👉Term Insurance with Market Return on Premium: Review of TATA AIA Param Rakshak Pro Solution!

👉Term insurance with Market Return of premium :
Review of TATA AIA Param Rakshak Pro Solution
TATA AIA Param Rakshak Pro Solution is a term insurance plan that offers financial protection to your family in case of an unfortunate event. It provides a comprehensive coverage against the risk of death, ensuring that your loved ones are financially secure even in your absence.
This plan also offers the option of market-linked returns, which means that a part of your premium is invested in the market to potentially earn higher returns. However, it's important to carefully review the terms and conditions, as well as the historical performance of the market-linked investments offered by the plan.
Before making a decision, it's advisable to consider factors such as your risk tolerance, investment goals, and the overall suitability of the plan for your financial needs. Additionally, comparing the plan with similar offerings from other insurance providers can help you make an informed choice.
Always remember to read the policy documents carefully and, if needed, consult with a financial advisor to ensure that the TATA AIA Param Rakshak Pro Solution meets your specific requirements.
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[@AshokKumar-so7ee]

Sir isme jo premium payment ka kitna percentage market m invest hoga

[@ManojSingh-bv3hc]

Good information ❤

[@sunilsrivastavFinancialPlanner]

Thank you for your valuable comment.

[@yogeshkalyani3439]

Sir. What is the percentage of fund amt can one withdraw from 6th year onwards

[@sunilsrivastavFinancialPlanner]

Sir, you need to keep amount of minimum two premium to continue the policy benefits, remaining you can withdraw. Also, you also need to pay reaming premium if premium paying term is more than 5 years.

[@madhusudanagarwal3857]

Agar term maturity se pehle death ho jati hai toh Sum assured milega ya Fund value?

[@sunilsrivastavFinancialPlanner]

Dono me se jo Higher Amount Hoga wo milega. Sum Assured agar jyada hai to sum assured milega. Thanks

[@anupkalyanshetti2722]

Why we should go for ULIP plan when we can buy a term insurance and invest in mutual funds separately? Aur ULIP plan me charges bahot chale jate hai

[@sunilsrivastavFinancialPlanner]

Thank for watching this video & asking query. This plan is suitable for the person who is looking for one single investment with life cover and market return. Since in this plan double of mortality charges is also getting refunded after 10th premium payment so, in the longer tenure it is cost effective also.

[@puneetmahajan5873]

Accidental death and disability premium bhi market me kya invest hoga. Total premium me se kitna market me invest hoga initial stage me.

[@sunilsrivastavFinancialPlanner]

Hi, Accidental death & disability premium, market me invest nahi hoga, ye refund hota hai maturity hone par. Total premium (including riders premium & GST) ka 60% invest hota hai intial stage me, gradually it increases upto 90% as mortality and FMC getting added (double of charges) after 10th years onward. To Get customized plan Please call or WhatsApp on 9372656044. Thanks for your query.

[@saurabhsingla156]

Sir, What are the mortality charges in example shared by you that company will invest 2x after 10 years

[@sunilsrivastavFinancialPlanner]

Mortality charges is taken by Insurance company to give you insurance cover. The cost of this charges depends on Age and insurance cover amount.

[@puneetmahajan5873]

Can you share customised detailed plan in nexcel for each year. Age 42, ppt 7 years, pt- 40 years.

[@kapilgoda3281]

Agar attack se death hoti hai to 50 lakh mere family ko milege

[@upasanapatnaik412]

After how many years can we do a full withdrawal?

[@sunilsrivastavFinancialPlanner]

After 5 completed year or beginning of 6th year full withdrawal is allowed.

[@prashantmishra3301]

Sir defence person plan Ko Le sakte he kya My job CRPF

[@sunilsrivastavFinancialPlanner]

Yes, le sakte hai, but insurance company may ask for additional details

[@Mdbeauty11]

How many times I can withdraw money after 5 years ? At what interval? N if my premium is for 12 years then how many times I can withdraw within years of premium and how many times after that? 2nd question: can I withdraw all money before 12 premium for that any penalty Or I can withdraw all money after 12 premiums for that any penalty??

