Tata AIA Life Launches ‘Maha Raksha Supreme’ – a
Complete Term Insurance Plan...!
ü ‘Life
Stage Plus Option’ offers the
opportunity to increase protection cover
ü Inbuilt
‘Payout Accelerator Benefit’ advances 50% of Basic Sum Assured on the diagnosis
of Terminal illness
Tata AIA Life
Insurance Company Limited (Tata AIA Life) has announced the launch of Tata
AIA Life Insurance Maha Raksha Supreme, a ‘Pure Term’ life insurance
solution that offers enhanced protection for one’s family and ensures their
future.
“With enhanced
protection elements of Tata AIA Life Insurance Maha Raksha Supreme, the future
of one’s family will be completely secured. This comprehensive Term Plan offers
our customers the choice of increasing the protection cover for future
milestone events such as marriage or birth of a child, without going through
fresh medical underwriting. The feature, termed as ‘Life Stage Plus Option’, is
a unique way of enhancing the value of one’s insurance cover over time,” said Sachin
Joglekar, Chief Agency Officer, Tata AIA Life.
Another key feature of this plan is an inbuilt ‘Payout
Accelerator Benefit’. In case the insured is found to be terminally ill and,
unfortunately not expected to survive for a period greater than 6 months, 50%
of the chosen Basic Sum Assured is paid out to him on the diagnosis of the
disease. This can help them take care of any sickness/ living expenses or
settling major responsibilities in their lives. The death benefit is payable on
the unfortunate event of death within policy term.
Tata AIA Life Insurance Maha Raksha Supreme comes with
a minimum Sum Assured of Rs. 50 lakhs and the choice of any term between 10 to
40 years. The plan offers special rates for women and non-smokers. There is a
High Cover Discount for policies with Sum Assured equal to or more than Rs. 1
crore. The customers also have the option of choosing the premium payment term
(Single Premium or Regular premiums), based on their convenience.
Tata AIA Life has launched a bouquet of solutions,
compliant with the new IRDA guidelines applicable from 1st January, 2014. A key
highlight of these solutions is the higher protection cover that is now
available to both existing and prospective customers.
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