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Tata AIA Life Insurance plans

Tata AIA Life Maha Raksha Supreme Term Insurance

We need to ensure that the income for our family is protected. And the best way to do that is through a "Pure Term" Insurance Plan. Tata AIA Life Insurance Maha Raksha Supreme is that solution that provides a wide range of choices to fulfill your family's specific needs of financial protection.

Key Benefits

  • Life Cover up to 85 years of age; or option for Whole Life coverage(till age 100 years)
  • Choice of Single or Regular or Limited (5/10/12 Years or Pay till Age 60) Premium Paying Term
  • Life Stage Plus Option* - Additional Sum Assured on Marriage and Child Birth
  • Inbuilt Payout Accelerator Benefit on Diagnosis of Terminal Illness (advance of 50% Sum Assured is paid)
  • Lower premiums rates for Non Smokers and Female lives
  • Large Sum Assured discount for Higher Coverage
  • Enhance your protection with Optional ADDL Rider
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Tata AIA Life insurance review

Tata AIA Life Insurance plans
Distribution - Number of branches pan India (March 2019)
222
Entry Age Minimum/Maximum (Years) - Term Plans
18/70
Sum Assured Minimum / Maximum - Term Plans
50 lacs / Unlimited
Policy Term Minimum / Maximum (Years) - Terms Plans
10/40
Solvency Ratio (FY 2018-19) *
2.60
Number of Policies Sold (Ind+Group) *
478,182
Number of Lives Covered (Ind+Group) **
927,653
Claims Settlement Ratio (Ind+Group) ***
99.22%
* - As per IRDAI data 2018-19 - The solvency ratio of an insurance company is the size of its capital relative to all the risk it has taken, which is all liabilities subtracted from total assets. In other words, solvency is a measurement of how much the company has in assets versus how much it owes
** - as per L-25 Public Disclosure of Insurance Companies for 2019-20  |  *** - Claims Settlement Ratio = Claims Settled in the year / Claims Reported in the year - as per IRDAI data published

Tata AIA Life Maha Raksha Supreme Term Insurance Overview

  • Key Features
  • Eligibility
  • Life Stage Plus Option

Key Features of Tata AIA Life Maha Raksha Supreme Term Insurance

  • Life Cover up to Age 85 or option for Whole Life coverage (till age 100 years)
  • Inbuilt Payout Accelerator Benefit that advances 50% of Basic Sum Assured in event of a Terminal Illness diagnosis
  • Increase in cover at future milestone events in your life with Life Stage Plus Option, without the hassles of fresh medical underwriting
  • Pay only once, for a limited period or throughout the policy term
  • Option to enhance protection through rider1
  • Discount on rates for customers opting for higher level of protection
  • Discounted rates for female lives and Standard premium rates for non-smokers
  • Tax benefits2 as per applicable tax laws

Eligibility Criteria of Tata AIA Life Maha Raksha Supreme Term Insurance

Plan Parameters Description
Minimum Sum Assured ₹50,00,000(Sum Assured in multiple of `5,00,000)
Premium Payment Mode Annual/ Half-yearly/ Quarterly/ Monthly
Increase / Decrease in Basic SA Not Allowed
Maturity Benefit There is no Maturity Benefit in this plan

Life Stage Plus Option

Life Stage Plus Option is a benefit that gives an option to increase the life cover over and above the life cover chosen at policy inception
  • This Additional Sum Assured is available to life assured in future, only if this option is written/selected in application form
  • It can be exercised in the future subject to occurrence of any of the “lifestyle events” as mentioned below
    • Marriage of the Life Assured (Marriage certificate required)
    • Child Birth (Birth Certificate Required)/Legal adoption (Adoption deed required) - first two children in both cases
  • LSPO is available in single pay and regular pay options only

Brochure

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Policy wordings

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CIN: U66000KA2018PTC117713 | IRDAI Web aggregator License Code Number: IRDAI / INT / WBA /53/ 2018, Valid till 07/08/2025