Tata AIA Life Insurance has introduced the Tata AIA Sampoorna Raksha Promise, a comprehensive term insurance solution designed to address the evolving protection needs of modern Indian families. This plan offers a range of benefits, including instant claim support, return of premium, inbuilt premium waiver, whole life cover, and multiple other benefits.
The plan provides an immediate payout of ₹3 lakh upon claim intimation to manage urgent expenses for sum assured of ₹1 crore or more. It also offers a return of 100% of the premiums paid back on policy maturity with the Life Promise Plus Option. Additionally, future premiums are waived on diagnosis of a terminal illness, ensuring uninterrupted coverage.
The Tata AIA Sampoorna Raksha Promise offers whole life coverage up to age 100, providing long-term financial security for families across generations. It also includes a 15% lower premium rate for women and digital and salaried discounts on premiums. The plan allows policyholders to increase coverage without fresh medical underwriting on major life events and enables annual increases of 5% to 20% of the base sum assured.
The plan offers flexibility in premium payment through regular pay, limited pay, and single pay options, allowing individuals to structure their term insurance according to their current financial capacity and long-term goals. With a combination of reliable protection, flexible premium options, instant claim payouts, and value-added benefits, the Tata AIA Sampoorna Raksha Promise provides families with the financial security they need to face life’s uncertainties with confidence.
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 ₹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, with a mission to improve the quality of life of the communities it serves globally.
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 $305 billion as of December 31, 2024. The group meets the long-term savings and protection needs of individuals by offering a range of products and services, including life insurance, accident and health insurance, and savings plans.