TATA AIA Term Plan Calculator 2024 helps customers calculate the premiums payable for their desired term insurance plan. Using this Tata AIA calculator, you can plan your finances better, knowing how much of your income will be spent on the premiums and how much returns you can expect on survival. This term calculator can compare the premiums and select the plan with the most suitable features and benefits.
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Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
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We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
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The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
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Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
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In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.
Tata AIA Term Insurance Calculator is an online tool that helps customers accurately calculate the premium amount they need to pay for the desired life cover for their ideal Tata AIA Term Plan. This tool is easy to use, cost-effective, and time-saving as you can perform complex calculations within seconds using the Tata term plan calculator. You can find the most suitable Tata AIA term insurance plan for yourself by altering your requirements, such as life coverage and policy terms, in the calculator.
Step 2: Select your suitable age, gender, life cover, and cover till age in the drop-down sections
Step 3: The lowest monthly premiums applicable will be shown on the calculator
Step 4: Click on the ‘View Plans’ section to see the available plans and compare them online
Calculate your premium in just a few minutes with Tata AIA's term insurance calculator and enjoy financial clarity! Our calculator helps you find the term insurance policy that fits your needs and budget.
What Are The Key Reasons For Using Tata AIA Term Plan Calculator?
The key reasons to use the TATA AIA term insurance plan calculator are as follows:
Compare Premium Rates: You can easily compare term insurance premium rates between the wide range of insurance plans.
Choose a Budget-Friendly Plan: The Tata AIA Term Plan Calculator helps the customer to decide whether a particular plan fits into their budget or not.
Know Life Cover, Premium And Policy Term: You can get a clear idea of your life cover, premiums and the time period for insurance too .
Cost-Free: It can be done free of charge and online, which means it can be done from the comfort of the policyholder’s home.
Knowledge Before Buying: The policyholder gets thorough information on a particular life insurance plan before buying it, and he/she also gets to know the minimum and maximum age for them when the policy gets matured.
What are the Benefits of Tata AIA Term Plan Calculator 2024?
There are many advantages to using Tata AIA Term Plan Calculator. Calculating the premium before finalizing on any insurance helps the customers a lot. Tata AIA Term Plan Calculator can help differentiate between various plans and help select the plan that is suitable for the policyholder. Some of the advantages of using the Tata term plan calculator are given below:
Clarity on the Insurance Plan Details
Using the term plan calculator can help the policyholder to get a clear idea of the insurance plan and premium rates of particular insurance before choosing to purchase it.
Time and Cost-Efficient
This calculator can be used online for free. Thus, this saves the time that it takes for the customer to wait in line at the office for calculating their premium rates. Since it is free, it saves the money that is spent on visiting the company’s office and making such complex calculations manually.
Convenient and Quick
You don't need to give any documents or go through any extra steps to get your premium estimates with a Tata AIA term plan calculator. Once you have your quotes, you can purchase your Tata AIA term plan right away.
Knowing Premium Amount in Advance
Knowing the premium amounts of a policy beforehand saves the customer from uncomfortable situations like delays in the premium payments or if the customer couldn't afford to pay a premium. By knowing the premium rates and the term for their policies, the policyholder can prepare before paying their premiums.
Check Premium for Multiple Policies
The policyholder can check premium for multiple policies in the term Insurance calculator if they are willing to take multiple policies from the insurance company.
Things to keep in mind before using Tata AIA Term Plan Calculator
Several basic information is needed while using the Tata AIA Term Plan Calculator 2024 online. Here are some points that need to be kept in mind before using the Tata AIA Term Plan Calculator:
Personal Information – Full Name, Age, Date of Birth, Gender, Address, E-mail ID, Contact Number, Salary per Annum, Loan Amount, Marital Status, Debts, etc.
Required Sum Assured - Sum assured amount that is needed for life insurance coverage.
Health information – Information about any critical illnesses like Cancer and other habits that are harmful to health, like smoking.
Assess Requirements - An estimated amount is needed to fulfil the future financial goals and dreams of the customer. Dreams and plans of the policyholder's family etc.
*Note: Policybazaar provides you with 100% claim assistance. You can contact Policybazaar dedicated claim assistance team to get 24x7 guidance and support for all your claims related queries.
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Why Should You Buy Tata AIA Term Insurance Plan?
Here are reasons to buy Tata AIA Term Insurance Plans:
Claim Settlement Ratio (FY 2022-2023)
99.01%
Families protected (till 2024)
72 Lakh+
Express Claim Settlement
Claim settled within 4 hours
PAN India presence
400+ Branches
Payment Convenience
Flexibility to choose payment mode as per your convenience
Some of the other significant benefits of buying this Tata AIA Life Insurance are discussed below:
Coverage Policy
Tata AIA Term Insurance has life coverage up to 85 years of age. Some policies of Tata AIA have life coverage up to 100 years of age of the policyholder. This is one of the highlighted benefits of Tata AIA Term insurance, among the other insurances that are available on the market.
