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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.

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2% discount on 1st year premium on these milestones

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Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN:110N176V12)

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Term insurance is often considered by individuals seeking financial protection for their loved ones for a specified period. While many term plans require premiums to be paid regularly, a single-premium term insurance plan allows the entire premium to be paid at the beginning of the policy. Once the payment is made, the life cover continues for the selected tenure without future premium obligations. This option may suit individuals who have lump-sum amount and prefer a one-time payment commitment.

Know about our Best-Selling Single Premium Term Insurance Plans

Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V13)

Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V16) 11 20-year-old female (Standard Life, Non-Smoker), regular pay, 20-year policy term. T&C apply.

Our experts are happy to help you!

The single premium term insurance plan is one of the options under premium payment terms, along with regular premium pay and limited premium pay. In a single premium term plan, you make a one-time lump sum premium payment at policy inception and receive term insurance coverage for the entire policy duration.

By choosing a single premium term insurance plan, you can avoid the hassle of making regular premium payments towards your term insurance plan on a monthly, quarterly, semi-annual, and annual basis. This means your term insurance policy only needs a single lump-sum premium payment at the start of the policy term, and no other payments need to be made.

A single premium term insurance plan allows a one-time premium payment when the policy is purchased. The premium amount is generally determined after considering factors such as the sum assured, policy term, age of the life insured, and underwriting requirements. Once the payment is completed and the proposal is accepted, the policy stays active for the selected duration without requiring future premium payments. The policy then provides coverage according to its terms and conditions.

For instance, consider an individual who purchases a 15-year term insurance policy with a sum assured of ₹50 lakh. If the insurer determines a single premium of ₹9 lakh, the entire amount is paid upfront during policy issuance. Following this payment, no further premiums are required. If the life assured passes away during the policy term, the nominee receives the applicable death benefit as per the policy.

The following are the key benefits of single premium term life insurance:

The entire premium amount is paid at the time of policy purchase.

No further premium payments are required during the selected policy term.

There is no need to track future premium due dates.

The policy remains active for the chosen tenure subject to policy terms and conditions.

This payment structure may suit individuals who prefer completing their premium commitment at the beginning.

Eligible premiums may qualify for tax 6 deductions under Section 123 read with Schedule XV of the Income-tax Act, 2025, subject to the applicable tax regime and prescribed conditions.

Tax 6 deductions may be available up to the limits prescribed under the prevailing income-tax laws, subject to eligibility and the tax regime selected by the individual.

Policy benefits may be excluded from taxable income under Section 11 read with Schedule II of the Income-tax Act, 2025, subject to fulfilment of the applicable conditions.

The availability of tax 6 benefits may depend on factors such as the policy type, date of issuance, premium amount, sum assured, policy structure and applicable premium thresholds.

Tax 6 laws, regulations and interpretations are subject to change from time to time. Individuals should review the latest applicable provisions before purchasing a policy.

Individuals are advised to consult a qualified tax professional to understand the availability and applicability of tax 6 benefits based on their tax regime and individual circumstances.

The policy provides financial protection for dependants during the selected policy term.

In case of the life assured's death during the policy tenure, the nominee receives the applicable policy benefit.

The payout can support family members in managing financial commitments.

The coverage amount may assist in addressing future household expenses and obligations.

This protection helps create financial support for loved ones during unforeseen situations.

Individuals who receive a bonus, inheritance, business proceeds, or other lump-sum amounts may consider this payment structure.

A one-time premium allows the available funds to be allocated towards long-term life cover.

It removes the need for future premium planning related to the policy.

Policyholders can generally choose coverage amounts and policy terms based on their financial objectives and protection requirements.

Certain plans may provide optional features or riders, subject to product availability and eligibility conditions.

This enables individuals to select coverage aligned with their specific needs.

Once the premium is paid, no further payment commitments remain under the base policy.

This may suit individuals who prefer completing financial obligations at the start rather than managing them over several years.

Completing the premium payment at the beginning removes the need to manage recurring insurance payments.

Policyholders can focus on other financial priorities without allocating funds for future premium instalments.

Knowing that financial protection has been arranged for loved ones during the selected policy term may provide reassurance.

Single Premium Payment

Regular Premium Payment

Limited Premium Payment

A one-time lump sum payment made at the start of the policy.

Periodic premium payments (includes monthly, quarterly, annually) throughout the policy duration.

Premiums are paid periodically, but only for a fixed, shorter duration within the policy term. (e.g., 5, 10, 15 years).

Coverage lasts for the entire policy term.

Coverage continues as long as premiums are paid regularly throughout the policy term.

Coverage continues for the complete policy term, even after premium payments stop.

