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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.

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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..

How To Choose the Right Term Insurance Plan?

Term insurance is a life insurance plan that offers financial support if the insured person passes away during the selected policy term. Choosing the right term insurance plan in India requires careful comparison of coverage, policy features, claim settlement history, and premium affordability. It is equally important to assess your financial responsibilities, future family needs, and repayment obligations before selecting a suitable policy. A well-chosen term insurance plan can support your family’s financial stability and assist with long-term responsibilities during uncertain situations.

What Is a Term Insurance Plan?
How do Term Plans Work?
How To Choose the Right Term Insurance Plan? - A Step-By-Step Guide
What Steps Should You Take When Choosing the Right Term Insurance Plan?

Tips For Choosing the Right Term Insurance Plan
Term Insurance Terminologies - A Quick Glance
Frequently Asked Questions (FAQs)

What Is A Term Insurance Plan?

A term insurance plan is a life insurance product that offers you pure risk protection against life's uncertainties. Under this plan, the policy nominee gets a death benefit payout of the sum assured amount if the policyholder dies during the policy's term.

For example, if a parent is insured under a 10-year term plan and names their child a policy nominee. It means the insurance company will pay the child a death benefit if their insured parent passes away during the 10 years the policy was in effect/active.

Lastly, basic term insurance plans do not provide any survival/maturity benefits, so if the parent survives the 10-year policy term, they will not get any cash payouts of the sum assured amount. The policy coverage will simply cease when the term plan ends unless they have opted for a term plan with a Return of Premium (ROP) feature, providing them with a maturity benefit - a return payment of all premiums paid during the policy’s term.

Popular Tata AIA Term Insurance Plans

Combination composition

This advertisement is designed for combination of benefits of following individual and separate products named (1) Tata AIA Smart Sampoorna Raksha Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V02) and (2) Tata AIA Health Buddy, Non-Participating, Non-Linked, Individual Health Product (UIN: 110N183V01). These products are also available for sale individually without the combination offered/ suggested.

Tata AIA

Sampoorna Raksha Promise

Get ₹1.5 Cr. life cover @678/month¹
Up to 18.5% discount² (on 1^st year premium)
Option to get all premiums back³

Know More

Calculate Returns

Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V12)

Combination composition

Tata AIA Premier SIP is a combination of the Tata AIA Smart SIP, a non-participating, unit-linked, individual life insurance savings plan (UIN: 110L174V02), and Tata AIA Health Buddy, Non-participating, Non-Linked, Individual Health Product (UIN:110N183V01). Both Tata AIA Smart SIP and Tata AIA Health Buddy are also available for sale individually.

Tata AIA

Maha Raksha Supreme Select

Get ₹2 Cr life cover @804/month⁵
Up to 18.5% discount² (on 1st premium)
Waiver of premium if diagnosed with terminal illness⁸

Know More

Calculate Returns

Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN: 110N171V015)

How do Term Plans Work?

A term plan will provide you coverage in exchange for regular premium payments. It is essentially a contract between you and your insurance company that holds both parties accountable under the policy's terms.

Hence, term coverage will be provided as long as you (the policyholder) make your premium payments regularly and on time. The sum assured amount and premiums for a term insurance policy are decided during policy purchase and will remain the same throughout the policy's term - regardless of factors like inflation rates or your age.

The premiums will only increase when you buy a new policy (when you are older), as you will need to go through the application process again, where current age and inflation rates will be re-assessed.

How To Choose the Right Term Insurance Plan in India

Picking the right term insurance plan can be overwhelming, given the number of things you must consider. To make this easy, we have provided a table based on common scenarios you can use to point you in the right direction.

Assess your financial responsibilities

Before selecting a term insurance plan, calculate your existing loans, household expenses, children’s education costs, and future financial obligations. The chosen coverage amount should support your family’s regular financial needs and outstanding liabilities during difficult circumstances.

Select an appropriate coverage amount

The sum assured should match your income level, financial responsibilities, and long-term family requirements. Many financial experts suggest selecting coverage that equals at least ten to fifteen times your annual income for better financial support.

Check the claim settlement ratio

The claim settlement ratio indicates the percentage of claims settled by the insurer during a financial year. A higher ratio generally reflects consistent claim handling practices and can support smoother claim processing for nominees.

Review the solvency ratio

The solvency ratio measures the insurer’s financial capacity to settle future claims and policy obligations. According to IRDAI guidelines, life insurers should maintain a minimum solvency ratio of 1.5 for financial stability purposes.

