Tata AIA Sampoorna Raksha Plus
Tata AIA Term Plan Sampoorna Raksha Plus is a non-participating, non-linked, individual life insurance plan that takes care of all your family’s requirements. This plan protects you from the unpredictability of life and also provides you a return of premiums paid upon survival till the maturity of the plan.
Key Benefits of Tata AIA Sampoorna Raksha Plus Plan
-
Flexibility to select between 2 death benefit options:
-
Return of premiums paid in case of survival till the policy maturity
-
Life coverage for a policy tenure of up to 40 years or up to 100 years
-
Lower premium charges for female lives and non-smoker
-
Flexibility in choosing regular or limited premium payment tenure
-
Discounts on the large sum assured for higher term coverage
-
Increase your protection with riders
-
Tax benefits under sections 80C and 10(10D) as per the Income Tax Act
Note: Know what is term insurance first and then buy a term plan for your loved ones.
Tata AIA Term Plan Sampoorna Raksha Plus Premium Calculator
A Tata AIA Term Plan Sampoorna Raksha Plus Premium Calculator is a freely accessible online tool that helps compute the premium amount that you are required to pay for the desired insurance coverage and plan benefits. This term insurance calculator considers different factors such as gender, age, debts, marital status, current income, number of dependents, and health conditions to help you select a term plan that ideally fits your requirements and life objectives.
How to Use Tata AIA Term Plan Sampoorna Raksha Plus Premium Calculator?
The step-by-step guide for using the Tata AIA Term Plan Sampoorna Raksha Plus Premium Calculator are as follows:
Step 1: Visit the official website of Tata AIA Life Insurance
Step 2: You can see the term plans offered by the insurer on the homepage under the ‘menu’ tab
Step 3: Click on ‘Plans’ and you can see a list of plans in the drop-down menu
Step 4: Select the Tata AIA Term Plan Sampoorna Raksha Plan
Step 5: Then, click on ‘Premium Calculator’
Step 6: Enter personal details such as policy type, gender, age, premium payment mode, sum assured amount, etc.
Step 7: After this, you can compute the premium amount for your chosen age and sum assured.
Step 8: Proceed to pay, if the plan is suitable
Benefits of using Tata AIA Term Plan Sampoorna Raksha Plus Premium Calculator
Following are the key benefits of using Tata AIA Term Plan Sampoorna Raksha Plus Premium Calculator:
-
Accurate Premium
The Tata AIA Term Plus Sampoorna Raksha Plus Premium Calculator helps in estimating the accurate premium rates that should be required to pay for the Tata AIA Term plan.
-
Free Comparison
This term insurance premium calculator helps in comparing the different insurance plans through which one can make the right choice of purchasing a term plan without any inconvenience.
-
Saves time
These calculators are very easy and simple and can be accessed online. The policyholder is only required to fill in the basic details for instant premium calculation.
-
Choose the right cover
Tata AIA Term Plan Sampoorna Raksha Plus Premium Calculator gives you an estimate of the right cover amount that helps cover your loans, liabilities, mortgages, and your family’s financial requirements and the premium payable amount under the insurance plan. The choice of coverage amount depends on several parameters such as current liabilities, annual income, number of dependents, marital status, and various other parameters.
-
Instant Results
This calculator offers accurate and quick responses which is unlikely in case of manual computation.
Factor Affecting Term Insurance Premium Rates
Following are some of the parameters that affect the term insurance premium rates:
-
Age: Term insurance premium increases with the policyholder’s age
-
Health condition: In case you are diagnosed or suffering from certain illnesses, it might increase the premium rates as compared to a healthy individual.
-
Gender: As per the research, the average life expectancy of women is higher than that of men. This means that women can avail themselves of lower premiums than men of the same age.
-
Smoking Habits: Smokers are required to pay a higher premium amount than non-smokers because smokers are most likely to develop some diseases/ailments such as heart diseases and lung cancer.
-
Chosen Sum Assured Amount: The sum assured amount you choose is directly proportional to the premium amount which means the higher the sum assured amount, the higher will be the term insurance premium.
-
Premium Payment Term: The shorter the premium payment term you choose, the higher will be the term insurance premium rate
Wrapping It Up!
A Tata AIA Term Plan Sampoorna Raksha Plus Premium Calculator is a financial online tool that helps calculate the premium amount that you have to pay for your Sampoorna Raksha Plan. It is free of cost and easy to use tool that gives you a well-structured and conclusive idea of the premium. Also, it helps in estimating the sum assured that you and your dear ones may require for financial support.
Note: Check out the best term insurance plan in India and choose one that suits your requirements.