TATA AIA Sampoorna Raksha Supreme is a term insurance plan offered by TATA AIA Life Insurance Company, which is also known as TATA AIA Life Insurance Company Limited. A term insurance plan is one of the most cost-effective ways to ensure your family will have a secure financial future. When you invest in the TATA AIA Sampoorna Raksha Supreme plan, your family will be paid a sum of money as a death benefit, in case your death happens during the policy term. However, like any pure term plan, this plan doesn’t offer any maturity benefit - meaning, you don’t get anything back in case you survive the term of the policy.
This product offers some unique features like door-step claim settlement and allowing you to pay the first premium only after your proposal is approved. Another key feature of this plan is that you can choose the exact number of years you want to pay your premiums for (after the first 5 years, until maturity). The insurer has an excellent track record with respect to their purchase and claims service, meaning your family is very likely to get a smooth experience with this insurer. However, it is also considerably expensive compared to other products in the market. Further, this plan doesn’t allow you to choose some important customizations such as increasing covers or claim payout options to decide how your family will receive the claim amount.
TATA AIA also known as TATA AIA Life Insurance Company Limited a Life Insurance Company in India. It offers Term Life Insurance Plans, Traditional Savings Plans, and Unit Linked Insurance Plans. Founded in the Year 2000, it is a joint venture between Tata Sons Private Limited and AIA Group Limited (AIA). The company is headquartered in Mumbai, with its branches across various cities. The CEO / CMD of the company is Mr. Rishi Srivastava.
TATA AIA Sampoorna Raksha Supreme is a term insurance plan offered by TATA AIA Life Insurance company.
While it comes at a slightly higher premium compared to other similar products in the market, it does offer some unique features that might interest you to consider this policy. You can apply for this policy without making any initial payment - you are required to make the first premium payment only after the proposal is approved. The plan also offers a rolling limited pay option - meaning, you can decide how frequently you want to pay the premium so that you can get the payment liability off your chest quickly. Further, TATA AIA holds a fantastic track record for its claim settlement process and customer services.
On the flip side, the plan fails when it comes to letting you customize some important benefits including increasing covers and claim payout, making it unsuitable for many.
Here’s a quick review of the TATA AIA Sampoorna Raksha Supreme plan.
We’ve heard of several cases of families losing all their term insurance money in poor investment choices - and you don’t want this to happen to your family too. So, if you’re choosing this plan, ensure that you find a good financial advisor who will guide your family to manage the payout properly.
The TATA AIA Sampoorna Raksha Supreme comes with additional optional benefits that you can opt for. The riders available with this term insurance policy are -
Make sure you select riders based on your family’s requirements and needs. Not everyone needs to buy every rider.
Note: Most other similar products include the Waiver of Premium Rider. However, this product doesn’t offer it.
Now that we have a list of all the benefits of why you should choose the TATA AIA Sampoorna Raksha Supreme, let us quickly look into some drawbacks. This will provide you a clearer picture of whether this insurer and plan fits your needs.
TATA AIA is also known as TATA AIA Life Insurance Company Limited, a Life Insurance Company in India. It offers Term Life Insurance Plans, Traditional Savings Plans, and Unit Linked Insurance Plans. Founded in the Year 2000, it is a joint venture between Tata Sons Private Limited and AIA Group Limited (AIA). The company is headquartered in Mumbai, with its branches across various cities. The CEO / CMD of the company is Mr. Rishi Srivastava.
Looking at all the product benefits, customer service, and claims experience and based on the 100+ metrics analyzed by our in-house research team, the TATA AIA Sampoorna Raksha Supreme gets a Beshak⭐Rating of 3.7/5.