Protect More, Live Freely - Tata AIA Maha Raksha Supreme Select Offers Flexible Life Cover
Mumbai, India – Tata AIA Life Insurance, a reputed name in India's life insurance industry, launches Maha Raksha Supreme Select, a total term insurance solution that responds to the changing demands of life. This groundbreaking solution combines strong life protection with flexible premium choices and wellness benefits, keeping families financially safeguarded through all stages of life. Key Maha Raksha Supreme Select Highlights • Coverage enhancement: Helps policyholders raise their sum assured at key life events such as marriage, childbirth, or home loan disbursal, ensuring that protection grows with financial responsibilities. • Annual top-up feature: Offers the flexibility to increase coverage by 5% to 20% each year, allowing families to keep up with inflation and rising financial needs. • Return of premium options: Under the Life Secure Plus and Joint Life Secure Plus plans, 100% of the total premiums paid are returned at maturity, providing the dual benefit of protection and value recovery. • FlexiPay benefit: Allows policyholders to postpone premium payments for up to 12 months without the policy being cancelled, offering support during financial hardships. • Instant claim payout: Provides an immediate payout of ₹3 lakhs within one working day of claim intimation (after three policy years), ensuring timely financial assistance when needed. • Joint life coverage: Covers both spouses under a single policy, with the option for the surviving partner to continue the coverage through a one-time premium payment. • Special discounts: Includes 15% lower premiums for women policyholders, along with additional benefits for salaried professionals and existing Tata AIA customers. Benefits that adapt to your life journey Maha Raksha Supreme Select has been thoughtfully designed with flexibility at its core. The Life Stage option empowers policyholders to increase their coverage at critical life moments, whether it's getting married (50% increase), welcoming a first child (25% increase), a second child (25% increase), or securing a home loan (up to 100% based on loan amount). This ensures that protection remains aligned with growing responsibilities. For those seeking to stay ahead of inflation, the Top-Up SA feature allows annual coverage increases ranging from 5% to 20% of the base sum assured. This systematic enhancement helps families maintain adequate protection as their financial obligations expand over time. The plan offers significant maturity benefits for customers who value both protection and returns. Under Life Secure Plus and Joint Life Secure Plus variants, 100% of premiums paid (excluding modal loading and discounts) are returned at policy maturity. This combination of life cover and premium return makes it a dependable choice for individuals seeking comprehensive value from their life insurance investment. The Payor Accelerator Benefit provides crucial support during medical crises. Upon diagnosis of a terminal illness, 50% of the effective sum assured is paid immediately, and all future premiums are waived. This ensures families receive timely financial assistance while relieving them of ongoing premium obligations during challenging times. With the Joint Life option, couples can consolidate their protection under one policy. In the event of one partner's death, the surviving spouse has the option to continue coverage by converting to a single premium plan, deducted from the death benefit. This thoughtful feature ensures uninterrupted protection for families. Reflecting Tata AIA's commitment to inclusivity, the plan offers 15% lower premiums for women consumers, along with discounts for salaried professionals and family members of existing customers. These benefits make quality life insurance more accessible across diverse customer segments. Your coverage choices The Maha Raksha Supreme Select has four main options to fit different needs. • Life Secure Option: Pays money to your nominee if you pass away; no payout if you live to the end. • Life Secure Plus Option: Pays money to your nominee; returns 100% of premiums paid at the end. • Joint Life Secure Option: Covers both partners; pays money if either partner passes away, with no payout at the end. • Joint Life Secure Plus Option: Covers both partners; returns 100% of premiums paid at maturity. You can make your coverage stronger by adding extra benefits, or riders. These can be added at the start or on your plan’s anniversary. • Accidental Death Benefit Rider: Provides extra money if death is caused by an accident. • Accidental Total and Permanent Disability Rider: Gives money if an accident causes a lasting disability. • Waiver of Premium Rider: Stops future payments if you become disabled or seriously ill. You can modify the plan to suit your needs with these riders. They give the people you care about an additional layer of financial security. About Tata AIA Life Insurance Tata AIA Life Insurance Company Limited is a joint v
