Tata AIA Life Insurance has unveiled its latest term insurance product, Sampoorna Raksha Promise. This product is designed to enhance financial security, Tata AIA Life Insurance said.

Key features are

• Instant payout, mediate payout of Rs. 3 lakh upon death claim intimation to cover urgent expenses.
• Premium deferral: Policyholders can defer their premium payments for up to 12 months once every five years.
• Terminal illness benefit: Upon diagnosis of a terminal illness, 50% of the base sum assured is paid out.
• Future premiums are waived, and policy benefits continue.