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Tata AIA Life Insurance Param Rakshak II

A Comprehensive solution that focuses on savings with market-linked returns^~

Finances are an integral part of our lives and ensuring that you and your family are always prepared to face any financial challenges can be quite a task. Though money is not everything, it certainly is an important aspect and therefore, what you need more than simple life insurance is a comprehensive solution that provides 360-degree protection for you and your loved ones!

This is where the Tata AIA Life Insurance Param Rakshak II solution comes in which gives you a comprehensive, 360-degree protection and coverage, and secures the future of your loved ones. The solution is designed to offer complete financial, health, and life cover protection to you and your family for a worry-free life!

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Benefits of Tata AIA Life Insurance Param Rakshak II

This comprehensive savings solution offers the following benefits:

Life Insurance Coverage

Get whole life insurance coverage for up to 100 years with this plan to protect your family for many years to come!
Premium Payment Flexibility

Choose between the Regular Premium Pay or Limited Premium Pay options to pay the premiums towards your policy, at your convenience, on an annual basis.
Tax Benefits

Get Income tax** benefits as per applicable tax laws
Return of Fund Value

Receive the fund value of your investment on the maturity of the policy at the rate of 4% or 8% to boost your savings.
Personal Medical Case Management² (PMCM)

Get advice from Global experts with 24/7 multiple consultation services for 3 months in case of heart ailments or cancer.
Accidental Death Benefit

Safeguard your family with additional Sum Assured in case of Accidental Death and 2X Additional Sum Assured in case of unfortunate accidental death in public transport.
Accidental Total and Permanent Disability Benefit

In case of an accident, if you suffer a total and permanent disability due to the injuries, your family a lump sum amount to replace the loss of income due to your disability under the Accidental Total and Permanent Disability Benefit.

Highlights of Tata AIA Life Insurance Param Rakshak II

Comprehensive coverage

The Tata AIA Life Insurance Param Rakshak II offers a life cover, health cover and savings solution so that you and your family can receive comprehensive coverage.
Flexible Premiums Payments

Make easy annualized premium payments for your base policy as per your premium payment mode and term to avail a total life cover of 1 crore.
Choice of funds

Choose one or all of the 11 fund options provided under the plan or opt for the Enhanced Systematic Money Allocation & Regular Transfer (Enhanced SMART) portfolio strategy.

Check Eligibility and Documents Required

Eligibility Criteria:

Policy Term	40 years		30 years
Entry Age	Minimum – 18 years	Maximum – 45 years	55 years
Maximum Maturity Age	85 years
Coverage Term	30 or 40 years, subject to the maximum maturity age
Premium Payment Term (PPT)	Limited Pay – 5/10/12 years Regular Pay as per the policy term Rider PPT will be the same as the base plan PPT as per the maximum maturity age of chosen riders
Minimum Premium	Limited Pay (5 years) - 60,000 per annum ^^ Limited Pay (10/12 years) and Regular Pay – 18,000 per annum ^^
Premium Mode	Annual, Half yearly, Quarterly and Monthly

All references to age are as on last birthday. Base Plan - Tata AIA Life Insurance Smart Sampoorna Raksha, ADB - Accidental Death Benet, ATPD - Accidental Total and Permanent Disability Benet, Term Benefit with Accelerated Terminal Illness

Documents required

PAN card

Aadhar Card

Bank Statement

(for the previous 6 months)

Salary Slip

Income Tax Reciept

How Does This Plan Work?

Step 1 - Choose Sum Assured and Premium Payment Option

Select the sum assured and premium payment option as per your financial goals

Step 2 - Select Policy Term and Premium Payment Mode

Policy Term	30 years or 40 years
Premium Payment Mode	Annual, Half-yearly, Quarterly, Monthly

Step 3 - Payment Options

Purchase the plan quickly and easily online after customizing it as per your needs and make the payment through any of the given digital channels, as per the premium displayed on the screen.

Similar Products

Take a look at some of the related products below:

Tata AIA Life Insurance Param Rakshak Plus

A wholesome life insurance solution combined with two health covers for complete and all-round protection for you and your family.

Know More

Disclaimer
- Param Rakshak II solution comprises of Tata AIA Life Insurance Smart Sampoorna Raksha, A Unit-linked, Non-participating, Individual Life Insurance Plan for Savings and Protection (UIN: 110L156V02) and Tata AIA Life Insurance Linked Comprehensive Protection Rider, A Non-linked, Non-participating, Individual Health Rider (UIN: 110A032V02)
- 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. Applicable for select policies only.
- ²PMCM services shall be directly provided by the service provider for select diseases only wherein primary diagnosis has been done by a registered practitioner. It is Life Insured’s sole discretion to avail PMCM services and to follow the treatment path so suggested. All medical-related dealing will be directly with service provider and Tata AIA Life Insurance shall not be liable for any liability arising due to Life Insured opting to avail the services. PMCM can be availed only where the policy/ rider is in-force. All the supporting medical records should be available to avail PMCM service. Availing the service grants permission to service provider to contact the life assured for providing PMCM service. We reserve the right to discontinue this benet or change the service provider. The customer is advised to refer the detailed sales brochure of respective individual product and riders mentioned herein before concluding sale.
- ^~Some Benefits are guaranteed and some Benefits are variable (non-guaranteed) with returns based on the future performance of the opted funds and fulfillment of other applicable Policy conditions. Policy is dependent on a number of factors including future investment performance.
- ^{^^}At the time of purchase, if the policyholder chooses to opt for a Return of Balance Premium option -For Sampoorna Raksha Supreme (Life Plus Option), an amount equal to the 105% of the Total Premiums Paid towards the product (excluding loading for modal premiums) shall be payable at the end of the Policy Term, provided the life assured survives till maturity and the policy is not terminated earlier. For Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider and Tata AIA Life Insurance Non-Linked Comprehensive Health Rider, an amount equal to the Total Premiums Paid towards the respective benefit option (excluding loading for modal premiums), 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 cover is available in this solution. The solutions are not guaranteed issuance solutions and will be subject to Company’s underwriting and acceptance. In the case of sub-standard lives, extra premiums will be charged as per our underwriting guidelines.
- The solutions are underwritten by Tata AIA Life Insurance Company Limited. For more details on the benefits, premiums, and exclusions under the rider, please refer to the Rider Brochure or contact our Insurance Advisor /Intermediary or visit our nearest branch office.
- ^**Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment 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 for tax implications mentioned anywhere in this document. Please consult your own tax consultant to know the tax bene ts available to you. Buying a life Insurance policy/rider is a long term commitment. Early termination of the policy/benefit option under a rider usually involves high costs, and the surrender value payable may be less than all the premiums paid.