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Traditional Life Insurance Plans

It is never too early to plan for the future and ensure financial security for your loved ones. TATA AIA’s Traditional Life Insurance Plans offer a simple Read moreand reliable way to ensure that your family’s financial stability is not compromised in the future. These plans combine guaranteed benefits with long-term savings to give you peace of mind and protection from the unknowns of life.Read less

It is never too early to plan for the future and ensure financial security for your loved ones. TATA AIA’s Traditional Life Insurance Plans offer a simple and Read more reliable way to ensure that your family’s financial stability is not compromised in the future. These plans combine guaranteed benefits with long-term savings to give you peace of mind and protection from the unknowns of life.Read Less

Get 18.5% discount on first year premium¹⁴

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What is a Traditional Life Insurance Plan?

A traditional Life Insurance Plan is a basic policy that provides financial security and savings. These plans provide guaranteed benefits such as life cover, maturity benefits and tax³ benefits which make them a good investment for a low risk-taker.

In TATA AIA’s traditional plans, a portion of your premium goes into life insurance, so your family is financially covered. The rest goes into building a savings corpus you can receive on maturity. These plans are most suitable for low-risk investors who want steady growth with no market exposure.

Benefits of Traditional Life Insurance Plans

Some of the benefits of traditional life insurance plans include:

Financial Security: It provides a safety net for your family in case of the unforeseen.
Guaranteed Returns: It provides fixed benefits including maturity benefits and death benefits.
Long Term Savings: It assists you in creating a secure savings corpus over time.
Tax³ Benefits: Earnings from the premium paid under Section 80C are tax free and the payouts are also tax free under Section 10(10D).
Risk Free Growth: This is because traditional plans provide stable and predictable returns, a feature absent in market linked products.
Flexibility: You can choose from a number of premium payment terms and policy durations to suit your financial goals.

Types of Traditional Life Insurance Plans

Endowment Plans:

These combine life cover with savings and provide a lump sum amount on maturity or on the policy holder’s death.
Money Back Plans:

They provide for recurring payouts during the policy term and are thus suitable for meeting short term financial needs while maintaining life cover.
Whole Life Plans:

They provide life cover for the entire lifetime of the policy holder and hence guarantee long term financial security of the family.
Savings Plans:

They help you to save regularly and also provide life insurance coverage for your future goals such as education or retirement.

Each plan has its own features so you are able to choose a plan that meets your financial objectives and demands.

Understanding Life Insurance Coverage Amount

The amount of the life insurance coverage amount also referred to as the sum assured is the amount that your family will receive in the case of your death within the policy term. This is normally a function of:

Your Income: The higher your income the more you are likely to want to ensure that your family is going to be OK financially.

Financial Needs: How much your family will need now and in the future, including things like educating children, buying and running a home and meeting other regular living costs.

Existing Liabilities: Any loans or other debt that you want to ensure are paid off without touching the inheritance of your loved ones.

Premium Affordability: The amount of coverage you select must be affordable so you can make the premium payments regularly.

TATA AIA advisors will help you determine your potential needs and select the right coverage amount to give you complete peace of mind.

Factors that Affect Your Life Insurance Premiums:

There are several factors that influence the amount of premium that you pay for a traditional life insurance plan. These include:

01

Age

The younger the policyholder, the lower the premiums as there is less risk to the insurer.
02

Health Condition

Generally, healthy people are eligible for low premiums and those with certain medical conditions may be charged more.
03

Lifestyle Habits

The impact of smoking, drinking and other lifestyle habits that are hazardous to health and result in higher premiums.
04

Policy Term

The annual premiums for longer policy terms are usually lower than those of shorter policy terms.
05

Coverage Amount

The amount of coverage selected determines the level of financial security and, consequently, the premium payment.
06

Payment Mode

Some insurers may offer discounts for annual payments over monthly or quarterly payments.

Understanding these factors will help you make informed decisions and choose a plan that fits your budget while achieving your financial goals.

Tips to Avoid Life Insurance Claim Rejection

When making a life insurance claim with TATA AIA, you’ll find the process to be seamless. Here are some tips that will enhance the probability of your claim being accepted:

Disclose Accurate Information

When applying, ensure you provide true and accurate information about your health, lifestyle and other personal information. Misrepresentation of facts can lead to claim rejection.

Pay Premiums On Time

Paying premiums regularly ensures that your policy remains active and valid for claim purposes.

Update Nominee Details

It is very important to keep your nominee’s information enclosed in the policy document to avoid any confusion at the time of claim.

Submit Necessary Documents:

Please ensure that all required documents like the death certificate and policy copies are submitted.

Understanding Policy Terms

One should always read the policy documents to know what is covered and what is not to reduce the chances of claim rejection.

Why Choose Our Traditional Life Insurance Plans?

Our traditional life insurance plans at TATA AIA are designed with your family’s security and your financial goals in mind. Here’s why they stand out:

A Trusted Brand:

Trusted brand with a legacy of providing reliable and transparent insurance solutions.
Comprehensive Coverage:

Our plans provide a great deal of life cover together with savings options.
Guaranteed Benefits:

Enjoy peace of mind with assured returns and payouts.
Customer Support:

Our team will guide you through every step of your insurance journey.
Flexible Options:

A variety of plans, premium terms and coverage amounts are available for your needs.

Secure your future with TATA AIA’s traditional life insurance plans and provide your family with the protection they deserve.

Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V05)
Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V08)
^*Illustrated premium of ₹608 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 and ₹501 is for the same modal point 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.
^##Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for 2 Cr. Sum Assured with Policy Term of 15 yrs. (Regular Pay) with Life Secure plan option. Please refer Benefit Illustration for more details. 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.
^~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
²Individual Death Claim Settlement Ratio is 99.13% for FY 2023 - 24 as per the latest annual audited figures.
³Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment 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.
¹⁴This 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.
This product is underwritten by Tata AIA Life Insurance Company Ltd.
Insurance cover is available under this product.
In case of non-standard lives, extra premiums will be charged as per our underwriting guidelines.
Rider 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.
This plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.
For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
Premium will vary depending on the option chosen
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 POS variant, the product is available with/without medical underwriting as per BAUP (Board Approved Underwriting Policy)
L&C/Advt/2025/Apr/1628