Mumbai, August 21, 2025 : Tata AIA Life Insurance, one of India’s most trusted
private life insurers, offers Sampoorna Raksha Promise, a thoughtfully crafted
life insurance solution that provides individuals and their families with
complete financial protection. Designed to bring lasting peace of mind, the
plan empowers policyholders to fulfil their responsibility of safeguarding
their loved ones’ future through consistent and dependable life cover.
It comes with following key
features:
·
Comprehensive Life Coverage: Provides complete financial protection for the
policyholder’s family in the event of unforeseen circumstances, offering
long-term security.
·
Terminal Illness Cover: If diagnosed with a terminal illness, policyholders can avail an
advance payout of the sum assured, helping to manage medical expenses.
·
Family Income Benefit: In case of the policyholder’s untimely demise, this feature ensures
that the family receives a regular income to support their financial needs.
·
Lower premium rate for women: The plan offers preferential premium rates for women, making it an
affordable and inclusive option for female policyholders.
·
Whole Life Cover: This plan provides financial coverage up to 100 years of age
·
Flexible Premium Payment Options: Multiple premium payment options with tax benefits as
per prevailing laws.
·
Flexi Pay Benefit: The Flexi Pay Benefit allows policyholders
to defer premiums for up to 12 months while maintaining full coverage.
·
Instant Claim Payout: Get instant payout of ₹3 Lakh on claim
intimation.
Sampoorna Raksha Promise is Tata AIA’s flagship term
insurance plan that offers policyholders to choose between four plan options:
Life Promise, Life Promise Plus, Joint Life Promise and Joint Life Promise
Plus. This structure offers the flexibility to align the policy with various
life stages, including single individuals, married couples and families with
dependents. Coverage is available till 100 years of age under specific options,
making it a strong choice for long-term protection.
A key feature of the plan is the inbuilt terminal
illness benefit. Upon diagnosis of a terminal illness, the insured receives 50%
of the base sum assured as an accelerated payout while all future premiums are
waived. The policy continues without interruption, ensuring complete cover for
the remaining term. This benefit helps policyholders manage healthcare expenses
while keeping their family’s financial security intact. Additionally, Sampoorna
Raksha Promise offers an instant death claim payout of ₹3 lakh within one working day
of claim registration, supporting the family in meeting urgent financial needs.
Another advantage of the plan is the flexible payout
structure. At the time of purchase, policyholders can choose how the death
benefit will be disbursed to the nominee, as a lump sum, instalments or a
combination of both. The nominee also retains the option to convert future
staggered payments into a one-time lump sum, offering greater control over
financial decisions during emotional times.
The plan also supports women through multiple
features. It allows a premium holiday of up to 12 months during pregnancy, during
which full risk cover continues without any additional cost. Female
policyholders can also opt for waiver of premium on the death of their spouse,
allowing the policy to stay active without future payments. Tata AIA also
extends a 15% lower premium for female lives and offers additional discounts to
salaried individuals, single mothers, existing customers, and employees of the
Tata and AIA group companies and their families.
Couples can benefit from the Joint Life Promise
options, which provide coverage for both spouses under one policy. In the
unfortunate event of the simultaneous death of both lives due to an accident,
an additional sum assured is paid. If either life is diagnosed with a terminal
illness, the Payor Accelerator Benefit ensures that 50% of the sum assured is
paid and all future premiums are waived. If both lives survive the policy term,
the Joint Life Promise Plus option returns 100% of the total premiums paid,
provided all policy conditions are met.
The Super Retirement Benefit allows policyholders to
receive 100% of the premiums paid (excluding discounts) from the 30th policy
year or upon reaching age 70, whichever comes first, but not during the last 10
policy years. The eligible policyholders of Tata AIA Sampoorna Raksha Promise Plan
Select can access complimentary Health Management Services, including medical
consultations, coaching, second opinions, and case management.
To support key milestones, the plan includes Life
Stage and Top-Up cover enhancement features. Customers can increase their sum
assured on getting married, having children or purchasing a home. These
increases can be made without altering the base policy and require only simple
underwriting steps. For greater financial security, optional riders offering
broader protection against critical illnesses and accidental injuries.
Premiums can be paid in a single payment or at regular
intervals such as annually, half-yearly, quarterly, or monthly. A user can
choose to get the premium amount back with the Life Promise Plus plan option
and 100% of premiums are paid back. The plan offers up to 18.5% discount
on the first-year premium for digital purchases making it more affordable. Also
you can get a 2% Milestone discount (up to Rs. 500) on the first-year premium
for first-time job holders, newlyweds, new parents, and recent homeowners.
Tata AIA Life Insurance continues to prioritize
customer-centric innovation, ensuring that its offerings provide real value in
times that matter most. Sampoorna Raksha Promise is more than just a life
insurance policy. It is a financial commitment built on trust and
responsibility to protect the dreams and future of Indian families.
About Tata AIA Life
Tata
AIA Life Insurance Company Limited (Tata AIA) is a joint venture Company formed
by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s
pre-eminent leadership position in India and AIA’s presence as the largest,
independent listed pan-Asian life insurance group in the world, spanning 18
markets in the Asia Pacific region. Tata AIA reported a total Premium Income of
INR 25,692 crore for FY24, up 25% from FY23. The Company continues to rank
among the Top 3 Private Insurers in Individual Weighted New Business Premium
(IWNBP) with an IWNBP income of INR 7,413 crore. The Individual Death Claims
Settlement ratio improved to 99.41%. The Company also achieved industry-leading
Persistency performance (based on premiums), ranking #1 in four out of five
cohorts.
About the Tata Group
Founded
by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered
in India, comprising 30 companies across ten verticals. The group operates in
more than 100 countries across six continents, with a mission ‘To improve the
quality of life of the communities we serve globally, through long-term
stakeholder value creation based on Leadership with Trust’.
Tata
Sons is the principal investment holding company and promoter of Tata
companies. Sixty-six percent of the equity share capital of Tata Sons is held by
philanthropic trusts, which support education, health, livelihood generation
and art and culture.
In
2023-24, the revenue of Tata companies, taken together, was more than $165
billion. These companies collectively employ over 1 million people.
Each
Tata company or enterprise operates independently under the guidance and
supervision of its own board of directors. There are 26 publicly listed Tata
enterprises with a combined market capitalisation of more than $365 billion as
on March 31, 2024.
About AIA
AIA
Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise
the largest independent publicly listed pan-Asian life insurance group. It has
a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland
China, Hong Kong SAR (1), Thailand, Singapore, Malaysia, Australia, Cambodia,
Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka,
Taiwan (China), Vietnam, Brunei and Macau SAR (2), and a 49% joint venture in
India. In addition, AIA has a 24.99% shareholding in China Post Life Insurance
Co., Ltd.
The
business that is now AIA was first established in Shanghai more than a century
ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance
premiums and holds leading positions across the majority of its markets. It had
total assets of US$286 billion as of 31 December 2023.
AIA
meets the long-term savings and protection needs of individuals by offering a
range of products and services including life insurance, accident and health
insurance and savings plans. The Group also provides employee benefits, credit
life and pension services to corporate clients. Through an extensive network of
agents, partners and employees across Asia, AIA serves the holders of more than
42 million individual policies and over 18 million participating members of
group insurance schemes. AIA Group Limited is listed on the Main Board of The
Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD
counter and “81299” for RMB counter with American Depositary Receipts (Level 1)
traded on the over-the-counter market under the ticker symbol “AAGIY”.
