Hello, I am writing this on my personal experience with TATA AIA life Insurance. I had taken my policy in 2017 and the Manager was knowledgeable and gave me a proper guidance on the same because we all know that we are investing some money to get something. He follow-up with me every 15 Days.
Now I will tell the best part of my policy.
Before going to take the policy I check with many Term insurance companies and Banks and as we know from advertisement and sites and policies in general we need to pay certain amount annually and they give some lumsum amount if we "DIE" after a year of taking policy.
"Please don’t get DIE within the same year when you have taken policy because you will not get anything". one year has to complete for any policy to get effective.
I pay 12500 INR annually for my policy and the the issured amount is 85 Lakhs upto 70 years I have to pay. here comes the best part of TATA AIA when I took this policy in 2017. Other policies I am not sure now how they changed or not.
In my policy I have to pay the amount till 70 years as how normally it works. In other policies after a maturity of your term insurance you won’t be getting anything so all your money which you pay annually is waste after 70 years of your age. But in TATA AIA policy you get all your money back after 70 years together even you are alive. If not it will go to your family members. So you are investing your money or you can say that you are saving your money with this policy. Wether a person dies or not they get there money back. for Example I am 30 years and I pay 12500 INR annually till 70 years. so if nothing is happening with me till 70 years then I get 1250 INR 40 years which comes 5LPA.
So I think its good saving with no loss at the age of 70.
have a nice day and have a good life. follow me for more reviews and knowledge.