Compare Tata AIA Life Insurance Plans
Tata AIA Life Insurance Company
Why choose Tata AIA?
Different Kinds of Tata AIA Life Insurance Plans
The different categories of policies offered by Tata AIA are:
Life Insurance Protection Plans:
iRaksha TROP
Maha Raksha Supreme
iRaksha Supreme
Life Insurance Savings Plans:
Smart Growth Plus
MahaLife Gold Plus
MahaLife Magic
Money Maxima
Smart Income Plus
Wealth Plans:
Fortune Maxima
Fortune Pro
Wealth Maxima
Group Insurance:
Group Total Suraksha
Group Term Life
Immediate Annuity
Child Plans:
Super Achiever
Good Kid
Micro Insurance Plan:
Saat Saath
Retirement Plans:
Insurance Freedom
Product Details
Life Insurance Protection Plans:
- iRaksha TROP: This is a term insurance plan guaranteeing the return of premium. This plan is available online. It offers policyholders three different premium options to choose from: Regular Pay, Limited Pay, Single Pay.
- Maha Raksha Supreme: This is a non-participating, non-linked life insurance policy. This pure term plan offers a Payout Accelerator Benefit. Through this payout accelerator benefit, 50% of the basic sum insured is advanced if a terminal illness has been diagnosed.
- iRaksha Supreme: This is one life insurance plan which is available at very affordable costs. It is a pure term plan which can be purchased online.
| Plan Type | Basic Sum Assured | Policy Term |
|---|---|---|
| Maha Raksha Supreme | Rs.50,00,000 | 10-40 years |
| iRaksha Supreme | Rs.50,00,000 | 10-40 years |
| iRaksha TROP | Rs.50,00,000 | 10-35 years |
Life Insurance Savings Plans:
- Smart Growth Plus: A smart profit endowment plan, this assurance plan increases your investment growth through guaranteed benefits and collection of bonuses. There are also guaranteed additions of 5.5% per annum on the basic amount insured.
- MahaLife Gold Plus: This is a non-linked and participating insurance policy. It provides cover up to the age of 85 years. The premiums are to be paid only for 15 years in this limited premium paying plan.
- MahaLife Magic: This endowment plan is aimed at boosting the policyholder’s maturity amount. Premium has to be paid for 9 years in this participating and non-linked plan.
- Money Maxima: This is a regular premium assurance plan. To accomplish time bound goals, this endowment plan offers flexible policy terms.
- Smart Income Plus: For meeting the future expenses and needs of the policyholders and assuring a good return on the sum, this assurance plan provides limited pay income. This plan is non-linked.
| Plan Type | Basic Sum Assured | Policy Term |
|---|---|---|
| Smart Income Plus | 11 times annualised premium | 15, 20 & 25 years |
| Monthly Insurance Plan | Rs.1,14,482 | 15 and 20 years |
| Secure 7 | Rs.2,50,000 | 14 years |
| MahaLife Supreme | 10 times annualised premium | 30 and 35 years |
| Fortune Guarantee | Rs.5,00,000 | 10 years |
Tata AIA Wealth Plans:
Tata AIA Life Insurance Wealth Plans are designed for those customers who are willing to take a risk. For those looking for a life insurance policy which also provides market returns, wealth plans are a suitable option.
- Fortune Maxima: This is a unit linked plan that provides policyholders with loyalty benefits for regular and limited payment.
- Fortune Pro: To take care of your child’s financial requirements and making sure his dreams are fulfilled, you should opt for this endowment plan. It is a unit linked assurance plan.
- Wealth Maxima: This ULIP plan allows you to earn huge benefits because it gives you the privilege of investing in the market. It is a lifetime insurance plan.
| Plan Type | Basic Sum Assured | Policy Term |
|---|---|---|
| InvestOne | 1.25 times single premium | 15-30 years |
| Fortune Maxima | 1.25 times single premium/10 times annual premium/0.5 times the policy term annual premium | 100 years minus age of issue |
| Fortune Pro | 1.25 times single premium/ 10 times annual premium/0.5 times the policy term annual premium | 15-40 years |
Tata AIA Group Insurance:
Group plans target companies and organizations that are looking for insurance plans for their employees and their families.
- Group Total Suraksha: This insurance plan offers 2 options: reducing sum insured or Level sum insured.
- Group Term Life: This is a non-linked term plan which is renewable every year. It helps you save up for your future needs, and it also provides protection to you and your family.
- Immediate Annuity: Another good group insurance plan which gives employees the privilege of choosing an annuity payment mode once the purchase price in a single sum is authorized.
- Super Achiever: This is a unit-linked, non-participating plan which gives financial security to a child in case of his /her parents’ death. This endowment plan also gives the choice of enhancing the investment through top-ups.
- Good Kid: This is a participating endowment plan which is non-linked. It provides money back benefits and also a waiver of premium.
| Plan Type | Basic Sum Assured | Policy Term |
|---|---|---|
| Good Kid | Rs.2,50,000 | 12-25 years |
| Super Achiever | 10 times annual premium | 10-20 years |
Tata AIA Micro Insurance Plan:
Group plans target companies and organizations that are looking for insurance plans for their employees and their families.
- Saat Saath: This plan is a non-participating, non-linked plan which offers pre-decided returns once the policy matures. It also provides 3 years additional life cover once the premium is paid.
| Plan Type | Basic Sum Assured | Policy Term |
|---|---|---|
| Saath Saath | Rs.10,000 | 10 years |
- Insurance Freedom: An endowment plan which is non-participating, this retirement plan provides 10% of the annualized premium every year. If you want to enhance the coverage of the policy, you can add riders to the plan.
| Plan Type | Basic Sum Assured | Policy Term |
|---|---|---|
| Freedom | Rs.2,00,000 | 10-35 years |
