What is a term life insurance plan?

A term life insurance plan is the simplest form of life insurance that offers a pure life cover. This type of insurance policy provides comprehensive life insurance coverage to you and your loved ones for a policy term of your choice and with a sum assured selected as per your needs. For pure term insurance plans, a lumpsum amount will be paid to the nominee of the life assured in case of any unfortunate event such as death of the life assured during the policy term.

Why should I buy a term insurance plan?

Term plans are considered to be quite popular as they offer higher life insurance coverage at very affordable premium rates. It is advisable to purchase a term insurance plan as they are quite flexible in terms of policy terms and premium payment terms, thus making term plans suitable for everyone’s insurance needs. With pure life cover protection, term plans offer extensive coverage to your family, and in case of your demise during the policy term, the death benefit sum assured paid out to them can cover their financial needs for the years to come. You can simply choose a policy term, a premium payment term and a sum assured of your choice, depending on your needs, to provide the best possible life insurance coverage for your loved ones.

Is buying a term policy online safe?

Yes, buying a term insurance policy online with Tata AIA Life Insurance is a safe and secure process, right from the plan selection to the digital payment for the purchase.

Is there any discount for Tata Group employees?

Yes, Tata Group employees are eligible for a discount on the premiums payable for the first policy year. If it is a Regular Pay policy, then the discount will be a min (2%*Policy Term, 20%). For Limited Pay or Single Pay policies, the calculation will be a min (2%*Policy Term, 20%), divided by the corresponding Limited Pay/Single Pay factor.

What are the benefits of Tata AIA Life Insurance Sampoorna Raksha Supreme?

Tata AIA Life Insurance Sampoorna Raksha Supreme offers the following benefits: You can enjoy a whole life coverage of up to 100 years^ under this policy which ensures comprehensive life insurance protection for your family throughout your lifetime. And in case of your demise before the end of the policy term, your family can avail of the death benefits for their financial security. With a choice of flexible plan options, you can choose the one that best suits your needs. This also comes with the choice of return of premium option, wherein you can get 105% return on premium** if you survive till the end of the policy term. The Life Stage option^ enables you to increase your life insurance coverage at important milestones in your life and offers greater coverage for added financial responsibilities, such as your marriage or the birth or adoption of a child. As per Section 80C of the Income Tax Act, the insured can get a tax deduction of up to ₹1.5 Lakh on the policy premiums, subject to policy terms and conditions. In addition, the death benefit, and the maturity benefit, as per the policy terms and conditions, are also fully exempt from tax under Section 10(10D) of the Income Tax# Act. This policy comes with a choice of optional riders~ that you can add to your policy for enhanced coverage. Not only do these riders cover health emergencies but also specific unforeseen situations.

How fast is the claim settled?

With Express Claim, a unique service initiative, the Beneficiary can submit the necessary documents with our Rakshakarta agent who will initiate the claim process and ensure that the claim amount is received within 4 hours4.

Can I increase my plan’s life cover during the policy term?

Yes, Tata AIA Life Insurance Sampoorna offers the Life Stage^ benefit, which enables you to increase the sum assured coverage of your term life insurance plan at significant milestones. At the time of your marriage or during the birth/adoption of a baby, you can provide the appropriate documents as proof of the milestone and have your term insurance coverage increased through the Life Stage option.

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Tata AIA Sampoorna Raksha Promise:
Ensuring complete protection against life's uncertainties

Life’s twists and turns can be challenging, but with Tata AIA Sampoorna Raksha Promise, your family’s financial future is safeguarded, providing them with the support they need when it matters most.

Save more with multiple discounts

Salaried Discount

An additional 5% salaried discount¹¹ on your first-year premium.
Milestone Discount

Additional 2% discount¹² (up to Rs. 500) on first year premium for first jobbers, newly-weds, new parents & recent homeowners
Lower Premium Rate for Women

Get a 15% discount on premiums over men, if you are a female policyholder.
Save Tax up-to Rs 46,800¹⁰ annually

Avail tax³ benefits as per the applicable Income tax laws.

Key Features & Benefits

Whole Life Cover

Life cover up to 100 years of age⁹ : for long-term peace of mind.
Get Premium Amount Back

Receive a 100% return of premium with the Life Promise Plus¹³ plan option and save more.
Instant Claim

Get instant payout of ₹3 lakh on claim intimation¹ offering temporary financial relief.
Joint Life Coverage

Extend protection to your spouse with the joint life option.
Flexible Payouts

Choose to receive the death benefit as a lump sum or in instalments for ongoing support.
Terminal Illness Cover

Upon diagnosis of a terminal illness, the life insured will receive 50% of the base sum assured to manage the immediate expenses.
Premium Waiver on Terminal Illness

This plan waives future premiums if the life insured is diagnosed with a terminal illness, easing your financial burden.
Flexi Pay Benefit

The Flexi Pay Benefit⁷ allows you to defer premium payments for up to 12 months, offering temporary financial relief.
Rider Coverage

Enhance your plan with comprehensive riders⁴ offering unique health and wellness benefits for additional security.

Why Choose Tata AIA Life Insurance?

High Claim Settlement Ratio

99.13% Individual Death Claim Settlement Ratio² in FY 2023 – 24

Faster Claim Settlement

Your claims are settled within 4 hours⁶

77 Lakh+ Families

protected so far⁵

500+ Branches

Presence across major cities in India

⁶T&C Apply

Frequently Asked Questions

What is a term life insurance plan?

A term insurance plan is a type of a life insurance that provides comprehensive coverage to safeguard the financial future of your loved ones. In case the policyholder passes away during the policy term, the nominee will receive a death benefit amount.

