Tata AIA is steadily building a reputation as one of the most reliable life insurers in India. They offer a good combination of trust, innovation, and affordability. Tata AIA's term plans have always been a popular choice for people seeking a financial safety net for their families. Tata’s brand name, coupled with good term insurance policies and a consistent record of product innovation and underwriting practices, the company continues to make strides in the industry. Keeping up with this legacy, they recently launched the TATA AIA Sampoorna Raksha Promise (SRP).
The Tata AIA Sampoorna Raksha Promise plan is the new and improved version of Sampoorna Raksha Supreme. This updated plan has been designed with additional features, making it a more well-rounded offering than its predecessor. So, in this article, I will explain what this plan offers, how it differs from the earlier version, and whether it’s a good term insurance plan in 2025.
The actual “best” plan can vary based on individual needs, so it’s critical to do personal research or, better yet, speak to one of Ditto’s IRDAI-certified experts and get solid insurance advice. Book a 30-minute call with us today!
Quick Review of Tata AIA Sampoorna Raksha Promise Term Insurance Plan in 2025
The Tata AIA Sampoorna Raksha Promise is a good entry-level term insurance plan available in the market. Where the earlier Sampoorna Raksha Supreme (SRS) was already appreciated for its robust core features, this new plan takes it a notch higher.
Some of the notable features in the Sampoorna Raksha Promise plan include the Top-up option, life stage benefits, and terminal illness cover. Additionally, it offers riders such as accidental death benefit and total and permanent disability, giving you extensive control in making your plan your own.
Also, do note that Sampoorna Raksha Promise replaces Supreme, and here are the major differences:
| Particulars | Sampoorna Raksha Supreme (SRS) | Sampoorna Raksha Promise (SRP) |
|---|---|---|
| Accidental Death Benefit (ADB) | ADB coverage is highly dependent on the underwriting team’s specific approvals and limits. | Can opt for Accidental Death Benefit up to the same amount as the base Sum Assured (still subject to underwriting). |
| Current Status | Discontinued | Newer plan that officially replaces SRS. |
| Waiver of Premium | No | Yes |
| Discounts (Only for the first year) | 7% 1st year digital discount, 5% Vitality discount (if Vitality variant is selected) | 8.5% first-year discount for salaried people; 10% digital discount; 2% (up to ₹500) on life milestones like childbirth, home loan, marriage, etc; 12% discount for Tata Group Staff |
Should you buy the Tata AIA Sampoorna Raksha Promise?
1. Tata AIA as an Insurer: Before discussing the plan's specifics, it's important to have a brief overview of the insurer itself. Tata AIA Life Insurance is a joint venture between Tata Sons (51%) and AIA Group (49%). This brings together Tata’s popularity and AIA’s global expertise in the insurance industry. The insurer has shown steady growth over the past few years, especially in terms of operating revenue, and is gradually increasing its foothold in the Indian life insurance market.
Their operating revenue has grown from ₹5,358 crore in 2021 to ₹8,898 crore in 2024, which is over a 66% increase in just 3 years. They also have a good claim settlement ratio at 98.91% and an amount settlement ratio of 95.1% over the last three years. It has also had a complaint volume of only 3 per 10,000 claims every year for the last 3 years. This is one of the lowest in the industry and speaks volumes about the quality & proficiency of its claim settlement experience (since complaints are mostly registered over issues with claim settlement).
2. In-built features of Tata AIA Sampoorna Raksha Promise: As for the plan, the Sampoorna Raksha Supreme was already well-regarded for offering features like death benefit payout flexibility, terminal illness cover, and some rider options. However, had a sub-par critical illness rider. The major change in Sampoorna Raksha Promise is that they address this gap.
The Critical Illness (CI) rider in the TATA AIA Sampoorna Raksha Promise (SRP) comes with a 90-day waiting period and a 14-day survival period. It is also a non-accelerated payout, meaning the critical illness benefit is paid out separately and does not reduce your base coverage.
Note: One often gets confused with waiting period and survival period. So, let me clear up the confusion. Waiting period is the initial window of time after your policy begins during which you are not eligible to file a claim, no matter if a covered event occurs. On the other hand, the survival period is the minimum duration from the diagnosis you must outlive (like a critical illness diagnosis) to receive the insurance claim. Essentially, you must survive beyond that timeframe to qualify for the payout.
