• Tata AIA iRaksha Supreme Online Term Plan

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    Plan Benefits

    Payment Options

    Policy Coverage

    Customer Service

    With the Tata AIA iRaksha Supreme, you get a pure online term plan that ensures your peace of mind at an attractive and affordable price. Put all your fears to rest with this pure protection plan at an affordable price, for them to fulfill their needs, dreams with financial stability you would’ve given them, when you were there. You can now, buy this plan at your convenience of time, location and without any issues and hassles - online. The eligibility for this online plan is an individuals needs to be between the age of 18-70 years, with a minimum of Rs. 50, 00, 000 as a sum assured, there isn’t a limit for the maximum subject to underwriting in multiples of Rs. 1, 00, 000 and the term of this plan can be from 10 - 40 years.

    The key features and benefits of Tata AIA iRaksha Supreme Online Term Plan

    • This plan is a Life protection plan and provides financial protection against the unfortunate demise of the insured.
    • You can choose from 3 different premium payments to suit your requirements, they are: Regular Pay, Limited Pay, and Single Pay.
    • Under the Regular Pay - the individual pays a premium until the end of the policy term end. Limited Pay - under this type of payment the individual pays a premium for a specified/limited period of time of 5 years or 10 years and remain covered for a longer period of time. Single Pay - this premium payment is an option to make a payment at once for the entire term of the policy.
    • Individual who lead a healthier lifestyle get preferential premium rates for non-smokers.
    • Female applicant enjoy lower rate of premium
    • All applicants enjoy tax benefits under sections 80C and 10(10D) of the Income-Tax Act, 1961

    Complete Features And Benefits Of iRaksha Supreme Online Term Plan

    Entry age

    18 years to 70 years

    Plan validity/term

    • Minimum 10 years

    • Maximum 40 years

    Renewability

    Lapsed policies can be reinstated within 2 years of the date on which they lapsed

    Sum assured

    • Minimum: Rs. 50 lakhs

    • Maximum: No limit

    Premiums

    • Minimum annual premium: Approximately Rs. 3,876

    • Maximum annual premium: depends on the sum assured

    • Non-smokers get to pay lower premiums

    • Women also get to pay lower premiums

    • Discounts on premiums may also be offered to those opting for a higher sum assured; Rs. 75 lakhs and above

    • Premiums are calculated based on age, sum assured, the premium paying term and lifestyle

    Premium payment frequency/mode

    • The premium can be paid annually or semi-annually

    • The premium can be a single pay premium, i.e. paid in one lump sum

    • The regular pay premium will be paid throughout the term of the policy

    • Premiums can also be paid for a limited period of 5 or 10 years

    • The grace period for paying the premiums is 30 days from the due date

    Coverage

    • The death benefit paid out at the end of the policy term is the highest of the sum assured, 10 X annual premium and 105% of the premiums paid

    • The sum assured will always be in multiples of Rs. 1 lakh

    • If the premium is not paid within the grace period then the policy will lapse in case of a regular pay policy

    • if the policy is a 5 year limited pay policy and the premium has been paid for 3 years, then, if further premiums are not paid, the policy will be considered paid up for a sum assured based on the 3 premiums paid

    • If the policy is a 10 year limited pay policy then, upon non-payment of premiums after 7 years, the policy will be considered paid up and continue with reduced sum assured

    • The sum assured cannot be increased or decreased once the policy is active

    Riders / Add-on covers

    Accidental Death and Dismemberment Long Scale Rider

    • The minimum sum assured is Rs. 50,000

    • The minimum sum may also be the minimum sum assured of the parent plan

    • The max sum assured depends on the sum assured under the parent plan

    • Premiums are paid with the premium for parent policy

    • The premium is paid for the same duration as the premium of the parent policy

    Surrender period/value

    • Regular pay policies have no surrender value

    • 5 year limited pay policies will pay a surrender benefit provided the premium is paid for 3 years

    • 10 year limited pay policies will also have a surrender value if the premium is paid for 7 years

    • Single pay policies can be surrendered at any time

    Freelook period

    • 30 days from the day you receive the policy document

    • Upon return of the policy the premium paid will be refunded

    • Cost of stamp duty and cost of cover for the days the policy was active may be deducted

    An example – How Tata AIA iRaksha Supreme Online Term Plan Work?

    Mr. Rohan Dhawan is a 38 year old healthy male, who does not smoke. He buys Tata AIA Life Insurance iRaksha Supreme for a Sum Assured of Rs. 100,00,000 for a Policy Term of 40 years with Regular Pay. His annualized premium works out to be Rs. 10,000

    In case of Mr. Dhawan's unfortunate death anytime during the policy term, provided the policy is in force, his nominee will be paid Rs. 100,00,000 as the death benefit.

