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Term insurance is the type of life insurance. In exchange for a fixed premium, it provides financial protection for a specific period. The term insurance plan protects the ... Read more financial needs of your dependants in the event of your absence. In the event of your death, your nominee will receive a death benefit that can be used to cover basic living expenses, such as food, clothing, healthcare, education, and so on. Therefore, it is crucial that you purchase the best term insurance plan for your family's financial security. Read less
Term insurance is the type of life insurance. In exchange for a fixed premium, it ... Read more provides financialprotection for a specific period. The term insurance plan protects the financial needs of your dependants in the event of your absence. In the event of your death, your nominee will receive a death benefit that can be used to cover basic living. expenses, such as food, clothing, healthcare, education, and so on. Therefore, it is crucial that you purchase the best term insurance plan for your family's financial security. Read less
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10% discount on 1st year premium is applicable on online purchase. This discount is auto-applied and can’t be removed
8.5% discount on 1st year premium is applicable for salaried personnel. You will need to share your corporate email ID if you opt for this discount. This discount is auto-applied if you select ‘Salaried’ as your occupation and can’t be removed
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Tata AIA Sampoorna Raksha Promise (Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product) • UIN: 110N176V08
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₹50 Lakh Term insurance
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Term insurance policy is a basic form of life insurance offering financial protection for a specific period. The nominee of a term insurance policy will receive a financial benefit if you die during the policy period..
The purpose of term life insurance is to provide financial benefits only in the event of the policyholder's death during the term period. This policy does not return any financial value if you survive its term. You can choose term insurance with return of premium if you wish to get your premiums back after the policy term ends
When you buy term insurance, you pay regular premiums in exchange for a financial benefit that goes to your nominee in the event of your untimely demise
A term plan is a type of life insurance that may help protect your family if something happens to you during a set period. Here is how it works:
First, you choose the sum assured and the policy term, then pay regular premiums to keep the plan active. These premium amounts can be paid monthly, quarterly, yearly, or as a single payment.
If you pass away during the policy term, your nominee might receive the sum assured as a lump sum or regular income, depending on what you chose earlier. However, if you survive the term, there is no payout, unless opted for return of premium (ROP).
Moreover, the claim process is simple. Your nominee may need to submit documents such as the death certificate, claim form, KYC documents and Bank details to the insurer.
In addition, after the documents are checked, the insurer would release the funds as per the policy.
This makes a term insurance plan an affordable option that often helps your family manage their expenses if you are not there.
Here are a few sample illustrations to help you understand our Term plans better.
Our bestselling Term Insurance plans
Choose a Tata AIA term insurance plan that suits your needs:
Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V09)
Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N171V13)
Here is an example to help you understand our term plans better.
Purchasing a term insurance plan helps ensure financial security for your loved ones in your absence. Here is how a term insurance plan can help you
Financial protection for the family
In the event of the policyholder's untimely demise, the term insurance plan helps ensure that the family receives a lump sum amount. It helps them maintain their lifestyle and meet financial obligations.
Term insurance plans are generally cost-effective. For instance, a ₹1 Crore life cover starts at ₹501 per month1, making it accessible for individuals across various income levels
Term insurance provides financial security as well as tax benefits 9 . There is 0% GST on term plans, making them cost-effective. Further, policyholders can avail tax deductions 9 on the premiums paid under Section 80C of the Income Tax Act, improving long-term savings.
Coverage against critical illnesses
Many term insurance plans offer riders 10 that provide additional coverage against critical illnesses, ensuring comprehensive protection.
Debt repayment support
In case of the policyholder's death, the sum assured can be used to repay outstanding debts, preventing a financial burden on the family.
Tata AIA Sampoorna Raksha Promise
Tata AIA Maha Raksha Supreme Select
Tata AIA Saral Jeevan Bima
Tata AIA Bharat Suraksha Cover Micro Insurance
The key features of term insurance plan are as follows:
Our best term insurance plans in India are available to policy buyers with a minimum entry age of 18. This means you can financially secure yourself and your loved ones early in life with our basic term plan.
Our term plans have flexible plan durations. You can protect yourself for the maximum plan term, up to 100 years of age 14 . However, many people prefer a life cover till 60-70 years of age until their financial liabilities are over.
With Tata AIA, you can choose the premium payment mode - Single Pay (pay once), Regular Pay (pay during the entire policy term), and Limited Pay (pay for a defined time). You can also select the premium payment frequency, such as monthly, quarterly, half-yearly, or annually, as per your budget and fund availability.
Our term plan allows you to adjust your plan coverage with your changing insurance needs at different milestones and life stages. With our Life Stage Benefit 16 , increase life cover at important milestones.
You can choose the mode of death benefit payment depending on the needs of your family. You can opt for a lump sum payment, a lump sum + regular monthly payment or the entire sum assured as regular monthly payouts.
You can opt for our comprehensive health riders 10 for protection against a wide range of critical illnesses, such as cancer, heart-related ailments, kidney failure, etc.
You can choose to get a maturity benefit with term insurance . Tata AIA term plans, such as Tata AIA Sampoorna Raksha Promise, offer 100% of all premiums paid 3 as a survival benefit.
