Tata AIA Life Insurance has introduced the Tata AIA Sampoorna Raksha Promise, a comprehensive term insurance plan designed to provide financial security to families amidst rising living costs. The plan offers life coverage for up to 100 years, flexible premium options, and optional riders such as Terminal Illness with Term Booster, Accidental Death Benefit, and Accidental Total and Permanent Disability.
Women policyholders are eligible for a 15% discount, promoting affordability and financial empowerment. The plan also provides instant claim payouts of up to ₹3 lakh upon claim intimation, giving families immediate financial relief during critical times. A premium waiver guarantees policy continuation without financial burden upon a terminal illness diagnosis.
Policyholders can pause premium payments for a maximum of 12 months with the deferred premium payments option, providing flexibility in times of financial difficulty. The Return of Premium feature ensures that all premiums paid will be reimbursed if there are no claims at policy maturity, allowing policyholders to accumulate wealth through disciplined financial planning.
Tata AIA Sampoorna Raksha Promise is an all-in-one solution that combines life insurance with flexible premiums, optional riders, and the ability to recover premiums at maturity. The plan is designed to meet a wide range of needs for both experienced investors and young professionals planning for the future.
The company has made purchasing policies, settling claims, and paying premiums easier through its user-friendly digital tools. Customers can plan their children’s education, loan repayments, retirement, and other long-term financial goals with flexible premium options, premium refunds, and the ability to secure higher cover at affordable premiums.
Tata AIA Life Insurance Company Limited is a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. The company reported a total Premium Income of INR 31,484 crore for FY25, up 23% from FY24, and ranks among the Top 3 Private Insurers in Individual Weighted New Business Premium.
The Tata group, founded by Jamsetji Tata in 1868, is a global enterprise comprising 30 companies across ten verticals, operating in more than 100 countries across six continents. AIA Group Limited, on the other hand, is the largest independent publicly listed pan-Asian life insurance group, with a presence in 18 markets and total assets of US$305 billion as of 31 December 2024.
Overall, Tata AIA Sampoorna Raksha Promise is a comprehensive term insurance plan that provides financial security and flexibility to families, making it an attractive option for those seeking to protect their loved ones and plan for the future.