Tata AIA Term Insurance FAQs

Tata AIA Life Insurance offers a grace period of 15 days for monthly premium payments and 30 days for quarterly, half yearly and yearly premium payments.

Yes, Tata AIA Life Insurance offers a grace period of 5 year in case you are unable to pay due premium within the grace period. You can revive the policy within 5 years from the date of first unpaid premium.

No, Tata AIA term insurance plans do not cover death due to suicide.

1-860-266-9966 is the toll-free customer care contact number of Tata AIA Life Insurance Company.

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 starts15 days from the date of receiving policy documents.

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

It takes 30 days for the insurance company to settle the claim after the claim has been intimated and the necessary documents are received. At times when investigation is involved then it takes 90 days to settle the claim.

Yes, the claimant can check the claim status online at the Tata AIA Life website.

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

A life insurance plan that provides financial protection and stability to the policyholder’s family in case of unforeseen events. Term plans provide higher cover at an affordable premium rate.

Yes, you add riders to your term 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.

Different death benefit payout options available for Tata AIA term insurance plans are lump sum, instalments(upto 120 months) or part lump sum part instalments.

You can choose to pay premium annually, half-yearly, quarterly or on a monthly basis for Tata AIA term insurance plans.

Sampoorna Raksha Supreme plans has 4 plan options namely Life, Life Plus, Life Income and Credit Protect options.

Maximum maturity age for Tata AIA term insurance plans is 85 years.

Riders offered with Tata AIA Sampoorna Raksha plan are namely Tata AIA Life Insurance Accidental Death and Dismemberment(Long Scale), Tata AIA Life Insurance Comprehensive Protection and Tata AIA Life Insurance Comprehensive Health rider.

Yes, personal habits like smoking can increase the premium because smoking can affect the health of an individual. It increases the risk involved.

Tata AIA Term Insurance premium calculators are easy to use and can help a potential buyer to estimate the amount of premiums before actually purchasing the term insurance policy.

Yes, by adding riders your life insurance premiums will increase because riders are purchased at an extra cost to provide additional benefits with the life insurance policy.

Policyholder’s age, sum assured, gender, lifestyle ,job , medical history, type of policy and tenure of the policy and Riders(if any) are some of the factors that determine the premium of Reliance Life Insurance Plans.