Tata AIA Life announces a new term insurance ‘Sampoorna Raksha Promise’

Tata AIA Life Insurance, has announced a new term insurance ‘Sampoorna Raksha Promise’ that comes with innovative features and benefits. Keeping in mind that the family may have to incur urgent expenses on the demise of the key member, it offers instant payout of Rs. 3 lakhs on death claim intimation. When diagnosed with a terminal illness e.g. cancer, the consumer is paid 50% of the sum assured, even as the future premiums are waived, and policy benefits continue to accrue.