The sudden disability or death of the earning member can disrupt their earning capacity. Add-on riders 10 with accidental death and disability cover protect the family’s financial stability.
Calculate Term Premium For 1 Crore
Standard Life, Non-Smoker, ₹1 Cr. Sum Assured, Policy Term: 20 yrs. (Regular Pay), Life Promise Option, Tata AIA Sampoorna Raksha Promise, Premium discount of 10% for digital purchase and 8.5% for salaried person (1 st year discount)
Individual Death Claim Settlement Ratio 23 for FY24-25
Families protected so far 19
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Highest retail sum assured of ₹7,90,000 Cr.+ 20
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The following are some of the types of people who may consider buying a term insurance plan, depending on their life stage and responsibilities:
If you are starting a family, term insurance may help you protect your partner and children from financial troubles in your absence. Choosing the best term insurance plan in India can give them the necessary financial support in your absence.
If your family depends only on your income, a term life insurance policy is important. It gives a specific amount to your family in case of your unfortunate demise. Picking the best term policy in India helps ensure you get the right cover at an affordable cost.
If you have a home or personal loan, a term insurance plan helps ensure your family is not burdened with repayments.
If you have education or car loans, a term plan helps your family handle those expenses even after your absence.
Business owners can use term insurance to protect their business and loved ones. It also helps manage sudden business loss.
If you are retiring but still have dependents, term life insurance helps them stay financially secure.
Paying for a term insurance plan may help you save taxes 9 each year as part of your financial planning. Comparing the best term plans can help you find one that suits your income and long-term needs.
If you support older parents, buying the best term plan will help them live without worries if something happens to you.
More women are earning now. A term plan for women helps them protect their family’s future. Homemakers can also get coverage to support their household roles.
Term life insurance is important if you want to protect your family from financial challenges. It is helpful when you are the only earner in your family. Here are some important stages in life where term insurance becomes very important.
When you begin a family, your responsibilities increase. If something happens to you during this stage, term insurance provides a fixed amount to your nominee. This helps your family cover daily expenses.
Higher education needs good financial support. If you are not there when your child is ready for school or college, term insurance provides the assured amount to your nominee. This helps your child continue their studies without financial worries.
Weddings come with heavy expenses like jewellery and celebrations. In case of your untimely death, the term insurance amount can help your family arrange for your child’s wedding without financial pressure.
If you have a home, car, or personal loan, your family may struggle to repay the loans in your absence. If something happens to you, the insurance amount can help clear these debts. This prevents your family from dealing with unpaid EMIs.
Prices rise every year, making daily life more expensive. If you pass away, term insurance gives a fixed amount that helps your family keep their regular lifestyle. It also supports them in the long term, especially if you haven’t built large savings. This amount works as financial support in your absence.
There are different types of term insurance plans you can choose based on your needs. Some of them are as follows:
This is the basic plan where the cover and premium remain fixed. It is easy to understand and affordable for many people.
In this plan, the cover amount increases every year, and it may help you face inflation. Many people choose this to deal with rising costs.
The death benefit in this term insurance plan reduces over time following a fixed schedule. People usually take this insurance along with a home loan. As the home loan amount decreases over time, the life cover of the term insurance also reduces.
This plan gives back the premium paid if the policyholder survives the policy term. It may be suitable for people who want to get their premium back.
The joint life term plan is for couples. Both you and your spouse are covered under a single term life insurance policy.
This term plan allows you to convert term insurance into another life insurance policy later. This allows flexibility if your coverage needs change in the future.
Many individuals look for the best term insurance plan in India based on their life stage and goals. You can also use online tools to compare and find the best term plan.
The following table highlights the difference between a term life insurance policy and a whole life insurance plan:
Whole Life Insurance
Coverage lasts for a specific period chosen by the policyholder. Protection is provided only during this selected term.
Coverage under a whole life insurance policy continues for the insured’s entire lifetime, until age 100 14 , as long as premiums are paid regularly.
The premium amount of a term insurance policy is typically lower because it covers a specific period.
The premium of a whole life insurance policy is higher because it includes lifelong coverage and offers additional long-term features.
The best term insurance plans in India include useful riders 10 , such as critical illness, accidental death, and waiver of premium for enhanced protection.
Some whole life insurance plans also allow riders 10 , but they are more commonly used with term life insurance policies.
The nominee receives the sum assured if the policyholder dies during the selected term of the policy, provided all premiums are paid.
Pays the full sum assured on the policyholder’s death at any age, along with any accumulated savings or bonuses.
Not eligible for bonuses; designed solely for protection.
May offer bonuses such as loyalty additions or guaranteed accruals.
Loan/Withdrawal Facility
No loan or withdrawal options are available.
Loans and partial withdrawals are allowed after the lock-in period.
No surrender value; policy lapses if premiums are unpaid.
Partial surrender value is available after a few years of continued premium payment.
Premiums are eligible under Section 80C; death benefit exempt under Section 10(10D).
Same tax benefits as term plans, with added exemption on maturity proceeds under Section 10(10D).
