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Non-Linked Non-Participating, Individual Life Insurance Pure Risk Premium Product (UIN: 110N102V04)

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Tata AIA Life Insurance Maha Raksha Supreme 

A term insurance policy can cover your family against life's uncertainties because of the better sum assured it offers at the most affordable premium rates.

And so, the Tata AIA Life Insurance Maha Raksha Supreme, a pure term plan, offers great flexibility in terms of policy coverage and life cover benefits, as well as the liberty of choosing your premium payment options!

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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.

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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.

Benefits of Tata AIA Life Insurance Maha Raksha Supreme – A Term Insurance Plan

Whole Life Coverage

Whole Life Coverage

By opting for the whole life cover option under this policy, you can avail of extensive life cover up to 100 years of age. This life cover option ensures your family’s security for the longest possible policy term.

Life Stage Plus Option

Life Stage Plus Option

The Life Stage Plus** Option, if chosen at policy inception, enables you to increase your life cover with an additional sum assured on the same policy during important stages/milestones such as marriage or childbirth during your lifetime.

Inbuilt Accelerator Payout Benefit

Inbuilt Accelerator Payout Benefit

This plan comes with in-built Payout Accelerator benefit, which offers 50% of the basic sum assured if you get diagnosed with terminal illness.

Tax Benefits

Tax Benefits

Your policy premiums paid will be eligible for tax# deductions under Section 80C of the Income Tax Act while the benefits payable on death during the policy term will be exempt from taxes under Section 10(10D) of the Income Tax Act.

Special Premium Rates

Special Premium Rates

A healthy lifestyle should be rewarded and we offer special rates for non-smokers. Additionally preferential rates are offered to female lives. When you opt for higher protection, you get discounts~ that make the plan more affordable.

Optional Riders

Optional Riders

You can add additional Riders^ to increase your plan coverage.

Highlights of Tata AIA Insurance Maha Raksha Supreme

  • Flexible Plan Options

    With a choice of flexible life cover options, you have the choice of premium payment modes, terms and frequencies under the term insurance plan enables you to customise your policy as per your needs and affordability.

  • High Cover Discount

    High cover discount~ available in your plan for Regular Pay / Single Pay plan option. For Limited Pay, high cover discounts are built in the premium rates.

  • Free-Look Period

    The free-look period enables you to review your policy terms and conditions or cancel the policy within 30 days of policy purchase if purchase online and 15 days if purchased offline. Once cancelled, subject to the company guidelines, the paid premiums will be refunded.

  • Financial Protection

    The nominee will receive the sum assured in case of unfortunate death of the life assured during the policy term.

Eligibility Criteria

Plan Options

Parameters

Minimum Entry Age

18 years

Maximum Entry Age

For Non - POS

70 years for Single Pay, Regular Pay and Limited Pay 4 and 5

65 years for Limited Pay 6 to 45

45 years for Pay to Age 60

For POS

60 years for Single Pay, Regular Pay and Limited Pay 5 to 45

Maturity Age

(For POS)

 

Minimum

Maximum

Non-Whole Life

23

85

Whole Life

100

100

Maturity Age

(For Non-POS)

 

Minimum

Maximum

Non-Whole Life

23

65

Basic Sum Assured

Min: Rs. 5,000,000 & Max: No Limit Subject to Underwriting

Sum Assured should be in multiples of Rs. 5,00,000

Premium Paying Term (PPT)

Min. Policy Term

Max. Policy Term

Min. Policy Term

Max Policy Term

Non whole life (non-POS)

Non whole life (POS)

Single pay

10

50

10

47

Regular Pay

10

50

10

47

Limited Pay 4

PPT + 1

Up to age 85

NA

NA

Limited Pay 5 to 45

PPT + 1

Up to age 85

PPT + 1

Up to Age 65

Limited Pay to Age 60

Not Applicable

Not Applicable

 Premium Paying Term
(PPT)

Max Policy Term

Whole Life (Non-POS)

Single Pay

Not Applicable

Regular Pay

Limited Pay 5


100 - age at entry

Limited Pay 10

Limited Pay 12

Limited Pay to Age 60

 

Premium Payment Modes: Regular/Limited Pay Annual/Semi-Annual/Quarterly/Monthly

Documents Required

PAN card

Aadhar Card

Bank statement

(for the previous 6 months)

Salary Slip

Income Tax Reciept

How Does This Plan Work?

Choose the amount of life insurance cover you need to financially safeguard your family. The amount of life you choose is the Basic Sum Assured which can be a minimum of ₹50,00,000, while there is no limit on the maximum Basic Sum Assured (subject to underwriting).

At policy inception, if you opt for the Life Stage Plus** Option, you will be able to avail of an additional sum assured or life cover at important stages in your life without any need for new medical underwriting. You can choose between 10%-50% of the additional sum assured based on your requirement with the limit of 50 lakhs.

Next, you will have to choose the policy term and premium payment option as per your needs. You can pay the premiums as Single, Limited or Regular Pay and also choose to pay the premiums on an annual, semi-annual, quarterly or monthly basis.

To ensure that you are able to pay your premium as per your affordability and convenience, our Tata AIA Life Insurance advisor will help you with the premium calculation, basis the life cover amount and coverage option you select. While the Inbuilt Payout Accelerator Benefit is a part of the policy, an optional rider^ may be chosen by you, depending on your needs. This rider will carry an additional but nominal premium charge.

Once the term insurance policy has been customised as per your needs, you can complete the policy purchase with the help of the options of digital payment channels available on our official website.

