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

Tata AIA Life InsuranceParam Rakshak II

A Comprehensive solution that focuses on savings with market-linked returns~

Tata AIA Life Insurance Param Rakshak II offers complete financial, health, and life cover protection to you and your family for a worry-free life!

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Benefits of Tata AIA Life Insurance Param Rakshak II

This comprehensive savings solution offers the following benefits:

  • Life Insurance Coverage

    Get life insurance coverage for up to 100 years with this plan to protect your family for many years to come!

  • The Flexibility of Premium Payment

    Choose between the Regular Premium Pay or Limited Premium Pay options to pay the premiums towards your policy, at your convenience, on an annual basis.

  • Tax Benefits

    Get Income tax** benefits as per applicable tax laws.

  • Return of Fund Value

    Receive the fund value of your investment on the maturity of the policy at the rate of 4% or 8% to boost your savings.

  • Accidental Death

    Safeguard your family with additional Sum Assured in case of Accidental Death and 2X Additional Sum Assured in case of unfortunate accidental death in public transport.

  • Accidental Total and Permanent Disability

    In case of an accident, if you suffer a total and permanent disability due to the injuries, your family a lump sum amount to replace the loss of income due to your disability under the Accidental Total and Permanent Disability Benefit.

  • Comprehensive coverage

    The Tata AIA Life Insurance Param Rakshak II offers a life cover, health cover and savings solution so that you and your family can receive comprehensive coverage.

  • Flexible Premiums Payments

    Make easy annualised premium payments for your base policy as per your premium payment mode and term to avail a total life cover of 1 crore.

  • Choice of funds

    Choose one or all of the 11 fund options provided under the plan or opt for the Enhanced Systematic Money Allocation & Regular Transfer (Enhanced SMART) portfolio strategy.

  • Tata AIA Vitality (Wellness Program)#

    A comprehensive wellness program that helps you understand and improve your health thereby offering premium discounts on your policy basis the points earned.

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What is Tata AIA Vitality (Wellness Program)#


Tata AIA Vitality is a globally recognized, holistic and science-based wellness program that helps you understand and improve your health while also rewarding you. The rewards may be in the form of Discount on Premium, Cover Booster etc. 

On enrolling into the Wellness Program, you can get an upfront discount of up to 10% on your premium. The premium discount in the subsequent years may increase or decrease based on your Wellness status (Decided based on your engagement levels, i.e., completion of health assessments, achievement of fitness goals etc.).

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Check Eligibility and Documents Required

Eligibility Criteria

Policy Term

40 years

30 years

Entry Age

Minimum - 18 years

Maximum - 45 years

55 years

Maximum Maturity Age

85 years

Coverage Term

30 or 40 years, subject to the maximum maturity age

Premium Payment Term (PPT)

Limited Pay - 5/10/12 years

Regular Pay as per the policy term

Rider PPT will be the same as the base plan PPT as per the maximum maturity age of chosen riders

Minimum Premium

Limited Pay (5 years) - 60,000 per annum ^^

Limited Pay (10/12 years) and Regular Pay - 18,000 per annum ^^

Premium Mode

Annual, Half yearly, Quarterly and Monthly


All references to age are as on last birthday. Base Plan - Tata AIA Life Insurance Smart Sampoorna Raksha, ADB - Accidental Death Benefit, ATPD - Accidental Total and Permanent Disability Benefit, Term Benefit with Accelerated Terminal Illness

Documents Required

Pan Card - Documents required to purchase Sampoorna Raksha Supreme Plan
PAN card

Aadhar Card - Documents required to purchase Sampoorna Raksha Supreme Plan
Aadhar Card

Bank Statement of the past 6 months - Documents required to purchase Sampoorna Raksha Supreme Plan
Bank statement

(for the previous 6 months)

Salary Slip - Documents required to purchase Sampoorna Raksha Supreme Plan
Salary Slip

Income Tax Reciept - Documents required to purchase a policy
Income Tax Reciept

How Does This Plan Work?

Step 1 - Choose Sum Assured and Premium Payment Option

Select the sum assured and premium payment option as per your financial goals

Step 2 - Select Policy Term and Premium Payment Mode

Policy Term

30 years or 40 years

Premium Payment Mode

Annual, Half-yearly, Quarterly, Monthly

 

Step 3 - Payment Options

Purchase the plan quickly and easily online after customizing it as per your needs and make the payment through any of the given digital channels, as per the premium displayed on the screen. 

Downloads

Download Leaflet

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Disclaimers
  • 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.
  • Tata AIA Life Insurance Param Rakshak II solution comprises of Tata AIA Life Insurance Smart Sampoorna Raksha, A Unit-linked, Non-participating, Individual Life Insurance Plan for Savings and Protection (UIN:110L156V02), Tata AIA Vitality Protect Plus, Non-participating, Individual Health Rider (UIN: 110A048V01) and Tata AIA Vitality Health Plus, A Non-linked, Non-participating, Individual Health Rider (UIN: 110A047V01). Tata AIA Life Insurance Smart Sampoorna Raksha is also available individually for sale.
  • 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 Life Insurance Smart Sampoorna Raksha 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. The precise terms and condition of this plan are specified in the Policy Contract.
  • 1On 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. Tata AIA Life Insurance Smart Sampoorna Raksha is also available individually for sale. Applicable for select policies only.
  • ~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
  • **Income 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 for tax implications mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you. Buying a life Insurance policy/rider is a long-term commitment. Early termination of the policy/benefit option under a rider usually involves high costs, and the surrender value payable may be less than all the premiums paid.
  • All Premiums are subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.
  • The solutions are underwritten by Tata AIA Life Insurance Company Limited. For more details on the benefits, premiums, and exclusions under the rider, please refer to the Rider Brochure or contact our Insurance Advisor /Intermediary or visit our nearest branch office.
  • Insurance cover is available under this product. This product is underwritten by Tata AIA Life Insurance Company Limited. The plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance. This product will be offered to Standard lives only.
  • Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Life Insurance Param Rakshak Plus 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.
  • The fund is managed by Tata AIA Life Insurance Company Ltd.
  • For more details on risk factors, terms and conditions of respective individual product and riders mentioned herein, please read Sales Brochure carefully before concluding a sale. The precise terms and conditions 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).
  • Investments are subject to market risks. The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market.
  • Please make your own independent decision after consulting your financial or other professional advisor.
  • Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Please know the associated risks and the applicable charges, from your Insurance Agent or Intermediary or Policy Document issued by the Insurance Company.
  • 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. The underlying Fund's NAV will be affected by interest rates and the performance of the underlying stocks.
  • 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.
  • Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document issued by the Insurance Company.
  • “All investments made by the Company are subject to market risks. The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market. 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 other 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 solutions are underwritten by Tata AIA Life Insurance Company Limited.”
  • #On enrolling into the wellness Program, you get an upfront discount of 5% on first year premium for Accidental Death, Accidental Total & Permanent Disability, Accidental Disability Care Benefits and of 10% on first year premiums of the other 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 together shall be 15% for Accidental Disability Care and 30% for all other benefit options. Discount is driven by accumulated points which is achieved through wellness status. Please refer policy document for more details.
  • 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 (Tata AIA Vitality) shall not be considered as a medical advice or a substitute to a consultation/treatment by a professional medical practitioner.
  • L&C/Advt/2022/Oct/2573

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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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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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