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Tata AIA Param Rakshak Pro | TATA AIA Term Insurance Plan | | TATA AIA Param Rakshak Pro Solution |
Tata AIA Term Insurance
Tata AIA Term Insurance
Tata AIA Life Insurance is a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. The company is among the top ...Read More
99.41%
Claim settlement ratio
31,483.60 crores
Annual Premium
6
Active plans
1.8x
Solvency ratio
🛡️ IRDAI Approved
⭐ 4.6/5 · 937 reviews
✅ 99.41% claim settlement ratio
📊 1.8x solvency ratio
🌐 500+ pan-India
What you get with Tata AIA Term Insurance
The headline features and policy mechanics, at a glance.
Annual Premium 31,483.60 crores
Affordable premium options starting from entry-level to comprehensive whole-life protection.
99.41% claim settlement ratio
Industry-leading approval rate on eligible term insurance claims in the most recent fiscal year.
1.8x solvency ratio
Well above IRDAI's 1.5× floor — strong indicator of long-term claim-paying ability.
6 active term plans
Choose from level cover, increasing cover, and return-of-premium variants.
5+ optional riders
Extend a base policy with add-on covers — critical illness, accidental death, waiver of premium and more.
500+ pan-India presence
Branch offices and claim service centres across India for easy policy servicing.
Tata AIA Term Insurance: Overview
Tata AIA Life Insurance is a joint venture between Tata Sons and AIA Group. It is a leading life insurance provider in India with a strong presence across multiple Asia Pacific markets. As per The Hindu Business Line, Tata AIA had a market share of 27% in the life insurance business in 2022-23. They offer a range of life insurance products, including term plans, saving plans, child plans, and retirement plans.
Tata AIA Term Insurance offers financial coverage to your loved ones in case of your unforeseen demise during the policy tenure. You can buy a ₹1 crore term insurance from Tata AIA for premiums starting at just ₹483 per month. You can also use the Tata AIA term insurance premium calculator to determine the approximate premium.
Key Benefits of Tata AIA Term Insurance:
- 99.41% claim settlement ratio
- Up to ₹4 crore sum assured
- ₹1 lakh crore+ assets under management
- Flexible premium payment options
- Wide network of branches
- Affordable premiums
- 85 lakh+ families protected to date
- Additional riders to choose from
Video reviews
Tata AIA Term Insurance Plans
Types of Tata AIA Term Insurance Plans
Every plan currently being sold by Tata AIA Term Insurance, shown side-by-side so you can shortlist quickly.
Tata AIA Maha Raksha Supreme Select Plan
Tata AIA Maha Raksha Supreme Select is a pure term insurance plan that protects your family's lifestyle, secures long-term objectives, and helps repay...
Unique Features
- Flexible death benefit options
- Whole life cover
- Super Retirement Benefit (Life Secure Options)
Tata AIA Sampoorna Raksha Promise
Sampoorna Raksha Promise by Tata AIA Life Insurance is a pure-term insurance plan that offers financial protection to your loved ones in case of your ...
Unique Features
- 4 Plan Options
- Joint Life Option
- Instant Payout on Claim
TATA AIA Maha Raksha Supreme
TATA AIA has introduced a term plan which covers you for terminal illnesses. You can avail of 50% of the basic sum assured in case you are diagnosed w...
Unique Features
- Life Stage Plus Option
- Payout Accelerator Benefit
- Non-smoker & Female Discounts
TATA AIA Saral Jeevan Bima
TATA AIA Saral Jeevan Bima is a pure protection plan. The plan is designed with simple terms and conditions, making it affordable and accessible even ...
Unique Features
- A simple and easy plan
- Affordable premiums
- Choose your rider options
Tata AIA SRS Vitality Protect
Tata AIA SRS Vitality is a remarkable term insurance plan that seamlessly blends two essential elements - Tata AIA Life Insurance Sampoorna Raksha Sup...
Unique Features
- Whole Life Cover
- Wellness Program
- Cover Boosters
TATA AIA Insta Protect
Tata AIA Insta Protect is a comprehensive plan protecting your family against death, disability, and disease under a single plan. The plan safeguards ...
