Tata AIA Life Insurance
Param Rakshak Solution

Sometimes, a pure term insurance plan, or a life insurance investment plan aren’t enough to offer a complete and comprehensive solution to your family. We take great care, and go to great lengths to secure the financial future of our loved ones, and ensure their well-being. As such, we require a unique, holistic plan that covers our wealth and protection needs.

This is where the Tata AIA Life Insurance Param Rakshak solution comes in, which comprises of Tata AIA Life Insurance Smart Sampoorna Raksha, a Unit-linked, Non-participating, Individual Life Insurance Plan for Savings and Protection (UIN:110L156V01), and Tata AIA Life Insurance Linked Comprehensive Protection Rider, a Non-linked, Non-participating, Individual Health Rider (UIN: 110A032V02). This gives you a comprehensive, 360-degree protection and coverage, and secures the future of your loved ones.


Market-linked returns

Get market-linked returns on maturity of the policy

Lump-sum benefit

In the event of unfortunate death of policyholder, a lump-sum benefit is paid to family

Accidental death benefit


  • Additional sum assured in case of accidental death
  • Two times the additional sum assured in case of accidental death in a public transport

Accidental total & permanent disability benefit

  • Benefit payout in case of total and permanent disability due to accident
  • Two times the benefit payout in case of disability due to an accident in public transport

Highlights of Tata AIA Life Insurance Param Rakshak Solution

Choose to pay your premium periodically (on annual basis) for a limited / regular period
The plan offers you coverage up to the age of 100
Get the fund value on maturity from the base plan
Depending upon the maximum maturity age, the coverage term can be 30 - 40 years
Avail tax benefits as per applicable tax laws

Add Life Insurance Investment Riders

Tata AIA Life Insurance Linked Comprehensive Protection Rider 

You can choose one or more benefit options (risk covers), including death, accidental death / disability, critical illness and terminal illness
Flexibility to receive benefit as combination of lump-sum and income for fixed period, income till survival of partner, or as waiver of future premiums
Know More
Check eligibility Documents required

Age at entry

 Minimum age at issue   18 years 
 Maximum age at issue   60 years 

Policy term

 Policy term   30 to 40 years 

Premium payment term

Available premium payment term options   Limited pay: 5/10/12 years and Regular pay
Rider PPT will be the same as the base plan
(Subject to max maturity age of chosen riders)  

Premium payment mode

 Premium payment frequency options   Annual 

Age at maturity

Maximum age at maturity 
Base cover - 100 years
Accidental death benefit, Accidental total and permanent disability
benefit - 85 years 

Sum assured

 Minimum sum assured 
 Base (Life cover) – Rs. 50 Lakhs
 ADB and ATPD – Rs. 50 Lakhs
 Maximum sum assured 
 Base (Life cover) – No Limit
 ADB and ATPD – Rs. 2 Cr.
PAN card
Aadhaar card
Bank statement (for the previous 6 months)
Salary slip
Income tax receipt

Frequently Asked Questions

What is the minimum premium that I have to pay if I purchase the Param Rakshak solution?

If you are purchasing the Tata AIA Life Insurance Param Rakshak Plus solution, the minimum premium amount, depending upon the premium payment term, is as follows.

  • Base Plan Premium: 5 Pay – Rs. 60,000 per annum
  • Others – 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.

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.

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

What documents would I require to buy an insurance policy?

You will have to submit the following mandatory documents to buy an insurance policy.

Proof of address:

The following documents are accepted as valid proof of your address.

  • Bank Statement (or passbook) with the latest entries for six months 
  • Aadhaar card
  • Passport
  • Voter's ID
  • Driving license
  • Electricity/telephone bill
  • Ration card

Proof of identity:

Some of the documents that are accepted as valid proof of your identity include:

  • PAN card
  • Aadhaar card
  • Passport
  • Driving license

Documents showing proof of income:

These documents, which are required only for a few plans, include:

  • Salary slips of the previous 3 months
  • Income tax returns/Employer certificate
  • Bank statement of the previous 6 months
  • Latest Form 16
What are riders? What are the riders that I get with the Param Rakshak solution?

Riders are additional provisions that you can add on to your basic insurance policy, in order to enhance the protection and the benefits you receive.

With the Tata AIA Life Insurance Guaranteed Return Insurance Plan, you can purchase the following riders.

Need help to choose the right plan?


By submitting your details, you are giving your consent to receive SMS/Call by Tata AIA Life Insurance Company Limited or its representative, with reference to this solicited inquiry even though you may be registered on the DND list. L&C/Advt/2019/Jan/075