Individuals with a lump sum available who prefer to avoid the hassle of multiple payments.

Individuals who prefer spreading payments over time.

Individuals who can afford higher payments for a shorter period and don’t want to pay later.

No need to worry about missed payments; policy premium is paid up.

Premium payment can be done regularly, but risk of policy lapse if payments are missed.

Offers a balance between upfront premium payment and long-term coverage.

Your premium calculation is in progress

Share your needs and get

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 15

pay later option Defer premium by
12 months 3

Instant Payout on terminal illness

Select the plan that meets your requirement

A best single premium term plan comes with several benefits. When choosing this premium payment option in a term plan, you should be in any of the following categories that ensure that you are at an advantage when paying a single premium:

As you may be aware, term insurance plans are quite flexible and hence, not only designed for those with a steady and stable income. If you are a freelancer or a businessperson who tends to earn a large sum of money periodically, a single pay term plan can be a good choice for you. That way, you will not have to worry about making premium payments during a time when your business or profession is not profitable enough.

Regular pay term plans come with premium payment frequencies where you can choose to pay monthly, quarterly, semi-annual, or annual premiums. But for people who have hectic schedules and have a lot of other things to take care of, a single premium term plan works out since they do not have to keep track of the due dates or risk a policy lapse in case of missed premium payments.

A lot of investors, after making different investments, may have some amount left that they would like to invest. Moreover, if you inherit a lump sum from your family, receive a lavish bonus, or make a huge profit in your business, you can opt for a single premium term plan. Thus, not only is the money saved from being idle, but you can also protect your family with life insurance coverage by opting for a single premium term policy with a lump sum investment.

Before choosing a term plan with single premium, it is important to review certain factors carefully.

A single premium plan requires the entire premium amount to be paid at the beginning of the policy.

Individuals should evaluate whether they can comfortably make this payment without affecting other financial commitments.

Maintaining adequate funds for regular expenses and emergencies remains important.

Tax 6 treatment may depend on the premium amount, sum assured, and applicable legal provisions.

Certain conditions may influence the availability of tax deductions or exemptions.

Understanding these requirements beforehand can help avoid unexpected outcomes.

Different plans may have varying premium calculations, coverage features, and eligibility requirements.

Comparing available options can provide a clearer understanding of the overall value offered by each policy.

Cost should be assessed alongside the coverage provided.

Policy terms, exclusions, waiting periods, and available benefits should be reviewed carefully.

Reading the policy document thoroughly can help individuals understand the scope of coverage.

Any additional features should also be evaluated before making a decision.

Some individuals may prefer paying premiums periodically over the years.

Others may find a one-time payment more suitable for their financial situation.

Understanding personal budgeting habits can help determine the most suitable premium structure.

Individual Death Claim Settlement Ratio 7 for FY25-26

Families protected so far 8

Highest retail sum assured of ₹9,00,000 Cr.+ 9

Presence across major cities in India

Choose preferred premium payment mode

Single premium term insurance offers life cover through a one-time premium payment made at the start of the policy. By eliminating the need for recurring premium payments, it provides coverage for the selected policy term while completing the premium obligation upfront. Before purchasing a plan, individuals should assess their financial position, understand the policy terms, review applicable tax conditions, and choose a suitable coverage amount to ensure the policy aligns with their long-term protection needs.

Why should one opt for a single premium term insurance?

One should opt for a single premium term insurance plan if they want to avoid the hassle of paying premiums each month or each year as per a regular payment plan. Also, if one does not have a stable income and wants to invest a large sum of money for life insurance coverage, a single premium plan is suitable for them.

Is it possible to first choose a single premium payment and then opt for regular premium pay?

No, if you have selected the single premium payment, then you will have to make one lump sum premium payment towards your term insurance policy. You may not be able to switch from one option to the other.

Does the single premium pay only apply to term plans?

No, a single premium payment option is available with different types of life insurance plans.

Will I have to calculate the premium for my single premium term plan?

There is a minimum and maximum limit set for your premium payments, and even in case of the single pay, there will be a minimum and maximum amount, depending on your sum assured. While you can use a term insurance premium calculator to understand your single premium payment amount, it is a more useful tool for those who need to plan their premium payments over the policy term or more than just a single payment.

What is the difference between Single Pay, Regular Pay and Limited Pay?

Under Single Pay, you need to make one lump sum premium payment towards your term plan at the beginning of the policy period. On the other hand, a Limited Pay plan enables you to pay the premiums for a limited and fixed number of years that is less than the policy term. As for Regular Pay, the premium payment term is equal to the policy term you choose.

Will I be able to get tax benefits on a Single Pay plan?