Choose the correct policy term

The policy term should continue until your major financial responsibilities are likely to reduce significantly. Many individuals prefer coverage that lasts until retirement age or until important family responsibilities are completed.

Compare premium affordability

Premium affordability plays an important role while selecting a suitable term insurance plan in India. Compare premium amounts across policies carefully while ensuring the coverage and essential policy benefits remain appropriate for your needs.

Consider your current lifestyle

Your occupation, travel habits, hobbies, and medical condition can influence the type of coverage required. Individuals involved in hazardous occupations or activities may require additional coverage or specific policy riders7 for better financial protection.

Analyse your income and future obligations

Income assessment assists in determining whether the selected premium remains manageable throughout the policy duration. Consider future financial responsibilities, lifestyle expenses, dependent family members, and loan repayments while deciding the coverage amount.

Look for critical illness coverage

Critical illnesses may increase financial pressure due to treatment expenses and temporary income interruptions. A critical illness rider7 can provide a lump sum payout after diagnosis of covered illnesses mentioned under policy terms.

Review available rider benefits

Additional riders⁷ can increase policy protection according to your financial concerns and family responsibilities. Common riders7 include accidental death benefit, waiver of premium benefit, terminal illness benefit, and monthly income payout options.

Check policy flexibility features

Some term insurance plans offer options to increase coverage during major life stages such as marriage or parenthood. Flexible payout structures and increasing income benefits may also support changing family financial responsibilities during different life phases.

Compare online and offline plans

Online term insurance plans may offer lower premiums because administrative and distribution costs are comparatively reduced. However, policy features, exclusions, waiting periods, and rider ^ conditions should always be reviewed carefully before purchase.

Understand exclusions and waiting periods

Every term insurance policy contains exclusions, conditions, and waiting periods that policyholders must understand properly before purchase. Reading policy documents carefully can reduce confusion during claim settlement and future policy servicing requirements.

What Steps Should You Take When Choosing the Right Term Insurance Plan?

To help you make an informed decision, here are some important steps you need to take to choose the best term life insurance plan:

Get the Right Coverage (Sum Assured)
Determine How Long You Will Need Coverage (Policy Tenure)
Look into Add-On Riders⁷ if Required
Compare Term Plans and Insurers
Check the Insurance Company's Claim Settlement Ratio (CSR) and Financial Health

Let us take a closer look at how you can put these steps into practice:

Get the Right Coverage (Sum Assured)
This is the most crucial step when buying the right term insurance plan. The sum assured is your death benefit. So, choosing the right amount when buying your policy is pivotal, as it cannot be changed once fixed unless you choose to upgrade your policy or buy another one.

Here are some factors you should consider when calculating how much sum assured you will need:
- Assess your degree of contribution to your family's overall annual income; if you are the sole earner, this will be your annual income.
- Account for existing liabilities like debt/loans.
- Consider any big-ticket purchases like a house, car, or education expenses that must be paid in the near future.
- Factor in your current investments and existing assets.
- Calculate your day-to-day household expenses and your average monthly/annual expenses or budget.
If you are still unsure of how much coverage your family may need, you can opt to get an increasing term plan, as these types of term insurance plans account for changing factors like inflation rates.
Determine How Long You Will Need Coverage (Policy Tenure)
Once you know how much money your family requires to maintain their current standard of living, you need to figure out how long you want the term coverage to last.
- If you are a younger individual with a growing family, opting for a term plan that offers long-term coverage is beneficial. Some plans like Tata AIA's Sampoorna Raksha Supreme can even offer coverage up to 100 years of age^@.
- If you are older (over 45 years), you can choose your policy tenure based on future financial obligations that are yet to be completed. This can be anything from paying off a home loan to accounting for educational costs if you have young children.
Look Into Add-On Riders if Required
In case you wish to extend the base sum assured under your term plan, add-on riders^ can be beneficial. Some common riders most policyholders opt for are:
- Additional Cover for Death Due to Accident: For death due to an accident, your policy nominee would get an additional sum assured from this add-on on top of the death benefit under the base policy.
- Critical Illness Rider: You will get a lump sum payment upon the initial diagnosis of your illness, and how much you are paid will depend on what stage of the illness you are diagnosed at.
- Waiver of Premium: This rider waives the need to pay a policy premium in the case of physical impairments or a critical illness that can negatively affect a person's financial health.
- Return of Premium: This add-on offers a return payment of all premiums paid during the policy term on policy maturity, or this payment is offered to the nominee with the death benefit on the insured's passing.
Compare Term Plans and Insurers

To pick the best term insurance plan, you must compare different term plans and their offered quotes. This can be done on aggregator sites if you are comparing plans from different online life insurers or on the insurer's website for terms plans offered by the same company.

