Top Term Insurance Plans
TATA AIA Life Insurance Sampoorna Raksha Supreme
24 hrs Claim SettlementStarting from:
₹ 794/month*
Quick Claim settlement within 4 hours*
Tata AIA SMART sampoorna raksha PRO
24 hrs Claim SettlementStarting from:
₹ 794/month*
An outstanding claim Ratio of 99.01%
Has partnered with AIA with life insurance expertise of over 103+ years
Providing fast claim settlements in just 4 hours
Max Life Insurance
24 hrs Claim SettlementStarting from:
₹ 777/month*
Claim Settlement Ratio- 99.51%
Quick Claim settlement within 24 hours*
Solvency Ratio- 202%
What is Claim Ratio?
A higher claim ratio is crucial in
assessing an insurer's likelihood to honor
valid claims, making it a key factor in
choosing an insurance company.
Life Insurance Calculator
Make informed decisions that protect
your loved ones' well-being.
100%
Claim Support Guaranteed With
On Ground Claim Assistance.
ICICI Pru
24 hrs Claim Settlement
Download Brochure
- Salient
Features - Know
your Plan - FAQ's
Easy Claim Settlement - 97.8% Claim Settlement RatioExtra Cover against accidental death
Protects you against 34 Critical illnesses with fixed premium.
Immediate Payout on first diagnosis of critical illness. No hospital bills required.
Tax benefits u/s 80C/80D & 10(10D)
Increase your life cover at different stages 5.81 Crore lives Insured
Coverage details
(Dynamic)-Cover requested
₹ 1 crore
Covered until
60 years
of Age (can be changed on
the next stage)
the next stage)
Inclusions
Death due to any cause (e.g. natural, accidental, murder, illnesses, calamities,Covid-19)
Exclusions
Suicide during first year of the policy.
Key Features
Enhanced protection: Coverage against death, terminal illness and disability
Comprehensive additional benefits: Option to choose Accidental Death Benefit
and Accelerated Critical Illness Benefit
Premium as per your Lifestlye choices : Special premium rates for
non-tobacco users
Need based benefit payout: Choose to receive the benefit amount as a lump sum or as
monthly income for 10 years or a combination of both
Flexibility to pay premiums: once, for a limited period or throughout the policy term
Tax Winnings:Tax Benefits may be applicable on premiums paid and benefits
received as per the prevailing tax laws
Life stage protection available: Enhance your coverage as you walk through
different stages of life with your loved ones.
Get longer coverage: Can cover you upto 100 years of age
Start early: Minimum/Maximum age at entry - 18/65 years
Add on Benefits
Special premium rates for life cover and Accelerated Critical Illness Benefit
Covers female organ cancers such as breast cancer and cervical cancer under Accelerated Critical Illness Benefit
Provision to cover you till age of 99 years
Key Statistics for ICICI iPru iProtect Smart Term Insurance:
5.81 Cr
Number of lives Insured as on 31st March 2022
₹ 2.04 Lakh Cr
Claims settled till 31st March 2022
₹ 2.4 Lakh Cr
Asset Under Management as on 31st March, 2022
₹ 23.50 Trillion
Total Sum Assured 470+ Branches across India
Awards
Awarded with Gold Trophy by ET Brand Equity Kaleido Awards 2022 for the ‘Protect & Save’ campaign.
Does this plan have waiver of premium?
In case of permanent disability due
to an accident,
the company waives all future premiums and your policy continues uninterrupted.
Does this plan provide tax benefits?
Yes, it gives three types of tax benefits.Premiums paid are tax-free under section 80 C.
When you opt for Critical Illness benefit you can get additional tax benefit under section 80D.
Claim amount received by you or your nominee is tax free under section 10(10D).
Tax benefits under the policy are subject to conditions under Sec. 80C, 80D,10(10D) and other
provisions of the Income Tax Act, 1961. Goods and Services Tax and Cesses, if any, will be charged extra as per prevailing rates. Tax laws are subject to amendments made thereto from time to time.
Please consult your tax advisor for details, before acting on above.
Can I buy this plan online?
Yes, you can buy this plan online on your desktop or on your mobile phone.
Buying online gives additional discount and takes just 10 minutes
to complete the purchase (subject to realisation of payment and documents).
