Summary: Tata AIA Life Insurance Sampoorna Raksha Supreme is a non-linked, non-participating, pure-risk individual life insurance product issued by Tata AIA Life Insurance Company Limited. The current product page, brochure, policy wording and customer information sheet identify it as UIN 110N160V06. It is not an investment fund and does not participate in insurer profits. Its principal purpose is protection, although one of its four benefit options returns a defined percentage of premiums at maturity and another can pay a scheduled income while life cover continues under a reducing-benefit design.
The four choices—Life, Life Plus, Life Income and Credit Protect—do materially different jobs. A proposer should therefore read the benefit illustration and policy schedule, not infer cover from the product name. The brochure also permits a lump-sum death benefit, a staggered stream for up to 60 months, or a combination, subject to the chosen payout plan. An inbuilt Payor Accelerator Benefit advances part of the death benefit after an accepted terminal-illness claim; it is not a separate additional sum assured. Riders, where selected and accepted, are separate contracts with additional premium and their own exclusions.
| Verified item | Current position | Practical consequence |
|---|---|---|
| Issuer and registration | Tata AIA Life Insurance Company Limited; IRDAI registration no. 110 | The insurer—not an agent or comparison portal—is contractually responsible for the policy. |
| Product identity | Sampoorna Raksha Supreme; UIN 110N160V06 | Quote, proposal, benefit illustration and policy schedule should carry the same current UIN/version. |
| Product class | Non-linked, non-participating, pure-risk individual life insurance | No fund units, NAV or participating bonus arises under the base product. |
| Base sum assured | Minimum ₹1,00,000; maximum subject to board-approved underwriting policy | Advertised calculators do not guarantee issuance or a particular cover amount. |
| Premium modes | Single, annual, half-yearly, quarterly or monthly, subject to option and terms | Cash-flow convenience does not alter the need to keep every due premium current. |
| Individual-policy GST | Exempt for qualifying individual life insurance premiums from 22 September 2025 | The exemption does not convert riders, group covers or other supplies into exempt items unless the notification covers them. |
- Four benefit options and the obligations attached to each
- Life option: protection without a maturity payment
- Life Plus: death cover with a conditional return at maturity
- Life Income: income payments reduce the effective death cover
- Credit Protect: a reducing cover structure
- Death benefit, terminal illness and payout mechanics
- Minimum death-benefit tests
- Payor Accelerator is an advance, not extra cover
- Lump sum versus staggered benefit
- Underwriting, disclosures and policy continuity
- Medical and financial underwriting
- Grace, lapse, revival and reduced paid-up status
- Suicide exclusion and other claim conditions
- Claims, complaints and documents a family should organise
- GST and income-tax treatment in Tax Year 2026–27
- GST on the individual life policy
- Premium deduction and policy proceeds
- Frequently Asked Questions
- 1. Is Sampoorna Raksha Supreme a ULIP or participating savings plan?
- 2. Does every option return premiums at maturity?
- 3. Is the terminal-illness payment additional to the death cover?
- 4. Can the nominee choose a lump sum after staggered payouts were selected?
- 5. Does Life Income preserve the original death cover after income starts?
- 6. Is GST charged on current premiums for this individual term plan?
- 7. Can the section 123 deduction be claimed under the default tax regime?
- 8. What should a claimant do if a claim or complaint is delayed?
- Key Takeaways
Four benefit options and the obligations attached to each
Life option: protection without a maturity payment
Under the Life option, the policyholder selects a base sum assured, subject to underwriting. If the life assured dies while the policy is in force during the term, the stipulated death benefit is paid according to the selected payout plan, reduced by any Payor Accelerator amount already paid. If the life assured survives to maturity, no additional benefit is payable. That distinction matters: the Life option should be evaluated as risk transfer, not as a savings return.
Life Plus: death cover with a conditional return at maturity
Life Plus follows the same protection logic but adds a maturity amount equal to 105% of total premiums paid toward the benefit option, excluding modal loading, if the life assured survives the term and the policy has not terminated earlier. The wording does not promise 105% of every rupee collected: taxes, rider premiums, underwriting extras and modal loadings may sit outside the defined base. A buyer should compare the signed benefit illustration with the policy definition of total premiums paid.
Life Income: income payments reduce the effective death cover
Life Income combines death protection with monthly income beginning after the policy anniversary following the chosen start age of 55, 60 or 65. The income rate is selected at inception within the contractual range and cannot later be changed. Crucially, the effective sum assured for death-benefit computation is the base sum assured less total regular-income payouts due up to that time. The income is therefore not a free addition to an unchanged death cover; it progressively uses part of the economic benefit.
