Tata AIA Maha Raksha Supreme Select

It also features built-in terminal illness benefits and premium deferment options. The plan offers 4 plan options that are Life Secure, Life Secure Plus, Joint Life Secure, Joint Life Secure Plus and allows you to customize your plan as per your needs.

Key Features of TATA AIA Maha Raksha Supreme Select

Below are the key features of the Maha Raksha Supreme Select Plan offered by TATA AIA Life Insurance:

• Flexibility to choose from 4 death benefit options based on your family's financial needs.

• Option to avail whole life cover for extended financial protection.

• Terminal illness benefit offering up to 50% of the effective sum assured in advance, depending on the chosen payout option.

• An inbuilt waiver of premium on the diagnosis of a covered terminal illness.

• Special first-year premium discount for eligible salaried customers.

• Flexibility to increase the sum assured for a specific period or throughout the policy term.

• Choice to receive the death benefit as a lump sum, monthly instalments, or a combination of both.

• FlexiPay Benefit allows premium payments to be deferred for up to 12 months, subject to policy terms.

• Up to 15% lower premium for eligible women policyholders.

• Option to enhance protection with comprehensive riders offering additional health and wellness benefits.

Eligibility Criteria of TATA AIA MAHA Rakssha Supreme Select

Plan Options Available Under Tata AIA Maha Raksha Supreme Select

Life Secure Option

This option provides pure life insurance protection with a built-in terminal illness benefit to secure your family's financial future. The death benefit under the option is paid to the nominee on the life assured's demise.

• The built-in Payor Accelerator Benefit pays 50% of the effective sum assured upon diagnosis of terminal illness.

• Future premiums are waived after a valid terminal illness claim.

• No maturity benefit is payable if the life assured survives the policy term.

Life Secure Plus Option

This option combines life insurance protection with a return of premiums if the policyholder survives the policy term.

• Includes all benefits available under the Life Secure Option.

• Returns 100% of the total premiums paid (excluding modal loading and discounts) on maturity.

• Premium return is available only if the policy remains active until maturity.

Joint Life Secure Option

Designed for couples, this option provides life cover for both spouses under a single policy.

• The death benefit is payable on the first death during the policy term.

• The built-in Payor Accelerator Benefit provides an early payout for terminal illness and waives future premiums.

• An additional accident benefit is payable if both lives die simultaneously due to an accident.

Joint Life Secure Plus Option

This option offers joint life protection, with a return of premiums on survival until maturity.

• Includes all benefits available under the Joint Life Secure Option.

• Returns 100% of the total premiums paid (excluding modal loading and discounts) if both lives survive till maturity.

• Continues to provide terminal illness protection through the built-in Payor Accelerator Benefit

Benefits of TATA AIA Maha Raksha Supreme Select

The Tata AIA Maha Raksha Supreme Select is a comprehensive, pure protection term plan offering customized death benefits, whole-life coverage, and premium deferment options. It includes unique inbuilt perks such as instant claim payouts, terminal illness acceleration, and life stage enhancements.

Death Benefit

Tata AIA Maha Raksha Supreme Select provides financial protection to your family in case of the life assured's unfortunate demise during the policy term. The death benefit is paid to the nominee as a lump sum, regular income, or a combination of both, depending on the selected payout option.

The death benefit payable is the highest of:

• 1.25 times the Single Premium or 7/10 times the Annualised Premium, depending on the chosen plan option.

• 105% of the Total Premiums Paid (excluding modal loading and discounts).

• Effective Sum Assured applicable on the date of death.

For Joint Life options:

• An additional Effective Sum Assured is paid if both lives assured die simultaneously due to an accident.

Maturity Benefit

The maturity benefit under this TATA AIA Term plan depends on the selected plan option.

• Life Secure and Joint Life Secure: These options are pure protection plans and do not offer any maturity benefit if the life assured survives the policy term.

• Life Secure Plus: If the policy remains in force until maturity, the life assured receives 100% of the Total Premiums Paid (excluding modal loading and discounts) towards the base plan and eligible Cover Enhancement Options such as Life Stage or Top-Up SA.