Can I buy this plan under Married Women's Property (MWP) Act?
Yes, you can buy this plan under MWP act.
In fact, you can attach MWP act even when you are buying online.
All you have to do is tick "yes" in the MWP act question which appears in the application form.
Is death due to suicide included in this plan?
Yes, death due to suicide is covered in this plan. If death of the policy holder
happens due to suicide within a year, the nominee or beneficiary of the policyholder shall be entitled to 80%
of the premiums paid till the death, provided the policy is in force.
At what age can I start this plan?
You can start this plan from the age of 18.
But, the maximum age should not exceed 65 years.
How much premium do I have to pay?
The premium will depend on the Life Cover amount and
other Benefit Options you choose.
It starts from ₹ 2,400 per annum excluding taxes as applicable for Life Option.
How much money will my family receive in case of death due to an accident?
Your family will receive the combined lump sum amount of Life Cover + Accident Cover if chosen by you.
How much Critical Illness Benefit can I choose?
The minimum Critical Illness Benefit you can choose is `1 lakh. The maximum benefit
will be up to the basic Life Cover subject to maximum of `1 crore, as per the company policy.
When do I receive Critical illness pay-out?
This benefit is payable when you are diagnosed for the first time with any of the 34 critical illnesses
covered by ICICI Pru iProtect Smart.
A copy of the diagnosis report is enough to initiate the critical illness claim.
Does my Life Cover or Premium change after I receive the critical illness benefit?
Yes, the Life Cover will reduce by the value of the Critical Illness Benefit paid to you.
As a result, the future premiums you have to pay will reduce as well.
What are the protection benefits available in this plan?
Death and Terminal Illness: Your nominee receives the Life Cover amount in case of your death. You get 100% cash payout of the total life cover amount if you are diagnosed
with terminal illness. The policy will close on payment of either the death benefit or the terminal illness benefit. Terminal Illness refers to the high likeliness
of death within the next six months as diagnosed by medical practitioners that specialise in the same. To know more about the details of Terminal Illness, refer to the information provided in the product brochure.
Permanent Disability: The company pays all due premiums on your behalf in case of permanent disability caused due to an accident. Permanent Disability~ will be triggered if you are unable to
perform 3 out of the 6 following
activities permanently and consistently for 6 consecutive months:
Mobility: The ability to walk a distance of 200 meters on flat ground.
Bending: The ability to bend or kneel to touch the floor and straighten up again and the ability to get into a standard car, and out again.
Climbing: The ability to climb up a flight of 12 stairs and down again, using a handrail if needed.
Lifting: The ability to pick up an object weighing 2 kg at table height and hold it for 60 seconds before replacing the object on the table.
Writing: The ability to write using a pen or pencil, or type using a computer's keyboard.
Blindness (permanent and irreversible): Permanent and irreversible loss of
sight to the extent that even when tested with the use of visual aids,
vision is measured at 3/60 or worse, using a Snellen eye chart.
Accidental Death (optional): In case of death due to an accident, your nominee
receives a lump sum amount called the Accident Cover*.
Critical Illness (optional): On the first occurrence of any of the covered 34 critical illnesses,
you receive a lump sum pay-out*.
Which Benefit is covered under which benefit option?
You can choose your level of protection by selecting one of the four benefit
options to suit your need. The plan options are Life, Life Plus, Life & Health and All-in-one.
Death5, Terminal Illness7 and Permanent Disability6 are covered
irrespective of the plan option chosen as shown below:
Coverage In Case Of An Unfortunate Event
Death
Terminal Illness (including AIDS)
Waiver of all future premiums on permanent disability due to accident
Accidental Death
Does this plan have single premium option?
Yes, this plan has single premium option. Here are the details:
Benefit Options:
Life
Life Plus
Life & Health
All-in-one
Does this plan increase life cover after marriage or birth of a child?
Yes, ICICI Pru iProtect Smart gives you this facility, with life stage protection, under all its plans without any medicals.
Event
Marriage
Birth/Legal Adoption of 1st Child
Subject to a maximum limit as per company policy.
Additional premium will be calculated according to the increased Life Cover and the remaining policy period.
