“Policybazaar is suggested by one of my friend, So i took it from Tata AIA term insurance plan. Staff members and executives of policybazaar provides good and quick services. Policy coverage is good approx. 90 percent but the premiums are normal. Good terms in compare with other companies. Good future investment with tax saving.” – Gatik, Srinagar
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++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
Note: Know more about what is term insurance first before reading this article.
Gatik, from Srinagar secured his family's future by simply choosing the Tata AIA Life Insurance Plan. With flexible benefits customized to the customer’s lifestyle and needs, Tata AIA Life Insurance ensures the safety and well-being of loved ones in unforeseen circumstances.
Let’s understand about Tata AIA Return of Premium Term Plan and its key features and benefits.
Tata AIA Life Insurance is one of the leading insurance companies in the Indian Private Sector. It offers various insurance products such as term, ULIP, savings and retirement plans to help individuals and families protect their financial future in the event of life's uncertainties. Tata AIA Return of Premium Term Plan provides you dual benefits, i.e. death benefit to your nominees upon your untimely death and survival benefit in case you outlive the policy term.
Term Plans
Below are some reasons why you can consider buying the Tata AIA Return of Premium Term Plan:
Comprehensive Plans: Tata AIA Life Insurance offers a diverse range of plans, including Term life insurance, Retirement, Investment, child, and investment plans. You can easily use Policybazaar to buy the Tata AIA Life Insurance Plan that aligns with your budget and requirements.
Online Buying Convenience: Tata AIA Life Insurance offers a quick and hassle-free online purchasing process for life insurance plans. Each policy offers various options to suit both your budget and needs. You can buy Tata AIA Life Insurance from Policybazaar and avail an extra 10% online discount.
High Claim Settlement Ratio: Tata AIA Life Insurance has a remarkable CSR of 99.01%, in the financial year 2022-23. A higher CSR signifies the reliability of the insurance company in settling claims.
Cost-Effective Coverage: Tata AIA Life Insurance provides comprehensive life coverage at affordable premium rates, thereby, providing multiple options within an affordable range.
Quality Customer Service: Tata AIA Life Insurance prioritizes affordable premium rates and values its clients. The customer care service of this insurer is available 24x7 on their official website and can be contacted through their toll-free number to address any queries. You can also contact Policybazaar’s insurance advisors to solve queries and doubts regarding the TATA AIA Life insurance policy that you buy.
4 Hours Express Claim Settlement: With ‘Express Claims’, Tata AIA provides claim settlement to the nominees of the deceased policyholders within 4 hours of claim intimation.
Tax Benefits: Premiums up to Rs. 1.5 Lakh per year are tax-exempt under section 80C of Tata AIA’s term insurance plan and life insurance plan. Moreover, the life cover paid to your nominee is completely tax-free under section 10(10D) in case of your unfortunate death.
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Tata AIA Maha Raksha Supreme Select Plan is a comprehensive protection plan that comes with dual benefits of death and maturity benefits, i.e in the unfortunate event of your demise, your family will receive the life cover as death benefit. With 7 plan options to choose from, the Tata AIA Maha Raksha Supreme Select Plan is one of the best ROP Plans offered by TATA AIA Life Insurance.
Below listed are the key benefits of the Tata AIA Maha Raksha Supreme Select Plan:
Maturity Benefits: 100% of Total Premiums Paid as maturity benefit under Life Secure Plus, Step-Up Secure Plus, and Joint Life Secure Plus Options.
Plan Options: 7 plan options to choose from, i.e. Life Secure, Life Secure Plus, Joint Life Secure, Joint Life Secure Plus, Step-Up Secure, Step-Up Secure Plus, and Legacy Secure Plus.
Payor Accelerator Benefit: 50% of base sum assured as lump sum on Terminal Illness diagnosis; future premiums waived.
Life Stage Option: Increase coverage at marriage, birth/adoption of 1st & 2nd child, or home loan disbursal.
Top-Up Benefit: Annual increase in life cover to address inflation and rising needs.
Education Secure: Added protection for education expenses of up to 3 nominated children.
Cover Continuation Option: In Joint Life Secure, surviving spouse may continue coverage with Single Premium policy.
Premium Discount for Women: Lower premium rates for females.
Optional Riders: Add-on riders available for enhanced coverage.
Renewability Option at Maturity: Option to renew term plan at maturity, up to 5 times.
Flexibility: Choice of policy term and premium payment term (single, limited, or regular premium payment).
Tax Benefits: Premiums and payouts eligible for tax deductions/exemptions under Sections 80C and 10(10D) of Income Tax Act 1961.
Gatik made a good choice by buying the Tata AIA Life Insurance Plan. It will help him protect his loved ones from future financial burden. The Return of Premium option in this plans allows him to get back all his premiums paid policy after maturity, i.e. an amount equivalent to 100% of the total premiums paid. Gatik easily bought the plan from Policybazaar and he was also promised 100% Claims Assistance.
Note: Check out the best term insurance plan in India and choose one that suits your requirements.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
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
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.