What is a guaranteed savings plan?

A guaranteed* savings plan is a life insurance solution that allows you to enjoy the dual benefits of a life cover and long-term, assured savings under the same plan. With a Tata group employee discount, you can pay reasonable premiums towards your savings policy, get life insurance coverage for your family and on maturity, get the guaranteed* income to fulfil your financial goals.

Why should I buy a guaranteed savings plan?

By purchasing a guaranteed* savings plan, you can select a policy term and a premium paying option as per your needs. This will help you save and grow your money over the long term. While you continue saving towards the policy regularly, the life cover under the plan will protect your family against any potential financial uncertainties throughout the policy term. As a Tata group employee, you can also enjoy a Tata group employee discount of up to a 20% discount^ on your premiums paid for the first policy year. This means you save more on your guaranteed* savings plan with this offer. When the policy matures, the guaranteed* savings will be paid out as a maturity benefit so that you can meet your financial obligations. Be it for your family or for your personal needs, this corpus can help you achieve all of these goals without being financially dependent on anyone else.

Is buying a savings plan policy online safe?

Yes, buying a savings plan policy online is safe as your personal and financial details are safe. You can securely access the official Tata AIA Life Insurance website, browse through our savings plans and select the one that perfectly meets your needs. The checkout process is seamless and our digital payment options are secure so that you can complete your online transactions safely.

Is there any discount for Tata Group employees?

Yes, there are Tata life insurance plans group employee offers that are applicable for all Tata group employees across different verticals. These discounts enable you, as a Tata group employee, to get up to a 20% discount^ on your first year’s policy premium. When filing a claim on your savings policy, you can avail of the Express Claim4 Service, which allows us to process your claim in a matter of hours.

What are the benefits of Tata AIA Fortune Guarantee Plus?

Tata AIA Fortune Guarantee Plus offers the following benefits: Choose a flexible policy term and get guaranteed* income with comprehensive life insurance coverage. Select any plan option to get either regular income or regular income with an inbuilt critical illness benefit. The savings plan also offers a return on the total premiums% paid at the end of the policy term to boost your savings. Get a Joint Life policy and financially secure your partner under the same policy. Avoid paying separate premiums or buying multiple life insurance policies with this option. With a Tata group employee discount^, avail of exclusive benefits such as the Express Claim4 Service for swift claim settlement. Choose one or more optional riders^^ to enhance your policy coverage for a nominal cost and stay protected from unforeseen risks. As a Tata group employee, you can also enjoy the Tata AIA Fortune Guarantee Plus employee discount^ on your overall premiums for the first policy year. Get Income tax# benefits as per applicable income tax laws

How fast is the claim settled?

With a Tata AIA Fortune Guarantee Plus employee discount, you can enjoy the exclusive Express Claim4 Service. Here, your beneficiary can submit their documents to our agent, after which the claim process will be initiated. You can, thus, receive your claim settlement within just 4 hours!

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Tata AIA Maha Raksha Supreme Select

Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V08)

Make the most of Tata Employee offer & stay fikar-free

Tata AIA Maha Raksha Supreme Select a popular term insurance plan offering comprehensive, customizable life cover to safeguard your family’s financial future in your absence. With multiple tailored options, it ensures the right protection for your loved ones.

Key benefits of Tata AIA Maha Raksha Supreme

Get your Premium Amount Back¹

With Life Secure Plus and Joint Life Secure Plus plan options, you'll get back 100% of the total premiums¹ you've paid (excluding loading for modal premiums and discounts) at the end of the policy term as a maturity benefit.
Payor Accelerator Benefit

If diagnosed with a Terminal Illness, you'll receive a lump sum payment equal to 50% of the base sum assured. Additionally, you won't have to pay any future premiums.
Life Stage Option

Increase the coverage at any important events such as marriage, birth or adoption of 1st child, birth or adoption of 2nd child, or home loan disbursal with our Life Stage option.
Top-Up Benefit

It's important to consider inflation's impact on your finances. Our Top-Up benefit lets you annually increase your life cover by a certain percentage of the base sum assured to accommodate rising financial needs.
Cover Continuation Option

In case of the first death of either you or your spouse during the policy term under Joint Life Secure and Joint Life Secure Plus, the surviving life may choose to continue their life cover by taking a single premium policy under our cover continuation option.
Tax Benefits²

Premium paid for and payouts received under the policy are eligible for a tax² deduction and tax exemption benefit under Section 80C and Section 10(10D) of the Income Tax Act 1961.
Lower Premium for women

We offer 15% lower premium rate for women to make comprehensive protection more accessible.
Optional Riders

