Plan Benefits
Simple and Affordable Pure Protection Plan:
Select your choice of sum assured to safeguard your family against all possible future financial risks due to unforeseen events.
Pay your Way:
Choose a policy term and premium paying term of your preference for as long as you want your family to receive life cover protection.
Special Premium Rates:
As a woman policyholder, you can enjoy special premium rates on your Term Plan, subject to the terms and conditions under the policy.
Tax Benefits:
Get tax benefits# on the policy premiums paid as well as the sum assured received by the nominee in case of any claim as per applicable income tax laws.
Optional Riders:
With optional riders^ you can increase the plan coverage to safeguard your loved ones from unforeseen events.
Affordable Premium:
In case of Term Insurance Plan, you can opt for higher cover amount at affordable premiums if you buy at a younger age.
Eligibility & commission-related information
| Plan Parameters | Minimum | Maximum | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Age at Entry |
You must be at least 18 Years of Age |
The maximum entry age is 65 Years |
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Maximum Age at Maturity |
70 Years |
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Policy Term (PT) |
Minimum: 5 years |
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Premium Payment Term(PPT)(Years) |
Regular Pay: Equal to policy term Limited Pay: 5 or 10 years subject to premium paying term being less than policy term. Single Pay: You can pay a single Lump Sum premium amount at policy inception. |
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Basic Sum Assured (Cover Amount) |
The minimum cover that can be given under this plan is ₹5,00,000 |
The maximum cover that can be given under this plan is ₹49,50,000.The limit may be subject to the Board Approved Underwriting Policy (BAUP). | |||||||||
Premium Payment Mode |
You can pay your premiums in Single / Annual / Half-yearly / Monthly (only with ECS/NACH) mode. | ||||||||||
Note: All references to age as on the last birthday. The Basic Sum Assured shall be in multiples of ₹50,000.
Details of the commission earned by the Bank as a corporate agent from its life insurance distribution business are as follows::
| LoB Category | First Year Commission | Renewal Commission | Single Premium Commission | |||
|---|---|---|---|---|---|---|
Min |
Max |
Min |
Max |
Min |
Max |
|
Pension |
5.00% |
70.00% |
0.50% |
3.00% |
1.00% |
2.00% |
Term Protection |
20.00% |
90.00% |
2.00% |
2.00% |
1.00% |
2.00% |
Par & Non-Par Savings & Investment |
20.00% |
70.00% |
0.25% |
7.50% |
1.00% |
2.00% |
Health |
15.00% |
70.00% |
1.00% |
1.00% |
2.00% |
2.00% |
ULIP |
5.00% |
10.00% |
0.50% |
1.00% |
1.00% |
1.00% |
ILP |
15.00% |
65.00% |
0.50% |
1.00% |
2.00% |
2.00% |
Note: The commission varies depending upon the product in each category, tenure, amount of premium and premium paying term.
Disclaimer
- The complete name of Tata AIA Saral Jeevan Bima is Tata AIA Life Insurance Saral Jeevan Bima - A Non-Linked Non-Participating Individual Pure Risk Premium Life Insurance Plan
- #Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility for tax implications mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
- ^Riders are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/Intermediary/branch.
- Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider - A Non-Linked, Non-Participating Individual Health Rider is available under this plan
- Applicable only to non-early claims of more than 3 years of policy duration, non-investigation cases, up to Sum Assured of ₹50 lakhs. Applicable for branch walk-in. Time limit to submit claim to Tata AIA is by 2 pm (working days). Subject to submission of complete documents. Not applicable to ULIP policies and open title claims.
- Individual Death Claim Settlement Ratio is 99.41% for FY 2024-25 as per the latest annual audited figures.
- 89,43,554 families protected till 31st May 2025.
- This product is underwritten by Tata AIA Life Insurance Company Ltd. This plan is not a guaranteed issuance plan, and it will be subject to the Company’s underwriting and acceptance.
- Insurance cover is available under this product.
- For more details on risk factors, terms and conditions please read the Sales Brochure carefully before concluding a sale.
- In case of sub-standard lives, extra premiums will be charged as per our underwriting guidelines.
