Prices Increasing soon Prices Increasing Soon

iRaksha Supreme: Online Term Insurance Plan offered by TATA AIA Life

Your family deserves the assurance that the standard of life which you have provided them will always be available at all times. However, we cannot foresee eventualities beforehand. Hence, we need to make plans in advance to ensure that our family members do not have to compromise on the standards in our absence. They should not be burdened with debt and financial obligations in case of an untoward incident which may happen to the breadwinner. 

Read more
Gets ₹1 Cr. Life Cover at just
COVID-19 Covered
The Policybazaar Advantage
Dedicated claim support for family FREE
Upto 10% discount for buying online
Only certified experts will call you on 100% recorded lines
We are rated~
rating
6.7 Crore
Registered Consumers
51
Insurance Partners
3.4 Crore
Policies Sold

#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply

By clicking on "View plans" you agree to our Privacy Policy and Terms of use

~Source - Google Review Rating available on:- http://bit.ly/3J20bXZ

Life is Unpredictable! Protect your family’s future
Get ₹1 Crore Life cover starting from ₹384/month+
+91
Secure
We don’t spam
Check Your Premium Now
Please wait. We Are Processing..
Get Updates on WhatsApp
The Policybazaar Advantage
Policybazaar Advantage Icon
Dedicated claim support for family FREE
Policybazaar team will help and support you at the time of claim. A personal claim handler from our team of experts will get in touch with you when your nominee applies for a claim on our website.
Policybazaar Advantage Icon
100% calls recorded to ensure no mis-selling
We will make sure you get what is promised by the advisors. We conduct regular monitoring of our calls to make sure you get the best experience.
Policybazaar Advantage Icon
Exclusive lifetime discount upto 5% for buying online
The discounts will be valid for the entire policy payment term and is not available if you choose to buy the insurance through offline agents.
Policybazaar Advantage Icon
Advisors available in your city
Our advisors are available in more than 55 cities across India and can help you at your doorstep in understanding the plans and in documentation.
Policybazaar Advantage Icon
Refund at the click of a button
In case you aren’t happy with your purchase, you can cancel your policy hassle-free at the click of a button. We will help you with the cancellation and refund of your policy.

Note: Know more about what is term insurance first before reading this article.

On 25th January 2013, Tata AIA Life Insurance launched “iRaksha Supreme”, an online term insurance plan. This plan offers high life coverage at cheap rates which secures the family against premature death of the policy holder. This non-participating term plan is available online.

Choices of Premium Payment

The attractive and affordable policy can be bought from any location at any time with the click of a mouse. In a few simple steps you can opt for the life cover when required. It offers the choice of premium payment which will suit your convenience. You can opt for:

  • Regular Pay: You can choose to pay premium till the end of the policy term annually or semi-anually
  • Limited Pay: You can choose to pay premium for a limited period of 5 to 10 years and get coverage for a longer time period.
  • Single Pay: You can pay the premium once in lump sum for the entire coverage.

Preferential Rates Offered Under the Plan

Preferential rates are offered to policy holders who follow a healthy lifestyle and abstain from smoking. Additionally, women can avail the benefits of the policy at lower rates. For customers who opt for high level of protection, Rs. 75 lakhs or above, rate benefits are offered. It is important to note that if you invest in iRaksha Supreme, you will be eligible for tax benefits under section 80 C of the Income tax Act, 1961.

The age at entry for TATA AIA iRaksha Supreme Plan is 18 years and the maximum age is 65 years. The maximum age at maturity is 75 years. Let’s take a look at the features and term insurance benefits of iRaksha Supreme:

Entry Age 18 years to 65 years
Term of the plan Minimum:10 years, Maximum:35 years
Provision for renewability The lapsed policy can be renewed within 2 years from the date of the lapse
Sum assured Minimum: Rs.50 lakhs, Maximum: No Limit
Premium
  • Minimum annual premium: Rs.17,854
  • Maximum annual premium: Calculated on total sum assured
  • Premium differs between men and women
  • Premium differs between non-smokers and smokers
  • Depends on the applicant’s age. Higher for those whose age is closer to the maturity.
  • Premium also depends on payment frequency (whether regular, limited or single pay)
Surrender Period The lender pays the surrender benefit if:
  • 3 years premium is paid and the policy is limited pay for 10 years or regular pay
  • 2 years premium is paid and the policy is limited pay for 5 years
  • A single pay policy can be surrendered at any time.
Free look period 30 days

 Disclaimer: Policybazaar does not rate, endorse or recommend any specific insurance provider or insurance product offered by any insurer.

If you opt for high level of protection, discount is offered as described below:

For Regular and Limited Pay:

Sum Assured in Rupees Discount Every 1000 of Sum Assured
75,00,000 -99,99,999 0.1
1,00,00,000 -1,99,99,999 0.15
2,00,00,000 - 4,99,99,999 0.2
5,00,00,000 and above 0.25

 

For single pay:

Sum Assured in Rupees Discount Every 1000 of Sum Assured
75,00,000 - 99,99,999 0.5
1,00,00,000 and above 1

Note: You can easily calculate the term plan premium by using the term insurance calculator online tool.

Cancelling the policy in the free look period

This policy comes with a free look period of 30 days after the policy is handed over. If you are not satisfied with the terms and conditions and features of the policy you can cancel the policy by providing a notice to the company. You will get a refund of all the premiums which you paid without interest after the deduction of proportionate risk premium, stamp duty, and medical examination cost which you may have incurred while issuing the policy. 

Note: Check out the best term insurance plan in India and choose one that suits your requirements.


Premium By Age

Term insurance articles

  • Recent Article
  • Popular Articles
07 May 2024

Term Insurance for 45K Salary Individuals

In life, unpredictability looms large, and while you may

Read more
07 May 2024

Term Insurance for 30K Salary Individuals

Turning your dreams into reality, like owning your home and car

Read more
11 Apr 2024

Government Term Insurance Schemes 2024

The Government of India is committed to the welfare and

Read more
03 Apr 2024

How Policybazaar Helps With Dedicated Claim Assistance

Mr. Kumar has been working with a Public sector bank in Delhi.

Read more
19 Mar 2024

Kotak Term Insurance Login

Kotak Life Insurance is one of the leading insurers offering a

Read more
20 Aug 2014

Term Insurance for Women in India

Term insurance for women is a type of life insurance specifically designed for fulfilling women’s needs and

Read more
03 Dec 2020

What Is Saral Jeevan Bima

Saral Jeevan Bima (SJB) is a simple term insurance plan that offers financial protection for policyholder’s

Read more
13 Apr 2021

2 Crore Term Insurance Plan

2 Crore term insurance provides cover amount of 2 Crore as death benefit to your family in the event of your

Read more
07 Mar 2023

TATA AIA Smart Sampoorna Raksha Param Rakshak Plus

TATA AIA Smart Sampoorna Raksha Param Rakshak Plus is a comprehensive life insurance policy for individuals

Read more
Need Help? Request Callback
top
View Plans
Close
Download the Policybazaar app
to manage all your insurance needs.
INSTALL