Comparing plans gives you a better idea of policy benefits, term plan prices, policy exclusions, available add-on riders⁷, and any discounts you are potentially eligible for. Also, consider looking into value-added services different insurers offer.

These can be discounts, paperless claims processes, online payment options, network hospitals, etc. These will allow you to capitalize on your base plan's benefits.
Check the Insurance Company's Claim Settlement Ratio and Financial Health

Besides comparing plans and services, the insurer's ability to settle claims and pay the death benefit is just as if not more important.

Always check the insurance company's claims settlement ratio (CSR) and solvency ratio, as these two factors are good indicators of your insurer's ability to pay the claim amount.

The Claim Settlement Ratio (CSR) is the percentage of claims settled by the insurance company against the total number of claims they have received in a financial year, while the solvency ratio indicates the company's ability to pay their outstanding amount, i.e., claim amounts or death benefits.

Tips For Choosing the Right Term Insurance Plan

01.

Choose insurers that offer flexible premium payment terms and payment modes to ensure that you can make your premium payments on time when you have the means to do so.

01.

Choose insurers that offer flexible premium payment terms and payment modes to ensure that you can make your premium payments on time when you have the means to do so.
02.

Since add-ons riders⁷ require an extra premium payment, only opt for them if you think they are absolutely necessary, and you need that additional coverage.

02.

Since add-ons riders⁷ require an extra premium payment, only opt for them if you think they are absolutely necessary, and you need that additional coverage.
03.

Younger individuals are offered lower premium rates. Hence, getting term insurance in your younger years with long-term coverage can be beneficial since premiums stay the same throughout the policy term.

03.

Younger individuals are offered lower premium rates. Hence, getting term insurance in your younger years with long-term coverage can be beneficial since premiums stay the same throughout the policy term.
04.

As a general rule, your minimum sum assured amount should be at least 15 - 20 times your annual income.

04.

As a general rule, your minimum sum assured amount should be at least 15 - 20 times your annual income.
05.

Most policies mature at age 65 and can have tenures between 5 - 40 years. Therefore, you must understand how soon your children will be independent, how long you plan to work, etc.

05.

Most policies mature at age 65 and can have tenures between 5 - 40 years. Therefore, you must understand how soon your children will be independent, how long you plan to work, etc.
06.

Check the insurer's claim settlement process and CSR. An easy and quick claims process ensures your nominee gets their death benefit on time.

06.

Check the insurer's claim settlement process and CSR. An easy and quick claims process ensures your nominee gets their death benefit on time.
07.

Opting for online or E-term plans is recommended as they are cheaper. Online insurers like Tata AIA have also streamlined their insurance processes, like policy purchases, premium payments, and claims, to ensure hassle-free interactions.

07.

Opting for online or E-term plans is recommended as they are cheaper. Online insurers like Tata AIA have also streamlined their insurance processes, like policy purchases, premium payments, and claims, to ensure hassle-free interactions.
08.

Do not confuse term insurance with your investments. Term plans are different from endowment and unit-linked policies (ULIPs). Term insurance has no cash value, and you will not get your premiums back unless you choose Return of Premium plans. Its primary function is to offer protection.

08.

Do not confuse term insurance with your investments. Term plans are different from endowment and unit-linked policies (ULIPs). Term insurance has no cash value, and you will not get your premiums back unless you choose Return of Premium plans. Its primary function is to offer protection.
09.

Make your term plan tax efficient by opting for applicable tax⁶deductions under Section 80C. Under the Income Tax Act, life insurance policies are eligible for annual deductions up to ₹1.5 lakhs on premium payments.

09.

Make your term plan tax efficient by opting for applicable tax⁶deductions under Section 80C. Under the Income Tax Act, life insurance policies are eligible for annual deductions up to ₹1.5 lakhs on premium payments.
10.

Review your insurance coverage regularly, once every three to four years. This is to check if you need to increase or decrease coverage if there is a significant change in lifestyle or financial goals/obligations.

10.

Review your insurance coverage regularly, once every three to four years. This is to check if you need to increase or decrease coverage if there is a significant change in lifestyle or financial goals/obligations.
11.

Check policy exclusions and grace periods. Most policies do not cover suicides for the first 12 months after the policy commences. Term plans also have a grace period of 30 days, within which you need to pay your premiums.

11.

Check policy exclusions and grace periods. Most policies do not cover suicides for the first 12 months after the policy commences. Term plans also have a grace period of 30 days, within which you need to pay your premiums.