The following table explains some of the best term insurance plans in India in 2025 and their key features:
Term Insurance Plan Type
Key Features of Term Insurance Plan
Basic Term Insurance
This basic term insurance plan offers coverage for a chosen number of years. It provides a lump sum to your nominee in case of death during the policy term.
Increasing Sum Assured Plan
The sum assured increases every year by a fixed percentage. This helps deal with inflation and future financial needs, though premiums may be higher.
Term Insurance with Monthly Income
In addition to a lump sum payout, the term insurance with a monthly income plan provides a certain sum every month to the family. It may help manage household expenses after the policyholder’s death.
Return of Premium Term Plan
If the policyholder survives the policy term, the total premiums paid are returned, and the death benefit is still available during the coverage period.
Critical Illness Rider 10 Term Plan
This plan allows you to add protection for specific major illnesses. On diagnosis of a listed condition, a lump sum is paid, based on rider 10 terms.
Waiver of Premium Benefit
If the insured is diagnosed with a critical illness or suffers permanent disability, future premiums may be waived while the policy continues.
Accidental Death and Disability Cover
This rider 10 offers an extra payout if death or disability occurs due to an accident. It can be added to enhance the base term plan coverage.
Group Term Insurance
This plan is often offered by employers to their employees. It provides financial cover for death or disability under group coverage terms.
Tata AIA's best Term Insurance plans in India
Provides comprehensive financial protection and flexibility to policyholders and their families. Depending on the family's financial needs, policyholders can choose to receive their death benefit as a lump sum or in instalments.
Offers comprehensive financial coverage with customisable options to meet individual needs. A critical illness rider 10 , accidental death rider 10 , and premium waiver rider 10 are among the optional riders 10 available to policyholders.
Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V13)
Tata AIA Life Insurance
A pure term insurance plan that offers financial stability to your family at affordable premiums. It provides a lump-sum death benefit if the policyholder dies during the policy term, protecting your loved ones from financial stress.
Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V02)
Bharat Suraksha Cover Micro Insurance
An affordable micro term insurance plan designed to protect individuals and families. It provides a sum assured of up to ₹2 Lakh, ensuring that your loved ones are financially secure in the event of your untimely demise.
Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V01)
Before buying a term insurance policy, it is important to determine the sum assured your family should receive in your absence and ensure that it covers all their financial needs and emergencies.
Tata AIA Benefits: You can use our online term insurance calculator to understand the coverage you need to protect your family.
The term insurance premium is a regular, long-term amount. You need to assess and account for the same to better structure your budget. Hence, be sure that the amount of the term insurance premiums you choose to pay for your plan ensures sufficient coverage.
Tata AIA Benefit: Our term plan calculator helps you compare plans on the basis of the premium.
While you can purchase a policy as per your eligible age applicable for the product, it is always better to get a term plan as early as possible to avail of low term insurance premiums in return for higher insurance coverage for your family
Tata AIA Benefit: You can purchase a term insurance plan as early as from 18 years of age.
If your loved ones need a regular income for a fixed-period, you can go ahead with this choice or choose a lump sum payout. Alternatively, you can also choose a combination of a fixed-period income and a lump sum if it suits your beneficiaries.
Tata AIA Benefit: We offer multiple payout modes - Lump sum / Regular / Lump Sum+Regular: to help you secure your family in the best manner possible.
Consider the claim settlement ratio of the insurance provider, as it determines their ability to settle your claims effectively and on time when the need arises. The higher the claim settlement ratio, the better the chances of your beneficiaries receiving the claim on time.
Tata AIA Benefit: Tata AIA Life Insurance has an Individual Death Claim Settlement Ratio 23 of 99.41% for FY 24–25.
Coose riders 10 that offer benefits such as protection against critical illnesses, accidental death and disability, along with waiver of premium benefits tailored to unique needs for targeted protection against various circumstances.
Tata AIA Benefit: We offer a choice of add-on riders 10 for protection to help you enhance your term plan protection.
Always ensure that the sum assured you select for your family’s needs also accounts for the inflation rates over the years. The financial needs your family has today will not be the same after 10 years, and so consider how much additional coverage they will need in the future.
Tata AIA Benefit: We offer a Life Stage Benefit 16 with our term insurance plans to allow increasing the sum assured at important milestones, such as marriage, birth/adoption of a child, etc.
It is always better to compare term insurance plans and make an informed choice instead of picking the first plan you see. Comparing term policies helps you decide which features and benefits are best suited for your needs.
Tata AIA Benefit: We offer a wide range of term insurance plans, coverage options and protection + wellness combination solutions to suit varied insurance and budget needs. You can compare our plans here .
If you want to understand how to choose the best term insurance plan, you can get some help from your financial advisor or even contact your insurance company for further assistance.
Tata AIA Benefit: We offer round-the-clock assistance with our expert advisors. Book a call today to talk to our expert today .
Read the insurance policy’s terms and conditions. It helps you understand the plan in detail and most importantly, know what the policy does not cover. This can help your beneficiaries avoid any confusion regarding the policy and payouts.
