Tata AIA Maha Raksha Supreme Select is a term life insurance plan designed to provide comprehensive protection and flexibility to policyholders as they navigate various milestones in life. This plan is tailored to adapt to the changing needs of individuals, ensuring that they and their loved ones are financially secure at every stage.
One of the key features of the Tata AIA Maha Raksha Supreme Select is its ability to increase the sum assured at different milestones in life, such as marriage or the birth of a child. This increase can be opted for without requiring additional medical underwriting, making it a convenient and hassle-free process for policyholders. The plan also offers the flexibility to choose from various payout options, including a lump sum, monthly income, or a combination of both, allowing policyholders to customize the plan according to their needs.
In addition to providing a death benefit, the plan also offers optional riders that can be added to enhance the coverage. These riders can provide additional protection against critical illnesses, accidents, or other unforeseen events. The plan also offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, making it a tax-efficient investment option.
The Tata AIA Maha Raksha Supreme Select plan is designed to be affordable, with premiums starting at a low level. The plan also offers a discount on premiums for non-smokers and women, making it an attractive option for these groups. The plan has a minimum sum assured of ₹50 lakhs and a maximum sum assured of ₹5 crores, making it suitable for individuals with varying income levels and financial goals.
Overall, the Tata AIA Maha Raksha Supreme Select is a flexible and comprehensive term life insurance plan that can be tailored to meet the changing needs of individuals as they progress through different milestones in life. With its optional riders, tax benefits, and affordable premiums, this plan is an attractive option for those looking to secure their financial future and protect their loved ones. Whether you are just starting your career, getting married, or having children, this plan can provide the necessary protection and peace of mind to help you achieve your goals.