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Tata AIA Life Insurance
iRaksha TROP 

Non-Linked Non-Participating, Individual Life Insurance Savings Plan (UIN: 110N106V03)

We always do what is best for our family, and take care of their needs. Our world revolves around our loved ones, and we never shy away from our responsibilities. One of our key responsibilities is to protect their smiles, and ensure that nothing comes in between them, and the life they deserve.

One of the ways this can be achieved is by choosing a comprehensive life insurance plan, which not only offers the cover of protection, but also promises to secure their financial future. Ensure that your loved ones do not have to compromise with anything, by purchasing the Tata AIA Life Insurance iRaksha TROP term plan.

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Key
Benefits

Coverage of The Term Insurance Plan

The TROP insurance provides an option  for protection up to the age of 100, or for policy term up to 40 years

Dual Benefits of The Term Plan

Offer financial protection through insurance cover, and return of premiums1 paid in case the policyholder survives till maturity

Discount on Term Insurance Premiums

Discount on the premium on opting for higher sum assured

Benefits for women and non-smokers

This TROP insurance policy offers low premium rates for women policyholders and for non-smokers

Highlights of Tata AIA Life Insurance iRakshaTROP

Coverage for policy term of up to 40 years, or till age 100

Get Rider2 to increase your plan coverage

Lower premium rates for women policyholders and standard premium rates for non-smokers
When you opt for higher sum assured, you get discounts that make the plan more affordable

Get income tax3 benefits as per applicable tax laws

Check eligibility Documents required

Entry age

Minimum age at  entry  18 – 70 years ( for Single Pay, Regular Pay and Limited Pay 5)
18 - 65 years ( for Limited Pay 10)

Premium payment term

Available premium payment term options 
(for policy term of 10 - 40 years)
Limited Pay – 5 years
Single Pay
Regular Pay
Available premium payment term options  
(for policy term of 15 - 40 years)  
Limited Pay – 10 years 

Premium payment mode

Premium payment frequency options 

Annual
Semi-annual 
Quarterly
Monthly 
Single (for Single Pay) 

Age at maturity

 Maximum age at maturity   100 

Sum assured

Minimum sum assured (in multiples of Rs. 1,00,000)  Rs. 50,00,000
Maximum sum assured (in multiples of Rs. 1,00,000)  No Limit, subject to Board approved underwriting policy
EIA Pancard
PAN card
Aadhar Card
Aadhaar card
Bank Statement
Bank statement (for the previous 6 months)
Salary Slip
Salary slip
Income Tax Rec
Income tax receipt

Frequently Asked Questions

What is term insurance?

A protection plan helps you secure the future of your loved ones, and shields your family from uncertainties in life. It is important to safeguard your family from life’s uncertainties, such as loss of income, untimely demise of a loved one, or critical illnesses. Protection plans facilitate the Rakshakaran of your family, so that you and your loved ones can live life to the fullest.

When should I purchase term insurance?

Since the premiums are lower when you start early, it is a good idea to purchase a protection plan when you are young . Another benefit is that you may not have to undergo medical tests if you purchase a term insurance at a young age

What is the premium payment frequency for term insurance?

You can choose from the following  premium payment frequencies

  • Annual
  • Half-yearly
  • Quarterly
  • Monthly
What documents would I require to buy an insurance policy?

To buy an insurance policy, you need to submit the following mandatory documents.

Proof of address:

The following documents are accepted as valid proof of your address.

  • Bank Statement (or passbook) with the latest entries for six months 
  • Aadhaar card
  • Passport
  • Voter's ID
  • Driving license
  • Electricity/telephone bill
  • Ration card

Proof of identity:

Some of the documents that are accepted as valid proof of your identity include:

  • PAN card
  • Aadhaar card
  • Passport
  • Driving license

Documents showing proof of income:

These documents, which are required only for a few plans, include:

  • Salary slips of the previous 3 months
  • Income tax returns/Employer certificate
  • Bank statement of the previous 6 months
  • Latest Form 16
What are the additional benefits of the iRaksha TROP plan?

The Tata AIA Life Insurance iRaksha TROP(UIN: 110N106V03) plan offers you the dual benefits of financial protection through life cover, and the 1return of premiums paid, provided the policyholder survives until the maturity of the policy. Additionally, by purchasing this plan, you also get tax benefits as per the applicable tax laws.

Looking to buy a new insurance plan? 

Our experts are happy to help you!

+91

TATA AIA Life Insurance Co. Ltd will send you updates on your policy, new products & services, insurance solutions or related information. Select here to opt-in

Disclaimer

  • 1Total of all the premiums received, excluding any extra premium, any rider premium and taxes and excluding loading for modal premiums (if any), will be returned on survival till maturity. 
  • 2Rider 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. 
  • 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.
  •  This product is underwritten by Tata AIA Life Insurance Company Limited. This 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. 
  • In case of Sub Standard lives, extra premiums will be charged as per our underwriting guidelines. 
  • 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 all the Premiums Paid. 
  • All Premiums are subject to applicable taxes, cesses & levies which will entirely be borne by the Policyholder and will always be paid by the Policyholder along with the payment of Premium. If any imposition (tax or otherwise) is levied by any statutory or administrative body under the Policy, Tata AIA Life Insurance Company Limited reserves the right to claim the same from the Policyholder. Alternatively, Tata AIA Life Insurance Company Limited has the right to deduct the amount from the benefits payable by Us under the Policy. 
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
  • L&C/Advt/2023/Oct/3575

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