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Tata AIA Shubh Rakshak

Tata AIA Shubh Rakshak is a term insurance plan offering customised benefits to individuals, including NRIs. It combines life insurance protection with wellness and OPD benefits, helping you safeguard your family’s future while taking care of your health today.

It offers comprehensive life cover along with health and wellness benefits worth up to ₹64,000 every² year through the Tata AIA Health Buddy programme.

Why choose Tata AIA Shubh Rakshak?

The plan goes beyond traditional term insurance by combining protection with wellness. It secures your family financially as well as encourages a healthier lifestyle with its unique health benefits and preventive care features.

Key features of Tata AIA Shubh Rakshak

Whole Life Cover

Get whole life cover up to 100 years of age¹.

Wellness Benefits

Avail wellness⁹ benefits worth ₹64,100/year² for two lives including parents.

Return of Premium

This benefit gives you back all the premiums³ you paid if you outlive the policy term.

Avail Discounts

Customers can avail up to 18.5% digital and salaried discount⁴ on first year premium.

Income Tax Benefits

Get income tax⁵ benefits under Section 80C on premiums paid and under Section 10(10D) on the maturity or death benefit received from the policy.

Express Claim Settlement

Get your claims settled under 4 hours⁶.

Multiple payout options

Nominee has the option to choose between lump-sum or instalment-based payouts.

Optional Riders

You may add additional riders⁷ to increase your policy coverage.

Additional benefits of Tata AIA Subh Rakshak plan

Cover enhancement

Increase your cover 50% on marriage, 25% on birth/adoption of each child, and 100% on home loan disbursal. You can also top up your sum assured annually by 5 to 20%, as chosen during purchase. (Subject to underwriting)

Accidental death benefit

Get an additional payout equal to the base sum assured if death occurs due to an accident.

Instant claim payout

Once the 3-year waiting period is over, nominees are eligible for an instant ₹3-lakh payout¹⁰ at the time of claim intimation.

Super retirement benefit

Convert your premiums into a steady post-retirement income or withdraw as a lump sum.

Waiver of premium

All future premiums are waived in case of the husband’s accidental death.

Premium holiday during pregnancy

Women can skip premium payments for 12 months during pregnancy (available twice, with two-year gaps).

Child education protect

Ensure uninterrupted education for your child with a predefined lump sum payout in case of your demise.

Flexible premium payments

Choose a payment mode that suits you with single, annual, half-yearly, quarterly, or monthly mode of payment.

Why Should NRI purchase Tata AIA Shubh Rakshak?

As an NRI, your utmost priority even while living abroad will be securing the financial future of your loved ones. Tata AIA Shubh Rakshak offers an ideal financial protection by providing comprehensive life cover along with wellness benefits.

Whole Life Cover

Tata AIA Shubh Rakshak offers whole Life insurance coverage till 100 years of age¹, giving you peace of mind wherever you go.

Convenient Health and OPD Benefits

With this plan you can avail wellness benefits worth ₹64,100/year² for two lives including parents.

Flexible Payment Terms

Choose a premium payment term that suits your lifestyle with multiple options ranging from single to monthly payments.

Return of Premium

Get your premium amount³ paid back if you outlive the policy term, offering a unique combination of life insurance protection and an investment benefit.

OPD and Wellness Benefits with Tata AIA Subh Rakshak

The Tata AIA Shubh Rakshak plan includes health and OPD benefits that promote preventive care and convenience in everyday healthcare.

Benefit	Description	Total Perceived Value (₹)
Vaccination Wallet	For every prescribed vaccination, ₹500 credited to wallet, 4 transactions allowed	₹2,000
Pharmacy Wallet	For every medicine prescription, ₹250 credited to wallet, 4 transactions allowed	₹1,000
Diagnostic Wallet	For every test prescription, ₹250 credited to wallet, 4 transactions allowed	₹1,000
Spectacles Wallet	For prescribed spectacles, a credit of ₹1,000 will be done in the customer's wallet	₹1,000
Teleconsultations	4 consultations per month (48 per year) x ₹600 (average cost of teleconsultation)	₹28,000
Preventive Health Check-up8	Health check worth ₹2,500 each. Considering for 2 lives, the minimum perceived value is ₹5,000	₹5,000
In-Clinic Doctor Consultation	Includes personalized diet plans, health coach guidance for 3 months, fitness regime, and diagnostic tests	₹10,000
Lifestyle & Condition Management	Average cost for critical illness program ₹40,000 over 30 years. ₹40,000/30 years = ₹1,533/year	₹1,500
Medical Second Opinion (MSO)	Physiotherapy sessions - ₹1,000 per session x 5 visits allowed	₹5,000
Dental Wellness	2 in-person consultations with dentist per year x ₹1,000 each. Under cashless mode, worth may exceed ₹2,000	₹2,000
Women Care	2 in-person consultations with gynaecologist per year x ₹1,000 each. Under cashless mode, worth may exceed ₹2,000	₹2,000
Physiotherapy Teleconsultation	Average teleconsultation cost with physiotherapist considered ₹1,000	₹1,000
Discounts on Diagnostics	10% discount on ₹5,000 total diagnostic expenses	₹500
Discounts on Medicines	2% discount on ₹5,000 total medicine expenses	₹100
Total Wellness Benefits Per Annum		₹64,100

^{Please refer to the brochure for additional information.}

Eligibility criteria

The eligibility criteria to opt for Tata AIA Subh Rakshak plan include the following.

