Introduction

Tata AIA Life Insurance Company Limited is a joint venture between Tata Sons Pvt Ltd, a prominent business leader in India and AIA Group Ltd, independent listed pan-Asian life insurance group in the world. Founded in the year 2001, Tata AIA is one of the fastest-growing life insurance company in India offering a variety of life insurance plans with innovative features.

Types of life insurance plans offered by Tata AIA

Following are the categories of life insurance plans offered by the company:

  • Protection plans
  • Wealth plans
  • Savings plans
  • Child plans
  • Retirement plans
  • Health plans
  • Group plans
  • Microinsurance plans

There are various plans offered in each category. Following are the brief details of each plan in the category.

Protection plans

Protection plans are the term life insurance products that provide life cover. Basically, these policies provide financial security in an unfortunate event like death. Person insured is covered for a specific time period. During the period, if he/she dies, unfortunately, pre-decided cover (sum assured) will be payable to designated nominee in the policy. Usually, protection plans come with no maturity benefit. There are many protection plans offered by Tata AIA Life Insurance Company. Following are the details of protection plans available.

1. Tata AIA Sampoorna Raksha Term Insurance Plan

Key highlights of Tata AIA Sampoorna Raksha Term Insurance Plan are:

  • The plan provides life coverage up to 85 years or up to 100 years if whole life cover is chosen
  • Flexibility to choose from four death benefit options
  • Flexibility to choose from regular or limited-term (5/10/12 years) premium payment term
  • Discount on availing higher sum assured
  • Special rates for female lives and non-smokers
  • Plan can be customised with additional riders
  • Income tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961 

2. Tata AIA Sampoorna Raksha+ Term Insurance Plan

Sampoorna Raksha+ is a Term Plan with the return of premium facility that offers financial stability and support to insured’s family in an unfortunate demise of the insured during the policy term.

Key highlights of Tata AIA Sampoorna Raksha+ Term Insurance Plan are:

  • Flexibility to choose between two types of the death benefit. Insured can opt for lump-sum death benefits or combination of lump sum + monthly income for 10 years after death.
  • All premiums paid will be returned to insured as a survival benefit at the end of the policy term.
  • Flexibility to choose premium payment term – regular/limited pay (5/10/12 years)
  • The large sum assured discount on availing the higher amount of coverage
  • Preferential rates for female lives and non-smokers
  • Coverage can be enhanced with optional riders
  • Tax benefits and exemptions under Section 80C and 10 (10D) of the Income Tax Act.

3. Tata AIA Life iRaksha TROP Plan

This is an online term insurance plan offered by Tata AIA with the return of premium facility. Total premiums paid will be returned at the end of the policy period if the insured survives the policy term.

Key highlights of Tata AIA Life iRaksha TROP Plan are:

  • iRaksha TROP is a non-linked, non-participating term plan
  • The plan offers the dual benefit of protection and return of premium
  • Flexibility to choose the premium payment – regular/single/limited pay (5/10 years)
  • Preferential premium rates for non-smokers
  • The large sum assured discounts for people availing the higher amount of coverage
  • Lower premium rates for female lives
  • Income tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961

4. Tata AIA Life iRaksha Supreme Term Insurance Plan

It is an online pure term insurance solution offered by Tata AIA. The plan provides the life cover to protect the family of the insured in an unforeseen event if that occurs during the policy term.

Key highlights of Tata AIA Life iRaksha Supreme Term Insurance Plan are:

  • Financial protection to family or dependants against the unfortunate death of the insured
  • It is a non-linked and non-participating plan
  • The convenience of paying the premium in a preferred way. Flexibility to choose the premium payment term – single pay/regular pay/limited pay (5/10 years)
  • Lower premium rates for female customers
  • Rewards for a healthy lifestyle in the form of preferential rate to non-smokers
  • The large sum assured discount for people availing sum assured of more than INR 75 lakhs
  • Income tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961

5. Tata AIA Life Maha Raksha Supreme Term Insurance Plan

It is a simple non-linked and non-participating term plan. The plan comes with many attractive features to cater to the specific insurance needs of individuals.

