Tata Aia Smart Sampoorna Raksha Pro Plan
TATA AIA Life Insurance Company
Our Verdict
Tata AIA Smart Sampoorna Raksha Pro offers lifelong financial security with flexible payouts, wellness rewards, and add-ons like accidental death and critical illness cover. Ideal for individuals seeking comprehensive, long-term life insurance with health-focused benefits.
About the Plan
Tata AIA Smart Sampoorna Raksha Pro is a comprehensive life insurance plan designed to provide financial security and flexibility. It offers a range of coverage options, including life cover, return of premiums, and whole-life benefits, ensuring long-term protection for policyholders and their families. With customizable payout options, riders for enhanced coverage, and premium payment flexibility, this plan caters to diverse financial needs. It also includes a wellness program that incentivizes healthy living with rewards. Combining Tata AIA’s reliability with innovative features, Smart Sampoorna Raksha Pro ensures holistic financial planning, making it an ideal choice for those seeking lifelong security and peace of mind.
About the Plan
Eligibility
• Entry Age :
18 to 65 years
• Maximum Maturity Age :
75 years
• Policy Term :
20 to 55 years
• Minimum Sum Assured :
₹25,00,000
• Premium Payment Term :
Regular Pay or Limited Pay (10 or 15 years)
• Premium Payment Frequency :
Yearly, Half-Yearly, or Monthly
• Citizenship :
Indian residents and NRIs (subject to underwriting)
Eligibility
Features of the Product
Terminal Illness
Tata AIA Life Smart Sampoorna Raksha Pro plan offers a terminal illness benefit. If the life insured is diagnosed with a terminal illness, they will receive a lump sum payout of 50% of the base sum assured.
Death Benefit
Option 1: Upon the insured’s death during the policy term, the nominee receives the “Sum Assured on Death,” and the policy terminates with no further benefits payable.
Option 2: Upon the insured’s death, the nominee receives the “Sum Assured on Death” and 1% of the Basic Sum Assured monthly for 10 years, with a lump sum option available.
Total Permanent Disability Payout
The Tata AIA Life Smart Sampoorna Raksha Pro plan pays a benefit of ₹50 lakh in case of total and permanent disability of the policyholder due to an accident. The disability must occur within 180 days of the accident.
Premium Payment Customizations
The plan offers Regular, Limited (5, 10, or 12 years), or Single Pay options with yearly, half-yearly, quarterly, or monthly payments.
Exclusions
Suicide within the first 12 months of policy commencement or revival, only returning 80% of premiums paid.
Death due to participation in hazardous activities like adventure sports, racing, or extreme sports.
Pre-existing diseases and conditions not disclosed at the time of policy issuance.
Death or disability due to war, terrorism, civil commotion, or military service.
Death resulting from drug abuse, alcohol consumption, or substance intoxication.
Death due to criminal activities, illegal acts, or participation in unlawful activities.
Self-inflicted injuries, including attempted suicide, leading to death or disability.
Any medical conditions arising from nuclear contamination, radiation exposure, or biological warfare.
Critical illnesses diagnosed within the initial waiting period, as per policy terms.
Death due to pregnancy-related complications, except when explicitly covered under add-on benefits.
Exclusions
Accidental Death Benefit - ₹50 lakh is payable if the policyholder dies due to an accident within the benefit option term
Hospital Cash Benefit - 0.5% per day is paid for hospitalization for a minimum of one day
ICU Benefits - 0.5% per day is paid for each day of stay in ICU
Critical illness: CritiCare Plus Rider - Comprehensive coverage against 40 critical illnesses
Add-ons
If you are a woman
Lower premium rates: Compared to male policyholders, women typically enjoy lower premium rates due to their longer life expectancy.
Smart Lady benefit: This unique feature provides additional financial security for women, offering a lump sum payout upon the diagnosis of a specified critical illness or at maturity.
If you smoke
The Tata AIA Life Smart Sampoorna Raksha Pro plan offers preferential premium rates for non-smokers, making life insurance more affordable. Non-smokers can enjoy lower premiums compared to smokers, as they are considered lower-risk policyholders.
Note :
Grace period : The Tata AIA Life Smart Sampoorna Raksha Pro plan offers a grace period of 30 days for yearly and half-yearly premium payments and 15 days for monthly premium payments.
Free look period : The Tata AIA Life Smart Sampoorna Raksha Pro plan offers a free look period of 15 days (30 days for online or distance-mode purchases). During this period, the policyholder can review the policy terms and cancel it if unsatisfied, receiving a refund of the premium paid after deducting applicable charges.
Suicide Clause: If the policyholder dies by suicide within 12 months, the nominee receives 80% of premiums paid; no other benefits apply.
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About the Company
Tata AIA Life Insurance Company Limited is a leading life insurance provider in India, established in 2001 as a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. This partnership merges Tata's renowned leadership and trust in India with AIA's extensive experience across 18 markets in the Asia-Pacific region. The company is headquartered in Mumbai, India.
A wide variety of products are available from Tata AIA Life Insurance to accommodate different protection requirements and financial objectives. Their portfolio consists of Unit Linked Insurance Plans (ULIPs) that give market-linked returns, savings plans that combine wealth growth and life insurance, and term insurance for family stability. Additionally, they offer retirement plans including annuities and pensions for post-retirement income as well as health insurance to cover medical costs. Every plan offers different policy terms, variable premium alternatives, and extra riders for increased coverage, guaranteeing customised solutions for each policyholder's particular requirements.