Parameter	Minimum	Maximum
Entry age	18 years	65 years
Maturity age		100 years
Policy term	13 years	82 years
Premium payment term	13 years	82 years
Sum assured	25 lakhs	No limit

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FAQs on Tata AIA Subh Rakshak Term Insurance for NRIs

What is the Tata AIA Life Shubh Rakshak Plan?

The Tata AIA Life Shubh Rakshak Plan is a term insurance plan designed to offer financial protection to your family in case of your unfortunate demise during the policy term. It helps ensure your loved ones can manage their financial responsibilities even in your absence.
Who can buy the Tata AIA Shubh Rakshak Plan?

Any Indian resident aged between 18 to 60 years can apply for the plan, subject to the insurer’s underwriting guidelines.
What are the key benefits of this plan?

The plan provides life cover at affordable premiums, along with optional riders⁷for accidental death or critical illness benefits. It also offers flexible premium payment options and tax benefits under prevailing laws.
Is the premium amount fixed throughout the policy term?

Yes, once you choose your coverage and payment mode, the premium generally remains fixed for the entire policy term, ensuring predictability in financial planning.
Can I add riders to Shubh Rakshak?

Yes. Tata AIA offers several rider⁷ options such as accidental death benefit, critical illness, and waiver of premium. These can be added at a nominal cost to strengthen your protection.
What happens if I stop paying my premiums?

If you fail to pay your premiums within the grace period, your policy may lapse and the life cover will cease. You can, however, revive the policy within the revival period as per the insurer’s terms.
Are there any tax benefits available?

Yes, premiums paid, and benefits received under this plan may qualify for tax⁵deductions and exemptions as per applicable income tax laws.
How do I make a claim under the Tata AIA Shubh Rakshak Plan?

You can file a claim online through the Tata AIA Life website or visit the nearest branch. The insurer requires basic documents such as the policy details, death certificate, and claimant’s ID proof for quick claim settlement.

Disclaimer
- Shubh Rakshak is a combination of Tata AIA Sampoorna Raksha Promise (Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product) UIN:110N176V09 and Tata AIA Health Buddy (Non-Participating, Non-Linked Individual Health Product) UIN: 110N183V01. Tata AIA Sampoorna Raksha Promise and Tata AIA Health Buddy are also available for sale individually without the combination offered/ suggest.
- This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer to the detailed sales brochure of respective individual products mentioned herein before concluding the sale
- ¹Not applicable under PoS, please refer sales brochure for more information.
- ²Health Buddy Enhance is part of the wellness offerings of TATA AIA Health Buddy. It is the customer’s sole discretion to avail the services. A waiting period of 30 days from the date of issue of the policy is applicable to avail these services. All medical-related services will be directly provided by the Service Providers and not by Tata AIA Life Insurance. These services shall be subject to the availability of the Service Provider. Tata AIA Life Insurance shall not be liable for any liability arising due to customer opting to avail this feature from the Service Providers.
- For more details on the benefits covered, please refer to the website, contact our Insurance Advisor/Intermediary, or visit our nearest Branch Office. Under OPD Benefit of Tata AIA Health Buddy (Health Buddy Enhance), you may cover 2 adults, including yourself, your family and nominees.
- ³Under Life Promise Plus Option, an amount equal to the 100% of the Total Premiums Paid (including 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.
- ⁴As per the duly approved product design and terms & conditions of the product, this product offers first year discount of 8.5% for Limited Pay/Regular Pay and 1% for Single Pay to salaried customers & digital discount of 1% for Single Pay, 10% for Limited Pay/Regular Pay
- ⁵No Goods and Service Tax shall be applicable on Individual life insurance products as per prevailing laws. Tax laws are subject to amendments from time to time. 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.
- ⁶Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of ₹50 Lakh. Applicable for branch walk in. Time limit to submit claim to Tata AIA Life Insurance is 2 pm on working days. Subject to submission of complete documents. Not applicable for ULIP policies and open title claims.
- ⁷Rider 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.
- 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), Tata AIA Vitality Health (A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V03) are available under this plan.
- ⁸Health checkup includes Thyroid Profile, HbA1C, BSL, Cholesterol, BMI, Vit B12, Vit D, CBC (For Woman Additional Test for Anaemia, PCOS, PAP Smear) Except for Preventive Health checkup, all other benefits are on shared basis.
- ⁹Health Buddy is part of the wellness offerings of TATA AIA Health Buddy. It is the customer’s sole discretion to avail the services. All medical-related services will be directly provided by the Service Providers and not by Tata AIA Life Insurance. These services shall be subject to the availability of the Service Provider. Tata AIA Life Insurance shall not be liable for any liability arising due to customer opting to avail this feature from the Service Providers. For more details on the benefits covered, please refer to the website, contact our Insurance Advisor/Intermediary, or visit our nearest Branch Office.
- ¹⁰With this feature, instant death benefit of INR 3 Lakh 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 sum assured 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. Applicable only for policies with minimum Sum Assured of INR 1 Cr.
- 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.
- This product is underwritten by Tata AIA Life Insurance Company Ltd.
- Insurance cover is available under this product.
- In case of non-standard lives, extra premiums will be charged as per our underwriting guidelines.
- This plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.
- L&C/Advt/2025/Nov/4303