Tata AIA Life Insurance: Introducing Sampoorna Raksha Promise. This policy protects your Family with Immediate Payouts and Flexibility.
Most of us prioritize our family. We strive to keep them happy and provide for them, even in our absence. In such cases, term insurance can be a convenient solution.
It fulfills the basic need of providing a financially secure future to the beloved family members in case of the unfortunate death of the income-earning head of the household.
India’s leading insurance company, Tata AIA Life Insurance, has introduced a new term insurance policy called ‘Sampoorna Raksha Promise’ with innovative features and benefits.
Key features of the policy include:
- Immediate payout of Rs. 3 lakhs on receipt of intimation about the claim in case of the death of a key family member.
- Flexibility to defer premium payment for 12 months under the complete protection promise.
- 50% of the sum assured paid to the policyholder if diagnosed with a life-threatening disease like cancer, with future premiums waived.
- Coverage up to 100 years with two plan options: Life Promise and Life Promise Plus.
- Payer Accelerator benefits offer a lump sum payment and waiver of future premium payments in case of a terminal illness claim.
- Life stage benefit: This benefit allows policyholders to increase coverage at various life stages, such as marriage, childbirth/adoption, or taking a home loan.
Additionally, the policy offers discounts such as a 10% digital discount on the first-year premium if the policy is purchased online and a 5% discount on the first-year premium for salaried customers.
Furthermore, there’s a special ‘Milestone Discount’ of 2% on the first year’s premium for reaching certain life milestones and a 15% lower premium for women compared to men.