Policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person. IRDA Imposes a Penalty worth Rs 10 Lakhs on Tata AIA Life Insurance Tata AIA Life Launches Micro Insurance for the Weaker Sections Tata AIA Life has Initiated a Special Engagement Program for Customers
On death of the policyholder, the nominee gets the death benefit which is higher of the Sum Assured/10 times Annual Premium/ 105% of total premiums paid
Details About Premium Annual premium in Rupees for a policy term of 25 years for an individual aged 30 years for a cover of 1 crore Policy Details Grace Period: 30 days grace period is allowed for payment of premium. If policyholder fails to make payment within the grace period, the policy lapses Policy Termination or Surrender Benefit: the policy cannot be surrendered under regular premium payment option. In case of single pay, the policy can be surrendered any time after inception. But in case of limited pay policies, the policy can be surrendered only if 3 or 7 years premium has been paid for 5 or 10 pay options respectively. Surrender Value = Surrender Value Factor * (outstanding policy term/policy term)* total premiums paid Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim. Inclusions The policy covers only death during the policy term. There is no maturity benefit Additional Features or Riders Non-smokers are rewarded with a discount in premium rates Female lives are charged lower premiums Opting for Sum Assured of values 75 Lakhs and above also attracts discounts in premium rates Exclusions For suicides within 12 months of policy inception, total premiums paid is returned to the nominee and if suicide is committed within 12 months of policy reinstatement, higher of total premiums paid or the acquired Surrender value is paid to the nominee
Introduction/Overview Tata AIA Life Insurance iRaksha Supreme is an online pure term plan which provides a high life coverage at very cheap rates so that the family is secured against premature death of the policyholder Key Features This is a non-participating pure term plan which is available only through the website of the insurer High coverage can be opted for at minimalistic rates Premium can be paid regularly, for a limited term of 10 or 5 years or via Single pay
Policyholder has to fill up an `Application form/ proposal form with accurate medical history along with the address proof and other KYC documents. Medical examination may be required in some cases, based on the sum assured and the age of the person. IRDA Imposes a Penalty worth Rs 10 Lakhs on Tata AIA Life Insurance Tata AIA Life Launches Micro Insurance for the Weaker Sections Tata AIA Life has Initiated a Special Engagement Program for Customers
On death of the policyholder, the nominee gets the death benefit which is higher of the Sum Assured/10 times Annual Premium/ 105% of total premiums paid
Details About Premium Annual premium in Rupees for a policy term of 25 years for an individual aged 30 years for a cover of 1 crore Policy Details Grace Period: 30 days grace period is allowed for payment of premium. If policyholder fails to make payment within the grace period, the policy lapses Policy Termination or Surrender Benefit: the policy cannot be surrendered under regular premium payment option. In case of single pay, the policy can be surrendered any time after inception. But in case of limited pay policies, the policy can be surrendered only if 3 or 7 years premium has been paid for 5 or 10 pay options respectively. Surrender Value = Surrender Value Factor * (outstanding policy term/policy term)* total premiums paid Free Look Period: If you would not be pleased with the coverage, and terms and conditions of the policy, you have the option of canceling the policy within 15 days of receipt of the policy documents, provided there has been no claim. Inclusions The policy covers only death during the policy term. There is no maturity benefit Additional Features or Riders Non-smokers are rewarded with a discount in premium rates Female lives are charged lower premiums Opting for Sum Assured of values 75 Lakhs and above also attracts discounts in premium rates Exclusions For suicides within 12 months of policy inception, total premiums paid is returned to the nominee and if suicide is committed within 12 months of policy reinstatement, higher of total premiums paid or the acquired Surrender value is paid to the nominee
Introduction/Overview Tata AIA Life Insurance iRaksha Supreme is an online pure term plan which provides a high life coverage at very cheap rates so that the family is secured against premature death of the policyholder Key Features This is a non-participating pure term plan which is available only through the website of the insurer High coverage can be opted for at minimalistic rates Premium can be paid regularly, for a limited term of 10 or 5 years or via Single pay