[@sunilsrivastavFinancialPlanner]

There is no limitation of number of Times. Also, You can activate SWP to automatic withdrawal on monthly, Quarterly, yearly basis after lock in. Answer of Q2: Yes you can withdraw total amount after 12 years but plan benefit will not continue. You have to keep amount equivalent to two years’ Annualised Regular Premiums to continue the plan active.

[@shibithomas4900]

Sir, i am looking for medical insurance for me and my famiy, can this scheme will be beneficial for us or ?

[@sunilsrivastavFinancialPlanner]

No, this is life insurance policy. Take Health Insurance Plan

[@puneetmahajan5873]

Pls send detailed plan in excel for each year 1cr ppt-12, pt-40 years, age -42 years

[@sunilsrivastavFinancialPlanner]

Hello Sir, Hope you are doing well!! For customized quotation, Please share your details on what's App Number 9372656044 or link wa.me/919372656044 Or you can call on the same number.

[@Mdbeauty11]

N if no death upto maturity age then what about return?

[@sunilsrivastavFinancialPlanner]

You will get fund value & rider premium back on maturity.

[@HarshManiyar-kp3wv]

Sir, for Example I had premium for 12 years and for 40 years of plan, and my cover is 1 Cr, what if I withdraw 90% of fund value after 20 years. Does my policy still remains same like cover is 1 cr with rider amount refund , also we get 2x refund of morality charges only of 10 years or of full 12 years. Also sir, any dividend income from mutual fund - does it will get credited ?? Thank you for you valuable information

[@sunilsrivastavFinancialPlanner]

Hello Sir, Since you have multiple query, I will clarify over call. It will be not possible to answer in few words. So, Please call on 9372656044 or Whats App on wa.me/919372656044

[@kgchandla4343]

Sir, Tata Aia Life Insurance Smart Sampoorna Raksha plan me jo rider amount hota hai bo bhi return milta hai kya ? Jese 25k investment or 25k rider amount hai to fir rider money wapis ati hai kya

[@sunilsrivastavFinancialPlanner]

Yes, on maturity rider premium return milta hai

[@henrypires49]

what is the catch here? this looks like a very good plan. ie term insurance + returns. but what bad thing is there? pls explain

[@sunilsrivastavFinancialPlanner]

Thank you for asking query!! Disadvantages are mentioned below: 1. If you compare pure term plan premium with this plan, premium will be higher. 2. Two riders ( accidental death benefit & Permanent disability rider) are compulsory need to be taken for that you need to pay extra premium. However, if you stay longer in this plan all charges are refundable at the time of maturity. This is whole package. If you need all benefits this will be beneficial for you, If you are looking for only cover or only investment then this is not suitable plan.

[@henrypires49]

@@sunilsrivastavFinancialPlanner Thank you sir for replying. I have one very basic question. Suppose I pay a premium of Rs.X per year. Under this plan, will they also buy units of Rs.X (for the fund I will choose)? Or will they buy units of Rs. Y (which is less than X?) Actually one of the person is trying to sell me as an investment plan and I am trying to see the negative here. He is saying that instead of directly buying MFs, I can go via this plan since this also buys MFs and also this is tax-free. So my question is simple - If I pay rs.100 per year, will this fund buy units of Rs.100 (like what happens at normal SIP etc) or will they buy units of Rs.70 (Rs.30 will be considered as something else for the term insurance)

[@sunilsrivastavFinancialPlanner]

Since, Insurance mortality cost involved here, 60%-70% amount invested in and you get unit of selected fund, remaining for in charges like, FMC, Mortality Charges, Riders charges. However you get refund of most of charges if you invested in longer term but initially it will be go in charges. So, If you need insurance With investment then this will be best option. But if you are looking for only investment then you should go for Mutual Fund schemes.

[@henrypires49]

@@sunilsrivastavFinancialPlanner but sir.. one more question - since here its completely tax free isn’t it better to invest through here instead of direct mf investment ? cause from the mf investment i will need to pay capital gain tax.

[@sunilsrivastavFinancialPlanner]

If you need all the benefit, you can go for it. It will tax free up to premium 2.5 per year including all ULIP investment.