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Family Term Insurance

Family term insurance is a life insurance plan that provides financial protection to multiple family members under a single policy. It offers a lump sum Read more payout to the nominee if the insured passes away during the policy term, helping the family manage expenses like income replacement, children's education, and outstanding debts. A family term insurance plan typically covers the spouse, dependent children, and parents, subject to age and eligibility. It is suitable for those seeking simple, affordable life cover for the entire family. Read less

Family term insurance is a life insurance plan that provides financial Read more protection to multiple family members under a single policy. It offers a lump sum payout to the nominee if the insured passes away during the policy term, helping the family manage expenses like income replacement, children's education, and outstanding debts. A family term insurance plan typically covers the spouse, dependent children, and parents, subject to age and eligibility. It is suitable for those seeking simple, affordable life cover for the entire family. Read less

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Return of premium³ option
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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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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 Family Term Insurance?

Family term insurance is a type of life insurance plan that provides life cover to your entire family under a single policy. It offers a lump sum payout to the nominee in case of the policyholder’s unfortunate demise during the policy term, helping to secure the family’s future needs.

Key aspects of a family term insurance plan are:

Financial Protection:

A term plan for the family offers financial protection to the insured person's family.
Death Benefit:

If the insured passes away during the policy term, the family receives a lump sum payout.
Survival Benefit:

There are no survival benefits if the insured outlives the policy term, unless they have opted for a Return of Premium (ROP) benefit.
Tax Benefits:

The death benefit payout received by the family is tax-exempt under Section 10(10D) of the Income Tax Act. As a result, the entire payout amount is received by the family without any tax⁵ deductions, subject to applicable tax rules.
Fixed Policy Terms:

The sum assured amount, policy duration, and policy premium are all decided at the time of purchasing the policy. These factors cannot be changed later and will remain the same throughout the policy's duration.

Features of Family Term Insurance

Pure Protection Plan

Term insurance plans are often called pure life insurance policies. This is because they are designed to provide financial security in the form of a death benefit to the nominee or the insured's family in the event of their death during the policy term. A family term insurance plan will function the same way, where the policy nominee will get a sum assured payment if the insured family member passes away during the policy term.
Add-On Riders

Riders⁶ are additional benefits purchased separately to increase your family term plan coverage. Insurers offer different riders to customise a policy according to your family's lifestyle and requirements such as: Critical Illness cover, accidental death, disability, waiver of premium rider, and hospicare rider.
More Coverage for a Lower Premium

The premium rates of family term life insurance plans are affordable than other life insurance policies when you take into account the substantial coverage they provide.
Choose Your Policy Tenure

Insurers allow you to choose your preferred policy tenure so you can determine how long you want the policy to last. Most family term plans offer flexible policy terms between 5 - 40 years and allow you to renew or switch to whole-life coverage.
Flexible Premium Payments

Like policy tenures, you can choose from various premium payment modes. For example, at Tata AIA, we offer Single/Annual/ Half-yearly/ Quarterly/ Monthly premium payment modes under most of our life insurance policies.
Risk Management

Term plans for families offer a large sum assured as a death benefit. So, they’re helpful to settle liabilities like debt or loans, so your family does not have the responsibility of paying them in your absence.

Popular Tata AIA Term Insurance Plans

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:110N176V07)

Tata AIA

Maha Raksha Supreme Select

Key benefits:

Get ₹2 Cr life cover @692/month⁹
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:110N171V011)

What are the Benefits of Family Term Insurance?

Comprehensive Coverage in Times of Emergency

Financial emergencies like an untimely death or critical illness can exhaust your family's savings. In these cases, the suitable life insurance policy for your family would be critical illness insurance, as it can help cover these sudden expenses.

For example, a family term plan with a critical illness cover can be beneficial if your family medical history makes you prone to specific health conditions or critical illnesses. The sum assured payment from the critical illness rider could help cover treatment costs on diagnosis and allow you to get the proper medical help you need.
Can Act as Income Replacement

Family term insurance policies are pure life term plans. This means when you pass away, your family will be provided a substantial lump sum payment upfront from the insurer. This payout can compensate the loss of income for your family if you are the sole earner of your family.
Allows Increasing Coverage at Important Life Stages

Today, several family term insurance plans come with the option to increase the sum assured by a certain percentage at important life events like marriage, the birth or adoption of a child, securing a home loan, and so on.

Moreover, term plans like increasing term plans allow for the gradual increase of the sum assured amount by a certain percentage on policy purchase and are a suitable option to manage inflation and increased living costs.
Helps Maintain Your Family's Lifestyle

Generally, families are accustomed to certain lifestyles and have unique needs and living expenses that must be covered. In other words, their needs and goals are often aligned with the income earned.