Key highlights of Tata AIA Life Maha Raksha Supreme Term Insurance Plan are:

  • Protection cover with an option to enhance the coverage in future.
  • Life stage plus option offered in the policy helps to enhance the life cover at major life stage events in future without any additional underwriting requirements
  • The policy comes with in-built payout accelerator benefit. In this, 50% of the basic sum assured is given in advance in case of diagnosis of terminal illness during the policy term
  • Flexibility to choose the premium payment –single/regular pay
  • The discounted premium rate for female lives and non-smokers
  • Income tax benefits under Section 80C and 10(10D) of the Income Tax Act, 1961

Tata AIA Life Insurance Wealth Plans

Wealth creation is everyone’s long-term financial goal. Building wealth can be for meeting various objectives like higher education for children, buying a home or four-wheeler or for comfortable golden years of life. Wealth plans offered by insurance companies are particularly meant for this. Wealth plans offer a combination of life protection and wealth creation benefits by providing market-linked returns. Following are the wealth plans offered by Tata AIA Life Insurance Company.

1. Tata AIA Life Insurance InvestOne Plan

Tata AIA Life InvestOne Plan is a single premium unit-linked endowment insurance plan that assures maximised returns on maturity along with life protection during the policy term. The policy comes with various attractive features.

Key highlights of Tata AIA Life Insurance InvestOne Plan are:

  • Flexibility to choose the policy term between 15 years and 30 years
  • Loyalty additions every five policy years starting from the tenth policy anniversary
  • The plan offers guaranteed maturity additions
  • Flexibility to choose from eight different investment fund options
  • Based on the investing style investor can choose from two investment portfolio strategies offered – protect returns of funds increased over time (PROFIT) and enhanced automatic asset allocation plus ( Enhanced AAAP)
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

2. Tata AIA Life Insurance Fortune Maxima Plan

Tata AIA Life Fortune Maxima Plan is a non-participating unit-linked whole life plan that provides the benefit of whole life protection along with wealth creation for future.

Key highlights of Tata AIA Life Insurance Fortune Maxima Plan are:

  • Flexibility to choose the premium payment – single or limited period payment
  • Loyalty additions credited regularly
  • Choice of portfolio strategy – enhanced systematic money allocation or regular transfer
  • 11 investment fund options to choose based on the need
  • Top-up facility to increase the portfolio size
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

3. Tata AIA Life Insurance Fortune Pro Plan

Tata AIA Life Fortune Pro is a non-participating unit-linked endowment assurance plan that provides the benefit of life protection and maximising investment returns. The plan basically is an ideal choice for meeting medium and long-term financial goals with a variety of features offered.

Key highlights of Tata AIA Life Insurance Fortune Pro Plan are:

  • Premium payment can be in a single or limited pay mode.
  • Regular loyalty additions to boost the investment
  • Choice of investment portfolio strategy – enhanced systematic money allocation or regular transfer
  • 11 investment fund options to choose
  • Plan can be customised with three optional additional riders
  • Top-up facility to increase the portfolio size
  • Settlement option on maturity which allows taking maturity amount either in a lump sum or instalment basis.
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

4. Tata AIA Life Insurance Wealth Maxima Plan

Tata AIA Life Wealth Maxima Plan is a non-participating unit-linked whole life plan that offers long-term financial security along with the lifelong cover.

Key highlights of Tata AIA Life Insurance Wealth Maxima Plan are:

  • Flexibility to choose from single or limited premium payment
  • Regular loyalty additions
  • Customise with riders
  • Flexibility to choose from 11 investment funds
  • Top-up facility
  • Choice of investment portfolio strategy – enhanced systematic money allocation or regular transfer
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

5. Tata AIA Life Insurance Wealth Pro Plan

Tata AIA Life Insurance Wealth Pro Plan is a non-participating unit-linked endowment assurance plan that provides the benefit of life protection and wealth creation for long-term.

Key highlights of Tata AIA Life Insurance Wealth Pro Plan are:

  • Premium payment can be in a single or limited pay mode.
  • Regular loyalty additions to boost the investment
  • 11 investment fund options to choose from
  • Choice of investment portfolio strategy – enhanced systematic money allocation or regular transfer
  •  Top-up facility to increase the portfolio size
  • Plan can be customised with three optional additional riders
  • Settlement option on maturity which allows taking maturity amount either in a lump sum or instalment basis.
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

Savings plans

Savings plans offered by Tata AIA Life Insurance Company are the combination of insurance and savings. These plans offer protection and non-linked savings opportunities. There are various savings plans offered by the company.

1. Tata AIA Life Insurance Guaranteed Return Insurance Plan

It is a non-linked, non-participating life insurance savings plan that provides both death benefit and survival benefit for the amount invested.

