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Plan 360° protection with health, wealth, and life cover.

Plan 360° protection with health, wealth, and life cover.

+91

    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.

    Param Rakshak Prime solution comprises of Tata AIA Smart Sampoorna Raksha Pro, A Unit-linked, Non-participating, Individual Life Insurance Plan (UIN: 110L172V01) and Tata AIA Vitality Protect Plus, A Non-linked, Non-participating, Individual Health Rider (UIN: 110A048V03) Tata AIA Smart Sampoorna Raksha Pro is also available individually for sale.

     

    Plan Snapshot

    Personalise your plan as per your priorities.

    • Top rated funds

      Our funds have been rated 4 or 5 star5 by Morningstar6

    • Flexi premiums

      Choose Premium Payment Term basis your affordability starting 5 years up to 85 years.

    • Second Income

      Create second income with Systematic Withdrawal Plan.

    • Inbuilt coverage for

      Terminal Illness

    • Access to Tata AIA Vitality program2

      Earn up to 10% upfront premium discount4 on 1st year rider premium & up to 30% discount4 on rider premium 2nd year onwards

    Need assistance?
    Let our experts get back to you

    +91


    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.

    There was some error in submitting details please try again

    Looking to buy a new insurance plan?

    Our experts are happy to help you!

    +91

    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

    Benefits of Tata AIA Param Rakshak Prime

    • 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.

    • Get Total Fund Value + Rider Premiums Back

      Apart from the total fund value as maturity7 amount, you will also get back all the rider premiums paid by you at the end of the policy term.

    • Terminal Illness Cover with Term Booster8

      In case you are diagnosed with a terminal illness, you can receive up to 50% of your sum assured under your life insurance policy.

    • Wellness Program

      Earn rewards for following a healthy lifestyle through the Tata AIA Vitality Wellness2 Program with the benefit of up to 10%4 upfront premium discount on rider premiums in the 1st year.

    What is Tata AIA Vitality2 (Wellness Program)?
     

    The Tata AIA Vitality is a holistic and comprehensive reward-based wellness2 program aimed at helping you improve your health, well-being, and lifestyle habits. The program enables you to follow healthy habits and achieve regular health targets through curated activities and online health assessments to keep a check on your fitness levels.

    When you start the Wellness Program and progress along the way, you can earn benefits such as a discount4 of up to 10% on your rider policy premium for the 1st year. You will also be rewarded for moving from one level to the next to improve your Wellness Status, which will be determined by the points earned through these assessments and activities.


     

    1698404205713

    Know your health

    Vitality Health Check and Online Assessments help you keep track of your physical and mental fitness.

    1698404209428

    Improve your health

    Weekly Challenges to motivate you to stay active and boost your Vitality status.

    1705485281591

    Get rewarded

    Upfront discount4 of 10% on rider premium and renewal discount up to 30% on insurance premium.

    Eligibility of Param Rakshak Prime

    Plan Parameters

    Minimum Age of Entry

    23 years

    Maximum Age of Entry

    65 years

    Maximum Maturity Age

    Base Cover – 100 years

    Term Booster – 100 years

    Policy Term

    100 less entry age (Whole of Life)

    Premium Paying Term

    5 years to up to 85 years of age for Limited Pay

    Minimum Premium9

    Limited Pay 5-6 years:  ₹ 20,000 p.a.

      Limited Pay 7-9 years:  ₹ 18,000 p.a.

    Other Premium Payment Terms: ₹ 15,000 p.a.

    Premium Mode

    Single, Annual, Half-yearly, Quarterly and Monthly

    Sum Assured

    Minimum

    Maximum

    Base (Life cover), including TTI rider – 1 Crore

    Base (Life cover), including TTI rider - No Limit

     

     


    Age as on Last Birthday

    • How Does This Plan Work?

      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 1 Crore.

      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.

    Looking to buy a new insurance plan?

    Our experts are happy to help you!

    +91

    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

    Frequently Asked Questions (FAQs)

    What does Param Rakshak Prime comprise of?

    Param Rakshak Prime comprises of comprehensive life insurance coverage with market-linked returns1 boosted by in-built rider10 option with the Wellness Program2 under Tata AIA Vitality.

    How does the Wellness Program work?

    The Wellness2 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 Wellness2 Program, you get an upfront discount4 of up to 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 Prime?

    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 rider premiums paid towards the life insurance policy.

    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 Rakshak Prime solution comprises of Tata AIA Smart Sampoorna Raksha Pro, A Unit-linked, Non-participating, Individual Life Insurance Plan (UIN: 110L172V01) and Tata AIA Vitality Protect Plus, A Non-linked, Non-participating, Individual Health Rider (UIN: 110A048V03). Tata AIA Smart Sampoorna Raksha Pro is also available individually for sale.
    • 1The 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
    • 2Tata 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.
    • 35-year computed NAV for Multi Cap Fund as of February 2024. Other funds are also available. Benchmark of this fund is S&P BSE 200.
    • 4On 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 rider 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 Disability Care and 30% for all other rider benefit options. Discount is driven by accumulated points which is achieved through wellness status. Please refer policy document for more details.
    • 5All funds open for new business which have completed 5 years since inception are rated 4 or 5 star by Morningstar on a 5 year basis as of Feb’ 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.
    • 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 Term Booster option (in Vitality Protect Plus rider) is payable on earlier of death or diagnosis of Terminal illness of the Life Insured. Please refer Terms and Conditions for more details.
    • 9All 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.
    • 10Term booster rider is inbuilt in this solution and is attached at inception if you have purchased this solution. For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/Intermediary/ branch.
    • &Some benefits are guaranteed and some benefits 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" in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they 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.
    • ++If Return of Balance Premium option is chosen with any of the benefit option/s, an amount equal to the Total Premiums Paid (excluding loading for modal premiums) towards the benefit option, less any claim amount already paid out under the respective benefit option, shall be payable at the end of the benefit option term, provided the benefit option is not terminated.
    • 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 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 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 Pro 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/Mar/0774