Tata AIA Life Insurance plans

Tata AIA Life Iraksha Trop Term Insurance

Presenting the Tata AIA Life Insurance iRaksha TROP, a plan that is the ideal solution to provide a strong 'foundation' to protect the income of our loved ones. Tata AIA Life Insurance iRaksha TROP not only ensures peace of mind due to financial protection provided to your family during the term of the policy but also return the Total Premiums Paid1 at the end of the Policy Term.

Key Benefits

  • Life Cover for Policy Term of up to 40 years or up to Age 100 years
  • Choice of Single, Regular or Limited (5 / 10 Years) Premium Paying Term
  • Lower premiums rates for Non Smokers and Female lives
  • Tax benefits u/s 80C and 10(10D)
  • Return of premium at maturity *
  • Additional protection with optional Rider
  • Large Sum Assured discount for Higher Coverage
* Total of all the premiums received, excluding any extra premium, any rider premium and taxes and excluding loading for modal premiums, if any will be returned on survival till maturity
Request a Call Back
Name is required
Email is required
Contact is required
Thank you for contacting us

Tata AIA Life insurance review

Tata AIA Life Insurance plans
Distribution - Number of branches pan India (March 2019)
222
Entry Age Minimum/Maximum (Years) - Term Plans
18/70
Sum Assured Minimum / Maximum - Term Plans
50 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
10/40
Solvency Ratio (FY 2018-19) *
2.60
Number of Policies Sold (Ind+Group) *
478,182
Number of Lives Covered (Ind+Group) **
927,653
Claims Settlement Ratio (Ind+Group) ***
99.22%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Tata AIA Life Iraksha Trop Term Insurance Overview

  • Key highlights
  • Eligibility

Key highlights of Tata AIA Life Iraksha Trop Term Insurance

  • One plan- two benefits Protection- life insurance coverage against unfortunate demise Return of Premium1 – in case of survival till maturity
  • Choice of Single, Regular or Limited premium payment term
  • Benefit from a healthier lifestyle through preferential Premium Rates for Non-Smokers
  • Discount on rates for customers opting for higher level of protection
  • Female customers can avail the benefit of lower rates
  • Enhance your protection with optional Rider
  • Tax benefits as per applicable tax laws

Eligibility Criteria of Tata AIA Life Iraksha Trop Term Insurance

Plan Parameters Minimum Maximum
Age at Entry 18 years For Single Pay/ Regular Pay / Limited Pay 5 – 70 years
For Limited Pay 10 – 65 years
Maturity Age 28 years 100 years
Policy Term
Premium Payment Term Policy Term
Regular Pay 10 to 40, subject to maximum maturity age 100 years
Single Pay 10 to 40, subject to maximum maturity age 100 years
Limited Pay - 5 yrs 10 to 40, subject to maximum maturity age 100 years
Limited Pay - 10 yrs 15 to 40, subject to maximum maturity age 100 years
Premium Payment Term Limited Pay – 5 / 10
Regular Pay
Single Pay
Basic Sum Assured(Sum Assured in multiple of 1,00,000) ₹ 50,00,000 No Limit subject to Board approved underwriting policy
Premium Based on Minimum Basic Sum Assured Based on Maximum Basic Sum Assured

Brochure

Review Tata AIA Life Iraksha Trop Term Insurance Insurance brochure to understand coverage details.

Know more »

Policy wordings

Review Tata AIA Life Iraksha Trop Term Insurance Insurance policy wordings which explains the terms and conditions.

Know more »

Search for Tata AIA Life Term Life insurance

-

ONLINE CHAT

CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025