₹ 794/month*
Buy Now
Tata AIA Life Insurance Sampoorna Raksha
Supreme
24 hrs Claim Settlement
Download Brochure
- Salient
Features - Know
your Plan - FAQ's
Express claim-4 Hours Express Claim settlement75% of life cover will be paid out immediately in case of critical illness diagnosis.
Complimentary health check-up every year till your policy term.
Save tax upto Rs. 46,800 every year under Section 80C and get 100% tax free returns on maturity Flexibility to receive benefit as combination of lump sum or income for fixed period.
Get Premium Discount up to 30%^ on rider premiums 2nd year onwards Value Added Service- 4 medical teleconsultations per month covered by the insurer.
Coverage details
(Dynamic)-Cover requested
₹ 1 crore
Covered until
60 years
of Age (can be changed on
the next stage)
the next stage)
Inclusions
Death due to any cause within the policy terms and
conditions.
Exclusions
Suicide within the first year of the policy or
from the date of revival of the policy, leading to limited benefits as
per the policy terms.
Key Features
Enhanced Protection: Choice of one or more Benefit Options (risk covers) including death, accidental death/disability and illness.
Need based benefit payout: Flexibility to receive benefit as combination of lump sum or income for fixed period, Income till survival of partner or Waiver of Premium.
Cover your loved ones: The rider allows you to extend protection to your loved ones too under the same plan.
Option to receive return of balance premiums on maturity
Rewards for a healthy lifestyle with enrolment in Tata's Wellness Program – ‘Tata AIA Vitality’.
Income Tax Benefits as per the prevailing tax laws.
Free Health Check-up annually on your life insurance solution with the inbuilt Tata AIA Vitality Program.
Add on Benefits
Enjoy a free vitality check covering HbA1c, Cholesterol, Blood Pressure, and BMI.
On terminal illness diagnosis, 75% life cover paid immediately, 25% on demise.
Provision to double the benefit in case of accidents.
Key Statistics for Tata AIA Life Insurance Sampoorna
Raksha Supreme Protect:
66,81,026
families protected so far
99.01%
Claim settlement ratio.
11,105 CR.
Total premium collected in FY 2021.
Company grew at 35% vs. Industry growth of 6% (FY18-21 CAGR)
4,32,454 saplings planted
Tata AIA Life Insurance plants a sapling for every Term policy purchased
What is a life insurance solution?
A life insurance solution is a combination
of two or more life insurance products or riders that offer
comprehensive coverage to you and your family. A life insurance
solution is different from a simple life insurance policy as the
features of multiple products/riders are combined to offer multiple
benefits on your policy premiums, life cover, and so on.
Do I need a life insurance solution?
Which are the riders# available under this
policy?
You can choose from the following riders to
cover your family against Accidental Death, Accidental
Disability, Critical Illness or Hospitalization expenses:
Tata AIA Vitality Protect - A
Non-Linked, Non- Participating Individual Health rider
(UIN:110B046V02) – offers life cover, additional cover on
Accidental Death, Accidental Disability or Critical Illnesses
like cancer, heart conditions etcTata AIA Vitality Health - A
Non-Linked, Non- Participating Individual Health rider
(UIN:110B045V01) – offers coverage from Hospitalization
expenses, cancer, cardiac conditions etc Tata AIA Life Insurance
Sampoorna Raksha Supreme
Non-Linked Comprehensive Protection Rider (UIN: 110B033V02)
What is the minimum sum assured I can select for
this term insurance solution?
You can choose a minimum sum assured of ₹50
Lakh for your term insurance solution under the Life Option or the
Life Plus Option, as applicable.
Will I be able to receive discounts on my
premiums with this term insurance solution?
Yes, since the Tata AIA SRS
Vitality Protect has the inbuilt Wellness Program, a 10%
guaranteed discount will be available on your 1st year’s Term
Booster (Rider Benefit option) premium. The discount 2nd year onwards
will be based on your Wellness Status (tracked on Tata AIA
Vitality App) and can go up to 30% of Term Booster premium.
After that, at the time of policy anniversary, you can avail of
other benefits on your premiums and coverage, depending on your
wellness status.Does the Tata AIA Life Insurance Sampoorna
Raksha Supreme Protect offer
whole life coverage?
