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FOR EXISTING POLICY
Have query on premium, payout or any servicing need?
Call us:
FOR NEW POLICY
Want to buy a new policy online?
FOR NEW POLICY
Want to buy a new policy online?
FOR NEW POLICY (NRIs)
Term insurance secures the family’s financial future in the absence of primary breadwinner. Pure term plans provide life cover at low premiums Read more but do not provide maturity benefits. Those looking for added value can opt for Term Insurance with Return of Premium (TROP) which provides coverage and refunds the total premiums if the policyholder survives the term. This offers security and peace of mind. Read less
Term insurance secures the family’s financial future in the absence of primary breadwinner. Read more Pure term plans provide life cover at low premiums but do not provide maturity benefits. Those looking for added value can opt for Term Insurance with Return of Premium (TROP) which provides coverage and refunds the total premiums if the policyholder survives the term. This offers security and peace of mind. Read less
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Get Life Cover of ₹1 Crore by paying a premium of
₹7,085/month (for 30 years)
₹8,287
Save ₹1,202 with discounts
Our sales representative will connect with you soon to assist further
Discounts
10% discount on 1st year premium is applicable on online purchase. This discount is auto-applied and can’t be removed
8.5% discount on 1st year premium is applicable for salaried personnel. You will need to share your corporate email ID if you opt for this discount. This discount is auto-applied if you select ‘Salaried’ as your occupation and can’t be removed
1% discount on 1st year premium for all payments paid through any permissible electronic mode debited through an auto-debit mandate. Maximum discount capping: ₹100 over the year.
2% discount on 1st year premium on these milestones
Event | Eligibility |
---|---|
Wedding (1 wedding only) | Within 6 months before or after the date of wedding |
Birth/ Adoption of 1st child* | Within 6 months before or after the birth/ adoption date |
Home loan | Within 6 months of loan getting sanctioned |
First job | Within 6 months of joining date |
*Policy issuance eligibility for female customers will be determined by Board Approved Underwriting Policy (BAUP)
The above milestones cannot be clubbed to avail more discount, Such discount shall be capped to a maximum of ₹500 over the year.
Applicable only if the policy is bought digitally. You will get the higher of online or employee discount, not both.
This discount is auto-applied and valid till 31st October 2025
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Minimum annual income should be ₹5 Lakh
Tata AIA Life Insurance Sampoorna Raksha Promise (A Non-Linked Non-Participating, Pure Risk, Individual Life Insurance Plan) • UIN: 110N176V08
The premiums paid towards a term insurance policy primarily offer only life cover to your family without any maturity benefits. However, in the case of a Term Insurance with Return of Premium (TROP), the total premiums paid during the policy tenure are refunded to you as a maturity benefit if you survive the term. This lump sum amount may be used based on your financial needs, such as building a retirement corpus, investing, or meeting other life goals.
If the policyholder passes away during the policy term, the plan still provides the death benefit to the nominee. They can receive it either as a one-time payout or regular income, depending on the option selected while purchasing the policy.
Term insurance with maturity benefit, also called TROP, offers life cover along with the return of total premiums paid if the policyholder survives the policy term. Below are its key features:
This type of plan offers both protection and financial return, supporting long-term security.
When you purchase term insurance with maturity benefits, the benefit is available in the form of the return of premiums. The total premiums paid on the policy are paid out when the policy matures and if the policyholder survives the policy term.
Term plans that offer returns on maturity may have higher premiums than a traditional pure term plan. However, this is often considered helpful since the amount offered on policy maturity must be significant enough for you and your family. Moreover, for reasonable premiums, you can compare various policies and choose a suitable one.
A term plan with a maturity benefit comes with the following advantages:
Term plans with maturity benefits can be suitable for different policyholders, depending on their individual goals and financial responsibilities. Since the maturity benefit is paid out as a lump sum to the policyholder at the end of the policy term, here are some categories of individuals who may consider opting for a term policy with maturity benefits:
Newly Married Couples
Newly Married Couples
Young Parents
Young Parents
Self-employed Persons
Self-employed Persons
Homemakers
Homemakers
To select the best term insurance plan with maturity benefits, you must assess your financial obligations, your family’s future needs, and key policy features.
A term plan with maturity benefits may provide comprehensive coverage throughout the policy term. Consider the evolving needs of your family, such as children’s education, healthcare requirements, and routine expenses at various life stages. Choose a plan that aligns with these goals and offers adequate protection.
Your term insurance plan should account for any existing loans or liabilities to ensure your family is not financially burdened in your absence. Assess the sum assured carefully and opt for a policy that offers sufficient coverage to clear debts and maintain financial stability.
While term insurance plans are cost-effective, policies with maturity benefits involve higher premiums due to the added payout. Use premium calculators to determine the amount you may comfortably pay and choose a policy that fits your budget.
Ensure the policy offers flexibility in premium payment modes. You may select Single Pay, Regular Pay, or Limited Pay options, with frequencies such as monthly, quarterly, half-yearly, or annually based on your income cycle and convenience.
Due to the flexibility of term plans, evaluate multiple policies and their features to find the one that best suits your needs. Look for included benefits like critical illness cover, or consider policies that extend coverage up to whole life for added security.
An insurer’s claim settlement ratio reflects their commitment to supporting policyholders’ families during difficult times. Prefer insurers with a consistently high claim settlement ratio, ensuring timely disbursal of the death benefit.
Term insurance is primarily designed to offer financial protection to the family in case of your death. Some people hesitate due to the absence of maturity benefits. However, it’s vital to understand the core purpose of term plans – providing high life cover at an affordable premium.
A pure term plan allows you to secure a substantial sum assured for a relatively low cost. This ensures that in your absence, your family has enough financial support to cover living expenses, repay loans, and meet future goals such as children's education or marriage.
Moreover, Term Insurance with Return of Premium (TROP) plans are available. They return the premiums paid if you survive the policy term. So, choosing suitable term plans can ensure peace of mind and also maturity benefits.
Our experts are happy to help you!
Does a term insurance plan offer maturity benefits?
No, a pure term insurance plan does not offer maturity benefits. However, a term plan with a return of premiums returns the premiums paid if the policyholder survives the policy term.
What happens when a term insurance policy matures?
When a pure term plan matures, it ends without any payout. However, a return of premium term plan refunds the total premiums paid as a maturity benefit to the policyholder.
Is there a way to get money back in term insurance after maturity?
Yes, to receive a payout on maturity, you may choose a term plan with return of premium. It refunds all premiums paid during the policy’s premium payment term to the policyholder.
What is the difference between a pure term insurance plan and a term plan with maturity benefits?
A pure term plan offers only death benefits. In contrast, a term plan with maturity benefits pays either death or maturity benefits, provided all premiums are paid and the policy remains active.
Are the term insurance maturity benefits taxable?
Maturity benefits from a term insurance plan with return of premium are tax-free under Section 10(10D) of the Income Tax Act if the specified conditions are met.
Which type of term insurance is considered suitable?
A suitable term insurance depends on your needs. You can choose a pure term plan that provides life cover, ensuring your family’s financial security. You can opt for a return of premium plan to avail maturity benefit upon surviving the policy term.
What is the difference between maturity value and sum assured in term insurance?
The sum assured is the amount nominees receive as a death benefit. Whereas maturity value is the total premium amount returned to policyholders upon surviving the policy term if they opted for the return of premium.
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