In this policy, the investment risk in investment portfolio is borne by the policyholder Param Rakshak Plus solution comprises of Tata AIA Life Insurance Smart Sampoorna Raksha, A Unit-linked, Non-participating, Individual Life Insurance Plan for Savings and Protection (UIN:110L156V03), Tata AIA Vitality Protect Plus, A Non-Linked, Non- Participating Individual Health rider (UIN: 110A048V03) and Tata AIA Vitality Health Plus, A Non-linked, Non-participating, Individual Health Rider (UIN: 110A047V02). Tata AIA Life Insurance Smart Sampoorna Raksha is also available individually for sale.
Fund Objective:
The primary investment objective of the Momentum Index Fund is to generate capital appreciation in the long term by investing in a portfolio of stocks indexed to the Nifty Midcap 150 Momentum 50 Index Fund.
This Fund aims to track the performance of the top 50 companies within the Nifty Midcap 150 selected based on their Normalized Momentum Score. Mid-cap momentum category provides opportunity to play various markets movers in the mid cap segment that provide a runway for growth.
Midcap 150 Momentum 50 Index Fund is believed to benefit our policyholder to meet their long-term investment goals as the mid cap has provided the best return amongst the market cap space over time.
Fund Composition-
Equity & Equity related instruments- 80%-100%
Cash/ Money Market Instruments, Bank Deposits and Mutual Funds- 20%
Personalise your plan as per your priorities.
Inbuilt benefit
Why opt for Param Rakshak Plus?
up to the age of 100**
with 40 Critical Illnesses Covered
paid at the end of Policy Term
Accidental Death + Accidental death total & permanent disability Benefit
2X of Per day Hospitalization Benefit for ICU
Choose from multiple top rated~ fund options ranging from equity to debt-oriented
ULIP stands for Unit Linked Insurance Plan, which is a type of insurance product that combines the benefits of life insurance and investment in a single plan. In ULIP, a portion of the premium paid by the policyholder is used for life insurance coverage, while the remaining amount is invested in various equity, debt or balanced funds as per the policyholder's preference.
ULIPs are suitable for individuals who are looking for a long-term investment option with the added benefit of life insurance coverage. It is recommended that one should carefully evaluate the ULIP plan and its charges before investing in it.
ULIPs provide life insurance coverage along with investment benefits. In the event of the policyholder's untimely demise, the nominee receives the sum assured or the fund value, whichever is higher.
ULIPs offer the flexibility of choosing between different funds based on the policyholder's risk appetite and share market investment goals. The policyholder can switch between different funds as per their financial goals and market conditions.
ULIPs offer the potential for higher returns compared to traditional life insurance policies. As ULIPs invest in equity, debt or balanced funds, the returns are linked to the market performance.
ULIPs offer tax benefits* under Section 80C of the Income Tax Act, which allows the policyholder to claim a deduction of up to Rs. 1.5 Lakh from their taxable income.
ULIPs can help in wealth creation over the long term by providing market-linked returns$.
ULIPs allow Liquidity after a specified lock-in period, which helps in meeting short-term financial needs.
Age |
Premium payment term |
Policy term |
Sum Assured (₹) | Annual Premium (₹) |
Monthly Premium (₹) |
Annual Mode Fund Value& @4% (₹) |
Annual Mode Fund Value& @8% (₹) |
Monthly Mode Fund Value (₹) |
40 |
5 |
40 | 50,00,000 |
1,98,715 |
17,002 |
6,23,525 |
32,78,065 |
30,32,753 |
35 |
5 |
40 | 1,00,00,000 |
2,36,752 |
20,160 |
8,40,945 |
44,91,945 |
42,06,628 |
40 |
5 |
40 | 1,00,00,000 |
3,21,944 |
27,341 |
12,47,044 |
79,75,820 |
74,86,255 |
40 |
10 |
40 | 50,00,000 |
1,14,500 |
9,785 |
6,23,525 |
38,69,889 |
36,09,047 |
30 | 10 | 40 | 1,00,00,000 |
1,04,360 | 8,887 | 8,16,112 | 34,32,200 | 32,52,766 |
35 | 10 | 40 | 1,00,00,000 |
1,40,221 | 11,923 | 11,62,042 | 52,61,381 | 49,48,610 |
40 | 10 | 40 | 1,00,00,000 |
1,87,510 | 15,907 | 16,53,350 | 86,30,695 | 81,09,012 |
40 | 12 | 40 | 50,00,000 |
1,00,698 | 8,601 | 9,18,840 | 40,99,561 | 38,33,217 |
35 | 12 | 40 | 1,00,00,000 |
1,19,154 | 10,133 | 11,92,417 | 48,79,758 | 45,86,501 |
40 | 12 | 40 | 1,00,00,000 |
1,65,771 | 14,055 | 18,37,664 | 89,45,233 | 84,12,709 |
Fund allocation in Multi Cap Fund 100%. Give get denotes how much you pay versus how much you receive in return. Give-get of 3 means, you will receive 3 times of what you have paid
&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.
