Tata Sampoorna Raksha Term Plan 60% Flat Discount – A Secret No One Talks About!

Tata AIA Sampoorna Raksha Promise is a term insurance product of Tata AIA Life Insurance. It assists clients from different backgrounds in protecting their loved ones at low prices. The policy provides cover for a long duration until the age of 100. It also enables you to leave the money to your child in case the policyholder survives, under the Family Plan option.

Key Features: Tata AIA Sampoorna Raksha Term Plan

We have listed all key features of TATA AIA term Insurance plan below:

• Select the most appropriate plan choice from 4 plan choices
• Decision to buy whole life insurance
• 50% base sum assured is paid as an accelerated benefit on diagnosis of a terminal illness
• The policy contains a provision where the premium is waived if one is diagnosed with a terminal disease.
• You have the option to place your spouse in the same plan.
• You can get the payment in installments or in full.
• You are allowed to postpone premium payments up to 12 months under the FlexiPay benefits.
• The scheme provides for immediate settlement on intimation of claim
• Female customers can get premiums that are up to 15% lower.
• Add more riders to strengthen the base cover.
• Choose to pass on the legacy amount assured to your child with the Family Plan option of the plan.

Eligibility Criteria for Tata AIA Sampoorna Raksha Term Plan

Here is the all conditions or edibility criteria before applying for this TATA AIA life insurance plan :

Benefits of Tata AIA Sampoorna Raksha Term Plan

Following are the advantages you gain by investing in the Tata AIA Sampoorna Raksha Term Plan:

Death Benefits

The beneficiary of the policy will get the maximum from the following alternatives:

• 1.25 times Single Premium (discounted) or DB multiple1 times Annualised Premium2 (discounted)
• 105% of the entire premium paid (excluding payment plan fees and discount) up to the date of death or
• guaranteed amount to be paid upon death.

Maturity Benefits

This type of life insurance pays an amount equal to 100% of the paid premiums will be paid to the policyholder on the policy maturity

Flexible Payout Option

The payout benefit can be paid by the policyholder either in a lump sum or in the form of regular payments made monthly, quarterly, half-yearly, or annually.

Extra Benefits of Tata AIA Sampoorna Raksha Term Plan

Cover Enhancement Options

Life Stage

With this option, the policyholder is given the flexibility to enhance the sum assured according to the evolving and dynamic needs at various stages of life. You can enhance the sum assured by 50% at marriage, 25% at the birth/adoption of the 1st child and 2nd child, and 100% at disbursal of home loan.

Top-up Sum Assured

With the top-up sum assured facility, the policyholder may increase the sum assured of the policy by a pre-determined percentage between 5% and 20% of the base sum assured at any policy anniversary for an additional premium. The facility can be exercised only if the premium payment terms are at least 5 years.

Renewability Upon Maturity

This plan allows you to increase the policy term at the time of maturity of the policy. You can avail this facility up to 5 times by paying additional premiums for the increased term. The additional premiums will be paid as follows:

• Attained age at the time of maturity
• The chosen increase in policy term

Cover Continuation Option

In joint life policies, when one of the two individuals who are insured dies, the surviving spouse can opt to retain the policy as a single premium policy. The premium then will be computed on the surviving spouse’s age.

Accidental Death Benefit

This advantage is provided only on Joint life policies. If both the people who are insured die together in an accident, the nominee would get the death benefit and the Base sum assured.

Flexi Pay Benefits

In this facility, the premium payments may be postponed by 12 months from the premium due date without losing the policy. The facility is free of cost, and in case the claim is reported within this period, the premiums due will be deducted from the death benefit.

Premium Payment Modes

You can pay the premium in a single payment, annually, monthly, three months, or six months. You can even use the Tata AIA term insurance premium calculator to get the premiums that you are eligible for.

Instant Payout on Claim Intimations

If the life insured dies subsequent to the lapse of 3 years waiting time (after acquiring or renewing the policy) but within policy duration

Family Plan Option

Term insurance doesn’t pay you anything if you live. But the family plan option allows you to leave the assured amount to your child if you live, provided the policy is in force.

Loyalty Program

Through this scheme, the firm offers redemption benefits and an umbrella of providers of services.

Riders Available under Tata AIA Sampoorna Raksha Term Plan

The following riders are available to purchase with the Tata AIA Sampoorna Raksha Promise plan:

• Tata AIA Life Insurance Non-Linked Complete Protection Plan
• Tata AIA Life Insurance Non-Linked Comprehensive Health Rider
• Tata AIA Vitality Protect
• Tata AIA Vitality Health

* These riders can be added at the time of purchasing the policy or at the policy anniversary.

Exclusions in Tata AIA Sampoorna Raksha Promise

Death due to Suicide within the 12 months of Policy Purchase

• The nominee will be eligible to get 80% on total premium paid till the death of the policyholder.
• In the Family Plan option, once the payment of the suicide claim is made, no further money will be provided, and the policy will lapse.

How to avail FLAT 60% discount on Tata AIA Term Insurance Plan from InsureInns?

Here is how you can buy or renew your TATA AIA Sampoorna Raksha Promise Term Plan.
Step 1: Visit the term insurance page of InsureInns.
How to avail FLAT 60% discount on Tata AIA Term Insurance Plan from InsureInns?

Here is how you can buy or renew your TATA AIA Sampoorna Raksha Promise Term Plan.

Step 1: Visit the term insurance page of InsureInns.
Step 2: Fill in the required details like customer number, name and more.
Step 3: Submit the button and We will reach you via email. Fill in the required details like customer number, name and more.
Step 4: Submit the button and We will reach you via email.

I don’t know how long this will work, but right now, you can use this method to slash your premiums.

Want this secret tip? Just drop your details in the above form, and I’ll personally send it to you!

What’s lacking in Tata AIA Term Insurance Plan?

No Zero Cost Option

There are some insurance companies that will reimburse your entire premiums if you cancel your policy before maturity, within a period to be determined by the insurer. This way, you receive your entire premiums and are also covered by the term plan for the period. Sampoorna Raksha Promise does not provide this benefit.

No means of increasing your cover with inflation

Certain policies automatically increase your coverage by some amount (generally for inflation) so that you are always covered. Unfortunately, the Sampoorna Raksha Promise lacks this provision.

What’s good about Tata AIA Sampoorna Raksha Plan?

• Good Critical Illness Benefit
• Delayed Payouts
• Payout on top only
• Short waiting period
• Accidental Death Benefit Available (Add-on)
• Premiums waived after permanent disability (due to accident) or critical illnesses
• Payouts in the event of total permanent disability

Conclusion

Tata AIA Sampoorna Raksha Promise is a flexi life insurance plan. You have 4 options to select from based on what is best for you. This is one of the features of Tata AIA that gives your family complete coverage and financial protection.