likely to last longer before a claim occurs. As the individual ages, the years that they have to pay premiums reduce, so a higher premium is needed to cover the same death benefit.
Increased likelihood of health issues

Diabetes, hypertension, heart problems, cancer and other diseases are more likely to develop as you age. As a result of these risk factors, insurers can increase the premiums on term insurance for people with diabetes or other pre-existing conditions.
Cost of Reinsurance

The life insurance industry transfers part of its risk to other companies known as reinsurers. Reinsurance costs also go up with age, which translates into higher premiums for policyholders.

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.

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 until 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 an affordable term policy quote, and more importantly, enjoy a longer, healthier life too.

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 Crore and name your spouse as the policy beneficiary, your spouse will receive ₹2 Crore as a single payment under covered situations.	If you are confident your beneficiaries will be able to manage the single lump sum amount efficiently or may require a significant amount for a major expense, you can opt for this payout option.
Fixed Monthly Payments	Under this payout option, your plan beneficiary receives the death benefit as regular payments from the insurer. Here, the sum assured acts as a regular source of income for your family in your absence.	If you choose a sum assured of ₹2 Crore and opt for a regular payout for 5 years, the sum will be divided into 60 units and paid out monthly.	Regular payouts are great if you want the death benefit to serve as a monthly income replacement. It is also better 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 amount as regular payments for a fixed tenure. You can decide how the death benefit is to be bifurcated between the two payment options here.	You choose a sum assured of ₹2 Crore and opt for a lump sum payment of 50% of the sum assured and the other 50% as a regular monthly payout for 5 years. In this case, ₹1 Crore will be paid out immediately to the beneficiary, and the remaining ₹1 Crore will be paid out over the next 60 months.	This option is perfect if you have any loans or other major financial liabilities that need to be repaid. The family can use the lump sum payout to clear any debts and then use the monthly payments for regular expenses.

What is a term insurance rider?

Term plan riders¹⁰ are additional covers or benefits that you can add to your term insurance policy for an additional premium to enhance or extend the coverage of the base plan for well-rounded protection against various situations and illnesses.
You can opt for a term life insurance rider¹⁰ 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 riders¹⁰, such as critical illness or terminal illness¹⁵ riders, provide financial protection upon diagnosis of the covered illness.
One of the popular term insurance riders¹⁰, the waiver of premium add-on, will waive off all future premium payments while continuing the term plan protection in case of diagnosis of covered illnesses or any other insured situation.

Some common types of term insurance riders¹⁰

The following are some common types of term insurance riders¹⁰.

Accidental death benefit rider

If the policyholder dies due to an accident, the accident death benefit rider¹⁰ provides an extra payout over the base sum assured. It enhances the financial support given to the family during an unexpected event.
Waiver of premium rider

If a serious illness or permanent disability affects your ability to earn, this rider waives all future premiums. Your term insurance plan remains active without any further payments.
Critical illness rider¹⁰

If the policyholder is diagnosed with a listed illness like cancer or a heart attack, the critical illness rider¹⁰pays a lump sum immediately. For instance, a ₹20 Lakh payout can help cover medical expenses while the main ₹1 Crore cover stays intact.
Terminal illness rider

If a person is suffering from a terminal illness, which means a medical condition that cannot be cured and is likely to lead to death within a short period, then this rider¹⁰ would be applicable. A terminal illness rider¹⁰ offers an early payout from the life cover once such a diagnosis is confirmed. This helps the individual and their family manage medical care and living costs during this critical stage without financial burden.
Income benefit rider

The income benefit rider¹⁰ offers monthly payouts to the family in addition to the lump sum death benefit. This helps ensure that dependants receive regular income after the death of the policyholder, helping the family manage day-to-day expenses.
Accidental total and permanent disability rider

A permanent disability due to an accident may limit earning ability. This rider¹⁰ pays a defined amount to support future needs and maintain financial independence.
Live better with wellness benefits

For those focused on wellness²⁴, preventive checkups, and life cover.

Why are term insurance riders important?

The following points may help you understand why term insurance riders¹⁰ are important.

Extended coverage for multiple risks

Riders provide financial support during critical illness, accidental death, or permanent disability. For example, if a policyholder is diagnosed with a covered illness like cancer or suffers a disability after an accident, the rider¹⁰ helps manage medical expenses.