Term Insurance plans are affordable, and the premium amount is less if you buy at a younger age. Term insurance plans are a must-have for anyone who is a breadwinner for their family and has loved one’s dependent on their income.
Who should consider buying a Term Insurance Plan?
A Term Insurance Plan is ideal for:
- Individuals looking for a simple and affordable insurance plan to secure their family's financial future.
- Have dependents like a spouse, children, or aging parents to take care of.
- Those who want to cover financial liabilities like a home loan, education loan, or any other debts.
What are the key features of a Term Insurance Plan?
- Affordability: A term premium plan is affordable if purchased early. With increase in age, the premiums may also increase hence it is suggested to buy a term plan as early as possible to secure the financial future of your family.
- High Sum Assured at Lower Premiums: You can choose a high sum assured at a relatively low premium, thus ensuring that your family’s future is secured.
- Flexible Premium Payments: You can select the policy term and the premium payment term based on your financial needs.
- Tax Benefits: Premiums paid for term insurance plans are eligible for income tax³ benefits under Section 80C of the Income Tax Act, and the death benefit is usually tax-free under Section 10(10D).
What is the FlexiPay Benefit offered by Tata AIA Sampoorna Raksha Promise?

With the FlexiPay Benefit⁷ you can defer your premium payments for up to 12 months, offering temporary financial relief in case of unexpected situations.
What are the additional benefits for women policyholders?

Women policyholders who purchase Tata AIA Sampoorna Raksha Promise will get a 15% discount on their premium amount, making this plan more affordable for them.

Disclaimers
- Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V02)
- *Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹ 1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option with first year premium Employee digital discount and salaried discount. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium. The premium of Rs 472 Is calculated as follows : Base premium Rs 565 –Rs 28(5% Salaried discount ) = Rs 537 – Rs 65 (12% employee discount ) = Rs 472( Excludes GST)
- ¹With this feature, instant death benefit of INR 3 Lacs from the Sum Assured will be paid within 1 working day from the claim registration date. This feature is applicable only after a waiting period of 3 policy years from the policy inception or revival of the policy and provided the policy is in force. The remaining sum assured shall be payable post the completion of the claim investigation. Further, in case of any discrepancy in the claim investigation resulting in the final decision of non-payment of the claim, the company reserves the right to recover the already paid amount. The acceleration of instant claim should not be construed/interpreted as acceptance of the claim.
- ²Individual Death Claim Settlement Ratio is 99.13% for FY 2023 - 24 as per the latest annual audited figures.
- ³Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
- ⁴Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/ branch.
- Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V03 or any other later version) - A Non-Linked, Non- Participating Individual Health Rider, Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN: 110B031V03 or any other later version) - A Non-Linked, Non- Participating Individual Health Rider, Tata AIA Vitality Protect (A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V03), Tata AIA Vitality Health (A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V02) are available under this plan
- ⁵77,26,727 families protected till December ’23.
- ⁶Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of Rs. 50 lakhs. Applicable for branch walk in. Time limit to submit claim to Tata AIA Life Insurance is 2 pm on working days. Subject to submission of complete documents. Not applicable for ULIP policies and open title claims.
- ⁷With Flexi Pay Benefit, policyholder is allowed to defer the due premium for a period of 12 months while maintaining the full risk cover under the base plan and attached riders. At the end of Premium Deferment period, the policyholder is required to pay the due premiums, including the premium applicable for the period of Premium Deferment, i.e. the base cover premium and additional premium (if any). | This benefit shall be available for multiple times with a gap of 5 policy years from the expiry date of previous Premium Deferment. The option can be exercised only after payment of 5 full years premium. | No interest shall be levied on the premium due during the Premium Deferment period. If the premiums due are not paid within the grace period after expiry of the Premium Deferment, the Policy (including Rider(s), if any) shall lapse and no benefits shall be payable in the Policy or the Rider(s), if any) and company shall be entitled to recover the same from any amounts or This benefit payable under the Policy or Rider(s).
- ⁸Up to 12% employee of promoter group discount on first year premium is available.
- ⁹Not applicable under PoS, please refer sales brochure for more information
- ¹⁰Tax benefits of up to ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000 as per old tax regime. Tax benefits under the policy are subject to conditions laid under Section 80C, 80D,10(10D), 115BAC and other applicable provisions of the Income Tax Act,1961. Good and Service tax and Cess, if any will be charged extra as per prevailing rates. The Tax Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
- ¹¹This product offers first year discount of 5% for Limited Pay/Regular Pay and 1% for Single Pay to salaried customers.
- ¹²This product offers an additional first year premium discount of 2% for Limited/Regular Pay and 0.5% for Single Pay on reaching any one of the below mentioned life milestones:
  
  Marriage - if policy is purchased within 6 months before or after the date of marriage
  
  Birth/adoption of first child - if policy is purchased within 6 months before or after the birth/adoption date
  
  First job - if policy is purchased within next 6 months of the joining date
  
  Home loan - if policy is purchased within next 6 months of the loan getting sanctioned
- Such discount is capped to a maximum of Rs. 500 over the year
- ¹³Under Life Promise Plus Option, an amount equal to the 100% of the Total Premiums Paid (excluding loading for modal premiums) shall be payable at the end of the Policy Term, provided the life assured survives till maturity and the policy is not terminated earlier.
- This product is underwritten by Tata AIA Life Insurance Company Ltd. Insurance cover is available under this product. In case of non-standard lives, extra premiums will be charged as per our underwriting guidelines.
- This plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance. For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale. Premium will vary depending on the option chosen
- Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs, and the Surrender Value payable may be less than the all the Premiums Paid. In case of POS variant, the product is available with/without medical underwriting as per BAUP (Board Approved Underwriting Policy)
- L&C/Misc/2024/Oct/0750