Friday 12 July 2013

Tata AIA Life launches new age technology solution – eLife

The innovation uses the Android platform to make insurance buying a simple and enjoyable experience for customers
 Increases productivity of its premier advisors
Guwahati: In line with its vision to deliver best-in-class solutions and ensure customers’ well being, Tata AIA Life Insurance Company (Tata AIA Life) announced today the launch of eLife, a fully mobile and secure electronic solution that simplifies the process of buying and selling life insurance solutions.

Mukesh Dhawan, deputy chief executive officer and chief distribution officer, Tata AIA Life, launched eLife before the media in Guwahati, Assam. The occasion also witnessed the unveiling of Tata AIA Life’s new-generation premier agency brand mascot – Smartee. An expert on Tata AIA Life’s insurance solutions, Smartee analyses various needs of the customers to present the right solution for the right life stage of the customer, through a combination of life insurance products.

Speaking on the occasion, Mr Dhawan said, “Our eLife innovation is a reflection of our strategic intent to empower our sales force with smart tools and convenient solutions that will serve our customers faster and even reduce the paper involved. It will allow our customers to engage with the company with ease, by making the entire buying experience of life insurance simpler as also enjoyable.”

During the day, Mr Dhawan also addressed Tata AIA Life's Premier Agency at the Power Up Fest, a distribution outreach program for its agency force, organised in Guwahati.

Key features and advantages of eLife include:
Fully secure digital process     Provides a one-stop shop for Tata AIA Life products, coupled with financial health review. Allows Tata AIA Life Advisors to provide customers with comprehensive life insurance solution with ease of e-application.
Easy-to-use interface on an Android tablet (with or without access to internet)    

Simplifies the process of purchasing life insurance for the customer.

eLife allows advisors to capture customer details and complete the application even when not connected to the internet.
Mobility and convenience     Tata AIA Life advisors can meet their customers anytime, anywhere at the customer's convenience.
Completeness of information and ease of documentation     eLife prompts and facilitates the advisors to verify that information gathered is complete and correct and also allows instant document upload before the forms can be e-submitted.
A step towards a greener world     eLife substantially reduces usage of paper thereby contributing to a greener world.

Tata AIA Life believes that providing the right advice the right way will bridge the protection gap in India and also facilitate long term saving habits amongst Indians. This prompted the company to launch Premier Agency, which is steadily growing with a network of over 160 branches across India. A recently concluded event of Premier Agency, the MDRT Experience in Hyderabad, saw more than 600 premier agents participating from the AIA group in Asia. The event was aimed at developing professionalism amongst participants by sharing ideas and new strategies with internationally established life insurance and financial services professionals.

Strengthening the Premier Agency force continues to remain one of Tata AIA Life’s strategic priorities. The company has undertaken some key initiatives to create a formidable distribution force of highly productive advisors. It is probably the first life insurance company in the country to implement Career Choice, a talent selection profiling tool, developed by the leading life insurance research, consulting and professional development organisation LIMRA, to improve the overall quality of the agency force. As a part of this initiative, all prospective advisors of Tata AIA Life's Premier Agency have to go through the Career Choice profiler before applying for an agency license with Tata AIA Life.

Health Plans

  1. Tata AIA Life Suraksha Kosh: a non participating unit linked endowment insurance plan with inbuilt critical illness, surgical and accident benefits.
  2. Tata AIA Life Health First: a lump sum amount is guaranteed irrespective of the medical expenses that have been incurred by the insured.
  3. Tata AIA Life Health Protector: In this policy the insurance premium that is to be paid for keeping the policy in force remains stable for 5 years.
  4. Tata AIA Life Health Investor : Is a plan where you get a lump sum amount if diagnosed for any of the 12 critical illnesses.
  5. Tata AIA Life Hospi CashBack : In this plan you can claim for any unexpected hospitalization bills.

Retirement Plans

  1. TATA AIA Life MAHA Life Gold : This unique policy is an ideal planning vehicle to fund your retirement. It provides a steady income and insurance coverage for life.
  2. Tata AIA Life Easy Retire : Is an immediate annuity plan, provides you monthly income post retirement.
  3. Tata AIA Life Assure Golden Years:  an endowment insurance policy of Tata AIA Life that offers security as well as stable returns to its policy subscribers.

Wealth Plans

  1. Tata AIA Life Invest Assure Flexi Supreme : This plan is a unit linked endowment insurance plan that provides you with ample flexibility to suit your needs and priorities and helps you to achieve your financial goals.
  2. Tata AIA Life Lakshya Supreme – It is a non-participating simplified issuance Unit Linked Endowment Insurance plan with enhanced features that provides you the dual benefit of investment and protection.
  3. Tata AIA Life Invest Assure Plus Supreme – It gives you the option of choosing your own investment strategy to suit your risk profile, besides providing protection to your loved ones.

Saving Plans

  1. Tata AIA MahaLife Supreme:Non-Linked Non-Participating Endowment Insurance Plan that enables you to plan both your savings outflow and the required regular annual income inflow along with the all important benefit of life insurance protection.
  2. Tata AIA Life MAHA Guarantee : It is a non-participating endowment plan, is one such plan that meets all your demands for a secured investment with a high life cover.
  3. Tata AIA Life Assure 10 Years / 20 Years / 30 Years Security & Growth Plans: This is an endowment plan where in an unfortunate event of the death of the policyholder the family members are secured.
  4. Tata AIA Life Assure Golden Years Plan : Is an endowment plan where you get death and maturity benefits.
  5. Tata AIA Life Assure 21 Year Money Saver : This savings plan gives you the cash payments at specified intervals to fund your family’s needs at critical milestones or support your financial obligations.
  6. Tata AIA Life ShubhLife : Is a plan where you get 100% cover and high returns on your investments.

Protection Plans

  1. Tata AIA Suraksha Kosh : A non participating unit linked endowment insurance plan with inbuilt critical illness, surgical and accident benefits. These health and accident related benefits are available in various combinations and you can choose the one most suited to your needs.
  2. Maha Raksha Supreme :  a non-linked, non-participating Term Insurance plan that provides this required financial protection to your family.
  3. Tata AIA Life Raksha : This is a term plan with a huge cover at a low cost.
  4. Tata AIA Life Life Plus : This plan gives you back your premiums in case the policyholder survives the policy term.
  5. Tata AIA iRaksha Supreme: a non linked non participating, term insurance plan. It’s designed to be your online pure term solution of choice that will ensure your peace of mind at a very attractive and easily affordable price.

Children Plans

  1. Tata AIA Life Starkid : Is a child endowment policy which provides for your child’s future needs like education or for marriage.
  2. Tata AIA Life Assure Career Builder : Is a money back policy which provides funds for every step of your child’s future.
  3. Tata AIA Life MahaLife Gold : Is a policy where you need to make premium payments only for the first 15 years. It gives an income and cover for life.
  4. Tata AIA Life Assure Educare : Are endowment policies where the plan matures once your child turns 18 or 21 years depending upon which policy is taken.
  5. Tata AIA Life Assure 21 years Money Saver : This is a money back plan which gives you money at specified intervals.
  6. Tata AIA Life Assure 10 Years / 20 Years / 30 Years Security & Growth Plans : This is an endowment plan where in an unfortunate event of the death of the policyholder the family members are secured.
  7. Tata AIA Life Gyan Kosh - The plan has been designed to provide financial protection for children's education, marriage, providing funds for setting up a business and so on.