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The whole life insurance policy offers you financial protection up to the age of 100. This is also called permanent life insurance, because the coverage lasts for the entire lifetime of the insured. Read more This policy offers a tax-free5 death benefit, plus it builds cash value over time so you can save for the future. This whole life policy is a reliable way to ensure the financial security of your loved ones and to plan for your own financial future. Read less
The whole life insurance policy offers you financial protection up tothe age Read more of 100. This is also called permanent life insurance, because the coverage lasts for the entire lifetime of the insured. This policy offers a tax-free5 death benefit, plus it builds cash value over time so you can save for the future. This whole life policy is a reliable way to ensure the financial security of your loved ones and to plan for your own financial future. Read less
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Get Life Cover of ₹1 Crore by paying a premium of
₹7,085/month (for 30 years)
₹8,287/month
Save ₹1,202 with discounts
Includes 10% digital + 8.5% salaried discount on 1st year premium
Excludes GST
Our sales representative will connect with you soon to assist further
Tata AIA Life Insurance Sampoorna Raksha Promise (A Non-Linked Non-Participating, Pure Risk, Individual Life Insurance Plan) • UIN: 110N160V7
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Whole life insurance policy is a type of life insurance policy that provides coverage for the entire lifetime, up to the age of 100. When the policyholder passes away, their beneficiaries receive a death benefit, ensuring their financial security.
This type of insurance not only provides coverage but also acts as a savings tool and provides tax5 benefits. This plan offers both death benefits and maturity benefits, allowing individuals to accumulate funds for achieving financial goals. By buying whole life insurance, you can develop saving habits and also secure the future of your loved ones.
Tata AIA
Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V07)
A whole life insurance policy gives you protection for your whole life, usually up to the age of 100. If you pass away during this time, your family gets a payout (Death benefit). To stay insured, you pay regular premiums. A portion of your premium is allocated to savings. This amount grows over time, and you are eligible to access it later. It is also called cash value.
If you outlive the whole life insurance policy, you get the sum assured plus applicable bonuses, subject to the policy terms. The policy helps your family financially if something happens to you and can also help you reach goals like buying a house or paying for your children’s weddings.
The following example can help you better understand the workings of this policy:
Ravi, aged 30, buys a whole life insurance policy with a sum assured of ₹1 Crore. He pays regular premiums every year. The policy covers him till the age of 100.
If Ravi passes away at any time before the age of 100, his family will receive ₹1 Crore as the death benefit.
If Ravi lives till the age of 100, he may receive the sum assured amount if he has chosen the return of premium3 plan option.
Whole life insurance policies provide financial protection for the entire lifetime of the policyholder, usually up to 100 years of age.
Offers lifetime coverage, so that your family can be secured under the policy until you are 100 years of age. The death benefit is paid on your death, securing your family's needs and covering potential emergencies.
Whole life insurance plans provide uninterrupted coverage until age 100, provided the premiums are paid on time, keeping your loved ones secure
Apart from receiving lifetime coverage, the major benefit of a lifelong insurance plan is the steady premiums. By buying a whole life policy early in life, you may secure your premium payment at a lower rate, even with a high sum assured.
Adding an optional rider4 to your life insurance policy can enhance the plan coverage since riders are designed to cover specific risks such as critical illness, accidental death, and so on.
The premium paid towards the policy qualifies for tax5 deductions under Section 80C of the Income Tax Act, 1961. Whereas the death benefit paid out to the beneficiaries is exempt from tax under Section 10(10D) of the Income Tax Act, 1961.
Feature |
Term Insurance |
Whole Life Insurance |
Coverage Duration |
Provides coverage for a specific period based on the policy term chosen. |
Offers lifelong coverage up to 100 years. |
Dependents |
Suitable if your dependents will eventually become financially independent. |
Suitable if dependents may remain financially dependent for life. |
Premium amount |
Lower premiums for temporary coverage. |
Relatively higher premiums for lifelong protection and benefits. |
Purpose |
Suited for temporary financial responsibilities (e.g., loans, children’s education). |
Suitable for lifelong financial security and legacy planning. |
You may get these benefits from buying a plan:
A whole life insurance policy provides financial protection and a sense of security. Your family is taken care of in the event of unfortunate events.
