Tata AIA Life Insurance Company Limited is a joint venture between Tata Sons Limited, one of India’s largest business conglomerates, and AIA Group Limited, a leading insurance company in Asia. The company offers a range of life insurance products to meet the diverse needs of its customers.
The company’s vision is to be the most trusted life policy provider in India. To achieve this, Tata AIA Life policy focuses on providing customer-centric solutions, innovative products, and excellent service. The company has a strong distribution network of over 5000 branches and advisors, making its products easily accessible to customers across India.
Insurances provided by Tata:
Tata Group offers a wide range of insurance products through its subsidiary Tata AIG General Insurance Company Limited. Some of the types of Tata insurance available are:
Tata AIA Life Insurance:
Tata AIA Life Insurance products include term insurance plans, savings and investment plans, retirement plans, child plans, and health insurance plans. These products are designed to provide financial protection and security to individuals and families in the event of unforeseen circumstances.
Tata AIA Health Insurance:
Tata AIG offers comprehensive health insurance plans that cover medical expenses, hospitalization expenses, critical illness coverage, and more.
1. Tata AIA Mediprime:
A comprehensive health insurance plan that covers in-patient hospitalization expenses, pre and post-hospitalization expenses, and more.
2. Tata AIA Wellsurance Executive:
A critical illness insurance plan covers you against 11 critical illnesses and provides a lump sum payout on the diagnosis.
3. Tata AIA Health Secure:
A health insurance plan that offers a wide range of benefits, including coverage for daycare procedures, organ donor expenses, and more.
Tata AIA Motor Insurance:
Tata AIG offers car insurance and two-wheeler policies that cover accidental damage, theft, third-party liability, and more.
1. Tata AIA Auto Secure Private Car Package Policy:
A comprehensive car insurance policy that covers accidental damage, theft, third-party liability, and more.
2. Tata AIA Two-Wheeler Long-term Policy:
A two-wheeler insurance policy that provides coverage for up to 3 years.
3. Tata AIA Commercial Vehicle Insurance:
A commercial vehicle insurance policy that covers goods-carrying vehicles, passenger-carrying vehicles, and more.
Tata AIA Travel Insurance:
Tata AIG offers travel insurance plans that cover medical emergencies, trip cancellations, loss of baggage, and more.
1. Tata AIA Student Guard:
A travel insurance policy designed specifically for students studying abroad, providing coverage for medical expenses, study interruptions, and more.
2. Tata AIA Domestic Travel Guard:
A travel insurance policy that provides coverage for medical expenses, trip cancellations, and other travel-related risks within India.
3. Tata AIA Global Travel Guard:
A travel insurance policy that provides comprehensive coverage for international travel-related risks, including medical emergencies, trip cancellations, and more.
Tata AIA Home Insurance:
Tata AIG offers home insurance plans that cover your home and its contents against damage or loss due to natural calamities or theft.
1. Tata AIA Home Secure Supreme:
A home insurance policy that provides comprehensive coverage for your home and its contents, including coverage for natural disasters, theft, and more.
2. Tata AIA Standard Fire and Special Perils Policy:
A fire policy covers damage or loss due to fire, lightning, explosions, and more.
Tata AIA Personal Accident Insurance:
Tata AIG offers personal accident insurance plans that cover accidental death, permanent total disability, and more.
1. Tata AIA Personal Accident Policy:
A personal accident insurance policy that provides coverage for accidental death and permanent total disability.
2. Tata AIA Accidental Hospitalization Reimbursement:
A personal accident insurance policy that provides coverage for accidental hospitalization expenses.
3. Tata AIA Commercial Insurance:
Tata AIG offers various types of commercial insurance plans, including liability policies, property insurance, and marine cargo insurance.
These are some of the main types of policies offered by Tata AIG, but they may have additional insurance products available depending on your location and needs.
Tata AIA Term Insurance:
Tata AIA Term Insurance is a type of life policy offered by Tata AIA Life Insurance Company. It provides financial protection to the insured’s family in case of the policyholder’s untimely demise during the policy term.
The policy offers a lump-sum payout to the nominee in case of the policyholder’s death, which can help the family meet their financial obligations and maintain their standard of living. The policy term can range from 5 years to 40 years, depending on the policyholder’s age and other factors.
Tata AIA offers different variants of term policies to suit the varying needs of individuals. These variants include pure protection plans, plans with a return of premium, plans with additional riders for enhanced coverage, and plans for women with specific benefits.
To purchase Tata AIA Term Policy, one needs to fill out an online application form or visit the nearest Tata AIA Life Insurance branch. The premium for the policy is based on factors such as the age, health condition, and lifestyle habits of the policyholder.