Life Stage Milestone Options
The cover on the existing policy can be increased to a higher amount during the policyholder's life milestones like – marriage, the birth of a child, retirement, etc. By increasing the life cover on the already existing policy saves the policyholder from the trouble of getting a new policy.
Discounts on Premium
Discounts are provided for premium rates of the policies with a higher sum assured amount in them. Tata AIA term insurance even provides discounts for women and non-smokers.
Riders
Some add-on riders are also available in Tata AIA Term Insurance. This scheme helps the policyholder at the time of death, accidental deaths, disability, critical illnesses, and terminal illnesses. All of these risk factors have a probability of arising in any policyholder's life at any time.
Affordability
Tata AIA offers premium rates to fit the convenience of its customers. They offer premium payment options like – monthly, quarterly, semi-annually, and yearly for the policyholder to pay the premiums as per their suitability. The customer can choose among these options and select a plan that suits them and comes under their budget line.
Claim Percentage
Tata AIA life insurance provided a CSR of 98.53% in the FY 2021-22, which means they settled most of the claim requests received in the year. This is also one of the significant benefits of Tata AIA term insurance. Customers can register their claim requests online to get their claims settled as soon as possible from the comfort of their homes.
A1. Yes. If the policyholder's death happens due to suicide, then the beneficiary or the Nominee gets the higher of the death benefit, which is at least 80% of the total premiums paid till the death date, or the surrender value.
A2. The death benefit payable to the Nominee is the sum assured on death along with the additional sum assured under the life stage plus option. Sum Assured on death is the basic sum assured, ten times the annualized premium and 105% of total premiums paid up to the date of death.
A3. There are a few additional benefits to Tata AIA. Life Insurance like ADDL (Accidental Death and Dismemberment Long Scale) and other riders that ensure to pay the Nominee the sum assured amount that is to be paid at the end of the policy.
A4. Yes. The Tata AIA Term Insurance can be calculated online for free on the official website of Tata Life Insurance by providing a few basic details of the customers.
A5. Yes. A policy can be taken online in Tata AIA Insurance. The customer needs to provide a few basic details and upload a few documents if necessary to get their policies approved online.
A6. The highest sum assured by Tata AIA is 1 Cr. and above. It depends on the plan or the policy that the customer chooses to be the best fit for them.
A8. Yes. The tax benefits of the policies will be provided by the Tata AIA Insurance under the tax benefits laws. Tata AIA Insurance tries its best to meet the customers' needs through any mode of tax benefit they could afford.
*Standard T&C Apply
*Tax benefits are subject to change as per tax laws.
A9. The eligibility criteria for getting a policy in Tata AIA Insurance is – Minimum age 18 to maximum age 70, Basic sum Assured, Salary per annum, Premium payment modes, Maturity age, and Plan options. (Plan option depends on the mode of payment or the type of plan chosen by the customer).
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
The LIC New Bima Gold Calculator is an online tool offered by the Life Insurance Corporation of India (LIC). It
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Tata AIA Term Plans Reviews & Ratings
4.6 / 5 (Based on 62 Reviews)
(Showing Newest 10 reviews)
Suresh
Karnataka, July 22, 2024
★★★★★
Very Patient Support Team
The customer support team was very patient and guided me through the process.
Ma
West Bengal, July 22, 2024
★★★★★
All Queries Answered
The customer support team was very responsive and answered all my queries promptly.
Babu
Gujarat, July 22, 2024
★★★★★
Wide Range of Policies
PolicyBazaar has a wide range of policies to choose from.
Som
Telangana, July 22, 2024
★★★★★
Customized for My Needs
PNB MetLifes Mera Term Plan allowed me to customize my policy with benefits like increasing cover and accidental death benefit. As a freelancer, this flexibility was exactly what I needed to ensure my familys security.
Ajay
Uttar Pradesh, July 22, 2024
★★★★★
Trusted and Respected
Policybazaar really helped me understand what is term insurance and helped me buy an affordable plan from ICICI.
Pooran
Tamil Nadu, July 22, 2024
★★★★★
Secure Future for My Parents
Being the sole breadwinner, I was worried about my aging parents. SBI Lifes eShield Next plan provided the ideal coverage with additional benefits like terminal illness cover. Now I am confident their future is secure.
Rakesh
Punjab, July 22, 2024
★★★★★
Secure and Simple
Secure and simple coverage for my family with ICICI Prudential via Policybazaar. Its comforting to know they are protected.
Rahul
Delhi, July 22, 2024
★★★★★
Fast and Convenient
Fast and convenient service from Policybazaar helped me choose Bajaj Allianz.
Jamil
Uttar Pradesh, July 22, 2024
★★★★★
Easy and Reliable
Easy and reliable service from Policybazaar helped me select a term insurance plan from LIC.
Aslam
Gujarat, July 22, 2024
★★★★★
Clear and Comprehensive
Clear and comprehensive information on Policybazaar led me to choose HDFC Life for my term insurance needs.