Unique Features
- All round protection
- Loaded with features
- Very high Sum Insured
Term Plans Comparison
Side-by-side across the 3 most-bought Tata AIA Term Insurance plans on PolicyX.
| Feature | Tata AIA Maha Raksha Supreme Select Plan | Tata AIA Sampoorna Raksha Promise | TATA AIA Maha Raksha Supreme |
|---|---|---|---|
| Plan type | Term Plan | Term Plan | Term Plan |
| Sum assured | ₹ 25,00,000 to no limit | Base sum assured- Rs 25 lakhs to No limit | Base sum assured: Rs 50 lakhs to no limit |
| Entry age | 18 to 65 years | Minimum age- 18 years, Maximum age- 65 years | Minimum Age - 18 years. Maximum Age - 50 years. |
| Top benefits | Financial protection · Illness and waiver benefits | Choice of Plan Options · Instant Payment on Claim Intimation | Additional Riders · High Cover Discount |
Riders You Can Avail With Tata AIA Term Insurance Plans
Enhance your term plan with optional add-on riders for broader protection.
Riders You Can Avail With Tata Term Insurance Plans
You can avail of the following riders with your Tata AIA term insurance plans:
Tata AIA Waiver of Premium Rider
This rider waives all future premiums, and the policy benefits remain the same in case of disability, dismemberment, or diagnosis of critical illness.
Tata AIA Accidental Death Rider
This rider offers financial help to your dependents in addition to base policy benefits in case of the policyholder's death due to an accident.
Tata AIA Accidental Disability Rider
This rider offers financial benefits if the policyholder becomes partially or totally disabled due to an accident.
Tata AIA Critical Illness Rider
If the policyholder is diagnosed with any of the critical illnesses mentioned in the brochure, the rider benefits are paid.
Benefits of Tata AIA Term Insurance
Tata AIA Term Insurance is one of the most trustworthy and reliable insurer partners. Here are the reasons why you should choose Tata AIA Term Insurance Plans:
01
Wide Range of Products
Tata AIA provides five comprehensive term plans to meet the needs of varying customers. Apart from term plans, the company also offers retirement, investment, savings, and pension plans.
02
High Claim Settlement Ratio
Tata AIA Life Insurance has one of the highest claim settlement ratios of 99.41%. This indicates their efficiency in settling claims received by them.
03
Strong Financial Track Record
According to the published report by IRDAI (2023-2024), Tata AIA has a solvency ratio of 1.8, showing the company has a strong financial track record.
04
Large Network of Branches and Agents
Tata AIA has a large network of more than 500 branches and 7,000 employees working across India, making it easy for customers to receive support.
05
Hassle-Free Customer Experience
Tata AIA has dedicated customer support to provide a seamless and hassle-free customer experience since its inception.
Documents required
For policy purchase and claim submission. Have these ready before you start.
- Passport, Aadhaar card, PAN card, or Driving License.
- Passport, Aadhaar card, PAN card, or Driving License.
- Utility bill, passport, voter ID, or ration card.
- Medical records of the policyholder (if required).
- Bank statement or last three months' salary slips (for salaried individuals).
Eligibility Criteria of Tata AIA Term Insurance Plans
To purchase a Tata AIA term insurance plan, certain eligibility criteria must be met. Let's understand the eligibility criteria:
Age: Individuals aged 18 to 65 are eligible to apply for a term life insurance plan. The policyholder's age is a key factor in determining the term insurance plan's premium.
Health condition: Since a Tata AIA term insurance plan insures the policyholder's life, most insurers require a health examination to determine their current health condition and inherent risks. Honesty about your health condition and medical history is crucial to avoid issues during claim settlement.
Income: While there is no specified minimum income requirement, Tata AIA may request bank statements and salary slips to determine appropriate coverage.
Smoking habits: If you smoke or have a history of smoking, you must disclose this to the insurer, as smokers are exposed to severe health hazards like lung cancer.
Citizenship: Indian citizens can purchase a Tata AIA term insurance plan in India. NRIs and PIOs can also avail the benefits of a term insurance plan in India.
