• Tata AIA Term Insurance Premium Calculator

    Life Insurance
    • 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

    Most financial experts agree that one’s financial planning is incomplete without a term insurance cover, at least during the productive years. Term insurance plans are mainly developed to provide security to a person’s dependents during his/her productive years. The compensation provided by a term insurance plan may help a family avoid the financial turmoil associated with the loss of the primary earner. Term insurance plans are offered by almost all insurers in the market. Tata AIA is a private life insurance company renowned for its diverse range of offerings. Before signing up for a policy, customers can use the premium calculator offered by the company to get an understanding of the cost of coverage.

    Why use premium calculators?

    Among the various factors considered before buying life insurance, the cost of a policy takes the top spot among potential buyers in the market. Before buying a policy, customers tend to research on the features and benefits offered by a policy. Along with that, they look for insurers who sell policies at a reasonable price. Premium calculators help them by providing them with customised price quotes without even having to contact the insurer directly. By providing a few details about themselves, customers can check the price of a product and decide on their purchase accordingly.

    Ways to access Tata AIA Term Insurance Premium Calculator

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

    • Visit the official website of the company at http://tataaia.com/
    • On the home page, you can find the section ‘plans’ on the menu.
    • By moving your mouse pointer over the menu, you can see the list of plans offered by the company.
    • Under the section ‘protection plans’, you can find the term insurance premium calculator.
    • When you click on it, you can open the ‘premium calculator’ page.
    • Here, you can enter your personal details like age, gender, smoking habits, premium payment mode, plan options, sum assured amount, etc.
    • When you provide all the necessary details, you can get the price quote for the product you wish to buy.
    • Once you know the price, you may ask to meet an advisor and proceed with the purchase.

    Advantages of using a term insurance premium calculator

    Some of the advantages of using a term insurance premium calculator are listed as follows:

    • Before buying a term insurance cover, customers prefer to compare it with other policies in the market. Premium calculators are helpful in making cost-based comparisons of all products in the market. Although it is not advisable to decide only on the basis of cost, it is necessary to know the price of various products before deciding on one.
    • Companies use premium calculators as a way to reach out to various customers in the market. It is also a helpful tool to generate leads from potential customers in the market. In this way, companies can sort out the ones who are actually interested in buying a plan and reach out to them.
    • Premium calculators make it simple and easy for a customer to know the price of a life insurance policy. If not for a premium calculator, customers would have to manually calculate the price of the policy or reach out to the company and wait for a price quote.
    • Customers can understand the features of various insurance products in a better way by using a premium calculator. By knowing the factors that influence the price, they can choose the right product that matches with their specific needs.

    Conclusion

    Since there are plenty of plans available in the market, choosing the right cover can be a daunting task. Premium calculators make this process simple by helping customers with the information they require. The term insurance premium calculator offered by Tata AIA is easy to use, and it guides customers in the right direction. By choosing the right coverage within their budget, customers can secure their dependents’ financial needs and live a stress-free life.

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