Features of Tata AIA Sampoorna Raksha Promise Term Insurance Plan
| Features | Details |
|---|---|
| Variants | Life Promise | Life Promise ROP |
| Minimum Cover Amount | ₹50 lakhs |
| Maximum Cover Amount | No upper limit (subject to underwriting guidelines) |
| Entry Age | 18-65 years |
| Maximum Coverage Age | Up to 100 years |
| Documents Required | Bank details Proof | PAN Card | Permanent and Current Address Proofs | Income Proof | NACH if applicable | Medical History Documents |
| Available Riders | Critical Illness Rider (40), Accidental Death Benefit (ADB) | Accidental Total and Permanent Disability (ATPD) | Hospicare Rider (Vitality Health) | Waiver of Premium on Critical Illness (WOP on CI) | Waiver of Premium on ATPD | Payor Accelerator Benefit (Terminal Illness) |
Note: Depending on the plan option (Life Promise vs. Life Promise Plus ROP) and whether Vitality is selected, some riders or in-built features may or may not apply. For instance, if Vitality is chosen, then Waiver of Premium on CI/ATPD is not applicable.
The plan offers flexibility with its variants and allows you to choose how you want your family to receive the payout — whether as a lump sum, monthly income, or a combination of both. The life stage benefit rider also lets you increase the coverage during the policy term, which is useful if your income grows or your financial obligations increase over time.
Other Features of TATA AIA Sampoorna Raksha Promise:
TATA AIA Sampoorna Raksha Promise Plan is a solid pick and a comprehensive policy. The plan offers a diverse list of features, including options across benefit payout, life stage perks, terminal illness perks, and more. Here is a look at some of its features -
- Coverage: Under the TATA AIA Sampoorna Raksha Promise Plan, the insurer offers coverage of at least ₹50 lakhs, with no upper limit. This exhaustive range is the perfect financial substitute for pretty much anyone looking to buy a policy.
- Death Benefit: Upon the policyholder's death, the insurer pays the base cover amount as a death benefit to your beneficiary. However, to ensure financial flexibility and offer customization on the disbursal of this amount, the Sampoorna Raksha Promise policy offers you death benefit options -
| Feature / Variant | Life Promise | Life Promise (ROP) |
|---|---|---|
| Maturity Benefit | ✘ | ✔ |
- Life Stage Benefits: Under this perk, in the event of any of the significant life stage events like childbirth, marriage, or home loans, your cover amount gets boosted by a pre-decided percentage.
| Life Stage | Maximum Boost in the Base cover amount |
|---|---|
| Marriage | 50% |
| Adoption/Birth of 1st child | 25% |
| Adoption/Birth of 2nd child | 25% |
| Home loan | 100% (subject to the total amount of home loan disbursed) |
- Terminal Illness Benefit: In case you are diagnosed with a terminal ailment and the doctor gives a written declaration that you only have 180 days to live, the insurer offers you an of 50% of the term insurance death benefit amount, which can be used at your discretion to fund your treatments, for savings, etc.
- Flexi Pay: Flexipay is a feature that allows you to postpone your premium payment for up to 12 months from the premium due date without losing coverage. Each deferral must be followed by a gap of at least five policy years before Flexipay can be used again. There is no limit on how many times you can use this, so long as the five-year gap rule is met. In order to use this, you must notify the insurer at least 20 days before the premium due date.
- Instant Payout on Claim Intimation: For policies with a cover amount of ₹1 crore or more, the insurer offers an instant payout feature that provides an accelerated death benefit of ₹3 lakh within 24 hours of registering the claim. This offers interim financial support during the claim process. However, you can avail yourself of this feature only after the policy is in force for at least three years. And if the claim is rejected eventually, the insurer can reclaim the ₹3 lakh payout.
3. Available Riders in Tata AIA Sampoorna Raksha Promise
TATA AIA Sampoorna Raksha Promise is a comprehensive plan that covers most bases. Even as a standalone policy, this plan rarely has any caveats. However, when meeting customised requirements, policyholders need riders to make the plan worth its premium. So, here’s a look at the riders offered by this policy -
- Critical Illness Benefit: Sampoorna Raksha Promise has one of the best Critical Illness Riders in the industry. The shortest waiting period (90 days), a long list of 40 conditions covered, and coverage over and above the base sum assured make this rider the best in its category. This rider has no official limit and depends on the underwriting practices. There is also a five-year renewal clause, where the Critical Illness rider will be available only for 5 years initially, and you can renew it at this point, subject to the underwriting policy.
