Introduction:
In today’s fast-paced world, safeguarding our loved ones’ financial well-being is of utmost importance. Tata AIA Life Insurance understands this need and has introduced Sampoorna Raksha, a comprehensive life insurance plan designed to provide complete protection and peace of mind. With a wide range of benefits and flexible options, Sampoorna Raksha ensures that your family’s future remains secure, even in your absence.
Key Features of Tata AIA Life Insurance Sampoorna Raksha:
- Comprehensive Coverage: Tata AIA Life Insurance Sampoorna Raksha offers a comprehensive coverage option, ensuring that your family is financially protected in the event of your untimely demise. The plan provides a lump sum payout to the nominee, which can help cover various financial obligations such as loans, mortgages, children’s education, and daily living expenses.
- Choice of Coverage Period: Sampoorna Raksha offers the flexibility to choose the coverage period according to your needs. You can opt for coverage up to the age of 85 years, allowing you to protect your loved ones for an extended period.
- Multiple Benefit Options: Tata AIA Life Insurance Sampoorna Raksha provides various benefit options to suit your specific requirements. These options include a regular income payout, increasing income payout, and a lump sum payout. You can choose the option that aligns with your family’s financial goals and aspirations.
- Additional Riders for Enhanced Protection: To enhance the coverage of Sampoorna Raksha, Tata AIA offers additional riders that can be added to the policy. These riders include critical illness rider, waiver of premium rider, and accidental death benefit rider. These riders provide extra financial protection in case of critical illnesses, accidental death, or disability.
- Premium Waiver on Critical Illness: Sampoorna Raksha provides the unique benefit of premium waiver on the diagnosis of a critical illness covered under the plan. This means that in the unfortunate event of being diagnosed with a critical illness, you will not have to pay future premiums, and the policy will continue to remain in force.
- Tax Benefits: Tata AIA Life Insurance Sampoorna Raksha also offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. The premiums paid towards the policy are eligible for tax deductions, and the death benefit received by the nominee is tax-free, subject to prevailing tax laws.
Conclusion:
Tata AIA Life Insurance Sampoorna Raksha is a comprehensive life insurance plan that provides complete financial protection to your loved ones. With flexible coverage options, multiple benefit choices, and additional riders, it ensures that your family’s future remains secure even in your absence. The premium waiver on critical illness and tax benefits make it an even more attractive option for individuals looking to safeguard their family’s financial well-being.
Investing in Tata AIA Life Insurance Sampoorna Raksha not only provides peace of mind but also empowers you to fulfill your responsibilities towards your loved ones. Don’t delay securing your family’s future – choose Sampoorna Raksha and embark on the journey towards a worry-free tomorrow.
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Frequently Asked Questions (FAQs)
What is Tata AIA Life Insurance Sampoorna Raksha?
Tata AIA Life Insurance Sampoorna Raksha is a comprehensive life insurance plan that offers financial protection to your loved ones in the event of your untimely demise. It provides a lump sum payout to the nominee, ensuring their financial security.
What are the coverage options available under Sampoorna Raksha?
Sampoorna Raksha offers various coverage options, including a regular income payout, increasing income payout, and a lump sum payout. You can choose the option that best suits your family’s financial needs.
Can I choose the coverage period for Sampoorna Raksha?
Yes, you have the flexibility to choose the coverage period according to your needs. The plan allows coverage up to the age of 85 years, providing long-term protection for your family.
Are there any additional riders available for Sampoorna Raksha?
Yes, Tata AIA offers additional riders that can be added to the Sampoorna Raksha policy for enhanced coverage. These riders include critical illness rider, waiver of premium rider, and accidental death benefit rider.
What is the premium waiver benefit on critical illness?
Sampoorna Raksha provides a unique benefit where the future premiums are waived off in the event of a critical illness diagnosis. This ensures that the policy remains in force, providing continued financial protection.
Are there any tax benefits associated with Sampoorna Raksha?
Yes, premiums paid towards Sampoorna Raksha are eligible for tax deductions under Section 80C of the Income Tax Act, 1961. Additionally, the death benefit received by the nominee is tax-free, subject to prevailing tax laws under Section 10(10D).
Can I surrender my Sampoorna Raksha policy?
Yes, you have the option to surrender your Sampoorna Raksha policy. However, surrendering the policy may result in the loss of benefits and may have financial implications. It is advisable to consult with your financial advisor before making any decisions.
Can I change my coverage or benefit option during the policy term?
No, once the policy is issued, you cannot change the coverage or benefit option during the policy term. Therefore, it is essential to carefully evaluate your requirements and choose the most suitable option at the time of purchase.
Can I revive my lapsed Sampoorna Raksha policy?
Yes, you can revive a lapsed Sampoorna Raksha policy within the revival period specified by Tata AIA. The revival process may involve paying the outstanding premiums, along with any applicable interest or charges.
How can I purchase Tata AIA Life Insurance Sampoorna Raksha?
You can purchase Sampoorna Raksha by contacting Tata AIA Life Insurance or their authorized agents. They will guide you through the application process, help you choose the coverage options, and provide necessary assistance.
