Tata AIA Life Insurance Sampoorna Raksha+ Term Plan

Tata AIA Life Insurance Sampoorna Raksha+ Term Plan

Tata AIA Life Insurance Sampoorna Raksha+ is a non-linked, non-participating individual life insurance plan providing comprehensive financial protection to your family along with the return of premiums paid on policy maturity. This term plan by Tata AIA Life Insurance safeguards your loved ones while including a savings element so that you can live stress-free.

Tata AIA Life Insurance Sampoorna Raksha+ Term Plan Features

  • The plan offers protection coverage up to the age of 100 years or policy term up to 40 years.
  • It offers the flexibility to choose between two Death Benefit options based on your requirements.
  • It features Return of Premium options in case of survival till policy maturity.
  • The policy gives you the choice of opting for your preferred premium paying term between regular or limited (5/10/12 years) depending upon your convenience.
  • Females and non-smokers get the benefit of lower premium rates.
  • The minimum entry age is 18 years, and the maximum age in case of regular pay and limited pay (5 years) is 70 and for limited pay (10/12 years) is 65 years.
  • The minimum maturity age is 28, and the maximum is 100.
  • It gives you the option to enhance policy cover by adding riders.
  • In case of high sum assured, you get premiums at discounted rates making the term plan more affordable.
  • Tax benefits are applicable as per the norms of the prevailing Income Tax Act.

What will my family receive if I am not around anymore?

Tata AIA Life Insurance Sampoorna Raksha+ offers 2 death benefit options to choose from:

Death Benefit options Description
Option 1 In case of the unfortunate demise of the insured during the policy term, the nominee of the policy will receive the sum assured on death and the policy will terminate.
Option 2 Upon the death of the insured during the policy term, the nominee of the police will receive the sum assured on death along with a monthly income equal to 1% of the basic sum assured for 10 years starting from the next monthly anniversary following the date of death.

Sum Assured on death shall be defined as the highest of:

  • 10 times the Annualized Premium
  • 105% of the total premiums paid up to the date of death
  • Minimum Guaranteed Sum Assured on maturity
  • Absolute amount (basic sum assured) to be the paid-on death

Why should you choose the Tata AIA Life Insurance Sampoorna Raksha+?

  • To ensure your family’s needs are taken care of in your absence.
  • To make your family financially secure when you aren’t around them.
  • To avail a comprehensive life cover till 100 years of age.
  • To equip your loved ones with the benefits of the right death payout option as per their requirements.

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