Term Plans
NRIs living outside India may want to buy term plan to secure the future of their loved ones in their absence at affordable premiums. With Tata AIA term insurance plans, NRIs can secure their loved ones by purchasing the plan at low premium rates without travelling back to India. They can clear their medicals online via tele or video channels and get special GST waivers on the premiums paid.
Let us learn more about Tata AIA term insurance for NRIs in India:
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
Note: Know more about what is term insurance first before reading this article.
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.
Term Plans
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.
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Here are the TATA AIA Term Insurance for NRI plans:
Term Plan | Entry Age | Maturity Age | Sum Assured | |
Tata AIA Sampoorna Suraksha Supreme | 18 - 60 years | 100 years | Rs. 5 Lakhs - 20 Crores | |
Tata AIA SRS Vitality Protect | 18 - 60 years | 85 years | Rs. 50 Lakhs - 2 Crores | |
Tata AIA Maha Raksha Supreme | 18 - 60 years | 85 years | Rs. 2 Crores - 20 Crores |
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.
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.
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.
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.
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