Tata AIA Benefit: Detailed policy literature, including sales brochures, policy bonds, etc. is available online and can be accessed for an in-depth understanding. You can also access our vast repository of blogs and other supporting content for a detailed understanding of all products and services.
Selecting the best term insurance plan depends on many personal and financial factors. The following points may help you choose the suitable term insurance plan based on your needs.
Decide the right coverage period
The number of years your policy should continue depends on how long your family may need financial support. Younger individuals may opt for longer terms, such as 30 or 40 years.
Consider your current age
Your age directly affects the premium and available coverage. Buying a term insurance plan early may help you get lower premiums. Senior citizens may need higher coverage if their financial obligations are still pending.
Align the coverage with your income
The amount of coverage you need often depends on your monthly income. If your income is higher, you may require a larger sum assured to maintain your family’s lifestyle. So, estimate your needs accordingly before selecting the plan.
Assess plans based on your personal need
Different individuals have different coverage needs depending on their income, life stage, and responsibilities. A salaried person may need steady income benefits, while an NRI may need the facility to keep the policy active across locations. Senior citizens often choose shorter terms with limited premiums. Considering these factors may help you choose a plan that aligns with your needs.
Add Riders 10 for Extra Protection
You can add riders 10 , such as critical illness, waiver of premium, or accidental disability. These features help in dealing with unexpected life events.
Non-linked Comprehensive Protection Rider:
The time taken for claim approval depends on how complete and accurate the submitted documents are.
Here’s a snapshot of our best term insurance plans:
Tata AIA Sampoorna Raksha Promise: Life Promise
Tata AIA Maha Raksha Supreme Select: Life Secure Plus
Maturity Age (years)
Pay premium for (Premium Payment Term in years)
Stay covered for (Policy Term in years)
Life cover (Basic Sum Assured in Rs)
Premium payment mode
Option to cover till age of 100
Terminal illness cover
Instant claim payout
FlexiPay (Pay later) benefit
Tax benefit on premiums paid
Tax on death benefit
Digital purchase discount
Salaried personnel discount
Female premium benefit
Tata Group staff discount
Premium payment term: Period for which premiums will be paid
Policy term: Period for which policy will remain active subject to premiums paid on time
Basic sum assured: Life cover provided under the policy
Single pay: Pay premium once
Limited pay: Pay premium for a defined number of years, lesser than the policy term
Regular pay: Pay premiums for the entire policy term
Importance of life expectancy
Life expectancy rates in India have improved over the years. However, there are various challenges, such as rising stress levels, sedentary lifestyles, and pollution. According to the World Health Organisation (WHO), the global average life expectancy is approximately 71 years. However, lifestyle diseases have significantly increased mortality risks, especially in developing nations like India. These uncertainties highlight the pressing need for financial preparedness.
A term insurance plan acts as a financial safety net for your family in the face of these risks. In the event of an untimely death, it ensures your loved ones are protected against the burden of outstanding debts, daily expenses, and future financial goals, such as your child’s education or marriage. With affordable premiums, term plans offer high coverage, enabling families to maintain their financial independence even during challenging times. In a world where declining life quality has become a growing concern, term insurance is not just a plan but a lifeline to safeguard your family’s future.
Get ₹1 Crore life cover at 501/month 1
Avail up to 18.5% discount (1 st year premium) 2
Get 100% premiums back 3
Term insurance premiums vary for each policyholder based on several factors. Understanding these factors can help you take steps to reduce your premiums.
Age is an important factor in determining term insurance premiums. Younger people tend to have a lower risk compared to older people.
The higher the sum assured, the higher is the cost of covering the policyholder. As a result, a ₹2 Crore term insurance plan will be more expensive than a ₹1 Crore term insurance plan.
Individual and family medical history
llnesses like cancer and heart ailments can be genetic. The premium can be higher for people with existing medical conditions or with a family history of certain issues to account for the higher risk of claims.
Research has shown that women tend to have a longer average lifespan than men. Therefore, female term policy buyers usually enjoy lower premiums on their term plans, as they are likely to pay premiums for a longer period than men.
Term plan premiums are higher for professionals who work in high-risk environments, like construction, mining, pilots, etc.
Smoking and drinking habits
People who consume alcohol or smoke have to pay higher term insurance premiums than others because of their negative impact on one’s health.
The premium for longer tenures will be lower than for shorter policy tenures for the same coverage due to the assurance of long-term premium payments.
Sum assured in term insurance is the amount the policy beneficiaries get in case of the policyholder's demise when the policy is active. It is a guaranteed amount decided at the term plan’s inception as a death benefit against the policy.
Getting a sufficient sum assured is crucial when buying term insurance because it is the actual amount your family members will receive from the insurer. Thus, you must ensure that the sum assured is sufficient to cover your family’s continuing and future financial liabilities.
However, remember that the term insurance premium is directly affected by the sum assured. Selecting an unreasonably high sum assured can be a financial burden for you
Financial responsibilities typically taper off by age 70
With rising expenses, you need a larger life cover
Cover till 70 years of age
Cover till 85 years of age
Tata AIA Maha Raksha Supreme Select | Premium incl. taxes | Age: 30 years | Male | Non-Smoker | Premium Payment Term: 12 years
Due to an increase in mortality risk, term insurance premiums increase with age. The risk of death increases with age, and so does the premium. Based on their assessment of risk, life insurance companies determine your premium. The following are the main reasons for higher premiums:
A younger person has a longer life expectancy, so the term insurance premiums are likely to last longer before a claim occurs. As the individual ages, the years that they have to pay premiums reduce, so a higher premium is needed to cover the same death benefit.
