TATA AIA Life Insurance FAQs

Tata AIA Life Insurance has multiple options available for renewal premium payment. The process of renewal is hassle-free and quick.

Tata AIA Life Term Insurance plans provide tax benefits according to the current income tax laws. The policies provide benefits under section 80C and 10D of the Income Tax Act.

You can return the policy stating the reasons why you disagree with terms and conditions of the policy within the free look period as per regulations of IRDA. For Life Insurance policies, the free-look period starts 15 days from the date of receiving policy documents.

Yes, you add riders to your insurance policy at the time of purchase or you can add the riders at the anniversary date of issuance of your life insurance by submitting a duly signed request to the insurance provider.

Tata AIA Life offers claims payout to the claimant through NEFT(National Electronic Fund Transfer) or by Cheque.

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.

Tata AIA Life has featured a high claim settlement ratio of 99.06% in the FY 2019-20.

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.

Yes, Tata AIA Life Insurance covers death caused by COVID-19.

Tata AIA Life Insurance provides the facility of online payment of premiums through Net Banking, Debit/Credit cards, Bill Desk and NEFT.

You should choose the policy that best suits your needs depending on your insurance objectives, your income, your existing policies (if any), your assets, liabilities, your expenses.

Tata AIA Life Insurance offers six term insurance plans, namely Tata AIA Life Insurance Sampoorna Raksha, Tata AIA Life Insurance Sampoorna Raksha+, Tata AIA Life Insurance iRaksha TROP, Tata AIA Life Insurance Maha Raksha Supreme, Tata AIA Life Insurance Sampoorna Raksha Supreme, Tata AIA Life Insurance Saral Jeevan Bima.

Tata AIA Life Insurance offers traditional riders as well as ULIP riders. The traditional riders include Tata AIA Life Insurance Waiver of Premium Plus (WOPP) Rider, Tata AIA Life Insurance Non Linked Comprehensive Protection rider, Tata AIA Life Insurance Non Linked Comprehensive Health Rider, and Tata AIA Life Insurance Accidental Death & Dismemberment (Long Scale) (ADDL) Rider. The ULIP riders include Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider, Tata AIA Life Insurance Waiver of Premium (Linked) Rider, Tata AIA Life Insurance Linked Comprehensive Protection Rider, Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider, and Tata AIA Life Insurance Linked Comprehensive Health Rider.

Accidental Death and Dismemberment rider is an optional additional rider that can be purchased at an extra cost that provides financial support at the time of unforeseen death of the policyholder caused by an accident or provides financial support in case of critical dismemberment.

Waiver of Premium Plus (WOPP) Rider by TATA AIA Life Insurance is an optional premium paying rider that ensures continuous insurance benefits, even in case of non-payment of premiums under the base plan, due to total and permanent disability, or death of the policyholder.

Yes, by adding riders your life insurance premiums will increase.

Yes, it is important to declare personal habits like consumption of tobacco/alcohol because consumption of either of them is not suitable for health and involves high-risk. Hence, the premium amount differs for people who consume tobacco/alcohol and for those who don’t.

If you are young and you want to buy a Tata AIA Life Insurance Policy, the premium that you would have to pay is low.

The age of the policyholder, gender, lifestyle, job, medical history, type of policy, tenure of the policy, sum assured, and riders purchased (if any) are some of the key factors based on which the premium for TATA AIA Life Insurance plans is determined.

Yes, the Tata AIA Life Insurance Premium Calculator is completely safe to use. Take note that the data entered is safe from online scams and frauds. At InsuranceDekho, we provide safe calculation of premiums.