    Tata AIA iRaksha Supreme Online Term Plan – FAQs

    1. Q. What is the minimum and maximum Sum Assured under Tata AIA iRaksha Supreme?
    2. The minimum sum assured is Rs. 50, 00, 000 and the maximum is no limit.

    3. Q. Is a medical examination required when I buy life insurance? If yes, is the cost borne by the company?
    4. A person buying the policy for over Rs. 5,00, 000 has to get a medical examination done, this amount differs from company to company. Most cases the insurance company bears the cost of this medical examination.

    5. Q. What is the minimum and maximum entry age under Tata AIA iRaksha Supreme?
    6. The minimum entry age is 18 years, while the maximum is 70 years.

    7. Q. Do I need life insurance if I am not the sole breadwinner of my family?
    8. If you are not the sole earning member or don’t contribute to your family's source of income, you don’t need a life insurance coverage.

    Other TATA AIA Online Term Plans

  • Tata AIA Life Insurance iRaksha TROP
  • GST of 18% is applicable on life insurance effective from the 1st of July, 2017

    iRaksha Supreme Online Term Plan Reviews

  • Page 1 of 7 1 2 3 4 5
    • Tata AIA Life Insurance
      "Good Policy"
      0.5 4.0/5 "Great!"
      I hold a term insurance with TATA AIA from last 3 years and it is one of the good policy to use. I am happy with the coverage and returns of this insurance policy. I pay a premium of Rs 30000 on yearly basis and the payment options are convenient for me.
      Was this review helpful? 0
      , lucknow
      Reviewed on May 23, 2018
    • Tata AIA Life Insurance
      "Better policy to use"
      0.5 5.0/5 "Blown Away!"
      I use the life insurance policy from TATA AIA LIFE INSURANCE around a year ago. The customer support service is good with the TATA AIA. This policy has the tenure of 5years . I pay the premium amount of Rs,52,400 to this policy every year once. The plan benefits and the policy coverage is good with the TATA AIA LIFE INSURANCE company.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Apr 19, 2018
    • Tata AIA Life Insurance
      "Quick follow up"
      0.5 3.0/5 "Satisfactory"
      I applied for the term insurance through bank bazaar just to experience and they were not disappointed. Though my application process was struck in between I immediately got a call from the customer care executive for the follow up snd assist. Though I did not have plans to buy the insurance I had to . But the customer care executive was kind enough to explain in detail and bare with me. Thank you.
      Was this review helpful? 0
      , bangalore
      Reviewed on Apr 04, 2018
    • Tata AIA Life Insurance
      "Good"
      0.5 4.0/5 "Great!"
      I am using the TATA AIA service for last 7 years. I have taken a pension plan from TATA AIA LIFE INSURANCE. I never faced any problems till now so there is no need to interact the customer support. The policy coverage and plan benefits are average.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Mar 07, 2018
    • Tata AIA Life Insurance
      "Good Investment"
      0.5 5.0/5 "Blown Away!"
      I took this Insurance some 2 years back and the experience with it has been pretty good. I have been paying Rs.25000 as premium in this Insurance. I would be getting a Money back for every 2 years. The overall experience with it has been pretty good.
      Was this review helpful? 0
      , mumbai
      Reviewed on Feb 16, 2018
    • Tata AIA Life Insurance
      "Reliable one"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the TATA AIA life insurance company, They are very straight forward and the service is good. Whatever they have committed was very reasonable one with the TATA AIA life insurance company.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Feb 06, 2018
    • Tata AIA Life Insurance
      "Good"
      0.5 5.0/5 "Blown Away!"
      It is a retirement policy and taken before 7 years. I have chosen TATA AIA because the benefits are good. The customer service and response was up to the mark. After maturity period, I will get good return and which is guaranteed. The tenure period is 35 years.
      Was this review helpful? 0
      , thane
      Reviewed on Jan 25, 2018
    • Tata AIA Life Insurance
      "Great service provider"
      0.5 4.0/5 "Great!"
      I am having the life insurance policy with the TATA AIA life insurance company . I had been with them from the last ten years of time. So far, I have not faced any issues with them till now. Customer service and the response is better one with them till now.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 19, 2018
    • Tata AIA Life Insurance
      "Good Insurance"
      0.5 4.0/5 "Great!"
      The experience with Tata AIA has been pretty good. I have been paying Rs.33000 yearly and the total plan is for 24 years. I only need to make payment for first 12 years, from the 13th year they will be paying me Rs.50000 on yearly basis. This is one of the better Insurance available.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 20, 2017
