TATA AIA Sampoorna Raksha Supreme is a term insurance plan offered by TATA AIA Life Insurance Company.

TATA AIA Sampoorna Raksha Supreme offers some unique features such as comprehensive critical illness coverage, multiple claim payout options to help you customise how your family will receive the claim amount, etc. Additionally, as per our research, the insurer has received fewer claim settlement and policy purchase complaints, as compared to other insurers. This means that your family is likely to get a smooth claims experience.

On the flip side, this plan doesn’t offer increasing cover or many limited pay options to speed up your premium payments.

Here’s a quick review of the TATA AIA Sampoorna Raksha Supreme plan.

What are the key benefits of TATA AIA Sampoorna Raksha Supreme Plan?

Life cover benefit: This term insurance plan pays an assured sum of money to your family if your death happens during the term of the policy. There is no maturity benefit in this policy - meaning, you don’t get anything back in case you survive the term of the policy. You can claim tax benefits under Section 80C of the Income Tax Act with this term insurance policy.
Early exit option: This option lets you opt out of the plan while it is active. You can do so during a specific timeframe determined by the insurer and you’ll receive a refund of all the premiums you’ve paid up to that point. However, this plan has no early exit option.
Cover Duration: The plan gives you the option to choose a policy duration of up to 100 years - making it an ultra-long-term policy. So, if you choose to buy the policy for 100 years, you can almost guarantee that your family will get the payback, in the event of your death.
Increasing cover: This plan does not provide you the benefit of an increasing cover, meaning you cannot automatically grow the sum assured with time, to match inflation. Instead, you will need to purchase a new term insurance plan every time you need an upgrade.
Limited pay: The TATA AIA Sampoorna Raksha Supreme also offers these limited pay options rolling from 5 to 40 years. With these options, you can pay off your premiums early and enjoy the cover for the rest of the policy term. Premiums can be paid monthly, quarterly, half-yearly, or yearly.
Claim payout options: You can customize the claim payment to your nominee with one-time, instalment, or one-time + instalment options.

Which riders are available with TATA AIA Sampoorna Raksha Supreme Plan?

The TATA AIA Sampoorna Raksha Supreme comes with additional optional benefits that you can opt for. Here are the riders available with this term insurance policy -

Comprehensive Critical Illness Rider: In case you get any of the serious diseases listed in the policy document, this add-on will pay an additional amount as a lump sum. This money can be used to help your family overcome the loss of income, as well as cater to the additional healthcare and medical expenses that you’ll have to incur as a result of the disease. As an additional cover, it covers 40 illnesses, with coverage up to 75 years and a maximum cover of 1 Crore.
Accidental death benefit rider: With this rider, your family will receive an additional amount of money if your death happens because of an accident. This is also a great option if you want to increase your overall sum assured in case you are eligible for a cover amount lower than what is required for your family. You can be covered for up to 85 years, with the maximum cover depending on the board-approved underwriting policy.

Why should you buy from TATA AIA Life Insurance Company?

Speed of claim settlement: The insurer has settled 99.58% of claims in less than 30 days. This shows that your family will receive their claim amount promptly once the claim documents are submitted.
Online tracking of claims: TATA AIA Life Insurance allows your family the option to track their claims online.
Claims complaints: Based on the research conducted by our team, we discovered the insurer has received a lower number of complaints compared to other insurers, accounting for 0.03%. This suggests that your family is likely to experience a seamless and smooth claim settlement process.
Home pick up for claims: This insurer offers the service of picking up all claims documents from home, so your family would not have to personally visit the branch office.
Claim Settlement Ratio: The insurer has a claim settlement ratio of 99.13%.

Drawbacks of buying term insurance from TATA AIA Life Insurance

Length of the claim form: The insurer’s claim form was found to be moderately long, with several questions to answer. This means that your family too will need to go through a time-consuming lengthy form-filling process, during times of personal distress.
Personal relationship manager: The insurer does not offer a personal relationship manager for claims to help your nominee with claims.
Claims Service Support: A dedicated toll-free number for claims service is not available.
Claim Form Submission: A separate claim form for claims above 3 years is not available.

How is the customer service provided by TATA AIA Life Insurance Company

Response on Toll-free: Our research found their response over the toll-free to be slow in comparison with other insurers.
Response on Twitter: Similar to other insurers, TATA AIA too provides the option to connect over social media platforms like Twitter, to seek resolution to your family’s questions and complaints. Having said that, our research team found that the company’s response on Twitter is quick.
Policy purchase-related complaints: Based on our research, TATA AIA Life Insurance Company has received 0.34% of complaints related to its after-sales service, which is higher than other insurance companies.

So, your family can contact the insurer via their toll-free number to get timely assistance.

About the Insurer- TATA AIA Life Insurance Company

TATA AIA is also known as TATA AIA Life Insurance Company Limited. Founded in the Year 2001, it is a joint venture between Tata Sons Private Limited and AIA Group Limited (AIA). The company is headquartered in Mumbai. The CEO/CMD of the company is Mr. Naveen Tahilyani.

Final review of TATA AIA Sampoorna Raksha Supreme Plan

Looking at all the product benefits, customer service, and claims experience and based on the 100+ metrics analysed by our in-house research team, the TATA AIA Sampoorna Raksha Supreme gets a Beshak⭐Rating of 4.0/5.