Tata AIA Term Plans Features, Benefits and Eligibility Criteria - IIFL Insurance

All you need to know about Tata AIA Life Insurance Online Term Plan

If you have a busy lifestyle then, you need to consider buying an insurance policy. This is because it will help your family during critical situations to overcome financial burdens.  

Since uncertainties can happen at any time in your life, you need to be prepared to minimize risks. Therefore, having a term insurance plan will help you to protect your loved ones from unexpected expenses. 

Ravi is working in a private limited company and wants to ensure his family can have a happy life even in his absence. As a result, he bought a term insurance plan. Unfortunately, Ravi met with a road accident and died on the spot. What will his family do now? His family claimed the insurance amount and continued with their regular lives even in his absence.

Therefore, you should ensure that your family doesn’t face any issues during unprecedented circumstances. Having a term insurance plan will offer solutions for all your problems, and you must know about the same in detail. 

What is Term Life Insurance?

A term life insurance is a simple life insurance plan that offers coverage for a specific term that safeguards your family at affordable rates. It allows your family to get a pre-determined amount in case of unfortunate death, critical illnesses, or loss of income. However, it would be best if you also considered some factors while buying a new insurance policy. Some of them include the sum assured, cover duration, claim settlement ratio, top-up, etc. 

Why should you buy Tata AIA Term Plans?

While several companies offer term insurance plans for your family protection, you should consider picking the best one among them that caters to your financial goals. Furthermore, you can get high benefits and other things which help a lot to manage unwanted issues. 

Tata is one of the topmost insurance companies in India that offer various term plans with several advantages. Some of them include:

Benefits of Tata AIA Term Insurance

  • Flexible payment options 
  • A high percentage of claim settlements 
  • Tax benefits
  • Low premium prices 
  • Life coverage up to 100 years 
  • Attractive riders 
  • Coverage for critical illnesses 
  • High life insurance amount 
  • Coverage for temporary or permanent disability 

Know more about Tata AIA Term Insurance Plans 

Before buying a Tata AIA term insurance plan, you should know about different plans in detail as it will help you select the right one that suits your requirements and budget.  

4 Best TATA AIA Term Plans

  1. Tata AIA life insurance Maha Raksha Supreme 
  2. Tata AIA Life Insurance Sampoorna Raksha
  3. Tata AIA Life Insurance Sampoorna Raksha+
  4. Tata AIA Life Insurance iRaksha TROP

1. Tata AIA life insurance Maha Raksha Supreme 

This plan has an inbuilt payout accelerator that pays 50% of the basic sum assured regarding terminal illness diagnosis. You can pay your premium monthly or a single premium based on the choices. Furthermore, it allows you to increase your coverage at a later point with a life stage plus feature. The policy provides more discounts on your premium rates when you opt for higher protection. You can get coverage until you reach age 85 or 100 years. Apart from that, you can choose one or more benefit options while choosing additional coverage.

2. Tata AIA Life Insurance Sampoorna Raksha

It is a pure term insurance plan that provides more protection for your family. The policy is an extended life cover, and you can buy the same at the best rates. In addition, you can pay standard premium prices when you are a non-smoker. Make sure that you meet the eligibility criteria before choosing this policy. 

3. Tata AIA Life Insurance Sampoorna Raksha+

The policy offers coverage for you up to 100 years or a term up to 40 years. You can choose between two death benefit options under this plan. Another thing about this policy is that you can ensure regular monthly income for up to 10 years. Besides that, the plan enables you to get all premium refunds if you survive till maturity. 

4. Tata AIA Life Insurance iRaksha TROP

This Tata AIA life insurance online term plan allows your family to receive a sum higher than the sum assured or ten times the annual premium or 105 times the total premiums paid. Apart from that, it allows you to get premium refunds on policy maturity. At the same time, you can buy this plan only through the insurer’s website and get more details before buying. 

How to calculate your premium amounts?

As a new policy buyer, you should know the factors that will affect your premium rates with more attention. You can use the Tata AIA term plan calculator online by entering specific details correctly. Moreover, you can consult with insurance experts and others when purchasing a policy. This, in turn, gives ways to select a plan which fits your budget and needs.

Tips to buy Tata AIA insurance online

  • It would help if you ascertained your Tata AIA term plan using some human life calculators to help get more information. 
  • Read the product details properly to know the inclusion and exclusion of the policy.
  • Visit the official website of the Tata AIA insurance, where you can find the details, including premium rates, in one place. 
  • Answer some questions on the website, such as past medical history, income, number of dependents, etc. 
  • Upload all the necessary documents that support your details 

 

Buying a new term insurance plan is challenging because it involves several factors, and you should follow them correctly. Tata AIA life insurance plans are affordable, and you can secure your family from uncertainties such as illness and death. Visit iiflinsurance.com and make sure that you select the best plan after doing thorough research. This will help meet essential needs in the coverage plan to witness peace of mind from potential risks. 

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