Tata AIA Life Insurance : Tata AIA Life Insurance Company is a joint venture between the Tata Group (74%) and the American International Group (AIA) (26%). The company began its life insurance business in India in April 2001.
Tata Group is one of India’s most respected business names with a history dating back over a century. The group has diversified across businesses in India ranging from manufacturing of steel, automobiles, IT services, financial services, power and telecommunications to name a few.
The Group has operations and businesses in over 80 countries. AIA Group Limited and its subsidiaries (collectively “AIA” or “the Group”) constitute the largest independent publicly listed pan-Asian life insurance group in the world. AIA is a market leader in the Asia Pacific region (ex-Japan) based on life insurance premiums and holds leading positions in the majority of its markets.
Tata has entered into both life insurance and non-life insurance businesses in India as separate businesses. Doing business with the Tata brand name automatically inspires a lot of trust. The life insurance business has a strong distribution network of branches, agents and banc assurance channels that are present across India. The company has an excellent range of Protection, Savings and ULIPs which helps them to cater to the various needs of the customers.
Tata AIA Life Insurance
Tata AIA Life Insurance Company Limited is a partnership between Tata Sons Pvt. Ltd. and Tata AIA Life Limited. Tata AIA Life Insurance began its operations in the year 2001. Tata AIA Life Insurance offers economical term insurance plans.
Tata AIA Life Insurance has consistently been among the leading insurance providers in India. Tata AIA Life Insurance aims to deliver solutions to all its customers. There are several life insurance policies available from Tata AIA Life Insurance.
Why should you choose Tata AIA Life Insurance Policy?
Tata AIA Life Insurance offers a comprehensive list of life insurance plans and policies that offer coverage to meet the needs of each customer. Both individuals as well as corporate buyers will benefit from the range of products offered by the company, all of which come with best-in-class customer service and speedy claims process. Some of the benefits of choosing a Tata AIA Life Insurance policy are listed below:
- Ease of Purchase: Tata AIA Life Insurance policies can be purchased online, saving prospective policyholders the hassle of visiting the branch with all their paperwork. Alternatively, a representative will visit the policyholder’s home and complete all the required formalities.
- Wide range of policies: Tata AIA Life Insurance has a wide range of policies to choose from that provide coverage to meet the needs of a diverse group of individuals and organisations.
- Claim Settlement: The company has a high claim settlement ratio and a dedicated team that provides claim support round the clock.
- Quick Settlement of Claims: Tata AIA Life Insurance has set up a network that ensures prompt settlement of claims made (within 48 hours) and makes it easier for claimants to file, track the status of their claims and receive their payments. There is a streamlined process made easy.
Types of Tata AIA Life Insurance Plans
Term Insurance:
1.Sapoorna Raksha Supreme:
- Medical consultation is provided online.
- Additional benefits are provided to women.
- Second medical opinion can be obtained.
- You have the option to choose between income or a lump sum payment.
2.Saral Jeevan Bheema:
- The plan is inexpensive and simple.
- The premiums paid are lower for women.
- Tax advantages are provided.
- Safety can be enhanced by selecting riders.
- You have the option of choosing the premium and policy term.
Unit Linked Insurance Plan (ULIP)
1.Fortune Maxima:
- Tax advantages are provided.
- Investment options have been provided.
- Lifetime coverage is offered.
- Market-related returns.
2.Fortune Pro:
- Tax advantages are provided.
- Investment options have been provided.
- Market-related returns.
3.Wealth Maxima:
- Tax advantages are provided.
- Investment options have been provided.
- Lifetime coverage is offered.
- Market-related returns.
4.Wealth Pro:
- Tax advantages are provided.
- Investment options have been provided.
- Market-related returns.
5.Smart Sampoorna Raksha:
- Tax advantages are offered.
- Investment options have been provided.
- Market-related returns.
- Attractive money back is provided.
How to claim insurance with TATA AIA?
Making an insurance claim through Tata AIA is a quick and simple process. Policyholders and their dependents can choose to claim the insurance online or offline depending on their convenience. Tata AIA has easy-to-follow guidelines which are user-friendly, making the claim process a hassle-free one for the claimant.
The process of online and offline insurance claim is given below.
Online Insurance Claim Processing
Individuals who wish to file a claim online can visit the website of Tata AIA Life Insurance Company and click on Claim with Ease option in the Customer Service tab at the top of the screen. Or visit this link directly – Tata AIA Claims
After this the person will have to select Register Claim Online, after which an online form will appear onscreen.
Here, to verify your policy, you will have to provide the policy number, policyholder name, date of birth and registered mobile number. And then click on the Authenticate button.
The nature of the claim being filed has to be selected from the options provided (Death, Critical Illness, Hospitalisation/Surgery, Death of the Payer).
The individual must fill the following details:
- Name of the insured.
- Date of occurrence.
- Because of the events.
- Name of person reporting claim.
- Email address of the person reporting the claim.
- Mobile number of the person giving information about the claim.
- Address of the person giving notice of the claim.
- State & Pincode.
- If any document is to be submitted, the same can be uploaded.
After completing the form click on the Submit button at the end of the form.
Once the documents have been received and reviewed, the claims team will notify the claimant if any additional documentation/information is required.
Upon review of additional documents, if any, the claims team will inform the claimant and remit the payment through NEFT.
Offline Insurance Claim Process:
Individuals who wish to file an insurance claim offline can do so by calling the Tata AIA helpline number or visiting a Tata AIA Life Insurance Company branch.
Alternatively, persons can also write to the company and inform them about the claim.
Individuals can also file the claim through their insurance agent.
Persons visiting a branch to file a claim will have to fill a claim form mentioning details such as:
- Name of the insured.
- Policy no.
- Policyholder’s name.
- Date of occurrence.
- Due to incidents.
- Name of person reporting claim.
- Mobile number of the person giving information about the claim.
- Address of person reporting claim.
- State & Pincode.
Once the documents have been processed and verified by the claim team, the individual will be informed if any additional documents are required.
The claims team will inform the claimant about the status and the payment will be released through NEFT.
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