Yes, a whole life coverage option is
available under the Tata AIA Life Insurance Sampoorna Raksha Supreme
Protect until 100 years of
age.
How many claims can I file under the Tata AIA
Life Insurance Sampoorna Raksha Supreme Protect solution?
One claim can be filed by your nominee
under the Tata AIA Life Insurance Sampoorna Raksha Supreme Protect
solution for the death
benefit, which includes the policy sum assured as well as the Term
Booster benefit. In case of the diagnosis of a terminal illness, you
can submit the required medical reports and documents for the Term
Booster benefit payout.
₹ 794/month*
Buy Now
Tata AIA SMART sampoorna raksha PRO
24 hrs Claim Settlement
Download Brochure
- Salient
Features - Know
your Plan - FAQ's
Offers an impressive AUM of over 73500CRAn outstanding claim Ratio of 99.01%
Innovating life insurance solutions since 2001
Ranked 3rd in FY 2023 for exceptional reliability Has partnered with AIA with life insurance expertise of over 103+ years
Capturing a significant market share of 10.4% A remarkable private market share of 27%
Maintaining a persistent 13th month rate of over 90%
With a robust network comprising 419 TATA AIA branches
Our comprehensive plan has provided protection to over 74 Lakh families
Providing fast claim settlements in just 4 hours
Coverage details
(Dynamic)-Cover requested
₹ 1 crore
Covered until
60 years
of Age (can be changed on
the next stage)
the next stage)
Inclusions
Death due to any cause within the policy terms and
conditions.
Exclusions
Suicide within the first year of the policy or
from the date of revival of the policy, leading to limited benefits as
per the policy terms.
Key Features
Get financial protection to safeguard your family’s future.
Create a second income with New Partial Withdrawal strategies.
Flexibility to choose your policy term and premium payment term.
Get income tax benefits.
Get hospitalization benefits.
High sum assured, to secure your loved ones from unforeseen events.
Flexible premium payment term with an option of whole life coverage.
Choose from a range of debt and equity-oriented funds.
Refund of 2X Premium Allocation Charges.
Refund of 2X Mortality Charges
Smart lady bene¬fit for female customers.
Key Statistics for Tata AIA Life Insurance Sampoorna
Raksha Supreme Protect:
66,81,026
families protected so far
99.01%
Claim settlement ratio.
11,105 CR.
Total premium collected in FY 2021.
Company grew at 35% vs. Industry growth of 6% (FY18-21 CAGR)
4,32,454 saplings planted
Tata AIA Life Insurance plants a sapling for every Term policy purchased
Does a ULIP Policy have a lock-in period?
Yes, the ULIP Policy has a lock-in period of 5 years.
Can I withdraw funds from my ULIP Policy?
You can withdraw funds from your ULIP policy after the 5-year lock-in period.
Can I surrender a ULIP Policy?
You can surrender a ULIP policy. However, it is not recommended to surrender a ULIP
Policy because you might end up
losing the coverage and the investment benefits to a great extent..
What are the withdrawal options available with
Tata AIA Smart Sampoorna Raksha Pro?
The withdrawal options available with the Smart Sampoorna Raksha Pro are:
- Systematic Withdrawal Plan (SWP)
- Chosen-Rate Withdrawal Plan (CWP)
- Based Withdrawal Benefit (IWP)
What are the settlement options available under the
Tata AIA Smart Sampoorna Raksha Pro?
You can have the option to receive Maturity Benefits either in a lump sum
or in the form
of periodical payments over a Settlement Period of five years from the Maturity Date.
How is the Net Asset Value calculated?
The Net Asset Value (NAV) of the segregated funds shall be computed as:
The Market value of the investmentheld by the fund +
value of current assets - (value of current liabilities and provisions, if any).
What are the plan options available under the Tata AIA Smart Sampoorna Raksha Pro?
SSR Pro Classic - Smart Sampoorna Raksha Pro Classic and SSR Pro Optima - Smart Sampoorna
Raksha Pro Optima are the two plan
options available under the Tata AIA Smart Sampoorna Raksha Pro.
What is the Cover Continuance Booster?
Cover Continuance Boosters are non-negative amounts added to your policy.