However, when an earning member of a family passes away, family term insurance benefits allow the surviving members to maintain their standard of living as the sum assured amount is often substantial enough to support them.
Fulfils Your Children's Dreams

When one or both the earning members of the family pass away unexpectedly, the children are left without any income source to support their growth. Here is where a family term insurance plan can be beneficial.

The sum assured/death benefit received from the term policy can ensure that your children's education and life goals are not affected, even after your demise to provide for them. Hence, a family term plan can also be purchased bought in later stages of life to secure your child's future.
Offers Significant Tax Benefits

Family term insurance plans make you eligible for tax^# deductions of up to ₹1.5 lakhs under Section 80C for annual life insurance premium payments. You may also be eligible for deductions under Section 80D if you have opted for health insurance riders on your term plan.

Moreover, the death benefit payouts and any maturity benefits are always tax-exempt under Section 10(10D) for life insurance policies.

Types of Term Insurance Plans for a Family

Type	Key Features	Best For	Limitations
Level Term Plans	Premium and sum assured remain fixed throughout the policy term Nominee receives a lump sum payout if the insured passes away during the policy term.	Those looking for affordable, simple life cover	No survival or maturity benefits
Increasing Term Insurance	Sum assured increases by a fixed percentage or amount every year, offering better protection against inflation and rising expenses.	Families wanting protection that grows over time	Higher initial premiums and no survival or maturity benefits
Decreasing Term Insurance	The sum assured reduces every year, making it suitable for covering loans or other decreasing liabilities. Premiums are affordable and remain fixed during the policy term.	Individuals with reducing financial obligations like loans	The cover amount may not be enough for general family protection or unexpected expenses
Return of Premium (ROP) Term Insurance	Provides both a death benefit for the nominee and a refund of all premiums paid if the insured survives the policy term.	Those seeking both life cover and a savings component	Premiums are relatively higher compared to basic term plans
Convertible Term Plan	Allows you to convert it into a life insurance or endowment plan later, offering greater flexibility in different circumstances.	Individuals looking to mitigate future risks, uncertainties, or possible health issues later in life.	Premiums are slightly higher

Each type of family term plan suits different needs—level plans for affordability, ROP plans for savings, and convertible plans for long-term flexibility.

How to Choose the Best Term Insurance for Your Family?

Policy Coverage Amount

The most important factor in family term insurance policies is the coverage or sum assured amount

This is the amount your family will receive in the event of your death, so it is important to determine whether this amount will compensate for their future financial requirements.

Keep in mind that higher coverage also means higher premiums. Ensure that you strike a balance between getting adequate coverage and a premium rate that aligns with your financial constraints.

Insurer's Claim Settlement Ratio (CSR)

The CSR is the percentage of claims settled against the total number of claims received by an insurance company in a fiscal year. For reference, Tata AIA's Individual Death Claim Settlement Ratio (CSR) for FY 2024 - 2025 was 99.41%.

While it should not be the sole deciding factor as the CSR does not give you the whole picture - the higher the CSR of an insurer, the more likely it is that they will accept and settle your claim in a timely manner. Hence, buying a family term policy from an insurer with a high claim settlement ratio is recommended.

Available Riders

Always check what riders6 and add-on covers the insurer provides under the family term policy. This will give you a good idea of how much potential coverage you can receive under the policy and the policy's customisability.

Some important riders you should consider getting include waiver of premium, return of premium, hospicare, accidental death, and accidental total and permanent disability. If your family medical history suggests that you may be prone to certain health conditions, getting a critical or terminal illness cover would be beneficial.

Easy Claim Settlement Process

A term policy's primary purpose is to provide financial security in the event of an untimely death. This means the insurer must have a quick and efficient claims settlement process to ensure your family members receive their payments on time.

Always check the insurer's website for an overview of their claims procedure and if they provide paperless processes. Moreover, policy ratings and customer reviews should also be considered before buying a family term policy.

Additional Benefits

Insurers also provide additional benefits (other than riders) under their term policies, like premium holidays, special exit benefits, life stage benefits, special discounts for women, etc.

These will vary across insurers and term policies, so always check policy terms to any if you are eligible to claim any additional services, benefits, or discounts under the family term policy.

Check the Policy Terms

Going through the entire policy terms can be difficult and lengthy. However, you should not avoid it, as it may lead to issues when settling future claims.

Going through the terms and conditions will also give you a better understanding of the policy's features, base coverage, and any key exclusions that you need to check. This will also help determine whether the particular family term policy is suitable for you.