Credit Protect: a reducing cover structure
Credit Protect is designed around a changing effective sum assured. It is not a promise that an outstanding loan will automatically be discharged, and the nominee remains the policy claimant unless valid assignment or other arrangements apply. Loan balance, cover schedule and lender rights can diverge. Borrowers should separately confirm assignment, repayment dates and whether the effective cover matches the debt profile.
| Option | Benefit on death | Benefit on survival | Point to verify before signing |
|---|---|---|---|
| Life | Death benefit based on effective sum assured, less any accelerated terminal-illness payout | No additional maturity benefit | Chosen term, payout plan and whether Life Stage or Top-Up SA was selected |
| Life Plus | Protection benefit under the selected payout plan | 105% of defined total premiums paid, if conditions are met | Which collections are excluded from the maturity-value definition |
| Life Income | Death benefit based on effective cover after scheduled income due | Regular income from selected start age; no separate additional maturity benefit | Income rate, start age and cover-reduction effect |
| Credit Protect | Effective sum assured according to the reducing schedule | No additional maturity benefit | Whether the cover schedule tracks the actual loan and any assignment |
Death benefit, terminal illness and payout mechanics
Minimum death-benefit tests
For Life, Life Plus and Life Income, the brochure describes the death benefit for an in-force policy as the highest of the applicable single-premium or annualised-premium multiple, 105% of total premiums paid up to death, or the absolute amount assured to be paid on death. The annualised-premium and total-premium definitions exclude specified amounts such as taxes, rider premiums, underwriting extras or modal loading. The Credit Protect benefit is its effective sum assured on the date of death. These tests must be read with the policy schedule because additional cover tranches, previous terminal-illness payments and income payouts can change the final amount.
Payor Accelerator is an advance, not extra cover
On an accepted terminal-illness diagnosis meeting the contract definition, the Payor Accelerator Benefit pays 50% of base sum assured for Life or Life Plus, or 50% of effective sum assured for Life Income or Credit Protect. The policy can continue for the remaining cover, but due premiums remain payable. Later death benefits are reduced by the amount already advanced. The brochure defines terminal illness by reference to an incurable condition and medical opinions indicating a greater than 50% chance of death within six months; the insurer may independently assess the claim. This benefit is unavailable where the product is sourced under the Point of Sales route.
Lump sum versus staggered benefit
A policyholder may direct that all or part of the death benefit be paid as a staggered stream, with annual, half-yearly, quarterly or monthly frequency for a selected period up to 60 months. The brochure uses a 4% annual discount rate when valuing the staggered portion at inception. During the payout period the nominee may request commutation of future instalments, with the contractual discount basis then applying. Families should retain the policy schedule because it records the elected proportions and frequencies.
Underwriting, disclosures and policy continuity
Medical and financial underwriting
The plan is not guaranteed issue. Age, occupation, income, health, tobacco use, travel, avocations and existing cover can influence acceptance, premium, exclusions or cover limits. A calculator output or sales quote is provisional. The proposer should answer the insurer’s questions personally and completely, correct inaccurate pre-filled answers before signing, and keep copies of the proposal, medical reports, benefit illustration and payment record. Material misstatement or suppression can affect a claim under the Insurance Act and policy terms.
Grace, lapse, revival and reduced paid-up status
The policy document governs grace periods, lapse, revival, surrender and reduced paid-up rights. These outcomes vary by premium-payment pattern and option. Paying within the grace period can keep cover operational subject to deductions described in the contract; missing the grace deadline can cause lapse or change benefits. Revival is not automatic: evidence of insurability, arrears, interest or underwriting may be required. A policyholder considering discontinuance should request a written value statement rather than assuming premiums will be refunded.
Suicide exclusion and other claim conditions
The policy wording contains a suicide exclusion for death within the specified period from commencement of risk or revival, with the contractual payment generally linked to a percentage of total premiums paid or available surrender value, subject to the applicable version and in-force status. Rider claims have additional disease, waiting-period and exclusion language. No base-product summary can substitute for the exclusion clauses, definitions and endorsements in the issued policy.
Claims, complaints and documents a family should organise
A nominee should notify Tata AIA promptly through its claim channel and obtain an acknowledgement. Typical documents include the claim form, original or electronic policy record, death certificate, claimant identity and bank evidence, medical and hospital records where relevant, and police or post-mortem papers for accidental or unnatural death. The insurer may seek other material reasonably required to assess the event. The advertised four-hour express-claim facility is narrow: the insurer’s page limits it to specified non-early, non-investigation branch claims, up to a stated sum assured, with complete documents and a working-day cut-off. It is not a universal settlement guarantee.
- Keep nominee and contact details current, and tell the nominee where the policy schedule is stored.
- Preserve the proposal form and medical disclosures; disputes often turn on what was represented at inception.
- Use the insurer’s grievance channel first and record the complaint reference number.
- If unresolved, escalate under the insurer’s grievance matrix and then use the IRDAI Bima Bharosa portal or the Insurance Ombudsman where jurisdictional conditions are met.
- Do not surrender original records without retaining scans and proof of submission.
GST and income-tax treatment in Tax Year 2026–27
GST on the individual life policy
Notification No. 16/2025-Central Tax (Rate), effective 22 September 2025, exempts life-insurance services supplied by an insurer to an insured who is not a group. Government FAQs confirm the exemption for individual life policies and distinguish taxable group policies. Sampoorna Raksha Supreme is described as an individual product, so premiums for the qualifying base policy are generally within the exemption. However, the invoice should be checked for riders or separate supplies, and timing rules can matter for amounts received around the effective date.
