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98.53%
Individual Death Claim Settlement Ratio for FY21-22**
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87.8% Policy Renewal
Customers renew their policy in 2nd year%
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Rs 3,00,000 Crores+
Among the highest retail sum assured~
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62,894 Crores
Assets Under Management (AUM)$
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400+ Branches
Presence across major cities in India
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Pay as Per Convenience
Flexibility to choose premium payment mode as per convenience
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Disclaimers
- *Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of Rs. 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.
- **Individual Death Claim Settlement Ratio is 98.53% for FY 2021 - 22 as per the latest annual audited figures.
- #68,75,083 families protected till October 2022
- ^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.
- ~Retail Sum Assured for FY22 is Rs 3,07,804 Cr.
- %87.8% 13th month persistency for FY21-22.
- $As on 31st August 2022, the company has a total Assets Under Management (AUM) of Rs. 62,894 Crores.
- For more details on risk factor, terms and conditions under the product, please read Sales brochure carefully before concluding a sale.
- L&C/Advt/2023/Apr/1215
