Tata Aia Life Insurance Sampoorna Raksha Plus Review


If you are looking for a life insurance plan, you should consider the Sampoorna Raksha+ Plan from Tata Aia. This plan offers many tax benefits to both policyholders and nominees. All premiums are tax deductible under Section 80(C) of the Income Tax Act, and benefits paid to the policyholder are tax deductible. However, it is advisable to consult a tax consultant for the correct tax benefit. Also, the tax laws can change without prior notice.

Payor Accelerator Benefit

Payor Accelerator Benefit is a benefit in life insurance policies that guarantees the beneficiary a specified percentage of the basic sum assured in case of a terminal illness. It is provided for men and women and offers various flexible payment options. The customer can make monthly, quarterly, or half-yearly payments. There are also different plans to suit individual needs. The payout accelerator benefit assures the beneficiary of fifty percent of the basic sum assured if the insured suffers from a terminal illness.

Payor Accelerator Benefit of Tata AIA Life Insurance Sampoorna Rakshorna Raksha Plus plan: This benefit enables the policyholder to receive a lump sum equivalent to 50% of the adequate sum assured on the death of the life assured or a critical illness diagnosis. The policy remains active for the remaining amount of the sum assured.

Suicide exclusion

The Tata AIA Life Insurance Sampoorna Raksha Plus term insurance plan has a suicide exclusion. It means that the policyholder must die within 12 months of the commencement or revival date of the policy. In such an event, the beneficiary/nominee of the policy will receive the fund value mentioned on the date of intimation of the policyholder’s death. This plan offers multiple funds and is available to salary and self-employed people.

The Sampoorna Raksha+ Plan from Tata AIA Life Insurance Company is a Non-Linked, Non-Participating term insurance plan that provides a death benefit and a regular monthly income in case of death. This plan also offers the flexibility to choose between two death benefit payout options: a lump sum payment or fixed monthly payments for ten years.

Two times refunds

Tata AIA Sampoorna Raksha+ Plan is a non-linked, non-participating term plan. Its primary benefits include the return of premiums and two refunds in the event of death. The plan is designed to help you protect your family’s finances if you die early. It also provides tax benefits to you and your nominee. However, you must consult a tax consultant to get the most from this plan. Also, it is essential to note that tax laws are subject to change without prior notice.

Another essential benefit of the Tata AIA Life Insurance Sampoorna Raksha Plus plan is the ten-year monthly income after your death. This monthly income is equal to 1% of your basic sum assured. You can opt for this plan if you are a smoker or want a monthly income. This plan also offers a grace period of 30 days for premium payments.

Four plan options

The Sampoorna Raksha+ plan from Tata AIA Life Insurance Company is a Non-Linked, Non-Participating plan that ensures the return of premiums on maturity. The plan also offers a choice of two death benefit payout options. The Life option provides a lump sum death benefit, while the Life Income option pays out a fixed monthly income for ten years.

This premium term plan provides financial protection to the life assured and his family. The policyholder can choose the sum assured, which ranges from INR 5 lakh to 50 lakh. It also offers multiple premium payout options: regular and premium. Among these, the single payout option is the most popular. There are also premium and group payout options.

Claim settlement ratio

If you’re considering buying a life insurance policy, you might want to know how a company handles claims. A company’s solvency ratio gives you an idea of its financial stability and ability to meet monetary commitments. All life insurance companies in India are required to maintain a solvency ratio of at least 1.5. Tata AIA Life Insurance has a ratio of 2.1.

The Sampoorna Raksha from Tata AIA provides comprehensive life cover for up to 100 years. It offers affordable premiums and multiple plan options.