About Tata AIA Sampoorna Raksha Supreme Plan Term Insurance
Tata AIA Sampoorna Raksha Supreme Overview plan provides financial protection to the family of the life assured in case of an unfortunate demise of the life assured any time during the policy term. This plan has 4 plan options namely Life Option, Life Plus Option, Life Income and Credit Protect Option. Tata AIA Sampoorna Raksha Supreme plan provides an option of whole life coverage that is, life cover upto 100 years of age. Under this plan the life assured can increase the coverage amount at important stages of life under the life stage option of the plan.
Tata AIA Sampoorna Raksha Supreme plan helps the life assured to ensure financial stability of his/her family members even when the life assured is not around. This plan helps the life assured to ensure that his/her family members are never short of financial resources to maintain a healthy lifestyle and pursue their dreams in even the absence of the life assured.
Key Inclusions and Exclusions of the Plan
- Untimely demise of the life assured
- Terminal illness
- Accidental Death/Disability
What's Not Included
- Tata AIA Sampoorna Raksha Supreme plan does not cover death due to suicide. In case of the demise of life assured by commiting suicide within first 12 months from the date of policy issuance, the nominee shall receive 80% of the total premium paid till the date of life assured’s demise.
Sampoorna Raksha Supreme Plan User Reviews
Claim Process at Tata AIA Term Insurance
Claim IntimationIn the case of death of the life assured, a claim intimation to the insurance company must be made as early as possible.
Submission of DocumentsClaim form, death certificate, original policy document, and more documents must be submitted to ensure smooth claim settlement.
Claim EvaluationOnce the documents are submitted, the insurance company will conduct thorough evaluation of the claim filed.
Claim SettlementIf claim request is approved, claim settlement is done within 30 days. If additional investigation is required, it make take 6 months.
FAQs on Sampoorna Raksha Supreme Plan Health Insurance Plan
Is medical second opinion available under Tata AIA Sampoorna Raksha Supreme plan?
Yes medical second opinion option available under Tata AIA Sampoorna Raksha Supreme plan wherein the life assured can choose to opt for second medical opinion for the diagnosed illness or treatment of the illness.
Why should I purchase the Tata AIA Sampoorna Raksha Supreme plan?
Tata AIA Sampoorna Raksha Supreme plan has 4 plan variants that one can choose from according to their requirement and budget. This plan provides whole life coverage for upto the age of 100 years.
Is policy loan available under Tata AIA Sampoorna Raksha Supreme plan?
No, policy loan is not available under Tata AIA Sampoorna Raksha Supreme plan.
What is the ‘Payor Accelerator Benefit’ under the Tata AIA Sampoorna Raksha Supreme plan?
Under payor accelerator benefit a lump sum amount equal to 50% of the sum assured (Under Life/Life Plus option) and 50% of the effective sum assured as on the demise of life assured (Life Income/Credit Protect option) is provided on confirmed diagnosis of a critical illness.
What are the tax benefits available under Tata AIA Sampoorna Raksha Supreme plan?
Premium paid for Tata AIA Sampoorna Raksha Supreme plan are eligible for tax exemption under Section 80c and 10(10D) of the Income Tax Act, 1961.