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Tata AIA Life Insurance Sampoorna Raksha A Non-Linked, Non-Participating, Term Insurance Plan. Choice… is a great option, when you receive the best of both worlds! Features: Flexibility to choose from 4 Death Benefit options: o Option 1 - Lump Sum benefit on Death o Option 2 - Lump Sum benefit on Death & Monthly Income for next 10 years o Option 3 - Enhanced Sum Assured as Lump Sum benefit on Death o Option 4 - Enhanced Sum Assured as Lump Sum benefit on Death & Monthly Income for next 10 years Life Cover for policy term up to 40 years or 80 years of age Choice of regular or limited (5 or 10 years) premium paying term Lower premiums rates for non-smokers and female lives Enhance your protection with optional rider Large Sum Assured discount for higher coverage Benefits: A. Maturity Benefit: There is no maturity benefit payable under this plan. B. Death Benefit The plan offers following four death benefit options that must be chosen at policy inception: Option 1: "Sum Assured on death" payable on death Option 2: "Sum Assured on death" payable on death & monthly Income thereafter for 10 years Option 3: "Enhanced Sum Assured on death" payable on death Option 4: "Enhanced Sum Assured on death" payable on death & monthly Income thereafter for 10 years “Sum Assured on Death” for Option 1 & 2 shall be defined as the highest of the following: o 10 times the Annualised Premium o 105% of all the Premiums Paid (excluding the underwriting extra premiums and modal loading), as on the date of death o Absolute amount assured to be paid on death o Minimum Guaranteed Sum Assured on Maturity The Absolute amount assured to be paid on death for Option 3 & 4 is the Enhanced Sum Assured at the time of death, where the Basic Sum Assured increases by a simple rate of 5% per annum up to the time of death, subject to maximum of 200% of Basic Sum Assured. In addition to above, for two options - 2 & 4, the nominee shall also receive a monthly income equal to 1% of Basic Sum Assured chosen at the time of policy inception, for 10 years starting from the next monthly anniversary following the date of death. Eligibility: Plan Parameters Minimum Maximum Age at Entry (years)* 18 For Regular Pay/ Limited: 5 Pay - 70 For Limited: 10 Pay - 65 Age at Maturity (years)* 28 80 Policy Term (PT) (years) Regular Pay/ Limited: 5 Pay - 10 to 40 years Limited: 10 Pay - 15 to 40 years Premium Payment Term Limited Pay: 5/ 10 years (PPT) (years) Regular Pay Basic Sum Assured (Sum Rs. 50,00,000 No limit subject to Underwriting Assured in multiples of 1,00,000) Premium (Rs.) Based on minimum basic sum Based on maximum basic sum assured assured Premium Payment Mode Annual/ Half-yearly/ Quarterly/ Monthly * All reference to age is as on last birthday. Commission: As per RBI circular: RBI/2009-10/225 dated November 16, 2009, following are the details of the comparative commission earned by HDFC Bank from Insurance (Life), whose products are being distributed: Commission, Brokerage and trail from Life Insurance 2nd year Renewal Category First Year Commission Commission Min Max Min Max Health 2% 35% 0% 7.50% Pension 0.50% 7.50% 0% 2% Protection 2% 35% 0% 2% Savings & Investment 0.50% 30% 0% 3% Group Product* 5% 5% 0% 0% Note: The commission varies depending upon the Product in each category, tenure, amount of premium and premium paying term *For Group Products commission payable is 5% of the premium with a ceiling on the maximum payout as defined by Insurance Regulatory and Development Authority of India (IRDAI) from time to time. Important Disclaimer: This product is underwritten by Tata AIA Life Insurance Company Limited. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. All applicable taxes, duties, surcharge, cesses or levies, as may be imposed by Government, any statutory or administrative authority from time to time, on the premiums payable and benefits secured under Policy, shall be borne and paid by the Policyholder. Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Tata AIA Life Insurance Company Ltd does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefit available to you. Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Rider (UIN:110B028V01) is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider, please contact your nearest HDFC Bank branch. This plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance. In case of Sub Standard lives, extra premiums will be charged as per our underwriting guidelines. Insurance cover is available under this product. UIN: 110N129V02 | L&C/Advt/2017/Jul/223 HDFC Bank Limited (4621612) (IRDAI Registration No: CA0010) is the Corporate Agent of Tata AIA Life Insurance Company Limited and does not underwrite the risk or act as an insurer. HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the insurance products is purely on a voluntary basis. The contract of insurance is between Tata AIA Life and the insured and not between HDFC Bank and the insured. For any information including cancellation, claims and complaints, please contact our Insurance advisor or visit Tata AIA Life’s nearest branch office or call 1-860-266-9966 (local charges apply) or write to us at customercare@tataaia.com. Visit us at: www.tataaia.com or SMS 'LIFE’ to 58888. Tata AIA Life Insurance Company Limited (IRDAI Regn. No.110) CIN - U66010MH2000PLC128403 Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400013 Beware of Spurious Phone calls and Fictitious/Fraudulent offers: IRDAI clarifies to public that: IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number. Frequently Asked Questions (FAQs): What is Tata AIA Life Insurance Sampoorna Raksha? Tata AIA Life Insurance Sampoorna Raksha is a pure term insurance plan that provides financial protection to your family and offers you the flexibility to choose the plan that suits your need. You may opt to receive either a Lump Sum benefit on Death or a Lump Sum benefit on Death along with Monthly Income for next 10 years while also enjoying the flexibility to enhance your life cover. What are the key features of this plan? Flexibility to choose from 4 Death Benefit options: o Option 1 - Lump Sum benefit on Death o Option 2 - Lump Sum benefit on Death & Monthly Income for next 10 years o Option 3 - Enhanced Sum Assured as Lump Sum benefit on Death o Option 4 - Enhanced Sum Assured as Lump Sum benefit on Death & Monthly Income for next 10 years Life Cover for Policy Term up to 40 years or 80 years of age Choice of Regular or Limited (5 or 10 Years) Premium Paying Term Lower premiums rates for Non Smokers and Female lives Enhance your protection with Optional Rider Large Sum Assured discount for Higher Coverage What are the age limits for this plan? Minimum Entry Age 18 years Maximum Entry Age For Regular Pay - 70 years For Limited Pay 5 – 70 years For Limited Pay 10 – 65 years Minimum Maturity Age 28 years Maximum Maturity Age 80 years All ages are as on last birthday. What is the Policy Term available in this plan? Sampoorna Raksha provides a Policy Term of 10 - 40 years for regular and limited (5 pay), and Policy Term of 15 – 40 years for limited (10 pay). What is the Premium Payment Term available in this plan? Sampoorna Raksha provides a flexibility to choose a regular pay option or a Limited Premium Payment term of 5 years or 10 years. What is the sum assured offered by Sampoorna Raksha? Sampoorna Raksha offers a basic sum assured of INR 50,00,000 and above. What is Enhanced Sum Assured on Death?
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