Tata AIA Life Insurance MahaRaksha Supreme Term Plan
Tata AIA Life Insurance MahaRaksha Supreme Term Plan
Tata AIA Life Insurance MahaRaksha Supreme Term Plan ensures that your loved ones don’t have to compromise on anything in your absence while protecting their dreams and hopes. It is a pure protection non-linked, non-participating plan offering a wide range of benefits and features, suiting your family’s needs and requirements.
Tata AIA Life Insurance MahaRaksha Supreme Term Plan Features
- Tata AIA Life Insurance MahaRaksha Supreme offers life cover up to the age of 85 years or 100 years under the whole life coverage option.
- The plan comes with an Inbuilt Payout Accelerator Benefit that advances 50% of the basic sum assured in case of diagnosis of a terminal illness.
- It gives the option to increase the cover at essential milestones in life without taking new medical tests.
- You get the option to pay the premium only once or for a limited period or through the entire policy term.
- It offers discounted premium rates for females and standard rates for non-smokers.
- Tax benefits are applicable as per the prevailing Income Tax laws.
- The minimum entry age is 18 years, and the maximum age for single pay, regular pay, and limited pay (5 years) is 70 years, 65 years for limited pay (10/12 years), and 45 years for pay till the age of 60 years.
What will my family receive if I am not around anymore?
In case of the policyholder’s death within the policy term, the nominee will receive the sum assured along with an additional sum assured under the Life Stage Plus Option (if chosen) less payout received from Accelerator Benefit already paid.
Sum Assured on death in case of regular and limited pay shall be the highest of
- Basic Sum Assured
- 10 times the Annualized Premium
- 105% of the Total Premiums Paid up to the date of death
And in case of Single Pay, the sum assured shall be the highest of:
- Basic Sum Assured
- 125% of the Single Premium
The Policy terminates upon the policyholder’s demise, and no other benefit is paid.
Why should you choose the Tata AIA Life Insurance MahaRaksha Supreme Term Plan?
- To ensure your family doesn’t have to compromise on their dreams and lifestyle in your absence.
- To make sure your loved ones are protected from any kind of financial hurdles when you won’t be with them.
- To secure your family financially in case you get a diagnosis with a terminal illness.
- To get the benefit of increasing life cover during important milestones of your life.
Subscribe to the newsletter
Best Term Insurance Plans by Insurers
- Aegon Term Insurance
- HDFC Term Insurance
- Max Life Term Insurance
- ICICI Term Insurance
- Bajaj Allianz Term Insurance
- SBI Term Insurance
- Tata AIA Term Insurance
-
- Tata AIA Life Insurance MahaRaksha Supreme Term Plan
- Tata AIA Life Insurance Sampoorna Raksha Term Plan
- Tata AIA Life Insurance Saral Jeevan Bima
- Tata AIA Life Insurance Sampoorna Raksha+ Term Plan
- Tata AIA Life Insurance iRaksha TROP Term Plan
- Tata AIA Life Insurance Sampoorna Raksha Supreme Term Plan
- PNB Term Insurance
- IndiaFirst Term Insurance
- Exide Term Insurance
- LIC Term Insurance
- Kotak Term Insurance