Cost-effective coverage

Riders can be added by paying a slightly higher premium. Instead of purchasing a separate insurance policy, you can tailor your term plan with added protection more affordably and conveniently.

Maintain cover during disability

If a policyholder becomes disabled and cannot work, some riders¹⁰ waive future premiums or provide a payout. This helps ensure your policy remains active even when your income stops.

Support families with steady income

Some riders¹⁰ provide a monthly income in addition to the lump sum death benefit. This may help your family manage everyday expenses and stay financially stable in your absence.

Additional tax deductions

Premiums paid for specific health-related riders¹⁰ (such as critical illness) may qualify for tax⁹ deductions under Section 80D. You can also claim deductions under Section 80C for the base term insurance premium, subject to applicable conditions.

Why Critical illness rider along with term insurance is a necessity?

A critical illness rider¹⁰ is an important add-on to your term insurance plan. It gives you a lump sum amount when you are diagnosed with a serious illness like cancer, heart attack, or stroke. The payout can be used for treatment, medicines, or daily household expenses. It supports you during times when you may not be able to earn because of health issues.

Rising health risks in India

India is witnessing a steady rise in several diseases, such as heart ailments, cancer, stroke, and kidney disorders.
Heart attack cases increased by 26% between 2018 and 2022. In 2022, there were 32,457 cases²²
Cancer cases increased by 7% from 2019 to 2022, reaching 14.26 Lakh in 2021, and may rise to 15.7 Lakh by 2025²³
A critical illness rider¹⁰ offers timely financial support, helping you focus on recovery without worrying about medical treatment or essential living costs.

Our top riders with term insurance plans

The top riders¹⁰ of Tata AIA term insurance plan are as follows:

Tata AIA Non-Linked Comprehensive Protection:

If you're looking for a single rider¹⁰ that covers multiple risks, the Tata AIA Non-Linked Comprehensive Protection rider10 offers life cover, illness support, and disability benefits in one. It allows flexibility in choosing how your benefits are structured.

The complete name of Tata AIA Non-Linked Comprehensive Protection Rider is Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN:110B033V04)

Tata AIA term insurance plan benefits

The Tata AIA term insurance plan has many benefits, some of which are as follows.

Affordable premiums
: Enjoy substantial coverage at affordable premium rates, allowing you to secure your family's financial future without straining your budget. E.g., a 20-year-old female can get coverage of ₹1 Crore starting at ₹501 per month¹.
Instant claim payout
: Get an instant payout of ₹3 Lakh on claim intimation¹² offering temporary financial relief, while the remaining amount will be paid at the time of disbursement.
Pay premiums later
: The option to defer premiums for up to 12 months with the Flexi Pay Benefit¹³ allows you to continue the policy in case of any momentary financial stress.
Return of premium
: Offers a return of premium option, wherein if the policyholder survives the policy term, the premiums paid are returned. The insured can get 100% of the premiums³ as a lump sum or a regular payment.
Whole life coverage
: Term plans offer coverage up to 100 years of age¹⁴, providing protection throughout your lifetime and ensuring financial security for your loved ones, even in your absence.
Terminal illness benefit
: In case of a terminal illness diagnosis, 50% of the base sum assured¹⁵ is paid in advance to help manage medical expenses and provide financial support during a challenging time.
Inbuilt waiver of premium
: In case of a terminal illness diagnosis, the remaining premium will be waived off without impacting the life cover taken at the beginning of the policy.
Life stage benefit
: Term insurance plans offer life stage-based benefits¹⁶, adjusting the coverage and benefits as per your changing life circumstances, such as marriage, childbirth/adoption or availing of home loans.
Optional riders¹⁰
: Tata AIA offers additional riders¹⁰ that cover accidental death, disability, critical illnesses and hospitalisation, which can be customised as per the user’s need.
Lower rates for women
: Tata AIA plans offer 15% lower premiums for women with a higher longevity and lower risk profile.
Earn 5% Tata NeuCoins
: Get Tata NeuCoins¹⁷ on premium payment for the 1^st year. There’s no capping on the maximum points that can be earned.
Flexible premium payment options
: Enjoy flexibility in premium payment options – monthly, quarterly, or annually, enabling you to choose a payment frequency that suits your financial situation.
Choice of payout options
: You can choose from multiple sum assured payout options, such as lump-sum payment, regular income, or a combination of both, giving your loved one financial flexibility.
Tax benefits
: Premiums paid towards term insurance plans and health riders¹⁰ are eligible for tax⁹ deductions under Section 80C and 80D, respectively, of the Income Tax Act. The death benefit paid out to your nominee or the maturity benefits under the return of premium option are exempted from tax under Section 10(10D).

