Tata AIA Life Insurance Smart Sampoorna Raksha Flexi

What is Tata AIA Life Insurance Smart Sampoorna Raksha Flexi?

Tata AIA Life Insurance Smart Sampoorna Raksha Flexi is a ULIP plan that combines life insurance protection with market-linked investment opportunities and a wellness program. It consists of two key components: Tata AIA Smart Sampoorna Raksha Pro, a non-participating, individual life insurance plan (UIN: 110L172V02), and Tata AIA Vitality Protect Plus, a non-linked, non-participating, individual health rider (UIN: 110A048V03). This plan is designed to provide holistic financial security, wealth creation, and incentives for a healthy lifestyle. Notably, Tata AIA Smart Sampoorna Raksha Pro is also available as a standalone product.

Features of Tata AIA Life Insurance Smart Sampoorna Raksha Flexi

Below are the features of Tata AIA Life Insurance Smart Sampoorna Raksha Flexi: 

1. Personalized Plan:

   • This Tata ULIP plan offers flexibility to tailor coverage based on individual priorities, encompassing both investment and insurance needs.

2. Investment Options:

   • Access to funds rated 4 or 5 stars by Morningstar, allowing for informed investment decisions.

   • Ability to track fund performance and adjust portfolio as needed.

3. Life Insurance Coverage:

   • Provides whole life cover up to 100 years, ensuring long-term financial security.

   • Terminal Illness cover with Term Booster.

   • Death Benefit Payout.

   

4. Rider Flexibility:

   • Options include accidental death and accidental total & permanent disability coverage.

   • Terminal illness benefit, with or without accidental death and disability coverage.

   • Return of Premium Rider.

5. Wellness Program:

   • Enrollment in the Tata AIA Vitality Wellness Program, offering up to 30% discount on first-year rider premiums.

   • Up to 10% upfront discount on first year rider premiums.

6. Financial Flexibility:

   • Option to get Income Pay-outs.

   • Multiple Fund Options.

   • Top-Up Sum Assured.

   • Income Term and Payment Flexibility.

7. Lower Premium Rates:

   • Offers lower premium rates for women.

Eligibility Criteria of Tata AIA Life Insurance Smart Sampoorna Raksha Flexi

Benefits of Tata AIA Life Insurance Smart Sampoorna Raksha Flexi

Below are the benefits of Tata AIA Life Insurance Smart Sampoorna Raksha Flexi:

1. Financial Protection:

   • Provides life insurance coverage to safeguard loved ones against unforeseen events, including death, disability, and terminal illness.

   • Additional life cover equal to base sum assured and 2x benefit in case of death/disability due to accident in public transport.

2. Wealth Creation:

   • Enables wealth growth through investment in market-linked funds, with access to top-rated funds.

   • Maturity Benefits.

   

3. Health and Wellness Incentives:

   • Motivates a healthy lifestyle through the Tata AIA Vitality Wellness Program, offering discounts and rewards for achieving health goals.

4. Tax Benefits:

   • Offers income tax benefits as per applicable income tax laws.

5. Comprehensive Coverage:

   • Provides a combination of life cover, investment growth, and health rider benefits in a single plan.

   • Lump-sum payment on diagnosis of a terminal illness.

How to Calculate Returns on Tata AIA Life Insurance Smart Sampoorna Raksha Flexi ULIP Plan?

Policyholders can use a ULIP plan calculator to determine the returns on their ULIP investments. This digital tool provides an estimate of potential investment growth within a Unit Linked Insurance Plan (ULIP). By offering a transparent projection of returns, it aids in financial planning and informed decision-making. Users can modify inputs such as premium amount and policy duration to evaluate different scenarios and enhance their investment strategy.