Param Rakshak Pro 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).
Get returns by investing in funds rated 4 or 5 stars8 by Morningstar9, reflecting strong performance and reliability.
Get comprehensive life cover to protect your loved ones in the case of any unfortunate event.
Extra cover13 for total and permanent disability due to accidents, with double benefit for accidents in public transport or specified situations.
If the life insured is diagnosed with a terminal illness, they will receive 10% of the sum assured under the life insurance policy.
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.
Save up to ₹46,8004 in taxes on the premiums paid, which qualify for tax6 deductions of up to ₹1.5 lakh under Section 80C.
Is Param Rakshak Pro a Term Plan or a ULIP Plan?
Param Rakshak Pro is a combination of both. It offers the protection of a term plan by providing life cover and also the wealth creation benefits of a ULIP plan by investing in market-linked12 funds.
What does Param Rakshak Pro comprise of?
Param Rakshak Pro comprises of comprehensive life insurance coverage with market-linked returns11 boosted by in-built rider3 options with the Wellness Program under Tata AIA Vitality10.
Can I switch between different funds in this plan?
Yes, Tata AIA Param Rakshak Pro offers the flexibility to switch between various market-linked funds, allowing you to adapt your investment strategy based on market conditions and your financial goals.
Are there any tax benefits associated with Tata AIA Param Rakshak Pro?
Yes, premiums paid, and benefits received under this plan are eligible for tax benefits under Sections 80C and 10(10D) of the Income Tax Act, subject to the prevailing tax laws. This can help you save on taxes while securing your financial future.
Disclaimer
Tata AIA Life Insurance Company Ltd. (IRDA Regn. No. 110 ·CIN:U66010MH2000PLC128403. Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 400013. Trade logo displayed above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Company Ltd under a license. For any information including cancellation, claims and complaints, please contact our Insurance Advisor/Intermediary or visit Tata AIA Life's nearest branch office or call 1-860-266-9966 or write to us at customercare@tataaia.com. Visit us at www.tataaia.com
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint. |