Key highlights of Tata AIA Life Insurance Guaranteed Return Insurance Plan are:

  • Flexibility to choose the plan based on requirement – Endowment, whole life or regular income plan
  • Guaranteed additions year on year to boost the investment under endowment option
  • Whole life income option allows cover for a spouse in the same policy
  • Two additional optional riders to enhance the cover
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

2. Tata AIA Life Insurance Guaranteed Monthly Income Plan

It is a non-linked non-participating life insurance plan with a monthly income option that helps in meeting future income needs of the family along with life protection.

Key highlights of Tata AIA Life Insurance Guaranteed Monthly Income Plan are:

  • Guaranteed monthly income for double the policy term
  • Two optional riders to enhance the protection
  • Flexibility to choose the policy term -5/8/12 years
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

3. Tata AIA Life Insurance Diamond Savings Plan

Tata AIA Life Diamond savings plan is a limited pay, non-linked and participating savings plan that helps in meeting various long-term financial requirements.

Key highlights of Tata AIA Life Insurance Diamond Savings Plan are:

  • Guaranteed income after the premium payment term is over
  • Flexibility to choose the premium payment term and policy term
  • Two optional riders to enhance the cover
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

4. Tata AIA Life Insurance Gold Income Plan

It is a limited pay, non-linked and non-participating endowment assurance plan that provides the dual benefit of protection and savings.

Key highlights of Tata AIA Life Insurance Gold Income Plan are:

  • Pay for a limited period -5/12 years for a policy term of 12/15 years
  • Choose guaranteed income (starting at 12% of basic sum assured) for 10 or 15 years
  • Guaranteed maturity benefit on the survival of policy term
  • Income boosters on increasing income
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

5. Tata AIA Life Insurance Smart Income Plus Plan

It is a limited pay, non-linked and non-participating endowment assurance plan that comes with a guaranteed payout.

Key highlights of Tata AIA Life Insurance Smart Income Plus Plan are:

  • Flexibility to choose between regular income and endowment options
  • Optional rider to customise the cover
  • Higher benefits for female lives
  • Guaranteed payouts from 120% to 160% of the annualised premium
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

6. Tata AIA Life Insurance Monthly Insurance Plan

It is a non-linked participating endowment assurance plan that follows a disciplined manner of investing by the monthly investment of small sums to create a good corpus for future.

Key highlights of Tata AIA Life Insurance Monthly Insurance Plan are:

  • Monthly savings to build a future corpus
  • Guaranteed yearly additions accrued at the start of every year
  • The policy offers compounded revisionary bonus and terminal bonus
  • Life cover and lump sum maturity benefit
  • Loan facility
  • Tax benefits on investments and on returns

7. Tata AIA Life Insurance Secure 7 Plan

It is a limited pay, non-linked and non-participating endowment assurance plan that helps to meet future financial goals along with providing life protection during the policy term.

Key highlights of Tata AIA Life Insurance Secure 7 Plan are:

  • Premium payment for 7 years and guaranteed annual income for the next 7 years
  • Customisation through rider
  • On maturity, 25% of basic sum assured is payable
  •  Tax benefits under Section 80C and Section 10 (10D) of the IT Act

8. Tata AIA Life Insurance MahaLife Supreme Plan

It is a limited pay, non-linked and non-participating endowment assurance plan that provides guaranteed annual income benefit.

Key highlights of Tata AIA Life Insurance MahaLife Supreme Plan are:

  • Flexibility to choose the options based on the regular income inflow and savings outflow
  • Steady and guaranteed annual income
  • Riders to enhance the coverage
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

9. Tata AIA Life Insurance Fortune Guarantee Plan 

The plan is a combination of protection and savings to secure your future dreams.

Key highlights of Tata AIA Life Insurance Fortune Guarantee Plan are:

  • Guaranteed maturity benefit that varies from 114% to 275% of total premiums paid
  • Flexibility to choose policy term and premium paying term
  • Higher benefits for female lives
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

10. Tata AIA Life Insurance Insta Wealth Plan

It is a non-linked, non-participating endowment assurance plan that offers life protection and savings through guaranteed benefits.

Key highlights of the Tata AIA Life Insurance Insta Wealth Plan are:

  • Hassle-free life cover up to INR 20 lakhs without any medical tests
  • The convenience of payment for a shorter period
  • Guaranteed additions every year once the premium payment term is over
  • Enhances savings with compounded bonus and terminal bonus
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

11. Tata AIA Life Insurance Money Back Plus Plan

It is a limited pay, non-linked, participating savings plan that offers periodic payouts at key life stages along with life protection during the policy period.

