TATA AIA Param Raksha Life Pro+

Tata AIA Param Raksha Life Pro Plus is a comprehensive Unit Linked Insurance Plan (ULIP) that combines long-term wealth creation with life and accidental protection. It offers market-linked returns along with extensive coverage for death, critical illness, and total permanent disability.

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13.2 Crore Registered Consumer

6.29 Crore Policies Sold

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₹1 Crore Life cover starting from ⁺

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Key Features of Tata AIA Param Raksha Life Pro+

Market-Linked Wealth Creation: Invest in a range of equity, debt, and balanced funds based on your financial goals and risk appetite, with the potential to build long-term wealth.
Life and Disability Protection: The plan offers life insurance coverage along with protection against accidental total and permanent disability. In certain scenarios, accidental benefits may be enhanced, such as for accidents occurring while travelling on public transport.
Critical Care Support: You can access medical second opinions and a range of support services to help you make informed healthcare decisions and navigate your critical illness journey with confidence.
Flexible Investment Options: Choose from multiple funds and investment strategies to build a portfolio that aligns with your risk tolerance and investment horizon.
Tax Benefits: Premiums paid and benefits received may qualify for tax benefits under the applicable provisions of the Income Tax Act, subject to prevailing tax laws and individual eligibility.
Access to Top-Rated Funds: Choose from investment funds that have received 4 or 5-star Morningstar ratings and enjoy unlimited free fund switches to optimize your investment strategy over time.
Long-Term Financial Planning: By combining insurance protection with market-linked investments, the plan can help support long-term goals such as retirement planning, children's education, or wealth accumulation.

Term Plans

₹1
Crore

Life Cover

@ Starting from ₹ 13/day⁺

₹50
LAKH

Life Cover

@ Starting from ₹ 8/day⁺

₹75
LAKH

Life Cover

@ Starting from ₹ 12/day⁺

Eligibility Conditions of TATA AIA Param Raksha Life Pro+

Here is a list of conditions you need to qualify for before buying this Tata AIA life insurance plan:

Parameters	Minimum	Maximum
Entry Age	18 years	65 years
Maturity Age	Life Cover: 23 years	Life Cover: 100 years ADB & ATPD: 85 years
Policy Term	30 years	82 years (subject to maximum maturity age)
Premium Payment Term	5 years	67 years
Minimum Premium	Limited Pay (5–6 years): ₹20,000/year Limited Pay (7–9 years): ₹18,000/year Other Premium Payment Terms: ₹15,000/year	No specified maximum
Basic Sum Assured (Life Cover)	₹50 Lakh	No Limit
Accidental Death Benefit (ADB) & Accidental Total & Permanent Disability (ATPD)	₹45 Lakh	₹5 Crore
Premium Payment Modes	Annual, Half-Yearly, Quarterly, Monthly

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Benefits of TATA AIA Param Raksha Life Pro+

The TATA AIA Param Raksha Life Pro+ is a comprehensive unit-linked insurance plan (ULIP) that blends long-term market-linked wealth creation with robust life and health protection. It secures your family's financial future while growing your wealth based on your risk appetite.

Death Benefit: In the unfortunate event of the life insured's death during the policy term, the nominee receives the applicable death benefit as per the policy terms, providing financial support to the family.
Lump Sum Maturity Payout: On surviving the policy term, you receive the accumulated fund value at maturity. Additionally, eligible premiums paid towards the Tata AIA Health Buddy Plan are returned, subject to the policy conditions.
Maturity Booster: The plan offers an Additional Maturity Booster on successful completion of the policy term, helping enhance the overall maturity value and maximize long-term savings.
Unlimited Free Fund Switching: You can switch between available investment funds multiple times during the policy term without paying fund switching charges, allowing you to align your portfolio with changing market conditions or goals.
Wellness Rewards Through the Health Buddy Program: The Health Buddy Program promotes a healthier lifestyle by offering wellness rewards and potential premium benefits for eligible activities. It also provides access to preventive health check-ups, including tests for thyroid, diabetes, liver, and kidney function, as well as discounted vaccinations and savings on medicine purchases.
Terminal Illness Benefit: If the life assured is diagnosed with a covered terminal illness, the plan provides an advance payout of 10% of the base sum assured to help manage immediate financial needs.

How to Buy Tata AIA Term Insurance Plan from Policybazaar?

Here is how you can buy the Tata AIA term insurance online from Policybazaar:

Step 1: Visit the term insurance page of Policybazaar

Step 2: Fill in the required details like name, gender, contact information, and more

Step 3: Select the right options like smoking habits, occupation types, educational background, and annual income

Step 4: Choose the Tata AIA Sampoorna Raksha Promise plan and proceed to pay

Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan.