In these plans, you get the sum assured at the end of the policy's tenure. Additionally, it makes sure your family doesn’t face financial problems if you pass away unexpectedly.
Tax5 benefits are available for whole life policy premium payments and payouts under sections 80C and 10 (10D) of the Income Tax Act. As a result, it assists in long-term financial planning.
By paying premiums, whole life insurance plans accumulate wealth and contribute to wealth creation. It can be used to fulfil retirement goals or leave a legacy.
These policies provide you with a loan facility during emergencies. As a result, it proves useful in unexpected circumstances.
In the event of your death, a whole life insurance policy can provide financial support for your family. As a result, your children can continue their studies, and your parents can live a stress-free retirement without working.
Limited Payment of Whole Life Insurance: This type of life insurance requires you to pay a premium for a limited number of years, such as 15 or 20 years. Following that, you will be covered for the rest of your life by the policy. Due to the short period of time for paying premiums, the premiums may be higher than in other plans.Single Premium Whole Life Insurance Policy: Premiums are paid in one lump sum under this whole life policy. Upon paying a one-time premium, you can enjoy lifelong financial protection. For those with extra funds, this can be a suitable investment option.Modified Whole Life Insurance: Initially, you pay low premium amounts for this type of whole life insurance. Over time, the premiums will increase, but the coverage will remain the same. This kind of policy is suitable for people comfortable with paying high premiums.Joint Whole Life Insurance: Under this type of plan, two individuals are covered jointly. Upon the death of one of the policyholders, the other may claim the benefit. Survival benefits aren't usually included in these plans.Participating in a Whole Life Insurance Policy: These types of policies offer benefits in addition to variable bonuses linked to company growth. Dividends or bonuses can be a form of benefit. Dividends can be used to offset future premiums or earned as interest.Non-participating Whole Life Insurance Policy: Policies like these don't offer dividends or a share in the insurer’s earnings. The plan provides assured maturity benefits regardless of the company's earnings.Pure Whole Life Plan: In exchange for paying premiums, you receive lifelong financial coverage. Beneficiaries and nominees can receive death benefits after your death.Level Premium Whole Life Insurance: Premiums remain the same throughout the policy tenure and do not change. A nominee or beneficiary receives the sum assured upon the death of the policyholder.Indeterminate Premium: There is no fixed premium amount throughout the policy term. Depending on the costs, the companies may change the premium amounts.The following are some of the riders available with the whole life insurance policy:
Under this rider, if the policyholder is diagnosed with a critical illness or becomes permanently disabled, the future whole life premiums will be waived, and the policy will remain in force until the policy term ends.
This rider provides the nominee with an additional sum assured in the event of the policyholder's accidental death during the term of the policy. Payouts such as these can assist the family in meeting their monthly expenses and other financial obligations.
This rider will provide the sum assured if a policyholder becomes permanently disabled as a result of an accident. It can be used to cover any medical costs for the treatment of the disability.
When a critical illness is diagnosed during the policy term, this rider can assist with medical expenses incurred due to a critical illness that is included in the policy, such as an organ transplant or a serious heart condition. These diseases could lead to a temporary or even permanent loss of income, and the sum assured can help cover these costs.
This rider pays a fixed sum if the policyholder is hospitalised in general or in the intensive care unit. In addition to the basic sum assured, a percentage is paid to help the policyholder pay for medical bills and treatment expenses.
If the policyholder is diagnosed with a terminal illness during the policy term, the insurer will pay out the entire or part of the sum assured. If the rider pays part of the sum assured during terminal illness, the remaining part will be paid to the nominee upon the policyholder’s death.
