Tata AIA Term Insurance

Tata AIA
Term Insurance

Term plans from Tata AIA are the ideal solutions for those who wish to secure the financial future of their family. The three main protection solutions offered by Tata AIA include iRaksha TROP, iRaksha Supreme and Maha Raksha Supreme.

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Tata AIA Life iRaksha TROP

Tata AIA Life Insurance iRaksha TROP is a non-participating, non-linked online term insurance plan that not only ensures that your family will be financially secure in the unfortunate event of your demise, but also ensures that your family will receive all the premiums you have paid when the term of the policy ends. Please note that the premium amount that you receive does not include tax, interest, or underwriting additional premium.

Parameter	Description
Entry age	Minimum: 18 years
Policy term	Whole life
Sum assured	Rs. 1 crore
Premium payment	Minimum annual premium(Male): Rs.12,600 Maximum annual premium(Female):Rs.10,700
Premium payment frequency	Single, annual, half-yearly, quarterly, and monthly payment options.

Saral Jeevan Bima

Tata AIA Life Insurance Saral Jeevan Bima is an affordable term insurance plan that is tailored to ensure that the family is financially protected in case of the unfortunate death of the policyholder. It is a non-participating, non-linked, pure risk individual life insurance plan.

Parameter	Description
Entry age	Minimum: 18 years Maximum: 65 years
Age at maturity	Maximum: 65 years
Policy term	Minimum: 5 years Maximum: 40 years
Basic Sum assured	Minimum: Rs.5 lakh Maximum: Rs.49.50 lakh
Premium payment frequency	Single, annual, half-yearly, quarterly, and monthly payment options.

InstaProtect Solution

Tata AIA Life Insurance InstaProtect Solution is a comprehensive plan that combines the benefit of a life cover along with hospitalisation, critical illness, accidental death, permanent disability and more.

Parameter	Description
Entry age	Minimum: 18 years Maximum: 45 years
Age at maturity	Minimum: 23 years Maximum: 65 years
Policy term	Minimum: 5 years Maximum: 50 years
Package Sum assured	25 lakh, 50 lakh, 70 lakh
Premium payment frequency	Single, annual, half-yearly, quarterly, and monthly payment options.

Features and Benefits of Tata AIA Term Insurance:

The minimum age to apply for a Tata AIA Term Insurance plan is 18 years.
The maximum age to apply for a Tata AIA Term Insurance plan is 70 years.
Individuals who apply for a Tata AIA Term Insurance plan must either be self-employed or salaried.
The maximum tenure for these plans is 40 years.
The minimum sum that can be assured with these plans is Rs.5 lacs and the maximum sum has no limit but is subject to underwriting.
The only exclusion is if the policyholder commits suicide within the first year of the policy.
Individuals who wish to avail a Tata AIA Term Insurance plan must furnish documents such as identity proof, age proof, income proof, address proof and PAN number.

Tata AIA Term Plan FAQs:

If you are looking for a plan that ensures the financial security of your family in case of the unfortunate event of your demise, a Tata AIA Life Insurance policy is your best bet. There are three policies to choose from depending upon your financial requirements, viz. iRaksha TROP, iRaksha Supreme and MahaLife Supreme.

Most policies allow customers to make premium payments either on a monthly, quarterly, semi-annual or annual basis.

Customers of Tata AIA can make premium payments through the internet, ECS, cash, or cheque.

Customers who fail to pay their premium on time will receive a grace period of 30 days. If the premium is not paid within the grace period, the insurance policy will be blocked and you will then be given two years to revive it if you want to continue receiving the benefits you had signed up for.

Yes, non-smokers will receive preferential rates of premium as they lead a healthier lifestyle.

Tata AIA Term Insurance