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Tata AIA Param Raksha Life Pro is a comprehensive life insurance plan designed to offer long-term financial security while combining the benefits of life coverage with market-linked returns for wealth creation. It provides flexible premium payment options and extensive protection against unforeseen circumstances.
#All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply
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TATA AIA Param Raksha Life Pro plan offers life insurance coverage for up to 100 years, allowing you to secure your family's future. This newly launched plan offered by TATA AIA Life Insurance comes with multiple premium payment options—Regular Pay and Limited Pay, and allows you to choose from various fund options for growth. In case of an unfortunate event, the plan provides additional coverage for accidental death, permanent disability, and more.
Term Plans
Flexibility to choose between Regular Pay or Limited Pay.
Multiple fund options and Enhanced SMART portfolio strategy to grow your savings.
Additional Sum Assured in case of Accidental Death or Total and Permanent Disability.
Enjoy premium discounts of up to 10% in the 1st year and annual renewal discounts based on your wellness status.
Eligible for tax benefits under applicable laws.
Secure Your Family Future Today
₹1 CRORE
Term Plan Starting @
Get an online discount of upto 15%#
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| Parameters | Minimum | Maximum |
| Age at Entry | 18 years | 65 years |
| Maximum Age at Maturity | Base Cover – 100 years Term Booster – 100 years ADB and ATPD – 85 years | |
| Policy Term | 30 years | 82 years |
| Premium Payment Term | 5 years | 67 years |
| Sum Assured | Base (Life cover), including Term booster rider - ₹50 Lakhs ADB and ATPD - Same as base |
Base (Life cover), including Term booster rider - No Limit ADB and ATPD – ₹5 Crores |
Below are some of the benefits of the TATA AIA Param Raksha Life Pro Plan:
Life Insurance Coverage: This life insurance policy provides a lump sum benefit to your beneficiaries in case of your untimely death, ensuring your family is financially secure even in your absence.
Accidental Death & Disability Benefits: If you pass away or suffer permanent disability due to an accident, this plan pays an additional sum assured, with double the benefit if the accident occurs in public transport.
Terminal Illness Cover: In the unfortunate event of being diagnosed with a terminal illness, 10% of your death sum assured is paid to you, helping manage medical expenses during a difficult time.
Maturity Benefit: Upon policy maturity, you receive the total value of your fund, plus any rider premiums paid during the policy term, helping grow your savings over time.
Vitality Wellness Rewards: By participating in the Tata AIA Vitality program, you earn rewards and premium discounts, incentivizing you to stay healthy and reduce insurance costs.
Here’s a table for the Sample Premium Illustration for different age groups for the policy term of 50 years:
| Age | PPT | Base Premium (₹) | ADB Premium (₹) | ATPD Premium (₹) | Total Premium (₹) |
| 35 years | 5 years (Limited Pay) | 1,63,636 | 19,530 | 35,010 | 2,43,106 |
| 10 years (Limited Pay) | 1,01,124 | 11,010 | 19,710 | 1,45,884 | |
| 12 years (Limited Pay) | 86,538 | 9,450 | 16,920 | 1,24,968 | |
| 15 years (Limited Pay) | 73,171 | 7,940 | 14,220 | 1,05,501 | |
| 50 years (Regular Pay) | 67,164 | 4,370 | 7,830 | 84,944 | |
| 45 years | 5 years (Limited Pay) | 2,81,250 | 33,100 | 29,880 | 3,66,010 |
| 10 years (Limited Pay) | 1,76,471 | 18,310 | 16,560 | 2,23,401 | |
| 12 years (Limited Pay) | 1,47,541 | 15,720 | 14,220 | 1,87,831 | |
| 15 years (Limited Pay) | 1,34,328 | 13,200 | 11,880 | 1,68,138 | |
| 40 years (Regular Pay) | 1,45,161 | 7,780 | 7,020 | 1,65,091 |
Step 1: Visit the official Policybazaar website and go to the "Term Insurance" section.
Step 2: Fill in your details, including your name, contact information, gender, and date of birth.
Step 3: Provide additional information about your employment, annual income, educational background, and smoking/tobacco use habits.
Step 4: Select the Tata AIA term plan from the available list of options.
Step 5: Complete the payment process using your preferred payment method to finalize your purchase.
˜Top 5 plans based on annualized premium for bookings made on https://www.policybazaar.com in the first 6 months of FY 24-25.
Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
+Rs. 487/month (Rs.16/day) is starting price for a 1 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
Prices offered by the insurer are as per the approved insurance plans | #All savings and online discounts are provided by insurers as per IRDAI approved insurance plans | Standard Terms and Conditions Apply | **Tax Benefits are subject to changes in tax laws.| Policybazaar Insurance Brokers Private Limited
We will respond in the first instance within 30 minutes of the customers contacting us. 30-minute claim support service is for the purpose of giving reasonable assistance to the policyholder in pursuance of the claim. Settlement of claim (including cashless claim) is the responsibility of the insurer as per policy terms and conditions. The 30-minute claim support is subject to our operations not being impacted by a system failure or force majeure event or for reasons beyond our control. For further details, 24x7 Claims Support Helpline can be reached out at 1800-258-5881
For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding a sale
Policybazaar Insurance Brokers Private Limited | CIN: U74999HR2014PTC053454 | Registered Office - Plot No.119, Sector - 44, Gurgaon, Haryana – 122001 | Registration No. 742, Valid till 09/06/2027, License category- Composite Broker Visitors are hereby informed that their information submitted on the website may be shared with insurers. Product information is authentic and solely based on the information received from the insurers.
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+Rs. 820/month is starting price for a 2 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
+Rs. 1,443/month is starting price for a 5 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 38 years of age.
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