<img height="1" width="1" style="display:none" src="https://www.facebook.com/tr?id=7698356820180471&ev=PageView&noscript=1" />
TATA AIA

TATA AIA

SRS Vitality

TATA AIA SRS Vitality is a special plan made available only in select channels. It offers all the basic features. It throws in a special wellness benefit, offering you discounts on your premiums for keeping yourself healthy and it comes from Tata’s stable – a company that boasts pretty decent claim settlement figures. The only issue is that the plan only extends a maximum cover of ₹2 Crores. Note: TATA AIA has recently discontinued this plan. Instead, you can opt for their new plan, Sampoorna Raksha Promise which offers enhanced benefits.

csr

Good Claim Settlement Ratio

TATA AIA settles 98.9% of claims of the total number of claims it receives as compared to the industry average of 97%. A pretty good number overall.

complaints

Good Complaints Ratio

TATA AIA receives 3 complaints (per 10,000 claims registered) as opposed to the industry median of 17 complaints. Pretty good figure overall.

asr

Good Amount Settlement Ratio

Some insurers pay out the smaller claims while declining to pay out the few higher-value claims in a bid to improve the claim settlement ratio. So you will need to look at the total amount settled as a percentage of the total amount claimed. TATA AIA meanwhile has an amount settlement ratio of 92.7% as opposed to the industry average of 87%. Pretty good figure overall.

The aforementioned ratios have been averaged over three years for every insurer and the industry as a whole.

What's good here?

accidentalDeath
Add-on

Accidental Death Benefit Available

Some policies offer you the option of adding extra protection for accidental deaths. And while we recommend customers choose a comprehensive cover without worrying about the specifics of death precisely, SRS Vitality offers accidental death benefit nonetheless.

Learn More
tpd
Add-on

Payouts in the event of total permanent disability

Some policies offer you a monthly income or a large lumpsum in the event you are disabled totally for life. And SRS Vitality extends this option.

Learn More

What's okay here?

terminalIllness
In-built

Decent Terminal Illness Benefit

Certain policies will disburse the entire cover amount the moment you are diagnosed with a terminal illness. So even in the absence of death, you can still get the money and use it any way you wish. And while SRS Vitality does not disburse the entire sum assured, you do have the option to receive a portion of your cover if you are diagnosed with a terminal illness.

returnOfPremium
Add-on

You can recover your premiums after policy matures

Some policies return your premium after the policy matures if you don’t make a claim. However, we don’t recommend this option actively considering the option can be expensive. In any case, SRS Vitality extends this option to those considering it.

What's lacking here?

zeroCost

No Zero Cost Option

Some insurers will return all your premiums if you forego your policy before maturity, during a period specified by the insurer. So in essence, you get all your premiums back, while also being protected under the term plan during this time. Unfortunately, SRS Vitality doesn’t extend this option.

topup

No Top-Up Option

Some policies extend the option of increasing your total term cover even after you buy the policy. And SRS Vitality doesn’t extend this option.

increasingCover

No option to increase your cover with inflation

Some policies automatically increase your cover by a certain amount (usually inflation) to always provide you with the necessary protection. Unfortunately SRS Vitality doesn’t extend this option.

wop

No Waiver of Premium

Some policies waive all future premium payments if you are ever disabled (due to accident) or diagnosed with a critical illness. Unfortunately, SRS Vitality does not extend the waiver-of-premium option.

talk to us

Talk to IRDAI-certified experts

If you want help with selecting the best term policy that ticks all the boxes, book a FREE call with our experts today. Limited slots only.

Related Policies

TATA AIA
TATA AIA

Maha Raksha Supreme

TATA AIA
TATA AIA

Sampoorna Raksha Supreme

TATA AIA
TATA AIA

Sampoorna Raksha Promise