Key highlights of Tata AIA Life Insurance Money Back Plus Plan are:

  • Money-back payout of up to 130% of sum assured at regular intervals
  • On maturity, compounded reversionary bonus and terminal bonus
  • Inbuilt accidental benefit
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

12. Tata AIA Life Insurance Smart 7 Plan

It is a limited pay, non-linked participating endowment assurance plan that helps to achieve future financial needs along with providing life protection.

Key highlights of Tata AIA Life Insurance Smart 7 Plan are:

  • Premium payment for 7 years and reap the benefit in just another 5 years
  • Life protection for the policy term plus maturity benefits at the end.
  • Additional bonus at maturity
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

13. Tata AIA Life Insurance Smart Growth Plus Plan

It is a non-linked, participating endowment assurance plan that addresses both insurance and savings needs of people.

Key highlights of Tata AIA Life Insurance Smart Growth Plus Plan are:

  • Guarantee addition of 5.5% p.a. of sum assured
  • The double sum assured in case of accidental death
  • Enhanced savings through compounded reversionary bonuses and terminal bonus, if any.
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

14. Tata AIA Life Insurance MahaLife Gold Plus Plan

It is a limited pay, a non-linked participating whole life insurance plan that provides coverage up to 85 years of age to provide protection to the future financial needs.

Key highlights of Tata AIA Life Insurance MahaLife Gold Plus Plan are:

  • Lifelong coverage with premium paid for 15 years
  • Inflation protection cover to enhance the protection
  • Guaranteed annual coupons from 10th and 30th policy anniversary
  • Non-guaranteed cash dividends annually from 6th policy anniversary till maturity
  • Lump sum benefit on maturity along with regular income benefit

15. Tata AIA Life Insurance MahaLife Gold Plan

The plan provides regular income for a longer period of time along with offering lifelong protection.

Key highlights of Tata AIA Life Insurance MahaLife Gold Plan are:

  • Lifelong coverage with premium paid for 15 years
  • Guaranteed annual coupons from 10th policy anniversary
  • Non-guaranteed cash dividends annually from 6th policy anniversary till maturity
  • Lump-sum benefit on maturity along with regular income benefit

16. Tata AIA Life Insurance MahaLife Magic Plan

It is a limited pay (9 years), non-linked, participating endowment assurance plan that offers maximisation of savings by short period premium payments.

Key highlights of Tata AIA Life Insurance MahaLife Magic Plan are:

  • Life cover plus maturity benefits including bonuses
  • Customisation through optional riders
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

17. Tata AIA Life Insurance Money Maxima Plan

It is regular pay, non-linked participating endowment assurance plan that maximises the money with guaranteed benefits and bonuses along with providing life protection.

Key highlights of Tata AIA Life Insurance Money Maxima Plan are:

  • Flexibility to choose policy term depending on the goal
  • Guaranteed loyalty addition to enhance the policy along with life cover during the policy term.
  • Rider to enhance the cover
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

18. Tata AIA Life Insurance POS Smart Income Plus Plan

It is a non-linked non-participating life insurance plan that provides life protection and maximised savings with guaranteed returns offered.

Key highlights of Tata AIA Life Insurance POS Smart Income Plus Plan are:

  • Flexibility to choose between regular income benefit and endowment benefit
  • Guaranteed payout at 120% of the annualised premium
  • Higher benefit for female lives
  • No medical examination
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

Tata AIA Life Child Insurance Plans

Every parent wants to provide the best in the world for their child. Child plans are specially crafted to address the financial needs of children to fulfil their dreams even when the parent is not around.

1. Tata AIA Life Insurance Good Kid Plan

It is a non-linked, participating, endowment plan that comes with various attractive features to secure the financial future of the insured’s child.

Key highlights of Tata AIA Life Insurance Good Kid Plan are:

  • The money-back benefit to meet the financial needs of the child at various stages of education and career
  • Inbuilt waiver of premium rider
  • Minimum 11 times the annual premium as life cover
  • Milestone additions at 5% of basic sum assured during the first five years of the policy
  • Customise the policy by availing accidental death and dismemberment rider
  • Enhance the savings with compounded reversionary bonus and terminal bonus, if any
  • Tax benefits under Section 80C and Section 10 (10D) of the IT Act

2. Tata AIA Life Insurance Super Achiever Plan

It is a unit-linked non-participating endowment plan that provides the benefit of life protection and capital appreciation through market-linked returns.

