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Tata AIA Life Maha Raksha Supreme

Eligibility  
Entry Age (years)  
Minimum 18
Maximum 70 for Pure Protection; 55 for Extra Protection
Maximum Maturity Age (years) 80 for Pure Protection; 65 for Extra Protection
Policy Term (years)  
Minimum 10
Maximum 40
Sum Assured (Rs)  
Minimum 50,00,000
Maximum No Limit
Premium Payment Frequency Yearly, Half-yearly/ Quarterly/ Monthly/ Single
Premium Payment Term Single/Regular Pay
Premium Factor (multiply with annual premium) 0.51 for Half-yearly, 0.26 for Quarterly, 0.0883 for monthly mode
Policy Cover Policy cover remains constant throughout policy term if insured did not opt for Life Stage Plus Option. Policy Sum Assured increases at significant stages of life if insured opted for Life Stage Plus Option at time of purchasing policy.
Other Features  
Free Look Cancellation In case, you are not satisfied, you may choose to cancel the policy within 15 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 31 days is allowed.
Lapsed Policy Reinstatement If premium are not paid before the expiry of the grace period from the premium due date, the policy will lapse. If the Policyholder fails to reinstate a policy within this two year period from the premium due date, the policy will terminate. On reinstatement, all outstanding premiums, with interest will be payable..
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.
Surrender Value Only Single Pay policies can be surrendered after completion of one policy year. The surrender value will be calculated as: 75% * (Policy term less policy duration in complete years)/Policy term * Single Premium.
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 Customercare@tataaia.com
Call On 1800 267 9966 or 1860 266 9966
Additions to the Plan  
Available Rider(s) Tata Aia Life Accidental Death Benefit (ADB) Rider: It covers death due to an accident.
Tata Aia Life Accidental Death and Disablement (Long Scale) (ADDL) Rider: It covers accidental death and disablement as per detailed in policy document. A double indemnity is payable for certain accidental deaths as mentioned in the policy document.
Tata Aia Life Accidental Death and Disablement (Short Scale) (ADDS) Rider: This Rider covers Accidental Death and Dismemberment as per detailed in policy schedule.
Tata Aia Life Surgical Benefit Rider: It covers more than 900 surgeries and pays a pre fixed percentage of Sum Assured. Once selected, Surgical Benefit Sum Assured cannot be changed throughout policy term. The Surgical Benefit Rider Sum Assured will increase 5% per annum from 2nd year onwards subject to a maximum amount of 150% of initial Surgical Benefit Rider Sum Assured.
Tata Aia Life Critical Illness Lump Sum Benefit Rider: This Rider covers 6 critical illnesses: Cancer, Stroke, Heart Attack, Coronary Bypass Surgery, Chronic Renal Failure, Major Organ Transplant.
Rider Conditions  
Entry Age (years)  
Minimum Higher of 18 years or minimum entry age under the policy
Maximum 50 years for Critical Illness rider and 55 for other riders
Maximum Maturity Age (years) Lower of maturity age under policy or70 years for ADB Rider / 65 years for other riders
Sum Assured (Rs)  
Maximum Sum Assured of the basic policy
Rider Premium (Rs) Rider premiums vary for each individual. It depends on age, sum assured and health condition of the insured. For an instance a healthy 30 year old male will be required to shell out following annual premiums on a 2 lakh sum assured for a policy term of 10 years:
Accidental Death Benefit: Rs 200
Accidental Death and Disablement (Short Scale) Benefit: Rs 320
Accidental Death and Disablement (Long Scale) Benefit
Critical Illness Benefit: Rs 334
Surgical Benefit: Rs 2536