Life Insurance Plans
Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company, formed by Tata Sons Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world spanning 18 markets in the Asia Pacific region. Tata AIA Life has written retail new business weighted premium of INR 1,048 crores for the financial year ending March 2017. As of March 31, 2017, the 13th month persistency of the company was at 82.20%. For the same period the retail claims settlement ratio of the company was 96.01%.
Tata AIA Life Insurance Sampoorna Raksha
Tata AIA Life Insurance Sampoorna Raksha Plan, a pure term insurance plan that provides financial protection to your family and offers you the flexibility to choose the plan that suits your need. You may opt to receive either a Lump Sum benefit on Death or Lump Sum benefit on Death and Monthly Income for next 10 years while also enjoying the flexibility to enhance your life cover.
Flexibility to choose from 4 Death Benefit options:
Option 1 – “Sum Assured on Death” as Lump Sum benefit on Death
Option 2 – “Sum Assured on Death” as Lump Sum benefit on Death & Monthly Income for next 10 years
Option 3 – “Enhanced Sum Assured on Death” as Lump Sum benefit on Death
Option 4 – “Enhanced Sum Assured on Death” as Lump Sum benefit on Death & Monthly Income for next 10 years
Life Cover for Policy Term up to 40 years or 80 years of age
Choice of Regular or Limited (5 or 10 Years) Premium Paying Term
Lower premium rates for Non Smokers and Female lives
Enhance your protection with Optional Rider
Large Sum Assured discount for Higher Coverage
Receive tax benefits u/s 80C and 10(10D), as per the applicable Income Tax laws
Tata AIA Life Insurance InvestOne
The linked insurance products do not offer nay liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially will the end of the fifth year.
1. Pay premium once and enjoy dual benefits of insurance and market linked returns
2. Option to choose your policy term between 15 to 30 years
3. Attractive premium allocation charges
4. Flexibility to choose from 8 Fund options along with two new funds. Choice of 2 Investment Portfolio Strategies – Protect Returns Of Funds Increased Over Time (PROFIT) and Enhanced Automatic Asset Allocation Plus (Enhanced AAAP)
5. Tax benefits u/s 80C of the Income Tax Act, 1961
Tata AIA Life Insurance Good Kid
As parents, we always strive to give our kids the best. We also aspire our children to be more enlightened and successful than us. To prepare them to take on opportunities that come their way, we must give them the required education. However, with the increasing cost of education due to inflation, this sometimes seems a challenge.
To help you realise your dream and ensure adequate funds are available to meet your child’s needs, we present Tata AIA Life Insurance Good Kid that will help you move on with the growing needs of your child with Money Back Benefits and Milestone Additions, when it’s exactly required; besides protecting your family from uncertainties. Invest today in this good plan to keep your kid’s future good.
Money Back Benefits for your child’s education and career needs
Milestone Additions @ 5% of Basic Sum Assured during the first 5 policy years
Get life cover of minimum 11 times the Annualised Premium for the entire policy term
Flexibility to enhance coverage through Accidental Death & Dismemberment (Long Scale) (ADDL) Rider
Growth of your corpus through Compounded Reversionary Bonus and Terminal Bonus, if any
Get Tax benefits U/s 80C and 10(10D), as per applicable tax laws
Tata AIA Life Insurance Freedom
With the rising life expectancy stretching to late 70’s or early 80’s, it’s time to redefine retirement as a period for personal reinvention.
It is important to look back at the first quarter of your life and evaluate it. Harvest that wisdom and use it for the next chapters of your life by early savings to enjoy your golden years! Life after retirement is not only about money, medicine or health; but also leisure for those who want to spend their retirement by golfing, gardening or travelling. You can now do so with ease.
With this thought, we introduce to you Tata AIA Life Insurance Freedom, a Non – Linked Participating Endowment plan which will enable you to find a balance in your financial portfolio just as you would create a balance in your life’s portfolio. This plan provides you Guaranteed Additions to enhance your retirement corpus. You may choose from optional rider to further enhance your plan.
What more? Enjoy growth of your corpus with addition of Compounded Reversionary Bonus, thus ensuring an independent life. As the saying goes, “You can be young without money, but you can’t be old without it”. So start early and look forward to enjoy unparallel freedom to enjoy the best years of your life!
Choose a policy payment term as per your convenience and get 10% per annum of Annualized premium at the beginning of each policy year till the premium payment term.
You have the flexibility to choose your policy term that suits your Retirement needs. You may choose from Retirement Option 1 or Retirement Option 2 wherein the Maturity age is 55 or 60 years respectively.
Customize your product by adding optional Tata AIA Life Accidental Death & Dismemberment Rider
Enjoy growth of your corpus through Compounded Reversionary Bonus and Terminal Bonus, if any, thus enabling you to have an independent life.
Tata AIA Life Insurance Vital Care Pro
It is said “You can’t predict the future, but you can plan for it”. Similarly, you may never know what the future has to offer, but you can certainly protect yourself and your loved ones from a few of the harsh uncertainties that life may throw at you. Your health and well-being are two such aspects, that you would always like to protect.
Presenting Tata AIA Life Insurance Vital Care Pro, a Non Linked Non Participating Health Insurance plan, which offers you superior health care protection with multiple options at an affordable cost. The plan not only offers you the flexibility to choose from a Lump Sum Benefit or Lump Sum plus Regular Income Benefit while covering 15 critical illnesses, but also provides you with the floater option to cover your spouse at the same time. So go ahead and paint the future you always desired… carefree!
Tata AIA Life Insurance offers you a unique Critical Illness Plan which pays you a lumpsum amount, in case of an unfortunate event of you being diagnosed with any of the 15 covered Critical Illnesses (CI), during the term of the policy. What more, you can also cover your spouse under the same cover.
Get Lumpsum Critical Illness cover up to Rs. 60, 00,000 on diagnosis of any of the 15 covered Critical Illnesses.
Hassle free purchase experience through no medicals*
Affordable premiums for Priceless Care.
Get additional monthly payouts on Critical Illness Benefit claim, which becomes payable, for a period of 10 years2.
Flexibility to choose from following options:
-Pro Care – Lumpsum Benefit
-Pro Care Plus – Lumpsum Benefit with Income Loss Benefit
Spouse also can be covered under the same plan
-Duo Care – Lumpsum Benefit with Joint Life
-Duo Care Plus – Lumpsum Benefit with Income Loss Benefit with Joint Life
Tax benefits u/s 80D of the Income-Tax Act, 1961
*No medicals up to the Sum Assured of Rs. 20,00,000, 2 Based on the option chosen