Compare Term Plans

Most online life insurers like us at Tata AIA allow you to compare different term insurance plans on their website. This is an important step as it allows you to compare policy benefits and quotes to help you make an informed decision.

You can use Tata AIA’s term insurance calculator to compare different family term plan premiums on our website to see which plans provide the best value for money.

Benefits of buying Term Insurance Plans from Tata AIA

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

99.41%

Individual Death Claim Settlement Ratio in FY 24-25

89 Lakh+

Families protected so far⁷

#1 in Retail Sum Assured

Highest retail sum assured of ₹7,90,000 Cr.+⁸

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

Exclusive benefits under Shubh Shakti for Tata AIA women customers:

Tata AIA understands the diverse needs for women. Hence, they have rolled out exclusive benefits for them with Shubh Shakti, which includes:

01

Lifetime Discounted Premium

Enjoy a 15% lower premium for women compared to male lives, offering substantial savings over time. This reduced premium is applied every year throughout the Premium Paying Term (PPT), ensuring long-term affordability and financial security.
02

Child Education Protection

Ensure your child’s higher education is financially secured. With a small addition to the premium, women can add this feature to their term insurance, which helps ensure a monthly payout towards their child’s education until age 21 or 25. This helps provide stability and financial planning for parents.
03

Premium Break in case of Pregnancy

Flexibility of taking a premium break for up to 12 months during pregnancy, providing financial relief at a crucial time. This break allows policyholders to pause their premium payments without affecting the continuity of their coverage. During this break, the premiums due for the holiday period can be paid in full along with the next scheduled premium payment, ensuring that there are no disruptions in the policy’s benefits.
04

Waiver of Premium (WOP) on Husband’s Death

If the policyholder’s spouse passes away during the premium payment term (PPT), the future premiums are waived off. This helps ensure continued coverage, which may reduce the financial burden during your difficult time. Coverage remains active, which helps ensure long-term security for the policyholder and their families.
05

Single Mothers discount

Term insurance plans offer a 1% lifetime premium discount for single mothers, which helps manage long-term coverage along with their added responsibilities. This discount helps make term insurance plans more accessible and financially affordable.
06

Health Buddy Enhance

Some term insurance plans include outpatient department (OPD) benefits. For a nominal fee, women can unlock many benefits such as OPD, additional coverage for non- hospitalization medical expenses, health check-ups and minor treatments.

Detailed benefits under Health Buddy Enhance

Under health buddy Enhance, women have the multiple benefits such as Annual health check-up, Lifestyle & Condition Management, Women Care, Wallet for Vaccinations, Medicines, Tests & Spectacles Benefit & Specialist consultations.

Annual Health Check-up

Get access to a specially curated annual comprehensive health screening that goes beyond the usual tests. This includes: Full body health check-ups to detect hidden risks early. Dental wellness checks to maintain oral hygiene. Women-specific screenings like PAP smear to detect cervical cancer risk, anaemia tests to monitor iron levels, and PCOS tests for hormonal balance, ensuring complete preventive care tailored for women.

Lifestyle & Condition Management

Structured programs to help you manage chronic conditions and lead a healthier lifestyle:

Diabetes management plans with nutrition and activity coaching.
Hypertension tracking with regular follow-ups to keep blood pressure under control.
Personalised weight management guidance, combining expert diet advice with fitness tips to achieve sustainable results.

Women Care

PCOD management programs with diet, exercise and stress control guidance. IVF counselling to help you understand fertility options and make informed choices

Wallet for Vaccinations

Stay protected against major health risks with a dedicated wallet that helps cover:

Cervical cancer vaccines (HPV) to reduce future risk.
Flu shots and hepatitis vaccines to keep your immunity strong.
Shingles vaccination, crucial especially as you age, for long-term wellness.

Medicines, Tests & Spectacles Benefit

Attractive discounts on medicines, lab tests, and spectacles.

Cashless or reimbursement options that reduce your out-of-pocket expenses on these routine health requirements.

Specialist consultations

Get priority access and easier consultations with top doctors across specialties that are important for women’s long-term health, including:

Orthopaedics (for bone & joint health), Endocrinologists (for thyroid, diabetes & hormone issues), Neurologists (for brain & nerve health), Urologists (for urinary concerns), Diabetologists and Cardiologists to comprehensively safeguard your health.

Why Family Term Insurance is Crucial for Sole Earners?

A family term insurance plan is the best form of risk mitigation for life's uncertainties. If you are the sole earner in your family, then having a family term plan can give you peace of mind, as your family members will receive a substantial payout if the unexpected were to happen. Here are some key reasons why you should consider getting family term insurance if you are the family’s primary income earner:

The insurance payout can act as a form of income replacement and can help manage expenses and living costs.

