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TATA AIA Life iraksha Trop Plan

What is the Plan all About?

If you are the only earning member of your family, you must want to ensure their financial protection, so they can maintain a healthy lifestyle even after your unfortunate death. Tata AIA iRaksha TROP is an online term plan that also ensures the return of premium. It is a non-linked non-participating term plan assures you for financial protection of your family plus return the total premiums paid.

What are the Key Features?

Avail dual benefits of financial protection and return of premium

Choose from different premium payment options

Preferential premium rates for non-smokers

Special premium rates for female policyholders

Special discounts on premium rates higher life cover

Hassle-free procedure to buy the plan online

What are the Plan benefits?

  • Death Benefit

In case of the unfortunate death of the insured, the sum assured will be the amount which is higher of basic sum assured, 105% of total premium paid, 10 times of the annualized premium, or maturity benefit.

  • Maturity Benefit

Get back the total premiums paid, if the insured survives till end of the policy term.

  • Surrender Benefit

It is not recommended to surrender the policy, however, if it needs to be surrendered, you can enjoy the surrender benefit.

Surrender benefit= Higher of (Cash surrender value or Guaranteed surrender value)

Who can Buy the Plan?

Factor Minimum Maximum
Age (as on last birthday) 18 Years 65 Years
Age at Maturity - 75 Years
Policy Tenure 10 Years 30 Years
Premium Paying Term Regular, Limited and Single pay Years
Premium Paying Mode Semi Annually & Annually
Sum Assured 50 Lacs No Limit (subject to underwriting)
Maturity Proceeds

If the insured survies the policy term, the company shall pay the entire premiums paid.

Plan Type Online

Is any Rider Available with this Plan?

There are no riders benefits  available with this plan.

Premium Illustration

Sample illustration of the Premium Amount for an individual of age 25, 30 and 35 years, opting for a Life Cover of Rs. 50 lacs or Rs. 1 crore as Sum Assured and 25 years as Policy Tenure.



25 years

30 years

35 years

Sum assured = Rs. 1 crore

Rs. 13,472

Rs. 17,721

Rs. 25,286

Sum assured = Rs. 50 lacs

Rs. 8,290

Rs. 10,415

Rs. 14,197


(Note: Premium amount is for a non smoker individual keeping good health conditions at the time of buying this insurance plan)

Is the Plan, eligible for Tax Benefit?

Tata AIA iRaksha TROP is eligible for Tax benefits as stated:

  • Premiums paid, qualify for tax benefits as per Section 80C of the Income Tax Act.
  • Death benefit(s) are entitled for tax benefits as per Section 10 (10D) of the Income Tax Act.

(Subject to the provision stated therein.)