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Tata AIA Life iRaksha Supreme

Entry Age (years)  
Minimum 18
Maximum 70
Maximum Maturity Age (years) 80
Policy Term (years)  
Minimum 10
Maximum 40
Sum Assured (Rs)  
Minimum 50 lakh
Maximum No Limit
Premium Payment Frequency Yearly, Half-yearly, Single
Premium Payment Term Single/ Equal to policy term/ Limited Pay- 5 years/ Limited Pay- 10 years
Premium Factor (multiply with annual premium) Half Yearly: 0.51 times annual premium;
Policy Cover Cover remains fixed for the tenure of the policy
Other Features  
Free Look Cancellation In case, you are not satisfied, you may choose to cancel the policy within 30 days of receiving the policy documents. Upon such cancellation, you will be paid back the premiums, minus the cost of stamp duty, medical reports and proportionate premium for the period for which the risk was covered.
Grace Period A grace period of 30 days is allowed after due date of premium payment
Lapsed Policy Reinstatement Policy may be revived within two years from the due date of premium payment provided the insurer is satisfied of policyholder's health. Policyholder will be required to pay all unpauid premiums with interest.
Tax Benefits Section 80C, 10 (10D) of the Income Tax Act, 1961 would apply.
Exclusions In case of death by suicide during the first policy year, whether medically sane or insane no death benefit is payable. Further, if the Life Assured under the policy,commits suicide, within one year from the date of reinstatement of policy, no death benefit except the surrender value, if any, will be paid.
Paid Up Value Policy will acquire a Paid Up Value in case of non payment of premiums provided 3 and 7 years premiums have been paid in full for 5 and 10 years Limited Pay policies respectively. Paid Up Value will be calculated as: (Total Premiums paid excluding extra premium, interest and service tax/ Total Premiums Payable)* Sum Assured
Surrender Value Single Pay policies and Limited pay policies are allowed to surrender. Single Pay policies can surrender at anytime whereas, Limited Pay policies can surrender only after completion of 3 and 7 years for 5 and 10 Pay policies respectively. Surrender.value will be calculated as: Surrender Value Factor * (Outstanding policy term/policy term)* Total premiums paid excluding extra premiums, interest and service tax.
Customer Service  
Address Tata Aia Life Insurance Company Ltd.(Reg 110): 14th Floor,Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 400013.
Mail To [email protected]
Call On 1800 267 9966 or 1860 266 9966