Maha Raksha Supreme Select

What this product is

A high-sum-assured term insurance plan (minimum ₹2 crore) offering flexible payout modes, life-stage cover increases, and a choice between pure protection and return-of-premium variants.

You might need this if…

• You might need this if you're looking for substantial cover - this plan's minimum sum assured starts at ₹2 crore, aimed at higher-income buyers.
• You might need this if you want the flexibility to increase your cover later at key life events (marriage, childbirth) without fresh medical underwriting.
• You might need this if you want to choose between a lower-cost pure term option (Life Secure) and a return-of-premium option (Life Secure Plus) depending on whether you want your premiums back if you outlive the policy.
• You might need this if a family member might need extra financial support beyond a lump sum - the plan can pay out as monthly income instead of, or alongside, a lump sum.
• You might need this if you're planning around pregnancy or short-term cash flow gaps - the plan offers a premium-deferment window and a pregnancy premium holiday for women policyholders.

How it actually works

• Entry age roughly 18-65 years, cover available up to age 100; minimum sum assured ₹2 crore with no stated maximum (subject to underwriting).
• Premium payment options include Regular Pay, Limited Pay, and Single Pay, in monthly, quarterly, half-yearly, or yearly frequency.
• Death benefit can be paid as a lump sum, as monthly income, or as a combination of both.
• Life Stage Benefit allows increasing cover by up to 50% at marriage or 25% per child, without new medical checks.
• A Terminal Illness benefit pays 50% of the sum assured if diagnosed with a terminal illness (life expectancy under 6 months), and waives future premiums.
• Riders available include Critical Illness (CritiCare Plus, covering around 40 illnesses), Accidental Total & Permanent Disability, Accidental Death Benefit, Waiver of Premium, Hospicare, and a wellness add-on; two plan variants exist - Life Secure (pure term) and Life Secure Plus (return of premium).

Worth knowing before you decide

• The ₹2 crore minimum sum assured makes this plan unsuitable for buyers wanting smaller cover amounts.
• The return-of-premium variant (Life Secure Plus) comes at a noticeably higher premium than the pure-protection Life Secure variant.
• The instant claims payout feature (around ₹3 lakh within a working day) is only available after the policy has completed 3 policy years.
• The underlying brochure PDF could not be accessed directly during research (blocked by the insurer's site rules); figures here are drawn from Tata AIA's official plan page and consumer-advisory sources rather than the full prospectus - confirm exact numbers before relying on them.

Official source

⌟ Official product brochure

Learn about this category

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