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Term Plan with Market-Linked Returns

A term insurance plan with market-linked returns^~offers a unique blend of extensive life insurance coverage to secure your family’s financial future and an opportunity to create wealth for accomplishing your future financial goals. Tailored for different age groups, from young professionals to those planning early retirement, the Param Rakshak plans offer life cover, and you can grow wealth through market-linked^~investments.

Term Plan with Market-Linked Returns

A term insurance plan with market-linked returns^~ offers a unique blend of extensive life insurance coverage to secure your family’s financial future and an opportunity to create wealth for accomplishing your future financial goals.

Tailored for different age groups, from young professionals to those planning early retirement, the Param Rakshak plans offer life cover, and you can grow wealth through market-linked^~ investments.

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

Param Raksha Life Pro+

Key Benefits:

Multi Cap fund delivered 28.66% returns (Benchmark:17.41%)¹
All funds rated 4 or 5 stars² by Morningstar³
Get Additional Maturity Booster⁵ on completion of Policy Term

Calculate Premium Know More

Param Raksha Life Pro

Key Benefits:

Multi Cap fund delivered 28.66% returns (Benchmark:17.41%)¹
All funds rated 4 or 5 stars² by Morningstar³
Get 10% Sum Assured for Terminal Illness with Term Booster⁴

Calculate Premium Know More

Tata AIA Term Plans with Market Linked Returns^~

Param Raksha Life Pro +

Param Raksha Life Pro

Param Raksha Life
Maxima +

Param Raksha Life Advantage +

Param Raksha Life
Pro Advance

Param Raksha Life
Growth +

Tata AIA funds have consistently outperformed benchmarks.

Data as on November 2024

Table of Content

What Is a Term Plan with Market-Linked Returns?
Why Should You Buy a Term Plan with Market Linked Returns?
Benefits of a Term Plan with Market Linked Returns

Who Should Buy a Term Plan with Market-Linked Returns?
Why Choose Tata AIA Life Insurance?
Frequently Asked Questions About Term Plans with Market-Linked Returns

What is a Term Plan with Market-Linked Returns?

A simple term plan offers pure life cover protection to your family in case of an uncertain event. However, a term plan with market-linked returns^~ combines the benefit of life insurance coverage and market-linked investments under one policy. With such a comprehensive term plan, not only can you secure your family’s future but also invest in wealth-creation opportunities over the long term.

Under a market-linked term plan, you can invest in various investment funds per your risk appetite and objectives. You can choose from our multiple top-rated funds² between equity-based, debt-based as well as hybrid funds - offered under the various market-linked plans.

You can either integrate your entire investment under one fund or diversify it into multiple funds. Depending on the performance of these funds as per the market movements, your invested amount grows until the policy matures, which is then paid out as the maturity benefit.

Param Raksha Plan Comparison

Benefit	Param Raksha Life Pro +	Param Raksha Life Pro	Param Raksha Life Maxima +	Param Raksha Life Growth +	Param Raksha Life Advantage +
Life Insurance Cover	Yes	Yes	Yes	Yes	Yes
Market Linked Returns	Yes	Yes	Yes	Yes	Yes
Income Tax⁶ Benefits	Yes	Yes	Yes	Yes	Yes
Entry Age	18 years to 65 years				23 years to 65 years
Get Cover up to	100 years
Lumpsum payout on Maturity⁷	Yes	Yes	Yes	Yes	Yes
Terminal Illness cover with Term Booster⁸	Yes (With Return of Premium)	Yes	No	Yes (With Return of Premium)	Yes (With Return of Premium)
Live Healthy and Earn Vitality⁹ Rewards	Yes	Yes	Yes	Yes	Yes
Upfront discount on first year rider premium¹⁰	Yes	Yes	Yes	Yes	Yes
Premium Payment Term	Limited Pay – 5 Years to Max. Policy Term less 1 Years Regular Pay – 30 Years to Max. 67 Years (*Subject to max age for last premium payment of 85 years)				Limited Pay – 5 years to Max. till age 85 Years Regular – Equal to the policy term subject to min. policy term of 30 Years and maximum till age 85 Years
Accidental Death Additional Sum Assured in case of Accidental Death. 2X Additional Sum Assured in case of accidental death in public transport.	Yes	Yes (With Return of Premium)	Yes (With Return of Premium)	Yes (With Return of Premium)	No
Premium Payment Mode	Annual, Half yearly, Quarterly and Monthly	Annual, Half yearly, Quarterly and Monthly	Annual, Half yearly, Quarterly and Monthly	Annual, Half yearly, Quarterly and Monthly	Annual, Half yearly, Quarterly and Monthly
	Calculate Premium	Calculate Premium	Calculate Premium	Calculate Premium	Calculate Premium

Age as on last birthday

*Smart Sampoorna Raksha Supreme Sum Assured for all propositions post age 85 will be either 10 times of Smart Sampoorna Raksha Supreme annual premium or Sum Assured at inception, whichever is lower.

