Check the list of Tata AIA Life Child Plans. Tata AIA offers various child plans so that you can live a tension free life. These plans give you security for your child future. So check out the Tata AIA Life Insurance Child Plans to buy the best plan for your child’s future.
Tata AIA Life Child Plans
Tata AIA Life Insurance Company is offering Good Kid Plan and Super Achiever Plans. The Tata AIA Child Insurance Plan provides a bright future for your kids to fulfil their dreams. As a Parent, you want to give the best life to your Children. For those people, Tata AIA Life Insurance Child Plan provides assured benefits that are payable at the end of the policy term. The TataAIA Child Insurance Plan is the best policy to manage your child’s financial needs. This Child Plan reduces the risk at the time of your Children’s Education and Marriage. On this Page, we have provided the brief description of Tata AIA Child Insurance Plan.
Your Child has many dreams for the Future. As a parent, you want to fulfil their dreams, and you want to see your Children as well settled. To reach this goal, saving and investing money is crucial. For the better future of your kids, Tata AIA Child Plan is very useful. The Tata AIA Life Child Plan is safer and more secure with guaranteed maturity returns. The Tata AIA Life Insurance Child Insurance Plan is very helpful at the time of your child’s career and marriage.
Tata AIA Life Insurance Child Plans
Tata AIA Life Insurance provided two types of plans for the customers who want to secure their children future. Here we have provided the list of plans and their features. These features may help you for the better understanding about the Tata AIA Life Child Plans.
- Good Kid Plan.
- Super Achiever Plan.
Tata AIA Life Insurance Good Kid Plan
Tata and AIA both combinedly offering a Good Kid plan. It is a Non-Linked, Participating, Anticipated Endowment Plan with inbuilt Waiver of Premium benefit. The Unique Identification Number of Tata AIA Life Insurance Good Kid Plan is 110N127V01. Here we have provided some key features, Benefits, and Eligibility Conditions for the Good Kid Plan.
Key Features of Tata AIA Good Kid Plan
- Money Back Benefits.
- Milestone Additions.
- Complete Protection for your family.
- Grow your corpus through bonuses.
- Tax Benefits.
TataAIA Life Insurance Good Kid Plan Benefits
Tata AIA Good Kid Plan has some benefits in which people may get interested. Check the Benefits of Good Kid Policy.
Maturity Benefit:
Guaranteed Sum Assured on Maturity plus vested Compound Reversionary Bonuses plus Terminal Bonus (if any) shall be payable on maturity.
Death Benefit:
‘Sum Assured on death’ shall be highest of the following:
- 11 times Annualised Premium.
- Absolute amount assured to be paid on death.
- Guaranteed Sum Assured on Maturity.
Eligibility Criteria and Conditions of Tata AIA Life Child Plans
| Plan Parameters | Minimum | Maximum |
| Life Assured age as on last birthday (Years) | 25 | 45 |
| Nominee age as on last birthday (Years) | 0 (30 days) | 17 |
| Premium | Based on Minimum Basic Sum Assured | No Limit |
| Basic Sum Assured | 250000 | No Limit |
| Max Maturity Age of Life Assured as on last birthday (Years) | 70 | |
| Premium Payment Term | Policy Term less 5 years | |
| Policy Term | 12 to 25 years | |
| Premium Payment Options | Annual/Half-yearly/ Monthly | |
For more details like Riders, Rebates, etc you can check policy brochure given by the company.
Tata AIA Life Insurance Super Achiever Plan
Tata AIA Life Insurance Company offers the best policies with a large range of advantages for you and your Family. The Tata AIA is providing the benefits for the Super Achiever Child Plan. We have provided the different Benefits for the Tata AIA Life Child Plans.
As every has some features & Benefits TataAIA Life Super Achiever Policy also has some salient features. So go through the following sections so that life assured can get complete information about the policy.
Salient Features of Tata AIA Life Super Achiever Plan
- Guaranteed Maturity Sum Assured.
- The choice to choose from 8 Fund options for enhanced investment opportunities.
- The flexibility of Enhanced Automatic Asset Allocation Plus & Profit Investment Portfolio Strategy.
