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In this policy, the investment risk in investment portfolio is borne by the policyholder.

A rewarding plan with Wealth,
Wellness# and Protection


In this policy, the investment risk in investment portfolio is borne by the policyholder.

A rewarding plan with Wealth, Wellness# and Protection

 

Param Rakshak Pro

Enjoy the benefit of life insurance combined with market-linked wealth creation
and the access to Tata AIA Vitality wellness# program. So, don’t just be well
when you can be well-thy!

 

Param Rakshak Pro

Enjoy the benefit of life insurance combined with market-linked wealth creation and the access to Tata AIA Vitality wellness# program. So, don’t just be well when you can be well-thy!

  • Get a life cover with lump sum benefit on maturity*

  • In-built protection against accidental death, disability, and terminal illness

  • Get cover till 100 years of age

Comprehensive wealth solution with life cover and premium discount$

Comprehensive wealth solution with life cover and premium discount$

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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.

    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)


    Plan Snapshot

    Personalise your plan as per your priorities.

    • Top rated funds
      All funds rated 4 or 5 star^ by Morningstar~

    • Flexi premiums
      Choose Premium Payment Term basis your affordability starting 5 years up to 67 years

    • Second Income
      Create second income with Systematic Withdrawal Plan

    • Inbuilt coverage for

      • Accidental Death
      • Accidental Total and Permanent Disability
      • Terminal Illness
    • Double benefitin case of Accidental Death or Total and Permanent Disability in public transport
    • Access to Tata AIA Vitality programEarn up to 10%$ upfront premium discount on 1st year rider premium & up to 30%$ discount on rider premium 2nd year onwards
    Need advice on a new plan?
    Let our experts get back to you.
     

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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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    Looking to buy a new insurance plan? 

    Our experts are happy to help you!

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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

    Benefits of Tata AIA Param Rakshak Pro

    • 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 maturity* amount, you will also get back all the rider premiums paid by you at the end of the policy term.

    • Accidental Total & Permanent Disability

      Extra cover against accidental total and permanent disability in case of an accident. Double benefit4 in case accident occurs in public transport or other specified circumstances.

    • Accidental Death

      An additional sum assured, will be paid to your family in case of accidental death. Benefit will be doubled4 in case of death due to accident in public transport or other specified circumstances.

    • Terminal Illness Cover with Term Booster1

      In case you are diagnosed with a terminal illness, you can receive 10% of your sum assured under your life insurance policy.

    • Wellness Program

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

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    What is Tata AIA Vitality# (Wellness Program)?


    The Tata AIA Vitality is a holistic and comprehensive reward-based wellness# 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 discount$ 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.

    Desktop Banner Image
    Know-your-health

    Know your health

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

    Improve-your-health

    Improve your health

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

    Get-rewarded

    Get rewarded

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


     

    Eligibility of Param Rakshak Pro

    Plan Parameters

    Minimum Age of Entry

    18 years

    Maximum Age of Entry

    65 years

    Maximum Maturity Age

    Base Cover – 100 years

    Term Booster – 100 years

    ADB and ATPD – 85 years

    Policy Term

    20 to 82 years, subject to maximum age at maturity

    Premium Paying Term

    5 to 67 years

    Minimum Premium2

    Base Plan Premium:

    Single Pay: ₹ 20,000 p.a.

    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 - ₹ 50 Lakhs

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

    ADB and ATPD - Same as base

    ADB and ATPD – 5 Crores


    Age as on Last Birthday

    See All See Less


    How Does This Plan Work?
     

    • 01

      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.
    • 02

      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 lakhs.
    • 03

      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

    What does Param Rakshak Pro comprise of?

    Param Rakshak Pro comprises of comprehensive life insurance coverage with market-linked returns@ boosted by in-built rider3 options with the Wellness Program under Tata AIA Vitality#.

    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 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 Wellness# Program, you get an upfront discount 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 Pro?

    The maturity benefit offered under this policy is the total fund value of your investment at 4% or 8%, as maturity* 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 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). Tata AIA Smart Sampoorna Raksha Pro is also available individually for sale.

    • Critical Illness, Accidental Death, Accidental Disability, Term Booster are available with Tata AIA Vitality Protect Plus (UIN: 110A048V02).

    • 1The 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. 

    • 2All 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.

    • 3Certain riders are inbuilt in this solution and are 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. 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.

    • 4Refer rider brochure for details.

    • *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. 

    • ^All 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 Nov’ 2023

    • ~©2020 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 the data published on various dates and procured from various sources and (4) shall not be construed as a n 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 traducing decisions, damages or other losses resulting directly or indirectly from the information

    • #Tata 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.

    • $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 _ex 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.

    • 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).

    • @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

    • 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/Jan/0210