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A ₹50 lakh term insurance plan provides financial protection for your loved ones by offering a life cover of ₹50 lakh during the ... Read more chosen policy term. It can help your family manage regular household expenses, outstanding liabilities and future financial commitments if you pass away during the policy period. Depending on the plan selected, it may also include optional riders 5 and flexible payout choices to suit different financial needs. Read less
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Rated by 1,16,103 customers
Data as of 6th July 2026, 4.7/5 from 1.25 lakh+ ratings across Android and iOS Tata AIA app.
1 20 Year old, female, standard life Regular pay, Non-smoker, Policy term 20 years
Get Life Cover of ₹1 Crore by paying a premium of
₹7,085/month (for 30 years)
Save ₹1,202 with discounts
10% discount on 1st year premium is applicable on online purchase. This discount is auto-applied and can’t be removed
8.5% discount on 1st year premium is applicable for salaried personnel. You will need to share your corporate email ID if you opt for this discount. This discount is auto-applied if you select ‘Salaried’ as your occupation and can’t be removed
Applicable only if the policy is bought digitally. Some discounts will not be available when this option is selected.
1% discount on 1st year premium for all payments paid through any permissible electronic mode debited through an auto-debit mandate. Maximum discount capping: ₹100 over the year.
2% discount on 1st year premium on these milestones
*Policy issuance eligibility for female customers will be determined by Board Approved Underwriting Policy (BAUP)
The above milestones cannot be clubbed to avail more discount, Such discount shall be capped to a maximum of ₹500 over the year.
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Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N176V11 )
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Vishal Kapoor, AVP - Brand & Product Marketing at Tata AIA, has over 17 years of experience in the BFSI sector. He is responsible for driving brand strategy, product & channel marketing campaigns.
Girish J Kalra, Chief Marketing Officer at Tata AIA, leading the organizations marketing & corporate communication initiatives..
A ₹50 lakh term insurance plan is a pure life insurance policy that provides a death benefit of ₹50 lakh to the nominee if the life insured passes away during the policy term, provided all policy conditions are met. In exchange, the policyholder pays premiums either monthly, quarterly, half-yearly, yearly or through a limited or single premium option, depending on the insurer.
This cover can help family members meet regular living expenses, repay existing debts, support children's education or handle other financial responsibilities. Some plans also allow policyholders to enhance coverage by adding optional riders 5 such as critical illness, accidental death or waiver of premium benefits for broader financial protection.
The term insurance plan 50 lakh plan works by providing financial protection for a fixed policy period. The policyholder selects the desired policy term, premium payment option and nominee before purchasing the plan. As long as premiums are paid on time and the policy remains active, the insurer provides life cover throughout the selected tenure.
If the life insured passes away during the policy term, the nominee receives the ₹50 lakh sum assured according to the policy terms. Depending on the insurer, the payout may be received as a lump sum, regular monthly income or a combination of both.
Suppose Mr. Sharma, aged 35, purchases a ₹50 lakh term insurance policy for 30 years and pays an annual premium. He nominates his spouse as the beneficiary.
The key features of term policy for 50 lakhs are as follows:
Most insurers allow individuals to purchase a ₹50 lakh term insurance policy from an early adult age, helping them secure life cover sooner. Buying early may also provide access to longer policy terms.
Policyholders can usually choose from regular, limited or single premium payment options. Many insurers also offer monthly, quarterly, half-yearly or annual premium payment frequencies.
Many insurers allow nominees to receive the claim amount as a lump sum, regular monthly income or a combination of both. This flexibility helps families choose a payout method that aligns with their financial requirements.
The best term insurance plan for 50 lakhs can help provide financial support to dependents throughout the policy term. The death benefit may assist with ongoing household expenses, education costs and future financial commitments.
Many plans allow policyholders to enhance their protection by adding optional riders 5 such as accidental death benefit, critical illness cover, terminal illness benefit 9 or waiver of premium, depending on the insurer's offerings.
Compared to many other life insurance products that include savings or investment components, a ₹50 lakh term insurance plan generally offers a relatively high life cover at an affordable premium.
Home loans are long-term commitments, and if you are the sole earner in your family, the burden of paying off the loans can be on your family members in the event of an untimely death. Most term plans last 15 - 20 years, which is similar to the tenure of a home loan. Hence, a ₹ 50 lakh term policy can be a viable safety net when you opt for long-term financial commitments to protect against any uncertainties. For more information on this topic, you can refer to our blog on Guide to Loan Against Your Life Insurance Policy .
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Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V11)
Tata AIA Sampoorna Raksha Promise
Get ₹1 Crore Life cover @ ₹826/month 1
Cover till age: 60 yrs
Payment duration: 35 yrs
99.45% Individual Death Claim Settlement Ratio 4
pay later option Defer premium by 12 months 3
Instant Payout on terminal illness
Select the plan that meets your requirement
Before selecting a policy, compare factors such as the sum assured, policy tenure, premium affordability, claim settlement record, available riders 5 , exclusions and payout options. Choosing a plan that matches your family's financial responsibilities and long-term goals can help ensure appropriate coverage.
