Tata AIA Life Insurance Smart Sampoorna Raksha Plan

Tata AIA Life Smart Sampoorna Raksha Insurance Plan is an investment cum insurance plan. You can invest your money in a large number of funds, ranging from pure equities to fixed income, and their combinations depending on your risk profile. The plan rewards you for staying invested for long by returning the twice the premium allocation charges, twice the mortality charges collected and cover continuance booster. We shall understand these better in the sections below. 

Plan NameTata AIA Life Smart Sampoorna Raksha
Policy TypeULIP

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Fund Options
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Tax Benefits

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Tata AIA Life Insurance Smart Sampoorna Raksha Plan - Key Features

Fund Options
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  • Choice of 11 Fund Options to invest your money

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  • Refund of Twice the Premium Allocation Charges in 10th, 11th & 12th year
  • Refund of Twice the Mortality Charges from 11th year on...

Flexibility to Pay
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  • Flexibility to pay regular premiums or limited premiums for 5, 10 or 12 years

Investment and Insurance
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  • Investment and insurance in one plan

Other Benefits
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  • Tax Benefits on Premiums paid, Maturity Benefit and Death Benefit

Fund Options in Tata AIA LIfe Smart Sampoorna Raksha Policy
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You can choose from the following 11 Fund Options.


Charges in Tata AIA LIfe Smart Sampoorna Raksha Policy
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Premium Allocation Charge
This charge is deducted from the premiums you pay and the balance is then used to buy the funds of ...

Tata AIA Life Insurance Smart Sampoorna Raksha Plan - Benefits

Death Benefit

In case of death of the policyholder, the nominee will get the highest of the following:

  • Sum Assured
  • Fund Value
  • 105%...

Maturity Benefit

On the completion of the policy term, the Total Fund Value, including Top Up Fund Value will be paid to the policyholder.

Refund of Twice the Premium Allocation Charges

At the end of the 10th, 11th and 12th year, twice the amount collected as Premium Allocation Charges will be refunded to the policy in the form of ...

Cover Continuance Booster

In case the Fund Value drops below the prescribed levels for continuing the policy, the company will add units to keep it active. Such scenarios oc...

Premium Payment Term Options

  • Regular Pay - The premium payment term will be equal to the policy term. The maximum premium payment term will be 50 years...

Partial Withdrawals

In case of any emergency requirement of funds, you can make partial withdrawals from your policy after 5 years have been completed. Four partial wi...

Other Benefits

Top Up Premiums
In case you wish to invest more money into the plan, you can do so anytime before the last 5 years of the pol...

Other Features

Discontinuance of Premium - In case the premiums are not paid even after the grace period, within the period of 5 years from purch...

Eligibility - Tata AIA LIfe Smart Sampoorna Raksha Plan

Parameter Minimum Maximum
Entry Age 18 years 60 years
Max Age at Maturity 48 years 100 years
Policy Term 30 years 40 years
Premium Paying Term Limited Pay - 5, 10 & 12 years
Regular Pay - Same as policy term
Premium Payment Mode Only Annual
Minimum Premium Limited Pay 5 years - Rs. 60,000
Others - Rs. 18,000
Top Up Premium - Rs. 5,000

Suicide Exclusion

In case of death of the polilcyholder due to suicide with 12 months of commencement of risk, the nominee shall be paid the fund value as on date of intimation of death of the policyholder.  

This pretty much explains the working of this plan. In case you have any questions on this plan, please drop a comment and we will get back to you.