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Compare Term Insurance
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Select Tata AIA Plans below to compare
Choose any two term insurance plans below and compare them to pick the plan of your choice!
| Inbuilt riders (add-on benefit) |
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| Entry Age (years) |
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| Max |
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| Maturity Age (years) |
Min |
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| Max |
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| Pay premium for (Premium Payment Term in years) |
Min |
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| Max |
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| Stay covered for (Policy Term in years) |
Min |
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| Max |
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| Life cover (Base Sum Assured in Rs) |
Min |
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| Max |
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| Premium payment mode |
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| Death benefit |
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| Option to cover till age of 100 |
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| Return of premium |
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| Option to increase life cover |
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| Terminal illness cover |
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| Health benefit |
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| Income benefit |
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| Tax benefit up to Rs. 46,800# |
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| Wellness program## |
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| Upfront premium discount |
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| Renewal premium discount |
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| Other benefits |
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Abbreviations: SA - Sum Assured, TB - Term Booster, AD - Accidental Death, ATPD - Accidental Total & Permanent Disability Benefit, CCP - CritiCare Plus
InstaProtect Solution comprises of Tata AIA Life Insurance Sampoorna Raksha Supreme (UIN: 110N160V03), Tata AIA Vitality Protect (UIN: 110B046V01) & Tata AIA Vitality Health (UIN: 110B045V01).
Tata AIA SRS Vitality Protect is a term solution which includes Tata AIA Life Insurance Sampoorna Raksha Supreme, a non-linked, non-participating, individual life insurance plan (UIN: 110N160V03) and Tata AIA Vitality Protect, a non-linked, non-participating, individual health rider (UIN: 110B046V01).
Why is Term Insurance Important?
Whether you are the sole earning member of your family or provide financial support for your loved ones in any way, you can consider having a term insurance plan. This is because the sum assured of the term plan will offer financial support to your family in the event of your untimely demise.
When purchasing a term policy, always consider the needs of all your family members. This can ensure that all their future goals, as well as any financial liabilities, can be taken care of.
A term insurance plan coverage can be extensive enough to cater to all major as well as minor financial needs in your absence. Hence, when availing of the term plan, be sure to select adequate life insurance coverage.
Features of a Term Insurance
Term insurance plans, though quite similar, can be selected on the basis of certain important features. These are some of the features which you may want to consider when comparing different term plans:
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![Compare Term Plans to Find Budget-Friendly Coverage]( "Compare Term Plans to Find Budget-Friendly Coverage")
Affordable Premiums
Term plans have low and affordable premiums. This can enable you to pay your premiums regularly without feeling the burden of expensive premiums.
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![Compare Term Insurance Plans to Find Higher Coverage]( "Compare Term Insurance Plans to Find Higher Coverage")
Higher Coverage
The life insurance coverage offered by a term plan is extensive, even with low premiums that can help your family meet all their financial commitments.
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![Compare Term Insurance Plans to Find the One that Suits You Best]( "Compare Term Insurance Plans to Find the One that Suits You Best")
Choice of Policy Term
The policy term or the period of life insurance coverage can be chosen as per your family’s insurance needs and your preference.
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![Compare Term Insurance Plans to find Flexible Premium Payment Options]( "Compare Term Insurance Plans to find Flexible Premium Payment Options")
Choice of Premium Pay Options
You can pay your premiums in one instalment when buying the policy. Or, you can pay them regularly throughout the policy term or even for fewer years.
Term Insurance FAQs
Should I compare term plans offline or online?
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.
Can I buy my term plan online?
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.
How to choose the sum assured of a term plan?
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.
Will I be able to buy multiple term plans?
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.
When should I renew my term insurance plan?
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.
Do online term plans have multiple premium payment options?
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.
What aspects should I consider while buying a term plan?
- 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.
Disclaimers
- The full name of Tata AIA Sampoorna Raksha Supreme is Tata AIA Life Insurance Sampoorna Raksha Supreme (UIN:110N160V03) - A Non-Linked Non-Participating Individual Life Insurance Plan
- InstaProtect Solution comprises Tata AIA Life Insurance Sampoorna Raksha Supreme (Non-Linked, Non-Participating, Individual Life Insurance Plan) (UIN: 110N160V03) - Life Option (in case Return of Premium is No) or Life Plus Option (in case of Return of Premium is Yes), Tata AIA Vitality Protect (UIN: 110B046V01) - A Non-linked, Non-participating, Individual Health Rider; Tata AIA Vitality Health (UIN: 110B045V01) - A Non-linked, Non-participating, Individual Health Rider.
- Tata AIA SRS Vitality Protect is a term solution which includes Tata AIA Life Insurance Sampoorna Raksha Supreme, a non-linked, non-participating, individual life insurance plan (UIN: 110N160V03) and Tata AIA Vitality Protect, a non-linked, non-participating, individual health rider (UIN: 110B046V01). Tata AIA Life Insurance Sampoorna Raksha Supreme is also available individually for sale.
- *Individual Death Claim Settlement Ratio is 99.01% for FY 2022 - 23 as per the latest annual audited figures.
- ^Income Rate is a fixed rate of the Base Sum Assured which is used to determine the quantum of regular income payable to the policyholder, if applicable. The rate can be any percentage between 0.01% to 0.15%, in increments of 0.01%, and this needs to be to be selected by the policyholder at the time of purchase of the policy. Once selected, it can’t be changed.
- #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.
- ~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.
- %The package Sum Assured is the maximum total coverage under the respective packages and is the sum addition of the individual risks Sum Assureds payable on occurrence of various insured events. Payouts will be restricted to applicable bene¬fit mentioned against the corresponding risk as per the product or rider terms and conditions. Other Sum Assureds also available under the base product with or without rider.
- ^^Wellness Discount is available with Vitality riders as follows:
|
Vitality Health (HospiCare) |
Vitality Protect (Term Booster, CritiCare Plus) |
Vitality Protect (Accidental Death, Accidental Total & Permanent Disability) |
Upfront discount on first year Rider premium |
10% |
10% |
5% |
Discount on renewal premium |
Up to 30% based on wellness status |
Up to 15% based on wellness status |
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- ##Tata AIA Vitality - A Wellness Program that offers you an upfront discount at policy inception. You can also earn premium discount / cover booster (as applicable) for subsequent years on policy anniversary basis your Vitality Status (tracked on Vitality app) (2) Please refer rider brochures for additional details on health and wellness benefits.
- Vitality is a trademark licensed to Tata AIA Life by Amplify Health Assets PTE. Limited, a joint venture between Vitality Group International, INC. and AIA Company Limited. The assessment under the wellness program (Tata AIA Vitality) shall not be considered as a medical advice or a substitute to a consultation/treatment by a professional medical practitioner.
- @Rider is not mandatory and is available for a nominal extra cost, as applicable. For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/ branch.
- 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 products are underwritten by Tata AIA Life Insurance Company Ltd.
- The plans are not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance
- L&C/Advt/2023/Jul/2411
