Tata AIA Param Rakshak – 1 Core Insurance With 1.5 Crore Savings

Tata AIA Param Rakshak

In the intricate tapestry of life, uncertainties are a given. Amidst these uncertainties, having a robust financial plan becomes paramount, ensuring not only protection for oneself and one’s loved ones but also fostering a secure financial future. Recognizing this, Tata AIA has introduced the ‘Param Rakshak’ policy, a meticulously crafted offering that seamlessly integrates the dual benefits of insurance and savings.

Understanding the Essence of Param Rakshak III

At the heart of the Param Rakshak III policy lies a commitment to holistic financial well-being. This policy is not merely an insurance product; it is a comprehensive financial solution designed to cater to diverse needs and life stages. Here’s a closer look at its salient features:

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Tata AIA Param Rakshak- website
  • Financial Protection: Paramount to any insurance policy is the assurance of financial protection. Param Rakshak III offers a robust safety net, ensuring that policyholders and their families are shielded from unforeseen financial adversities.
  • Total Fund Value + Rider Premiums Back: One of the standout features of this policy is the return of the total fund value along with rider premiums. This unique proposition ensures that policyholders reap the benefits of their investment, making it a lucrative avenue for savings.
  • Coverage against Accidents: Accidents can have far-reaching implications, both emotionally and financially. Param Rakshak III provides coverage against accidental total & permanent disability and accidental death, offering additional layers of security.
  • Terminal Illness Cover with Term Booster: Terminal illnesses can be emotionally draining and financially crippling. This policy offers a comprehensive cover against terminal illnesses, coupled with a term booster, ensuring that policyholders have the necessary financial support during challenging times.
  • Wellness Program: Recognizing the importance of proactive health management, Param Rakshak III includes a wellness program, encouraging policyholders to prioritize their health and well-being.
Tata AIA Param Rakshak- website


To ensure that the benefits of Param Rakshak III reach a wide audience, the eligibility criteria are thoughtfully designed:

  • Age Bracket: Individuals between the ages of 18 to 55 years can avail of this policy, ensuring that both young adults and those in their prime can benefit from its offerings.
  • Maturity Age: With a maximum maturity age of 85 years, the policy ensures long-term coverage and financial security.
  • Flexible Policy Terms: Policyholders have the flexibility to choose between a policy term of 30 or 40 years, catering to varying financial goals and life stages.
  • Premium and Sum Assured: With a base plan premium of ₹60,000 p.a. and the flexibility to choose from various premium modes (annual, half-yearly, quarterly, or monthly), the policy offers adaptability. Additionally, the sum assured ranges from 50 lakh with no upper limit, ensuring comprehensive coverage tailored to individual needs.
Tata AIA Param Rakshak- website


To embark on the journey of financial security with Param Rakshak III, certain documentation is essential:

  • Identification and Financial Documents: PAN card, Aadhar Card, bank statement, salary slip, and income tax receipts serve as crucial validation documents.
  • Maturity Benefits: Depending on the chosen plan and premium, policyholders can opt for either a 4% or 8% maturity benefit, further tailoring the policy to their financial aspirations.
Tata AIA Param Rakshak- website


The Tata AIA Param Rakshak III policy stands as a beacon of financial prudence, offering a harmonious blend of protection and savings. In a world characterized by uncertainties, policies like these pave the way for a secure, prosperous, and worry-free future, ensuring that individuals can navigate life’s journey with confidence and conviction.

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