At a Glance

We all want to ensure that our loved ones are never short in terms of financial resources to live the life of their dreams. We all want & need to make sure that come what may, the standard of living of our loved ones is never compromised. We also want to ensure that the burden of our debts & loans does not become a burden for them & their happiness.

For all of the above to happen, we need to ensure that the income for our family is protected. And the best way to do that is through a "Pure Term" Insurance Plan. Tata AIA Life Insurance Maha Raksha Supreme is that solution that provides a wide range of choices along with inbuilt Terminal Illness coverage and option to increase your life cover at future milestones to fulfill your family's specific needs of financial protection.

 

Features and Benefits

Key Features

  • Life Cover up to Age 85 or option for Whole Life coverage (till age 100 years).
  • Inbuilt Payout Accelerator Benefit that advances 50% of Basic Sum Assured in event of a Terminal Illness diagnosis.
  • Increase in cover at future milestone events in your life with Life Stage Plus Option*, without the hassles of fresh medical underwriting.
  • Pay only once, for a limited period or throughout the policy term.
  • Option to enhance protection through rider1.
  • Discount on rates for customers opting for higher level of protection.
  • Discounted rates for female lives and Standard premium rates for non-smokers.
  • Tax benefits2 as per applicable tax laws.

Key Benefits

Death Benefit:

Upon death of the Insured during the term of the policy, provided the policy is in force, the death benefit payable to the Nominee will be the Sum Assured on death along with Additional Sum Assured under Life Stage Plus Option*, if any less Payout Accelerator Benefit already paid, if any:

Sum Assured on death shall be defined as the highest of the following for Regular and Limited Pay:

  • Basic Sum Assured
  • 10 times the Annualized Premium
  • 105% of the Total Premiums Paid up to the date of death

Sum Assured on death shall be defined as the highest of the following for Single Pay:

  • Basic Sum Assured
  • 125% of the Single Premium

The Policy will terminate upon death of the Insured and no other benefit under the Policy shall be payable.

Annualized Premium shall be the premium amount payable in a year chosen by the Policyholder, excluding the taxes, rider premiums underwriting extra premiums and loading for modal premiums, if any.

Total Premiums Paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.


Other Benefits:

Inbuilt Payout Accelerator Benefit

This plan also offers you an inbuilt Payout Accelerator Benefit which accelerates the death benefit payable in case you are terminally ill wherein chances of survival are not greater than 6 months. 50% of your chosen Basic Sum Assured is paid out to you on diagnosis and death benefit as mentioned above will be paid to your nominee in case of death within policy term, provided the policy is in force.

This benefit will commence after 2 years of continuous cover since inception date.

Life Stage Plus Option

Life Stage Plus Option is a benefit that gives an option to increase the life cover (up to 50% of the original cover opted) over and above the life cover chosen at policy inception. The Additional Sum Assured, can be availed of in the future without undergoing any fresh medical underwriting.

    1. This Additional Sum Assured is available to life assured in future, only if this option is written/selected in application form
    2. It can be exercised in the future subject to occurrence of any of the “lifestyle events” as mentioned below
      1. Marriage of the Life Assured (Marriage certificate required)
      2. Child Birth (Birth Certificate Required)/Legal adoption (Adoption deed required) - first two children in both cases

Surrender Benefit :

There is no surrender benefit in this plan for Regular pay option.

For Single Pay/Limited pay option, you can surrender your policy any time during the policy term and the surrender benefit payable (if any) is as follows.

      • The Surrender Value for Single Pay Option = 75% * (Policy Term less Policy duration in complete years)/Policy Term * Single Premium
      • For Limited premium payment policies (including premium payment terms 5/10/12 years and “Pay To Age 60”): Surrender Value = Surrender Value Factor * Annualised Premium.

For Surrender Value factors, please refer the Policy Document on our website: www.tataaia.com.

 

Eligibility

PPT Option

Minimum / Maximum Term

Non-Whole Life Option

Whole Life Option

Single Pay

10 to 50

NA

Regular Pay

10 to 50

NA

Limited Pay - 5

10 to (85 less Entry Age)

100 less Entry Age

Limited Pay - 10

15 to (85 less Entry Age)

100 less Entry Age

Limited Pay - 12

15 to (85 less Entry Age)

100 less Entry Age

Limited Pay – Pay to Age 60

NA

100 less Entry Age


Payment Mode

Annual | Semi Annual | Quarterly | Monthly | Single

Modal loading is as follows:

  • Annual Premium Rate: Multiply Annual Premium Rate by 1 (i.e. No loading).
  • Semi-Annual Premium Rate: Multiply Annual Premium Rate by 0.51 (i.e. loading of 2%).
  • Quarterly Premium Rate: Multiply Annual Premium Rate by 0.26 (i.e. loading of 4%).
  • Monthly Premium Rate: Multiply Annual Premium Rate by 0.0883 (i.e. loading of 6%).

Issue Age (as on last birthday)

Minimum: 18 years

Maximum:
70 years for Single Pay, Regular Pay and Limited Pay 5
65 years for Limited Pay 10, 12
45 years for Pay to Age 60

 

Disclaimer

  • *Option to increase in life cover over and above the Basic Sum Assured chosen at future milestone events in your life with Life Stage Plus Option, without the hassles of fresh medical underwriting. The Life Stage Plus Option can be selected only at inception of the Policy.
  • 1Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor / branch.
  • 2Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
  • Insurance cover is available under this product.
  • This product is underwritten by Tata AIA Life Insurance Company Limited. This plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.
  • Buying a Life Insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the Surrender Value payable may be less than all the Premiums Paid.
  • In case of sub-standard lives, extra premiums will be charged as per our underwriting guidelines.
  • All Premiums are subject to applicable taxes, cesses & levies which will entirely be borne by the Policyholder and will always be paid by the Policyholder along with the payment of Premium. If any imposition (tax or otherwise) is levied by any statutory or administrative body under the Policy, Tata AIA Life Insurance Company Limited reserves the right to claim the same from the Policyholder. Alternatively, Tata AIA Life Insurance Company Limited has the right to deduct the amount from the benefits payable by Us under the Policy.
  • For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
  • DBS Bank India Limited CA0257 is the Corporate Agent of Tata AIA Life Insurance Company Limited and does not underwrite the risk or act as an insurer. DBS Bank India Limited Express Towers, Ground Floor, Nariman Point, Mumbai - 400021. Participation by the Banks's clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between Tata AIA Life and the Insured and not between Bank and the Insured.

For any information including cancellation, claims and complaints, please contact our Insurance Advisor / Intermediary or visit Tata AIA Life’s nearest branch office or call 1-860-266-9966 (local charges apply) or write to us at customercare@tataaia.com. Visit us at: www.tataaia.com or SMS 'LIFE’ to 58888.

Tata AIA Life Insurance Company Limited (IRDAI Regn. No.110) CIN: U66010MH2000PLC128403.

Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013.

Trade logo displayed above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Company Ltd under a license.
L&C/Advt/2020/May/559

BEWARE OF SPURIOUS /FRAUD PHONE CALLS!
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Disclaimer

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Tata AIA Life Insurance Company Limited (IRDA of India Regn. No.110) CIN: U66010MH2000PLC128403 having the Registered office/principal place of business at 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Maha Raksha Supreme Plan with UIN: 110N102V03 is underwritten by Tata AIA Life Insurance Company Limited. The contract of insurance is between the insurer and the insured and not between the Bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank. ISNP registration valid.

For more details on risk factors, terms and conditions, exclusions, please read sales brochure of insurer and policy terms and conditions carefully before concluding a sale. Tax benefits are available as per the prevailing tax laws, which are subject to change.

For any information including cancellation, claims and complaints, please contact our Treasures Relationship Manager or visit DBS Bank India’s nearest branch office or Contact our 24-hour toll free customer service helpline number 1-800-209-4555 / 1-860-267-1234 or our overseas customer service number 91-44-66854555 or write to us at customercareindia@dbs.com. Visit us at: www.dbs.com/in

UIN: 110N102V03

 

How to Apply

Apply now for Tata AIA Life Insurance Maha Raksha Supreme
Locate us Visit us at your nearest DBS branch
Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555

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