Tata AIA Life Insurance Sampoorna Raksha Supreme is now more powerful with the benefits of Tata AIA Vitality Riders [Business Wire India]

Bombay, January 30 — As the purest and most effective form of life insurance coverage available, term insurance plans protect policyholders and their families from life’s uncertainties. However, the work schedules that occupy us daily have changed our way of life and have affected us. Tata AIA Life Sampoorna Raksha Supreme and Vitality Protect Rider provide comprehensive protection with wellness benefits for those who wish to safeguard their family’s future.

Tata AIA Vitality is a globally recognized science-based wellness program that helps consumers understand and improve their health while rewarding them. By enrolling in the wellness program, consumers receive an initial discount of up to 5% on your premium. The premium reduction in subsequent years may increase or decrease based on their wellness status (decided based on their levels of engagement, completion of health assessments, achievement of fitness goals, etc.).

The Sampoorna Raksha Supreme product allows customers to opt for a stronger protection coverage with Tata AIA Vitality Protect Rider and Tata AIA Vitality Health rider. These are unbound endorsements, which allow consumers to choose their protection against a range of health conditions, remain protected against uncertainties such as death, accidental death and disability, critical illnesses, etc. and also help them get their fitness goals on track to make positive health and lifestyle changes, while rewarding them with premium discounts!

The Tata AIA Vitality Protect rider provides coverage against a range of perils and consumers can opt for coverage against one or more perils depending on their needs by choosing from the following benefit options:

Term Booster – The benefit is paid at the earliest in the event of death or diagnosis of terminal illness

Accidental Death – The benefit is paid in the event of death due to an accident. Double compensation is paid in the event of an accident under specified circumstances, for example accidental death while traveling on public transport such as bus, tram or train.

Accidental total and permanent invalidity – The benefit is paid in the event of accidental total and permanent invalidity due to an accident. A double benefit is paid in the event of an accident under specified circumstances, for example accidental invalidity while traveling on public transport such as bus, tram or train.

CritiCare Plus – Provides protection against 40 serious diseases, including cancer and heart disease. Upon diagnosis of one of the covered conditions, the sum of the insured rider will be paid.

Accelerated CritiCare – Provides protection against 40 critical illnesses, including cancer and heart disease. Coverage for this option will be the Accelerated Sum Insured of the Base Plan.

The Tata AIA Vitality Health provides coverage against a range of risks. You can opt for coverage against one or more risks according to your needs by choosing from the following benefit options.

HospiCare – Pays a fixed amount on hospitalization and on admission to intensive care. Additional recovery benefit in the event of hospitalization of 7 days or more

Accidental Disability Care – Covers both total or partial permanent disability due to an accident. Under this option, double benefit payable in the event of an accident under specified circumstances, for example an accident while traveling on public transport such as bus, tram or train). – Multiple claims allowed in case of partial disability

Death Benefit Payout – Highlights of Tata AIA Sampoorna Raksha Supreme Life Insurance

Multi-stage CritiCare – 39 critical illnesses covered, including minor-stage illnesses

Cancer Care – Covers early and advanced cancers

Cardiac Care – Covers 14 minor heart conditions plus 8 major heart conditions

The product also offers a whole life coverage option up to 100 years. Premium payment terms under the term and term plan with refund premium variants are 5 years, 10 years, 12 years, single payment and regular payment.

About Tata AIA Life

Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture formed by Tata Sons Pvt. ltd. and AIA Group Ltd. (IAA). Tata AIA Life combines Tata’s preeminent leadership position in India and AIA’s presence as the largest independently listed pan-Asian life insurance group in the world, covering 18 markets in the Asia Pacific Region.

About Tata Group

Founded by Jamsetji Tata in 1868, the Tata Group is a global company, headquartered in Indiacomprising 30 companies across ten verticals.

The group operates in more than 100 countries on six continents, with a mission “to improve the quality of life of the communities we serve around the world, through the creation of long-term value for stakeholders based on leadership with confidence “.

Son of Tata is the principal investment holding company and promoter of the Tata companies. Sixty-six percent of the share capital of Son of Tata is held by philanthropic trusts, which support education, health, livelihood generation, art and culture.

In 2021-22, the turnover of the Tata businesses, taken together, was $128 billion (INR 9.6 trillion). These companies collectively employ more than 935,000 people.

Each Tata company or business operates independently under the direction and supervision of its own Board of Directors. There are 29 publicly listed Tata companies with a combined market capitalization of $311 billion (INR 23.6 trillion) as on March 31, 2022.

Companies understand Tata Consulting Services, Tata Motors Tata Steel, Tata Chemicals, Tata Consumer ProductsTitan, Tata Capital, Tata power, Indian hotels, Tata Communications, Tata digitaland Tata Electronics.

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) constitute the largest independently listed pan-Asian life insurance group. It is present in 18 markets – branches and wholly-owned subsidiaries in Mainland China, Hong Kong SAR, Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Burma, New Zealand, The Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macao SAR, and a 49% joint venture in India.

The company that is now AIA was established in Shanghai over a century ago in 1919. It is a market leader Asia (ex-Japan) based on life insurance premiums and holds leading positions in the majority of its markets. She had total assets of US$302 billion of the June 30, 2022.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, creditor life insurance and pension services to corporate clients. Through an extensive network of agents, partners and employees across AsiaAIA serves the owners of more than 40 million individual policies and more than 17 million members of group insurance plans.

AIA Group Limited is listed on the main board of The Hong Kong Stock Exchange Limited under stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (stock symbol: “AAGIY”). Published by HT Digital Content Services under license from Business Wire India. If you have any questions about this article or any other content requirements, please contact the editor at [email protected]