Diabetes, hypertension, heart problems, cancer and other diseases are more likely to develop as you age. As a result of these risk factors, insurers can increase the premiums on term insurance for people with diabetes or other pre-existing conditions.
The life insurance industry transfers part of its risk to other companies known as reinsurers. Reinsurance costs also go up with age, which translates into higher premiums for policyholders.
Delay in purchasing term insurance can result in higher premiums, limited coverage, and increased financial risks for your loved ones. Act now to lock in affordable rates and secure your family's future.
Worried about the term insurance plans cost? Here are a few ways to get affordable term insurance:
As explained, buying term insurance at a young age can help you save significantly on the term insurance cost. With an early purchase, you can get long-term insurance for smaller and regular payments on term insurance.
Smoking can increase your term insurance cost. Therefore, avoid smoking for a healthier life and also to reduce your term plan premiums. Ensure that you disclose it to your insurer if you smoke or have any other health ailments. Providing incorrect or incomplete information can put your family in difficulty when claiming the death benefit on your term policy.
A term plan with a longer duration will require you to pay policy premiums for longer. Therefore, choose the policy term wisely to ensure coverage until you genuinely require it.
A healthy lifestyle can keep diseases and ailments at bay. Since insurers require your medical history and test reports to decide your term insurance premium, a healthier lifestyle will help you get an affordable term policy quote and, more importantly, enjoy a longer, healthier life too.
When you buy a term insurance plan, you will be asked to name a policy nominee who will be entitled to the policy benefits in case of an unfortunate event. You must also select the term insurance payout option you want for the plan beneficiary. Here are the various payout options you can choose from:
The following are some common types of term insurance riders 10 .
Accidental death benefit rider
If the policyholder dies due to an accident, the accident death benefit rider 10 provides an extra payout over the base sum assured. It enhances the financial support given to the family during an unexpected event.
Waiver of premium rider
If a serious illness or permanent disability affects your ability to earn, this rider 10 waives all future premiums. Your term insurance plan remains active without any further payments.
Critical illness rider 10
If the policyholder is diagnosed with a listed illness like cancer or a heart attack, the critical illness rider 10 pays a lump sum immediately. For instance, a ₹20 Lakh payout can help cover medical expenses while the main ₹1 Crore cover stays intact.
Terminal illness rider
If a person is suffering from a terminal illness, which means a medical condition that cannot be cured and is likely to lead to death within a short period, then this rider 10 would be applicable. A terminal illness rider 10 offers an early payout from the life cover once such a diagnosis is confirmed. This helps the individual and their family manage medical care and living costs during this critical stage without financial burden.
Income benefit rider 10
The income benefit rider 10 offers monthly payouts to the family in addition to the lump sum death benefit. This helps ensure that dependants receive regular income after the death of the policyholder, helping the family manage day-to-day expenses.
Accidental total and permanent disability rider
A permanent disability due to an accident may limit earning ability. This rider 10 pays a defined amount to support future needs and maintain financial independence.
Live better with wellness benefits
For those focused on wellness 24 , preventive checkups, and life cover.
The following points may help you understand why term insurance riders 10 are important.
Extended coverage for multiple risks
Riders provide financial support during critical illness, accidental death, or permanent disability. For example, if a policyholder is diagnosed with a covered illness like cancer or suffers a disability after an accident, the rider 10 helps manage medical expenses.
Cost-effective coverage
Riders can be added by paying a slightly higher premium. Instead of purchasing a separate insurance policy, you can tailor your term plan with added protection more affordably and conveniently.
Maintain cover during disability
If a policyholder becomes disabled and cannot work, some riders 10 waive future premiums or provide a payout. This helps ensure your policy remains active even when your income stops.
Support families with steady income
Some riders 10 provide a monthly income in addition to the lump sum death benefit. This may help your family manage everyday expenses and stay financially stable in your absence.
Additional tax deductions
Premiums paid for specific health-related riders 10 (such as critical illness) may qualify for tax 9 deductions under Section 80D. You can also claim deductions under Section 80C for the base term insurance premium, subject to applicable conditions.
A critical illness rider 10 is an important add-on to your term insurance plan. It gives you a lump sum amount when you are diagnosed with a serious illness like cancer, heart attack, or stroke. The payout can be used for treatment, medicines, or daily household expenses. It supports you during times when you may not be able to earn because of health issues.
Rising health risks in India
The top riders 10 of Tata AIA term insurance plan are as follows:
Tata AIA Non-Linked Comprehensive Protection
If you're looking for a single rider 10 that covers multiple risks, the Tata AIA Non-Linked Comprehensive Protection rider 10 offers life cover, illness support, and disability benefits in one. It allows flexibility in choosing how your benefits are structured.
