TATA AIA Maha Raksha Supreme
  • Life Stage Plus Option
  • Payout Accelerator Benefit
  • Non-smoker & Female Discounts
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Tata AIA Maha Raksha Supreme Term Plan

"A Term plan that pays partial sum assured upon diagnosis of any terminal illness"

Term plans usually offer death benefit upon your unfortunate demise. But, what if a terminal illness gets hold of you? That too during the policy term? Now, your priority will shift to getting the best treatment possible rather than paying the premiums of your term plan.

To bring a solution to this, TATA AIA has introduced a term plan which covers you for terminal illnesses. You can avail of 50% of the basic sum assured in case you are diagnosed with any terminal illness during policy term.

In addition to this, if you bought your plan at an early age and now plan to get married, you might feel that the sum assured that you chose would be insufficient for the new chapter of your life. For this, Maha Raksha Supreme offers a Life Stage Plus option that helps you to increase the basic sum assured with upcoming future responsibilities such as marriage and childbirth, without undergoing any medical tests again.

Lets understand the plan in detail.

Tata AIA Maha Raksha Supreme at a Glance

Given below are the key specifications of Tata AIA life insurance Maha Raksha Supreme plan.

Specifications

Parameters

Entry age 18-70 years
Maturity age Max: 80 years
Sum assured Minimum: 50 lacs
Maximum: No upper limit (Subject to underwriting)
Policy term 10- 40 years
Premium paying modes Regular pay/Single pay
Premium paying modes Annual/SemiAnnual/Quarterly/Monthly

Read more specifications in the brochure.

Tata AIA Maha Raksha Supreme: Features

  • Life stage plus option

    The Life Stage Option of the plan is an amazing way to increase you sum assured at the following important milestones of your life:
    • Marriage - (Marriage certificate required)
    • Childbirth - (Birth certificate of the child required)
    • Legal adoption of a child - (Adoption deed required)

    You can opt for this benefit at the inception of the plan, and can avail this 3 times during the policy term. The minimum additional sum assured that you can avail is 10% of the basic sum assured and the maximum limit is 50% of the basic sum assured, not to exceed INR. 50 Lacs.

    It is important to note that if payout accelerator benefit is availed, then this feature cannot be clubbed with it.

  • Special rates for non-smokers and women

    Tata AIA Maharakshak Supreme term plan offers special premium rates for non-smokers and women, upon choosing a higher sum assured amount. Given below are the overview of discount available in your plan:

    Basic sum assured

    Regular pay

    Single pay

    50 Lakh to 1 crore No discount No discount
    1 Crore or above 0.2 per 1000 Basic Sum Assured 0.5 per 1000 Basic Sum Assured
  • Payout Accelerator Benefit

    Under the inbuilt Payout Accelerator Benefit, you can take up to 50% of the basic sum assured in the event of diagnosis of any terminal illness in which the chance of survival is not greater than 6 months. Your death benefit will be reduced by the amount paid under this benefit. The rest of the death benefit will be paid to the nominee at your demise.

    ** Terminal illness refers to an irreversible medical condition when the patient is expected to die in the upcoming six months, which is certified, written, and documented by two registered physicians.

  • Tax Benefit

    Tata AIA Maha Suraksha supreme plan offers a tax rebate of 1.5 lakh under section 80C of the Income Tax Act for the premium paid over the same financial year.

Premium Illustration of Tata Maha Raksha Supreme

Below is the premium illustration for a healthy, non-smoker male.

Age

Basic sum assured

Policy term

Regular pay (Rs)

Single pay (Rs)

35 50 Lacs 30 9,300 1,39,600
35 1 crore 30 16,600 2,74,200
40 50 Lacs 20 11,500 1,27,300
40 1 crore 20 21,000 2,49,600

Below are some benefits of the Tata AIA Maha Raksha Supreme term plan.

  • Death benefit

    Upon the death of the insured during the policy term, Tata AIA Maha Raksha Supreme will provide a death benefit to the nominee among the highest of the following below:

    In case of regular pay:

    • Basic sum assured
    • 10 times of annualized Premium
    • 105% of total premium paid

    In the case of Single pay:

    • Basic sum assured
    • 125% of the total premium paid
  • Surrender benefit

    Tata AIA Maha Raksha Supreme term plan offers the surrender benefit for the single pay option only, while regular pay options customers can't opt for the surrender benefit.

