Best Tata AIA Term Plans to Invest in 2021

 

Best Tata AIA Term Plans to Invest in 2021

The responsibility of taking care of the family is one that none of us can ignore. The more the years pass by, the more extensive the responsibilities become. And if you are the only member earning in the family, you have to think about your family first and then you can consider yourself. In one such case, you must buy a term insurance plan. This will keep your family less worried about money in a situation when you meet with a mishap and are not there anymore.

Now if you are concerned about the kind of term insurance you should and you are specifically focusing on the term insurance company, you can any day go for Tata AIA term insurance plan. The Tata AIA term plans are the perfect solutions for those who want to secure the financial future of their family. The Tata AIA term insurance offers three main protection solutions, which include iRaksha Supreme, iRaksha TROP, and Maha Raksha Supreme.

iRaksha Supreme

iRaksha Supreme is a non-linked and non-participating Tata term plan that is customized to make sure that your family will be financially secured in case you pass away within the tenure. The minimum entry age of this term insurance plan is 18 years, while the maximum entry age is 70 years. The maximum age during the time of maturity has to be 80 years. The minimum policy term is 10 years and the maximum is 40 years. The minimum sum assured is Rs. 50 lacs and the maximum has no upper limit. The premium payment frequency is semi-annual and annual.

iRaksha TROP

This is also a non-participating and non-lined Tata AIA term plan online that makes sure that your family does not have to go through a rough financial patch in an event of your sudden demise. The minimum entry age for this term plan is 18 years while the maximum entry age is 65 years. The minimum policy term is 10 years while the maximum policy term is 35 years. The minimum sum assured is Rs. 50 lacs while there is no upper limit for maximum sum assured. The minimum annual premium that you have to pay for the plan is Rs. 17,854. The maximum annual premium depends totally on the sum assured.

Maha Raksha Supreme

This Tata term insurance is again a limited premium-paying endowment assurance policy that is non-participating and non-linked and helps policyholders to plan their savings outflow and the needed regular yearly income inflow. The term plan also provides several other benefits. Two options come with this plan, A and B.

  • Option A: The minimum entry age in this option is 18 years and the maximum entry age is 50 years. The maximum age at maturity is 85 years. The minimum policy term is 85 years. The minimum policy term is 35 years. The sum assured is 10 times the annual premium. The premium payment term is 15 years. The minimum yearly premium is Rs. 15,000.

  • Option B: The minimum entry age that you get with this plan is 18 years and the maximum entry age is 50 years. The maximum age of the policyholder that has to be during the maturity is 80 years. The policy term is 30 years. The sum assured is similar to Option A, which is 10 times the annual premium. The premium payment term is 12 years and the premium that you have to pay annually is Rs. 20, 000.

If you want to get more insights on the term insurance plans offered by Tata AIA, you can visit the website of IIFL and check all the plans available there.

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