TATA AIA Sampoorna Raksha Supreme
TATA AIA Life Insurance Company
Our Verdict
Ideal for individuals seeking flexible, long-term term insurance with return options. Offers life cover, income variants, and critical illness riders. However, lacks inflation-linked cover and zero-cost options.
Policy Wording
About the Plan
The Tata AIA Life Insurance Sampoorna Raksha Supreme is a comprehensive term insurance plan designed to provide financial protection tailored to individual needs. Policyholders can choose from various plan options, including Life, Life Plus, Life Income, and Credit Protect, each offering distinct benefits. Notably, the Life Plus option provides a return of premiums paid upon policy maturity, while the Life Income option offers regular income payouts starting at ages 55, 60, or 65. The plan also includes an inbuilt Payor Accelerator Benefit, which advances 50% of the basic sum assured upon a terminal illness diagnosis.
About the Plan
Eligibility
• Entry Age :
18 to 65 years
• Maximum Maturity Age :
75 years
• Policy Term :
20 to 55 years
• Minimum Sum Assured :
₹25,00,000
• Premium Payment Term :
Regular Pay or Limited Pay (10 or 15 years)
• Premium Payment Frequency :
Yearly, Half-Yearly, or Monthly
• Citizenship :
Indian residents and NRIs (subject to underwriting)
Eligibility
Features of the Product
Terminal Illness
The Tata AIA Suraksha Supreme plan includes a terminal illness benefit. If the life assured is diagnosed with a terminal illness during the policy term, a lump sum benefit is payable. This benefit is typically a percentage of the sum assured.
Inflation Protection Coverage
Tata AIA Sampoorna Raksha Supreme plan does not offer a built-in, direct "inflation protection" feature that automatically adjusts your sum assured based on an inflation index.
Premium Payment Customizations
Annually/
InstalmentsPay premiums as per your convenience – Single, annually, half-yearly, quarterly, or monthly mode of payment.
Exclusions
Suicide within 12 months from the risk commencement or policy revival date results in a refund of 80% (regular/limited pay) or 90% (single premium) of premiums paid, excluding taxes and extra premiums.
Death due to non-accidental causes within the first 45 days of the policy results in a refund of 100% of premiums paid, with no sum assured payout.
No maturity or survival benefits are provided under this policy.
Exclusions
Accidental Death Benefit Rider - Provides an extra lump sum payout if the policyholder dies due to an accident, offering additional financial support to the nominee.
Critical Illness Rider - Pays a lump sum amount upon diagnosis of covered critical illnesses like cancer, heart attack, or stroke, helping manage medical expenses.
Total and Permanent Disability Rider - Provides financial support if the policyholder becomes permanently disabled due to an accident or illness, ensuring income protection.
Waiver of Premium Rider - Waives all future premiums if the policyholder suffers from a critical illness or total and permanent disability, keeping the policy active.
Terminal Illness Benefit Rider - Offers an advance payout if the policyholder is diagnosed with a terminal illness, providing funds for medical treatment and personal needs.
Add-ons
If you are a woman
The Tata AIA Sampoorna Raksha Supreme plan offers female benefits, including preferential premium rates for women, making life insurance more affordable. Additionally, female policyholders may receive enhanced critical illness coverage for women-specific conditions like breast and cervical cancer.
If you smoke
The Tata AIA Sampoorna Raksha Supreme plan offers preferential premium rates for non-smokers. Since non-smokers are considered lower risk, they enjoy reduced premium costs compared to smokers
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About the Company
Tata AIA Life Insurance Company Limited is a leading life insurance provider in India, established in 2001 as a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. This partnership merges Tata's renowned leadership and trust in India with AIA's extensive experience across 18 markets in the Asia-Pacific region. The company is headquartered in Mumbai, India.
A wide variety of products are available from Tata AIA Life Insurance to accommodate different protection requirements and financial objectives. Their portfolio consists of Unit Linked Insurance Plans (ULIPs) that give market-linked returns, savings plans that combine wealth growth and life insurance, and term insurance for family stability. Additionally, they offer retirement plans including annuities and pensions for post-retirement income as well as health insurance to cover medical costs. Every plan offers different policy terms, variable premium alternatives, and extra riders for increased coverage, guaranteeing customised solutions for each policyholder's particular requirements.