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Why Should You Buy a Term Plan with Market Linked^~ Returns?

Comprehensive Financial Protection

The term plan will protect your family against various financial risks in case of your untimely death during the policy term. And you will also get the opportunity to grow wealth for your family's future financial obligations.
Focus On Wealth Creation

While you can focus on growing your wealth, the insurance coverage available under these plans secures your family. Therefore, you can align your financial planning and investment decisions based on your requirements.
Offer Tailored Solutions

For a term plan with market-linked^~ returns, you can choose from a range of fund options based on your risk appetite and financial goals. You can opt for debt-based funds for stability, equity-based funds for higher growth, and hybrid funds for a balanced approach.
Inflation Hedge

Market-linked^~ investments will outpace inflation in the long term, preserving the purchasing power of your savings. By investing in equity-based funds, you can mitigate financial risks caused by inflation better and secure your future.

Benefits of a Term Plan with Market Linked Returns

Affordability

You can get extensive term life insurance coverage and wealth creation opportunities at an affordable rate. In addition, if you invest at an early age and enjoy the benefit of lower multiples and lower life cover charges.
Flexibility

You can choose between the various flexible features, such as the premium payment option, premium payment frequency, cover term, and investment fund options, based on your financial condition and requirements.
Long-Term Investment

As term plans with market-linked^~ returns allow for choosing a long policy term, you get the opportunity for systematic wealth accumulation. The longer you stay invested, the better the power of compounding and the higher the market-linked^~ investment benefits.
Tax Advantage

Like any other life insurance policy, the premium paid, and the payouts received from the term plan with the market-linked^~ returns will qualify for a tax⁶ deduction and exemption benefit under Section 80C and Section 10(10D) of the Income Tax Act 1961.

Who Should Buy a Term Plan with Market-Linked^~ Returns?

A term plan with market-linked^~ returns is suitable for any individual seeking a life insurance cover and market-linked^~ investment opportunities. However, the following categories of people can consider purchasing it for certain specific reasons, as discussed below.

Young Professionals

Young professionals have distinct long-term financial goals ranging from purchasing a new car to starting a new business. They will have a high-risk tolerance for wealth creation and the advantage of lower premium rates.

Young Professionals

Young professionals have distinct long-term financial goals ranging from purchasing a new car to starting a new business. They will have a high-risk tolerance for wealth creation and the advantage of lower premium rates.
Newly Married Couples

Newly married couples planning their future with children at different stages in life will have increasing financial commitments, such as their child's education, marriage, etc and a financial cushion to keep these financial goals safe. The cost of them keeps increasing with the inflation rate. A term plan with market-linked^~ returns can suffice for such requirements with adequate planning.

Newly Married Couples

Newly married couples planning their future with children at different stages in life will have increasing financial commitments, such as their child's education, marriage, etc and a financial cushion to keep these financial goals safe. The cost of them keeps increasing with the inflation rate. A term plan with market-linked^~ returns can suffice for such requirements with adequate planning.
For Parents

Parents can use the funds to fund their child’s education and the term plan provides the financial protection for dependents. The dual benefit ensures that parents can safeguard their family’s future while growing their wealth.

For Parents

Parents can use the funds to fund their child’s education and the term plan provides the financial protection for dependents. The dual benefit ensures that parents can safeguard their family’s future while growing their wealth.
Individuals planning Early Retirement

Most of us these days want to earn at a higher pace, secure and invest the earnings and want to retire early. A term plan with market-linked^~ returns will help them invest for market linked~ returns, which can further be utilised for receiving a passive income for life after retirement.

Individuals planning Early Retirement

Most of us these days want to earn at a higher pace, secure and invest the earnings and want to retire early. A term plan with market-linked^~ returns will help them invest for market linked~ returns, which can further be utilised for receiving a passive income for life after retirement.

