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30 Lakh Term Insurance
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Term Insurance Calculator
What Is a Rs. 30 Lakh Term Insurance?
It is essentially a life cover that provides a payout of Rs. 30 lakh to your nominee, in case of death during the policy term. With TATA AIA, term plans have been designed to maintain the financial well-being of a family without even having to spend on daily consumables, repaying outstanding debt, or bearing the future costs of children's education.
The entire focus is on ensuring that your loved ones have the financial breathing room they need if something unforeseen ever happens.
Our Best-Selling Term Insurance Plans
Tata AIA
Sampoorna Raksha Promise
Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N176V04)
Tata AIA
Maha Raksha Supreme Select
Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V07).
Why Buy Rs. 30 Lakh Term Insurance?
The idea behind opting for a Rs. 30 lakh cover is simple: you get a decent level of protection at a premium that usually doesn’t strain your monthly budget. Imagine a situation where you have a home loan to repay or where you want to secure funds for your child's higher studies. An unexpected event would see your family not rushing to keep up with such major expenses since the policy steps in with a large sum assured to keep them afloat during tough times Plus, if you lock in your policy at a younger age, your premiums are likely to be far more economical.
How Does a Rs. 30 Lakh Term Plan Work?
Think of it as a protective shield that springs into action when needed the most:
You pick your coverage: You decide on Rs. 30 lakh as the sum assured, based on your future financial obligations.
You pay periodic premiums: The premium amount depends on factors like your age, health, and the policy duration.
Coverage continues for the chosen term: If anything happens to you during this term, the insurance pay-out of Rs. 30 lakh goes to your nominee.
Policy matures if you outlive the term: In most term plans, there’s no survival or maturity benefit. But the peace of mind you enjoyed throughout the policy
What Are the Benefits of Rs. 30 Lakh Term Insurance?
Debt Security
Your home loan, car loan, or personal loan won’t turn into a crushing burden for your family.
Educational Safeguard
Funds remain on track for your child’s schooling or higher studies—even if you’re not there to see it through.
Lifestyle Maintenance
A lump-sum amount ensures your loved ones can maintain basic day-to-day comforts.
Tax Advantages
You may be entitled to deductions on premiums and tax-free death benefits under the prevailing tax laws.
Flexibility
You can often add riders like critical illness coverage or accidental death benefits for broader protection, all under one umbrella.
How to Choose the Right Rs. 30 Lakhs Term Insurance Plan
Assess Future Goals
Look beyond today. Factor in your family’s aspirations, potential medical costs, and any big-ticket expenses like a child’s college fees or marriage.
Compare Premiums
While affordability is key, also check the insurer’s claim settlement record to ensure that payouts happen smoothly.
Check Additional Features
Some plans come with riders or premium waiver options that can significantly enhance your coverage.
Select the Right Tenure
If you have a 20-year loan, make sure your term extends at least that long. Align the policy term with your biggest financial responsibilities.
Go with a Trusted Name
A plan is only as good as the insurance provider’s credibility. TATA AIA, for instance, focuses on transparent processes and prompt claim settlement, so you can count on consistent support.
Securing a term plan worth Rs. 30 lakh is often seen as a balanced approach: it’s typically affordable yet robust enough to keep your family’s financial life steady if the unexpected occurs. When you partner with TATA AIA, you’re not just choosing a policy—you’re choosing a commitment to safeguarding your loved one’s dreams.
- Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V04)
Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V07)
*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 discount for digital purchase and salaried person. 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.
+Tax 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. 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.
14This product offers first year digital discount of 10% and first year Salaried discount of 5% for Limited Pay/Regular Pay. For Single Pay, 1% digital discount and 1% salaried discount will be provided in the first year
#Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for 2 Cr. Sum Assured with Policy Term of 15 yrs. (Regular Pay) with Life Secure plan option. Please refer Benefit Illustration for more details. 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.
~Under 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
2Individual Death Claim Settlement Ratio is 99.13% for FY 2023-24 as per the latest annual audited figures.
This product is underwritten by Tata AIA Life Insurance Company Ltd.
The plan is not a guaranteed issuance plan, and it will be subject to company’s underwriting and acceptance.
Insurance cover is available under this product.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. The precise terms and condition of this plan are specified in the Policy Contract.
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 non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
In case of POS variant, the product is available with/without medical underwriting as per BAUP (Board Approved Underwriting Policy)
Premium will vary depending on the option chosen
L&C/Advt/2025/Feb/0934
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