The complete name of Tata AIA Non-Linked Comprehensive Protection Rider is Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider - A Non-Linked, Non- Participating Individual Health Rider (UIN:110B033V04).
The Tata AIA term insurance plan has many benefits, some of which are as follows.
Enjoy substantial coverage at affordable premium rates, allowing you to secure your family's financial future without straining your budget. E.g., a 20-year-old female can get coverage of ₹1 Crore starting at ₹501 per month1.
Get an instant payout of ₹3 Lakh on claim intimation 12 offering temporary financial relief, while the remaining amount will be paid at the time of disbursement.
The option to defer premiums for up to 12 months with the Flexi Pay Benefit 13 allows you to continue the policy in case of any momentary financial stress.
Offers a return of premium option, wherein if the policyholder survives the policy term, the premiums paid are returned. The insured can get 100% of the premiums 3 as a lump sum or a regular payment.
Term plans offer coverage up to 100 years of age 14 , providing protection throughout your lifetime and ensuring financial security for your loved ones, even in your absence.
Terminal illness benefit
In case of a terminal illness diagnosis, 50% of the base sum assured 15 is paid in advance to help manage medical expenses and provide financial support during a challenging time.
Inbuilt waiver of premium
In case of a terminal illness diagnosis, the remaining premium will be waived off without impacting the life cover taken at the beginning of the policy.
Term insurance plans offer life stage-based benefits 16 , adjusting the coverage and benefits as per your changing life circumstances, such as marriage, childbirth/adoption or availing of home loans.
Tata AIA offers additional riders10 that cover accidental death, disability, critical illnesses and hospitalisation, which can be customised as per the user’s need.
Lower rates for women
Tata AIA plans offer 15% lower premiums for women with a higher longevity and lower risk profile.
Earn 5% Tata NeuCoins
Get Tata NeuCoins17 on premium payment for the 1st year. There’s no capping on the maximum points that can be earned.
Flexible premium payment options
Enjoy flexibility in premium payment options – monthly, quarterly, or annually, enabling you to choose a payment frequency that suits your financial situation.
Choice of payout options
You can choose from multiple sum assured payout options, such as lump-sum payment, regular income, or a combination of both, giving your loved one financial flexibility.
Premiums paid towards term insurance plans and health riders10 are eligible for tax9 deductions under Section 80C and 80D, respectively, of the Income Tax Act. The death benefit paid out to your nominee or the maturity benefits under the return of premium option are exempted from tax under Section 10(10D).
The following is the eligibility criteria to buy a term insurance policy:
You must be between the ages of 18 and 65 to buy a term insurance plan. The age at which you buy term insurance plays a role in determining your policy premium
You must be an Indian citizen to buy term insurance in India. However, your policy coverage stays unaffected if you go overseas for higher education or work after purchasing a term plan.
You must provide the necessary medical reports and undergo some diagnostic tests if required. Additionally, provide correct information about your medical history to avoid complications in the claim process.
The following table lists what is covered and what is not in a term life insurance plan:
Buying a term insurance plan is a responsible step, but many people make simple mistakes that affect its value. Avoiding these mistakes may help you choose the best term insurance plan in India for your needs.
Choosing a low cover amount
Some people choose low coverage to reduce premium costs. However, this cover may not be enough for your family in the long term. You should select a term plan based on your lifestyle, responsibilities, and future needs.
Waiting too long to buy a term life insurance plan increases the cost. Premiums rise with age, and health risks also increase. Buying early helps in securing lower premiums and may also provide full coverage.
Not checking claim settlement ratio
Always check the insurer’s claim settlement ratio before choosing a term insurance plan. A low ratio could cause delays or difficulties when your family files a claim.
Many people skip optional riders 10 like critical illness or disability cover. These add-ons enhance your term plan and offer more protection during tough times.
Giving wrong information
Some buyers hide health issues or smoking habits. Giving wrong information can result in claim rejection later. Always provide clear and correct details.
Many buyers go with the first plan they find. It’s important to compare multiple options to choose the best term policy in India. Comparison helps find the best term plans with good coverage and a reasonable premium.
Buy a term insurance plan online for the following benefits:
Online term insurance purchase gives you quick access to all policy documents and essential information. You get a clearer picture of the benefits and limitations of your term plan and make a confident buying decision.
You can visit the websites of multiple insurance companies and compare their plans. You can also explore the website of your chosen insurer and check out various offerings. This way, you can choose the best term plan that suits your financial goals.
By purchasing term insurance online, you can take advantage of digital discounts offered by insurers, helping you secure high coverage at reduced premiums.
When buying online, you submit all your documents and information directly to the insurer. Moreover, you are actively involved at every step of the purchase process, which helps establish your faith and satisfaction with the insurer.
Buying term insurance online requires less time and effort. You need not visit the insurer’s branch. You can access the website from the comfort of your home, and the entire process is done digitally.
You can choose from quick, secure, and convenient payment options during the purchase. You can also opt for these options while paying your premium based on the mode and frequency you select.
Buying term insurance online is simple with Tata AIA. Here's how to buy a plan from Tata AIA Life Insurance:
These are just suggestive documents, and the life insurance company may request additional documentation based on the policy conditions.