Why Choose Tata AIA Life Insurance?

Choice of Policies

You can choose from the different policy options as per your needs. Our policies offer flexibility in terms of policy coverage, policy terms, investment fund options, and premium payment options to make the selection more accessible for you.
Compare Policies

If you are deciding between the different plans, you can utilise the 'Calculate Premium' option specific to the options to determine the premium, compare, and make a well-informed decision. That way, you can compare the features, benefits, and premiums of the options before choosing one.
Seamless Online Process

When purchasing a new policy, Tata AIA Life Insurance offers a simple and swift online process for your convenience. You can also choose from multiple digital payment options for easy premium payments.
The Tata AIA Assurance

The claim settlement ratio denotes the number of claims honoured each year. With an individual death claim settlement ratio of 99.13%¹¹ in the FY 2023-24, you can rely on us to settle your claims in a timely and efficient manner!
High-Rated Funds

Our fund options are highly rated - 4 or 5 stars² by Morning Star³. You can choose the fund options based on your risk appetite.
Wellness Benefits

Our Tata AIA Vitality wellness⁹ program helps you build a healthier lifestyle and meet your fitness goals based on systematic assessments and targets. In addition, you can benefit from upfront discounts¹⁰ on your first-year rider premium as you improve your health.

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Frequently Asked Questions About Term Plans with Market-Linked Returns

How does a term plan with market-linked^~ returns work?

After purchasing the term plan with market-linked^~ returns, you will pay the applicable premiums. A certain percentage of it will be utilised for the insurance cover, and the remaining portion will be invested in market-linked^~ funds. The returns on these investment funds will depend on the market volatility and their performance.

In the event of your unexpected death or at maturity, the accumulated fund value or the sum assured as applicable will be provided as the death benefit or the maturity benefit.
Is a term plan with market-linked^~ returns better than a ULIP?

Unit-linked Insurance Plans offer a lower life cover protection to your family along with investment opportunities as compared to a Term plan with market linked returns.

While a ULIP can be a good choice for investments, a term plan with market-linked^~ returns can offer a more wholesome approach to getting extensive life cover and wealth creation opportunities.
What is the lowest and highest term insurance coverage that I can opt for?

The lowest sum assured or term insurance coverage you can select for your policy is specified for each term insurance plan. You can choose the highest sum assured as per your needs. However, the approval of the sum assured will be subject to the guidelines as per plan criteria.
When should you buy a term plan with market-linked^~ returns?

You can buy a term plan with market-linked^~ returns at any life stage. However, it is best advised to purchase it at a younger age to benefit from lower premium rates. Make sure you analyse your financial needs and risk profile before you make a decision.
How to choose the best term plan with market-linked^~ returns?

Choosing the best term plan with market-linked^~ returns should start with analysing your financial needs and the policy term. Understand your financial needs and compare the different options based on their features and costs by calculating the premium. Further, determine the most suitable and affordable plan option, considering your financial condition and that which will satisfy your needs.