Eligibility criteria for term insurance

The following is the eligibility criteria to buy a term insurance policy:

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.

What is covered and not covered in term life insurance?

The following table lists what is covered and what is not in a term life insurance plan:

What is Covered in Term Insurance	What is Not Covered in Term Insurance
Death due to natural causes such as illness, age-related complications, or medical conditions.	Death due to suicide in the first policy year is excluded under most term plans.
Death due to accident, including road, air, or other external incidents, is generally covered.	Non-disclosure of key facts, like smoking habits or existing illnesses, may result in rejection.
Terminal illness, if the rider¹⁰is chosen, which allows early payout of the benefit before death.
Critical illness rider¹⁰pays a lump sum if diagnosed with listed illnesses like cancer or stroke.
Accidental death rider¹⁰ provides extra payout in case of death due to a covered accident.

Common mistakes to avoid while buying term insurance

Buying a term insurance plan is a responsible step, but many people make simple mistakes that affect its value. Avoiding these mistakes may help you choose the best term insurance plan in India for your needs.

Choosing a low cover amount:

Some people choose low coverage to reduce premium costs. However, this cover may not be enough for your family in the long term. You should select a term plan based on your lifestyle, responsibilities, and future needs.
Buying too late:

Waiting too long to buy a term life insurance plan increases the cost. Premiums rise with age, and health risks also increase. Buying early helps in securing lower premiums and may also provide full coverage.
Not checking claim settlement ratio:

Always check the insurer’s claim settlement ratio before choosing a term insurance plan. A low ratio could cause delays or difficulties when your family files a claim.
Ignoring add-ons:

Many people skip optional riders¹⁰ like critical illness or disability cover. These add-ons enhance your term plan and offer more protection during tough times.
Giving wrong information:

Some buyers hide health issues or smoking habits. Giving wrong information can result in claim rejection later. Always provide clear and correct details.
Not comparing plans:

Many buyers go with the first plan they find. It’s important to compare multiple options to choose the best term policy in India. Comparison helps find the best term plans with good coverage and a reasonable premium.

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 out 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.
Saves 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 process 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 buy term insurance?

Buying term insurance online is simple with Tata AIA. Here's how to buy a plan from Tata AIA Life Insurance:

Visit the Tata AIA Life Insurance website and find the term insurance section.
Use the term insurance calculator to estimate your premium based on the sum assured and policy term. This tool can help you pick a plan that fits your budget.
Choose a term plan and consider adding riders¹⁰ like critical illness cover or accidental death benefit. These additions provide extra protection for specific situations.
Fill out the online application with required information such as ID proof, address proof, income proof and upload your documents. Moreover, you might need to provide medical information for underwriting purposes.
Make the payment and read the policy documents carefully. It is important to understand all terms before completing your Tata AIA term insurance purchase.

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
	Letter issued by UIDAI

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

What is the claim process for term insurance?

The claim process for term insurance is as follows:

Inform the insurer
The nominee must notify the insurer immediately after the policyholder’s death.
Fill the claim form
A claim form must be completed with accurate details.
Submit required documents
Documents like the death certificate, identity proof, etc., must be submitted.
Verification by insurer
The insurer verifies all submitted documents and claim details.
Claim decision and settlement
If the provided information and documents are correct, the claim is approved, and the amount is disbursed to the nominee. Below is the regulatory mandated turnaround time for claim settlement:
● Death Claim (Without Investigation): 15 days from the date of intimation of claim.
● Death Claim (With Investigation): 45 days from the date of intimation of claim.

For further guidance, you can visit the Tata AIA Claim Settlement Ratio page.

How to avoid claim rejection?

Understanding the following points may help you avoid claim rejection.

Check policy terms

Go through the terms and conditions for claims in detail and reach out to your insurer if you have any query.

Honestly disclose all relevant information

Disclose full medical history, lifestyle habits, income, occupation, and previous insurance details to avoid hidden information.

Fill out the application and submit documents

Properly fill in the application form to avoid errors, update nominee details, address and along with contact information.

