TATA Term Insurance for 1 Crore: Detailed Review, Premiums & Eligibility

When we talk about term insurance, a ₹1 crore cover sounds massive, and for good reason. In a country where the typical Indian earns just about ₹10,000–₹20,000 a month, ₹1 crore feels like a life-changing sum. At first glance, it seems big enough to secure a family’s financial future and comfortably support an entire generation’s day-to-day expenses.

Naturally, an insurer like TATA AIA leans into this perception. Their flagship plan, Sampoorna Raksha Promise, is widely positioned as the “1 Crore TATA Term Insurance” option, with ads suggesting premiums starting at around ₹500 a month.

In this blog, we’ll break down exactly what that means.

• How does TATA AIA’s ₹1 crore cover stack up against its competitors?
• Is ₹1 crore even enough in today’s world?
• What does it really cost once you account for riders, tenure, and age?
• And most importantly, is TATA AIA actually a good term insurer?

Let’s dig in.

Key Insight: TATA AIA performs strongly with a 99.21% claim settlement ratio, but what really stands out is its very low complaint volume (3 per 10,000 claims), which is significantly better than ICICI Prudential and Axis Max Life. While its business volume is moderate compared to giants like HDFC Life, its combination of high CSR, cleaner servicing, and consistent claims performance makes it one of the more reliable and stable term insurers in the market.

Now, let’s come to the plan itself.

TATA Term Insurance 1 Crore Cover: Sampoorna Raksha Promise Plan

TATA AIA Sampoorna Raksha Promise is available for individuals aged 18–65, offering coverage up to age 100. It requires a minimum annual income of ₹5 lakh, starts with a sum assured of ₹50 lakh, and allows for Single, Limited, or Regular premium payment options.

• The plan is available in two live variants: Life Promise and Life Promise Plus. The former offers pure term coverage, while the latter offers term coverage with a 100% premium return at maturity if the policyholder’s death does not occur during the policy term, although the premium increases by 50%-100% if you opt for the Life Promise Plus variant.
• The policy includes built-in features such as a 50% accelerated payout on terminal illness, a ₹3 lakh instant payout on claim intimation for 1 crore+ sum assured cases, premium deferment through Flexipay, cover enhancement at life stages, and an option that lets you pass on a legacy sum assured to your child.
• A unique advantage of TATA AIA’s SRP is access to unlimited online doctor consultations for Sum Assured of ₹50 lakh+ through the Health Buddy Program.
• Policyholders can enhance their protection with riders such as accidental death, total & permanent disability, critical illness cover, waiver of premium, Hospicare, and the new Super Retirement Benefit, which allows for exiting with a full premium refund after long-term policy continuation.

Premiums of TATA Term Insurance 1 Crore

The following are the second-year premiums for a sum assured of ₹1 crore, with coverage lasting until age 70 for a male, healthy, non-smoking resident of Delhi. No riders have been added.

Insights: Among major insurers, ICICI Prudential and Bajaj Allianz offer the lowest premiums for a ₹1 crore cover, while HDFC Life is the most expensive across both age groups. TATA AIA’s pricing falls in the mid-range, staying competitive but not the cheapest, especially for older buyers.

How Does The 1 Crore Term Insurance Plan Work?

TATA AIA’s Sampoorna Raksha Promise works simply, like most other term plans. Suppose the policyholder unfortunately passes away during the policy term. In that case, the nominee receives a payout of 1 crore rupees, either as a lump sum, monthly income, or a combination of both, at their discretion. The nominees can then use the said amount to manage and finance their lives in the absence of the policyholder.

Documents Required for 1 Crore Term Plan

The documents required for a 1 crore term plan from TATA AIA are the same as those for any other term plan. You can read about the necessary documents for purchasing term insurance and filing a claim on the linked blog.

Alternatively, you can check this infographic:

Eligibility Criteria for 1 Crore Term Insurance

In addition to the eligibility features mentioned under Sampoorna Raksha Promise, there are general eligibility criteria for term insurance. You can read about them in the linked blog.

Factors to Consider Before Buying a ₹1 Crore Term Plan

• Your cover should replace 10–15 years of income and account for rising expenses, kids’ education, spouse’s needs, and inflation.
• Home or education loans, elderly parents, a non-working spouse, or young children mean you’ll need more than ₹1 crore.
• Only subtract cover from active life insurance policies while calculating your required cover. FDs or mutual funds don’t count here as they are for wealth creation.
• Smokers or those with health conditions may pay more, but upgrading from ₹1 crore to ₹2 crore usually involves only a small premium.
• Insurers typically allow 10–25× your annual income. If your income is likely to grow, a ₹1 crore cover may soon become inadequate.

How to Determine the Right Coverage Amount

You can calculate your ideal coverage in minutes using this handy term insurance coverage calculator. If you want to know more about how we calculate the cover, please read up on this article on “How Much Term Insurance Do I Need?”

Why Talk to Ditto for Your Term Insurance? 

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Conclusion

TATA AIA is one of Ditto’s partner insurers, but it isn’t part of our current top recommendations. The insurer tends to be slightly more expensive than its peers, and we’ve observed occasional post-sales inconsistencies and operational delays. That said, TATA AIA continues to maintain an excellent claim settlement ratio and one of the lowest complaint volumes in the industry.

If you’re someone who values a strong track record, robust claims performance, and the trust associated with the Tata brand, the Sampoorna Raksha Promise plan remains a solid, feature-packed choice for a ₹1 crore cover.