Disclaimer
- The linked insurance product do not offer any liquidity during the first five years of the contract. The policy holder will not be able to surrender/withdraw the monies invested in linked insurance products completely or partially till the end of the fifth year.
- Param Raksha Life Pro + is designed for combination of benefits of following individual and separate products named (1) Tata AIA Smart Sampoorna Raksha Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V01) and (2) Tata AIA Vitality Protect Advance - A Non-Linked, Non- Participating Individual Health Product (UIN: 110N178V01).
- Param Raksha Life Maxima + is designed for combination of benefits of following individual and separate products named (1) Tata AIA Smart Sampoorna Raksha Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V01) and (2) Tata AIA Vitality Protect Advance, A Non-Linked, Non- Participating Individual Health Product (UIN: 110N178V01).
- Param Raksha Life Pro is designed for combination of benefits of following individual and separate products named (1) Tata AIA Smart Sampoorna Raksha Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V01) and (2) Tata AIA Vitality Protect Advance, A Non-Linked, Non- Participating Individual Health Product (UIN: 110N178V01).
- Param Raksha Life Advantage + is designed for combination of benefits of following individual and separate products named (1) Tata AIA Smart Sampoorna Raksha Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V01) and (2) Tata AIA Vitality Protect Advance, A Non-Linked, Non- Participating Individual Health Product (UIN: 110N178V01).
- Param Raksha Life Growth + is designed for combination of benefits of following individual and separate products named (1) Tata AIA Smart Sampoorna Raksha Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V01) and (2) Tata AIA Vitality Protect Advance, A Non-Linked, Non- Participating Individual Health Product (UIN: 110N178V01).
- Param Raksha Life Pro Advance is designed for combination of benefits of following individual and separate products named (1) Tata AIA Smart Sampoorna Raksha Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN: 110L179V01) and (2) Tata AIA Vitality Protect Advance, A Non-Linked, Non- Participating Individual Health Product (UIN: 110N178V01).
- These products are also available for sale individually without the combination offered/ suggested. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer the detailed sales brochure of respective individual products mentioned herein before concluding sale.
- ^~Market-linked returns are subject to market risks and terms & conditions of the product. The assumed rate of returns or illustrated amount may not be guaranteed and depends on market fluctuations.
- ¹*5-year computed NAV for Multi Cap Fund as of Oct 2024. Other funds are also available. Benchmark of this fund is S&P BSE 200.
- ²All funds open for new business which have completed 5 years since inception are rated 4 star or 5 star by Morningstar as of August 2024
- ³©2024 Morningstar. All rights reserved. The Morningstar name is a registered trademark of Morningstar, Inc. in India and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited (“Morningstar”); (2) may not be copied, redistributed or used, by any means, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from data published on various dates and procured from various sources and (5) shall not be construed as an offer to buy or sell any security or other investment vehicle. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates or agents shall be responsible or liable for any trading decisions, damages or other losses resulting directly or indirectly from the information.
- ⁴The Insured Amount under this option is payable on earlier of death or diagnosis of Terminal illness of the Life Insured. Please refer Terms and Condition for more details.
- ⁵This is only applicable for policies sourced through online channels. For more details, please refer to Tata AIA Smart Sampoorna Raksha Supreme Brochure.
- ⁶Income 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 implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
- ⁷On survival to the end of the policy term, the Total Fund Value including Top-Up Premium Fund Value valued at applicable NAV on the date of Maturity will be paid.
- ⁸The Insured Amount under this option is payable on earlier of death or diagnosis of Terminal illness of the Life Insured. Please refer Terms and Condition for more details
- ⁹Tata AIA Vitality - A Wellness Program that offers you an upfront discount at policy inception. You can also earn premium discount / cover booster (as applicable) for subsequent years on policy anniversary basis your Vitality Status (tracked on Vitality app). Please refer rider brochures for additional details on health and wellness benefits.
- Vitality is a trademark licensed to Tata AIA Life by Amplify Health Assets PTE. Limited, a joint venture between Vitality Group International, INC. and AIA Company Limited. The assessment under the wellness program shall not be considered as a medical advice or a substitute to a consultation/treatment by a professional medical practitioner.
- ¹⁰On enrolling into the wellness Program, you get an upfront discount of 5% on rst year premium for Accidental Death, Accidental Total & Permanent Disability, and of 10% on rst year premiums of term booster benefit options. The rewards are offered on cumulative basis and in any year, the maximum rewards in view of both the upfront rewards and annual rewards ex together shall be 15% for Accidental Death & Accidental Total & Permanent Disability and 30% for term booster benefit options. Discount is driven by accumulated points which is achieved through wellness status. Please refer policy document for more details.
- Individual Death Claim Settlement Ratio is 99.13% for FY 2023 - 24 as per the latest annual audited figures.
- Life insurance cover is available under the solution. For details on products, associated risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
- The precise terms and condition of this plan are specified in the Policy Contract.
- Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal to) a year, with reinvestment of dividends (if any).
- Please know the associated risks and the applicable charges, from your Insurance Agent or the Intermediary or Policy Document issued by the Insurance Company. Please make your own independent decision after consulting your financial or another professional advisor.
- The performance of the managed portfolios and funds is not guaranteed, and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.
- The solution is underwritten by Tata AIA Life Insurance Company Limited. The solutions are not guaranteed issuance solutions, and it will be subject to Company’s underwriting and acceptance.
- 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 all the premiums paid. Unit Linked Life Insurance products are different from traditional insurance products and are subject to risk factors.
- The fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the “Company”). Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Smart Sampoorna Raksha Supreme is only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
- Various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. Premium paid in Unit Linked Life Insurance policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the insured is responsible for his/her decisions.
- Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal to) a year, with reinvestment of dividends (if any). Life insurance cover is available under the solution. For details on products, associated risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
- L&C/Advt/2024/Nov/3697