Pay premiums on time

Pay premiums on time or within the grace period. Use auto-debit to ensure you never miss a premium payment. If your policy has lapsed, revive it without delay.

Report claims without delay

Upon death, the nominee should inform the insurer immediately and submit complete, accurate documents as per policy requirements.

Documents required to process a term insurance claim

Here are the documents required to raise a term insurance claim.

Document Type	Details
Claim Form	Duly filled form by nominee or legal heir
Death Certificate	Original or certified copy from local authority
ID Proof of Nominee	Government IDs such as Aadhaar, PAN or Passport
Address Proof of Nominee	Government IDs such as Aadhaar or Passport
Bank Details	Cancelled cheque (with name and account no. printed) along with bank passbook copy or bank statement
Medical Reports	Hospital records and medical history, if applicable
FIR/Postmortem Report	Required in accidental or unnatural death cases
FATCA/CRS Self Declaration	This form needs to be submitted in case of NRIs. Details can be checked here

^{Note: Additional documents may be required on a case-to-case basis.}

How long does it take to approve a claim?

The time taken for claim approval depends on how complete and accurate the submitted documents are.

Standard approval time:
- Tata AIA provides 4 hour claim settlement⁴ for term policies with sum assured up to ₹50 Lakh, provided certain conditions are met.
- For all other cases, IRDAI regulator has set a timeline of 15 days from the date of intimation of claim. We, at Tata AIA, pay death claims within a few days of accurate document submission. The turnaround time is higher in cases where an investigation is required.
Delays may happen due to missing information:

Delays may happen due to incomplete details, unclear medical records, missing documents, or lack of proper nominee verification.
Claim with riders may take longer:

Claim with riders¹⁰ may take longer if additional checks are needed to verify the medical condition or accident details.

Is GST applicable on term insurance?

A GST is an indirect tax charged on term insurance premiums. Individual term insurance policies were taxed at 18% until 22 September 2025. For instance, a premium of ₹10,000 incurred an additional GST of ₹1,800, making the total payable amount ₹11,800.

However, from 22 September 2025, the GST on individual term insurance premiums is 0%. This makes term plans cost-effective and encourages more people to purchase pure protection insurance. The government implemented this reform to improve financial security. Here’s an overview.

Before September 22, 2025: You were charged 18% GST on individual term insurance policies (₹10,000 premium + ₹1,800 GST).
From September 22, 2025: 0% GST on individual term insurance (₹10,000 only).
Group term insurance: Still subject to 18% GST.

Due to the new GST rate structure, term insurance sales are expected to increase, thereby advancing the vision of ‘Insurance for All by 2047’.

Consistently high claim settlement ratio of Tata AIA Life Insurance

A strong Claim settlement ratio reflects the insurer’s consistency in fulfilling claim obligations over time. Tata AIA Life Insurance has consistently maintained a high Individual Death Claim Settlement Ratio over the past four financial years:

Sr. No.	Financial Year	Individual Death Claim SettlementRatio (%)
1	FY 2024-25	99.41%
2	FY 2023-24	99.13%
3	FY 2022-23	99.01%
4	FY 2021-22	98.53%
5	FY 2020-21	98.02%

Key terms related to Term Life Insurance plans

The following are the 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 indicates the insurer’s reliability.
Add-on benefits or riders

Additional coverages, such as critical illness or accidental death riders¹⁰, 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 is 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.

Key takeaways for term insurance policy

Affordable protection:

Term insurance offers high coverage at low premiums, ensuring financial security for your loved ones.
Lifestage-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.
Shield long-term 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 riders¹⁰, such as critical illness riders, ensuring enhanced protection.

Customer reviews of our Term Insurance plans

Simran Yadav

Tata AIA

Param Raksha Pro

I know my family will get immediate help when they need it most. The instant payout process was explained well.

Nilesh Sharma

Tata AIA

Maha Raksha Supreme

I wanted a policy I could trust & Maha Raksha Supreme fit the bill perfectly. Mr Kamat helped me understand how it would protect my family for years

Jatin Zala

Tata AIA

Sampoorna Raksha

My experience was excellent. The seamless purchase process, easy plan comparison, and responsive customer support made decision-making effortless

Kanchan Sharma

Tata AIA

Sampoorna Raksha

Offers flexibility with payments. I was able to defer my premium without losing coverage. My advisor made sure I knew all my options.

