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A Review Of Tata AIA Life Smart Sampoorna Raksha Plan

“When you come to buy life insurance from policy bazaar, you get a variety of plans available. I chose my Tata AIA life insurance, after gaining advice from the experts here. So grateful to the team. Thank you policy bazaar team.” – Nijasure, Faridabad

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Nijasure, who lives in Faridabad, made a smart choice by buying the term plan from TATA AIA Life Insurance to ensure the well-being of his loved ones in unforeseen events. Among all term plans of TATA AIA Life Insurance, the TATA AIA Smart Sampoorna Raksha Plan provides comprehensive protection as well as wealth creation opportunities, so that the policyholder can ensure financial security of his/her family while saving for the future.

Let’s understand the various features and benefits of TATA AIA Smart Sampoorna Raksha Plan.

Note: Know more about what is term insurance first before reading this article.

Why Should You Consider Buying TATA AIA Life Insurance?

TATA AIA Life Insurance is known for its flexible plans that can be customized to match the life goals of policyholders.

Below are some reasons why you can consider buying the TATA AIA Life Insurance:

  • This term life insurance plan provides a comprehensive life cover that ensures financial security for you and your loved ones in unexpected situations like critical illnesses, disability, or loss of life.

  • This life insurance plan provides maturity benefits in case you outlive your policy term.

  • You will also enjoy surrender benefits and zero lapse value.

  • If the policyholder passes away within the first 90 days from the start of the coverage, all the premiums paid will be given back, and the policy will end immediately.

one crore term plan
plus

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 16/day+

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day+

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day+

Which Is The Best TATA AIA Life Insurance Plan ?

The TATA AIA Smart Sampoorna Raksha plan is a comprehensive term insurance plan designed to meet long-term objectives, including higher education, retirement planning, and wealth creation. It combines protection and savings to safeguard your life goals with an appropriate life cover.

What Are The Key Benefits Of TATA AIA Smart Sampoorna Raksha Plan?

Below listed are the key benefits of the TATA AIA Smart Sampoorna Raksha plan:

  • Provides a death benefit to safeguard your life goals if you pass away during the policy term.

  • This plan offers both unit-linked and non-participating options.

  • Choose from 11 funds based on your risk preference, spanning fixed income to equity-oriented.

  • Enjoy refunds of twice the mortality charges starting in the 11th year and premium allocation charges in the 10th, 11th, and 12th years.

  • Flexible premium payment options of 5, 10, or 12 years.

  • Eligible for tax benefits as per Income Tax Laws.

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What is the Eligibility Criteria to Buy the TATA AIA Smart Sampoorna Raksha Plan?

The eligibility criteria for buying the TATA AIA Smart Sampoorna Raksha Plan is mentioned below:

Parameters  Minimum Maximum
Entry Age  18 years 60 years
Maturity Age  100 years
Policy Term  5 years 47 years
Sum Assured  10 times of Annualised Premium

Wrapping It Up!

Nijasure made a good choice by purchasing the TATA AIA Smart Sampoorna Raksha Plan. It will help him protect his loved ones from future financial burden as well as save corpus for a secured future. Together with this plan, he has also received different options for the death benefit and coverage for his whole life (till 100 years of age), which makes him and his family ready for bigger risks in the future.

Note: Check out the best term insurance plan in India and choose one that suits your requirements.

FAQs

  • Q: Can I buy a policy from TATA AIA Life Insurance from Policybazaar?

    Ans: Yes, you can easily buy the TATA AIA Life Insurance from the Life Insurance page of Policybazaar and get extra discounts and assistance.
  • Q: Can the coverage of the TATA AIA Smart Sampoorna Raksha Plan last for the entire life?

    Ans: Yes, in the TATA AIA Smart Sampoorna Raksha Plan, there is an option for coverage until the policyholder reaches 100 years of age.
  • Q: What is the maximum sum assured of the TATA AIA Smart Sampoorna Raksha Plan?

    Ans: The maximum sum assured of the TATA AIA Smart Sampoorna Raksha Plan is 10 times of Annualised Premium.
  • Q: What is the minimum entry age for the TATA AIA Life Insurance?

    Ans: The minimum entry age for the TATA AIA Life Insurance is 18 years.
  • How to calculate the term insurance premium online?

    Ans: You can easily calculate the term insurance premium online by using the term insurance calculator online tool
  • What are the benefits of term life insurance?

    Ans: Here are 4 common term insurance benefits:
    • Low premium rates
    • Tax Benefits
    • Death Benefit
    • Long term coverage


Premium By Age

˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com  in the first 6 months of FY 24-25.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited

We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881

For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale

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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.

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