Evaluating the required coverage for your term insurance policy is effectively calculating your life's value, and that is anything but pleasant. However, you must remember that life insurance aims to provide financial security to your family and dependents in the event of an untimely death. As a result, you must consider the following factors to select your appropriate coverage level.
Dependents and Their Needs
Existing Liabilities
Express Claim Settlement 6
Individual Death Claim Settlement Ratio FY 2025-26 4
Families protected so far 7
Presence across major cities in India
The term plan of 50 lakh offers the following benefits:
Some insurers offer the option to extend life cover up to an advanced age, depending on the chosen policy. This helps provide financial protection for dependants over a longer period.
Premiums paid towards eligible term insurance policies may qualify for tax 8 deductions under applicable provisions of the Income Tax Act, 1961. Death benefits may also receive tax 8 treatment as per prevailing tax laws. Tax 8 benefits are subject to changes in legislation.
Many insurers allow policyholders to tailor their plans by choosing policy tenure, premium payment mode, payout option and optional riders 5 based on individual financial needs.
A ₹50 lakh term insurance plan offers substantial life cover without including an investment component, making it one of the more affordable ways to secure financial protection for dependants.
The policy proceeds can help nominees repay outstanding financial obligations such as home loans, personal loans or other debts, reducing the financial burden on surviving family members.
The exact cost of a ₹50 lakh term insurance policy depends on several factors. There is no standardized amount, and it will depend on your future requirements. Prominent factors include age, coverage amount, medical history, current lifestyle (whether you smoke/drink/or have pre-existing health conditions), and occupation. Some insurance providers offer women lower premium rates or discounts under their term plans. You can find such discounts under most Tata AIA life insurance plans.
One way to estimate your potential premiums under a ₹50 lakh term insurance would be to use a term insurance calculator . These are free online tools insurance providers offer on their website, which allow you to input factors like your age, annual income, number of insured members, and add-on riders that you would like to include under the policy to give you an estimated premium rate.
If you want to buy a policy under Tata AIA and want to know your ₹50 lakh term insurance premium, you can use our Tata AIA Term Insurance Calculator to estimate your potential premiums under your preferred term insurance policy.
The insurance provider's claim settlement ratio is essential when choosing a term insurance plan. The CSR shows you the percentage of claims settled by the insurance company against the total number of claims filed in a fiscal year. For reference, Tata AIA's Individual death claims settlement ratio 4 for FY 2025 - 2026 was 99.45%.
While it should not be the only deciding factor when choosing a ₹50 lakh term insurance plan, the CSR indicates the likelihood of your claims being accepted and settled by the insurance company. So, a higher CSR means the more likely your insurer will settle your claim.
Policy term or tenure refers to the coverage period under the term insurance policy. The maximum coverage period under term insurance plans like Tata AIA Sampoorna Raksha Promise Plan can go up to 100 years 1 for a policyholder.
Hence, you must assess how long you want your life insurance coverage to last since most term plans do not offer survival benefits and opting for a ₹50 lakh term plan with whole life cover may be a better option.
Most insurance providers offer add-on riders 5 with their term insurance policies. These can be used to increase the base coverage amount your term policy offers, and they must be opted for on policy purchase unless your policy allows mid-term inclusions. These add-ons also offer their own sum-assured amounts and require additional premium payments. Some popular term insurance riders are Accidental death, terminal illness, critical illness, accidental total, and permanent disability, hospicare, and waiver of premium benefit.
Insurance providers offer different types of term insurance plans under their portfolio. It is recommended that you check and compare different term plans before buying one, as each type of term plan will have its own pros and cons.
For example, at Tata AIA, we offer different types of term insurance policies that satisfy different coverage requirements. Always analyse your requirements and carefully choose a plan that can offer you adequate benefits.
Policy documents may be wordy, but you must not skip reading them before signing onto any term policy. They contain the clauses and conditions under which your term plan functions and will directly impact your experience with the term plan. Hence, once you have decided on a ₹50 lakh term insurance plan, make sure to go through every clause and term and only then sign the policy document. This way, you have a thorough idea of your term plan.
Now that you know what to look for when choosing a ₹50 lakh term insurance plan, here is how you can buy one from Tata AIA:
To explore what term plans we offer, visit our Term Insurance page by hovering over the Plans tab and then clicking ' Term Insurance’
Click on the term insurance policy you wish to know more about.
To know your premium estimates under a particular plan, enter your details and click ' Check Premium .'
To proceed with your buying process, hover over the ' Where Do I? ' tab and click on the term insurance policy you want to buy.
Enter your details on the given fields and click 'Continue' to proceed with your buying process.
