Tata AIA Life Insurance Smart 7 Plan Surrender You can surrender the policy any time during the policy term, provided at least the first full year’s premiums are paid. The enhancement in the Sum Assured will be dome by the company without any fresh underwriting formalities which may involve medical examinations. 100% of premiums paid are returned at maturity. Maha Raksha Supreme. Tata AIA Life Raksha Supreme Term Insurance Plan It is an online pure term insurance solution which is provided by Tata AIA. Hellow viewers, I am herewith one of the products of tata aia life insurance that is TATA AIA Mahalife Gold . While on one hand Tata is a leading group in the country specializing in multiple business ventures, on the other hand AIA boasts of being the largest listed pan-Asian life insurance group which has a presence in over 17 markets in the Asia Pacific region. Today, the company offers a multitude of products to its customers to meet their insurance requirements. With extremely low costs and extremely high coverage, it makes all the sense in the world to buy a term plan, no matter what your life situation is. The death benefit payable will be the amount higher of the Sum Assured or 10 times the annual premium or 105% of total premiums paid till the date of death for regular premium payment option and higher of Sum Assured or 125% of the Single Premium paid under the Single Premium payment option. CUSTOMER SERVICE TEAM. However, the only problem with term insurance is that you cannot surrender the plan mid way. It gives the flexibility to choose between two death benefit options and most importantly, the company returns the premiums in case of survival of the policyholder till the maturity of the plan. The plan provides life insurance cover throughout the policy term for the financial security of your family and a monthly income that meets tomorrow’s requirements, thus … For new policyholders they must register on the website and proceed with the same steps. Buying a Life Insurance policy is a long-term commitment. The customer only needs to log into the company’s website, choose the required plan, choose the coverage and provide the details. Q: What is the company’s process to settle claim for Tata AIA Term Insurance Plans? The compensation provided by a term insurance plan may help a family avoid the financial turmoil associated with the loss of the primary earner. Presenting Tata AIA Life Insurance Sampoorna Raksha Plan, a pure term insurance plan that provides financial protection to your family. Return of premium – You can offer to pay higher premiums and opt for a return of premium plan, where at the end of the policy period, the premium would be returned to you if you survive. They offer complete financial protection to your family and loved ones in the event of an eventuality. The eligibility conditions to buy Tata AIA Sampoorna Raksha Term Plan are as follows: Minimum age required for entry in the plan is 18 years and maximum age for entry for regular pay is 70 years and for limited pay of 5 years is 65 years, for limited pay of 10 or 12 years is 70 years and for limited pay, till 60 years age is 50 years. The details of the plan are: The following table illustrates sample rates of premium for different premium payment terms and different ages. There are dedicated offices at certain locations to directly file the claims. Life Insurance (Term Plan) in a Need and yes TATA AIA is helpful here. The chosen Sum Assured and the tenure of the plan are also varying at each instance. Whether you are a single, young entrepreneur, a family person with kids, a person with loans and mortgages or a healthy middle aged person, a term plan would always be a suitable life insurance policy for you. With a Tata AIA Life Insurance Term Plan, you ensure that your loved ones are never short in terms of financial resources to live the life of their dreams- in the World of their dreams. Fixed premium – No matter what length you take the plan for, your premium will be fixed throughout, and so you don’t have to appear for medical tests, etc during the policy tenure and have the premium increased. Trade logo displayed above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Company Ltd under a license. To check our term insurance plans … If there is an unpaid loan or any indebtedness on Tata AIA MahaLife Gold Plan, it will be deducted from any payment or proceeds under this policy at the time of settlement. Download Brochure Know More. The product information for comparison displayed on this website is of the insurers with whom our company has an agreement. Benefits of TATA AIA Term Insurance There are many advantages if term life insurance. Its plan cover the whole life of insurer i.e upto 100 years and The claim ratio is above 98%. It is important to ensure your loved one's financial