Tata AIA Life Insurance iRaksha Trop

Product Overview

An Online Term Insurance Plan with Return of Premium

One of our key priorities is to ensure that our loved ones are never wanting in terms of financial resources to live the life of their dreams. We want to protect their standard of living as well as ensure that any unfortunate event does not place on their shoulders the burden of our debts & loans.

Presenting the Tata AIA Life Insurance iRaksha TROP (an online term insurance plan with return of premium), a plan that is the ideal solution to provide a strong 'foundation' to protect the income of our loved ones. Tata AIA Life Insurance iRaksha TROP is a non- linked non – participating online term plan which not only will ensure peace of mind due to financial protection provided to your family during the term of the policy but also return the Total Premiums Paid1 at the end of the policy term.

All this at your convenience of location and time, all the advantages of a hassle free 'online' purchase. Financial protection is just a click away.

1Total Premiums Paid means amount equal to the total premiums paid during the premium paying term of the policy. Such amount should be excluding interest, tax, underwriting extra premium and loading for modal premiums, if any.

L&C/Advt/2015/Aug/408

Key Benefits

  • One plan- two benefits
    1. Protection - Life Insurance coverage against unfortunate demise
    2. Return of Premium – In case of survival till Maturity, returns Total Premiums Paid1
  • Choice of premium payment to suit your convenience
    1. Regular Pay – pay premium till end of chosen policy term
    2. Limited Pay – pay premium for a limited period of 5 or 10 years and stay covered for a longer period
    3. Single Pay – pay premium once for coverage over the entire policy term chosen
  • Benefit from a healthier lifestyle through preferential Premium Rates for Non-Smokers.
  • Female customers can avail the benefit of lower rates
  • Discount on rates for customers opting for higher level of protection
  • Tax benefits u/s 80C & 10(10D) of the Income-Tax Act, 1961

1Total Premiums Paid means amount equal to the total premiums paid during the premium paying term of the policy. Such amount should be excluding interest, tax, underwriting extra premium and loading for modal premiums, if any.

Disclaimers

  • 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.
  • Tax benefits and liabilities under the Policy are subject to prevailing tax laws. Tax laws and the benefits arising thereunder are subject to change. The Policyholder is advised to seek an opinion of tax advisor in relation to the tax benefits and liabilities applicable.
  • All Premiums are subject to applicable taxes, cesses & levies which will entirely be borne by the Policyholder and will always be paid by the Policyholder along with the payment of Premium. If any imposition (tax or otherwise) is levied by any statutory or administrative body under the Policy, Tata AIA Life Insurance Company Limited reserves the right to claim the same from the Policyholder. Alternatively, Tata AIA Life Insurance Company Limited has the right to deduct the amount from the benefits payable by Us under the Policy.
  • Insurance cover is available under this product.

For any information including cancellation, claims and complaints, please contact our Insurance Advisor/ Intermediary 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 or SMS 'LIFE’ to 58888

Tata AIA Life Insurance Company Ltd. (IRDA of India Regn. No.110) CIN No. 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

IRDA of India clarifies to public that

  • IRDA of India or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDA of India does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.