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Sometimes, a pure term insurance plan, or a life insurance investment plan aren’t enough to offer a complete and comprehensive solution to your family. We take great care, and go to great lengths to secure the financial future of our loved ones, and ensure their well-being. As such, we require a unique, holistic plan that covers our wealth and protection needs.
This is where the Tata AIA Life Insurance Param Rakshak solution comes in, which comprises of Tata AIA Life Insurance Smart Sampoorna Raksha, a Unit-linked, Non-participating, Individual Life Insurance Plan for Savings and Protection (UIN:110L156V01), and Tata AIA Life Insurance Linked Comprehensive Protection Rider, a Non-linked, Non-participating, Individual Health Rider (UIN: 110A032V02). This gives you a comprehensive, 360-degree protection and coverage, and secures the future of your loved ones.
TATA AIA Life Insurance Co. Ltd will send you updates on your policy, new products & services, insurance solutions or related information. Select here to opt-in.
Looking to get a new plan? Connect with us now
TATA AIA Life Insurance Co. Ltd will send you updates on your policy, new products & services, insurance solutions or related information. Select here to opt-in.
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Key Benefits
Market-linked returns
Get market-linked returns on maturity of the policy
Lump-sum benefit
In the event of unfortunate death of policyholder, a lump-sum benefit is paid to family
Accidental death benefit
Additional sum assured in case of accidental death
Two times the additional sum assured in case of accidental death in a public transport
Accidental total & permanent disability benefit
Benefit payout in case of total and permanent disability due to accident
Two times the benefit payout in case of disability due to an accident in public transport
Highlights of Tata AIA Life Insurance Param Rakshak Solution
Choose to pay your premium periodically (on annual basis) for a limited / regular period
The plan offers you coverage up to the age of 100
Get the fund value on maturity from the base plan
Depending upon the maximum maturity age, the coverage term can be 30 - 40 years
Avail tax benefits as per applicable tax laws
Add Life Insurance Investment Riders
Tata AIA Life Insurance Linked Comprehensive Protection Rider
You can choose one or more benefit options (risk covers), including death, accidental death / disability, critical illness and terminal illness
Flexibility to receive benefit as combination of lump-sum and income for fixed period, income till survival of partner, or as waiver of future premiums
What is the minimum premium that I have to pay if I purchase the Param Rakshak solution?
If you are purchasing the Tata AIA Life Insurance Param Rakshak Plus solution, the minimum premium amount, depending upon the premium payment term, is as follows.
Base Plan Premium: 5 Pay – Rs. 60,000 per annum
Others – Rs. 18,000 per annum
What is the premium payment frequency for this life insurance plan?
You can pay your premium for this plan annually.
How can I raise a claim under this life insurance policy?
You can choose any of the following channels to reach out to us and raise a claim.
TATA AIA Life Insurance Co. Ltd will send you updates on your policy, new products & services, insurance solutions or related information. Select here to opt-in.
Looking to get a new plan? Connect with us now
TATA AIA Life Insurance Co. Ltd will send you updates on your policy, new products & services, insurance solutions or related information. Select here to opt-in.