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Plan Snapshot
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Increase your life cover at important life stages such as marriage or childbirth
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Enhance protection with Education Secure for your children
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Get 5% salaried customer discount7 on first year premium
- Get a waiver of premium if diagnosed with a terminal illness
- Option to defer premiums by up to 12 months with FlexiPay8 Benefit
- Get Instant payout on claim intimation9
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Benefits Of Tata AIA Maha Raksha Supreme Select
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![Maturity Benefits: 100% Total Premiums Paid]( "Maturity Benefits: 100% Total Premiums Paid")
Get your Premium Amount Back
With Life Secure Plus, Step-Up Secure Plus, and Joint Life Secure Plus plan options, you'll get back 100% of the total premiums you've paid (excluding loading for modal premiums and discounts) at the end of the policy term as a maturity benefit.
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![Payor Accelerator Benefit]( "Payor Accelerator Benefit")
Payor Accelerator Benefit
If diagnosed with a Terminal Illness, you'll receive a lump sum payment equal to 50% of the base sum assured. Additionally, you won't have to pay any future premiums.
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![Life Stage Coverage Option]( "Life Stage Coverage Option")
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.
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![Annual Top-Up Increase]( "Annual Top-Up Increase")
Top-Up Benefit
It's important to consider inflation's impact on your finances. Our Top-Up benefit lets you annually increase your life cover by a certain percentage of the base sum assured to accommodate rising financial needs.
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![Education Security]( "Education Security")
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.
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![Continued Cover: Survivor's Choice]( "Continued Cover: Survivor's Choice")
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.
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![Tax Advantages under Section 80C, 10(10D)]( "Tax Advantages under Section 80C, 10(10D)")
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.
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![Discounted Premium for Women]( "Discounted Premium for Women")
Lower Premium for women
We offer 15% lower premium rate for women to make comprehensive protection more accessible.
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![Enhanced Coverage with Optional Riders]( "Enhanced Coverage with Optional Riders")
Optional Riders
With our add-on riders1 under this term insurance plan, you can enhance the coverage for probable risk scenarios.
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![Term Plan Renewability Option]( "Term Plan Renewability Option")
Renewability Option at Maturity
You can extend the policy term of your term plan by choosing to renew it at maturity. This option can be used up to 5 times.
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![FlexiPay Benefit]( "FlexiPay Benefit")
FlexiPay8 Benefit
You can defer your premium payments for up to 12 months while keeping full coverage under your base plan and any riders. If a claim occurs during this period, the sum assured will be paid after deducting unpaid premiums. At the end of deferment, you'll need to pay all due premiums to keep the policy active. No additional premium and Interest is charged on deferred Premium.
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![Instant Payout on Claim Intimation]( "Instant Payout on Claim Intimation")
Instant Payout9 on Claim Intimation
If the life insured passes away after 3 policy years, an instant death benefit of INR 3 lakhs will be paid within 1 working day. The remaining sum assured amount will be paid after the claim investigation is completed. No additional premium charged.
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 options
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:
Tata AIA
Vitality Health
A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V03)
Tata AIA
Vitality Protect
A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V04)
Tata AIA Life Insurance
Non-Linked Comprehensive Protection Rider
A Non-Linked, Non- Participating Individual Health Rider (UIN:110B033V04)
Downloads
Frequently Asked Questions (FAQs)
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 is Flexi Pay Benefit with Tata AIA Maharaksha Supreme Select?
With the Flexi Pay8 Benefit, you can delay the premium payment of your policy for up to 12 months without losing coverage and at no additional cost. If a claim is made during this period, the sum assured will be paid after deducting the unpaid premiums, if any, as on date of death or other insured event covered under base product and attached riders.
At the end of premium deferment period, you are 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). During the Premium Deferment, the policy will remain in-force with the benefits applicable under Grace Period of the policy.
What Is Instant Payout9 on Claim Intimation
In case of death of the Life Insured, post completion of waiting period of 3 Policy Year from the policy inception or Revival of the Policy and provided the Policy is in force, an accelerated instant death benefit of INR 3 Lacs from the Sum Assured will be paid within 1 working day from the claim registration date. The remaining sum assured shall be payable post the completion of the claim investigation.
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, Pure Risk, Individual Life Insurance Product (UIN: 110N171V04)
- *Tata AIA MahaRaksha Supreme Select offers first year digital discount of 1% for Single Pay, 10% for Limited Pay/Regular Pay.
- `Illustrated Premium is the monthly premium including 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.
- 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.
- Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V04 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:110B046V04 any other later version), Tata AIA Vitality Health (A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V03 any other later version) are available under this plan.
- 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.
- 6Tax 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.
- 7Tata AIA Maha Raksha Supreme Select offers Premium discount of 1% of single premium and 5% on first year premiums for regular and limited pay to the salaried customers.
- 8With this feature, 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). | FlexiPay 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 FlexiPay Benefit, 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 benefits payable under the Policy or Rider(s). | Please refer the sales brochure and policy document for more details.
- 9With 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 SA 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. | On assessment of documents submitted during claim assessment, additional documents may be sought by the company. | Please refer the sales brochure and policy document for more details.
- 10Our Individual Death Claim Settlement Ratio is 99.13% for FY 2023 - 24 as per the latest annual audited figures
- 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.
- L&C/Advt/2024/Oct/3036
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