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Non-Linked, Non-Participating, Group Micro Life Insurance Plan (UIN: 110N165V01) 

An opportunity to insure against a host of life’s uncertainties.


Tata AIA 
Group Micro Raksha Supreme
 

 Can be offered to both Employer - Employee and Non-Employer - Employee groups

 Choice between Single Life and Joint Life coverage 

 Flexible Policy Term from 1 month to 40 years


The importance of taking care of our families, while also caring for oneself cannot be overstated. With this, group insurance plans are an excellent way to provide financial security to our loved ones. Tata AIA Group Micro Raksha Supreme is one such plan that offers comprehensive coverage for death, illness, and disability. 

This plan is available to both employer-employee and non-employer-employee groups, providing peace of mind to individuals and their families. In the unfortunate event of an insured member’s death, the plan pays out a benefit equal to the member’s sum assured at the time of death. 

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Plan Benefits

  • Get Financial Protection

    Provides comprehensive cover against Death, Illness or Disability.

  • Comprehensive cover

    Flexibility to choose benefit options that covers Cancer, Critical Illness, Terminal Illness, Total Permanent Disability and Accidental Death Benefit.

  • Multiple Coverage

    Choose between level coverage, where sum assured remains unchanged, and reducing coverage, where the sum assured is linked to loan amount.

  • Secure your Family

    Choice between Single Life and Joint Life coverage to add your family members under the same plan.

  • Flexible Policy Term

    Get policy cover from 1 month to 40 years.

  • Easy Premium Payment

    Pay your premium conveniently in Yearly Renewable, Single Pay and Limited/Regular Pay mode of payment.

Why Choose Tata AIA Life Insurance?

  • Rs 3,00,000 Crores+

    Among the highest retail sum assured~

  • 73,500+ Crores

    Assets Under Management (AUM)$

  • 72 Lakh+

    Families protected so far*

  • 87.8% Policy Renewal

    Customers renew their policy in 2nd year%

Frequently Asked Questions

What is a group insurance plan?

A group insurance plan is a type of insurance policy that provides coverage to a group of individuals who share a common affiliation with one another. The affiliation can be in form of employees of a company, members of an organization or members of a professional association. The benefit of a group insurance plan is that it offers insurance coverage to a larger number of individuals at an affordable rate. 

In case of a group insurance plan, usually the employer or the organization purchases the insurance coverage on behalf of the group members. The insurance coverage typically includes different insurance plans such as life insurance, health insurance and disability insurance.

How can I purchase Tata AIA Group Micro Raksha Supreme for my employees?

To purchase this plan, you can reach out to Tata AIA Life Insurance group insurance team with details such as the number of group members to be covered, their ages, and any specific coverage requirements you may have. We will work with you to customize the coverage options based on your organization's needs and guide you through the available options and help you choose the appropriate coverage levels, including the types of coverage and the sum assured for each employee.

Can individuals purchase group insurance plans?

Group insurance plans are designed for certain groups with affinity relations, such as employers and their employees or other specific affinity groups. These plans are not available for individual purchase. However, individuals can explore and purchase retail insurance plans directly from Tata AIA Life Insurance that are designed for personal coverage needs.

Disclaimers

  • Tata AIA Group Micro Raksha Supreme – A Non-Linked, Non-Participating, Group Micro Life Insurance Plan (UIN: 110N165V01)
  • *72,34,092 families protected till 31st March 2023. 
  • ~Retail Sum Assured for FY22 is Rs 3,07,804 Cr.
  • %87.8% 13th month persistency for FY21-22.
  • $As on 30th April 2023, the company has a total Assets Under Management (AUM) of Rs. 73,538.61 Crores
  • This product is underwritten by Tata AIA Life Insurance Company Ltd. 
  • Insurance cover is available under this product.
  • This plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.
  • In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines. 
  • All Premiums and interest payable under the policy are exclusive of applicable taxes, duties, surcharge, cesses, or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium or interest. Tata AIA Life shall have the right to claim, deduct, adjust, and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy.
  • For more details on risk factors, benefit exclusions, terms and conditions, please read the sales brochure carefully before concluding a sale.
  • L&C/Advt/2023/Jun/1744
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