All Premiums are subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer the sales illustration for the exact premium.
Insurance of choice for
Individual Death Claims Settled in FY2022-236
Claims paid within
1T&C Apply
Last 5 Years #Returns | Since Inception ''Returns | |||
Tata AIA Funds | Fund Return (%) |
Benchmark Return (%) |
Fund Return (%) |
Benchmark Return (%) |
Multi Cap Fund | 27.80% | 16.10% | 22.64% | 13.78% |
India Consumption Fund | 26.92% | 16.10% | 21.81% | 13.78% |
Top 200 Fund | 27.14% | 16.10% | 19.62% | 15.85% |
#Data as on April 30th,2024. Past performance is not indicative of future performance.
Tata AIA Vitality is a globally recognised, holistic and science-based wellness program that helps you understand and improve your health while also rewarding you. The rewards may be in the form of rider premium discount##, Cover Booster etc
On enrolling into the Wellness Program, you can get an upfront rider premium discount## of up to 10%## on your rider premium. The rider premium discount## in the subsequent years may increase or decrease based on your Wellness status (decided based on your engagement levels, i.e., completion of health assessments, achievement of fitness goals etc).
Eligibility Criteria
Minimum Age at Issue | 18 years |
Maximum Age at Issue | 60 years |
Policy Term | 30 or 40 years policy term |
Available Premium Payment Term Options | Limited Pay: 5 / 10 / 12 Regular Pay: Rider PPT will be the same as the base plan PPT (Subject to Max Maturity age of chosen riders) |
Premium Payment Frequency Options | You Can Pay Your Premiums Annually, Half Yearly, Quarterly, and Monthly mode. |
Maximum Age at Maturity | Base cover - 100 years Accidental Death, Accidental Total, and Permanent Disability - 85 years CritiCarePlus; HospiCare – 75 years |
Minimum Sum Assured | Base (Life cover) – Rs. 50 Lakh Accidental Death, Accidental Total and Permanent Disability – Rs. 50 Lakh CritiCarePlus – Rs. 20 Lakh HospiCare – Rs. 10 Lakh |
Maximum Sum Assured | Base (Life cover) – No Limit Accidental Death, Accidental Total and Permanent Disability – Rs. 2 Cr. CritiCarePlus – Rs. 1 Cr HospiCare – Rs. 40 Lakh |
What is the minimum premium that I have to pay if I purchase the Param Rakshak Plus solution?
If you are purchasing the 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
Other Premium payment terms – 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, half yearly, quarterly or monthly.
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.
Email us at: customercare@tataaia.com
Call our helpline number - 1860-266-9966 (local charges apply)
Walk into any of the TALIC branch offices
Write directly to us at:
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
How different is ULIP investment from SIP investment and Mutual Fund investment?
ULIP (Unit Linked Insurance Plan) is a combination of insurance and investment, where a part of the premium goes towards life coverage, and the rest is invested in equity or debt funds. You can estimate investment and returns with the help of a ULIP calculator or consulting a TATA AIA advisor.
SIP (Systematic Investment Plan) is an investment method in which a fixed amount is invested at regular intervals in a mutual fund, helping in rupee cost averaging. By utilising a SIP calculator and opting for the best SIP plan, investors can benefit from disciplined investing.
Mutual Fund: A Mutual Fund is a pool of money collected from multiple investors and managed by a professional fund manager who invests in diversified assets like stocks, bonds, or money market instruments based on the fund's objective. Unlike ULIP, mutual funds do not provide life insurance coverage. A good way to start investing is by planning funds and weighing goals with the help of a mutual fund calculator.
Disclaimers
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. |