Premium deduction and policy proceeds
For Tax Year 2026–27 the Income-tax Act, 2025 applies. The Income Tax Department explains that section 123 preserves the ₹1.5 lakh aggregate deduction for specified savings instruments, including qualifying life-insurance premium, structurally replacing old section 80C. This deduction is unavailable under the default concessional regime under section 202. Eligibility can also depend on the prescribed relationship, premium-to-capital-sum conditions and other statutory requirements; the amount paid is not automatically the amount deductible. Treatment of policy receipts depends on the nature of the payment, issue date, premium thresholds and statutory exclusions, while death benefits receive distinct treatment. Tax should be checked for the actual policy and tax year rather than copied from an old illustration.
Frequently Asked Questions
1. Is Sampoorna Raksha Supreme a ULIP or participating savings plan?
No. UIN 110N160V06 is described as non-linked, non-participating and pure risk. The base product has no units or participating bonus. Life Plus adds a defined conditional maturity payment, but that does not make it a ULIP.
2. Does every option return premiums at maturity?
No. The brochure provides the 105% maturity amount only under Life Plus, subject to survival and policy conditions. Life, Life Income and Credit Protect do not pay an additional maturity benefit as described in the brochure.
3. Is the terminal-illness payment additional to the death cover?
No. Payor Accelerator advances part of the death benefit. The later death benefit is reduced by the amount already paid, and premiums can remain payable after the terminal-illness claim.
4. Can the nominee choose a lump sum after staggered payouts were selected?
The brochure permits commutation of future staggered benefits, subject to the policy’s contractual discount basis. Accrued amounts and the timing of the request should be confirmed with the insurer.
5. Does Life Income preserve the original death cover after income starts?
No. The effective sum assured is reduced by regular-income payouts due up to the relevant time. The signed illustration should be reviewed year by year.
6. Is GST charged on current premiums for this individual term plan?
Qualifying individual life-insurance services have been GST-exempt since 22 September 2025. The invoice should still be checked for separately taxable items and correct policy classification.
7. Can the section 123 deduction be claimed under the default tax regime?
No. The Income Tax Department states that the section 123 deduction is not allowed under the default concessional regime in section 202. Old-regime eligibility and statutory conditions must still be satisfied.
8. What should a claimant do if a claim or complaint is delayed?
Keep the acknowledgement and document list, escalate through Tata AIA’s grievance structure, and, where applicable, approach IRDAI’s Bima Bharosa facility or the Insurance Ombudsman. Each forum has scope and procedural limits.
Key Takeaways
- Confirm the exact current identity: Tata AIA Sampoorna Raksha Supreme, UIN 110N160V06.
- Choose among Life, Life Plus, Life Income and Credit Protect only after comparing their different survival, income and reducing-cover effects.
- Treat Payor Accelerator as an advance of death benefit; it reduces the later payout and does not automatically waive premiums.
- Keep proposal disclosures, medical evidence, benefit illustration, policy schedule and nominee details together for claim readiness.
- Current GST exemption applies to qualifying individual life insurance; income-tax deductions and proceeds remain condition-dependent.
- Use the issued policy wording and schedule whenever a marketing summary conflicts with contractual detail.
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Disclaimer: This article is an educational, current-date summary of Tata AIA Life Insurance Sampoorna Raksha Supreme, UIN 110N160V06, prepared from the insurer’s product page, Version 6 brochure, policy wording, customer information sheet, government GST material and Income Tax Department guidance available for review on 31 October 2026. It is not a quotation, solicitation, recommendation, suitability assessment, tax opinion, legal opinion or assurance that Tata AIA will issue a policy, accept a rider, revive lapsed cover or pay a claim. Actual rights depend on the signed proposal, truthful health and financial disclosures, underwriting decision, benefit illustration, policy schedule, endorsements, premium status, nominee or assignment records, event facts and the exact policy wording in force. Life, Life Plus, Life Income and Credit Protect have materially different death, survival, income and reducing-cover mechanics; the Payor Accelerator is an advance of death benefit and not an additional benefit. Tax consequences depend on the applicable tax year, chosen tax regime, relationship to the insured, premium-to-sum-assured tests, receipt character and later amendments. GST exemption for qualifying individual life insurance does not necessarily cover a group policy, every rider or every separately invoiced service. Claim timelines and the advertised express facility are conditional on claim type, policy duration, documents and investigation requirements. Readers should obtain a personalised benefit illustration, read the current policy contract and consult a licensed insurance professional, chartered accountant, tax adviser or lawyer as appropriate before acting. TaxGuru accepts no responsibility or liability for purchase, continuation, surrender, tax filing, claim, investment, lending or family-finance decisions, or for any loss arising from reliance on this summary, later regulatory change, insurer action, incomplete disclosure, document mismatch or reader-specific circumstances.
