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Benefits of Tata AIA Smart Sampoorna Raksha
Select a few or more funds from a range of investment fund options between Equity, Debt or Balanced funds as per your investment strategy and risk profile to meet your investment goals.
Secure your family’s financial future for an extended policy term by protecting them with whole life coverage of up to 100 years of age.
Avail of a maximum of 4 partial withdrawals from your funds each year to meet any of your financial needs after the 5-year lock-in period.
Receive twice the premium allocation charges in the 10th, 11th, 12th and 13th policy year and mortality charges from the 11th year onwards.
Choose a mode – annual, half-yearly, quarterly, or monthly and the Limited/Regular pay to pay your premiums conveniently as per convenience
Get Income tax* benefits as per applicable income tax laws.
Eligibility Criteria
Minimum/Maximum Entry Age |
18 years | 60 years |
Minimum/Maximum Maturity Age |
48 years | 100 years |
Policy Term |
30 to 40 years |
Premium Paying Term |
Limited Pay – 5 /10/ 12 years Regular Pay (equal to Policy Term) |
Premium Payment Frequency |
Annual, Half-yearly, Quarterly and Monthly |
Minimum Premium |
Limited Pay 5 years: ₹60,000 Others: ₹18,000 Top-up Premium: ₹5,000 per Top-up |
Minimum/Maximum Basic Sum Assured |
10 times of Annualised Premium | No limit, subject to underwriting |
All reference to age as on last birthday
Step 1 - Select a Suitable Sum Assured
Pick a sum assured for your life insurance policy that is adequate enough to take care of your family's financial needs in the future.
Step 2 - Choose the Policy Term and Premium Payment Term
Pay affordable premiums towards your investment and life insurance by choosing a convenient and flexible policy term and premium paying term.
Step 3 - Pick Your Investment Funds
Select one or more suitable funds from the range of fund options available or opt for the Enhanced SMART portfolio strategy.
Step 4 - Complete the Online Purchase
Pay your premium online on our official website through any of the digital payment channels available to experience a secure and hassle-free checkout.
Do I need to purchase separate life insurance with my ULIP?
No, you do not need to purchase a separate policy for life insurance coverage if you have a Unit-Linked Insurance Plan. This policy comes with the dual benefit of market linked$ investment and life cover, which enables you to avail of market-linked wealth creation opportunities and also protect your family’s future.
What is partial withdrawal in a Unit-Linked Insurance Plan?
ULIPs come with a lock-in period of 5 years, after which you are allowed to make partial withdrawals from the funds accumulated in your investment. This means while you cannot access all the money in your investments in one go, you can debit a certain amount from the fund a few times per policy year. These partial withdrawals are free of cost up to a certain number of withdrawals.
Is it possible to surrender your Unit-Linked Insurance Plan?
Yes, you can surrender your Unit-Linked Insurance Plan before the end of the policy term if you really need to do so. However, you end up losing on a lot of benefits such as life insurance coverage which will secure your family from unforeseen circumstances and long-term investment benefit.
How many partial withdrawals are allowed under the Tata AIA Smart Sampoorna Raksha?
You are allowed to make up to 4 partial withdrawals for each policy year after 5 policy years from the date of the policy issuance. It is important that your policy is still in force if you want to make partial withdrawals. These yearly withdrawals do not carry any charges.
How can I receive my maturity benefits from the Tata AIA Smart Sampoorna Raksha?
You can choose to receive your maturity benefit from the policy either as a lump sum or in the form of instalments during a 5-year settlement period that starts on the policy maturity date. The first instalment will be paid out on the maturity date, while the remaining will be paid out on a yearly, half-yearly, quarterly, or monthly basis, as per your preference.
How is the Net Asset Value calculated?
The Net Asset Value (NAV) of your funds will be calculated as:
Market value of the investment in the fund + value of current assets - (value of existing liabilities, if any)
Simply multiply all the units in your fund with the current NAV that is published on the official Tata AIA Life Insurance website to know the value of your investments.
What is premium redirection?
Premium redirection is a feature that allows you to allocate upcoming premiums to a different investment or set of funds. It does not carry an additional charge; however, do note that you cannot avail of the premium redirection facility if you have selected the Enhanced SMART portfolio strategy.
What is the policy term I can choose under this Unit-Linked Insurance Plan?
You can choose a policy term of between 30 – 40 years under the Tata AIA Smart Sampoorna Raksha, as per your preference of life cover.
What is the premium paying term under the Tata AIA Smart Sampoorna Raksha?
The premium paying terms under this policy are as below:
What is the maturity benefit to be received from this Unit-Linked Insurance Plan?
If you survive the policy term and the policy has not been surrendered, you will be eligible for a maturity benefit that comprises the total fund value of your investments in the policy as well as the top-up premium fund. The total investment will be valued per the applicable Net Asset Value (NAV) on the date of policy maturity as given on the Tata AIA Life Insurance official website.
Do I need to file a claim while making partial withdrawals from my funds?
No, there is no need to file a claim to make partial withdrawals from your ULIP fund. However, you can always reach out to our customer care team to understand the withdrawal process.
How do I file a claim with Tata AIA Life Insurance?
To file a claim with us, reach out to us via 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
What are the documents needed to file a claim under this ULIP?
Please click here to know the list of documents needed for the claim intimation and settlement process.
What can be done if a nominee passes away before the insured?
In case the nominee passes away before the insured’s death within the policy term, the insured can appoint another nominee who will manage the death benefit once received. The pre-appointed nominee in either case should be related to the family or preferably, someone in the immediate family.
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