Tata AIA Sampoorna Raksha Supreme Plan Term Insurance Riders
Claim Settlement Ratio | 98.02% |
Customer Care | 10:00 AM to 7:00 PM |
Death Benefit Paid For | 2,954 Policies |
Inception | 2000 |
Presence | 216 branches |
Total Death Benefit Paid | 222.47 Crore |
Tata AIA Sampoorna Raksha Supreme Riders
Below mentioned are the types of riders available under Tata AIA Sampoorna Raksha Supreme plan:
- Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider: Under this rider financial protection provided from the uncertainties of life such as accidental death, disability or critical illness. The nominee can choose to receive the rider benefit amount as lump sum, income for a fixed period of time, income till the survival of the spouse or as waiver of future payable premiums.
- Tata AIA Life Insurance Non-Linked Comprehensive Health Rider: This rider provides financial protection against various situations such as illnesses, disability, hospitalization, and major or minor critical illnesses such as cancer and cardiac arrests. Under this rider nominee can choose to receive the rider benefit amount as lump sum, income for a fixed period of time, income till the survival of the spouse or as waiver of future payable premiums.
Key Inclusions and Exclusions of the Plan
What's Included
- Untimely demise of the life assured
- Terminal illness
- Accidental Death/Disability
What's Not Included
- Tata AIA Sampoorna Raksha Supreme plan does not cover death due to suicide. In case of the demise of life assured by commiting suicide within first 12 months from the date of policy issuance, the nominee shall receive 80% of the total premium paid till the date of life assured’s demise.
FAQs on Sampoorna Raksha Supreme Plan Health Insurance Plan
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Why should I purchase the Tata AIA Sampoorna Raksha Supreme plan?
Tata AIA Sampoorna Raksha Supreme plan has 4 plan variants that one can choose from according to their requirement and budget. This plan provides whole life coverage for upto the age of 100 years.
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Is policy loan available under Tata AIA Sampoorna Raksha Supreme plan?
No, policy loan is not available under Tata AIA Sampoorna Raksha Supreme plan.
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What is the ‘Payor Accelerator Benefit’ under the Tata AIA Sampoorna Raksha Supreme plan?
Under payor accelerator benefit a lump sum amount equal to 50% of the sum assured (Under Life/Life Plus option) and 50% of the effective sum assured as on the demise of life assured (Life Income/Credit Protect option) is provided on confirmed diagnosis of a critical illness.
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What are the tax benefits available under Tata AIA Sampoorna Raksha Supreme plan?
Premium paid for Tata AIA Sampoorna Raksha Supreme plan are eligible for tax exemption under Section 80c and 10(10D) of the Income Tax Act, 1961.