This additional allocation will be available under both plan options. For the first 15 policy years, at the end of the policy month, if the Fund Value falls below 10% of the Instalment Premium. From the 16th Policy Year till the end of the policy term at the end of
each policy month if the Fund Value falls below the Fund Value implied by the Target Net Yield.
How do I file a claim with Tata AIA Life Insurance?
To file a claim with us, reach out to us via the following channels:
Online using the Online Intimation Page.
Email us at: customercare@tataaia.com
Call our helpline number – 1860-266-9966 (local charges apply)
Walk into any of the Tata AIA Life Insurance Company branch offices
Write directly to us at:
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
What are the documents needed to file a claim under this ULIP?
Please click here to know the list of documents needed for the claim intimation and settlement process
₹ 794/month*
Buy Now
Max Life Insurance
24 hrs Claim Settlement
Download Brochure
- Salient
Features - Know
your Plan - FAQ's
Assets Managed by Max Life Term Insurance
Company-Rs. 107,510 Cr. Claim settlement ratio-99.51%Established in 2000 Solvency ratio-202%Get free coverage against the diagnosis of
Terminal Illness and accelerate pay-out up to Rs. 1 crore. No additional
premium to be paid.
Option to receive all premiums paid back, at a
specified point in the term of the policy (free of cost).No additional
premium to be paid.
Empower the nominee to choose the pay-out mode, at claims stage:
- Lump sum
- Monthly Income
- Part Lump sum and Part Monthly Income
5% Discount on first year premium for salaried customers
Coverage details
(Dynamic)-Cover requested
₹ 1 crore
Covered until
60 years
of Age (can be changed on
the next stage)
the next stage)
Inclusions
Death due to any cause
(e.g.natural, accidental, murder,
illnesses, calamities,Covid-19)
(e.g.natural, accidental, murder,
illnesses, calamities,Covid-19)
Exclusions
Suicide during first year of the
policy
policy
Key Features
Comprehensive Financial Security:
Plan offers death benefit options and add-on benefits.
Terminal Illness Payout:
Receive 100% of Sum Assured (up to 1 Crore) on diagnosis of a
terminal illness.
Tax Benefits:
Premiums up to 1.5 Lac/year exempt from tax under section
80C.Tax-free life cover payout to nominee under section 10(10D)
upon demise.
Premium Waiver in Critical
Situations:Waiver of future premiums on critical
illness or accidental disability diagnosis.
Enhanced Accident Cover: Get
additional cover, up to twice the life cover, at a nominal price
for accidental death.
Accelerated Critical Illness (ACI)
Benefit: Eligible to receive cover amount on
diagnosis of any of 40 specified critical illnesses.
Flexible Claims Payout: Beneficiary
chooses lump sum, regular payments, or a combination for death
benefit.
Max Life term insurance offers a unique
premium break after ten years.
Opt for a one-time exit with Return of
Premiums under specific conditions.
Increase your sum assured with the voluntary
top-up feature after one policy year.
Key Statistics for Max Life Smart Secure Plus
Plan:
37.8 Cr
Number of Lives Covered
₹ 1,174,515 Cr
Sum Assured
₹ 107,510 Cr
Assets Managed
265+
Branches across India
What are The Eligibility Criteria for Max
Life Smart Secure Plus Plan?
The minimum entry age for the new Max
Life term insurance is 18 years, and the maximum age is capped
at 65 years. As per the plan, you pay till the age of 60, and
the maximum entry age is 44 years.
What Are the Premium Payment Options
Available with This Plan?
The premium payment options under this
plan are single pay or regular pay. You can alternatively choose
a limited pay duration (5 pay, 10 pay, 12 pay, 15 pay, or pay
till 60) of the premium payment. The frequency of the premium
payment can be annual, half-yearly, quarterly, or monthly.
What Is the Free Look Period?
The policyholder has a period of 15
days (30 days if the policy is sourced through Distance
Marketing modes) from the date of receipt of the policy document
to review the terms and conditions of the Policy, where if the
policyholder disagrees with any of those terms or conditions,
they have the option to return the Policy stating the reasons
for their objections. The policyholder shall be entitled to a
refund of the premiums paid, subject only to the deduction of a
proportionate risk premium for the period of cover and the
expenses incurred by the company on medical examination of the
lives insured and stamp duty charges.