The claim process for term insurance is as follows:
The nominee must notify the insurer immediately after the policyholder’s death.
A claim form must be completed with accurate details.
Submit required documents
Documents like the death certificate, identity proof, etc., must be submitted.
Verification by insurer
The insurer verifies all submitted documents and claim details.
Claim Decision and Settlement
If the provided information and documents are correct, the claim is approved, and the amount is disbursed to the nominee. Below is the regulatory mandated turnaround time for claim settlement:
For further guidance, you can visit the Tata AIA Claim Settlement Ratio page.
Understanding the following points may help you avoid claim rejection.
Go through the terms and conditions for claims in detail and reach out to your insurer if you have any query.
Disclose full medical history, lifestyle habits, income, occupation, and previous insurance details to avoid hidden information.
Properly fill in the application form to avoid errors, update nominee details and address, along with contact information.
Pay premiums on time or within the grace period. Use auto-debit to ensure you never miss a premium payment. If your policy has lapsed, revive it without delay.
Upon death, the nominee should inform the insurer immediately and submit complete, accurate documents as per policy requirements.
Here are the documents required to raise a term insurance claim.
Note: Additional documents may be required asked on a case-to-case basis.
A GST is an indirect tax charged on term insurance premiums. Individual term insurance policies were taxed at 18% until 22 September 2025. For instance, a premium of ₹10,000 incurred an additional GST of ₹1,800, making the total payable amount ₹11,800.
However, from 22 September 2025, the GST on individual term insurance premiums is 0%. This makes term plans cost-effective and encourages more people to purchase pure protection insurance. The government implemented this reform to improve financial security. Here’s an overview.
Due to the new GST rate structure, term insurance sales are expected to increase, thereby advancing the vision of ‘Insurance for All by 2047’.
A strong Claim settlement ratio reflects the insurer’s consistency in fulfilling claim obligations over time. Tata AIA Life Insurance has consistently maintained a high Individual Death Claim Settlement Ratio over the past four financial years:
The following are the key terms related to term life insurance plans:.
Affordable protection
Term insurance offers high coverage at low premiums, ensuring financial security for your loved ones.
Lifestage-based planning
It’s essential to buy term insurance early to benefit from lower premiums and comprehensive coverage tailored to life stages.
Family’s financial safety net
In case of the policyholder’s untimely death, a term plan ensures financial stability for dependents, covering daily expenses, debts, and future goals.
Shield long-term life quality
With increasing lifestyle-related risks and lower life quality, term insurance acts as a vital financial safeguard.
Customisable options
Many term plans offer add-ons riders 10 , such as critical illness riders, ensuring enhanced protection.
Source: IRDAI - First year premium of Life Insurers as on 31.12.2025 ( https://irdai.gov.in/document-detail?documentId=8504103 )
L&C/Advt/2026/Feb/0997
Customer reviews of our Term Insurance plans
I know my family will get immediate help when they need it most. The instant payout process was explained well.
I wanted a policy I could trust & Maha Raksha Supreme fit the bill perfectly. Mr Kamat helped me understand how it would protect my family for years
My experience was excellent. The seamless purchase process, easy plan comparison, and responsive customer support made decision-making effortless
Offers flexibility with payments. I was able to defer my premium without losing coverage. My advisor made sure I knew all my options.
Multiple Policies 2 May 2025
Mr. Amin shows how smart planning and savings led him to invest in 9 Tata AIA policies—each one a step toward lifelong security.
Maha Raksha Supreme Select 15 May 2025
For Mrs. Sunita Mandal, life insurance was a step toward long-term security. Her story shows how tomorrow’s peace begins with a trusted choice today.
Provides financial protection to my dependent family members.
Best product, an all-in-one plan. I was looking for a long-term solution, and this plan explained how my family would be protected for years to come.
I was looking for a long-term solution, and Param Raksha 2.0 provided exactly that. Vrushali Sali explained how my family would be protected for years to come.
Our experts are happy to help you!
Yes, you can buy a term insurance plan online. In fact, there are several benefits of buying a term plan online. You can make a more informed buying decision, avail online discounts from the insurer, compare multiple term plan offerings, purchase a term plan quickly, etc.
Though people can have more than one term insurance plan, having a single policy with coverage that suffices your family’s needs is better. With multiple term insurance plans, the burden of remembering term insurance premium payment dates and the insurance cost increases and can become difficult to maintain.
According to financial experts, term insurance policy coverage must be a minimum of 15 to 20 times the insured’s existing income.
Yes, Tata AIA Life Insurance offers a free look period of 15 days on the term insurance plans purchased offline, while the free look period is extended to 30 days in case of term plans purchased online.
Yes, term plans offer tax benefits 9 under Section 80C of the Income Tax Act. Term insurance premiums paid towards the policy are eligible for tax 9 deductions, and the death benefits qualify for tax exemptions as per applicable tax laws.
Yes, term insurance is a great investment choice because it provides a high sum assured at an affordable premium and ensures your loved ones are protected even in your absence.