- Buying a Life Insurance policy is a long-term commitment. An early termination of the policy usually involves high costs, and the Surrender Value payable may be less than all the Premiums Paid.
- All premiums and interest payable under the policy are exclusive of applicable taxes, duties, surcharge, cesses, or levies which will be entirely borne/paid by the Policyholder, in addition to the payment of such premium or interest. Tata AIA Life shall have the right to claim, deduct, adjust, and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy.
- No Goods and Service Tax shall be applicable on Individual life insurance products as per prevailing laws. Tax laws are subject to amendments from time to time.
- For more details on risk factors, terms and conditions please visit us at: www.tataaia.com
- L&C/Advt/2026/Feb/1190
HDFC Bank Limited (4621612) (IRDAI Registration No: CA0010) is the Corporate Agent of Tata AIA Life Insurance Company Limited and does not underwrite the risk or act as an insurer. HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between Tata AIA Life and the Insured and not between HDFC Bank and the Insured.
Tata AIA Life Insurance Company Limited (IRDAI Regn. No. 110) CIN: U66010MH2000PLC128403.
Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013. Trade logo displayed above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Company Ltd. under a license. For any information including cancellation, claims and complaints, please contact our Insurance Advisor / Intermediary or visit Tata AIA Life's nearest branch office or call 1-860-266-9966 (local charges apply) or write to customercare@tataaia.com. Visit us at: www.tataaia.com
Frequently Asked Questions
A Term Plan is unlike other life Insurance Plans because it only offers a pure life cover and no maturity or survival benefits, or other pay-out benefits. Term Insurance Plan are also quite well-known for their highly affordable premiums, even when the sum assured is high.
A term insurance plan offers a simple but extensive life cover protection that ensures the future financial security of your dependents or beneficiaries. In case of your demise within the policy term, the predetermined sum assured is paid out to them so they can secure themselves financially.
No, on the contrary, Term Insurance premiums can be quite affordable even if you opt for a high sum assured. If you opt for a Term Insurance plan at a younger age, the premium amount is affordable and does not change during the policy term except for taxes as per applicable tax laws.
It is always advisable to purchase a term plan in your 20s or as early as the minimum entry age so that you can benefit from low premiums. At a younger age, you have considerably lower health risks as compared to an older individual, which is why the premiums will also be low.
The maximum basic sum assured you could opt for under this policy is 49,50,000, which may be subject to review as per the company’s policies and guidelines.
There is no maturity benefit under this term policy. The death benefit payable on the death of the policyholder is as follows:
- In case of Regular Pay or Limited Pay, the highest of 10 times the annualised premium (total premiums paid in a year), the predetermined sum assured to be paid on death or 105% of the total premiums paid until the date of the death, will be payable.
- In the case of Single Pay, the highest of 125% of the Single Premium or the predetermined sum assured to be paid on death will be payable.
You can add rider options available under the term plan to your base policy. They can be attached to the policy at the start of the policy duration or on any of the policy anniversaries, provided the rider policy term and premium paying term do not exceed that of the base term plan. These riders will come at an additional but nominal premium cost.
In case you cancel the term plan, you can get 70% of the total premiums paid under the Limited Pay and Single Pay options, provided 2 successive years of premiums have been paid in full, and the policy is still valid at the time of cancellation.
The policy offers the Regular Pay, Limited Pay, and Single Pay options under the premium payment mode, while the premium paying term will be as follows:
- Regular Pay: Equal to the policy term
- Limited Pay: 5 or 10 years, as long as the premium paying term is shorter than the policy term.
- Single Pay: Lump sum amount at policy inception
No, the Tata AIA Saral Jeevan Bima does not offer any loan facility under the policy.
To raise a claim, you can choose any of the following channels to reach out to us.
- 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
Yes, if your nominee wants to file a claim from outside India, they can file the claim online on our official website and upload all the necessary documents there or send them to us via email. If they file an offline claim, they will have to courier the documents to their representative in India, who can visit any of our office branches and submit them to file the claim.
Please click here to know the list of documents needed for the claim intimation and settlement process.