Tata AIA Life Insurance has launched its latest term insurance product, Sampoorna Raksha Promise, setting a new benchmark in the industry with innovative features tailored to meet modern demands. This cutting-edge plan offers a host of benefits designed to provide unparalleled financial security and flexibility.
Sampoorna Raksha Promise guarantees an instant payout of INR 3 lakhs upon claim notification, helping families address urgent expenses swiftly. Additionally, policyholders diagnosed with a terminal illness will receive 50% of the base sum assured, with future premiums waived and policy benefits continuing unabated. The plan also features the unique Flexi Pay Benefit, allowing deferral of premiums by up to 12 months once every five years, catering to customers facing financial challenges.
Samit Upadhyay, President & CFO of Tata AIA, remarked, “With Sampoorna Raksha Promise, we are advancing beyond traditional term insurance to offer our clients immediate financial support and flexible payment options.” The new plan is expected to gain significant traction due to its robust features and adaptability. The city’s growing economic landscape and diverse demographic align well with the plan’s flexibility and comprehensive coverage, making it an attractive option for individuals seeking reliable and adaptable insurance solutions.
