Tata AIA Life Insurance iRaksha Supreme
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About TATA AIA Life Insurance iRaksha Supreme plan
The TATA AIA Life Insurance iRaksha Supreme plan is a non-linked, non-participating, pure term insurance plan that provides financial protection to one’s family in the unfortunate event of the policyholder’s death. This policy can be easily purchased online at a very attractive and easily affordable price.
Let’s understand this plan in brief before getting into its details:
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Modes of Payment |
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Claim Settlement Ratio of the Insurer |
98% |
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USPs of the Policy |
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Policyholder age at entry: 30 years Policy term: 25 years Premium-payment term: 25 years (Regular Pay) Premium to be paid: Rs 6,300 (yearly mode)
On the unfortunate death of the policyholder during the policy term, the death benefit will be paid to the beneficiary. |
Death Benefits
In case of the unfortunate event of the death of the policyholder during the policy term, the highest of the following death benefits will be paid to the beneficiary:
- Sum assured
- 10 times the annualised premium
- 105% of the total premiums paid
Note that if the policyholder survives through the policy term, then NO maturity benefits will be provided. Also, the plan does not offer optional riders.
COMPARE & BUY SIMILAR PLANS
Why Should I Buy This Plan?
Besides the benefits mentioned earlier, here are some other features of the Tata AIA Life Insurance iRaksha Supreme plan:
- Tax Benefits: Tax benefits can be availed under Section 80(C) and Section 10(10D) of the Income Tax Act, 1961.
- Sum Assured Rebate: For higher sum assured, the plan offers rebates (discounts) on the premiums paid.
- Preferential Premium Rates: A benefit to reward a healthier lifestyle by offering special rates for non-smokers. Additionally, preferential rates are also offered to female lives.
Who Should Buy This Plan?
The eligibility criteria to purchase this plan is 18 to 70 years. The TATA AIA Life Insurance iRaksha Supreme plan proves to be an ideal plan because it accommodates your requirements for a comfortable today by asking for limited premiums, helps you fulfil your responsibilities, and helps even in your absence by offering high protection cover along with additional benefits.
Company Overview
TATA AIA Life Insurance Company Limited is a joint venture between TATA Sons Ltd. and AIA Group Ltd. The company combines TATA's pre-eminent leadership position in India and AIA's presence as the largest, independent listed Pan-Asian life insurance group in the world spanning 17 markets in Asia Pacific.
BENEFITS OF BUYING FROM ONEINSURE
OneInsure is owned by Robinhood Insurance Broker Pvt. Ltd.
Robinhood is known for its user & customer centric approach. We take care of all the phases of insurance, whether you've bought the policy from us or not.