Key highlights of Tata AIA Life Insurance Super Achiever Plan are:

  • Flexibility to choose from 8 different investment funds based to enhance your return based on your risk profile
  • Guaranteed maturity additions at the end of the policy term
  • Flexibility to choose the portfolio strategy among enhanced automatic asset allocation plus and PROFIT investment strategy
  • Top-up facility
  • Settlement option to receive periodic payouts after maturity

Tata AIA Life Retirement plans

Retirement planning is a crucial part of one’s financial planning process. Retirement plans of Tata AIA Life Insurance are carefully crafted to meet the financial requirements in the post-retirement life.

1. Tata AIA Life Insurance Freedom Plan

It is a non-linked, participating endowment plan that helps to build a retirement corpus and enjoy the golden years without any financial worry.

Key highlights of Tata AIA Life Insurance Freedom Plan are:

  • Flexibility to choose the policy term based on retirement needs
  • Optional accidental death and dismemberment rider to enhance the cover
  • Guaranteed additions year on year till the premium payment term
  • Enhancement of savings through compounded reversionary bonus and terminal bonus, if any

2. Tata AIA Life Insurance Smart Annuity Plan

It is a single premium, non-linked, non-participating annuity plan that offers financial freedom post-retirement by providing regular income benefits.

Key highlights of Tata AIA Life Insurance Smart Annuity Plan are:

  • Flexibility in choosing the annuity option – immediate annuity/immediate annuity with return of purchase price/deferred life annuity with return of purchase price
  • The option of a single or joint-life annuity
  • Flexibility to choose the annuity payout mode
  • Top-up facility

Tata AIA Life Health plans

With the increased life expectancy and increased lifestyle diseases and the rising rate of medical inflation, planning for health care need is a prime focus. Health plans offered by Tata AIA Life Insurance specifically focuses on providing financial protection during the healthcare emergency.

1. Tata AIA Life Insurance Vital Care Pro Plan

It is a non-linked, non-participating health insurance plan that offers superior health care protection with various attractive features.

Key highlights of Tata AIA Life Insurance Vital Care Pro Plan are:

  • Cover for 15 listed critical illnesses with lump sum cover of up to INR 60 lakhs on diagnosis
  • No medical examination up to INR 20 lakhs cover
  • Additional monthly payouts for 10 years on a critical illness benefit claim
  • Flexibility to choose – pro care (lump sum benefit) or pro care plus (lump sum benefit + income loss benefit)
  • Joint life cover can be availed for a spouse
  • Tax benefits under Section 80D of the IT Act

Tata AIA Life Group Insurance plans

1. Tata AIA Life Insurance Group Loan Protect Plan

It is a non-linked, non-participating group credit life insurance offered by Tata AIA life for financial institutions, banks and non-banking financial institutions who offer various loans such as home loan, vehicle loan, personal loan and education loan etc. The policy offers comprehensive cover to the borrowers during unforeseen events such as death, terminal illness and total permanent disability etc so that the debt dues are cleared.

Key highlights of Tata AIA Life Insurance Group Loan Protect Plan are:

  • Flexibility to choose from 9 different plan options
  • Lower premium rates for female lives
  • Choose the cover – level or reducing
  • Choice of single life and joint life coverage
  • Flexibility to cover co-borrower for entire loan amount or on loan share basis

2. Tata AIA Life Insurance Group Total Suraksha Plan

It is a comprehensive insurance plan offered to a group with a minimum size of 50 eligible members.

Key highlights of Tata AIA Life Insurance Group Total Suraksha Plan are:

  • Death cover to insured members to choose from reducing sum assured or level sum assured options
  • Single premium payment
  • Insurance cover linked to loans along with an option to cover co-borrower
  • 24/7 worldwide cover
  • Tax benefits under Section 80C of the IT Act

3. Tata AIA Life Insurance Group Term Life Plan

It is a yearly renewable group term plan that covers the entire family against financial uncertainties.

Key highlights of Tata AIA Life Insurance Group Term Life Plan are:

  • Simple enrolment process
  • 24/7 worldwide coverage
  • Tax benefits under Section 80C of the IT Act

4. Tata AIA Life Insurance Immediate Annuity Plan

It is a single premium, immediate annuity plan with return of purchase price offered to the group of employees.