What is Annualised Premium?
Annualised Premium is the base premium
amount payable in a year which the policyholder chooses, depending
on the policy period and sum assured. The Annualised Premium remains
the same irrespective of the premium payment mode. ‘Annualised
Premium’ shall be the premium amount payable in a year chosen by the
policyholder, excluding the taxes, rider premiums, underwriting
extra premiums and loadings for modal premiums, if any. The
Annualised premium remains the same irrespective of the premium
payment mode.
₹ 777/month*
Buy Now
Bajaj Allianz Life Insurance
24 hrs Claim Settlement
Download Brochure
- Salient
Features - Know
your Plan - FAQ's
Claim Ratio- 99.04%The Largest Non-Bank promoted Life Insurance
Company. Solvency ratio(company's ability to settle
claims)is of 516% ₹ 1 Lakh immediate payment on claim intimation
Term Insurance Includes Extra Discount of 1% on
life time premium This discount will be applicable only in case of opting
for autopay
Includes additional 5% Discount for 1st year for
customers new to life insurance Get your premium back for free - if cover till
age is 68 & above
Premium Holiday options which help you skip your
premiums for 1, 2 or 3 years during the premium payment term.Coverage details
(Dynamic)-Cover requested
₹ 1 crore
Covered until
60 years
of Age (can be changed on
the next stage)
the next stage)
Inclusions
Death due to any cause
(e.g.natural, accidental, murder,
illnesses, calamities,Covid-19)
(e.g.natural, accidental, murder,
illnesses, calamities,Covid-19)
Exclusions
Suicide during first year of the
policy
policy
Key Features
Benefit Payout on Death:
Nominee/heir receives Sum Assured chosen at policy inception.Policy
terminates on the death of the Life Assured.
Terminal Illness Benefit:
100% life cover paid immediately on diagnosis.Replaces traditional
payout on death for terminal illness.
Coverage Features:
Covers death and terminal illness.Premiums waived on Accidental
Total Permanent Disability or Terminal Illness.
Tax Benefits:
All Premiums paid upto 1.5 Lac a year are exempted from tax under
section 80C In case of your death the life cover paid to your
nominee is completely tax free under section 10(10D)
Premium Payment Flexibility:
Choose premium payment term: throughout policy, limited years, or
till retirement.
Premium Skipping Option:
Option to skip premiums for 1, 2, or 3 years during premium payment
term.
Early Exit Option:
Exit early after coverage need ends, receive paid premiums as Early
Exit Value.
Additional payout on death due to an
accident.Choose to skip premiums 1, 2, or 3 times yearly and maintain
coverage during the break.
Key Statistics for Bajaj Allianz Life Insurance:
2.82 cr
Number of Lives Covered
₹ 90,584 cr
Total Assets Under Management
₹ 10,785 cr
Net Worth
25%/div>
Growth in Renewal Premium
Can I withdraw money from Bajaj Allianz Life
Insurance?
Policy withdrawal is possible after 5
years during which there is no surrender charge.
How many years of premium holidays can be
opted in e touch?
Bajaj Allianz Life eTouch Term offers a
Premium Holiday option – where you can skip paying premiums for
1, 2 or 3 years during the policy term (as per your choice).
What is the entry age in eTouch Life Shield
?
Entry Age. For Life Shield Plus
variant: Minimum Age: 18 years. Maximum age: 65 years.
Which rider is available in e touch?
Accidental Death Benefit Rider: With
this rider, your family will be paid an additional amount of
money, if you pass away due to an accident.
What is the claim ratio of Bajaj Allianz?
The claim settlement ratio of Bajaj
Allianz Life Insurance is 98.48% for the financial year 2021-22
as per IRDAI Annual Report. This is considered a high CSR which
means for every 100 claims received, 98 claims are settled.
What is percentage discount available in e
touch salaried?
Customers can avail up to 10 percent
(cumulative) discount on Bajaj Allianz Life's flagship Term
Plans - Bajaj Allianz Life eTouch and Bajaj Allianz Life Smart
Protection Goal, the insurance firm said in a statement.