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FAQs

Q1. What is Tata AIA Param Raksha Life Pro+?

Ans: Tata AIA Param Raksha Life Pro+ is a Unit Linked Insurance Plan (ULIP) that combines life insurance protection with market-linked investment opportunities. It offers life cover, wealth creation potential, accidental benefits, terminal illness protection, and wellness-related features under a single plan.
Q2. What is the maturity benefit of Tata AIA Param Raksha Life Pro+?

Ans: On surviving the policy term, the policyholder receives the accumulated fund value as the maturity benefit. The plan may also provide additional benefits, such as the return of eligible Tata AIA Health Buddy premiums and a Maturity Booster, subject to the policy terms and conditions.
Q3. Does Tata AIA Param Raksha Life Pro+ provide a terminal illness benefit?

Ans: Yes. The plan includes a Terminal Illness with Term Booster feature that provides an advance payout of 10% of the base sum assured upon diagnosis of a covered terminal illness, subject to the policy terms.
Q4. Can I switch between investment funds in Tata AIA Param Raksha Life Pro+?

Ans: Yes. The plan allows unlimited free fund switches, enabling you to move your investments between available equity, debt, and other fund options to align with your financial goals and market conditions.
Q5. Is Tata AIA Life Insurance good?

Ans: Tata AIA Life Insurance is one of India's well-known life insurance companies and offers a wide range of term, savings, retirement, and ULIP products. Whether it is a good choice depends on your financial goals, coverage requirements, budget, and risk appetite. Before purchasing any policy, compare features, costs, exclusions, claim settlement performance, and benefits to ensure it meets your needs.

Author's Bio

Varun Agarwal Head - Term Insurance

Varun has spent years in the insurance space, but what drives him isn't policies or premiums — it's the conversations he's had with real people. A young father in Pune wondering if his salary is enough. A newly married couple in Jaipur putting off "the insurance talk" for later. A mother in Chennai who never knew her husband was underinsured until it was too late.
These stories stay with him. As Head of Term Insurance at Policybazaar, Varun knows the numbers well — 52.4% of Indians are aware of term insurance, yet only 9.6% own it. And 87% of families don't realise they're leaving their loved ones with far less protection than they actually need. But behind every statistic, he sees a family that just needed someone to sit with them, explain it simply, and help them take that one step. That's exactly what Policybazaar's term insurance is built to do. In his words, "Most people aren't avoiding protection — they're just waiting for someone to make it easy. That's what we're here for."

Write to Varun

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˜The insurers/plans mentioned are arranged in order of highest to lowest Sum Assured(SA) offered by Policybazaar’s insurer partners offering term insurance plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI.

Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in

Rs. 400/month 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 30 years of age, rounded off to nearest 10.

Rs. 400/month (Rs.13/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 30 years of age.

+Rs. 230 is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 8/day is starting price for a 50 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 12/day is starting price for a 75 lakhs term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

+Rs. 497/month is starting price for a 1.5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 487/month is starting price for a 2 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 626/month is starting price for a 3 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 905/month is starting price for a 5 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. ₹361/month is the starting price for a ₹1 crore loan cover with an 8% interest rate for an 18-year-old male, non-smoker, with no pre-existing diseases, loan tenure up to 20 years, rounded off to the nearest 10

+Rs. 1,267/month is starting price for a 7 crore term life insurance for an 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

*The full refund of premium is available on availing the one-time option of refund of premium. Total premium paid for policy (paid for add-ons) will be the special exit value, payable on availing the one-time option of refund of premium if you wish to completely exit the policy.

+Rs. 447/month is starting price for a 1 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs.679/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 30 years of age.

+Rs. 910/month is starting price for a 3 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

+Rs. 1,374/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 30 years of age.

+Rs. 1,924month is starting price for a 7 crore term life insurance for an (NRI) 18 year-old male, non-smoker, with no pre-existing diseases, cover upto 30 years of age.

Women

+Rs. 400/month is Starting price for a 1 crore term life insurance for an 18 year-old Female, non-smoker, with no pre-existing diseases, cover upto 30 years of age, rounded off to nearest 10.

Rs. 461/month is the starting price for a 1 crore term life insurance for an 24 year-old female, non-smoker, with no pre-existing diseases, cover upto 54 years of age.

1,642/month is the starting price for a 1 crore term life insurance for an 44 year-old female, non-smoker, with no pre-existing diseases, cover upto 74 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.

˜ Policybazaar Promise reflects the guarantee offered by insurers. Price assurance is based on certifications shared by insurers with us.