It can help your family maintain their current lifestyle without the need to change their current standard of living due to a loss of income.

The sum assured can take care of existing financial liabilities so your family does not have to pay off any unpaid debt or loans in your absence.

The death benefit/maturity payout can help manage your dependents' expenses, your children's education, and your family's healthcare needs, if any.

Most family term plans offer critical and terminal illness covers that offer their own sum assured payouts on diagnosis at different stages of the insured illness so you can cover your medical expenses.

The death benefits for term plans are always tax-free, while the maturity or survival benefits may or may not be taxable depending on your premium rates and current tax laws.

Can a Housewife Purchase Term Insurance for the Family?

Yes, anyone can buy a term insurance policy for their family as long as they meet the insurer's eligibility requirements. Hence, a housewife or any dependent family member can purchase a family term insurance policy to facilitate the smooth functioning of their family in their absence.

Here is how a family term plan can be beneficial when purchased by a dependent family member:
Security Against Uncertainty

There is no significant difference in the mortality rate between genders, and no one can predict the future. Housewives and dependents can secure their family's financial needs with a family term insurance plan in their absence.

Increased Life Cover

If the sole earner already has a comprehensive term insurance plan and cannot secure a larger amount for their family, buying a family term plan under the housewife's or dependent's name can increase their overall life coverage.
Let’s understand the family term insurance for a housewife with an example:

A husband has a term insurance policy with a sum assured of Rs. 50 lakh. However, he is unable to increase the cover due to income eligibility restrictions. In this case, his wife, who is a homemaker, can buy a family term insurance plan with a sum assured of Rs. 25 lakh. This way, the family's total life cover increases to Rs. 75 lakh, providing better financial protection.

How to Buy Family Term Insurance Online in India?

To buy a family term insurance plan online, visit the insurer’s official website, select the plan, fill in personal details, upload KYC documents, and complete payment.

Here is how you can purchase a family term insurance plan online:

Step 1:
Visit your insurer's official website and navigate to their term insurance page.
Step 2:
Select the family term plan you wish to buy.
Step 3:
Fill out the application form and enter your details like name, phone number, date of birth, gender and any other details.
Step 4:
Upload any necessary KYC documents and other required documents before submitting your application.
Step 5:
An insurance agent will contact you to further discuss the details of your chosen family term plan and to guide you through the rest of the buying process.

Frequently Asked Questions (FAQs) About Family Term Insurance

What is the difference between individual and family term insurance?

The key difference between individual and family term insurance lies in the following aspect:

Aspect	Individual Term Insurance	Family Term Insurance
Coverage	Covers one person	Covers multiple family members
Premium	Based on one person's profile	Based on all insured members
Suitable for	Self-protection	Combined family protection
Sum Assured	Fixed for the insured person	Can be individual or combined

Which is the best life insurance policy for a family?

The best life insurance policy for a family depends on your needs. Level term plans offer affordable fixed cover, return of premium plans provide life cover with savings, while convertible term plans offer flexibility to switch to other policy types later.
Who can be covered under family term insurance?
Under a family term insurance plan, the following members can typically be covered, subject to the insurer's eligibility conditions:
1. Spouse
2. Children
3. Dependent Parents
Does family term insurance cover all members?

No, not all family members are automatically covered unless they are specifically included under the policy. Some plans require separate underwriting for each member, while others may offer a joint life option for covering spouses under the same policy.
Can term insurance be purchased for an individual or a family?
Yes, term insurance can be purchased either individually or for a family under a joint or family floater plan.
- Individual term insurance covers one person, with premiums based on their risk profile.
- Family term insurance covers multiple members under one policy, offering joint coverage.
Can a husband and wife be covered under a single-term insurance policy?

Yes, many insurers offer joint life term insurance plans for spouses, providing shared coverage under one policy. This often results in premium savings and simplifies policy management for couples seeking combined financial protection.
How much coverage is required for a family of four members?

A simple rule of thumb is to have coverage worth 10–15 times your annual income. For example, if your annual income is Rs. 10 lakh, aim for Rs. 1–1.5 crore in coverage to protect your family.
What should be the sum assured required for my family?

To calculate the required sum assured, consider your family's future expenses, outstanding liabilities, and financial goals. Adding these factors helps ensure sufficient coverage to meet all needs in your absence.
How to decide the policy tenure for my family term insurance?

Step 1: Estimate your age until you have financial responsibilities.

Step 2: Consider your planned retirement age.

Step 3: Consider your children’s key milestones, like education and marriage, to determine policy duration.
Can riders be purchased for term insurance for a family?