Consider these factors when choosing a whole life insurance policy in India:
There are different types of whole life insurance policies that come with their own policy terms and premium paying terms. Depending on the features and benefits of the policy, the eligibility criteria may differ for each plan. However, here is a broad outline of the eligibility criteria of our bestselling term insurance plan – Tata AIA Sampoorna Raksha Promise (Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V07)
Minimum Entry Age |
18 years |
Maximum Entry Age |
60 years (For most term insurance plans) |
Maximum Sum Assured |
Subject to the Company’s underwriting guidelines. |
Though there may not be any restrictions or requirements for medical check-ups for purchasing whole life insurance, one may be advised to provide health and medical certificates in case of any past or potential health risks or family medical history.
Whole life insurance plans are flexible and designed to meet the varying needs of different policyholders. These are a few categories of policyholders for whom whole life insurance can be beneficial:
Our experts are happy to help you!
What is the meaning of whole life insurance?
Whole life insurance is a type of permanent life insurance, where the life assured is covered for the entire life (up to the age of 100 years), as long as premiums are paid on time.
What’s an example of a whole life insurance policy?
If a 30-year-old person purchases a whole life insurance policy then the coverage lasts till 100 years of his age. In case of any unfortunate during the policy term, the nominee will receive the sum assured amount. If the life insured has chosen a plan with Return of Premium option, then on survival he will get his premium amount back3.
What are the different types of whole life insurance?
The major types of whole life insurance policies are Traditional Whole Life Insurance, Limited Pay Whole Life Insurance, Single Premium Whole Life Insurance, Variable Whole Life Insurance, and Universal Life Insurance plans.
How long does it take to build cash value for whole life insurance?
A whole life insurance plan builds cash value after premium payments for the initial years. Once this value accumulates, the insured can surrender the policy as per the policy terms and conditions, though continuing coverage is generally recommended.
What is a death benefit in whole life insurance?
The death benefit in whole life insurance is the sum assured, fixed at policy inception. It provides lifelong coverage, ensuring your family receives financial support and can meet essential expenses after your death.
Who is eligible for whole life insurance?
Anyone who meets the insurer’s age and citizenship criteria can buy whole life insurance. Typically, eligibility includes Indian citizens aged from 18 to 60 years, depending on the policy.
Who needs whole life insurance?
Whole life insurance is well-suited for individuals who need long-term financial protection or want to build a cash value component alongside life cover.
Does the premium increase for whole life insurance if I get older?
Buying whole life insurance at a young age, like 20, ensures lower premiums. Purchasing later in your 40s or 50s leads to higher premiums due to increased health risks and age factors.
Is purchasing whole life insurance affordable?
Whole life insurance can be affordable if you choose the right policy and premium payment terms. Even with a high sum assured, you can use an online premium calculator to find a reasonable payment amount.
How long should I pay the premium for a whole life insurance plan?
You can choose the premium paying mode for your whole life insurance plan as per your preference. You can choose single pay, regular pay or limited pay option as per your needs.
How can I pay the premium for the whole life insurance plan after retirement?
If you want to avoid paying premiums after retirement, you can choose a single premium or a limited pay plan. This lets you pay the required premium at once or for a shorter term, so no premiums are due during retirement.
What should be the sum assured for the whole life insurance plan?
You need to choose a sum assured that covers your family’s financial needs. It should be enough to support them and pay for their expenses and goals, especially if you are the family’s only earning member. Ideally it should be 10 to 12 times your annual income.
How much does whole life insurance cost?
The cost of whole life insurance generally depends on factors like your age, health, sum assured, and premium payment term. Buying at a younger age usually means lower premiums, while higher coverage or older age can increase the cost.
How much whole life insurance coverage do I need?
To choose the right coverage, assess your family’s expenses, loans, and inflation. As per experts, the coverage must be equal to 10-12 times your annual income. You can use a human life value calculator to estimate the right amount.
Are there any riders available with the whole life insurance policy?
Yes, whole life insurance policies often offer riders4 such as critical illness cover, accidental death benefit, waiver of premium, along with accidental total and permanent disability cover to enhance your protection.
Can I avail of a loan against my whole life insurance plan?
Many whole life insurance plans offer a loan facility against the policy. However, there can be certain terms and conditions, such as a limit on the loan amount or a time point during the premium-paying term when you can get the loan.
Can I cash out from a whole life insurance plan?