    • Tata AIA Life Insurance
      "Good One"
      0.5 5.0/5 "Blown Away!"
      it has been a good experience over all with TATA for my life insurance . The Tenure for the life insurance i took is of 15 years i have to pay premium . Yearly i pay for the emi of the insurance . I got a Full cover Only for me .the customer service was good from the TATA side for the insurance .
      Was this review helpful? 0
      , nagpur
      Reviewed on Dec 20, 2017
    • Tata AIA Life Insurance
      "Good "
      0.5 5.0/5 "Blown Away!"
      I do have life insurance policy with the TATA AIA life insurance company and am holding it from the last three years of time. I would like to say that the plan benefits are good one with the TATA AIA life insurance company.
      Was this review helpful? 0
      , chennai
      Reviewed on Dec 09, 2017
    • Tata AIA Life Insurance
      "Good policy"
      0.5 4.0/5 "Great!"
      I have taken life insurance with Tata Aia before two years. This policy has been taken through online without any inconvenience. I pay premium of 3200 rupees every month through net banking. The customer support was fine. The payment method is convenient.
      Was this review helpful? 0
      , bangalore
      Reviewed on Dec 04, 2017
    • Tata AIA Life Insurance
      "Average service"
      0.5 2.0/5 "Expected more"
      I have life insurance service with tata aig and I have taken one policy for the term period of 15 years and the payments where generally through online for every quarter they never update me regarding new schemes and offers also there is no proper response from tata aig it was a average service from tata aig life insurance service.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Nov 23, 2017
    • Tata AIA Life Insurance
      "Best"
      0.5 4.5/5 "Excellent!"
      I am having the life insurance policy with the Tata AIA life insurance company and the customer service is good too. Customer service is really good one with the TATA AIA life insurance company, also the services are better one.
      Was this review helpful? 0
      , noida
      Reviewed on Nov 23, 2017
    • Tata AIA Life Insurance
      "Excellent"
      0.5 5.0/5 "Blown Away!"
      I have taken a term plan from TATA AIA life insurance. There are other insurance providers where for term plans they would not get the benefits after the matured term. But this plan I would get back my money after the tenure of 30 years. The premium is to be paid only for five years.
      Was this review helpful? 0
      , lucknow
      Reviewed on Nov 09, 2017
    • Tata AIA Life Insurance
      "Good customer services"
      0.5 4.0/5 "Great!"
      I bought TATA AiA policy in 2008 & It was 6 year term for premium payment. I closed this policy in 2015 but I got good amount & customer service was very good. It was Ulip plan. I can recommed others for TATA AIA company products. Their employees are very good.
      Was this review helpful? 0
      , new delhi
      Reviewed on Nov 02, 2017
    • Tata AIA Life Insurance
      "Good for savings"
      0.5 4.0/5 "Great!"
      Nearly I pay Rs.1000 as premium on monthly basis, it has the tenure of 15 years. They provides useful benefits, they will provide the sum assured value of Rs.2 lakhs with accidental coverage, accidental death, life cover. I used to make the payment through ECS.
      Was this review helpful? 0
      , hyderabad
      Reviewed on Oct 26, 2017
    • Tata AIA Life Insurance
      "Good policy to use"
      0.5 3.0/5 "Satisfactory"
      It is good to have a life insurance policy with TATA AIA for past 5years. The customer support is good with this policy. I pay the premium of Rs.18,000 every year. The plan benefits and the coverage is good with this policy. I pay the premium through cash.
      Was this review helpful? 0
      , dharwad
      Reviewed on Oct 26, 2017
    • Tata AIA Life Insurance
      "Good protection for Life"
      0.5 5.0/5 "Blown Away!"
      Last three years back, I have Life insurance with TATA AIA. I am making the premium of Rs. 78,000 on annual basis for the tenure of ten years. After the tenure period I will get getting an amount of Rs.1.30 crores with accidental coverage and tax benefits. I normally make online payment to pay my premium its good.
      Was this review helpful? 0
      , ahmedabad
      Reviewed on Jul 07, 2017
    • Tata AIA Life Insurance
      "Good for small investment"
      0.5 4.0/5 "Great!"
      I do have Tata AIA life insurance company and the coverage is up to 7 lakh Rupees, also am paying around 5000 Rupees. Response and other things are really good one with them and the regular alerts, payment modes are fine one with he Tata AIA life insurance company.
      Was this review helpful? 0
      , guwahati
      Reviewed on Jun 22, 2017
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