Confused for Buying Term Insurance with Tata AIA

POSTED BY Sandeep Sandeep ON August 10, 2013 3:27 pm COMMENTS (6)

I require insurance of 3 CR (I have taken 1.5 from HDFC) and another 1.5 am planning from Tata AIA.

Tata AIA has lowest premium and also offer for 40 years (upto 80 years). This makes me belive that they would definately have high claims and run into losses and therefore would be forced to reject claims unrationally. Considering my thought, should I buy the policy fromthem.

Companies with good claim ratio have max 30 years and I want one preferably with longer term (as I do not forceee the exact period till which I would require cover).

Please guide



6 replies on this article “Confused for Buying Term Insurance with Tata AIA”

  1. Dear Sandeep, May I know the logic behind opting age 80 term cover?



  2. Sandeep Sandeep says:

    Thanks Mohit

    Tata AIA – is among the cheapest and Tata name I trust but some how I feel that because of their aggresive product their would not be able to legimately honour claims.

    Also, I am 32 and have one HDFC policy for 30 years and since I do not know the future requirement I want one for longer period (do not want to repent later)

    Please guide

    1. Mohit Pandey says:

      If you having bad feeling about TATA AIA’s aggressive than you can choose another insurer. I am repeating againg if you have provided all the correct details no insurer can reject the claim. Please read the below article for more informatio:-

  3. Sandeep Sandeep says:

    Tata AIA offers till 80 years….Is this rational for any Insurance Company. By all probability most people would not see 80! I fear that the Co would go Bankrupt in future

    1. Mohit Pandey says:

      Why you want cover for that long period?? Please understand the main purpose of term insurance. If you have dependents or liabilities than only you need to purchase the term insurance. Don’t worry about the future of the company, since you cannot predict the future of any company. So purchase from the company whose premium is cheaper or you can trust.

  4. Mohit Pandey says:

    Sandeep, go for cheaper one. If you provide all the correct details which purchasing no insurance company can reject the claim.

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