Add Riders^

Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN: 110B033V02)

You can choose one or more benefit options (risk covers), including death, accidental death / disability, critical illness and terminal illness
Flexibility to receive benefit as combination of lump-sum and income for fixed period, income till survival of partner, or as waiver of future premiums
Know More

Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN: 110B031V02)

You can choose one or more benefit options (risk covers), from a list of 5 available options, including disability, hospitalization, and illness
The rider provides coverage against both major illnesses, and minor injuries or illnesses, while allowing multiple claim payouts
Know More

Need more information?

Let us help you

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.

Looking to get a new plan? 

Connect with us now

+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.

Frequently Asked Questions

General Policy Cover Claim

Why is term insurance important?

Term insurance is important because this type of life insurance offers a comprehensive and protective life cover to your family for a fixed policy term. During this term, any unforeseen circumstances leading to your unfortunate demise can become a financial setback for your loved ones; however, the term plan will pay out a death benefit to them in such a situation to help them sustain their livelihood.

What is the primary benefit of a term insurance plan?

The primary benefit of a term insurance plan is that it provides extensive life insurance coverage for very affordable premiums. Hence, even if you select a high sum assured to ensure your family’s future financial security, the premiums paid throughout the policy term will still be reasonably priced.

Do all term plans offer whole-life coverage?

No, most term plans only offer life insurance coverage for a flexible period of 5-40 years; however, some term plans, such as the Tata AIA Life Insurance Maha Raksha Supreme is a term life insurance product that offers a choice between 85 years or 100 years of life insurance cover.

How to choose a suitable term plan?

You can choose a suitable term plan as per your family’s future financial needs and your current and future financial capacity to pay the policy premiums. Before you purchase a term plan, consider your family’s needs that may have to be fulfilled in your absence, any emergency needs as also the repayment of any debts or loans if needed. This will help you decide the life insurance coverage amount for your term plan that will secure your family financially.

How do I purchase the Tata AIA Life Insurance Maha Raksha Supreme?

You can buy the Tata AIA Life Insurance Maha Raksha Supreme online through the official Tata AIA Life Insurance website. If you want to purchase the policy offline, you may visit any of the Tata AIA Life Insurance office branches.

What is the Life Stage Plus Option?

The Life Stage Plus** Option is a feature offered under the Tata AIA Life Insurance Maha Raksha Supreme that allows you to increase your life cover during significant life stages over and above the Basic Sum Assured. You can opt for this feature when purchasing your policy and avail of it within a year of any important milestone that requires you to increase the policy coverage.

What benefits on the premium can policyholders get from this term plan?

If you are a woman policyholder, you can avail of lower premium rates on the policy, provided you are a non-smoker. Even healthy policyholders with no smoking habits can avail of preferential premium rates. Moreover, if you have opted for a life insurance coverage amount of ₹1,00,00,000 and above, you can avail of a discount on the cover under the Regular Pay and Single Pay premium payment options. In case you have opted for a higher life cover under Limited Pay, the discount is built into the premium rates.

Does the Tata AIA Life Insurance Maha Raksha Supreme have maturity benefits?

No, the Tata AIA Life Insurance Maha Raksha Supreme does not offer any maturity benefits as it is a pure term life insurance plan. Once the death benefits are paid out as applicable, the policy is terminated, and no further benefits can be paid out.

What does the death benefit of this term plan comprise?

The death benefit, paid out on the death of the policyholder during the policy term, comprises the Sum Assured and any Additional Sum Assured (under the Life Stage Plus** Option). Under the Regular and Limited premium payment mode, the sum assured is the highest of – the basic sum assured or 10 times the annualised premium or 105% of the total premiums paid up to the date of death.

Under the Single Pay, it can be the highest of either the basic sum assured or 125% of the Single Premium.

Why do I need to add a rider to my term plan?

You can add an optional rider^ to your term plan to enhance the coverage of your policy. The term plan coverage offers death benefits payable only on the death of the policyholder during the policy term; however, a rider like the Tata AIA Life Insurance Accidental Death and Dismemberment Long Scale) (ADDL) Rider also offers additional benefits in case of accidental death, dismemberment or severe burns, subject to the rider’s terms and conditions.

What does the claim settlement ratio mean?

The claim settlement ratio is indicative of the insurer’s capacity to settle life insurance claims. It is a ratio determined by the number of claims that have been cleared by an insurance company as compared to the number of claims received in a financial year.

Do I need to file a claim for the Inbuilt Payout Accelerator Benefit?

Yes, you will have to file a claim to receive the benefits of the Inbuilt Payout Accelerator Benefit. When diagnosed with a terminal illness, you will have to submit the documentation supporting the diagnosis so that 50% of the basic sum assured can be paid out to you. And on death, the other 50% of the benefit will be paid out to your nominee as a death benefit.

How to file a claim under this term plan?

To file a claim, you can reach out to us through any of the following channels:

  • Email us at: customercare@tataaia.com
  • Call our helpline number - 1860-266-9966 (local charges apply)
  • Walk into any of the Tata AIA Life Insurance Company branch offices
  • Write directly to us at:

The Claims Department,

Tata AIA Life Insurance Company Limited

B- Wing, 9th Floor,

I-Think Techno Campus,

Behind TCS, Pokhran Road No.2,

Close to Eastern Express Highway,

Thane (West) 400 607.

IRDA Regn. No. 110

Disclaimers 

  • ^Rider 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.
  • #Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stiSpulated 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.
  • **The Life Stage Plus Option can be selected only at inception of the Policy
  • ~Applicable to large sum assured. For more details, Please refer discount table in product brochure.
  • 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.
  • L&C/Advt/2022/Jul/1669