The following documents are required to buy ₹50 lakh term insurance:
Those who wish to create a financially secure future for their family members or loved ones from the uncertainties of life can opt to buy a ₹50 lakhs term insurance plan. This can include people like:
Individuals with Dependants
People with Loans or Debts
Individuals at Health Risk
Parents and Retirees
To purchase ₹50 lakh term insurance policy, you must be 18 years old with a maximum limit of 65 years, provide income proof and medical history. Disclose unhealthy lifestyle habits like smoking or alcohol consumption that affect premiums.
While a ₹50 lakh term plan is quite affordable, the premium rates of a term plan can vary depending on your age, policy tenure, and if you have chosen to add any additional riders 5 to your plan.
A ₹50 lakh term insurance policy can be a good starting point for young earners. It can be suitable for middle-income families but could be raised depending on whether you have large financial obligations such as loans, dependents, or long-term plans.
A few key benefits of purchasing a ₹50 lakh term insurance policy include:
For a more detailed explanation of the benefits you can get under these points, refer to ‘Benefits of ₹50 Lakh Term Insurance’ mentioned above.
Using an online term insurance calculator to estimate any potential premium amounts under a term plan is recommended; it mitigates the risk of human errors that may occur during the calculator process, giving you a more accurate estimate.
A ₹50 lakh term insurance cover tends to be sufficient with a return of premium add-on that helps you get back all the premiums paid throughout the policy tenure.
In case you survive the policy duration of a ₹50 lakh term insurance policy, there won't be any payment after the policy matures unless you've opted for a Return of Premium benefit.
Term insurance plans may offer tax 8 benefits as per the prevailing tax laws, subject to change from time to time. Eligible premiums paid towards the policy may qualify for a tax deduction of up to ₹1.5 lakh under Schedule I of the Income-tax Act, subject to applicable conditions and the chosen tax regime. Further, the death benefit received by nominees may qualify for tax exemption under Schedule II of the Income-tax Act. If a health rider is added to the policy, the premium paid towards the rider may also be eligible for tax benefits under the applicable provisions of the Income-tax Act
You can purchase more than one term policy. However, it can be expensive to pay premium payments for each plan, which are even higher for older individuals.
Instead, we recommend getting top-up plans and add-ons or opting for an increasing term insurance plan altogether if you think you may need more coverage in the future
Yes, your salary does influence the term insurance coverage available to you. Your annual income determines the maximum term insurance coverage you can purchase. The higher the coverage, the higher the premiums charged for the term plan.
A ₹ 50 lakh term insurance policy is an insurance policy that gives 50 lakh life coverage to policyholder's nominee in the event of policyholder's death.
The term insurance policy premium is based on age, health, policy duration, and lifestyle habits. For young and healthy person cost is relatively low.
Yes, you can add riders 5 such as critical illness, accidental death, waiver of premium, or disability cover for added protection at an extra premium.
Yes, The premiums paid towards the policy may be eligible for tax 8 deduction under Schedule I of the Income-tax Act, subject to applicable conditions and the chosen tax regime. Further, the death benefits received by the nominee may qualify for tax exemption under Schedule II of the Income-tax Act, subject to the prevailing tax laws.
The ₹50 Lakh Return Policy is a ₹50 lakh term policy with Return of Premium (ROP) option, where the premiums are returned in case the policyholder outlives the policy duration.
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Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V13)
1 As per the duly approved product design and terms & conditions of the product, Illustrated premium of ₹346 is the monthly premium for a 20 yr. old female, Standard Life, Non-Smoker for ₹50Lakh Sum Assured with Policy Term of 20 yrs. (Regular Pay) under Life Promise Option of Tata AIA Sampoorna Raksha Promise with first year premium discount of 10% for digital purchase and 8.5% for salaried person. Please refer Benefit Illustration for more details.
2 As per the duly approved product design and terms & conditions of the product, this product offers first year discount of 8.5% for Limited Pay/Regular Pay and 1% for Single Pay to salaried customers & digital discount of 1% for Single Pay, 10% for Limited Pay/Regular Pay.
3 Under Life Promise Plus Option, an amount equal to the 100% of the Total Premiums Paid (excluding loading for modal premiums) shall be payable at the end of the Policy Term, provided the life assured survives till maturity and the policy is not terminated earlier.
4 Individual Death Claim Settlement Ratio is 99.45% for FY 2025 – 26 as per latest audited figures
5 Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/ branch.
6 Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of Rs. 50 lakhs. Applicable for branch walk in. Time limit to submit claim to Tata AIA Life Insurance is 2 pm on working days. Subject to submission of complete documents. Not applicable for ULIP policies and open title claims.
7 98,01,699 families protected till 18th May 2026.
8 Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.No Goods and Service Tax shall be applicable on Individual life insurance products as per prevailing laws.
Premium is subject to applicable taxes, cesses & levies which will be entirely borne/paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.
This product is underwritten by Tata AIA Life Insurance Company Ltd.
Insurance cover is available under this product.
In case of non-standard lives, extra premiums will be charged as per our underwriting guidelines.
This plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.
For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
Premium will vary depending on the option chosen
Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs, and the Surrender Value payable may be less than the all the Premiums Paid.
L&C/Advt/2026/Aug/5027
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