You can compare term plans online if you want to simultaneously compare two or more policies. This will help you save a lot of time and the hassle of comparing different features and benefits of multiple policies.

Yes, once you choose the term plan of your choice, you can complete the purchase online. We offer multiple digital payment channels to ensure smooth and secure premium payment and checkout.

The sum assured or the total policy coverage will depend on your family’s future needs. If they have any major commitments in the future, the sum assured should be able to meet their needs. Likewise, you can also make provisions for future emergencies as well.

While you can buy multiple term plans, it is advisable to have one term plan with adequate life insurance coverage. By doing so, you can save the trouble of multiple premiums and due dates for their payments. Managing two or more term plans can also become expensive and cumbersome over time. You can evaluate if the term plan you are considering offers an option to top up/increase cover in future so that you can upgrade your life cover, if required, basis your life stage/needs.

Term plans need to be renewed if they lapse as a result of non-payment of premiums. Once the policy lapses, you cannot receive life insurance coverage. As per the terms and conditions of the policy, a lapsed plan can be renewed by paying all the due premiums with the applicable interest.

Yes, online term plans come with flexible premium payment options. You can pay your premiums as a lump sum or for a limited number of years during the policy term. You can also choose to pay them regularly each month, quarter, or year for the whole policy term.

• Company reputation
  Term plan is a long term association with the company. Hence you should choose a company that you can trust on to support you in case of any adversity in future. Tata AIA Life Insurance combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region with a combined heritage of 250 years.
• Claim Settlement Ratio
  It determines the ability of the insurer to settle your claims effectively and on time when the need arises. Higher the claim settlement ratio, better the chances of your beneficiaries receiving the claim on time. Tata AIA Life Insurance has an individual death claim settlement ratio of 99.01%* for FY 2022 – 23.
• Life cover
  Before buying a term insurance policy, it is important to determine the coverage you need to protect your family. You can use our online term insurance calculator to understand the sum assured your family should receive in your absence and ensure that it covers all their financial needs and emergencies.
• Premium amount
  You can check premium of the plans available and compare them before making a choice. However, be sure that the chosen premium gives your sufficient coverage to adequately secure your family’s future.
• Payout options
  Choose a payout option that is in sync with your family’s requirements so that the death benefit payout can be received accordingly. It may vary from lumpsum benefit to regular income for a fixed period or a combination of both. You can also choose a return of premium option to get back your premium amount on survival.
• Additional benefits
  The insurance provider would also offer a range of beneficial riders^@ that can enhance the coverage of your plan. The riders should offer benefits such as protection against critical illnesses, accidental death and disability, waiver of premium benefits, premium discounts and so on.