What is Tata AIA Term Plan?

The company’s values revolve around consumer obsession, passion for excellence and people as a core. Keeping these things in mind, there is no doubt that Tata AIA Life provides the best of simple life and health insurance solutions.

Tata Term Plan

A term plan is a type of life insurance scheme which provides cover only for a particular time period. There are five protection plans offered by Tata AIA Life. Read more to find out.

Tata AIA Life Insurance Sampoorna Raksha

This Tata term plan is a non-linked non-participating term assurance 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 the next 10 years, while also enjoying the flexibility to enhance your life cover..

Benefits and Features

• You can select from four death benefit options - ‘Enhanced / Sum Assured on Death’ as lump sum benefit on death and ‘Enhanced / Sum Assured on Death’ as a lump sum benefit on death and monthly income for next 10 years.
• There are lower premium rates for women and non-smokers.
• Additional rider options.
• Entitled to tax benefits u/s 80C and 10(10D).
• Two options for paying premium term - Regular and Limited (5 or 10 years)
• The basic sum assured is ₹50,00,000 with a premium payment mode of Annual/ Half-yearly/ Quarterly/ Monthly.
• The minimum age of entry is 18 years, while the maximum age of entry for regular pay limited pay 5 year is 70 years and for limited pay 10 years is 65 years.
• The minimum age at maturity is 28 years while maximum is 80 years.

Eligibility Criteria

Tata AIA Life Insurance Sampoorna Raksha+

This Tata term plan is a non-linked non-participating term assurance plan with return of premiums on the date of maturity.

Benefits and Features

• You can select two death benefit options - ‘Sum Assured on Death’ as lump sum benefit on death and ‘Sum Assured on Death’ as a lump sum benefit on death and monthly income for next 10 years.
• Large Sum Assured discount for Higher Coverage
• There are lower premium rates for women and non-smokers.
• Additional rider options.
• Entitled to tax benefits u/s 80C and 10(10D).
• The policy term entitles life cover up to 30 years or up to 80 years of age
• The basic sum assured is ₹50,00,000 with a premium payment mode of Annual/ Half-yearly/ Quarterly/ Monthly.

• The minimum age of entry is 18 years, while the maximum age of entry for regular pay limited pay 5 year is 70 years and for limited pay 10 years is 65 years.

• The minimum age at maturity is 28 years, while maximum is 80 years.

Eligibility Criteria

Tata AIA Life Insurance iRaksha Trop

This Tata term plan is an online term insurance plan with return of premiums. This plan comes with a feature of Total Premiums Paid at the end of the policy term.

Benefits and Features

• Protection in the form of life insurance cover.
• You are entitled to a Return of Premium as Total Premiums Paid in case of survival till maturity.
• The minimum age of entry is 18 years, while maximum is 65 years.
• The maximum age at maturity is 65 years.
• Entitled to tax benefits u/s 80C and 10(10D).
• Lower premium rates for women.
• Preferential Premium Rates for non-smokers.
• The basic sum assured is ₹50,00,000.
• Premium payment in options of limited, single and regular.
• Frequency of premium payment is annual and semi-annual.

Eligibility Criteria

Tata AIA Life Insurance iRaksha Supreme

This Tata term plan is a non-linked non participating online term insurance plan which can be availed completely through the online process.

Benefits and Features

• Protection in the form of life insurance cover for your family in case of your sudden demise.
• Regular Premium Payment - Option to pay premium till the end of policy term.
• Limited Premium Payment - Option to pay premium for a limited period 5-10 years for a longer cover.
• Single Premium Payment - Option to pay premium all at once for coverage.
• Entitled to tax benefits u/s 80C and 10(10D).
• Lower premium rates for women.
• Preferential Premium Rates for non-smokers.
• Additional rate benefits for customers with a sum assured of ₹75 lakhs and above.
• The minimum age of entry is 18 years while maximum is 70 years.
• Frequency of premium payment is annual and semi-annual.
• The minimum sum assured is ₹50,00,000.

Eligibility Criteria

Tata AIA Life Insurance Maha Raksha Supreme

This Tata term plan is a non-linked non participating plan which comes with a Pure Protection Cover.

Features and Benefits

• Pure Protection Cover as a form of life insurance cover where you have an option to enhance your protection cover in the future.
• Life Stage Plus Option - Option to increase the life cover at a particular future milestone.
• Inbuilt Payout Benefit Accelerator - This benefit advances 50% of basic sum assured in the event of a terminal illness diagnosis.
• The minimum age of entry is 18 years while maximum is 70 years.
• The maximum age at maturity is 80 years.
• The min sum assured is ₹50,00,000 with a policy term of 10 - 40 years.
• The mode of premium payment is Regular/Single pay in options of Annual/SemiAnnual/Quarterly/Monthly.
• Discounted premium rates for women and non-smokers.

Eligibility Criteria

What is the Nature of Tata AIA Term Plan?

There often comes a time when you, as the bread winner of the family, will come across a thought about your spouse and family - ‘What will happen if I am not there?”. The very purpose of countering such a happenstance is to provide complete protection to your family. Not only do we not want any sort of financial drain to affect our family, but we also want a secured future for our children, so that they can live peacefully without having to worry about our debts and loans. In order to sustain such an environment, it is necessary to maintain an income post demise. Hence, the very nature of Tata AIA Term Plan is to help you develop such a countermeasure more or less as a complete and lifelong solution, so that your family never has to worry ever again.