Tata AIA Life launches term plan Maha Raksha Supreme

Private insurer Tata AIA Life Insurance (Tata AIA Life) today launched Maha Raksha Supreme, a term plan that offers enhanced protection for one's family and ensures their future.

"With enhanced protection elements Maha Raksha Supreme, the future of one's family will be completely secured. This comprehensive term plan offers the choice of increasing the protection cover for future milestone events like marriage or birth of a child, without going through fresh medical underwriting," Tata AIA Life Chief Agency Officer Sachin Joglekar said in a release.

Further, he said, the feature, Life Stage Plus Option, is a unique way of enhancing the value of one's insurance cover over time.

Another key feature of this plan is an inbuilt 'payout accelerator benefit', that pays 50 per cent of the chosen Basic Sum Assured in case the insured is found to be terminally ill and, unfortunately not expected to survive for a period greater than six months.

The death benefit is payable on the unfortunate event of death within policy term.

Maha Raksha Supreme comes with a minimum Sum Assured of Rs 50 lakh and the choice of any term between 10 to 40 years.

The plan offers special rates for women and non-smokers. There is also a High Cover Discount for policies with Sum Assured equal to or more than Rs 1 crore.

Customers also have the option of choosing the premium payment term (Single Premium or Regular premiums), based on their convenience.

Tata AIA Life is a joint venture company formed by Tata Sons and AIA Group, is an independent publicly listed pan-Asian life insurance group.

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.

EDITORIAL OF THE DAY

  • Bureaucrats have enjoyed flying miles at taxpayer expense for too long

    The beleaguered Indian taxpayer will certainly applaud prime minister Narendra Modi’s attempt to deliver on his promise of cutting down fiscal defic

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

Chander Mohan Sethi

CMD, Reckitt Benckiser India

COLUMNIST

Varun Dutt

<b>Riskfactor</b>: CHAIN REACTION

A domino effect is the cumulative effect produced when one ...

Zehra Naqvi

Rememberance and forgetting are crucial

Memories are so vital to our lives that they can ...

Dharmendra Khandal

Sandalwood may get extinct if not protected

When we talk of sandalwood, the most common usage that ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture