Tata AIA Sampoorna Raksha Supreme Plan
Tata AIA Life Sampoorna Raksha Supreme is a Non-Linked Non-Participating Individual Life Insurance Term Plan
Plan Name | Sampoorna Raksha Supreme Plan |
Product Type | Term Insurance |
UIN | 110N160V02 |
Key Features
Flexibility to choose from below Death Benet options:
-
- Life Option
- Life Plus Option
- Life Income
- Credit Protect
Flexibility to receive death benefit payout as a Lump sum or Income (up to 60 months) or both
Tax benefits
Enhance your protection with Optional Riders
Inbuilt payor Accelerator benet that advances 50% of Basic Sum Assured in event of a Terminal illness diagnosis
- Option to increase Sum Assured through top-ups.
- Option to get Income payouts at age 55, 60 or 65 onwards for a peaceful life
- Flexibility to choose Policy Term and Premium Paying Term
- Option to Increase cover at Important milestones with Life stage option
Benefits
- 1.25 x Single Premium or Death Benefit multiple (7 in case of Life Option and 11 in case of Life Plus and Life income option) x Annualized Premium
- 105% of Total Premiums Paid (excluding loading for modal premiums) up to date of death
- An absolute amount assured to be paid on death
- Life/Life Plus: 50% of Base Sum Assured
- Life Income/Credit Protect: 50% of effective SA.
- Starting at the end of every month, after the Policy Anniversary following attainment of Income Start Age as decided 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.
- A lump sum equal to Paid-up Terminal Value is payable at maturity, provided the life assured survives till that point.
Event | Additional Sum Assured as % of Base Sum Assured |
Marriage | 50% |
Birth/Adoption of 1st Child | 25% |
Birth/Adoption of 2nd Child | 25% |
Home Loan | 100%, subject to home loan amount sanctioned |
- The maximum sum assured eligibility as per the Board-approved Underwriting Policy (BAUP) is breached
- The outstanding premium payment term becomes less than 13 months
- The outstanding policy term becomes less than the minimum allowed under the product
- The attained age becomes higher than maximum entry age allowed under the product
- Claim under Payor Accelerator Benefit.
Now in your difficult times, you can avail a Second Opinion / Personal Medical Case Management services/Medical Consultation from a service provider affiliated with the Tata AIA Life Insurance Co. Ltd. The services are expected to assist the life assured to ascertain the correct diagnosis of a medical condition and obtain due care for the life assured in case of illness.
How it works
- Life Option
- Life Plus Option
- Life Income Option
- Credit Protect Option
- Single
- Annual
- Semi-Annually
- Quarterly
- Monthly
Plan Options of Tata AIA Sampoorna Raksha Supreme Plan
Eligibility
Minimum | Maximum | |
Sum assured | 1 lakhs | No limit, subjected to the underwriting policies of Tata AIA |
Age at entry | 18 years | Life Option - 65 Years Life Plus Option - 65 Years Life Income - 60 Years Credit Protect - 65 Years |
Premium Payment Modes | Single, Annual, Semi-Annually, quarterly & monthly | |
Max age at Maturity | Life Option - 100 Years Life Plus Option - 100 Years Life Income - 100 Years Credit Protect - 95 Years |
Policy Term (Months)
Benefit Option | Regular Pay | Limited Pay | Single Pay | |||
Min | Max | Min | Max | Min | Max | |
Life | 13 | 984 | 14 | 984 | 1 | 984 |
Life Plus | 120 | 720 | 120 | 720 | 120 | 720 |
Life Income | NA | NA | 60 | 960 | 60 | 960 |
Credit Protect | 60 | 360 | 61 | 360 | 60 | 360 |
Premium Paying Term (Months)
Benefit Option | Regular Pay | Limited Pay | ||
Min | Max | Min | Max | |
Life | 13 | 984 | 14 | 984 |
Life Plus | 120 | 720 | 60 | 719 |
Life Income | NA | NA | 60 | 480 |
Credit Protect | 60 | 360 | 13 | 359 |
Exclusions
If the Life Insured dies by suicide within 12 months from the date of inception of the policy or the date of revival of the policy, the policy shall terminate immediately. In such cases, the Company shall only refund Total Premiums Paid + underwriting charges + loading for modal premiums (if any) to the nominee
FAQs
If the policyholder is not happy with the plan, he can cancel the policy within 15 days of the plan issuance. This period is called the free-look period. Upon cancellation, the premium paid net of any applicable expenses would be returned.
In the case of Yearly, Half-yearly, and Quarterly premium payment modes you have a grace period of 30 days from the premium due date. In the case of monthly premium payment mode, the grace period is 15 days.
Once the policy has lapsed, it can only be revived within a revival period of five years from the due date of the first unpaid premium or the end of the Policy Term whichever is earlier.