Total Benefit
₹ 14.7 Lakh
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Yearly Income
₹ 46,895
For 20 Years
Return of Premium
₹ 5.32 Lakh
₹ 5.49 Lakh Life Cover Included
You invest
₹ 4,627/month
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Plan Benefits
Disclaimer
- The complete name of Tata AIA Fortune Guarantee Plus is Tata AIA Life Insurance Fortune Guarantee Plus (UIN: 110N158V13) - Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan.
- This product is underwritten by Tata AIA Life Insurance Company Ltd.
- The plan is not a guaranteed issuance plan and it will be subject to company’s underwriting and acceptance.
- Insurance cover is available under this product.
- For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. The precise terms and condition of this plan are specified in the Policy Contract.
- Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs and the Surrender Value payable may be less than the all the Premiums Paid.
- In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
- Risk cover commences along with policy commencement for all lives, including minor lives.
- *‘Guaranteed Annual Income’ shall be a fixed percentage of the Annualised Premium/Single Premium (excluding discount) payable in a year. Guaranteed Annual Income along with Income Booster as per the chosen Income Frequency shall commence after maturity till the end of the Income Period, irrespective of survival of the life insured(s) during the Income Period.
- 4Illustrated premium is the monthly premium exclusive of taxes, rider premiums, underwriting extra premiums, which will be entirely borne/paid by the Policyholder, in addition to the payment of such Premium, charges or interest. Tata AIA Life shall have the right to claim, deduct, adjust, and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy.
- #Below riders are available with this plan
- Tata AIA Vitality Health (UIN: 110B045V03 or any other later version) - A Non-linked, Non-participating, Individual Health Rider
- Tata AIA Vitality Protect (UIN: 110B046V04 or any other later version) - A Non-linked, Non-participating, Individual Health Rider
- Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V04 or any other later version) - A Non-linked, Non-participating, Individual Health Rider
- Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN: 110B031V03 or any other later version) - A Non-linked, Non-participating, Individual Health Rider.
- Riders are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider, please contact Tata AIA Life Insurance Advisor/Intermediary/ branch.
- %Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. For ULIP policies, maturity income will be taxable if annual aggregate premium exceeds ₹2.5 Lakh in a financial year. For non ULIP insurance policies, maturity income will be taxable if annual aggregate premium exceeds ₹5 Lakh in a financial year. Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
- +Return of Premium shall be the Guaranteed maturity benefit plus Milestone Benefit and shall be payable at the end of the Income Period irrespective of survival of the life insured(s) during the income period
- ~Available under Regular Income with an Inbuilt Critical Illness Benefit option.
- 2Individual death claim settlement ratio for FY 2023-24 as per annual financial statements.
- ***Applicable to only non-early claims more than 3 years of policy duration up to Sum assured of 50 lakh. Applicable for branch walk in. Time limit to submit claim to Tata AIA by 2 pm (working days). Subject to submission of complete documents. Not applicable to ULIP policies.
- ++Tax benefits of up to ₹46,800 u/s 80C is calculated at highest tax slab rate of 31.20% (including cess excluding surcharge) on life insurance premium paid of ₹1,50,000 as per old tax regime. Tax benefits under the policy are subject to conditions laid under Section 80C, 80D,10(10D), 115BAC and other applicable provisions of the Income Tax Act,1961. Good and Service tax and Cess, if any will be charged extra as per prevailing rates. The Tax Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tax laws are subject to amendments made thereto from time to time. Please consult your tax advisor for details, before acting on above.
- 377,26,727 families protected till December ’23.
- L&C/Advt/2024/Oct/3264
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IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint
IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint
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