What are the Benefits of Life Insurance?

Here are the important reasons why you must have life insurance:

  • Financial Protection

    A life insurance plan ensures that your family will be financially secure in your absence. The life insurance coverage pays out the sum assured to your family or beneficiary if you meet an untimely demise during the policy term.

  • Wealth Creation

    In the case of savings plans or Unit-Linked Insurance Plans, you can invest in the policy through your premium payment over the long term. This financial corpus is paid out as the maturity benefit if you outlive the policy term.

  • Assured Returns

    Savings plans or retirement savings plans offer guaranteed and assured returns on maturity. You can save your money over the years as you pay your premiums. On maturity, this amount can be availed of either as a lump sum or as a regular income.

  • Tax Benefits~

    Under Section 80C of the Income Tax Act, you can claim a tax deduction of up to ₹ 1.5 Lakh on the paid premiums. The death benefits and maturity benefits/bonuses/loyalty additions (subject to policy conditions) are tax-exempt under Section 10(10D).

  • Low Premiums

    If you plan to get life insurance, purchasing the policy at a younger age ensures lower premiums, owing to lower health risks. The premium amount is higher if you buy life insurance later at an older age.

  • Long Term Coverage

    Some term insurance plans offer a long coverage, with some plans offer cover up to 100 years of age. With this, you can ensure that you and your family are protected for your whole life.

Our 
Identity

Tata AIA Life Insurance Company Limited (Tata AIA Life Insurance) is a joint venture company, formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life Insurance combines Tata’s preeminent 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. Tata AIA Life Insurance is also one of the leading insurers in the Indian private sector.

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We offer a range of solutions spanning across life, savings, wealth and retirement to suit your requirement. You can check premium of our products, register to meet our expert or buy online.

Awards
and Recognitions

We’ve been awarded the prestigious Kincentric Best Employer Award for six years in a row

Leadership

Our dedication to serve our customers to the best of our abilities does not stop at the boardroom. At Tata AIA Life Insurance, our leaders uphold our mission by making a positive impact on our customers, and in the communities we live and work in every day.

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Get access to all the press releases and fact sheets issued by Tata AIA Life Insurance, along with media coverage on corporate events, interviews, latest news, breaking stories, TV campaigns, and more.

Our
Culture

At Tata AIA Life Insurance, our values emphasize respect for people and diversity, and we believe that employees have long-term careers and strong values, and it is their contribution that serves as a bedrock on which our organization is built.

Corporate Social Responsibility (CSR)


Being a part of the Tata Group, we align our vision to the Tata Group Core Purpose:

To improve the quality of life of the communities we serve through long term stakeholder value creation.

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    When it comes to financial decisions, have you ever thought what drives you to take decisions or why you prefer one mode over another? If you follow the typical thumb rules or make unexpected decisions, says a lot about your financial personality. To help you identify your personality type, we’ve designed this fun quiz.

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      Why Do You Need Life Insurance?

      These are some reasons why life insurance is a must:
       

      • Long-term financial stability

        Your life insurance plan helps create a financial corpus for your family’s future financial security. With a savings plan, you can plan early and save enough for the future to meet your financial goals. 

      • Secure your child's future

        Be it a child education plan or a savings plan, life insurance can help you secure your child’s future needs. And in case of your death or your spouse’s death, your child will still be able to realise their dreams.

      • Financial liabilities

        Loan repayments can be a hassle, and non-repayment can lead to bad credit and increase the chances of earning a penalty fee. In your absence, you can keep your family away from the risk of unpaid debts with a life insurance plan.
         

      • Spouse’s retirement

        A planned retirement helps you meet various needs. But in your absence, your spouse should not be deprived of a retirement plan in your absence. With life insurance, you can secure a retirement corpus for their future needs.

      • Tax benefits

        You can claim tax deductions under Section 80C of the Income Tax Act on your policy premiums. And since the death benefits, too, are tax-exempt under Section 10(10D), your family can inherit a tax-free legacy for their security.