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Overview

Tata AIA Life Insurance Sampoorna Raksha Overview

A Non-linked Non-participating Term Assurance Plan

Choice… is a great option, when you receive the best of both worlds!

We all want to ensure that our loved ones are never short in terms of financial resources to live the life of their dreams. While we cannot foresee our future, we can definitely make plans to ensure that the dreams of our loved ones are never compromised, thereby providing a strong 'foundation' of financial security for them.

Presenting Tata AIA Life Insurance Sampoorna Raksha Plan, a pure term insurance plan that provides financial protection to your family and offers you the flexibility to choose the plan that suits your need. You may opt to receive either a Lump Sum benefit on Death or Lump Sum benefit on Death and Monthly Income for next 10 years while also enjoying the flexibility to enhance your life cover.

Features

Tata AIA Life Insurance Sampoorna Raksha Features

  • Flexibility to choose from 4 Death Benefit options:
    • Option 1 - “Sum Assured on Death” as Lump Sum benefit on Death
    • Option 2 - “Sum Assured on Death” as Lump Sum benefit on Death & Monthly Income for next 10 years
    • Option 3 – “Enhanced Sum Assured on Death” as Lump Sum benefit on Death
    • Option 4 – “Enhanced Sum Assured on Death” as Lump Sum benefit on Death & Monthly Income for next 10 years
  • Life Cover for Policy Term up to 40 years or 80 years of age
  • Choice of Regular or Limited (5 or 10 Years) Premium Paying Term
  • Lower premiums rates for Non-Smokers and Female lives
  • Enhance your protection with Optional Rider
  • Large Sum Assured discount for Higher Coverage
  • Receive tax benefits u/s 80C and 10(10D), as per the applicable Income Tax laws

Eligibility

Tata AIA Life Insurance Sampoorna Raksha Eligibility

Plan Parameters Minimum Maximum
Age at Entry (years)1 18 For Regular Pay& Limited Pay 5 year: 70
For Limited Pay 10: 65
Age at Maturity (years)1 28 80
Death Benefit Option2
  • Sum Assured on Death” payable on Death
  • Sum Assured on Death” payable on Death & Monthly Income thereafter for 10 years
  • Enhanced Sum Assured on Death” payable on Death
  • Enhanced Sum Assured on Death” payable on Death & Monthly Income thereafter for 10 years
Premium Payment Term (PPT) /
Policy Term (PT) (years)
Premium Paying Term (PPT) Policy Term
Regular Pay 10 to 40

 

Limited Pay 5 years 10 to 40
Limited Pay 10 years 15 to 40
Basic Sum Assured
(Sum Assured in multiple of  1,00,000)
Rs. 50,00,000
Premium (Rs.) Based on Basic Sum Assured
Premium Payment Mode Annual/ Half-yearly/ Quarterly/ Monthly

1All reference to age is as on last birthday.

2The Death benefit option can be selected only at inception of the Policy

Disclaimer

  • Insurance cover is available under this product
  • This product is underwritten by Tata AIA Life Insurance Company Ltd. This plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.
  • Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premium and exclusions under the Rider(s), please refer to the rider brochure or contact Tata AIA Life's insurance advisor/branch. Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider (UIN:110B028V01)
  • All Premiums are subject to applicable taxes, cesses & levies which will entirely be borne by the Policyholder and will always be paid by the Policyholder along with the payment of Premium. 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. Alternatively, Tata AIA Life Insurance Company Limited has the right to deduct the amount from the benefits payable by Us under the Policy.
  • 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 the all the Premiums Paid.
  • In case of Sub Standard lives, extra premiums will be charged as per our underwriting guidelines
  • Tax benefits and liabilities under the Policy are subject to prevailing tax laws. Tax laws and the benefits arising thereunder are subject to change. The Policyholder is advised to seek an opinion of tax advisor in relation to the tax benefits and liabilities applicable
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale

UIN: 110N129V02L&C/Advt/2017/Jun/175

For any information including cancellation, claims and complaints, please contact our Insurance Advisor or visit Tata AIA Life’s nearest branch office or call 1-860-266-9966 (local charges apply) or write to us at customercare@tataaia.com.

INDUSIND Bank Limited (CA0001) is the Corporate Agent of Tata AIA Life Insurance Company Limited and does not underwrite the risk or act as an Insurer. INDUSIND Bank Limited, 2401, Gen. Thimmayya Rd., (Cantonment), Pune - 411001. Participation by the Bank’s clients in the Insurance Products is purely on a voluntary basis. The contract of insurance is between Tata AIA Life and the Insured and not between the Bank and the Insured.

Beware of Spurious Phone calls and Fictitious/Fraudulent offers:

IRDA of India clarifies to public that

  • IRDA of India or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDA of India does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

 

Tata AIA Life Insurance Company Ltd. (IRDA of India Regn. No.110)
CIN No. U66010MH2000PLC128403
Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg,
Lower Parel, Mumbai – 400013

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  • SAVINGS RATES

  • Daily balance upto Rs.10 Lakhs 4 %
  • Daily balance above Rs.10 Lakhs and upto Rs.1 Crore 5 %
  • Daily balance above Rs.1 Crore and upto Rs 10 Cr 5.5 %
  • Daily balance above Rs.10 Crore 6 %
  • DEPOSIT RATES

  • 1 year to 1 year 2 months 6.85 %
  • Indus Tax Saver Scheme - 5 years (upto Rs 1.5 lacs) 6.5 %
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