Tata AIA Life Insurance has recently unveiled its latest offering in the term insurance segment – Sampoorna Raksha Promise. This innovative product is designed to provide enhanced financial security to policyholders and their families, addressing various aspects of life insurance needs.
One of the standout features of Sampoorna Raksha Promise is its instant payout feature. Upon intimation of a death claim, the plan provides an immediate payout of ₹3 lakh. This quick disbursement is intended to cover urgent expenses that families may face in the unfortunate event of the policyholder’s demise.
Understanding that financial circumstances can change, Tata AIA Life has incorporated a premium deferral option. This feature allows policyholders to postpone their premium payments for up to 12 months once every five years, providing financial flexibility during challenging times.
The plan includes a thoughtful terminal illness benefit. If the policyholder is diagnosed with a terminal illness:
This feature ensures that policyholders receive financial support when they need it most, without compromising on future coverage.
Sampoorna Raksha Promise offers two primary plan options to cater to different needs:
This option provides coverage up to age 100, with a specified sum assured payable upon the policyholder’s death.
Similar to Life Promise, this option includes an additional benefit:
The life stage facility allows policyholders to increase their coverage at key life events without additional underwriting. These events include:
This feature ensures that coverage can be adjusted to meet changing life circumstances and financial responsibilities.
In the event of the policyholder’s death after a waiting period of three years, an amount of ₹3 lakh is paid within one working day from claim registration. This accelerated payout aims to provide immediate financial support to the bereaved family.
The flexi pay benefit allows policyholders to defer premium payments for up to 12 months without any additional cost while maintaining full coverage. This feature provides financial flexibility during temporary setbacks or emergencies.
Tata AIA Life offers several discounts to make the Sampoorna Raksha Promise more accessible:
These discounts aim to encourage various segments of the population to secure their financial future through term insurance.
Sampoorna Raksha Promise goes beyond financial protection by including access to Personal Medical Case Management (PMCM) services from Medix. This value-added service offers:
The inclusion of PMCM services demonstrates Tata AIA Life’s commitment to holistic customer care, addressing both financial and health-related concerns.
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