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TATA AIA Sampoorna Raksha Supreme logo

TATA AIA Sampoorna Raksha Supreme

Introduction to TATA AIA Sampoorna Raksha Supreme

TATA AIA Sampoorna Raksha Supreme is a term insurance plan offered by TATA AIA Life Insurance Company. A term insurance plan is one of the most cost-effective ways to ensure your family will have a secure financial future. Your family will be paid a sum of money as a death benefit, in case your death happens during the policy term. This money can help them meet their monetary needs, while not compromising on their current lifestyle - as well as pay off any outstanding loans or liabilities.

beshak ratings
INDIA’S FIRST UNBIASED, CONFLICT-FREE INSURANCE RATING
Verdict: TATA AIA Sampoorna Raksha Supreme

This product is reasonably priced compared to other products in the market. It includes comprehensive critical illness coverage and offers multiple choices for tailoring how your family receives the claim amount. However, it doesn't provide the increasing cover option or allows many options to speed up your premium payments with limited pay. According to our research, the insurer has received fewer complaints related to claim settlement and policy purchase, indicating a good track record in both the purchase process and claims service experience. 

Pros & Cons: TATA AIA Sampoorna Raksha Supreme

  • arrow Fairly priced in comparison to other products in the market
  • arrow Several options to customize claim payout
  • arrow Critical illness rider available, and the payout is in addition to the life cover amount
  • arrow Received fewer complaints on claim settlement compared to other insurers
  • arrow Received fewer complaints during policy purchase compared to other insurers
  • arrow Not many Limited Pay options available, to speed up payments
  • arrow Doesn't offer the option to automatically increase your claim amount, with time
  • arrow No option to exit the plan while it is still active and receive a refund of premiums

About TATA AIA Life Insurance Co. Ltd.

TATA AIA Life Insurance Co. Ltd. logo

TATA AIA also known as TATA AIA Life Insurance Company Limited a Life Insurance Company in India. Founded in 2000, it is a joint venture between Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). The company is headquartered in Mumbai, its CEO Mr. Naveen Tahilyani.

Founded in
2001
JV Partners
Tata Sons Pvt. Ltd. and AIA Group Ltd.
Turnover (GWP)
4,890.82 Crores
Number of Policies
1,36,353
Number of Claims
1,83,055

Detailed Product Specs & Rating: TATA AIA Sampoorna Raksha Supreme

Claims Experience 5/5 star green
Customer Service 4.48/5 star green
Product Benefits 1.6/5 star green
% of claims settled in less than 30 days
Reflects on the speed of settling valid claims
99.80%
% of Complaints received on overall claims
% customers unhappy with claims experience
0.04%
How complex is the Claim Form?
The longer, the more hassles during claims
Moderately long
Claim Settlement Ratio (No. of claims)
What % of the claims received were paid?
99.01%
Claim Settlement Ratio (Value of claims)
What % of the claim amount received was paid?
94.65%
Solvency Ratio
Reflects an insurance company’s ability to pay claims. Insurers are required to maintain a minimum 150% Solvency Ratio as per IRDAI regulation
178%
Personal relationship manager for claims
Not Available
Can you track claims online?
Yes
Dedicated toll-free for claims service
Not Available
Separate Claim Form for above 3 Years Claim
Not Available
Home pickup of Claims
Available

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