Top Term Insurance Plans From Tata AIA Their Features and Benefits


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Planning to buy term insurance? TATA AIA has some of the best term insurance plans for all your needs. Know all about them and how they can benefit you in this blog.

Nothing is permanent in life. Not even life itself. This is its only and harsh reality. But there’s another hard fact. Life does not stop for anyone. Even in your absence, life would continue to move on for your loved ones. And you’d definitely want them to have a secure and comfortable future behind you. This is why it’s wise to invest in term insurance while you still have life.

Buying term insurance plans can help ensure that the financial needs of your family and loved ones will be well taken care of in the unfortunate event of your death. This essentially makes you stress-free with regard to their future in your absence. Now let’s understand more about term insurance and why it’s absolutely essential to buy one during your life term.

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Meaning of Term Life Insurance Policy

As the name suggests, term life insurance refers to a plan that covers financial expenses for you and your family for a specified term or duration. In other words, in case of any unfortunate event, your loved ones would be entitled to receive a certain amount (pre-fixed by the insurance company) under the term insurance policy coverage.

Tata AIA Term Insurance Plan

Tata AIA leads the term life insurance sector with a large number of customized insurance plans for individuals and groups alike. All you need to do is enter your personalized details and specific financial requirements for the future and Tata AIA term plan would take care of everything else. The premium rates are reasonably affordable too.

Importance of Buying Tata AIA Term Insurance Plan

Why do you need term insurance? And more specifically, why should you buy a Tata AIA term plan? Well, there isn’t just one answer but a number of answers favoring this question:

  1. With Tata AIA term plan, you are entitled to a life cover of up to 100 years! This means that you have absolutely nothing to worry about during your lifetime when it comes to your family being taken care of financially in your absence.
  2. Tata AIA holds the reputation for the best term insurance plan in the insurance sector and also prides in having a high Claim Settlement Ratio or CSR. The CSR is the number of actual claims settled by the insurer out of the total number of claims received by the policyholder or insured in a given period of time.
  3. The company offers cover benefits for critical illnesses, saving a large amount of time and money involved in the treatment of these conditions.
  4. Tata AIA premium payment is quite affordable as well. The rate of premium payable under the plan is quite low when compared to other insurance companies. This makes the term insurance plan easily accessible to the common man.
  5. Under the Income Tax Act 1961, Tata AIA term plan provides tax exemptions to policyholders paying premium under this policy.

Top Term Insurance Plans from Tata AIA

Now that we know why buying term insurance is one of the wisest decisions of your life which you should not delay any further, let us look at some of the best term insurance plans offered by the Tata AIA group. The following table lists out some of the most popular plans of the company:

Name of the Plan Coverage Term Death benefit/Critical Illness Benefit Offered Monthly income Premium refunds
Tata AIA Life Insurance Sampoorna Raksha+ Up to 100 years or term duration of up to 40 years 2 Up to 10 years Refund possible only if the policyholder survives until plan maturity
Tata AIA Life Insurance Maha Raksha Supreme Upto 85 years old or 100 years; extra coverage can be added by opting for one or more benefits under the plan 50% of the basic sum assured paid to the insured in case of critical or prolonged illness/disease Regular and one-time choices Higher discounts on rate of premium if you opt for additional protection cover
Tata AIA Life Insurance iRaksha TROP Policyholder receives higher than the sum assured / up to 10 times the yearly premium paid / 105 times the total amount of premium paid Premium refundable upon maturity of plan
Tata AIA Life Insurance Sampoorna Rasha Provides add-on extended life cover benefit available at competitive rates Higher protection assured under this pure term insurance policy

How to Buy Tata AIA Term Insurance Plans Online

The best part about buying insurance from Tata AIA is the availability of the plans at ease. The most accessible place where one can find these policies is on the internet. However, make sure to make an informed and calculated decision before buying any of the plans online.

Each plan of the company can be found listed on their official website, along with comprehensive details on each. You can choose the one that you like as per your financial requirement.

Also, before buying the plan of your choice, you’d be required to furnish complete and honest information about yourself to the insurer, as may be required by the latter. You’d also be needed to submit or upload all the documents as necessary by the insurer.

Upon completion of these steps, you can comfortably buy a Tata AIA term plan online.

Also Read: Terminal Illness in Term Insurance

Best Term Life Insurance Companies

Wrapping Up

Tata AIA is one of the leading insurers in the category of term insurance, This blog detailed at least 4 Tata AIA term plan that you can consider buying as per your needs. There are a number of other term insurance plans that can be purchased even online. Remember that in a world of uncertainty, term insurance is the only certain answer to the big question that looms over everyone’s head – “Who will look after my family after me?”

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Oct 17, 2022
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PayBima Team
PayBima is an Indian insurance aggregator on a mission to make insurance simple for people. PayBima is the Digital arm of the already established and trusted Mahindra Insurance Brokers Ltd., a reputed name in the insurance broking industry with 17 years of experience. PayBima promises you the easy-to-access online platform to buy insurance policies, and also extend their unrelented assistance with all your policy related queries and services.

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