Benefits of Tata AIA Life Insurance Param Rakshak IV
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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 Rakshak IV solution comprises of Tata AIA Life Insurance Smart Sampoorna Raksha, A Non-participating, Unit linked, Individual Life Insurance Savings Plan (UIN: 110L156V04) and Tata AIA Vitality Protect Plus, A Non-linked, Non-participating, Individual Health Rider (UIN: 110A048V03).
Plan Parameters |
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Minimum Age of Entry |
18 years |
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Maximum Age of Entry |
60 years |
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Maximum Maturity Age |
Base Cover – 100 years Term Booster – 100 years |
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Policy Term |
30 or 40 years, subject to maximum age at maturity |
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Premium Paying Term |
5/ 10/ 12 and Regular Pay |
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Minimum Premium7 |
Base Plan Premium: 5 Pay – Rs. 60,000 p.a. Others – Rs. 18,000 p.a. |
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Premium Mode |
Annual, Half-yearly, Quarterly and Monthly |
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Sum Assured |
Minimum |
Maximum |
Base (Life cover), including TTI rider - 50 Lakh
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Base (Life cover), including TTI rider - No Limit |
Age as on Last Birthday
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.
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 Lakh.
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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How does the Wellness Program work?
The Wellness 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 Program3, 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 Wellness Program3, you get an upfront discount4 of 10% on your life insurance rider 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 Rakshak IV?
The maturity benefit offered under this policy is the total fund value of your investment at 4% or 8%, as maturity8 amount including loyalty additions and other refundable charges, along with the return of Term Booster rider premium paid towards the life insurance policy.
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