Tata AIA Life Insurance Premium Calculator

• Reduce taxable income by up to Rs. 1,50,000 deduction under section 80C**
• Convenient payment options - annual, half-yearly, quarterly or monthly premium payments
• Do more with plans that offer pure protection, retirement planning and investment option

There are 24 life insurance companies operating in the Indian market. With the entry of private players into the industry, the life insurance industry has undergone major changes in terms of competition and reach. Tata AIA is currently one of the top private players in the market. Similar to all top players in the market, Tata AIA offers a diverse range of policies for its customers. The investment-oriented life insurance covers offered by the company can be used for wealth creation as well as securing the future. While planning their new investments, customers can use the premium calculators offers by the company and get an understanding of their exact returns.

Need for premium calculators

When it comes to life insurance plans, the investment or savings-oriented plans are mainly intended to meet certain life goals. In addition to the investment earnings, customers can also protect their investments and secure their family’s needs through the life insurance aspect of these covers. Be it buying a new car or saving money for children’s education, premium calculators are essential for customers to get an understanding of how much they can get in return. These premium calculators take various factors into consideration while delivering the output to customers. Customers can try out different options and adjust their investments accordingly to achieve their specific investment goals.

How to use Tata AIA Life Insurance Premium Calculators

The step-by-step instructions for accessing the life insurance premium calculators offered by Tata AIA are listed as follows:

• Visit the official website of Tata AIA at http://tataaia.com/
• On the homepage, you can see the list of plans offered by the company under the menu ‘plans’.
• When you keep the mouse pointer on the ‘plans’ menu, you can see the list of plans in the drop-down menu.
• Locate the type of plans you are planning to purchase and place your mouse pointer on it.
• You can see the ‘premium calculator’ button for the specific type of plans.
• Open the premium calculator page and enter your personal details like gender, age, policy type, sum assured amount, premium payment mode, etc.
• When you proceed further, you can calculate the premium amount for your chosen age and desired sum assured amount.
• You can calculate the premium for other types of plans using the same procedure.

Advantages of using a life insurance premium calculator

The key advantages of using a life insurance premium calculator are listed as follows:

• For companies, premium calculators are helpful in catering to a large customer base. Insurers can appeal to customers all over the country and let them calculate the premium amount by themselves. In this way, they can also generate new leads and contact interested individuals.
• Most of the life insurance companies in the market provide premium calculators to help their customers understand their products easily. Customers can gain knowledge about their products and make the most out of various life insurance products.
• Premium calculators are helpful for customers during their research process. Customers can compare the products of multiple insurers simultaneously and narrow down their choices to a select few. This will ensure that customers access the right products offered by companies.
• The time and effort involved in calculating the premium through premium calculators are extremely minimal. This saves a lot of trouble for customers and companies when they are finding products in the market.

Conclusion

Investing in life insurance products is a major life decision that must be done carefully. Research is essential when it comes to finding the right products in the market. Premium calculators make this research process easy and help customers with their purchase decision. Almost all the companies in the market offer premium calculators and Tata AIA is no exception. Customers can use these calculators effectively to find the right product that meets their specific requirements.