Watch Video

Amin

Tata AIA

Multiple Policies2 May 2025

Mr. Amin shows how smart planning and savings led him to invest in 9 Tata AIA policies—each one a step toward lifelong security.

Watch Video

Sunita Mandal

Tata AIA

Maha Raksha Supreme Select15 May 2025

For Mrs. Sunita Mandal, life insurance was a step toward long-term security. Her story shows how tomorrow’s peace begins with a trusted choice today.

Jeetendra Dhiman

Tata AIA

Sampoorna Raksha

Provides financial protection to my dependent family members.

Pooja Haria

Tata AIA

Param Raksha

Best product, an all-in-one plan. I was looking for a long-term solution, and this plan explained how my family would be protected for years to come.

Vivek Upadhyay

Tata AIA

Param Raksha 2.0

I was looking for a long-term solution, and Param Raksha 2.0 provided exactly that. Vrushali Sali explained how my family would be protected for years to come.

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Quick Facts
Policy
Cover
Premium
Claim

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. 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 that suffices 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, 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 benefits⁹under Section 80C of the Income Tax Act. Term insurance premiums paid towards the policy are eligible for tax⁹ 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 at an affordable 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, you will receive 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, but with less flexibility for the sum assured, the policy period, or premium payments. In contrast, term insurance offers a large sum assured for affordable premiums, along with flexibility.

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 rider¹⁰ 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.

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

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

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 riders¹⁰ 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 the 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, by providing very comprehensive protection. By choosing the riders¹⁰ wisely, you can enhance the policy coverage without unnecessarily increasing the policy cost.

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 riders¹⁰ 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?

A claim settlement ratio helps you determine if insurance providers can settle your claims on time. A high term plan claim settlement ratio indicates that a company has settled the most claims. Tata AIA Life Insurance has an individual death Claim Settlement Ratio²³ of 99.41% for FY 2024-25

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:

