Tata AIA Term Insurance
TATA AIA Maha Raksha Supreme Select offers you the option to increase ...Read More
A quick read on what this Tata AIA Term Insurance term plan covers and why it might be a fit for you.
Tata AIA Maha Raksha Supreme Select is a pure term insurance plan that protects your family's lifestyle, secures long-term objectives, and repays debts if you are not around. It is a Non-Participating, non-linked, and Individual Life Insurance product that provides you flexibility at every step. Under this plan, you will get 4 death benefit options, 50% acceleration of sum assured and waiver of premiums on terminal illness, and whole life cover. You will also get joint life cover for spouse, discounts for salaried and women, instant claim payout, FlexiPay to defer premiums, and optional riders for wellness and health benefits.
Tata AIA Maha Raksha Supreme Select plan offers various benefits, including:
A quick honest summary — the strengths and the trade-offs.
Eligibility criteria pulled straight from the policy wording.
Let's understand how the Tata AIA Maha Raksha Supreme Select plan works with a simple premium illustration.
Mr Sharma needs a term insurance that offers comprehensive financial protection for his family with several options that suit individual or joint coverage.
He visited policyx.com and analysed the plans, and selected the Tata AIA Maha Raksha Supreme Select plan.
Let us see a brief illustration of the Tata AIA Maha Raksha Supreme Select.
| Age | Annual premiums | Policy tenure | Premium payment term | Sum Assured | Total premiums paid |
| 30 years | Rs. 9300 | 30 years | 30 years | Rs. 50 Lakhs | Rs 2,79,000 |
Key Takeaways: In case of Mr. Sharma's demise during the policy tenure, Rs 1 crore will be paid to their nominee.
You can add the following riders to your Tata AIA Maha Raksha Supreme Select plan:
Provides a lump-sum payout if you are diagnosed with a covered critical illness.
Adds extra life cover or payout in case of death, disability, or terminal illness.
Offers additional protection benefits along with rewards for staying healthy and active.
Provides health-related benefits and rewards based on your fitness and wellness activities.
Key features that make Tata AIA Maha Raksha Supreme Select stand out.
Flexible coverage
Choose from four death benefit options with coverage up to age 100. Increase cover at key life events up to 4 times, and boost it yearly by 5% to 20%.
Claims and payouts
If the sum assured is ₹1 Crore or more, then ₹3 Lakh is paid within 1 working day of claim intimation. Flexible payout options in the form of a lump sum, instalments of up to 30 years or a mix of both.
Flexible Premium payments
Choose from four death benefit options. Get coverage up to age 100. Increase cover at key life events up to 4 times, and boost it yearly by 5% to 20%.
Premiums and other discounts
Get 15% lower premiums for women and extra discounts for select customers. Receive 100% premiums back at age 70 with a 5% annuity boost, plus health services like coaching and consultations.
Here are the key benefits of the Tata AIA Maha Raksha Supreme Select.
Financialprotection
You can go for 1 out of 4 death benefits. Whole life cover is available for very high ages as per the plan rules and regulations. You can choose how to receive your death benefit, either a lump sum, instalments or a mix.
Illness and waiverbenefits
For terminal illness, 50% of the sum assured is paid early. After a valid claim, all future premiums are waived. Also, there is an optional benefit for women, where if the husband dies, future premiums are waived off.
Earlypayout
The policy pays out 50% of the effective sum assured immediately on diagnosis and acceptance of the terminal illness claim.
Maturitybenefits
In Life Secure Plus and Joint Life Secure Plus, 100% of the paid premiums are returned.
Options toincrease coverage
You can increase your cover at key life stages. After marriage, raise it by 50%. After the first and second child, increase it by 25% each. On taking a loan, you can increase it up to 100%. You can also boost your cover every year by 5% to 20% of the base sum assured.
Here is the list of exclusions associated with the plan:
If the suicide occurs within the 12 months of the policy, the nominee will only get around 80 % of the premiums paid or the surrender whichever is higher.
The policy provides an accelerated payout of around 50% of the sum assured if someone is diagnosed with a terminal illness. You won’t receive the benefit if the claim is made before two years of the policy issuance date or if the condition is directly associated with suicide in thefirst year.
It is applicable under joint life options for simultaneous death. It is not payable if death is associated with pre-existing conditions, self-harm or abuse, conflict and war, hazardous activities such as deep sea diving or paragliding, aviation risks, criminal acts, nuclear events, or professional or occupational risks.
The Tata AIA Maha Raksha Supreme Select Plan brings together protection, flexibility, and long-term value in a single policy. With 4 death benefits and flexible payout options, this plan will adapt easily to different financial needs and financial objectives. If you are still hesitant to choose this plan and want to explore more, you can book an appointment with us at PolicyX.com. We offer No Spam, No Gimmicks, and Only Expert Insurance Advice.
The Tata AIA Maha Raksha Supreme Select Plan brings together protection, flexibility, and long-term
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The 5 most-asked questions about Tata AIA Maha Raksha Supreme Select, answered.
PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.
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