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Tata AIA Life Insurance: Major Plans & Details

Tata AIA Life Insurance: Major Plans & Details

Tata AIA Life Insurance: Major Plans & Details

1) Sampoorna Raksha Promise (Term insurance)

  • Type: Term / pure risk life cover (various variants available).
  • Entry age: Typically 18 to 60 / 65 years depending on variant.
  • Sum assured range: Widely offered — ₹50 lakh up to multiple crores (subject to underwriting).
  • Key features: Large life cover for low premium, optional riders, variants with return-of-premium options, whole-life cover options to age 100 in some variants.
  • Illustrative premium (30-yr male, non-smoker, ₹1 Cr): Tata AIA marketing shows examples of ₹501 / month as a promotional figure for ₹1 Cr coverage (check calculator for exact current premium & terms). 

2) Maha Raksha Supreme Select (Term insurance)

  • Type: Term / high-sum risk cover.
  • Entry age: Typically 18 to 65 years (varies by variant).
  • Sum assured range: From several lakhs up to multiple crores (subject to underwriting).
  • Key features: Flexible premium payment terms, large cover options, optional riders and premium discounts.
  • Illustrative premium (30-yr male, non-smoker, ₹1 Cr): Example shown on Tata AIA page: ≈ ₹46,078 / year (this example used a particular premium payment term — use the calculator to match your chosen PPT and term). 

3) Param Raksha Life Pro / Param Raksha Life Pro+ (ULIP / Wealth + Life cover)

  • Type: ULIP — market-linked investment + life cover.
  • Entry age: Usually 18 to 65 years (exact min/max vary by variant).
  • Sum assured / fund: Life cover linked to premium & plan option; fund value grows per chosen funds. Minimum premiums and sums vary — subject to fund & plan terms.
  • Key features: Investment flexibility (fund switches), term booster / wellness add-ons, loyalty additions, fund-based maturity value. 

4) Fortune Guarantee Plus (Savings / Guaranteed income plan)

  • Type: Non-linked savings plan / guaranteed income & life cover.
  • Entry age: Varies by variant (check plan doc); generally adult entry ages from ~18 upward.
  • Sum assured / minimum premium: Minimum premium amounts specified (examples on Tata AIA page: single-pay minimums shown like ₹5,000 for some sub-variants).
  • Key features: Guaranteed annual income (fixed % of premium), flexibility on income payout mode (monthly/annual), life cover during policy term.
  • Note: This is a savings/annuity style product — premiums and benefits depend heavily on chosen payment term and income period. 

5) Fortune Guarantee Pension (Pension / Annuity solutions)

  • Type: Retirement / annuity product.
  • Entry age: Depends on variant (many pension options accept a wide age range; specific variant limits apply).
  • Sum assured / purchase price: You pay premium (single/regular); payout depends on annuity chosen.
  • Key features: Immediate or deferred annuity, guaranteed lifetime income options, choices for return-of-purchase-price etc. 

6) Shubh Flexi Income Plan / Shubh Maha Life / Shubh Maha Life Plus (Savings / Whole-life variants)

  • Type: Savings & long-term protection (whole life and savings hybrids).
  • Entry age: Generally adult entry ages (e.g., 18+); exact limits vary by sub-plan.
  • Sum assured / benefits: Designed to provide life cover + savings/maturity benefits; some plans target whole-life coverage.
  • Key features: Flexible income options, market-linked or guaranteed components depending on variant; some variants launched recently (see press release). 

7) Shubh Global Invest / Life Protect Supreme (USD denominated) & NRI-focused variants

  • Type: USD-denominated plans for NRIs / international exposure and protection.
  • Entry age: Varies (intended for NRIs — check product terms).
  • Sum assured / features: Life cover in USD, investment options linked to global funds (depending on plan), tailored for NRI needs. 

8) Other / Specialized retail variants (money-back, endowment, participating plans)

  • Examples: Non-linked participating endowments, money-back plans, premium-return options, child plans, and group solutions. These plans have specific entry ages, minimum premiums and guaranteed/maturity benefits defined in their product brochures

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