With our add-on riders³ under this term insurance plan, you can enhance the coverage for probable risk scenarios.
Renewability Option at Maturity

You can extend the policy term of your term plan by choosing to renew it at maturity. This option can be used up to 5 times.
FlexiPay⁴ Benefit

You can defer your premium payments for up to 12 months while keeping full coverage under your base plan and any riders. If a claim occurs during this period, the sum assured will be paid after deducting unpaid premiums. At the end of deferment, you'll need to pay all due premiums to keep the policy active. No additional premium and Interest is charged on deferred Premium.
Instant Payout⁵ on Claim Intimation

If the life insured passes away after 3 policy years, an instant death benefit of INR 3 lakhs will be paid within 1 working day. The remaining sum assured amount will be paid after the claim investigation is completed. No additional premium charged.
Save tax up to Rs. 46,800⁶ annually

Avail tax³ benefits as per the applicable Income tax laws.

Why Choose Tata AIA Life Insurance?

85 Lakh+

families protected so far¹¹
Rs 4,00,000+ Crore

Retail Sum Assured⁸
1 Lakh Crore+

Assets Under Management (AUM)⁹
99.13%

Death Claim Settlement Ratio⁷
500+ Branches

Presence across major cities in India
4 Hours

Express Claim Settlement¹⁰

¹⁰T&C apply

⁴T&C apply

Disclaimers

Tata AIA Maha Raksha Supreme Select: Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V08)
^*The premium discount shall be applicable on the premiums payable in the first year only for Tata Group employees. For regular and limited pay, this shall be 25% and for single pay, this shall be 2.5%.
¹If Return of Balance Premium option is chosen with any of the benefit option/s, an amount equal to the Total Premiums Paid (excluding loading for modal premiums) towards the benefit option, less any claim amount already paid out under the respective benefit option, shall be payable at the end of the benefit option term, provided the benefit option is not terminated.
²Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment 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.
³Riders 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. The below mentioned rider(s) are available with the base product:
- Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V04 or any subsequent version)
- Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN: 110B031V04 or any subsequent version)
- Tata AIA Vitality Protect (UIN: 110B046V04 or any subsequent version)
- Tata AIA Vitality Health (UIN: 110B045V03 or any subsequent version)
⁴With this feature, policyholder is allowed to defer the due premium for a period of 12 months while maintaining the full risk cover under the base plan and attached riders. At the end of Premium Deferment period, the policyholder is required to pay the due premiums, including the premium applicable for the period of Premium Deferment, i.e., the base cover premium and additional premium (if any). | FlexiPay Benefit shall be available for multiple times with a gap of 5 policy years from the expiry date of previous Premium Deferment. The option can be exercised only after payment of 5 full years premium. | No interest shall be levied on the premium due during the Premium Deferment period. If the premiums due are not paid within the grace period after expiry of the FlexiPay Benefit, the Policy (including Rider(s), if any) shall lapse and no benefits shall be payable in the Policy or the Rider(s), if any) and company shall be entitled to recover the same from any amounts or benefits payable under the Policy or Rider(s). | Please refer the sales brochure and policy document for more details.
⁵With this feature, instant death benefit of INR 3 Lacs from the Sum Assured will be paid within 1 working day from the claim registration date. This feature is applicable only after a waiting period of 3 policy years from the policy inception or revival of the policy and provided the policy is in force. The remaining SA shall be payable post the completion of the claim investigation. Further, in case of any discrepancy in the claim investigation resulting in the final decision of non-payment of the claim, the company reserves the right to recover the already paid amount. The acceleration of instant claim should not be construed/interpreted as acceptance of the claim. | On assessment of documents submitted during claim assessment, additional documents may be sought by the company. | Please refer the sales brochure and policy document for more details.
⁶Tax benefits of up to ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000 as per old tax regime. Tax benefits under the policy are subject to conditions laid under Section 80C, 80D,10(10D), 115BAC and other applicable provisions of the Income Tax Act,1961. Good and Service tax and Cess if any will be charged extra as per prevailing rates. The Tax Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
⁷Our Individual Death Claim Settlement Ratio is 99.13% for FY 2023 - 24 as per the latest annual audited figures
⁸Retail Sum Assured for FY2023 is Rs 4,43,479 Crores
⁹As on 03rd April 2024, the company has a total Assets Under Management (AUM) of Rs.100,099.11 Crores
¹⁰Applicable to only non-early claims more than 3 years of policy duration, non-investigation cases, up to Sum assured
¹¹85,76,889 families protected till 31st December 2024.
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).
In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
L&C/Misc/2025/Apr/0247.