Additional Benefits Offered by Tata AIA Term Plans
Tata AIA Term Insurance Plans offer various additional benefits to policyholders. Here are some of the additional benefits offered by Tata AIA term plans:
Joint-life Coverage
Tata AIA term plans, such as Tata AIA Sampoorna Raksha Supreme, offer joint-life coverage, allowing you to cover your spouse under the same plan without additional premiums.
Policy Issuance Without Medicals
Tata AIA Instaprotect Solution is issued instantly without requiring medical tests.
Special Premium Rates for Women
Some Tata AIA term plans, such as Tata AIA Saral Jeevan Bima, offer special premium rates for women.
Special Milestone Discounts
Some Tata AIA term plans, such as Tata AIA Sampoorna Raksha Promise, offer special milestone discounts (e.g., for marriage, childbirth).
Return of Premiums Paid
Tata AIA term plans, such as Tata AIA Instaprotect Solution, return all premiums paid if the policyholder survives the policy tenure.
Types of Tata AIA Term Plans
Tata AIA offers various term plans based on features, policy tenure, and benefits. You can choose the one that best suits your needs.
Basic Term Plan
Plan Name: Plan Name: Tata AIA Saral Jeevan Bima
These plans provide a sum assured to the nominee only in case of the policyholder's death, with no survival benefits.
Term Plan with Return of Premium
Plan Name: Plan Name: Tata AIA Instaprotect Solution
These plans return the premium amount to policyholders if they survive the policy term.
Term Insurance with Monthly Income
Plan Name: Plan Name: Tata AIA Sampoorna Raksha Supreme
These plans offer a monthly income to the policyholder's dependents in case of the policyholder's demise.
Term Insurance with Critical Illness
Plan Name: Plan Name: Tata AIA Maha Raksha Supreme
These plans offer in-built coverage against critical illnesses.
Term Insurance with Accidental Disability & Death Cover
Plan Name: Plan Name: Tata AIA Maha Raksha Supreme
These plans offer in-built coverage against accidental disability and death.
How to Buy a Tata AIA Term Insurance Plan?
Step-by-step guides for the four key moments in your policy lifecycle. Click a tab to switch.
- Visit the PolicyX.com website or the Tata AIA Term Insurance official website to compare and choose a suitable term plan.
- Enter your personal details such as name, date of birth, gender, annual income, and smoking status to get a customised quote.
- Compare plan options — choose your sum assured, policy term, premium payment term, and any optional riders.
- Fill in the proposal form with your contact details, nominee information, and medical history accurately.
- Upload the required documents: identity proof, address proof, income proof, and recent photographs.
- Pay the first premium online via net banking, UPI, debit/credit card, or cheque.
- Complete the medical examination if required (depends on your age and sum assured).
- Receive your policy document via email and registered post after underwriting approval.
How to File a Tata AIA Term Insurance Plan Claim?
The claim settlement process for the Tata Term Insurance Plan is simple and hassle-free. The insurance provider gives you the option of settling a claim both online and offline. We have explained below the process by which you can easily submit and settle your claim:
Online Process
1. Claim Reporting
Report your Tata term insurance plan claim by visiting the customer support (Claim with ease) section of the Tata AIA website.
2. Claim Review
Tata AIA's customer support staff will review your claim form and assist you at every step. The staff will then evaluate your claim and notify you if any documents are still pending.
3. Claim Approval and Settlement
Your claim will be processed once the insurance company has been informed and all necessary documents have been received.
Offline Process
The Tata AIA term plan claim can be reported by visiting a local Tata AIA branch office. For details of Tata AIA Insurance branches, visit their website to locate the nearest branch. You must submit the essential documents at the branch so that your claim can be processed.
- Log in to the Tata AIA Term Insurance customer portal or the PolicyX.com dashboard before your policy renewal date.
- Review your existing policy details — coverage, premium amount, and nominee information.
- Choose to continue with the same plan or upgrade your sum assured if eligible.
- Pay the renewal premium online via net banking, UPI, debit/credit card, or cheque.
- Download the renewed policy document from your registered email or the insurer portal.
