Tata InstaProtect is a comprehensive innovative solution that provides financial protection to you and your family members. This smart product combines the long cover benefits with critical illness, accidental death, hospitalization expenses, accidental death, total and permanent disability, and others.Read more
*Tax benefit is subject to changes in tax laws.
**All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
Here are the Key features of Tata AIA InstaProtect Plan:
Comprehensive Protection: The Tata AIA InstaProtect offers comprehensive life cover and health protection to you and your family, with flexible packages to choose from. It covers heart conditions, hospitalization, cancer, terminal illness, critical illness, and disability
Cost-effective and economical premium rates: Each plan option come with a flexible term of premium payment and economical premiums for comprehensive benefits and coverage
Return of premium (optional)
Tax Savings Benefit: Get tax benefits as per the applicable laws of the Income Tax Act
Simplified procedure: Smooth and easy on-boarding process with no medical tests, claim settlement processes, and renewal with hassle-free online transaction modes.
Express Issuance: This option offers the claim payout option within 4 hours of registering the claim
Flexibility: You can select the premium payment term and policy term at your convenience.
Following are the benefits of the Tata AIA InstaProtect Plan:
Criticare Plus Benefits: Under this, you will be eligible for lump sum payout on 1st diagnosis of any of the mentioned 40 critical illnesses or undergoing any covered processes. Thus, this benefit offers comprehensive coverage against a number of illnesses such as cardiac and cancer.
Hospicare Benefit: In case of any medical emergency, if you are hospitalized, the hospicare benefit will pay for per day hospitalization advantage of 0.5% of the sum assured amount. Also, if you are admitted to ICU, then an additional 0.5 percent of the sum assured will be payable.
Accidental Total and Permanent Disability Benefit: In case of an unfortunate event such as total and permanent disability because of an accident, a lump sum amount will be paid. This amount will provide coverage for treatment expenses, income loss, etc. In this, the payout amount gets doubled if the accident occurs under some situations such as public transport, etc.
Life Cover: Protect your family’s financial future in case of your unforeseen demise with a term cover. The term cover will take care of your dear one’s financial well-being and provide much-required security in your absence.
Choose Return of Premium Option: Get ROP for respective coverage at the time of maturity, if the benefit option is in force till the completion of the policy tenure.
|Benefits||Sum Assured Package|
|25 Lakhs||50 Lakhs||70 Lakhs|
|Criticare Plus Benefit (Lumpsum)||3 Lakhs||5 Lakhs||10 Lakhs|
|Hospicare Benefit (Lumpsum)||5 Lakhs||10 Lakhs||10 Lakhs|
|Accidental Total and Permanent Disability (Lumpsum)||5 Lakhs||10 Lakhs||15 Lakhs|
|Accidental Death Benefit (lumpsum)||5 Lakhs||10 Lakhs||15 Lakhs|
|Sampoorna Raksha Supreme||7 Lakhs||15 Lakhs||20 Lakhs|
**Payout accelerator benefit offers inbuilt terminal illness at 50 percent of sum assured
|Sum Assured Package||25, 50, 70 Lakhs|
|Return of Premium option (ROP)||ROP, non-ROP|
|Entry Age||18 years||45 years|
|Maturity Age||23 years||75 years|
|Policy Term||ROP||5 years||50 years|
|Non-ROP||5 years||50 years|
|Premium Payment Term||Single Pay||1 year|
|Limited Pay||5 year||PT minus 1|
|Regular Pay||Equal to PT|
|Frequency of Premium Payment||Annual/Half-yearly/Quarterly/Monthly|
Step 1: Choose the correct sum assured package
Step 2: Choose Non-Return of Premium (ROP)/Return of Premium
Step 3: Choose Premium Payment Term/Policy Term and Payment Frequency
Step 4: You can easily and quickly buy the customized plan online through multiple digital payment modes. Proceed to pay the premium of Tata AIA InstaProtect Plan
The below table illustrates the annual premium amount for non-smoker males of 30 years.
|Age||PT||PPT||Non-ROP option for sum assured package||ROP option for sum assured package|
|25 Lakhs||50 Lakhs||70 Lakhs||25 Lakhs||50 Lakhs||70 Lakhs|
|35 years||20 years||5||13416||25237||35813||34058||64344||88629|
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