Tata AIA Life Insurance Sampoorna Raksha Supreme

Allows the policyholder to increase the Base Sum Assured on specific life events like marriage, birth, or adoption of children and home loan disbursal, subject to underwriting.

Provides a lump sum payment of 50% of the Base Sum Assured or Effective Sum Assured upon diagnosis of a Terminal Illness.

A 90-day waiting period applies from the start of the risk, during which premiums are refunded if death occurs, unless death is accidental (for POS policies).

If death occurs by suicide within 12 months of policy commencement or revival, the benefit is limited to 80% of premiums paid or the surrender value.

If the life insured dies during the grace period, the company will deduct the unpaid premium for that policy year from the death benefit.

A period allowed for premium payment after the due date: 15 days for monthly mode and 30 days for others.

Enables the life cover to increase annually by 5% of the Base Sum Assured until specific limits are reached.

If the life insured survives until maturity under the Life Plus option, 105% of the total premiums paid will be returned.

Diagnosis must be confirmed by two independent Medical Practitioners and indicate a greater than 50% chance of death within 6 months.

Policyholders have a 15-day (or 30-day for electronic modes) period to review the policy and return it if they disagree with the terms.

The Payor Accelerator Benefit cover only starts after two years from policy commencement.

Additional sum assured tranches are surrendered in reverse order of when they were added.

A lapsed policy can be revived within 5 years from the date of the first unpaid premium.

Optional access to second opinions and medical case management at no extra cost.

The policy lapses if premium is not paid within the grace period and no surrender value has been acquired.

The value payable on policy surrender is the higher of the Guaranteed or Special Surrender Value.

The policyholder is responsible for all applicable taxes and duties, which the insurer has the right to deduct from benefits.

If the age is incorrect, the insurer may adjust premiums/benefits or void the policy if the true age would have made the insured ineligible.

The death benefit can be paid as a lump sum, staggered monthly payments up to 60 months, or a combination.

Payments made under the Payor Accelerator (Terminal Illness) benefit are deducted from the final Death Benefit.