Tata AIA Life Insurance Fortune Guarantee Plus

Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan

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TATA AIA Life Insurance Co. Ltd will send you updates on your policy, new products & services, insurance solutions or related information. Select here to opt-in.

TATA AIA Life Insurance Co. Ltd will send you updates on your policy, new products & services, insurance solutions or related information. Select here to opt-in.

We present to you, Tata AIA Life Insurance Fortune Guarantee Plus to provide financial protection for your family and Guaranteed++ Regular Income that meets tomorrow's requirements, thus helping you plan towards your future needs and protection for your loved ones.

This plan helps you fulfill your medium to long term goals such as Child's Education/ Marriage or Retirement planning etc.

Why Choose TATA AIA Life Insurance Fortune Guarantee Plus?
 

  • Enjoy guaranteed++ returns Get returns as regular income++ as per your preferred frequency for up to 45 years

  • Plan various life goals with regular income and lump sum payments from a savings plan

  • Comprehensive coverage for life and health~

  • Get premium paid back$ at the end of the policy along with guaranteed++ returns

  • Pay premiums at your convenience

  • Riders^ to make your cover stronger


Benefit Illustrations

Minimum Premium
 

Premium Payment Term

Single Pay

Limited Pay

Regular Pay

Minimum Annual Premium (excl taxes)

Rs. 5,000   

Rs 24,000 p.a.

Rs 24,000 p.a.

Minimum Monthly Premium (excl taxes)

Na

Rs. 2,119 p.m.

Rs. 2,119 p.m.

 

 

%Sample Illustration
 

Premium p.a.
(excl taxes)

Premium Payment Term

Policy Term

Income Term

Total Premium

Guaranteed Income1 p.a.

Total Guaranteed Benefit
(Total Income +Total Premiums)

1,00,000

5

10

20

5,00,000

49,330

14,86,600

60,000

5

10

20

3,00,000

29,598

8.91,960

50,000

5

10

20

2,50,000

24,665

7,43,300

24,000

5

10

20

1,20,000

11,839

3,56,784

1,00,000

10

15

30

10,00,000

1,36,270

50,88,100

60,000

10

15

30

6,00,000

81,762

30,52,860

50,000

10

15

30

5,00,000

68,135

25,44,050

24,000

10

15

30

2,40,000

32,705

12,21,144

60,000

12

12

20

7,20,000

75,528

22,30,560

 

1The above illustration is for the age group of 18 to 50, standard life, For Plan Option 1 (Regular Income).  

 

All Premiums are subject to applicable taxes, cesses & levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy. Kindly refer to the sales illustration for the exact premium.



Why Choose Tata AIA Life Insurance?

360 Lakh +

Families protected so far

98.02%

2Claim Settlement Ratio for FY 2020-21

4 Hours

***Express Claim

AAA(Stable)4

Rating by ICRA

Disclaimer
  • Tata AIA Life Insurance Fortune Guarantee Plus (Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan) • UIN: 110N158V04
  • 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 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. Income is payable for chosen income period of 20 to 45 years, please refer brochure for details
  • $Return of Premium shall be the return of Total Premiums Paid (excluding loading for modal premiums, discount, any extra premium, rider premium and taxes) by the policyholder and shall be payable at the end of the Income Period irrespective of survival of the life insured(s) during the Income Period. 
  • #Other options are available under this plan. Please Refer Sales Brochure for details
  • ~Applicable for specific plan options. Please refer brochure for additional details.
  • ^Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V02 or any other later version) and Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN: 110B031V02 or any other later version) are available under this plan. 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's Insurance Advisor/Intermediary/ branch.
  • ##Medical Consultation is available under eligible policies of Tata AIA Life Insurance and these services are currently being provided by Practo. Medical Consultation feature is optional. It is the customer’s sole discretion to avail Medical Consultation and to follow the advice suggested by the service provider. All medical-related dealing will be directly with the service provider and not with Tata AIA Life Insurance. It is available only for Life Assured of active policies for select products/riders. This feature can be discontinued or service provider may be changed at any time at Tata AIA Life Insurance’s discretion. This feature is provided by a third party service provider and Tata AIA Life Insurance shall not be liable for any liability arising due to customer opting to avail this feature.
  • ^^Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
  • 4Assigned the highest issuer rating of AAA by ICRA. Issuer Rating represents opinion on ability to pay policy-holder obligations and claims in a timely manner for an insurance company.
  • 360 Lakh + as on 31st March 2021
  • 2Individual death claim ratio for FY 202-21 as per annual financial statements.
  • ***Claims beyond three years from the date of issuance of the policy or the date of commencement of risk or the date of revival of the policy or the date of the rider to the policy, whichever is later. Subject to all the relevant terms and conditions of the policy contract.
  • ~~Internal Rate of Return shown in the example is for a 30 year old male, single life, paying premium of 1 Lakh p.a. (excl taxes) option 1 for PT- 17 years PPT- 12 years for an income term of 30 years with Annual Premium Payment and Annual Income mode. All reference to the age is as on the last birthday.
  • L&C/Advt/2022/Mar/0672

Tata AIA Life Insurance Company Ltd. (IRDA Regn. No. 110 ·CIN:U66010MH2000PLC128403. Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai 400013. Trade logo displayed above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Company Ltd under a license. For any information including cancellation, claims and complaints, please contact our Insurance Advisor/Intermediary or visit Tata AIA Life's nearest branch office or call 1-860-266-9966 or write to us at customercare@tataaia.com. Visit us at www.tataaia.com 

 

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