Sampoorna Raksha Supreme

What is the Plan all About?

If you are the only earning member of your family, you must want to ensure their financial protection, so they can maintain a healthy lifestyle even after your unfortunate death. Tata AIA Life Insurance Sampoorna Raksha is an online term plan that also ensures the return of premium. It is a non-linked non-participating term plan that assures you for the financial protection of your family plus returns the total premiums paid.

What are the Key Features?

Flexibility to choose from 4 Death Benefit options:
1. Lump Sum benefit on Death
2. Lump Sum benefit on Death & Monthly Income for next 10 years
3. Enhanced Sum Assured as Lump Sum benefit on Death
4. Enhanced Sum Assured as Lump Sum benefit on Death & Monthly Income for next 10 years
Life Cover for policy term up to 40 years or 80 years of age
Choice of regular or limited (5 or 10 years) premium paying term
Lower premiums rates for non-smokers and female lives
Enhance your protection with optional rider
Large Sum Assured discount for higher coverage

What are the Plan benefits?

Maturity Benefit:

There is no maturity benefit payable under this plan.

Death Benefit:

The plan offers the following four death benefit options that must be chosen at policy inception:

Option 1: "Sum Assured on death" payable on death

Option 2: "Sum Assured on death" payable on death & monthly Income thereafter for 10 years

Option 3: "Enhanced Sum Assured on death" payable on death

Option 4: "Enhanced Sum Assured on death" payable on death & monthly Income thereafter for 10 years

Sum Assured on Death for Option 1 & 2 shall be defined as the highest of the following:

10 times the Annualised Premium
105% of all the Premiums Paid (excluding the underwriting extra premiums and modal loading), as on the date of death
Absolute amount assured to be paid on death
Minimum Guaranteed Sum Assured on Maturity

The Absolute amount assured to be paid on death for Option 3 & 4 is the Enhanced Sum Assured at the time of death, where the Basic Sum Assured increases by a simple rate of 5% per annum up to the time of death, subject to a maximum of 200% of Basic Sum Assured.

In addition to the above, for two options - 2 & 4, the nominee shall also receive a monthly income equal to 1% of Basic Sum Assured chosen at the time of policy inception, for 10 years starting from the next monthly anniversary following the date of death.

Who can Buy the Plan?

Feature	Specification
Age (as on last birthday)	Minimum: 18 Years Maximum:65 Years
Age at Maturity	100 Years
Policy Tenure	Minimum: 10 Years Maximum: 30 Years
Sum Assured	Minimum: 5000000 Lacs Maximum: No Limit (Subject to BAUP)
Premium Paying Term	Regular, Limited and Single pay Years
Premium Paying Mode	Single / Annual/Semi Annual/Quarterly/Monthly where Annual premium multiplied by loading factors: Semi Annual – 0.51, Quarterly – 0.26, Monthly – 0.0883
Maturity Proceeds	Under Life Option, no benefit is payable if the life assured survives till maturity. Under Life Plus Option, an amount equal to 105% of the Total Premiums Paid (excluding loading for modal premiums) shall be payable at the end of the Policy Term, provided the life assured survives till maturity and the policy is not terminated earlier.
Plan Type	Online
Grace Period	A Grace Period of fifteen days for monthly mode and thirty days for all other modes, from the due date will be allowed for payment of each subsequent Regular Premium. The Policy will remain in force during the period. If any Regular Premium remains unpaid

Is any Rider Available with this Plan?

· Tata AIA Life Insurance Comprehensive Health rider (UIN: 110B031V01 or any other later version)
Tata AIA Life Insurance Comprehensive Protection Rider (UIN: 110B033V01 or any other later version)

Premium Illustration

Premium Paying options		Life Coverage		Size of benefits/policy monies
Premium Paying options		Before 2 years premium paid	After 2 years premium paid	Size of benefits/policy monies
Life Option	Regular Pay	Cover cease to exist	Cover cease to exist	No amount is payable
Life Option	Limited Pay	Cover cease to exist	Cover cease to exist	Lapse Value is paid out on the earlier of the following events after which the policy terminates: Policyholder surrenders voluntarily Death of the Life Assured Expiry of Revival Period Maturity
Life Plus Option	Regular or Limited Pay	Cover cease to exist	Cover continues with Reduced Paid-Up Sum Assured	Death Benefit as defined below is payable on death Payor Accelerator Benefit as defined in section 8.2 is payable on the confirmed diagnosis of Terminal Illness Surrender Value as defined below is payable Maturity Value as defined in section 8.2 is payable at maturity

Is the Plan, eligible for Tax Benefit?

Tata AIA Life Insurance Sampoorna Raksha Plan is eligible for Tax benefits as stated:

Premiums paid, qualify for tax benefits as per Section 80C of the Income Tax Act.
Death benefit(s) are entitled to tax benefits as per Section 10 (10D) of the Income Tax Act.

(Subject to the provision stated therein.)