    Calculations of surrender benefits are as follows:

    • Single pay Surrender value=75%*(policy term less policy duration in complete year)/policy term* single premiums.
    • Regular PayNo surrender value is available under the regular pay option.
  • Free look period

    Suppose you are unsatisfied with the terms & conditions associated with Tata AIA Maha Raksha Supreme. In that case, you will get 15 days of free look period if you bought the policy from an offline medium and 30 days if you bought it online.
  • Grace period

    Tata AIA Maha Raksha Supreme term plan offers 15 days for monthly mode and 30 days for all other ways if you miss the premium payment from the due date.

Exclusions of Tata AIA Maha raksha Supreme

  • Suicide(with in 12 month of policy inception).
  • Death due to consumption of any intoxicants.
  • Death due to any adventures sports.
  • Death due to any aviation accident.

Explore Other TATA AIA Term Insurance Plans

Take a look at the below section to understand the different term plans offered by TATA AIA. For your understanding, we have mentioned TATA AIA term plans along with some of their unique features. Scroll below to read.

Comprehensive Plan

The plan offers various life coverage options, including Whole Life coverage up to age 100, and the added benefit of the Credit Protect option.

Unique Features

  • Low premiums for women
  • Life cover up to 100 years
  • 24x7 online medical consultation

Sampoorna Raksha Supreme (Pros)

  • 2 Premium Payout Options
  • 2 Rider Option
  • Top-Up Sum Assured

Sampoorna Raksha Supreme (Cons)

  • No Loans Allowed
  • Only 1% Discount on Installment
  • No Suicide Cover in Terminal Illness

Sampoorna Raksha Supreme (Other Benefits)

  • Non-Forfeiture Benefit
  • Survival and Maturity Benefit
  • Payor Accelerator Benefit advances 50% SA

Sampoorna Raksha Supreme (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 60 years(POS)
  • Minimum Sum Assured - 1 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - LP/RP/SP

Critical Illness Plan

This is a comprehensive plan that provides financial protection by combining life coverage with critical illness, accidental death and more.

Unique Features

  • Lump Sum Benefit
  • Payor Accelerator Benefit
  • Surrender Value Offered

Insta Protect Solution (Pros)

  • Covers Death Due to Accident
  • No Medical Tests
  • Accelerated Terminal Illness

Insta Protect Solution (Cons)

  • No Loans Allowed
  • No Maturity Benefit
  • No Suicide Cover in Terminal Illness

Insta Protect Solution (Other Benefits)

  • Return of Premiums (Optional)
  • Survival and Maturity Benefit
  • Health and Wellness Benefits

Insta Protect Solution (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 45 years
  • Minimum Sum Assured - 25 L
  • Maximum Maturity Age - 75 Yrs
  • Premium Payment Term - LP/RP/SP

Standard plan

Tata AIA Life Insurance Saral Jeevan Bima

This is a simple and affordable plan that protects your family financially. The plan allows you to enhance your protection with the help of optional riders.

Unique Features

  • Flexibility to choose policy term
  • Lower premium rate for females
  • Avail Tax Benefits

Saral Jeevan Bima (Pros)

  • Available for Online Buying
  • Choose to pay Premium Once
  • Max Sum Assured 50L

Saral Jeevan Bima (Cons)

  • No Survival Benefit
  • No Maturity Benefit
  • No Surrender Benefit

Saral Jeevan Bima (Other Benefits)

  • Suicide Cover
  • Spouse Cover
  • Policy Revival Within 5 Years

Saral Jeevan Bima (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 5 L
  • Maximum Maturity Age - NA
  • Premium Payment Term - RP/SP/LP(5&10 Years)

Comprehensive Plan

An all-inclusive plan that comes with mental and physical wellness features, discount on premium, early rewards and high sum assured of 2 crores.

Unique Features

  • Life Coverage With Term Booster
  • Wellness Based Discount
  • Rider Sum Assured Boosters

SRS Vitality Protect (Pros)

  • 10% Guaranteed Discount
  • Wellness Rewards Program
  • Guaranteed 1st Year Discount

SRS Vitality Protect (Cons)

  • No Plan Conversion Option
  • No Maturity Benefit
  • Limited Premium Payment Terms

SRS Vitality Protect (Other Benefits)

  • 75% SA Terminal Illness Coverage
  • Cover Boosters
  • Up To 30% Rider Premium Discount

SRS Vitality Protect (Eligibility Criteria)

  • Entry Age - 18 years
  • Max Entry Age - 65 years
  • Minimum Sum Assured - 50 L
  • Max Maturity Age 100Yrs
  • Premium Payment Term - (5-81 Yrs) LP/RP/SP

Comprehensive Plan

Sampoorna Raksha Supreme Credit Protect

This plan with 3 Income options comes with combined life coverage and terminal illness payout, offering benefits rider benefit and a 105% Death Benefit.

Unique Features

  • Life/Life Plus/Life Income Options
  • 50% of SA on Terminal Illness
  • Female & Non-Smoker Discounts

Sampoorna Raksha Supreme Credit Protect (Pros)

  • Additional Riders
  • High Cover Discount
  • Combines Life Coverage And Terminal Illness Payout

Sampoorna Raksha Supreme Credit Protect (Cons)

  • No Policy Loan is Available
  • No Plan Conversion Option
  • No Maturity Benefit

Sampoorna Raksha Supreme Credit Protect (Other Benefits)

  • Payout Accelerator Benefit
  • Early Mover Advantage
  • Whole Life coverage (till age 100 years)

(Eligibility Criteria)

  • Entry Age - 18 years
  • Minimum Sum Assured - 50 L
  • Max Maturity Age 100Yrs
  • Premium Payment Term - LP/RP/SP
  • Max Entry Age - 65 years (Adaptable)

TATA AIA Life Maha Raksha Supreme: FAQs

1. What is the free look period available in Tata Aia Maha Raksha Supreme?

Tata Aia Maha Raksha Supreme plan offers 15 days of free look period for offline purchases and 30 days for online purchases.

2. What is the minimum age to purchase the Tata aia Maha Suraksha supreme term plan?

The minimum age to purchase the Tata AIA Maha Raksha Supreme is 18.

3. Can I get the total sum assured upon diagnosing any terminal illness?

No, you can only get up to 50% of the sum assured upon diagnosis of any terminal illnesses.

4. What is the minimum sum assured I can opt for under the Tata AIA Maha Raksha supreme term plan?

The minimum sum assured you can opt for under the Tata Aia Maha Raksha Supreme term plan is 50 lakhs.

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Tata AIA Term Insurance Reviews

Read what our customers have to say about Tata AIA term insurance company

Customer Review Image

Kaushalya

Cuttack

March 15, 2024

I need an instant tax receipt for my Tata Aia life insurance premium pay for section 80C. So, I decided to reach out to Policyx.com for the same.

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mohit khanna

Madurai

February 24, 2022

I have a home loan, a 4 year daughter, old mother and wife. I am a salaried person and always worried about future saving for them. TATA gave me a good cheap plan that fulfills my wishes for fu...

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anu

Delhi

February 18, 2022

My husband passed away and I felt stuck but then when i contacted the company they helped me without giving me any issues.

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Vridhi Singh

Pune

October 5, 2021

It is a very good company. Not only it looks after the customers needs but also is always available whenever the customer has any queries

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Kanika Chaudhary

Delhi

September 21, 2021

If you are looking to buy a Term Life insurance policy, go for Tata aia Insurance company. their customer support team is very supportive and very helpful.

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Ravi Dhingra

Lukhnow

September 16, 2021

Happy with the services of the company, Full satisfied. The customer care team helps its customers very patiently and nicely.

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Kunal Sahni

Indore

June 28, 2021

TATA AIA offers a wide range of life insurance products. I have bought two life insurance plans from the company, and I am happy about my decision.

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Vivek Kumar Sahni

Chennai

June 28, 2021

One of the best thing I have bought for my family. I have this assurance that in my absence my family s dreams would be fulfilled without any roadblocks. Thank you TATA AIA for supporting every...

Daina Mathew

Written By: Daina Mathew

Daina is a content writеr with a profound grasp of Insurancе, Stocks, and Businеss domains. Hеr extensive 3-year еxpеriеncе in thе insurancе industry еquips hеr with a nuancеd undеrstanding of its intricaciеs. Hеr skills еxtеnd to crafting blogs, articlеs, social mеdia copiеs, vidеo scripts, and wеbsitе content. Her ability to simplify complex insurancе concepts into reader-friendly content makes her an еxpеrt in the domain.