Tata AIA iRaksha TROP is a term insurance plan that provides the dual benefit of life insurance cover and return of premium. Insurance cover is available under this product. 06 Registration Code No. Tata AIA MahaLife Gold Plan Deduction from Proceeds. It is a non-linked non-participating term plan that can be applied for online. A 15 day free look period is applicable for manually purchased policies while 30 day is applicable for policies purchased online. Q: What is the company’s process to settle claim for Tata AIA Term Insurance Plans? Later in March 2017, Tata AIA joined hands with Tata Teleservices and launched m-insurance. Internet services are great with easy interface and vast variety of policies are there with full descriptions. 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. Term Insurance Plans & Protection Solutions in India - Tata AIA Life Insurance. 100% of premiums paid are returned at maturity. Approval for registration as an Insurance Broker is pending with the IRDAI. 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. The TATA AIA Term Insurance plans provide ideal solutions for the secured future and let you deal with the biggest challenges and prepare you to face any sort of adversity. Non-smokers are given preferential rates of premiums for maintaining a healthy lifestyle. Low cost – The greatest benefit of a term plan is that allows you to buy a substantial amount of life insurance at a very low cost. The company offers many insurance products like pension plans, ULIP plans, child life insurance plans, travel plans with highlighted being the term insurance plans. 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. All Rights Reserved.. See how age affects Term Insurance Premiums. There are dedicated offices at certain locations to directly file the claims. These plans offer complete life cover in the event of the death of the life assured. Q: What is the policy renewal process for Tata AIA Term Insurance Plans? Term life insurance is one of the most handy, useful and affordable life insurance products available today. The chosen Sum Assured and the tenure of the plan are also varying at each instance. 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. In case you aren’t happy with your purchase, you can cancel your policy from MyAccount hassle-free at the click of a button. Today, the company offers a multitude of products to its customers to meet their insurance requirements. In Tata AIA Life’s Guaranteed Monthly Income Plan, the minimum entry age for a policy term of 5 years is 13 (years). It offers a wide range of choices to ensure that the income for your family is protected. The plan is available online and it can be bought from anywhere just by visiting the company’s official website, Death benefit payable will be higher of the Sum Assured or 10 times the annual premium or 105% of total premiums paid till the date of death. The maximum tenure applicable on many term plans is 40 years. A complete feature analysis of the plans sold by the company is done below. The maximum entry age in the same case is 60 years. The company offers specific plans which are available online only. For example, if you have your 10 year old son as a nominee, you would want to purchase the policy for 15 years, because surely by the time he is 25, he will be financially independent. Tata AIA Life Insurance Maha Raksha Supreme is a non-participating Term Insurance plan that aims to protect the family in the event of premature death of the policyholder by providing financial support.. Key Features . An online term insurance plan offering higher coverage levels at lower rates of premiums. The Tata AIA Group Term Life Insurance Plan can be reinstated at any time during the policy tenure. The customer then needs to pay the premium online through credit card, debit card or net banking facilities and the policy will be issued. Read more to find out. No.110) CIN No. Presenting the Tata AIA Life Insurance iRaksha TROP, a plan that is the ideal solution to provide a strong 'foundation' to protect the income of our loved ones. 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. Ans: Company offers a transparent claim process. Besides, you can meet your goals like Child’s Education, Marriage, or Retirement planning, with this insurance plan. What are the modes of payment available? If you are not happy with the policy, you can return the policy with 15 to 30 days of its purchase. 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 policy cancellation process for Tata AIA Term Insurance Plans? The maximum age to apply for a Tata AIA Term Insurance plan is 70 years. You will not get a better price anywhere else. Protection Solutions For online payment mode, the policyholder can pay via; Alternatively, the policyholder can pay in cash or drop cheque at any of the payment collection centers or dropboxes mentioned on the Tata AIA website. One of the best ways to do this is through Term plans, the purest form of our insurance. 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. Sample illustration of premium amount in Tata AIA Life Raksha Plan The below illustration is for a healthy Male (non-tobacco user) opting for a Sum Assured = Rs. This policy provides life cover for the protection of the family of the insured in the unlikely event of the policy term. 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. The plan has return of premium option on maturity so that the policyholder does not lose the premiums paid on survival till maturity. Rebates in premiums are also allowed for choosing high Sum Assured levels of Rs.75 lakhs and above. So once you purchase the policy, you have to continue with it. 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. The minimum annualized premium for a policy term of 5 years is Rs 75,000. From the above mentioned points, we can clearly see that the advantages overwhelmingly outweigh the disadvantages and so you must most definitely get a term plan today if you haven’t done so already. The guaranteed maturity benefit and its various options are sure to help in many ways. The minimum age to apply for a Tata AIA Term Insurance plan is 18 years. This product is underwritten by Tata AIA Life Insurance Company Ltd. People who inherit a lot of money may feel secured about their future and also about the financial security of their dependents after their demise. Q: How to pay premium? Tata AIA Sampoorna Raksha + Plan is a non-linked, non-participating pure term life insurance plan that provides returns of the premium on maturity. Simply log into the portal and follow the link that leads to secured payment process. Investment Plans November 18, 2020 With Tata AIA Guaranteed Return Insurance Plan, you can get a protection cover for you and your loved ones. All you have to do is log in, select the plan you want, and buy it instantly. Benefits of TATA AIA Term Insurance IRDAI/WBA21/15 Valid till 13/07/2021. We all want to ensure that our loved ones are never short in terms of financial resources to live the life of their dreams. Main points of the Tata AIA Life Raksha TROP Plan which we should focus on are: Tata AIA is a private life insurance company renowned for its diverse range of offerings. Choose best suitable protection plan for you and your family. Follow, like, tweet or post. An early termination of the policy usually involves high costs and the Surrender Value payable may be less than all the Premiums Paid. If the life which was insured dies, death benefit is payable equal to the applicable Sum Assured as on death of the insured. Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana - 122001, IRDAI Web aggregator Registration No. With many advantages and almost no drawbacks, you can secure the future of your dependents with a term plan and rest assured that if something unfortunate were to happen to you, they would not be left in a financially challenging position. TATA AIA Life Insurance Maha Raksha Supreme is a non-linked, non-participating term insurance plan which aims to provide protection to you and ensure that the future of your family is safe and secured. Tata AIA Life Insurance, B-wing, 9th Floor, I-Think Techno Campus, Behind TCS, Pokhran Road No. A pure term plan which allows enhancement of the Sum Assured at important milestones of one’s life. 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. The maximum tenure for these plans is 40 years. The policyholder can register claims by submitting their request at the customer care helpdesk or via an SMS. 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 details of the plan are: The following table illustrates sample rates of premium for different premium payment terms and different ages. Individuals who apply for a Tata AIA Term Insurance plan must either be self-employed or salaried. Tata AIA Life Insurance Maha Raksha Supreme is a pure term insurance plan that provides required financial protection to your family. U66010MH2000PLC128403 Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400013. Easily available – Most term plans are available online and so buying them becomes extremely simple. A term plan is a type of life insurance scheme which provides cover only for a particular time period. Good future investment. 15 lakhs and Policy Term = 25 years Ans: Tata AIA offers the policyholders a chance to renew their policy online. 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 … Policybazaar does not in any form or manner endorse the information so provided on the website and strives to provide factual and unbiased information to customers to assist in making informed insurance choices. The features of the plan are as follows: The table illustrates the sample rates of premium payable by males and females depending on their smoking habits. I too have done this insurance policy, thats ' why I can tell you better of this product. Download Brochure Know More. Get an online discount of up to 10% when you buy online. Tata AIA Life Raksha Supreme Term Insurance Plan It is an online pure term insurance solution which is provided by Tata AIA. The claim for any indebtedness will have priority over the claim of any creditor, assignee, or any other interested party. Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons and AIA Group Limited (AIA). The premium will be determined using the filled details. Insurance is the subject matter of solicitation.Visitors are hereby informed that their information submitted on the website may be shared with insurers. 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. Other notable points are: The table illustrates sample rates of premium for different premium payment terms and different ages assuming the coverage to be of Rs.1 crore. It ensures the financial security of the family in case of any uncertainty. The option enables the policyholder to increase the Sum Assured during the tenure of the plan up to a maximum of Rs.50 lakhs at important milestones of the insured’s life like marriage and childbirth. Term insurance plans are offered by almost all insurers in the market. Tata AIA Life Insurance Sampoorna Raksha: A term insurance plan that ensures complete financial protection for your family. CUSTOMER SERVICE TEAM. Product information is authentic and solely based on the information received from the Insurer© Copyright 2008-2021 policybazaar.com. **Discount is offered by the Insurance company as approved by IRDAI for the product under File & Use guidelines #On the basis of your profile, CIN: U74999HR2014PTC053454 Policybazaar Insurance Brokers Private Limited (formerly known as Policybazaar Insurance Web Aggregator Private Limited) Policybazaar is currently registered as a Web aggregator by IRDAI. 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. Here you go: Tax benefit. TATA AIA Life Insurance plans offer tax benefits. 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. 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. You can renew your policy by using debit, credit card, or net banking option.Opt for Auto Renewal, when you initially sign up for the policy to save efforts and time. *The information provided on this website/page is only for information sake. This makes it possible for people of all financial levels to have life insurance. There are many advantages if term life insurance. There are five protection plans offered by Tata AIA Life. The experience and efficiency of both these companies have established Tata AIA Life Insurance Company in the insurance sector of the country. 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. The tata aia term plan is wonderful with huge benefits like low premiums and the policy coverage is high 87%. The entry age for TATA AIA Term Insurance plans varies between 18 years and 70 years. The Tata AIA Life Guaranteed Monthly Income plan is a non-linked, non-participating life insurance plan. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Tata AIA Life provides one of the best protection plans & term insurance policy in India. For new policyholders they must register on the website and proceed with the same steps. Tata AIA Life Insurance Company Ltd. (IRDA of India Regn. The age of the individual is taken to be 30 years. Of course you should buy term insurance! Introduction/Overview. 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