Why Choose Tata AIA Life Insurance Term Plans?

The Tata AIA Assurance

99.45% Individual Death Claim Settlement Ratio¹⁰

4 Hours

Express Claim Settlement⁴

98 Lakh+

Families protected so far⁹

1.4 Lakh Crore+

Assets Under Management¹¹

⁴T&C apply

Term Insurance Terminologies - A Quick Glance

Insurance Provider/Insurer

This is the insurance company you have purchased the term insurance policy from. For example, Tata AIA can be referred to as your insurance provider if you have purchased a plan from us.
Policyholder/Insured

This is the person whose name the policy is purchased under. For example, if you buy a term plan from Tata AIA under your name, you are the term plan's policyholder.
Nominee/Beneficiary

The person you declare in your policy that will get any promised proceeds or payments in the event of your untimely death.
Death Benefit

This is the sum assured amount paid to the policy nominee when the insured dies when the term insurance policy is in effect.
Sum Assured

This is the coverage amount that is an assured payment when the insured passes away during the policy term.
Premium

This is a payment made to the insurance company in exchange for the coverage provided under a term plan. These payments can be made yearly, monthly or as a lump sum on policy purchase.
Maturity/Survival Benefit

This is a payment made to you from the insurance company if you survive your life insurance policy. Generally, basic term insurance plans do not have any survival/maturity benefits, unless it is a term plan with an ROP feature.
Policy Term

This is the length of time your term insurance plan is supposed to provide coverage. Most term plans offer tenures of 5 to 40 years.
Grace Period

This is a cool-down period during which your policy premium must be paid. Failing to do so will result in your policy lapsing.
Revival

This is the time within which you can "re-activate" your term policy if it has lapsed, due to your premiums not being paid. Most term plans have a 2-year revival period.
Renewal

This process allows one to claim coverage under the same term insurance plan upon maturity.
Policy Anniversary

This is the same date falling each year from the date of commencement of your policy till the date of maturity. For example, if your term plan commences on May 1st, 2023, its anniversary will be May 1st, 2024, the next year, and the year after until the policy expires.
Base Policy

This is your original term policy without the inclusion of add-on riders or additional top-up plans or covers.
Add-on Riders

These are additional plans that can be added to your base policy to increase its original coverage. Some riders^ will have their own sum assured amount that will be paid to the insured or the nominee based on what events or illnesses they cover.
Life Stage Benefit

This is a unique feature added to life insurance plans that increase your sum assured amount at crucial stages of your life. For example, a term plan with this feature can have its sum assured amount increased^~ upon the birth of your first child.

How to Choose Term Insurance: Checklist for Choosing the Right Term Insurance Policy?

Here is a complete checklist for choosing the right Term Insurance policy

Coverage amount

The coverage amount should support pending liabilities, future educational expenses, household costs, and long-term family lifestyle requirements. Adequate coverage selection can reduce financial pressure on dependants during uncertain situations.

Policy term

The policy term should continue until your significant financial obligations and dependant responsibilities are likely to reduce substantially. Choosing an appropriate duration supports long-term financial protection for family members.

Premium affordability

Premium affordability should match your monthly income, financial commitments, and regular household expenses without creating financial strain. Comparing premium structures across policies can support better financial planning decisions.

Riders and add-on benefits

Riders⁷ such as critical illness cover, accidental death benefit, and waiver of premium can increase financial protection. These optional benefits may support policyholders during medical emergencies or accidental situations covered under policy conditions.

Claim settlement ratio

A claim settlement ratio above 95% is generally considered favourable while comparing life insurance providers in India. It reflects the insurer’s consistency in settling eligible claims during a financial year.

Policy features

Policy features such as increasing coverage options, flexible payout choices, and return of premium benefits should be reviewed carefully. These features may support changing financial responsibilities during different stages of life.

Online policy availability

Online term insurance plans may provide comparatively lower premium costs due to reduced operational expenses for insurers. Policy documents, exclusions, rider⁷ conditions, and claim procedures should still be reviewed carefully before policy selection.

Conclusion

Choosing the right term insurance plan in India requires careful evaluation of coverage needs, financial responsibilities, policy duration, and insurer credibility. Comparing policy features, rider7 options, premium affordability, and claim settlement records can support informed decision-making. It is equally important to read policy conditions, exclusions, and payout structures carefully before purchase. A suitable term insurance policy can support your family’s financial stability and assist with future obligations during uncertain situations.

Frequently Asked Questions (FAQs)

What should be the duration of my term insurance plan?