- Visit the official Tata AIA website.
- Click on 'Buy Term Plans' in the top menu.
- Fill in your details such as name, gender, email, and mobile number.
- Enter the OTP sent to your mobile.
- Provide additional details such as policy tenure, premium payment tenure, and sum assured.
- Make the payment as displayed on the payment page.
Why Choose PolicyX.com?
Don't just take our word for it — check out what our happy customers say about us!
All my claims were rejected for 3 years. Then, I received a text from PolicyX team, who noticed that my claims hadn't been settled. They managed to get my claims settled, totalling ₹4.5 L. I really appreciate the efforts of the PolicyX advisors for their support in settling my claims.
Ravindra SinghI highly appreciate the help of the PolicyX team for settling my claim of Rs. 5 Lakhs with zero deductions. I took a policy online from them in March 2024. As a customer, it's been a great experience throughout the process.
Priti VarshneyI'm very satisfied because my claim of over ₹2 L has been settled as a result of your team effort. However, I was very upset with the insurer, who delayed the claim for almost 2 months. But with your support and interaction, the claim was settled within 30 days & I appreciate it a lot.
Nisha MaryI bought my health policy from PolicyX, and so far, it's been a very pleasant experience with the team. I really appreciate the help for renewing my health policy. I look forward to continuing my relationship with PolicyX and recommend it to everyone.
Ajay ShahPolicyX has been a savior during a medical emergency in my family recently. My wife was admitted in the hospital, and the insurance company declined my claim request. The PolicyX team handled the situation very well and I received the claim right on time.
Vijay RathodI purchased a health plan for the very first time and the support by PolicyX is commendable. They helped me with the paperwork, explained the policy details to me with patience and supported me at every step of policy buying. A big thanks to you guys.
Uma MahajanFrequently asked questions
The 18 most-asked questions about Tata AIA Term Insurance, answered.
The company provides customers with a variety of convenient options to make premium payments such as Net banking /Credit Cards/Debit Cards/Paytm/Wallets etc.
Yes. If you are a smoker, you have to pay a higher premium than a non-smoker.
No, one can’t change a term plan’s specifications after buying it. However, if required, one can opt for a plan that has an increasing or decreasing sum assured.
Various documents are required to file a death claim such as photo identification proof, current address proof, canceled cheque, death certificate, proof of legal title to the claim proceeds, and cause of death–related documents.
Yes, you can change the beneficiary of the TATA AIA term plan during the tenure of the policy.
TATA AIA term plan offers a 30 days free look period to cancel your policy and the premium paid will be refunded.
No, the TATA AIA term plan does not offer maturity benefits. You can choose the Term Insurance with Return of Premium (TROP) Plan in which you can get back the premiums paid on term insurance.
Various term plans introduced by TATA AIA include TATA AIA Sampoorna Raksha Promise, TATA AIA Instaprotect Solution, TATA AIA Maha Raksha Supreme Select, TATA AIA Saral Jeevan Bima, and TATA AIA Bharat Suraksha Cover Micro Insurance Plan.
The Claim Settlement Ratio of the TATA AIA Term Insurance plan is 99.01%.
Yes, Tata AIA term insurance is one of the trusted and leading life insurance companies operating in India.
Yes investing in Tata AIA life insurance plans is 100% safe.
Tata AIA term insurance plans has a waiting period of 15 to 30 days
Yes, Tata AIA is a good insurance company to buy a term insurance plan.
Both Tata AIA and LIC are good term insurance companies. While LIC offers low-cost term plans with minimum customization, Tata AIA offers more customization options.
The Tata AIA term plan calculator is an online tool that helps to calculate the premiums for Tata AIA term plans.
Tata AIA 1 crore term insurance provides 1 crore sum assured in case of the policyholder’s uncertain death during the policy tenure.
Tata AIA 2 crore term plans offers an insurance coverage of Rs 2 crore to your family in case of your uncertain death.
Your policy will lapse if you don’t pay premiums on time.
Customer satisfaction
Aggregate ratings from 937 verified PolicyX customers who bought a Tata AIA Term Insurance plan.
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Written and reviewed by
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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