How Does TATA AIA Term Plan With Return Of Premium Work?

What are Eligibility Criteria Points for Tata Aia Term Plan?

Tata AIA Life Insurance offers various term insurance plans, and the eligibility criteria may vary depending on the specific plan you are interested in. However, some common eligibility criteria points for Tata AIA Term Plans are:

• Age: The minimum age for purchasing a Tata AIA term plan is usually 18 years, while the maximum age varies from 65 years to 80 years, depending on the plan.
• Policy term: The policy term varies from 5 years to 40 years, depending on the specific plan.
• Sum assured: The minimum sum assured for Tata AIA term plans is usually Rs. 25 lakhs, while the maximum sum assured can be as high as Rs. 25 crores or more, depending on the plan.
• Medical history: Applicants are required to disclose their medical history and undergo a medical examination if required by the insurer.
• Premium payment: The premium payment frequency can vary from monthly, quarterly, half-yearly, or annually, depending on the specific plan.
• Occupation: The nature of the applicant's occupation can also affect their eligibility for the plan and the premium amount.

What are the Benefits of Term Plan Tata AIA?

Tata AIA Life Insurance offers a range of term insurance plans that are designed to provide financial protection and security to policyholders and their families in the event of unforeseen circumstances. Some of the key benefits of term plans offered by Tata AIA Life Insurance include:

• Affordable premiums
• Flexible coverage options
• High sum assured
• Accidental death benefit
• Tax benefits

What are the Documents Required for Tata AIA Term Insurance of Rs 1 Crore?

Tata AIA Life Insurance offers various term insurance plans, and the specific documentation requirements may vary depending on the plan and the individual's circumstances. However, here are some of the common documents that may be required to apply for a Tata AIA term insurance plan with a sum assured of Rs 1 crore:

• Identity Proof: Aadhaar card, PAN card, Voter ID card, Passport, or Driving License.
• Address Proof: Aadhaar card, Passport, Voter ID card, Utility bills (not older than three months), or Bank statement.
• Age Proof: Birth certificate, PAN card, Passport, Driving License, or School/College leaving certificate.
• Income Proof: Salary slips, Income tax returns, Bank statements, or Form 16.
• Medical Reports: Depending on the age and health condition of the applicant, medical reports may be required to assess the risk involved in the policy.

What is TATA AIA Term Plan?

TATA AIA Term Plan is a life insurance policy that provides financial protection to the policyholder's family in the event of their untimely demise during the policy term. It is a pure protection plan that offers a lump-sum payment to the nominee/beneficiary in case of the policyholder's death but does not offer any maturity or survival benefits.

TATA AIA Term Plan offers different options, including level cover, increasing cover, and return of premium. TATA AIA Term Plan also offers riders, such as critical illness cover, accidental death benefit, and waiver of premium, which can be added to the policy for additional coverage.

How to Buy Tata AIA Term Insurance?

Buy a Tata AIA term insurance policy online at PolicyBachat easily by comparing life insurance quotes to get the best life insurance policy.
The following are the steps to buy the Tata AIA Term Insurance

• Step 1: Visit the PolicyBachat website.
• Step 2: Enter the required details such as name, date of birth, income, tobacco user, etc.
• Step 3: The premium calculator will recommend plans with different premium rates for you in accordance with the details you have provided.
• Step 4: Select the best TATA AIA term insurance plan and click on proceed to purchase it online without any delay.