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Non-Linked, Non-Participating, Individual Life Insurance Product (UIN: 110N171V02)


Tata AIA

Maha Raksha Supreme Select

 

Non-Linked, Non-Participating, Individual Life Insurance Product (UIN: 110N171V02)
 

Tata AIA

Maha Raksha Supreme Select


Secure the financial well-being of your loved ones in your absence with pure protection and enhanced customised coverage.


Secure the financial well-being of your loved ones in
your absence with pure protection and enhanced
customised coverage.

  • Benefit from 7 Plan Options

  • Flexibility to increase cover at important Life Stages

  • Enhance coverage for the cost of higher education of up to 3 nominated children

Get your free personalized quote

Get your free personalized quote

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    Plan Snapshot

    • Choose from 7 Plan Options to secure your family’s future 

    • Plan to increase your life cover at important Life Stages

    • Enhance protection with Education Secure for your children

    • Inbuilt Payor Accelerator Benefit for Terminal Illnesses with waiver of premium on diagnosis
    • Top-up your coverage by a certain percentage every year
    • Benefit from add-on Riders1
    Need advice on a new plan?
    Let our experts get back to you.
     

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    Benefits Of Tata AIA Maha Raksha Supreme Select

    • Maturity Benefits

      Under Life Secure Plus, Step-Up Secure Plus and Joint Life Secure Plus Options, an amount equal to 100% of the Total Premiums Paid (excluding loading for modal premiums and discount) shall be payable at the end of the Policy Term as a maturity benefit.

    • Multiple Plan Options

      The plan offers seven different options, namely, Life Secure, Life Secure Plus, Joint Life Secure, Joint Life Secure Plus, Step-Up Secure, Step-Up Secure Plus, and Legacy Secure Plus to suit individual financial requirements.

    • Payor Accelerator Benefit

      A benefit equal to 50% of the base sum assured will be paid out as a lump sum on diagnosis of a Terminal Illness and all future premiums shall be waived off.

    • Life Stage Option

      Aligning your protection with evolving financial responsibilities is crucial. Increase the coverage at any important events such as marriage, birth or adoption of 1st child, birth or adoption of 2nd child, or home loan disbursal with our Life Stage option.

    • Top-Up Benefit

      Accounting for the impact of inflation is essential to secure finances. With our Top-Up benefit, you can increase the life cover by a certain percentage of the base sum assured yearly to factor in the increasing financial requirements.

    • Education Secure

      Securing funds to cover education expenses will help your children achieve their dreams and aspirations. With our Education Secure option, you get additional protection to cover the total cost of education of up to 3 nominated children.

    • Cover Continuation Option

      In case of the first death of either you or your spouse during the policy term under Joint Life Secure and Joint Life Secure Plus, the surviving life may choose to continue their life cover by taking a Single Premium policy under our Cover Continuation Option.    

    • Tax Benefits

      Premium paid for and payouts received under the policy are eligible for a tax2 deduction and tax exemption benefit under Section 80C and Section 10(10D) of the Income Tax Act 1961.

    • Premium discount for women

      We offer the plan at a lower premium rate for female lives to make comprehensive protection more accessible.

    • Optional Riders

      With our add-on riders1 under this term insurance plan, you can enhance the coverage for probable risk scenarios.

    • Renewability Option at Maturity

      If you want to extend the policy term of your term plan, you can choose to renew it at maturity. It is an option that can be exercised up to 5 times.

    • Flexibility

      Flexibility is offered on the choice of the policy term and premium payment term (single, limited, or regular premium payment).

    Tata AIA Maha Raksha Supreme Select Plan Options

    Life Secure Option

    The policyholder chooses the Base Sum Assured at the time of purchase. In case the life assured dies during the policy term, the stipulated death benefit will be paid out to the nominee and the policy will terminate.

    In case the life assured survives till maturity, no additional benefit is payable, and the policy terminates

    Life Secure Plus Option

    The policyholder chooses the Base Sum Assured at the time of purchase. In case the life assured dies during the policy term, the stipulated death benefit will be paid out to the nominee and the policy will terminate.

