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Param Rakshak (Return of Premium) 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: 110A048V04). Tata AIA Life Insurance Smart Sampoorna Raksha is also available individually for sale.
Personalise your plan as per your priorities.
Limited pay: 5/10/12 years or Regular pay
Coverage against Death and Total & Permanent disability due to accident
Tata AIA Vitality Wellness8 Program provides up to 10%9 discount on rider premiums
Are you an NRI?
Get market-linked3 returns on maturity of the policy
Get financial security for your family, in form of a life cover and safeguard against unforeseen circumstances
Get life cover till 100 years4 of age
Get Fund value on Maturity1 + Return of all rider premiums
Avail tax benefits as per applicable tax laws
Improve your health and get up to 10% discount9 on your first-year rider premium
Get market-linked3 returns on maturity of the policy
Get financial security for your family, in form of a life cover and safeguard against unforeseen circumstances
Get life cover till 100 years4 of age
Get the fund value on maturity from the base plan
Avail tax benefits as per applicable tax laws
Improve your health and get up to 10% discount9 on your first-year rider premium
Eligibility Criteria
Minimum Age at Issue |
18 Years |
Maximum Age at Issue |
60 Years |
Policy Term |
30 To 40 Years |
Available Premium Payment Term Options |
Limited Pay: 5/10/12 Years and Regular Pay |
Premium Payment Frequency Options |
You can pay your premiums with Annual, Half Yearly, Quarterly and Monthly mode |
Maximum Age at Maturity |
Base Cover - 100 Years |
Minimum Sum Assured |
Base (Life cover) – Rs. 50 Lakhs Accidental Death and Accidental Total and Permanent Disability – Rs. 50 Lakhs |
Maximum Sum Assured |
Base (Life cover) – No Limit Accidental Death and Accidental Total and Permanent Disability – Rs. 2 Cr. |
What is the minimum premium that I have to pay if I purchase the Param Rakshak solution?
If you are purchasing the Param Rakshak solution, the minimum premium amount, depending upon the premium payment term, is as follows.
Base Plan Premium: 5 Pay – Rs. 60,000 per annum
Other Premium payment terms – 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, half yearly, quarterly or monthly.
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.
Email us at: customercare@tataaia.com
Call our helpline number - 1860-266-9966 (local charges apply)
Walk into any of the TALIC branch offices
Write directly to us at:
The Claims Department,
Tata AIA Life Insurance Company Limited
B- wing, 9th Floor,
I-Think Techno Campus,
Behind TCS, Pokhran Road No.2,
Close to Eastern Express Highway,
Thane (West) 400 607.
IRDA Regn No. 110
Our experts are happy to help you!
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.
Param Rakshak (Return of Premium) 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: 110A048V04). Tata AIA Life Insurance Smart Sampoorna Raksha is also available individually for sale.
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. The customer is advised to refer the detailed sales brochure of respective individual product and riders mentioned herein before concluding sale.
3The 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
4Subject to a maximum policy term of 40 years
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
6©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.
7Income 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 implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
8Tata 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.
9On 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 flex 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.
The solutions are not guaranteed issuance solutions and it will be subject to Company’s underwriting and acceptance. Benefits stipulated are available only if all the premiums are paid as per the premium paying term and the policies are in force till the completion of entire policy term opted for.
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). 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.
All Premiums, Charges, and interest payable under 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, charges or interest. Tata AIA Life shall have the right to claim, deduct, adjust and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. For more details on benefits, premiums and exclusions under the Rider(s), please refer to the Rider Brochures or contact Tata AIA Life's Insurance Advisor/Intermediary/ Branch.
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.
The products are underwritten by Tata AIA Life Insurance Company Ltd.
The plans are not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
Insurance cover is available under this solution.
L&C/Advt/2024/Oct/3216