Tata AIA Insurance Reviews, Ratings, Best Plans and USPs

In this section, you will be able to learn about all the major plans that are provided by TATA AIA. For ease of understanding, the plans are arranged into different sections depending on their type. All of this information is mentioned below.

Protection Plans

TATA AIA Life Insurance Sampoorna Raksha

The TATA AIA Life Insurance Sampoorna Raksha plan is a term insurance policy that provides complete protection to the family of the policyholder. The plan comes with a life cover for a policy term of up to 40 years to 80 years of age.

Policyholders can choose to enhance the coverage of their policy by opting for optional rider benefits. The death benefit can also be availed as a lump-sum amount or a monthly income for the next 10 years. Some other details of this product are:

Product Details	Minimum	Maximum
Entry Age	18 years	70 years
Age of Maturity	28 years	85 years
Life Cover	-	100 years
Sum Assured	INR 50,00,000	No maximum limit

TATA AIA Life Insurance Sampoorna Raksha +

The TATA AIA Life Insurance Sampoorna Raksha + plan provides financial protection through a policy term of 30 years to 80 years of age. Policyholders can also avail return of premiums in the case of survival through the term.

This insurance plan is also offered at a lower premium to females and non-smokers. The plan also comes with a regular premium paying term or limited premium payment term. The limited term can range from 5 years to 10 years. Other details of this policy are:

Product Details	Minimum	Maximum
Entry Age	18 years	70 years
Maturity Age	28 years	100 years
Death Benefit	Available in two options of either getting a lump-sum assured value on death or getting a lump-sum value and the rest as monthly income for 10 years	-
Sum Assured	INR 50,00,000	No maximum limit

Wealth Plans

TATA AIA Insurance Invest One

The TATA AIA Insurance Invest One provides its policyholder with the benefit of insurance and market linked returns with only a single-time premium payment. The plan also comes with guaranteed maturity and loyalty benefits. These benefits assure that policyholders will only get maximum returns.

There are eight fund options provided with this policy. The overall policy term can also range from 15 years to 30 years. Some other details of the policy are mentioned below.

Benefit	Minimum	Maximum
Entry Age	0 years or 30 days	75 years
Death Benefit	105% of the single premium that was paid	-
Sum Assured	1.25 times the single premium paid at the beginning of the policy	-

TATA AIA Life Insurance Fortune Maxima

This policy is categorized as being a non-participating unit linked whole life plan. This plan provides policyholders to maximize their entire life protection corpus with the ability of market-driven growth. In this plan, customers have to pay the premium once or only for a limited period of time.

The policy provides protection to an individual for his or her entire life. There are also additional 11 fund options. Policyholders can customize their plans with these additional options and three unit-deducting riders. There are also some other details about this policy. These details are:

Benefits	Minimum	Maximum
Entry Age	0 years or 30 days	60 years
Age of Maturity	100 years	-
Death Benefit	The death benefit paid to the policyholder is higher than the basic sum assured net of all deductible partial withdrawals	105% of the total single or regular premium paid or 10 times of the annualized premium only in cases where the premium payment term is limited

TATA AIA Life Insurance Monthly Insurance Plan

The TATA AIA Life Insurance Monthly Insurance plan is specifically designed for building a financial corpus. This can help an individual to save a fixed monthly for a limited period of time. A lump-sum benefit is also provided to policyholders on maturity.

Policyholders can also become eligible for compounded reversionary bonuses plus terminal bonuses and guaranteed yearly additions. This would enhance the savings of the individual. Other details of the policy are mentioned below.

Benefits	Minimum	Maximum
Entry Age	0 years or 30 days	50 years
Age of Maturity	18 years	70 years
Death Benefit	It will be more than the sum assured with accrued guaranteed yearly additions and vested compound reversionary bonus plus terminal bonus	105% of total premium paid
Sum Assured	INR 114,482	No maximum limit

TATA AIA Life Insurance MahaLife Supreme

This plan provides policyholders with dual benefits of regular income flow and savings outflow. The plan can be categorized as a non-linked non-participating endowment assurance plan. It also comes with several important benefits associated with life protection insurance.

This TATA AIA plan has a limited premium payment endowment plan. There are also assured annual income benefits and additional rider options available. Policyholders can increase their coverage by opting for those options.

There are also two variants of this policy. The entry age for the plan is 18 years to 50 years. The maturity age is 85 years maximum and 80 years minimum. The maturity benefit associated with this policy is 140% - (0.1% x entry age) x basic sum assured.

The sum assured is also 10 times the annualized premium. There is a death benefit provided with this policy too. The basic sum assured is also greater for the first variant of the policy, which has a higher premium, in comparison to the second variant. A maturity sum benefit is also provided with this policy.

TATA AIA Life Insurance Smart Growth Plans

The TATA AIA Life Insurance Smart Growth Plans are non-linked and profit endowment plans. These policies provide flexibility to the policyholder to choose the terms of the policy depending on his or her long-term or short-term saving needs.

In case of death of the policyholder, then the family of the policyholder is provided with double the sum assured. This plan also provides bonuses and guaranteed additions of 5.5% per year of the sum assured.

There are also two variants of this plan. The first variant comes with the endowment option and the second variant comes with an endowment benefit with an inbuilt accidental death benefit. The minimum age of entry is 0 years or 30 days and the maximum age is 50 years. The age of maturity for the policy is 65 years.

