The Tata AIA Life Insurance Group Total Suraksha Plan is a group life insurance plan offered by Tata AIA Life Insurance Company. The plan can be purchased by non-banking institutions, banks and other lending institutions which offer different types of loans such as personal loan, home loan etc. The Tata AIA Life Insurance Group Total Suraksha Plan is offered to a group of minimum 50 members.
A borrower can get comprehensive life coverage under this plan and protect his/her family members against unforeseen future circumstances. If a borrower dies within the loan tenure, the Tata AIA Life Insurance Group Total Suraksha Plan will pay off the outstanding principal amount. The plan provides financial support your family members even in your absence. The The Tata AIA Life Insurance Group Total Suraksha Plan terminates after providing the death claims.
A minimum of 50 members are required in a group to purchase this plan. The plan is offered to both new and existing borrower of a loan. The other eligibility conditions include:
Minimum entry age | 14 years |
Maximum entry age | 65 years |
The TATA AIA Life Insurance Group Total Suraksha Plan comes with a number of attractive features. Listed below are the major features of the plan:
Maximum coverage | 75 years |
Minimum sum assured | Rs.1000 |
Maximum sum assured | There is no limit. |
Minimum policy term (for individual members) | 2 years |
Maximum policy term (for individual members) | 35 years |
Free look period |
|
Premium paying frequency | Single |
The Tata AIA Life Insurance Group Total Suraksha come with the following benefits:
You can enroll for this policy by fulfilling the enrolment process and paying the required amount of premium. However, any lending institution needs a minimum of 50 members to purchase this policy.
Based on the entry age of the borrowers, single premiums will be calculated. If the borrower opts for a joint cover, premium will be calculated separately for both individuals and amount of discount will be offered to the younger one. In case, the borrower, repay the loan or makes a particular repayment, the policy cover will continue, unless it is surrendered by the policyholder.
The Tata AIA Life Insurance Group Total Suraksha Plan is a single premium policy.
There is no additional riders available under this policy.
The Tata AIA Life Insurance Group Total Suraksha Plan can be your best companion to protect your dear ones, fulfill your dream and secure you future. The group plans offered by Tata AIA Life Insurance Company helps you fight against unforeseen situations in life. Being one of the leading providers of life insurance in India, Tata AIA Life Insurance Company provides both individual as well group life insurance plans to customers.
GST of 18% is applicable on life insurance effective from the 1st of July, 2017
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