This will depend on how long you need coverage and your financial obligations. For example, do you have any loans that must be paid off? Or children that are yet to finish their schooling?

Factors like these must be considered when you decide your policy tenure. If you are younger and have many financial obligations and goals yet to be fulfilled, opting for a long-term plan can be beneficial.
Is purchasing a term plan worth it?

Yes, it is worth buying a term insurance policy no matter what stage of life you are in. The significant coverage it provides can help your family cope with the loss of income, pay for living expenses and resolve any debts that must be paid off.
What happens if I outlive the term insurance policy period?

If you survive the policy term, the coverage will lapse along with your term insurance policy. This is because term plans do not offer maturity benefits.
What factors affect the term insurance premium?
These are some key factors insurance companies consider when calculating your term plan premiums:
- Your Age.
- Your chosen add-on riders⁷.
- Chosen sum assured and policy tenure.
- Medical history and current health condition.
- Annual income.
- Lifestyle habits (if you smoke or consume alcohol).
What are the different options for premium payment in term plans?
You can choose to pay for a term plan under these premium payment terms:
- Regular Pay: The premium payment term is the same as the policy term. This can be done annually, monthly, or half-yearly.
- Limited Pay: The duration for paying premiums is less than the policy term. Can be done annually, monthly, or half-yearly. It lasts however long your limited payment term lasts.
- Single Pay: A one-time lump sum payment.
Does the premium for my term insurance plan increase every year?

No, premiums under terms plans stay the same throughout the policy's term. They only change on renewal or if you buy a new policy as premium rates are adjusted to your age and current inflation rates.
What should be the sum assured for my term insurance plan?

Most experts recommend that you opt for a minimum sum assured that is 15 - 20 times your annual income. You must account for your living expenses, existing liabilities, future financial goals, and obligations to choose the right sum assured amount.
When is the right time to purchase term insurance in my life?

Buying a term insurance plan as early as possible is recommended, as premiums are much cheaper compared to later stages in your life. Doing so also ensures you are provided insurance coverage right from your younger years.
Should I purchase a term plan if my employer already provides life insurance coverage?

A personal term plan will offer more benefits and coverage regardless of your employment or employer status. It will remain in place if choose to switch jobs and the best term insurance plans can be customized to meet your needs.
Who should purchase a term plan in their life?

You should aim to buy a term insurance plan in your 20s. Also, choose a term plan that lets you increase your cover and change your nominee during key junctures in your life, for example, after marriage or when you have children.
How to select the best payout option for my term insurance plan?

You must choose a payout option based on your family's financial understanding, liabilities, and future goals. With that said, the lump-sum payout option is the most popular option.
What is a free look period in term insurance?

This is a particular length of time starting from policy commencement that allows you to cancel your term insurance for any reason with no penalty. In most instances, you will get your premium back. The free look period for term policies is 15 - 30 days depending on whether you have chosen offline or online term plan.
Are maturity benefits applicable to term insurance plans?

No, the policyholder does not get any survival or maturity benefits under a term plan unless their policy specifically states otherwise or if they have opted for a rider⁷ that offers maturity benefits.
How to benefit from tax while purchasing term insurance plans?

You can claim tax⁶ deductions up to ₹1.5 lakhs per year on term insurance premium payments under Section 80C of the Income Tax Act. Moreover, the death benefits under term plans are fully tax-exempt under Section 10(10D).

Disclaimer
- Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V12)
- Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V15)
- ¹As per the duly approved product design and terms & conditions of the product, illustrated premium of ₹678 is the monthly premium for a 20 yr. old female, Standard Life, Non-Smoker for ₹1.5 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 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.
- ⁵As per the duly approved product design and terms & conditions of the product, Illustrated 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) with Life Secure plan option of Tata AIA Maha Raksha Supreme Select with first year premium discount for digital purchase and salaried person.
- ⁶Tax 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 as per old tax regime. 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. The Tax-Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
- ⁷Rider 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.
- ⁸Inbuilt Payout Accelerator Benefit pays out 50% of Effective Sum Assured opted in case of a Terminal Illness diagnosis
- ⁹98,01,699 families protected till 18th May 2026.
- ¹⁰Individual Death Claim Settlement Ratio is 99.45% for FY 2025-26
- ¹¹As on 31st March 2025, the company has a total Assets Under Management (AUM) of ₹145,589 Crore
- Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V04 or any other later version) - A Non-Linked, Non- Participating Individual Health Rider, Tata AIA Vitality Protect (A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V04), Tata AIA Vitality Health (A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V03) 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/2026/Jun/3922