TATA AIA Life Insurance Claim Settlement
The CSR or Claim Settlement Ratio is the proportion of claims an insurance company paid out compared to the total number of outstanding claims they received during a financial year.
A high CSR means that the insurance provider is reliable as they have honoured the claims made by the policyholders. So, make sure that you compare the CSR of different insurance providers available in the market before choosing one for yourself.
Claim Settlement Ratio of Tata AIA Life Insurance
The Tata AIA has a Claim Settlement Ratio of 99.13% FY 2023-24 (1). This means that the company is reliable and will pay out your claim in times of need. The consistently higher CSR also makes the very trustworthy to its customers, as they can depend on the insurer to solve their financial needs during difficult times.
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Tata AIA Life Insurance Claim Initiation
Follow the below-mentioned steps for the Tata AIA Life Insurance claim initiation procedure.
How to File a Claim?
Step 1: Open the Official Website of Tata AIA
Open the official website of Tata AIA and click on the “Customer Service” option. After that, click on the “Claim With Ease.”
Step 2: Register Your Claim
You’ll be redirected to a new web page where you have to click on the “Register Claim Online” option.
Step 3: Fill Out the Information
Then, fill out the required information, such as your policy number, DOB, mobile number, and email ID. After that, click on the “Authenticate” option.
Step 4: Upload Your Documents
On the new page, upload all the required documents. Once the insurer verifies these documents, the claim amount will be disbursed.
With Tata AIA, there are several other options to file a claim:
Call their customer care number at 1-860-266-9966
Type CLAIM & send a WhatsApp message to +91-7045669966
Download the claim form and visit any of their branch offices
Email at claims@tataaia.com
Send your query by post at:
Tata AIA Life Insurance Company Limited,
Claims department:
9th Floor, B wing,
I-Think Techno Campus (Lodha)
Behind TCS, Pokhran Road No.2,
Thane(West), Mumbai - 400 607
In the next section, we will talk about what are the necessary information required to fill up the claim form.
Details to be Filled in the Tata AIA Life Claim Form
While filling up the Tata AIA claim form, you need to fill in the following details.
Details Of Life Assured
Policyholder’s personal information, such as their name, father’s name, address, mobile number, email ID, and policy number is needed.
Claimant Details
Claimant Details, including Claimant Name, DOB, Address, Contact details, relation with Life Assured, PAN, bank details, etc.
Supporting Documents
With the duly filled claim form, you will also need to attach some other supporting documents, including death certificates, medical reports, policy documents, and others, as per the insurer’s request.
Claim Process of Tata AIA Life Insurance
The claim settlement process of Tata AIA is simple yet effective, as explained below.
Step 1: You can register your claim online or download the claim form from the official website of Tata AIA.
Step 2: Provide the insurer with the required documents while filing the claim.
Step 3: Upon receiving your claim, the insurer will check and verify all the documents that you have submitted.
Step 4: Once the company has verified your documents, they will approve the claim and disburse the amount to the respective bank account.
How To Check the Tata AIA Life Insurance Claim Status?
The Tata AIA Life Insurance gives you the flexibility to track your claim in both online and offline mode.
Online
Step 1: Open the official website of Tata AIA. Hover on the “Customer Service” option, then click on the “Claim With Ease” option.
Step 2: On the new page, scroll down, and you will find the “Track Your Claim” option. Under that option, you will find “Individual Policy” and “Group Policy”.
Step 3: Click on the policy that you want to access.
Step 4: On the new webpage, enter your “Policy number” and “Case number.” Click on the “Show Status” option.
Offline
If you want to know the claim status offline, reach out to the Tata AIA Life Insurance support team via their helpline number at 1-860-266-9966 (10:00 AM to 7:00 PM IST, Monday to Saturday)or you can also visit the nearest branch office of the insurer (2).
Alternate Method
If you have bought the Tata AIA life insurance policy via InsuranceDekho, reach out to our customer support team at 755 1196 989 to know the claim status or write an email to support@insurancedekho.com.
Tata AIA Life Insurance Claim Settlement Time
Tata AIA Life provides life insurance plans that have four-hour express claim settlement benefits. A few of the online life insurance plans have 24-hour claim settlement features as well.
Tips to Get Your Claim Settlement Faster
Here are a few tips to get your claim settled faster.
Follow-Up Regularly
Regularly follow up with the insurance provider about the status of your claim. You can check it online, call their customer care or visit any nearest branch office.
Understand Your Policy
Have a clear understanding of your policy’s terms and conditions. This knowledge will help you in avoiding any false expectations from your policy.
Be Honest
While filing any claim, maintain honesty and transparency with the insurance provider. Any dishonesty will delay the claim settlement process.
On-Time Premium Payment
Pay all your premiums on time and keep your policy active because the insurer only pays the claim amount to active policyholders.
Update Your Profile
Keep your profile updated, as it will help to process your claim smoothly. If you don’t update information such as nominee details, your address, or your mobile number, then it might create problems while processing the claim.
Tata AIA Life Insurance Claim Assistance & Support
We are available 24*7 to help the Tata AIA life insurance policyholders whenever assistance is required. You can get in touch with our customer support team via the below two channels.
Call: Call at 755 1196 989; the number is operational 24*7 except on national and gazetted holidays.
Email: If you prefer emailing, reach out at support@insurancedekho.com.
References
https://www.tataaia.com/customer-service/easy-claims.html https://www.tataaia.com/contact-us.html?contactUs-2.html
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FAQs
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How will I receive the claim payout?
Tata AIA Life offers claims payout to the claimant through NEFT(National Electronic Fund Transfer) or by Cheque.
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How can I file a claim for my Tata AIA Life Insurance policy?
The claimant can choose to file the claim online on Tata AIA Life website or by visiting any Tata AIA Life Insurance branch office to file for a claim.
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What is the claim settlement ratio of Tata AIA Life insurance?
Tata AIA Life has featured a high claim settlement ratio of 99.06% in the FY 2019-20.
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How long does Tata AIA Life Insurance take to settle a claim?
Tata AIA Life Insurance takes 30 days to settle a claim after receiving the claim intimation and documents. If in any case the claim requires investigation it takes 90 days for Tata AIA Life Insurance to settle a claim after receiving the intimation and documents.