01The detail

Maha Raksha Supreme Select in one table

Claim settlement ratio

99.5%FY 2024–25

95% recommended

Insurer	Tata AIA Life Insurance Company Limited
Sum insured	₹25 lakh upwards, with no stated upper limit. Higher amounts are decided case by case.
Entry age	18 to 65 years (last birthday). Bought through a bank or a point-of-sale agent, entry closes at 60 on Life Secure and Joint Life Secure, and at 55 on the two Plus options.
Cover runs to	Up to 100 years. Bought through a bank or a point-of-sale agent, cover ends at 65.

Claim settlement and complaint figures are IRDAI-published and held centrally by NYVO, not taken from the insurer's marketing.

02Cover

What Maha Raksha Supreme Select does, and what it does not

Term insurance is a narrow product, so the useful question is not how this plan scores against a benchmark – it is what it pays for and what it leaves out. Both lists come from Tata AIA's own documents.

What this plan does

01Four plan options, two of which cover you and your spouse on a single policy

02Cover can run to age 100

03Terminal illness releases 50% of the effective sum assured early and waives every future premium

04Payout as a lump sum, in instalments, or a combination of both

05FlexiPay: premiums can be deferred by up to 12 months

06Premium holiday during pregnancy

07Cover can be increased for a set period or for the whole term

0815% lower premium rates for women

09A first-year premium discount for salaried buyers

What it does not do

01Cover to 100, or entry up to 65, if you buy through a bank or a point-of-sale agent - that route caps entry at 60 and cover at 65

02Maturity benefit on the two non-Plus options only Life Secure Plus and Joint Life Secure Plus pay anything on survival

03Variants

Which variant should you take?

This plan is sold in more than one form, and the choice is made once at purchase. Picking the wrong one is not something you can quietly correct later, so it is worth a minute now.

Life SecureMost buyers

Cover on a single life with nothing paid at maturity. The shortest term of the four at five years, and the cheapest way into the plan.

Life Secure Plus

The same cover with 100% of the premiums you paid handed back if you outlive the term. The minimum term rises to ten years and the premium is materially higher - you are pre-funding the refund yourself.

Joint Life Secure

You and your spouse on one policy. It pays on the first death, or on both of you dying together, and then it ends. The survivor is left without cover, which is the trade for the single premium.

Joint Life Secure Plus

The joint-life version with all premiums returned if both of you survive the term. It carries the same single-payout limitation as Joint Life Secure.

04Exclusions

What this plan will not pay for

Every policy carries exclusions, and they are the clauses people read for the first time at claim stage. These are the ones worth knowing before you buy.

Not coveredIndicative, not exhaustive. Your policy wording is the contract.

01Suicide within 12 months of the policy starting or of its latest revival - the nominee receives the higher of 80% of the premiums paid or the surrender value, provided the policy is in force.

02The instant payout on claim intimation is not paid if death happens in the first three policy years.

05The honest bit

Where Maha Raksha Supreme Select falls short

No plan is right for everyone, and a page that only lists strengths is not much use to you. These are the gaps we would raise on a call before recommending it.

Worth knowing before you buyNone of these are dealbreakers on their own. They are the trade-offs this plan asks you to accept.

01Tata AIA sells this alongside Sampoorna Raksha Promise, and the two overlap almost completely - same four plan shapes, same cover to 100, same terminal illness acceleration, same FlexiPay and pregnancy premium holiday. Price both before choosing, because the names will not tell you which is cheaper for you.

02Where you buy it changes what you can buy. Through a bank or a point-of-sale agent, entry closes at 60 rather than 65 and cover ends at 65 rather than 100. That is a different product in practice.

03The joint-life options pay once. On the first death the policy ends and the survivor is left with no cover, at an age when new cover costs the most.

04The premiums-back options need a minimum ten-year term and cost materially more. You are pre-funding your own refund over the term.

05The payout shape is chosen at outset. If your family would rather have had a single cheque than instalments, that was decided decades before the claim.

06Source documents