Tata AIA Life Insurance Pays ₹1.90 Crore Claim to Family of Road Accident Victim
On a tragic note, Sai Kumar Goud lost his life in a road accident on March 9, 2025, leaving his family in deep grief. Fortunately, the Tata AIA Term Insurance policy that he had purchased earlier provided substantial financial protection to his family during this difficult time.
Sai Kumar bought a Tata AIA term insurance policy on January 17, 2025, through authorized advisor Anjaneyulu from Ghazwel, paying an annual premium of ₹1,25,127. Following his untimely death, the nominee, Ankangari Prasanna, initiated the claim process on April 8, 2025.
After submitting the required documentation, Tata AIA settled the claim amounting to ₹1.90 crore on May 19, 2025, credited directly to the nominee’s account. This payout included ₹1 crore as life insurance sum assured and an additional ₹90 lakh as accidental death benefit, highlighting the comprehensive protection term insurance offers.
Speaking at the claim settlement event, Tata AIA’s Zonal Head Bharani Yarrad and Karimnagar Branch Senior Manager Ramakrishna Reddy emphasized that term insurance is a must-have for every family to safeguard their financial future against unexpected events.
They encouraged families to overcome doubts about insurance and underscored how a relatively small premium can provide multi-crore protection against sudden loss of life.
The event was attended by branch employees, advisors, and leaders including Adarsh Kumar, Leaders, Rayapolu Prasad, Doolam Ramesh, Gudelli Raju, Narendra Rao, advisor Sharappalli Anjaneyulu, Vidya Sagar, and Vennala Swami.
This example stands as an important reminder of the critical role term insurance plays in securing families from financial hardship caused by unforeseen tragedies.
