The Maha Raksha Supreme Plan from Tata AIA Life Insurance is designed to make you and your loved ones feel secure, and help you provide them with the financial security and protection they may need in your absence.
This is a non-linked, non-participating term Insurance plan. With this plan you can enhance your coverage with additional riders, female applicants get additional benefits and much more.
The Tata AIA Term plan comes with a number of attractive features including:
Example
Mr. Raj is a 40 year old male, and he decides to take up this policy. He chooses a policy for a term of 10 years and sum assured of Rs. 5,00,000. He makes an annual payment of Rs. 21,000 and after making 5 premium payments, Mr. Raj dies tragically. His nominee will receive either 10 times of the annual premiums paid, or the basic sum assured or, 105% of all premiums paid til his death. Once the amount is paid, the policy will terminate.
GST of 18% is applicable on life insurance effective from the 1st of July, 2017
The policy terms offered with this plan are minimum 10 years to maximum 40 years.
Yes, in case the policyholder commits suicide within 12 months of the policy start, the nominee will be total premiums paid.
No, the plan does not offer any surrender value.
No, there is no maturity benefit under this plan.
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