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FOR EXISTING POLICY
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Plan Snapshot
Personalise your plan as per your priorities.
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All funds rated 4 or 5 star5 by Morningstar9
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Flexi premiums
Choose Premium Payment Term basis your affordability starting 5 years up to 67 years -
Get upfront first year discount11 on Vitality Protect Advance premiums
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Inbuilt coverage for
- Accidental Death
- Accidental Total and Permanent Disability
- Terminal Illness
- Get income tax6 benefits as per applicable tax laws
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Let our experts get back to you.
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This advertisement is combination of products namely, Tata AIA Smart Sampoorna Raksha Supreme (UIN: 110L179V01) and Tata AIA Vitality Protect Advance (UIN: 110N178V01).
Param Raksha Life Pro +
Tata AIA Param Raksha Life Pro + is a comprehensive life insurance solution offering comprehensive protection along with wealth creation benefits. It provides flexible options for securing your family’s future while maximizing financial growth through market linked returns11.
Why Choose Tata AIA Param Raksha Life Pro + Solution?
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Our Top Rated Funds
Our funds have been rated 4 or 5 stars5 by Morningstar9, reflecting their strong performance and reliability.
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Get Financial Protection
The life cover under this policy offers a lump sum benefit to your loved ones in the case of any unfortunate event.
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Comprehensive Coverage
This plan provides comprehensive coverage against Accidental Death, Accidental Total and Permanent Disability and Terminal Illness.
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Affordable Premiums
Choose premium payment term basis your convenience starting from 5 years up to 67 years.
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Terminal Illness Cover with Term Booster1
If the life insured is diagnosed with a terminal illness, they will receive 10% of the sum assured under the life insurance policy.
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Get Total Fund Value + Tata AIA Vitality Protect Advance Premiums Back
Apart from the total fund value as maturity7 amount, you will also get back all the premiums paid by you towards Tata AIA Vitality Protect Advance at the end of the policy term. -
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Accidental Total & Permanent Disability
Extra cover against accidental total and permanent disability in case of an accident. Double benefit4 in case accident occurs in public transport or other specified circumstances.
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Accidental Death
An additional sum assured, will be paid to your family in case of accidental death. Benefit will be doubled4 in case of death due to accident in public transport or other specified circumstances.
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Avail Wellness Program
Earn rewards for following a healthy lifestyle through the Tata AIA Vitality Wellness10 Program with the benefit of up to 10%11 upfront premium discount on Tata AIA Vitality Protect Advance premiums in the 1st year.
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Get Income Tax Benefits
Get income tax6 benefits as per applicable income tax laws and save more.
Eligibility Criteria
Plan Parameters |
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Minimum Age of Entry |
18 years |
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Maximum Age of Entry |
65 years |
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Maximum Maturity Age |
Life Cover – 100 years ADB and ATPD – 85 years |
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Policy Term |
30 to 82 years, subject to maximum age at maturity |
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Premium Paying Term |
5 to 67 years |
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Minimum Premium2 |
Limited Pay 5-6 years: ₹20,000 per annum Limited Pay 7-9 years: ₹18,000 per annum Other Premium Payment Terms: ₹15,000 per annum |
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Premium Mode |
Annual, Half-yearly, Quarterly and Monthly |
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Sum Assured |
Minimum |
Maximum |
Base (Life cover), including Term booster - ₹50 Lakhs
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Base (Life cover), including Term booster - No Limit |
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ADB and ATPD - ₹45 Lakhs |
ADB and ATPD – ₹5 Crores |
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Age as on Last Birthday
How to purchase this plan?
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01
Speak to our Expert
You can contact our financial advisor who will guide you to choose the right plan option to fulfil your life goals. -
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Select the Sum Assured
Choose a suitable sum assured amount under the policy as per your life insurance needs, starting from a minimum sum assured of 50 lakhs. -
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Choose the Policy Term, Premium Payment Term and Mode of Payment
Opt for a flexible premium paying term, policy term and premium payment mode so that you can easily pay affordable and reasonable premiums.
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Frequently Asked Questions
What is a Unit Linked Insurance Plan?
A Unit Linked Insurance Plan (ULIP) is a type of life insurance that provides benefits of both life insurance and wealth creation. Premiums paid are partly used to provide life cover, and the remaining portion is invested in a mix of equity, debt, or balanced funds based on the policyholder's preference. There is a monthly deduction for the life cover provided to you from your fund value.
What is Term Booster in Tata AIA?
The Term Booster1 is an additional feature that enhances the coverage of your policy. If the life insured is diagnosed with a terminal illness, they will receive 10% of the sum assured under the life insurance policy.
What does Param Raksha Life Pro + comprise of?
Param Raksha Life Pro + comprises of comprehensive life insurance coverage with market-linked returns11 boosted by the Wellness Program under Tata AIA Vitality10.
How does the Wellness Program work?
The Wellness10 Program is based on points that you can earn by completing online health assessments and by meeting daily and weekly physical activity goals. There are 4 different levels under the Wellness Program, and you can move from one level to the next, basis the points you have earned through your targets and your assessments.
How do I earn rewards through the Wellness Program?
With the Wellness10 Program, you get an upfront discount of up to 10% on your Tata AIA Vitality Protect Advance premiums for the first policy year. Apart from that, you can also be rewarded for improving your Wellness Status by moving from one wellness level to another, as per the points earned from online health reviews and daily and weekly fitness targets.
What is the maturity benefit of Param Raksha Life Pro +?
The maturity benefit offered under this policy is the total fund value of your investment at 4% or 8%, as maturity7 amount including loyalty additions and other refundable charges, along with the return of all the premiums paid towards the Tata AIA Vitality Protect Advance life insurance policy.
Disclaimer
- This advertisement 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.
- Critical Illness, Accidental Death, Accidental Disability, Term Booster are available with Tata AIA Vitality Protect Advance (UIN: 110N178V01).
- 1The Insured Amount under Term Booster option (in Vitality Protect Advance) is payable on earlier of death or diagnosis of Terminal illness of the Life Insured. Please refer Terms and Conditions for more details.
- 2All Premiums in the policy are exclusive of applicable taxes, duties, surcharge, cesses or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium.
- 3Certain options are inbuilt in this solution and are attached at inception if you have purchased this solution. For more details on benefi ts, premiums and exclusions, please contact Tata AIA Life's Insurance Advisor/Intermediary/ branch. 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.
- 4Refer Tata AIA Vitality Protect Advance brochure for details.
- 5All 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.
- 6Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment 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.
- 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.
- Some bene fits are guaranteed and some benefi ts are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed’. If your policy offer variable benefits then it will show two different rates of assumed future investment returns. These assumed rate of return are not guaranteed and these are not the upper or lower limits of what you might get back, as the value of your policy is dependent on a number of factors including actual future investment performance.
- 85-year computed NAV for Multi Cap Fund as of Aug 2024. Other funds are also available. Benchmark of this fund is S&P BSE 200.
- 9©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.
- 10Tata 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 Tata AIA Vitality Protect Advance brochure 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.
- 11On enrolling into the wellness Program, you get an upfront discount of 5% on first year premium for Accidental Death, Accidental Total & Permanent Disability, and of 10% on first year premiums of Term Booster benefit option. The rewards are offered on cumulative basis and in any year, the maximum rewards in view of both the upfront rewards and annual rewards flex together shall be 15% for Accidental Death & Accidental Total & Permanent Disability and 30% for Term Booster benefit option. Discount is driven by accumulated points which is achieved through wellness status. Please refer policy document for more details.
- 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).
- ~The 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. The 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. On 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
- 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 fi nancial 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/Sep/2690
