tata aia life insurance
Tata AIA Maha Raksha Supreme Policy

Tata AIA Maha Raksha Supreme Plan

Tata AIA Life Insurance Maha Raksha Supreme is a Non-Participating, Individual Life Insurance Pure Risk Premium Product that gives you a variety of options to meet the unique financial security needs of your family. It gives you a lot of freedom to choose your preferred method of premium payment as well as policy coverage and life insurance benefits. You can add more riders to this plan to increase your coverage, and female applicants are eligible for additional benefits.

Keep reading to know more about Tata AIA Maha Raksha Supreme,’s eligibility criteria, key features and benefits, exclusions, premium calculation, and more.

Eligibility Criteria

Here is the eligibility criteria for Tata AIA Maha Raksha Supreme Plan.

ParametersDetails
Age

Minimum- 18 Years

For Non-Pos

70 years for Single Pay, Regular Pay, and Limited Pay 4 and 5

65 years for Limited Pay 6 to 45

45 years for Pay to Age 60

For Pos: 59 years for Single Pay, Regular Pay and Limited Pay 5 to 45

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

Maturity Age

For PoS:

Minimum- 23 Years

Maximum- 100 Years

For Non-POS

Minimum- 24 Years

Maximum- 65 Years

Premium payment Modes in Regular/ Limited PayAnnual/Semi Annual/Quarterly/Monthly

Features & Benefits of Tata AIA Maha Raksha Supreme

Listed below are the features and benefits of Tata AIA Maha Raksha Supreme. 

  1. Life Stage Plus Option

During significant life events/milestones like marriage or childbirth, the Life Stage Plus Option, if selected at policy inception, enables you to increase your life cover with an additional sum assured on the same policy.

  1. Tax Advantages

While the benefits payable upon death during the policy term are tax-free under Section 10(10D) of the Income Tax Act, your paid policy premiums are tax# deductible under Section 80C of the Income Tax Act.

  1. Flexible Plan Options

With a variety of flexible life insurance options, you may tailor your policy to meet your needs and budget by selecting the terms, frequencies, and means of premium payment.

  1. Free Look Period

If you buy your policy online, you have 30 days, and if you buy it offline, you have 15 days to review the terms and conditions or cancel the policy. The paid premiums will be returned after cancellation, provided that it complies with business policies.

  1. High Cover Discount

For the Regular Pay / Single Pay plan choice, your plan offers a substantial cover savings. High cover discounts are incorporated into the premium rates for Limited Pay.

  1. Financial Protection

In the tragic event that the life assured during the insurance term passes away, the nominee will get the sum assured.

  1. Inbuilt Accelerator Payout Benefit

If you are diagnosed with a terminal disease, this plan’s built-in Payout Accelerator benefit will pay out 50% of the basic sum assured.

  1. Whole Life Protection

You can obtain comprehensive life insurance up to the age of one hundred by selecting the whole life cover option under this policy. With this life insurance option, your family’s security is guaranteed for the maximum number of policy years.

  1. Special Premium Rates

A healthy way of life deserves to be rewarded, and the business provides discounted rates for non-smokers. Additionally, female lives are given preferential rates. Higher protection options come with discounts that lower the cost of the plan.

What is not Included Under Tata AIA Maha Raksha Supreme?

The nominee or beneficiary of the Policyholder shall be entitled to at least 80% of the total premiums paid up to the date of death or the surrender value available as on the date of death, whichever is higher, provided the Policy is in force, in the event of death by suicide within 12 months from the date of commencement of risk under the Policy or from the date of revival of the Policy, as applicable.

How Does Tata AIA Maha Raksha Supreme Policy Work?

Let’s take the example of Mr. Rakesh who is 30 years old and a non-smoker looking for a plan that can provide him with financial safety. He works in an MNC at an executive level with an annual package of Rs. 5 lakhs. Here is the amount of premium that he needs to give if he wants a coverage.

Life CoverPremium FrequencyCover Upto Age (years)Pay Premium For (years)Limited Premium Pay Term (yearsPremium
Rs. 20000000Annual85Limited12 Years

Rs. 67, 732

including GST

Frequently Asked Questions

This plan offers policy durations ranging from 10 years to a maximum of 40 years.

Yes, the nominee will get the full amount of premiums paid in the event that the policyholder dies by suicide within a year of the policy’s beginning.

No, there is no surrender value available under the plan.

No, this plan does not offer a maturity benefit.

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