TATA AIA Life Insurance “iRaksha Supreme” is a non-linked and non-participating, term insurance plan. Its an affordable and attractive online pure term plan which can be bought online. This is TATA AIA‘s first online plan. The policy term ranges between 10 to 40 years. Anyone between age 18-70 years can buy this plan online, while the maximum maturity age is 80 years.
Features at glance:
*Rs.12/day For a healthy non-smoker male aged 30 years for term of 25 years, Sum Assured of 50 Lacs and Regular Pay option.
Death Benefit: Nominee will get the sum assured, if policyholder expires within policy term.
Maturity benefit: Since this is pure term plan, policyholder wont get anything on survival.
Sample premiums for 30 year old Sum Assured of Rs.1 Crore:
|Gender||Smoker/non-smoker||Term (yrs)||Regular pay||Limited pay 5||Limited pay 10||Single Premium|
Eligibility conditions and restrictions for iRaksha Supreme:
If you are non-smoker TATA AIA’s iRaksha Supreme is best online term insurance as you can easily save on your premium.