- Accidental Death Benefit: In case the policyholder passes away due to an accident, the insurer offers an additional amount of up to ₹2 crores. This rider is specifically useful and caters to those who travel frequently.
- Accidental Total Permanent Disability: The Accidental Total Permanent Disability Rider is an optional rider that protects you if you become permanently disabled due to an accident. This ATPD coverage can continue until the policy term ends or until age 85—whichever comes first. In the event of a disability that is on the insurer’s list, they pay out the rider cover amount, providing financial support when one can no longer work or earn income as before. You can also opt for a Waiver of Premium on ATPD, which relieves you of future premium payments. However, this is not available if you choose the Vitality wellness benefit.
- Hospicare: Hospicare is a rider tied explicitly to the Vitality wellness benefit. It offers financial support during hospital stays if you are hospitalized for at least 24 hours for medically necessary treatment of any illness or injury. While there is a waiting period of 90 days (for anything other than accidental hospitalization), there is no survival period. However, certain specific health conditions carry a two-year waiting period before you can claim this benefit. Do note that this is not a replacement for a good health insurance plan, and it only offers you a fixed payment for this duration. It does not ‘cover’ the hospital bills, as it is a non-indemnity policy. Here’s an article I wrote explaining the differences in depth.
Premium Rates and Affordability of the Tata AIA Sampoorna Raksha Promise (SRP) in 2024
When it comes to affordability, Tata AIA’s Sampoorna Raksha Promise is not the cheapest plan in the market, but it offers good value. The cost varies based on factors such as age, cover amount, policy duration, and the inclusion of riders. Lifestyle habits such as smoking also increase rates by at least 50%. And you must always disclose such habits or any pre-existing diseases or surgeries. Here’s a detailed article I wrote on term insurance eligibility if you’re interested in knowing more.
Compared to other popular term insurers, Tata AIA fares well in this regard. If you're comfortable with a slightly higher premium and Tata’s trust, Sampoorna Raksha Promise stands out as a good pick.
Pros and Cons of Tata AIA Sampoorna Raksha Promise (SRP) in 2025
Pros:
- No Negative Pincodes: One of the biggest advantages of this plan is that Tata AIA has no negative pincodes — a rare attribute that ensures the insurer doesn’t reject applications based on your location. Only one other insurer in the country, HDFC Life, shares this distinction. However, HDFC Life’s plans tend to be significantly more expensive, giving Tata AIA an edge on value for money.
- Good 30-day claim Settlement Ratio: Another strength is Tata AIA’s 30-day claim settlement ratio, which remains healthy and suggests consistent claim payout performance. The plan also has no upper limit for the cover amount, which means you can apply for large cover amounts subject to your income eligibility and underwriting approval.
- Comprehensive ATPD Rider: The Accidental Total Permanent Disability rider is robust and provides added security if a policyholder becomes permanently disabled due to an accident.
- Hospicare Rider: This is a unique rider that offers additional financial support for a hospitalization of at least 24 hours.
- Discounts: Tata AIA extends multiple discounts, such as an 8.5% salaried discount and 12% discount for Tata Group employees, making the plan more economical.
Cons:
On the downside, the plan’s premium rates are on the higher side, especially when compared to term insurance policies from Axis Max Life & Bajaj Allianz. While the features may justify the higher cost, it may still be a deterrent for buyers looking for affordability above all else.
Unique Features of the Tata AIA Sampoorna Raksha Promise Term Insurance Plan
Tata AIA Sampoorna Raksha Promise has a few unique features. For instance, if you have a cover amount above ₹1 crore and the policy is at least 3 years old, there is an instant payout feature where the insurer pays you ₹3 lakhs within one day of registering the claim. However, do note that if the claim eventually gets rejected, they will ask for this amount back. Apart from this, the Flexipay benefit allows you to defer a premium payment by up to 12 months while keeping the policy active.
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Conclusion: Is Tata AIA Sampoorna Raksha Promise (SRP) Worth It in 2025?
The Sampoorna Raksha Supreme was already a good feature-packed term insurance plan in the market, but the Sampoorna Raksha Promise is even better. The non-accelerated critical illness payout, wide illness coverage variants, and reliable claim settlement record make it a worthy contender for 2025.
That said, you should always compare your options to get the best deal. Feel free to use our Understand Your Policy tool to evaluate the Sampoorna Raksha Promise against other top term insurance plans and ensure it suits your requirements.
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