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:110N176V09)
Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V13)
Tata AIA Health Buddy Plan – Non-Participating, Non-Linked Individual Health Product (UIN: 110N183V01)
¹As per the duly approved product design and terms & conditions of the product, illustrated premium of ₹501 is the monthly premium for a 20 yr. old female, Standard Life, Non-Smoker for ₹1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option of Tata AIA Sampoorna Raksha Promise with first year premium discount of 10% for digital purchase and 8.5% for salaried person. Please refer Benefit Illustration for more details.
²As per the duly approved product design and terms & conditions of the product, this includes first year digital discount of 10% for Limited Pay/Regular Pay and 8.5% salaried discount. For Single Pay, 1% discount will be available for online purchase and salaried discount each.
³Under Life Promise Plus Option, an amount equal to the 100% of the Total Premiums Paid (excluding loading for modal premiums) shall be payable at the end of the Policy Term, provided the life assured survives till maturity and the policy is not terminated earlier.
⁴Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of ₹50 Lakh. Applicable for branch walk in. Time limit to submit claim to Tata AIA Life Insurance is 2 pm on working days. Subject to submission of complete documents. Not applicable for ULIP policies and open title claims.
⁵Illustrated Premium of ₹346 is the monthly premium for 20 yr. old female, Standard Life, Non-Smoker for ₹50 Lakh Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option of Tata AIA Sampoorna Raksha Promise with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details.
⁶Illustrated Premium of ₹804 is the monthly premium 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 of Tata AIA Sampoorna Raksha Promise with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details.
⁷Illustrated Premium of ₹1817 is the monthly premium for 20 yr. old female, Standard Life, Non-Smoker for ₹5 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option of Tata AIA Sampoorna Raksha Promise with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details.
⁸Illustrated Premium of ₹679 is the monthly premium for 20 yr. old female, Standard Life, Non-Smoker for 2 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) with Life Secure plan option of Tata AIA Maha Raksha Supreme Select with first year premium discount for digital purchase and salaried person.
⁹Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
No Goods and Service Tax shall be applicable on Individual life insurance products as per prevailing laws. Tax laws are subject to amendments from time to time. If any imposition (tax or otherwise) is levied by any statutory or administrative body under the Policy, Tata AIA Life Insurance Company Limited reserves the right to claim the same from the Policyholder.
¹⁰Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/ branch.
¹¹Illustrated premiums of ₹589, ₹759 and ₹1,288 are the monthly premiums for a Male, Standard Life, Non-Smoker for ₹1 Cr. Sum Assured with Policy Term of 20 yrs (Regular Pay) of age 20, 30 and 40 years respectively under Life Promise Option of Tata AIA Sampoorna Raksha Promise with first year premium discount of 10% for digital purchase and 8.5% for salaried person. Please refer Benefit Illustration for more details.
Premium is subject to applicable taxes, cesses & levies which will be entirely borne/paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.
¹²With this feature, instant death benefit of ₹3 Lakh from the Sum Assured will be paid within 1 working day from the claim registration date. This feature is applicable only after a waiting period of 3 policy years from the policy inception or revival of the policy and provided the policy is in force. The remaining sum assured shall be payable post the completion of the claim investigation. Further, in case of any discrepancy in the claim investigation resulting in the final decision of non-payment of the claim, the company reserves the right to recover the already paid amount. The acceleration of instant claim should not be construed/interpreted as acceptance of the claim. Applicable only for policies with minimum Sum Assured of ₹1 Cr.
¹³With FlexiPay Benefit, policyholder is allowed to defer the due premium for a period of 12 months while maintaining the full risk cover under the base plan and attached riders. At the end of Premium Deferment period, the policyholder is required to pay the due premiums, including the premium applicable for the period of Premium Deferment, i.e. the base cover premium and additional premium (if any). This benefit shall be available for multiple times with a gap of 5 policy years from the expiry date of previous Premium Deferment. The option can be exercised only after payment of 5 full years premium. No interest shall be levied on the premium due during the Premium Deferment period. If the premiums due are not paid within the grace period after expiry of the Premium Deferment, the Policy (including Rider(s), if any) shall lapse and no benefits shall be payable in the Policy or the Rider(s), if any) and company shall be entitled to recover the same from any amounts or This benefit payable under the Policy or Rider(s).
¹⁴Not applicable under PoS, please refer sales brochure for more information
¹⁵Inbuilt Payout Accelerator Benefit pays out 50% of Effective Sum Assured opted in case of a Terminal Illness diagnosis
¹⁶Applicable for specific plan options. Please refer brochure for additional details.
¹⁷Earn flat 5% Tata NeuCoins on insurance premium payment for Limited/Regular Pay policies, applicable for the 1st year. For Single Pay policies, 0.5% of premium can be earned as NeuCoins. There’s no capping on the maximum amount that can be earned. Benefits will reflect in your Tata Neu wallet 30 days after policy issuance. These points can be used to shop on Tata Neu across various categories like fashion, electronics and groceries.
¹⁹89,43,554 families protected till 31^st May 2025.
²⁰Retail Sum Assured for FY24-25 is ₹7,90,982 Crore. https://irdai.gov.in/document-detail?documentId=6552249
²¹Illustrated 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 Plus Option of Tata AIA Sampoorna Raksha Promise with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. 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.
²²Source: https://www.news18.com/india/numberspeak-heart-attack-deaths-40-up-in-under-30-post-covid-maha-kerala-account-for-50-casualties-8711756.html, https://data.opencity.in/dataset/6af5e9d7-9de5-4689-9fe3-3418790bb0d5/resource/493c904b-d83b-48bc-bf55-678594ffffff/download/1701611156012adsi2022publication2022.pdf
²³Source: https://www.newindianexpress.com/nation/2023/Dec/12/cancer-cases-in-india-to-increase-from-1461-lakhs-to-157-lakhs-by-2025-centre-2640910.html#:~:text=Quoting%20the%20Indian%20Council%20of,crore%20poor%20and%20needy%20beneficiaries
²³Individual Death Claim Settlement Ratio is 99.41% for FY 2024-25 as per latest annual audited figure.
²⁴Health Buddy is part of the wellness offerings of TATA AIA Health Buddy. It is the customer’s sole discretion to avail the services. All medical-related services will be directly provided by the Service Providers and not by Tata AIA Life Insurance. These services shall be subject to the availability of the Service Provider. Tata AIA Life Insurance shall not be liable for any liability arising due to customer opting to avail this feature from the Service Providers. For more details on the benefits covered, please refer to the website, contact our Insurance Advisor/Intermediary, or visit our nearest Branch Office.
Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN:110B033V04 or later), are available under this plan.
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/Dec/4363