Yes, usually family term insurance plans offer optional riders such as Critical Illness, Accidental Death, and Waiver of Premium.
What are the benefits of family term plans?
Family term plans offer comprehensive protection, including:
- Affordable premiums for multiple members
- High overall life coverage
- Tax benefits on premiums and payouts
- Simplified policy management
- Financial security for the entire family
Can I take a loan against term insurance for my family?

No, you cannot take a loan against pure term plans as they offer no cash value. However, some ROP-based or endowment-type term plans may allow loans, subject to policy terms and conditions.
Can term insurance be purchased for a senior citizen?

Yes, some insurers allow seniors up to 65–70 years to purchase term insurance. However, it often comes with limitations such as mandatory medical screening, higher premiums, and lower policy tenure.
Can a term insurance plan be revived?

Yes, a lapsed term plan can usually be revived within 2–5 years, depending on the insurer. Revival typically requires submitting documents, paying overdue premiums with late fees, and undergoing medical tests if requested by the insurer.
Is family term insurance necessary if I am the sole breadwinner?

Yes, it is highly recommended if you are the sole breadwinner. Family term insurance ensures income replacement, protects against outstanding debts, and secures your children’s education and future financial needs in your absence.
Who should buy family term insurance?
Family term insurance is best for those who are:
- Sole earners supporting their family
- Parents with dependent children
- Married couples seeking joint financial protection
- Want affordable life cover for multiple members
Can a husband and wife be covered under a single-term insurance policy?

Yes, many insurers offer joint life cover or term insurance for couples, allowing both husband and wife to be covered under a shared policy. This provides combined protection with simplified management and potential premium savings.

Disclaimer
- Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V07)
- Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V11)
- ¹Illustrated premium of ₹501 is the monthly premium excluding taxes 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.
- ²This 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.
- ⁵Income 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.
- ⁶Rider 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.
- ⁷89,43,554 families protected till 31^st May 2025.
- ⁸Retail Sum Assured for FY24-25 is ₹7,90,982 Crore.
- https://irdai.gov.in/document-detail documentId=6552249
- ⁹Illustrated Premium of ₹692 is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for 2 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) with Life Secure plan option of Tata AIA Maha Raksha Supreme Select with first year premium discount for digital purchase and salaried person.
- 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/Aug/2826

Family Term Insurance

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Get ₹1 Cr. Life Cover at ₹501/month1

Term Insurance Calculator

Term Insurance Calculator

Here's your customized plan

Vishal Kapoor

Girish J Kalra

What is Family Term Insurance?

Key aspects of a family term insurance plan are:

Financial Protection:

Death Benefit:

Survival Benefit:

Tax Benefits:

Fixed Policy Terms:

Features of Family Term Insurance

Pure Protection Plan

Add-On Riders

More Coverage for a Lower Premium

Choose Your Policy Tenure

Flexible Premium Payments

Risk Management

Popular Tata AIA Term Insurance Plans

Sampoorna Raksha Promise

Maha Raksha Supreme Select

What are the Benefits of Family Term Insurance?

Comprehensive Coverage in Times of Emergency

Can Act as Income Replacement

Allows Increasing Coverage at Important Life Stages

Helps Maintain Your Family's Lifestyle

Fulfils Your Children's Dreams

Offers Significant Tax Benefits

Types of Term Insurance Plans for a Family

How to Choose the Best Term Insurance for Your Family?

Policy Coverage Amount

Insurer's Claim Settlement Ratio (CSR)

Available Riders

Easy Claim Settlement Process

Additional Benefits

Check the Policy Terms

Compare Term Plans

Benefits of buying Term Insurance Plans from Tata AIA

99.41%

89 Lakh+

#1 in Retail Sum Assured

4 Hour

600+ Branches

Pay as per your convenience

Exclusive benefits under Shubh Shakti for Tata AIA women customers:

Lifetime Discounted Premium

Child Education Protection

Premium Break in case of Pregnancy

Waiver of Premium (WOP) on Husband’s Death

Single Mothers discount

Health Buddy Enhance

Detailed benefits under Health Buddy Enhance

Annual Health Check-up

Lifestyle & Condition Management

Women Care

Wallet for Vaccinations

Medicines, Tests & Spectacles Benefit

Specialist consultations

Why Family Term Insurance is Crucial for Sole Earners?

Can a Housewife Purchase Term Insurance for the Family?

How to Buy Family Term Insurance Online in India?

Step 1:

Step 2:

Step 3:

Step 4:

Step 5:

Frequently Asked Questions (FAQs) About Family Term Insurance

Get ₹1 Cr. Life Cover
at ₹501/month¹