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Tata AIA Maha Raksha Supreme Select is a non-linked, non-participating, pure risk individual term insurance plan from Tata AIA Life Insurance, and the upgraded successor to Maha Raksha Supreme. It pays your nominee the sum assured if you die during the policy term, and cover can run up to age 100. The plan offers four options: Life Secure is plain term cover, Life Secure Plus returns 100% of the premiums paid at maturity, and the two Joint Life options cover both spouses under one policy. A terminal illness diagnosis pays 50% of the base sum assured and waives all future premiums. An instant death payout of ₹3 lakh is available within one working day of claim registration on eligible policies. You can raise your cover at life milestones through the Life Stage and Top-Up options, defer premiums with Flexi Pay, and extend the policy term by renewing at maturity. The basic sum assured starts at ₹25 lakh with no upper limit, subject to underwriting.
Four plan options, joint-life cover for spouses under one policy, and a terminal illness benefit of 50% of the base sum assured.
Maha Raksha Supreme Select is aimed at buyers who want a large cover and the flexibility to grow it as life changes. Cover till age 100, the terminal illness benefit with premium waiver, the option to increase cover at milestones and the cover continuation option for a surviving spouse make it more customisable than a basic term plan. The ₹3 lakh instant payout is useful, but it applies only to eligible policies with an effective sum assured of ₹1 crore or more, only to non-early and non-investigation claims, so do not count on it for smaller covers. The return of premium options cost much more than plain Life Secure and give back only the premiums, with no interest, so most buyers are better off with Life Secure and investing the difference. Tata AIA lists four plan options, but not all of them may be open for purchase at a given time, so check the calculator before you plan around joint life or return of premium. Compare the final premium with Sampoorna Raksha Promise, since both are Tata AIA flagship term plans with similar structures.
Tata AIA
Key Insights
Founded
2001
Tata AIA was established 25 years ago and has built strong credibility over time, backed by its long-standing presence in the market.
Claims Experience
99.4% CSR, calculated as a 3-year average
Tata AIA settles 99.4% of all claims it receives, demonstrating strong credibility.
Contact Details
1860 266 9966
Headquarters: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400013, Maharashtra, India.
Life cover can continue up to age 100, so protection does not stop when most term plans end.
If you are diagnosed with a terminal illness, a lump sum equal to 50% of the base sum assured is paid.
On a terminal illness diagnosis, all future premiums are waived.
A ₹3 lakh amount is paid within one working day of claim registration, and the rest of the sum assured is paid after the claim is processed.
Applies to eligible policies with an effective sum assured of ₹1 crore or more, for non-early (after 3 years) and non-investigation claims.
Life Secure Plus and Joint Life Secure Plus return 100% of the total premiums paid, excluding loading for modal premiums and discounts, if you survive the policy term.
Premium is much higher than Life Secure.
Pays an additional sum assured if death is caused by an accident.
Check rider terms and extra premium.
Pays a lump sum on diagnosis of a covered critical illness, reportedly without reducing the base cover.
Confirm the covered illness list and whether the payout is non-accelerated.
Conditions or treatments that the policy clearly says it will not cover.
Insurer
Tata AIA plans and claim process
It is a pure risk term insurance plan from Tata AIA Life Insurance. Your nominee receives the sum assured if you die during the policy term, and cover can run up to age 100. It is the upgraded successor to Maha Raksha Supreme.
Tata AIA lists four options: Life Secure, Life Secure Plus (return of premium), Joint Life Secure and Joint Life Secure Plus. Check the Tata AIA calculator to see which of these are open for purchase when you apply.
Entry age is 18 to 65 years, and the maximum maturity age is 100 years. Some sales channels may close entry earlier for certain options.
Disclaimer: Premium amounts are indicative and may vary based on age, health, and plan selected. Claim settlement ratios are from IRDAI Annual Reports. Finzony is not an insurance broker or agent. Verify all details on the official Tata AIA website before purchasing.
Official Website
tataaia.com
Visit the official Tata AIA website for plan brochures, premium quotes and policy services.
The aforementioned ratios have been averaged over three years (FY24-FY26)
A wellness-linked rider that rewards healthy habits.
Confirm benefits and eligibility with Tata AIA.
A wellness-linked health rider offered with Tata AIA term plans.
Confirm benefits and eligibility with Tata AIA.
The minimum basic sum assured is ₹25 lakh as per the product design, with no upper limit subject to underwriting. Some benefits, such as the ₹3 lakh instant payout, apply only on higher covers of ₹1 crore or more, and some bank channels sell the plan from ₹1 crore.
Life Secure and Joint Life Secure pay nothing if you survive the term. Life Secure Plus and Joint Life Secure Plus return 100% of the total premiums paid, excluding loading for modal premiums and discounts, if you survive the term. These options cost much more.
If you are diagnosed with a terminal illness, a lump sum of 50% of the base sum assured is paid and all future premiums are waived. The death benefit paid later is reduced by the amount already paid.
Your family can receive ₹3 lakh within one working day of claim registration, and the rest of the sum assured is paid after the claim is processed. It applies to eligible policies with a high enough sum assured and to non-early, non-investigation claims.
Under Joint Life Secure and Joint Life Secure Plus, the surviving spouse can choose to continue cover by taking a single premium policy under the cover continuation option.
Maha Raksha Supreme Select is the upgraded version of Maha Raksha Supreme, which is no longer sold. It adds more flexible options and a more structured rider framework, so buy the Select version.