Tata AIA - Maha Raksha Supreme
Non-Linked, Non-Participating, Individual Life Insurance, Pure Risk Premium Product
Tata AIA Maha Raksha Supreme is a Pure Term Insurance Plan with Death Benefit only. It is a Traditional Plan without Bonus facility. Tata AIA Life Insurance Maha Raksha Supreme is that solution that provides a wide range of choices to fulfil your family's specific needs of financial protection.
Key Benefits:
- Life Cover up to Age 85 or option for Whole Life coverage (till age 100 years)
- Inbuilt Pay-out Accelerator Benefit that advances 50% of Basic Sum Assured in event of a Terminal Illness diagnosis
- Increase in cover at future milestone events in your life with Life Stage Plus Option, without the hassles of fresh medical underwriting
- Pay only once, for a limited period or throughout the policy term
- Option to enhance protection through rider
- Discount on rates for customers opting for higher level of protection
- Discounted rates for female lives and Standard premium rates for non-smokers
- Tax benefits as per applicable tax laws
Eligibility Criteria:
| # | Plan Options | Parameters |
|---|---|---|
| 1 | Minimum Entry Age | 18 Years |
| 2 | Maximum entry age | 70 years for Single Pay, Regular Pay and Limited Pay 5, 65 years for Limited Pay 10, 12, 45 years for Pay to Age 60 |
| 3 | Maturity Age | Non Whole Life – Minimum 28Years and Maximum 85Years Whole life - Minimum 100 Years and Maximum 100 Years |
| 4 | Basic Sum Assured | Min: Rs 5,000,000 & Max: No Limit Subject to Underwriting, Sum Assured should be in multiples of Rs 5,00,000 |