Yes, you can avail of tax 6 benefits in a single premium term policy under Section 80C of the Income Tax Act. As per this section, your premiums paid towards the term plan will be eligible for a tax deduction.

Does a term insurance plan have cash value if it is surrendered?

No, a pure term plan does not have any cash value if it is surrendered. Hence, if you choose to cancel your term insurance plan, you will not receive any surrendered or term insurance with maturity benefit . However, without life cover, your family will be unprotected from financial uncertainties that could occur at any time.

Can I choose to have a Single Pay plan if I am a salaried employee?

Anyone can choose a Single Pay plan, irrespective of their profession. However, it is important that you are able to pay or have the means to pay the lump sum premium amount at the start of the policy.

How to file a claim for a term insurance plan?

If you want to file a claim with us, you can select any of the below channels –

Write to us at : Tata AIA Life Insurance Company Limited, 15th Floor, Centaurus, Hiranandani Business Part, Hiranandani Estate, Thane West, Maharashtra Pin code - 400607 IRDA Regn. No. 110

Is a pure term plan with single pay better than a term plan with a return of premium?

You can choose a single payment term insurance that offers only life cover or a term plan with a return of premium as per your needs. The former is for those who are looking only for extensive life cover protection, while the latter is better suited for those who want a maturity benefit from their term plan.

How to choose a suitable term insurance plan for my family?

To buy a suitable term insurance plan for your family, you will have to take into consideration some important factors such as your present and future income, your family’s current needs and their future financial commitments and obligations, and any unforeseen emergencies or events that need financial assistance, the affordability of your term plan, the policy period, and the premium payment term.

How do I calculate my term plan premiums online?

You can calculate your term insurance premium online by using our term insurance premium calculator available on the official website of Tata AIA Life Insurance.

Can my nominee from outside India claim my term insurance on my death?

If the nominee wants to file a claim but is outside India, then they can file the claim online by uploading the attested copies of the required documents online or through email. On the other hand, if the nominee wishes to file the claim offline, then they can send their documents to their representative in India, who can visit our office and initiate the process.

Can an NRI purchase a term insurance plan in India?

Non-Resident Indians (NRIs) can purchase term plans in India, but they will have to present documents that show their proof of Indian nationality. They will also have to provide documents such as age proof and address proof that show they belong to a certain Indian state, city, or location.

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Tata AIA Sampoorna Raksha Promise - Non-Linked, Non-Participating, pure risk, Individual Life Insurance Product (UIN:110N176V013).

Tata AIA Maha Raksha Supreme Select - Non-Linked, Non-Participating, Pure Risk, Individual Life Insurance Product (UIN: 110N171V16).

1 Not applicable under PoS, please refer sales brochure for more information

2 Tax benefits of up to ₹46,800 u/s Section 123, Schedule XV (erstwhile Section 80C) is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000 as per old tax regime. Tax benefits under the policy are subject to conditions laid under Section 11 Schedule II, Section 123 Schedule XV, Section 126 (erstwhile Section 80C, 80D,10(10D)), 115BAC and other applicable provisions of the Income Tax Act 2025. The Tax Free income is subject to conditions specified under Section 11, Schedule II (erstwhile section 10(10D)) and other applicable provisions of the Income Tax Act 2025. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.

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 As per the duly approved product design and terms & conditions of the product, this includes first year digital discount of 10% for Limited Pay/Regular Pay and 8.5% salaried discount. For Single Pay, 1% discount will be available for online purchase and salaried discount each.

5 Rider is not mandatory and are 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/Intermediary/ branch.

6 Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment 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.

7 Individual Death Claim Settlement Ratio is 99.45% for FY 2025-26 as per latest annual audited figure.

8 98,01,689 families protected till 18th May 2026.

9 Retail Sum Assured for FY’2025-26 is ₹9,00,876 Crore.

10 Applicable to only non-early claims with more than 3 years of policy duration, non-investigation cases, up to Sum Assured of ₹50 Lakh. 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

11 As per the duly approved product design and terms & conditions of the product, Illustrated Premium is the monthly premium excluding taxes for 20 yr. old female, Standard Life, Non-Smoker for 2 Cr. Sum Assured with Policy Term of 20 yrs. (Regular Pay) with Life Secure plan option with first year premium discount for digital purchase and salaried person.

12 Inbuilt Payout Accelerator Benefit pays out 50% of Effective Sum Assured opted in case of a Terminal Illness diagnosis.

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.

In case of POS variant, the product is available with/without medical underwriting as per BAUP (Board Approved Underwriting Policy.

L&C/Advt/2026/Aug/4729

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