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The Tata AIA Life Insurance offers a mixed variety of term plans ranging from the most basic ones to the most comprehensive plans. All the plans have death benefits along with certain additional riders and benefits. These term plans also offer lower rates for female lives and non-smokers. The policyholder of Tata AIA term plans is also entitled to a lump sum payment of the basic sum assured on the diagnosis of any terminal illness or end-stage diseases that cannot be cured or likely to lead to death.These plans come with useful optional add-on riders such as accidental death and disabilities among others.
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Up to 100 years
For premium payouts
Up to 100 years
For premium payouts
Max Life Insurance
Claim Settlement Ratio (2023-24)
Income Tax Benefits
Save up to INR 54,600 on taxes
20% lower term insurance premiums for women, zero-cost terminal illness coverage
On Max life insurance’s secure website
The Tata AIA Sampoorna Raksha Supreme is the most comprehensive and best-selling term plan amongst all the other term insurance plans of Tata AIA. This term plan provides multiple plan options like Life, Life Plus, Life Income and Credit Protect option which comes with the live coverage up to 100 years.
Key Features:
1. Extra coverage against unforeseen events such as accidental death or disability, critical illnesses and terminal illnesses.
2. The policyholder has an option to extend the coverage of the specific rider under the same plan.
3. The policyholder has an option to receive the balance premium amounts on maturity of the policy.
4. Option to choose benefit payout as a lump sum, monthly income for 10 years, or a combination of lump sum and income for a fixed period.
5. Option to choose one or more risk covers from illness, hospitalization and disability. Provides extensive coverage against major and minor illnesses with multiple claims features.
Who is Eligible for Tata AIA Sampoorna Raksha Supreme
The Tata AIA Insta Protect Solution is another kind of term insurance plan which comes with a useful combination of a life cover along with optional covers such as critical Illness, hospitalization expenses, accidental death and total and permanent disability.
Key Features:
1. Criticare Plus Benefit : The policyholder is entitled to receive a lump sum payout on the diagnosis of any listed 40 critical illnesses such as cancer or cardiac attack. The coverage is received up to INR 10 lakh, as per the sum assured package chosen.
2. Hospicare Benefit: This benefit takes care of day to day hospitalization expenses and covers 0.5% of the sum assured, if the policyholder is hospitalized in case of a medical emergency.
3. Accidental Total and Permanent Disability Benefit: The policyholder is entitled to receive a lump sum payout, in case of any total and permanent disability.
4. Accidental Death: This benefit pays an additional lump sum payout to the life assured’s nominee, in case of their accidental death.
The Tata AIA Saral Jeevan Bima is a simple and pure risk premium term plan which aims to provide financial protection to the life assured’s family in case of his or her death during the policy term. This plan also offers the flexibility to the policyholder to choose premium payout options and premium paying term as per their convenience.
Key Features:
1. Accidental death benefit
2. Accidental total and permanent disability benefit
Who Is Eligible For Tata AIA Saral Jeevan Bima?
The Tata AIA Maha Raksha Supreme is a term plan which intends to offer better flexibility in terms of choosing life coverage and its benefits along with an option to choose the premium payouts. This plan also has an in-built payout accelerator benefit, which provides 50% of the basic sum assured if the policyholder is diagnosed with any of the terminal illnesses.
Key Features:
1. Option to choose one or more risk covers such as critical illness, accidental death and disabilities and terminal illness.
2. The policyholder has an option to extend the coverage of the specific rider under the same plan.
3. The policyholder has an option to receive the balance premium amounts on maturity of the policy.
4. Option to choose benefit payout as a lump sum, monthly income for 10 years, or a combination of lump sum and income for a fixed period.
5. Option to choose one or more risk covers from illness, hospitalization and disability. Provides extensive coverage against major and minor illnesses with multiple claims feature.
Who is Eligible For Tata AIA Maha Raksha Supreme?
Tata AIA Life iRaksha TROP is an online term plan which comes with the return on premium feature. This means that the total premium paid would be returned back to the life assured outlives the policy term.
Key Features:
1. Option to choose one or more risk covers such as critical illness, accidental death and disabilities and terminal illness.
2. The policyholder has an option to extend the coverage of the specific rider under the same plan.
3. The policyholder has an option to receive the balance premium amounts on maturity of the policy.
4. Option to choose from five risk covers from illness, hospitalization and disability. Provides extensive coverage against major and minor illnesses with multiple claims feature.
Who is Eligible For Tata AIA iRaksha TROP?
The following are the documents which are required if one is planning to buy term life insurance policies:
The Tata AIA term insurance ensures a quick and hassle-free claim settlement process and with their ‘Express Claim and Easy claim service’, the claims are settled within four hours. The policyholders can claim the settlement by following the steps given below:
The Tata AIA Term Insurance plans were reviewed on the basis of the following factors:
Sum Assured Options: It is one of the most important factors before choosing the sum assured to secure your family finances. As per the thumb rule, the sum assured amount should be ten times of one’s annual income. The Tata AIA term plans have various wide sum assured options which can be chosen or added as per the needs and requirements of the policyholder.
Riders: Always choose those benefits or riders which have the capacity to enhance the coverage and thus protection. The Tata AIA term plans offer useful riders such as accidental death, accidental disability, critical illness or hospitalization expenses riders, which further supports you and your family in any difficult time.
Flexible Payout Options: We considered this as a critical factor in reviewing the term plans of Tata AIA. All the plans provide the life assured to choose an option of payout whether lump sum, regular or limited premium payout options and policy terms depending on their convenience.
Benefits: While analyzing these term plans, we considered the benefits given upon the death of the life assured, maturity benefits or other benefits in case one outlives the policy term. Always, try and find those plans that offer maturity or survival benefits as well as flexible payment and payout options. Under the Life Plus option in Sampoorna Raksha Supreme plan, the life assured is provided with survival benefits. Also, the policyholder can also avail discount on premium for higher sum assured under Tata AIA plans.
New-Age Features: All the term plans of Tata AIA are available online and thus can be easily purchased via their website or mobile app. It also offers a very simple online process which makes it easier for the policyholder to buy the term plan instantly.