Key highlights of Tata AIA Life Insurance Immediate Annuity Plan are:

  • Flexibility to choose the annuity payment modes – monthly/quarterly/half-yearly/yearly
  • Incentives on higher purchase

5. Tata AIA Life Insurance Traditional Group Employee Benefit Plan

It is a variable group insurance plan offered to employers in order to avail protection against statutory obligations towards the welfare of employees.

Key highlights of Tata AIA Life Insurance Traditional Group Employee Benefit Plan are:

  • Helps to set up separate funds for leave encashment/gratuity benefits
  • Benefits payable to employees in the event of termination/resignation/retirement etc
  • Assured return with life cover to all enrolled members

6. Tata AIA Life Insurance Group Employee Benefit Plan

It is a unit-linked group insurance plan offered to employers to secure their statutory obligations towards employees.

Key highlights of Tata AIA Life Insurance Group Employee Benefit Plan are:

  • Flexibility to choose from 5 different investment funds
  • Loyalty additions for funds above INR 1 cr
  • Helps to set up separate funds for leave encashment/gratuity benefits
  • Benefits payable to employees in the event of termination/resignation/retirement etc

Micro Insurance plans

Microinsurance plans are designed to provide financial securities to low-income groups by offering them simple insurance cover at low premium rates.

1. Tata AIA Life Insurance Saath Saath Plan

The plan aims to provide financial protection to the insured’s family at a low cost without any need for medical tests. Along with the life cover plan offers maturity benefit up to 100% to 135% of the total premium paid.

2. Tata AIA Life Insurance POS Saath Saath

The plan aims to provide financial protection to the insured’s family at a low cost without any need for medical tests. Along with the life cover plan offers maturity benefit up to 105% to 135% of the total premium paid. The policy offers a preferential rate for female lives.

How to buy Tata AIA Life Insurance Plans?

Tata AIA Life Insurance plans are available for purchase both in online and offline mode.

Tata AIA Insurance plans can be bought online without any hassles through Turtlemint. Following are the simple steps to follow for purchase online:

  • Log on to Turtlemint home page
  • Choose the category as ‘life insurance’
  • Once you click on the category, various plans available under that category will be displayed. Click on plan type of your choice.
  • Provide your profile details such as gender, marital status, date of birth, income details and contact details and more depending on the plan type you have chosen
  • You can compare the plans offered by various life insurance companies on the side by side basis and select the right one as per your need
  • After choosing the plan, provide relevant details and continue to make payment through net banking/debit card/credit card/IMPS/Jio Money/Paytm/quick pay etc.

Documents required for buying Tata AIA Life Insurance Plans

Following are the documents required for buying/renewing the life insurance plans offered by Tata AIA along with the proposal or renewal form:

  • Identity proof – PAN Card/Passport/Voter’s ID card/Aadhaar card
  • Address proof – Bank statement/Driving license/ Passport/Aadhaar card/Voter’s ID/Ration card
  • Income proof – Income tax return for last 3 years/salary slips/latest form 16/Bank statement
  • Age proof – PAN Card/Birth certificate/Passport
  • Photographs

The claim process for Tata AIA Life Insurance plans

The claim process for Tata life insurance plans is quite simple and quick. Online claim process makes it more convenient. Following are the simple steps to follow:

  • Immediate online claim intimation to Tata AIA Life Insurance
  • Submit the required documents to process the claim
  • Claim decision is sent to customer and payouts are made through NEFT

Documents required for claiming

Documents required may vary depending on the nature of the claim. However, the following are the common documents to be submitted

  • Duly filled and signed claim form
  • Death certificate
  • Medical records
  • Original policy documents
  • Claimants ID proof, address proof age proof and relationship with the life assured
  • Bank account details with cancelled cheque leaf

FAQ’s

There are three types of optional riders available under ULIP which can be availed at an additional cost of the premium.

  • Waiver of premium
  • Waiver of premium plus
  • Accidental death and dismemberment rider

There are three types of optional riders available under traditional life insurance plans of Tata AIA which can be availed at an additional cost of the premium.

  • Term rider
  • Waiver of premium plus rider
  • Accidental death and dismemberment rider

Yes, you can register for ECS (Electronic Clearing System) to pay Tata AIA life insurance premiums.


Below is the mode of payment for claims:

  • NEFT (National Electronic Fund Transfer)
  • Cheque

In such a case, the life assured can make a fresh nomination for the policy.

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