The total death benefit payable to the family of the policyholder will be equal to the sum assured plus the accrued guaranteed additions and the compound reversionary bonus plus terminal bonus.

The total amount will also be subjected to a minimum of 105% of total premiums paid on the day of death. The minimum sum assured with this policy is INR 1,50,000 and there is no maximum sum assured limit to this policy.

TATA AIA Life Insurance MahaLife Gold Plus

The TATA AIA Life Insurance MahaLife Gold Plus acts as a short-term investment plan that promises to provide the best returns in the long run. This policy comes with lifelong coverage up to the age of 85 years. The policyholder only has to pay the premium for 15 years.

A lump-sum is provided on maturity and a regular income flow is provided with this policy. All policyholders are eligible to get annual coupons from the 10th to the 30th policy anniversary. Policyholders will also get non-guaranteed cash dividends yearly from the 6th policy anniversary till maturity.

The entry age of the policy is 0 years or 30 days to 55 years. The age of maturity is 85 years. The death benefit is provided in this policy and the minimum sum assured is INR 2,00,000. There is no maximum sum assured limit.

Retirement Solutions

All TATA AIA retirement solutions come with a guaranteed monthly income plan. These plans are also categorized as non-linked and non-participating life insurance plans. In this section, we will look at some of those policies.

TATA AIA Life Insurance Freedom

Through the TATA AIA Life Insurance Freedom policy, policyholders can boost their financial corpus with an assured addition. For this, all you have to do is simply choose a policy term according to your convenience and a 10% annualized premium at the starting of every policy year until the premium paying term ends.

With the help of this plan, policyholders can choose to either retire at the age of 55 years or 60 years. The plan can also be enhanced by opting for additional TATA AIA life accidental death benefit and dismemberment rider options.

Health Solutions

TATA AIA Life Insurance Vital Care Pro

The TATA AIA Life Insurance Vital Care Pro is an insurance plan that provides protection against critical illnesses by paying a lump-sum amount. This happens in case the policyholder is diagnosed with any of the 15 critical illnesses mentioned in the plan documents signed during the beginning of the policy term.

This plan can also help protect the spouse of the policyholder. There is also flexibility to choose from several benefits, including pro care lump-sum benefit, pro care plus lump-sum benefit, and income loss benefit. There is no mandatory examination required for this plan. With this plan, policyholders can become eligible for extra monthly payouts for 10 years on critical illness benefit claims.

Group Insurance

TATA AIA Life Insurance Group Loan Protect

The TATA AIA Life Insurance Group Loan Protect policy plan protects the entire family of the policyholder in case of his or her absence. This is done by paying off any outstanding loans. This prevents the family from being weighed down by any financial burden.

TATA AIA Life Insurance Group Total Suraksha

The TATA AIA Life Insurance Group Total Suraksha is a policy that has a minimum entry age of 14 years and a maximum entry age of 65 years. The minimum sum assured with this policy is INR 1,000 and the coverage can be maximized till the age of 75 years.

The minimum policy term for this insurance plan is 2 years for individual members. And the maximum entry age for this policy is 35 years for individual members. The maximum coverage limit is also non-existent.

This insurance plan is valid on a minimum membership of 50 eligible members. There is an easy enrolment process involved with a single premium payment option and excellent premium rates. The death benefit is also provided in case of the death of insured members. Financial support is also extended to family members in case of any unfortunate event.

Best Policies of Brand

TATA AIA rolls out excellent quality insurances. But there are some insurance plans that sell out more frequently than others. These insurance policies are discussed below.

TATA AIA Insurance Sampoorna Raksha Plan

This plan comes with non-participating and non-liked terms. Policyholders can also choose between any four different death benefit options. In this policy, a life cover is provided till the age of 80 years. There are also variants of the policy in terms of its premium payment terms. One can either opt for regular or limited payment terms. Non-smokers and females can also get a discount on this policy.

TATA AIA Life Insurance Sampoorna Raksha + Plan

The TATA AIA Life Insurance Sampoorna Raksha + plan is also a non-participating and non-linked term plan. This policy provides the policyholder with an adequate return of premiums paid when the plan matures.

There is also a choice offered in terms of the death benefit. Policyholders can choose from any of the two major death benefits. The maximum entry age for this plan is 80 years and both non-smokers and women can receive lower premium rates for this policy. Individuals can also opt for riders to improve the coverage of the plan.

TATA AIA Life Insurance Maha Raksha Supreme

The TATA AIA Life Insurance Maha Raksha Supreme plan comes with a Payout Accelerator Benefit option. This option can help in advancing 50% of the basic sum assured in the case of diagnosis of a terminal illness. It is a non-linked and non-participating insurance plan.

Policyholders can also choose to increase the coverage offered by this policy at any later stage without any new medical underwritings. Premium payments can be done through regular premiums or single premiums. Females and non-smokers will also receive a discount on premium rates on this policy.

TATA AIA Life Insurance iRaksha Supreme

This is an online policy with pure term insurance benefits. The customers can choose their own premium payment terms. The policy is available for purchase only online. Further, policyholders will receive greater benefits on their premium rates if they choose a higher sum assured value.