Mumbai, Aug 21, 2025 : [SN1] Tata AIA Life Insurance, one of India’s
leading life insurance providers, offers Tata AIA Param Raksha Life Pro+, a
comprehensive life and wealth creation solution. Designed to meet the evolving
protection, investment, and wellness needs of today’s customers. This plan offers
a blend of life coverage with market-linked returns.
It comes with key features like:
·
Market-linked Wealth Creation: Invest in
a wide range of Tata AIA Funds (Equity, Debt, Balanced) to grow your wealth
based on your risk appetite.
·
Unlimited Free Fund Switching:
Flexibility to switch between funds at no additional cost, anytime during the
policy term.
·
Comprehensive Life Cover: Get financial
protection to secure your family with a high sum assured in case of unfortunate
demise.
·
Terminal Illness Cover: Advance payout of 10% of sum assured on diagnosis of a terminal illness
with term booster
·
Accidental Disability Cover: Comprehensive cover in case of disability due
to an accident
·
Accidental Death Cover: Comprehensive cover in case of death due to an accident
Param Raksha Life
Pro+ is a unique plan that provides comprehensive financial protection to
policyholders and their families. This life insurance policy includes a life cover, which offers a
lump sum payout in case of the policyholder’s unfortunate demise during the
policy term. This amount can help the family manage day-to-day expenses, repay
existing loans, and maintain their financial stability.
In addition to
life cover, the plan also includes disability protection, where a lump sum
amount may be payable in the event of total and permanent disability caused by
an accident, helping with long-term care, rehabilitation, or loss of income.
With Term Booster,
you receive an advance payout of 10% of the sum assured upon diagnosis of a terminal
illness. This early benefit can provide financial support for medical treatment
or other immediate family needs during a difficult time, helping reduce the
financial burden when it’s needed most.
A key advantage
of Param Raksha Life Pro Plus is the flexibility it offers, where policyholders
can choose between limited premium payment terms, starting as low as 5 years.
Coverage is available up to 100 years of age, and entry is allowed for
individuals between 18 and 65 years, making it accessible to a wide customer
base, from young professionals to middle-aged individuals planning for
long-term security.
The investment
component of the plan is linked to market performance. Premiums paid toward the
investment portion are allocated to funds managed by Tata AIA Life Insurance,
giving policyholders the opportunity to build wealth over time. Depending on
the fund selection and market performance, this component can generate
potential returns to help meet future financial goals, such as retirement or
children’s education.
To encourage
long-term financial discipline and prevent early exits, the plan comes with a
five-year lock-in period. This structure ensures that policyholders stay
invested for a sufficient duration to build meaningful corpus growth and
safeguard their long-term objectives. You also get unlimited fund switches to
match your financial goals or adapt to market changes.
The plan also includes
several optional riders that can enhance the coverage further. With
features like Terminal illness cover, Return of premiums, Accidental Disability
Cover,
Accidental Death Cover and unlimited free fund switching, Tata AIA Life Pro +
plan ensures both security and flexibility. They can also benefit from tax
savings under Sections 80C and 10(10D).
All of these
benefits together make Param Raksha Life Pro+ a comprehensive offering for
customers who want insurance that provides a bit more than those basic benefit
protections. It offers protection in the event of an unforeseen incident and
wealth generation, with the added potential of wellness incentives that encourage
customers to maintain good health and stay insured.
About
Tata AIA Life
Tata AIA
Life Insurance Company Limited (Tata AIA) is a joint venture Company formed by
Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s
pre-eminent leadership position in India and AIA’s presence as the largest,
independent listed pan-Asian life insurance group in the world, spanning 18
markets in the Asia Pacific region. Tata AIA reported a total Premium Income of
INR 25,692 crore for FY24, up 25% from FY23. The Company continues to rank
among the Top 3 Private Insurers in Individual Weighted New Business Premium
(IWNBP) with an IWNBP income of INR 7,413 crore. The Individual Death Claims
Settlement ratio improved to 99.41%. The Company also achieved industry-leading
Persistency performance (based on premiums), ranking #1 in four out of five
cohorts.
This advertisement is designed for combination of benefits of following
individual and separate products named (1) Tata AIA Smart Sampoorna Raksha
Supreme Unit Linked, Non-Participating Individual Life Insurance Plan (UIN:
110L179V02) and (2) Tata AIA Health Buddy, Non-Participating, Non-Linked,
Individual Health Product (UIN: 110N183V01). These products are also available
for sale individually without the combination offered/ suggested. This benefit
illustration is the arithmetic combination and chronological listing of
combined benefits of individual products. The customer is advised to refer the
detailed sales brochure of respective individual products mentioned herein
before concluding sale.
About
the Tata Group
Founded by
Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in
India, comprising 30 companies across ten verticals. The group operates in more
than 100 countries across six continents, with a mission ‘To improve the
quality of life of the communities we serve globally, through long-term
stakeholder value creation based on Leadership with Trust’.
Tata Sons
is the principal investment holding company and promoter of Tata companies.
Sixty-six percent of the equity share capital of Tata Sons is held by
philanthropic trusts, which support education, health, livelihood generation
and art and culture.
In 2023-24,
the revenue of Tata companies, taken together, was more than $165 billion.
These companies collectively employ over 1 million people.
Each Tata
company or enterprise operates independently under the guidance and supervision
of its own board of directors. There are 26 publicly listed Tata enterprises
with a combined market capitalisation of more than $365 billion as on March 31,
2024.
About
AIA
AIA Group
Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the
largest independent publicly listed pan-Asian life insurance group. It has a
presence in 18 markets – wholly-owned branches and subsidiaries in Mainland
China, Hong Kong SAR (1), Thailand, Singapore, Malaysia, Australia, Cambodia,
Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka,
Taiwan (China), Vietnam, Brunei and Macau SAR (2), and a 49% joint venture in
India. In addition, AIA has a 24.99% shareholding in China Post Life Insurance
Co., Ltd.
The
business that is now AIA was first established in Shanghai more than a century
ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance
premiums and holds leading positions across the majority of its markets. It had
total assets of US$286 billion as of 31 December 2023.
AIA meets
the long-term savings and protection needs of individuals by offering a range
of products and services including life insurance, accident and health insurance
and savings plans. The Group also provides employee benefits, credit life and
pension services to corporate clients. Through an extensive network of agents,
partners and employees across Asia, AIA serves the holders of more than 42
million individual policies and over 18 million participating members of group
insurance schemes. AIA Group Limited is listed on the Main Board of The Stock
Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and
“81299” for RMB counter with American Depositary Receipts (Level 1) traded on
the over-the-counter market under the ticker symbol “AAGIY”.