    In case the life assured survives till maturity, an amount equal to the 100% of the Total Premiums Paid (excluding loading for modal premiums and discount) towards the benefit option, “Life Stage” or “Top-up Sum Assured”, if opted, shall be payable at the end of the Policy Term, provided the policy is not terminated earlier.

    Joint Life Secure Option

    Under the Joint Life Secure Option, the life assured and their spouse will be covered under the same plan. The policyholder decides the Base Sum Assured during policy inception.

    In case any or both the life assureds survive till maturity, no additional benefit is payable, and the policy terminates.

    Joint Life Secure Plus Option

    Under the Joint Life Secure Option, the life assured and their spouse will be covered under the same plan. The policyholder decides the Base Sum Assured during policy inception.

    In case the life assured survives till maturity, an amount equal to 100% of the Total Premiums Paid (excluding loading for modal premiums and discount) towards the benefit option and Life Stage or Top-up Sum Assured option, if opted, shall be payable at the end of the Policy Term, provided the policy is not terminated earlier.

    Step-Up Secure Option

    It is a pure risk variant, and the policyholder chooses the Base Sum assured and a Step-Up period. The step-up period is between 1 and 5 years. The death benefit is as follows:
     

    • During the step-up Period - The benefit is pre-defined, and a % of the Sum assured as follows:

      Policy Year

      % of Base Sum assured

      1

      10

      2

      15

      3

      20

      4

      25

      5

      50

    • Post completion of the step-up period- 100% of the Base Sum Assured

    If the life assured survives till maturity, no additional benefit is payable, and the policy terminates.

    Step-Up Secure Plus Option

    The death benefit remain the same as the Step-Up Secure Option.

    In case the life assured survives till maturity, an amount equal to 100% of the Total Premiums Paid (excluding loading for modal premiums and discount) towards the benefit option and Life Stage or Top-up Sum Assured option, if opted, shall be payable at the end of the Policy Term, provided the policy is not terminated earlier.

    Legacy Secure Plus Option

    This is a whole of life option with increasing life cover throughout the policy term. Additionally, a lumpsum is paid out at two milestone ages.  

    In case of death of the life assured, the stipulated death benefit in that policy year less any payout under Payor Accelerated Benefit less any payout under Milestone Benefit (explained below) will be paid out to the nominee and the policy will terminate.

    In case the life assured survives till pre-defined Milestone Age, an amount equal to a percentage of the Total Premiums Paid (excluding loading for modal premiums and discount) towards the benefit option shall be payable at the end of attaining each Milestone Age, provided the policy is not terminated earlier.

    Milestone Age

    Percentage of Total Premiums Paid

    15th Policy anniversary or attaining Age 80, whichever is earlier

    25

    25th Policy anniversary or attaining Age 85, whichever is earlier

    75


    In case the life assured survives till maturity, no additional benefit is payable, and the policy terminates.

    Please refer the brochure for complete details on plan opions


    Add-on Riders

    The add-on riders1 enhance the coverage and can be included at policy inception or any policy anniversary of the base plan.
     

    Riders that can be included with Tata AIA Maha Raksha Supreme Select are as follows:

     

    Frequently Asked Questions (FAQs)

    General Policy Cover Claim

    Why should you buy a term insurance plan?

    A term insurance plan is a pure protection life insurance policy that provides a sum assured to your family in the event of your unexpected demise. It helps them pay their routine expenses, clear off debts, and plan for future financial commitments in your absence.

    As it does not have a savings or investment component, it is highly affordable for extensive coverage.

    How to choose the best term insurance policy?

    The following steps can help you determine the best term life insurance policy:

    • Determine the required life cover based on your family’s future financial requirements.
    • Decide on the policy tenure, considering your financial responsibilities and the timelines.
    • Research and find insurance providers who offer term insurance plans.
    • Select reliable insurers by analysing their claim settlement processes and the Individual Death claim settlement ratio.
    • Compare the features and benefits of the plan options to choose the best term plan that will suit your financial condition and requirements.

    What are the factors that affect the term insurance premium?

    Some of the major factors that affect the term insurance premium are age, gender, lifestyle, health conditions, life cover required, and policy term.

