Tata AIA- Raksha Plan

Name:  Tata AIA- Raksha Plan

Type of policy: Term Insurance

For buying policy: Yes

If holding policy: Continue

Term insurance is a fantastic product that every single family needs to have, for its earning member(s). It is a pure life insurance policy that gives your family a cover in case of an eventuality to the bread winner. A single term policy of adequate cover will suffice for entire insurance needs.

Tata AIA Raksha Plan is a pure term insurance policy which offers high coverage at low and an affordable premium which is best suited for people with high financial responsibilities. In such policies, if the policy holder dies then the nominee is given the sum assured. If the policyholder survives the entire term, then he does not get anything in return. There are no riders available in this policy. We recommend a standalone critical illness cover as that gives wider range of cover in terms of number of illnesses, renewability and comes at lower premium. Personal accident cover is really an additional expense to be avoided as it covers your life which is already covered by the term policy.

We typically recommend an insurance cover of 4-8 times your annual income and for as long a term as is available for your age. Find out the ideal cover for you using this calculator

Product features: 



Minimum age at entry

18 years

Maximum age at entry

50 years

Minimum Policy Term

10 Years

Maximum policy term

25 years or attainment of 59 years, whichever is earlier

Minimum sum assured

Not Specified

Maximum sum assured

No Limit


Returns: No survival benefit available at the end of the term. Pure insurance must be considered an expense and not an investment. Both insurance and investment give satisfying outcomes when dealt with separately.

Better alternative

Online policies with similar features can be bought at less than half the premiums on offline policies.

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