Tata AIA Life Insurance Sampoorna Raksha Supreme Term Plan

Tata AIA Life Insurance Sampoorna Raksha Supreme Term Plan

Tata AIA Life Insurance Sampoorna Raksha Supreme ensures that your loved ones have a secure future, lead a comfortable life, and face no hurdles in financial resources in your absence. Moreover, it offers various benefits and flexibility to choose the plan matching your requirements.

Tata AIA Life Insurance Sampoorna Raksha Supreme Term Plan Features

  • The plan offers whole life coverage till the age of 100 years.
  • It gives the option to receive death benefit payout as a lump sum or monthly income up to 60 months or both.
  • It comes with the flexibility to choose from 4 different death benefit options – Life Option, Life Plus Option, Life Income, and Credit Protect.
  • The plan gives you the option to increase the insurance cover at important milestones with the Life stage option.
  • You can increase the sum assured through top-ups.
  • It has an inbuilt payor Accelerator benefit that advances 50% of the basic sum assured in case of Terminal Illness diagnosis.
  • It offers low premium rates for female policy seekers.
  • There is flexibility to choose policy terms and premium paying terms.
  • It has rider options to enhance your base life cover.
  • The plan gives you the option to avail of medical second opinion/ medical consultation. 
  • Tax benefits are available as per the prevailing norms in the Income Tax Act.  

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

Tata AIA Life Insurance Sampoorna Raksha Supreme offers 4 death benefit payout options to choose from:

Payout Options Description
Life Option Upon the demise of the life assured during the policy term, the stipulated death benefit less any payout under Payor Accelerated Benefit will be paid out to the nominee. 
Life Plus Option Along with the benefit of the Life Option, under this option, in case the life assured survives till maturity, an amount equal to the 105% of the Total Premiums Paid towards the benefit option will be paid out at the end of the Policy Term, provided the policy is not terminated earlier.
Life Income Option This option provides for the Death Benefit along with the regular monthly income.
At policy inception, the policyholder chooses the Base sum assured along with Income Start Age
and Income Rate. After the policy anniversary, starting at the end of every month, following attainment of Income Start Age by the Life Assured, the Regular Income shall be paid in arrears until the death of the Life Assured or end of the Policy Term, whichever is earlier. All Regular Income payouts will be paid to the policyholder.
In case of the insured’s demise during the policy term, the stipulated death benefit less any payout under Payor Accelerated Benefit is paid out to the nominee. Note, any excess Regular Income payouts will be adjusted from the death benefit.
Credit Protect Option In case the life assured’s dies during the policy term, the stipulated death benefit less any payout under Payor Accelerated Benefit will be paid out to the nominee and the policy will terminate.
With an inbuilt Payor Accelerator benefit wherein the benefit amount equal to 50% of the Effective Sum is paid out as lump sum on Terminal Illness (TI) diagnosis. Upon the payment of the TI claim, the policy continues and any
due premiums continue to remain payable. If at any point in time, the Effective Sum Assured falls below the Payor Accelerated Benefit already paid, the policy will terminate.

Why should you choose the Tata AIA Life Insurance Sampoorna Raksha Supreme Term Plan?

  • To get comprehensive coverage till the age of 100 years.
  • To opt for the right death benefit payout option as per your requirements from the four different plans.
  • To ensure your family does not face any financial hurdles in your absence.

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