Tata AIA Term Insurance for NRI

Note: Know more about what is term insurance first before reading this article.

What is TATA AIA Term Insurance for NRI?

Tata AIA Term Insurance offers comprehensive range of pure risk protection plans for the NRIs to secure the financial future of their loved ones in their absence. Since these plans are designed specifically to fit the needs of the NRIs, the plans offer large life cover at affordable premiums and flexible policy features to fit the NRI’s individual needs. With a Claim Settlement Ratio (CSR) of 98.53%, Tata AIA Term Insurance is one of the most trusted insurers in the country. You can select from the various term Insurance plans provided by the insurer and purchase the one term plan that fits your needs. 

Why Should NRIs Buy Term Plans from Tata AIA Term Insurance?

Here are the reasons why NRIs should buy the Tata AIA Term insurance policies:

• Financial Security for Your Loved Ones: Tata AIA Term Insurance for NRI plans are crafted to offer financial security and peace of mind to your loved ones in the event of an unfortunate occurrence. The payout from these plans can assist your family in sustaining their lifestyle, covering necessary expenses, and even pursuing long-term financial objectives such as education and retirement.

• Comprehensive Coverage Options: Tata AIA Term Insurance for NRI plans offers a wide range of insurance products customized to suit various life stages and requirements. Their diverse portfolio ensures you can find a plan that aligns perfectly with your financial goals and requirements.

• Affordable Premiums: Tata AIA Term Insurance offers comprehensive plans, like term life insurance plans, at very affordable premiums, so that you can financially secure your loved ones without any hassle. 

• Tax Benefits: Choosing Tata AIA Term Insurance for NRI policies not only safeguards your financial future but also offers tax advantages under Section 80C and Section 10(10D) of the Income Tax Act, 1961. This makes Tata AIA a prudent selection for your insurance requirements.

• Secure Family from Liabilities: The Tata AIA term insurance for NRIs can be purchased under the Married Women Property Act to secure the future of your family against liabilities in your absence.

What are the Tata AIA Term Insurance for NRI Plans?

Here are the TATA AIA Term Insurance for NRI plans: 

1. Tata AIA SRS Vitality Protect

   • Provides life insurance for your family's financial security in case of terminal illness or death.

   • Get up to a 15% renewal discount on premiums through Tata AIA Vitality Health and Wellness Status.

   • Enjoy a free annual health test with your life insurance through the Tata AIA Vitality Program. Increase your life cover by up to 15% based on your wellness status after the premium payment term. The wellness program offers a guaranteed 5% discount on your first-year premium payment for the plan.

2. Tata AIA Sampoorna Raksha Supreme

   • Choose from various Death Benefit options:

     • Life Option

     • Life Plus Option

     • Life Income

     • Credit Protect

   • Choose Whole Life coverage (up to age 100)

   • Add to your Sum Assured through top-ups

   • Receive 50% of the Basic Sum Assured in case of a Terminal illness diagnosis with the inbuilt Payor Accelerator benefit

   • Get Income payouts starting at age 55, 60, or 65 for a secure future

   • Access medical second opinions, medical consultations, and personal medical case management

   • Customize your Policy Term and Premium Paying Term to your needs

   • Enjoy lower premium rates for females

   • Tax benefits under applicable sections of ITA, 1961.

3. Tata AIA Maha Raksha Supreme

   • Life coverage available up to age 85 or the option for Whole Life coverage (up to age 100).

   • Included Payout Accelerator Benefit advances 50% of Basic Sum Assured in case of Terminal Illness diagnosis.

   • Easily increase coverage at significant life events with the Life Stage Plus Option, no need for new medical underwriting.

   • Enhance protection with available Riders.

   • Females enjoy discounted rates, while non-smokers receive standard premiums.

   • Eligible for tax benefits in accordance with applicable tax laws.

How to Buy Tata AIA Term Insurance for NRIs?

Here is how you, too, can buy Tata AIA term plans for NRIs online from the comfort of your home.

• Step 1: Visit the term insurance for NRI page

• Step 2: Submit the form after selecting your country of residence, filling in your name, gender, date of birth, email id, and mobile number

• Step 3: Answer questions regarding your occupation and annual income, along with your smoking and educational background

• Step 4: Select the most suitable Tata AIA term insurance for NRI and proceed to pay

• Step 5: Choose your preferred payment method to pay and complete the purchase.

What Documents are Required for Tata AIA Term Insurance for NRIs?

Here is a list of documents required to buyTata AIA Term Insurance for NRI plans:

• Photo

• Valid Visa Copy

• Foreign Address Proof

• Passport front and back side

• Employment ID Proof

• Last Entry-exit Stamp

• Last 3 month’s salary slips

• Last 6 month’s bank statements

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