    What is the difference between the Life Stage and Top-Up benefit option?

    With the Life Stage option, you can increase the term insurance coverage at any of the important events such as marriage, birth or adoption of 1st child, birth or adoption of 2nd child, or home loan disbursal.

    Conversely, with the Top-Up benefit, you can increase the life cover by a certain percentage of the basic sum assured yearly to factor in the increasing financial requirements.

    What are the premium payment options applicable to this term policy?

    The premium can be paid as a single payment, regularly through the policy tenure, or regularly for a limited term. For the regular and limited premium payment options, it can be paid in monthly, quarterly, semi-annual, or annual modes. 

    Will the premium for my Tata AIA Maha Raksha Supreme Select term policy increase if I renew it at maturity?

    Yes, the premium for the term policy will increase upon renewal and is based on the attained age at the time of maturity and the increase in cover that is desired.

    What is the Cover Continuation Option, and when can I opt for it?

    The Cover Continuation Option is a benefit option that allows the surviving life to continue their life cover by taking a Single Premium policy in case of the first death of either you or your spouse during the policy term under Joint Life Secure and Joint Life Secure Plus options.

    The option can be chosen at the time of policy inception. However, the surviving life has a choice not to exercise this option at a later date. 

    Does the Tata AIA Maha Raksha Supreme Select term policy offer maturity benefits?

    The maturity benefits apply to the Life Secure Plus, Joint Life Secure Plus, and Step-Up Secure Plus Plan options.

    How does a rider help in enhancing the coverage for my term insurance plan?

    Riders are add-on options that provide an additional financial benefit in the occurrence of a specified event.

    For example, if you have purchased the rider for the critical illness benefit, the rider will offer financial support to pay for the treatment expenses when you are diagnosed with a critical illness such as cancer during the policy tenure. It is a benefit over and above the sum assured for the death benefit.

    How can I claim the Tata AIA Maha Raksha Supreme Select benefits?

    The claim for the Tata AIA Maha Raksha Supreme Select benefits can be initiated online or offline. Click here to understand the different options to file a claim and the documents required.

    How can I track the status of my registered claim?

    You can track the status of your claim online by clicking here.

    Disclaimer

    • Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Individual Life Insurance Product (UIN: 110N171V02)
    • 1Riders are not mandatory and are 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/Intermediary/ branch.
    • 2Income 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.
    • 3Tata AIA Vitality - A Wellness Program that offers you an upfront discount at policy inception. You can also earn premium discount / cover booster (as applicable) for subsequent years on policy anniversary basis your Vitality Status (tracked on Vitality app) Please refer rider brochures for additional details on health and wellness benefits.
    • Vitality is a trademark licensed to Tata AIA Life by Amplify Health Assets PTE. Limited, a joint venture between Vitality Group International, INC. and AIA Company Limited. The assessment under the wellness program shall not be considered as a medical advice or a substitute to a consultation/treatment by a professional medical practitioner.
    • 4On enrolling into the Wellness Program, you get an upfront discount of 5% on 1st year premium for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care Benefits and of 10% on 1st year premium for Term Booster, CritiCare Plus, Accelerated CritiCare, Multistage CritiCare, Cancer Care, Cardiac Care. The rewards are offered on cumulative basis and in any year, the maximum rewards in view of both the Up-front Rewards and Annual Rewards Flex together shall be 15% for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care and 30% for all other rider benefit options. Discount is driven by accumulated points which is achieved through wellness status. Please refer policy document for more details.
    • 5If Return of Balance Premium option is chosen with any of the benefit option/s, an amount equal to the Total Premiums Paid (excluding loading for modal premiums) towards the benefit option, less any claim amount already paid out under the respective benefit option, shall be payable at the end of the benefit option term, provided the benefit option is not terminated.
    • Insurance cover is available under this product.
    • 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.
    • 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.
    • In case of sub-standard lives, extra premiums will be charged as per our underwriting guidelines.
    • For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
    • All Premiums, Charges, 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, charges 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.
    • Our Individual Death Claim Ratio is 99.01% for FY 2022 - 23 as per the latest annual audited figures
    • L&C/Advt/2024/Mar/0689
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