Compare Tata AIA Life Insurance Plans

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Tata AIA Life Insurance Company

A joint endeavour of the AIA Group (AIA) and Tata Sons, Tata AIA Life or Tata AIA Life Insurance Company has an unparalleled reputation in India. AIA has a status of being the world’s largest pan-Asian life insurance company. Together these two form one of the most trusted brands in the insurance section in India.

With branches across all major cities of India, Tata AIA offers an extensive array of policies to choose from. It offers life, health and group insurance policies to all sections of the society in India.

Why choose Tata AIA?

Tata AIA Life Insurance has a very customer friendly reputation. Its policy plans ensure that the customer receives maximum benefits.

The life insurance plans offered by the Tata AIA provide an all-inclusive coverage for all the uncertainties of life.

From children to senior citizens, Tata AIA provides a wide range of policies for the comfort and safety of its policyholders. The additional benefits and rider plans provided by TATA are very economical.

The company staff and authorities are very dedicated to provide a user-friendly interface to their customers.

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.
  • Tata AIA Child Plans:

  • 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

Tata AIA Retirement Plans:

  • 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
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