To find the best term insurance, calculate your coverage needs and select an insurer with a high claim settlement ratio. Compare term plans online to find the best fit, and use online discounts to reduce your premiums.
A term plan offers pure life cover protection to your family in the event of the untimely demise of the life assured. If you survive the policy term, and once the policy term is over, no other benefits are payable after the coverage ends.
In the case of a term plan with a return of premium, your loved ones can avail of a death benefit from the term plan sum assured in case of your untimely demise. And if you survive the policy term, the term plan will offer a return of the total premiums paid on maturity.
The popular term insurance policies offered by Tata AIA Life Insurance are:
At the end of your term life insurance policy, your life insurance coverage will be terminated, and the term plan benefits will no longer be valid.
You can buy term insurance at any age, depending on how many years you want to provide life insurance coverage for your family. However, the earlier you purchase a term plan, such as in your 20s, the better, as premiums are lower when you're young and healthier.
If you have a term plan with a return of premiums, you will receive a total of all the premiums paid during the policy term, subject to your survival till the end of the policy term. If you have a pure term plan that only offers a simple life cover, there will be no maturity benefits at the end of the policy term.
A traditional life insurance plan can offer you and your family life insurance coverage, but with less flexibility for the sum assured, the policy period, or premium payments. In contrast, term insurance offers a large sum assured for affordable premiums, along with flexibility.
A term insurance plan can secure you in multiple ways. While you may not be able to provide financial protection to your family if you buy a term plan late in life, you can add rider 10 benefits to the plan and avail of financial protection in various circumstances, like illness and accident.
These are the following types of term insurance policies:
If you become an NRI after purchasing a term plan in India, you can continue paying the premiums through a Non-Resident Ordinary (NRO) account in Indian currency while the policy offers life insurance coverage. In case of your demise, whether abroad or in India, your nominee can file the claim, and the death benefits will be paid out to your family.
In case you opt for a term insurance plan with no Return of Premium benefits, then if you survive the policy term of your pure term plan, the policy will end, and no additional benefits are applicable.
You can renew your term insurance plan online with Tata AIA with a quick, simple, and online renewal method to continue enjoying your policy benefits with us.
Yes, all types of natural deaths are covered under term insurance. Please refer to the policy document for detailed information on specific term insurance policy inclusions and exclusions.
The sum assured of a term insurance plan will be based on the financial support needed by your family at a future date. Therefore, you will have to consider all their expenses, any major events, outstanding loans, and debts, as well as the inflation rate, while deciding on a term plan sum assured.
These are the following riders 10 you can add to your Tata AIA term insurance plan:
Yes, an increasing sum assured term plan allows you to increase the term plan coverage at various life stages to help meet your changing financial goals.
While term plans cover natural deaths and deaths due to health conditions and illnesses, such a policy will not cover death by suicide within a year. Please refer to the exclusions as mentioned under the term plan for details before opting for the policy.
You can conveniently calculate the premiums of your term insurance plan online by using the term insurance premium calculator on our website. Simply enter a few basic details into the online calculator and get your policy quote without any manual calculation.
The term insurance premium payment frequencies under Tata AIA Life Insurance term plans are annual, half-yearly, quarterly, monthly and Single Pay.
According to Our World in Data , women have a longer life expectancy than men, so term plan premiums are lower for women.
Yes, by providing very comprehensive protection. By choosing the riders 10 wisely, you can enhance the policy coverage without unnecessarily increasing the policy cost.
If you stop your term insurance premium payments and cross the expiry date, Tata AIA Life Insurance offers a grace period of 15 days (for monthly frequencies) and 30 days (for yearly and half-yearly frequencies). If you cannot make the payment within this period, the policy will lapse, and you and your family will not be able to gain any benefit from the plan.
One of the benefits of having a term plan is that you can lock in the policy premiums when you purchase the term plan. That way, if you buy insurance early in life, you can avail of low premiums all throughout the policy period, even if the sum assured is high.
However, if you opt for optional riders 10 or a life stage benefit ~ for additional coverage, these factors may lead to an increase in the premiums over the years.
A claim settlement ratio helps you determine if insurance providers can settle your claims on time. A high term plan claim settlement ratio indicates that a company has settled the most claims. Tata AIA Life Insurance has an individual death Claim Settlement Ratio 23 of 99.41% for FY 2024-25
To learn about all the term life insurance policy documents needed for the claim intimation and settlement process, please click here.
If you want to file a claim with us, you can choose any of the options below:
The Claims Department, Tata AIA Life Insurance Company Limited B- Wing, 9th Floor, I-Think Techno Campus, Behind TCS, Pokhran Road No.2, Close to Eastern Express Highway, Thane (West) 400 607. IRDA Regn. No. 110
Some of the term plan claims that can be filed are:
Yes, if a nominee from outside India wants to file a claim, they can upload attested copies of their documents through email or online. To file the claim online, they will need to courier the documents to a representative in India who can come to our office and file the claim on their behalf.
An insurer can deny your term insurance claim if you fail to submit the required information to process the claim. Additionally, if any of the documents or information you provided at the policy inception are found to be fraudulent, your insurance claim can be denied.
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