- The Option to enhance your investment through Top Ups.
- Settlement Options at Maturity to either receive the payout in the lump sum or the form of periodical payments.
- Tax Benefits.
Tata AIA Life Insurance Super Achiever Child Eligibility Criteria
| Plan Parameters | Minimum | Maximum |
| Life Assured age as on last birthday (Years) | 25 | 50 |
| Nominee age as on last birthday (Years) | 0 (30 days) | 17 |
| Premium | Rs. 24,000/- per annum | No Limit |
| Basic Sum Assured | 10 * Annualised Premium | |
| Max Maturity Age of Life Assured as on last birthday (Years) | 70 | |
| Premium Payment Term | 10 Years | |
| Policy Term | 10 to 25 years | |
| Premium Payment Options | Annual/Semi- Annual/ Monthly | |
Benefits Under Tata AIA Super Achiever Life Insurance Policy
Tata AIA provides two types of benefits under this policy. Here we have given the details about Child Plan Benefits.
The benefits under this plan are
- Maturity Benefit.
- Death Benefit
Maturity Benefit:
On Survival of the Life Assured until the end of the policy term, Life Assured will get Total Fund Value.
Total Fund is the sum of Regular Premium fund Value and Top-Up Premium fund Value valued at applicable NAV on the date of Maturity.
Guaranteed Maturity Addition is also provided under this plan.
Death Benefit:
If the Life Assured (the parent) died unfortunately during the Policy term, then the company will pay the death benefits immediately to the nominee/ appointee (i.e., the legal guardian of the child) as defined below.
- Higher of Basic Sum Assured.
- 105 percent of the total Regular Premiums paid.
In addition to this death benefit, nominees have a chance to get other benefits as Top Up.
So to get all these information in detail you can check Tata AIA Super Achiever Plan Brochure.
Tata AIA Life Insurance Premium Calculator
To calculate the premium and Maturity Benefit for the Child Plan, there is need of some data. So the general documents required to calculate the premium is
- Name of the Policyholder.
- Email Id.
- Mobile Number.
- Age Proof.
- Policy Term.
- Sum Assured.
How to Buy Tata AIA Child Policy?
In Case of Death or Disability Occurred due to the Sudden Accident of the Policyholder during the Policy Term or if your Policy Maturity Period completed, the Policyholder/ Nominee can apply for Claim. The policyholder can visit the nearest TataAIA Life Branch Office to buy the Proposal form. Or you can go through the online to purchase the Policy. You can also get the Tata AIA Life Child Plan through the Agent.
Documents needed for Tata AIA Child Plan
- Application form/ Proposal form along with a photo.
- Address Proof.
- Age Proof.
- Medical reports (If required).
Claim Procedure for Tata AIA Child Insurance Plan
Nominees can claim for the Child Plan after the death of the policyholder or after the successful completion of the premium.
The documents required to claim for the Tata AIA Life Child Plans are
- Original Policy Document.
- Proof of title.
- Death Proof.
- Medical treatment documents before death.
- Age proof.
- Additional documents in case of death occurred due to unnatural or accidental death.
Additional Information on Tata AIA Child Plans
Grace Period:
If the Policyholder doesn’t pay the premium within the time, the company will extend the time to pay the premium is a grace period. Tata AIA Plan has a grace period of 30 days. Assured candidate can pay the premium within this Grace Period.
Revival Period:
If the Policyholder doesn’t pay the premium within the grace period, then the Policy will be a lapse. A lapsed Term Plan will be revived within the two consecutive years from the date of first unpaid premium. This Term plan will be revived before the expiry period of Policy term.
Surrender Value:
If the insured candidate wants to return the policy within the Minimum Policy Term, surrender value will the paid to the policyholder.
Free Look Period:
If you are not Satisfied with the Terms and Conditions of the Policy, you can Return your Policy before Completion of Free-look Period.
Policy Lapse: If you have not paid the premiums for the first three full years and also within the grace period, then your policy will close/ lapse. In this case, there are no benefits will be payable under this lapsed policy.
Surrender Value:
Tata AIA Life Child Plans can Surrender at any time during the Policy Term after Full Payment of Premiums for three Successful years.