• Joint Life Secure Plus: If both lives assured survive the policy term, 100% of the Total Premiums Paid (excluding modal loading and discounts) is paid back, subject to policy terms.

Terminal Illness Benefit

Tata AIA Maha Raksha Supreme Select includes an inbuilt Payor Accelerator Benefit that provides financial support if the life assured is diagnosed with a covered terminal illness. Under this benefit, 50% of the Effective Sum Assured is paid in advance based on the chosen payout option. After the claim is accepted, all future premiums are waived while the policy continues with the remaining life cover and applicable benefits. This benefit is not available under the PoS variant of the plan.

Cover Enhancement Options

The plan allows you to increase your protection over time through optional cover enhancement features.

• Life Stage Benefit: Increase the sum assured after major life events such as marriage or childbirth.

• Top-Up Sum Assured: Automatically increase your life cover every year by a fixed percentage (5% to 20%) by paying an additional premium.

• Education Secure: Provides an additional life cover to meet the future education expenses of up to three nominated children.

Instant Claim Payout

Tata AIA Maha Raksha Supreme Select offers an Instant Claim Payout feature to provide immediate financial assistance to the nominee during difficult times. For eligible in-force policies with a minimum sum assured of ₹1 crore, the insurer pays ₹3 lakh within one working day of claim registration, subject to submission of the required documents. The remaining death benefit is paid after the claim assessment is completed.

Premium Holiday Due to Pregnancy

The plan offers a Premium Holiday Due to Pregnancy feature exclusively for women policyholders. Under this benefit, eligible policyholders can defer premium payments for up to 12 months during pregnancy while keeping the policy and life cover active. No interest is charged on the deferred premiums, and the benefit is available for eligible Regular Pay and Limited Pay policies, subject to the plan's terms and conditions.

Super Retirement Benefit

The Super Retirement Benefit is an optional feature that allows eligible policyholders to receive 100% of the Total Premiums Paid (excluding discounts) from the 30th policy year or upon attaining 70 years of age, whichever is earlier, subject to policy terms. If the entire benefit amount is used to purchase an eligible annuity plan from Tata AIA, the insurer adds an additional 5% of the Total Premiums Paid, enhancing the retirement corpus.

Child Education Protect Benefit

The Child Education Protect Benefit is an optional feature that helps secure your child's future education expenses in your absence. Upon the death of the life assured, the plan provides a regular income to the nominated child(ren) until they attain the specified age. This benefit covers up to three children and is available with the Life Secure and Life Secure Plus options on payment of an additional premium.

Waiver of Premium on Husband's Death

The Waiver of Premium on Husband's Death is an optional benefit available exclusively for women policyholders. If the insured event, such as the husband's death (due to any cause or accident, depending on the selected option), occurs during the policy term, all future premiums are waived while the policy continues with all benefits until maturity, ensuring uninterrupted financial protection.

Health Management Services

Eligible policyholders can access complimentary health and wellness services through Tata AIA's network of service providers.

These value-added services may include:

• Medical consultations.

• Second medical opinions.

• Health coaching.

• Personal medical case management.

• Preventive health and wellness support.

These services are optional, offered at no additional cost, and are available only while the policy remains in force.

What is Not Covered under TATA AIA Maha Raksha Supreme Select Plan

• Death due to suicide within 12 months from the policy commencement or revival date is not covered. In such cases, only 80% of the premiums paid or the surrender value, whichever is higher, will be payable as per the policy terms.

• The Terminal Illness Benefit is not payable if the terminal illness arises directly or indirectly due to an attempted suicide within the first year of policy inception or revival.

• The Accidental Death Benefit does not cover death caused by illnesses, infections, pre-existing diseases, or any cause other than an accident.

• Claims arising from suicide, intentional self-injury, alcohol or drug abuse, criminal acts, riots, or unlawful activities are excluded under the Accidental Death Benefit.

• Death resulting from war, military operations, nuclear or radioactive events, hazardous occupations, or adventure sports such as skydiving, mountaineering, deep-sea diving, or racing is not covered under the Accidental Death Benefit.

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