Tata AIA Life Insurance has introduced an innovative term insurance plan, Sampoorna Raksha Promise, designed to offer enhanced protection and benefits tailored to modern needs. This new offering is set to redefine financial security with its array of features. Key highlights of the Sampoorna Raksha Promise include an instant payout of INR 3 lakhs upon claim notification to cover urgent expenses. Additionally, if diagnosed with a terminal illness, policyholders will receive 50% of the base sum assured, with all future premiums waived while policy benefits continue.
The plan also offers a facility to defer premiums by up to 12 months, once every five years.”Term insurance has long been a cornerstone of financial security. With Sampoorna Raksha Promise, we address evolving consumer needs with features like immediate claim payouts and terminal illness benefits,” said Samit Upadhyay, President & CFO of Tata AIA.
The plan offers coverage up to age 100, with two options: Life Promise and Life Promise Plus. Life Promise provides a death benefit, while Life Promise Plus refunds 100% of premiums if the policyholder survives to maturity. Other benefits include a Flexi Pay Benefit to defer premiums without extra cost, and various discounts such as 15% lower premiums for women and 10% off for online purchases.In Aizawl, Sampoorna Raksha Promise is expected to resonate strongly with customers looking for reliable and flexible insurance solutions. The plan’s features address both immediate and long-term financial needs, making it a compelling option for those seeking comprehensive coverage.
