ClaimRatioIndiaCalculate

Tata AIA Life Insurance

Est. 2001Mumbailife insurer
CSR 2023-24
98.53%
Good
Complaints FY 2022-23
1.87
per 10K policies
99.7% disposal rate
Source: IRDAI Annual Report 2022-23
A joint venture between Tata Sons and AIA Group, Tata AIA is known for low online premiums and fast claim processing. The Sampoorna Raksha Supreme term plan offers whole-life cover up to age 100.

Claim settlement ratio history

Financial YearCSR %Claims SettledRatingSource
2023-2498.53%12,043GoodIRDAI Annual Report 2023-24
2022-2398.02%11,234GoodIRDAI Annual Report 2022-23

Strengths

  • +98.53% claim settlement ratio (2023-24)
  • +Some of the lowest online term premiums for under-40 buyers
  • +Whole-life term option available

Limitations

  • -Smaller branch network than PSU or bank-backed players
  • -Certain riders not available in all states

How to file a claim

Claims filed online or via toll-free number. Target settlement time is within 7 days for complete documentation.

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