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Iraksha Supreme - Tata Aia Life Insurance - MoneyBloom

Iraksha Supreme Eligibility

  • Entry Age: 18 - 70 years
  • Maturity Age Max: 80 years
  • Sum Assured Minimun: r 50,00,000
  • Sum Assured Maximum: No Limit Subject to Underwriting (in multiples of r1,00,000)
  • Policy Term: Premium Paying Term Policy Term in years  10 to 40 years
  • Premium Limited Option: 5 / 10 years Payment, Regular Premium, Single Premium
  • Premium Paying Frequencies: Annual/Semi-Annual

Iraksha Supreme Benefits

Death Benefit: Life is uncertain and our objective should be that in case of an unfortunate incident, our family should be financially well protected. In case of unfortunate demise of the insured during the policy term, the Death Benefit as stated below will be paid to the nominee / legal heir.

Death Benefit = Higher of:

  • Sum Assured
  • 10 times the Annualised Premium
  • 105% of the Total Premiums Paid

Death benefit payout will be made subject to the policy being in force.

Annualised Premium shall be the premium paid in a year with respect to the basic sum assured chosen by the policy holder, excluding the underwriting extra premiums and loading for modal premiums, if any

Total Premiums Paid means amount equal to the total premiums paid during the premium paying term of the policy. Such amount should be excluding interest, tax, underwriting extra premium and loading for modal premiums, if any


Iraksha Supreme Features

    Surrender Benefit:
    • It is advisable to continue the policy till the chosen policy term. However, due to some unfavorable circumstances if you are unable to continue the policy and it needs to be surrendered, we will pay the below:
    • Surrender Value Factor* (Outstanding Policy Term / Policy Term)* Total Premiums Paid
    • Policies can be surrendered anytime after policy commencement in case of Single Pay policies.
    • Policy can be surrendered provided full 3 and 7 years premiums have been paid for 5 and 10 Pay policies respectively in case of Limited Pay policies.
    • Policy surrender is not applicable under Regular Pay policies.
    • Surrender Value Factors will be available in the policy document
    Paid-up Benefit:
    • In case of non-payment of premiums within the grace period, the policy will acquire a Paid-up Value provided full 3 and 7 years premiums have been paid for 5 and 10 Pay policies respectively. The policy shall remain in force for the balance policy term for a reduced sum assured i.e. Paid-up Sum Assured which will be payable in case of death.
    • Paid-up Sum Assured = (Number of Premiums Paid / Total Number of Premiums Payable) * Sum Assured

Iraksha Supreme Claim Process

  • You can contact us on : 1800-267-9966 or 1860-266-9966
  • Please drop us a mail at claimssupport@tataaia.com for any assistance or query relating to reporting a claim (Death Claims/Critical Illness Claims) or visit us at: www.tataaia.com

Iraksha Supreme Exclusions

  • In case of death due to suicide by the insured, whether sane or insane, within 12 months from the date of commencement, the nominee shall be entitled to Total Premiums aid, provided the policy is in force. In case of death due to suicide by the insured, whether sane or insane, within 12 months from the date of reinstatement or revival, the nominee hall be entitled to higher