security to meet uncertainties and make your family feel fully protected. The Tata AIA Life Sampoorna Raksha plan is a pure term insurance plan that secures the financial future of one’s family in the event of an untimely death.The plan offers flexibility in terms of the payment of policy proceeds. What are the modes of payment available? No.110) CIN No. Tata AIA Life Insurance. Every call happens on recorded lines to ensure unbiased advice & No misselling. *The information provided on this website/page is only for information sake. The company offers specific plans which are available online only. We Would love to interact with you, Tata AIA Life Insurance MahaRaksha Supreme, Aditya Birla Sun Life Term Insurance Plans, Max Life Insurance launches Covid-19 Rider, ICICI Prudential Life Insurance Policy Status. Tata AIA Life Insurance Maha Raksha Supreme is a pure term insurance plan that provides required financial protection to your family. The term insurance plans of Tata AIA Life InsuranceCompany are the best term insurance plan in India. An online term insurance plan offering higher coverage levels at lower rates of premiums. Ans: If you are a registered user, directly log into Tata AIA website with relevant username and password. Tata Term Plan. A 15 day free look period is applicable for manually purchased policies while 30 day is applicable for policies purchased online. The death benefit is higher of Sum Assured chosen or 10 times the yearly premium or 105% of premiums paid till death or the total premium paid till death. It ensures the financial security of the family in case of any uncertainty. Rebates in premiums are also allowed for choosing high Sum Assured levels. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued. The cost at which you get the cover is so good that everything else becomes negligible. However if you die before that, he may need financial assistance. Protection Solutions Premiums can be paid regularly for the entire duration of the plan under the Regular pay option or in one lump sum at the time of inception of the plan under the Single Pay option of premium payment. So once you purchase the policy, you have to continue with it. Approval for registration as an Insurance Broker is pending with the IRDAI. The Tata AIA Life Insurance MahaLife Gold is a participating whole life plan which provides life cover up till the ripe age of 85 years in exchange for a limited premium payment term. This policy provides life cover for the protection of the family of the insured in the unlikely event of the policy term. The experience and efficiency of both these companies have established Tata AIA Life Insurance Company in the insurance sector of the country. Premiums can be paid regularly for the entire duration of the plan under the Regular pay option, for a limited period of 10 or 5 years only under the Limited Pay option or in one lump sum on inception of the plan under the Single Pay option of premium payment. Individuals who apply for a Tata AIA Term Insurance plan must either be self-employed or salaried. In case of Sub Standard lives, extra premiums will be charged as per our underwriting guidelines. Claims are are good and the payback amount is around Rs.34 L after the policy get mature. The maximum tenure applicable on many term plans is 40 years. The policy offers a flexible premium payment mode which is shorter when compared to the policy term. Tata AIA Life provides one of the best protection plans & term insurance policy in India. If you are not happy with the policy, you can return the policy with 15 to 30 days of its purchase. While we cannot foresee our future, we can definitely make plans to ensure that the dreams of our loved ones are never compromised, thereby providing a strong 'foundation' of financial security for them. Read more to find out. Later in March 2017, Tata AIA joined hands with Tata Teleservices and launched m-insurance. Upon receiving the correct documents, the deposited amount is credited into the policyholder’s bank account as per the company’s records, and the policy is cancelled. Tata AIA Life Insurance, B-wing, 9th Floor, I-Think Techno Campus, Behind TCS, Pokhran Road No. The plan offers life cover for a policy term of up to 40 years or to 80 years of age and also gives you the option of enhancing your insurance cover with optional riders. For any information including cancellation, claims and complaints, please contact our Insurance Advisor/ Intermediary or visit Tata AIA Life’s nearest branch office or call 1-860-266-9966 (local charges apply) or write to us at customercare@tataaia.com. Some of the other benefits include the return of premium in case of survival of the policyholder on maturity and preferential premium rates for females & non-smokers. 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