Yes, you can cash out from a whole life insurance plan by surrendering it and receiving the cash value as per the policy terms and conditions. However, continuing the policy is advisable to get full coverage and maturity benefits.
Are early withdrawals permitted in a whole life insurance plan?
No, there is no provision for making any early withdrawals in a whole life insurance policy unless you choose to surrender the policy. In that case, the coverage is terminated, and you receive the surrender value of the policy.
What happens if I surrender my whole life insurance policy?
If you surrender your whole life insurance policy, you will receive the applicable surrender value of the policy at that time as per the policy terms and conditions.
What are the tax implications of whole life insurance?
The following are the tax implications of whole life insurance:
Premiums paid are eligible for tax5 deductions under Section 80C of the Income Tax Act, subject to the prevailing tax laws.
Additionally, the maturity amount is tax-free under Section 10(10D), subject to conditions.
Is it good to invest in a whole life insurance plan?
Investing in a whole life insurance plan is a suitable option if you want to ensure lifelong financial protection for your family. With this plan, you do not have to worry about renewing your policy as the coverage lasts until 100 years of age.
Does a whole life insurance plan provide a retirement income?
A whole life policy offers maturity benefits on survival if you choose a return of premium3 option or upon policy maturity. In case of your death during the policy term, your spouse can use the death benefit as retirement income.
Is whole life insurance a good plan for retirement?
Yes, whole life insurance with maturity and death benefits can support you after retirement. It offers lifelong coverage, ensuring you and your family remain protected even after retirement.
Is whole life insurance beneficial for senior citizens?
Yes, whole life insurance is beneficial for senior citizens because the coverage lasts a lifetime, so there’s no concern regarding policy expiry. With coverage up to 100 years of age1, the premium payment options are also convenient and affordable.
Can a whole life insurance plan help you leave a legacy for your family?
Yes, whole life insurance can provide complete financial security for your loved ones. The sum assured acts as a legacy, covering daily needs and serving as a trust fund for their future goals.
Is it necessary to purchase a whole life insurance plan for my child?
You can buy whole life insurance and nominate your child as the beneficiary to secure their financial future. If your child is a minor, you can appoint a guardian to manage the benefits until they are 18 years of age.
What happens if I survive the policy term for the whole life insurance plan?
If you survive the policy term with a return of premiums3 option, you will receive the total premiums paid as the maturity benefit.
Can I convert my term insurance plan to a whole life insurance plan?
If you have a convertible term insurance plan that is about to expire, you can choose to convert it to a whole life plan. However, it is subject to your insurer’s terms and conditions and the availability of a convertible term plan in their offerings.
Should I get term insurance or whole life insurance?
Choosing term or whole life insurance depends on your needs. Term plans cover a specific period, while whole life plans provide lifelong coverage, usually until age 100, without needing renewal.
Disclaimer
Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V07)
1Not applicable under PoS, Applicable for specific plan options. Please refer brochure for additional details.
2This includes first year digital discount of 10% for Limited Pay/Regular Pay and 8.5% salaried discount. For Single Pay, 1% discount will be available for online purchase and salaried discount each.
3Under Life Promise Plus Option, an amount equal to the 100% of the Total Premiums Paid (excluding loading for modal premiums) shall be payable at the end of the Policy Term, provided the life assured survives till maturity and the policy is not terminated earlier.
4Riders are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/Intermediary/ branch.
5Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. 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 benefits available to you.
6Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for ₹ 1 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option with first year premium discount for digital purchase and salaried person. Please refer Benefit Illustration for more details. Premium is subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.
This product is underwritten by Tata AIA Life Insurance Company Ltd.
Insurance cover is available under this product.
In case of non-standard lives, extra premiums will be charged as per our underwriting guidelines.
This plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.
For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
Premium will vary depending on the option chosen
Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs, and the Surrender Value payable may be less than the all the Premiums Paid.
In case of POS variant, the product is available with/without medical underwriting as per BAUP (Board Approved Underwriting Policy).
L&C/Advt/2025/Jul/2625
FOR EXISTING POLICY 
