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.
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
Fairly priced in comparison to other products in the market- Several options to customize claim payout
- Critical illness rider available, and the payout is in addition to the life cover amount
- Received fewer complaints on claim settlement compared to other insurers
- Received fewer complaints during policy purchase compared to other insurers
Not many Limited Pay options available, to speed up payments- Doesn't offer the option to automatically increase your claim amount, with time
- 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 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.
Detailed Product Specs & Rating: TATA AIA Sampoorna Raksha Supreme
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