Tata AIA Life Insurance
Fortune Guarantee Plus 

Non Linked, Non Participating, Individual Life Insurance Savings plan

There is nothing more important than family. It is our greatest pleasure, and our most important commitment to keep them safe, and secure their financial future. It is our responsibility to give wings to their dreams, and protect their smiles. With guaranteed returns, we can ensure their happiness, and that they never have to compromise their ambitions and goals.

Tata AIA Life Insurance Fortune Guarantee Plus is a savings plan that enables you to meet life’s through guaranteed regular income. By choosing this plan, you get to enjoy the benefits of life insurance coverage, coupled with the element of savings to fulfil your life goals.

 

Key
Benefits

Flexibility to choose plan option

Choose between regular income, and regular income with in-built critical illness benefit

Income period

Choose income period from 20 to 45 years

Return of premium

Get the return of premium at the end of the income period

Add-on riders

Enhanced protection through optional riders

Personal Medical Case Management (PMCM)#

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Online Medical Consultation

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Highlights of Tata AIA Life Insurance Fortune Guarantee Plus

Flexibility to plan your future goals with either regular income1, or regular income with in-built critical illness benefit

Choose to receive income either on a monthly basis, or on annual basis
Option of Joint Life under single premium payment option
Choose any of the additional riders to increase the protection offered

Tax benefits as per the applicable Income Tax laws^^

Add Savings Plan Riders2

Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider 

Choose one or more benefit options (risk covers), including death, accidental death / disability, critical illness and terminal illness
Flexibility to receive benefit as combination of lump-sum and income for fixed period, income till survival of partner, or as waiver of future premiums
Know More

Tata AIA Life Insurance Non-Linked Comprehensive Health Rider 

Choose one or more benefit options (risk covers), from a list of 5 available options, including disability, hospitalization, and illness
The rider provides coverage against both major illnesses, and minor injuries or illnesses, while allowing multiple claim payouts
Know More
Check Eligibility Documents Required

Age at entry~

 Minimum age at entry  Other than POS:
 Option 1: 1 year
 Option 2: 18 years

 For POS:
 Option 1: 1 year
 Option 2: Not available 

 Maximum age at entry   Other than POS/
 For POS:
 60 years

Premium payment term / Policy term

Premium Payment Term (PPT)/ Policy Term (PT) – (in years)

 Option 1:
 Single Pay:
 PPT: 1
 PT: 5

 Regular Pay:
 PPT: 5 to 12
 PT: Same as PPT

 Limited Pay:

   

PPT

5

6

7

8

9

10

11

12

PT

6 to 10

7 to 11

8 to 12

9 to 13

10 to 14

11 to 15

12 to 16

13 to 17

 Option 2:
 Regular Pay:
 PPT: 5 and 10
 PT: Same as PPT

 

Premium payment mode

 Premium payment frequency options 

 Single
 Annual
 Half-yearly 
 Quarterly
 Monthly 

Premiums*

Premium (Rs.) (excluding discount)

Minimum:

Single Pay - Rs. 5,000
Limited Pay / Regular Pay – Rs. 24,000 p.a.

Maximum:
Other than PoS: No limit, subject to the
Board Approved Underwriting Policy (BAUP)
For PoS:
Corresponding to a maximum Death Benefit of Rs. 25 lakhs

Income period

Income period

Option 1: 20 to 45 years (in multiples of 5 years)
The Policy Term + Income period is within the range of 25 years to 50 years
Option 2: 30 years for 5 pay and 25 years for
10 pay

Income mode

 Income mode  
 Annual and Monthly 

Age at maturity~

 Minimum age at maturity  Other than POS
 Option 1: 18 years
 Option 2: 23 years

 For POS
 Option 1: 18 years
 Option 2: Not available

Maximum age at maturity

 Other than POS:
 Option 1: 77 years
 Option 2: 70 years

 For POS:
 Option 1: 65 years
 Option 2: Not available

Sum assured

 Sum Assured  

Minimum:
Single pay:
Single Life – Rs. 50,000
Joint Life – Rs. 6,250 for First death and
Rs. 50,000 for Second death
Regular / Limited pay:
Rs. 24,000* Death Benefit Multiple

Maximum:

Other than PoS: No limit, subject to the
Board Approved Underwriting Policy (BAUP)
For PoS:
Corresponding to a maximum Death Benefit of Rs. 25 lakhs


 ~All reference to age is as on last birthday

PAN card
Aadhaar card
Bank statement (for the previous 6 months)
Salary slip
Income tax receipt

Frequently Asked Questions

What is the minimum premium amount that needs to be paid for this plan?

When you purchase the Tata AIA Life Insurance Fortune Guarantee Plus (UIN: 110N158V02) plan, the minimum premium amount to be paid is as follows:

  • Single Pay - Rs. 5,000
  • Limited Pay / Regular Pay – Rs. 24,000 p.a.
What is the premium payment frequency for this life insurance investment plan?

You can choose from the following premium payment frequencies

  • Annual 
  • Half-yearly
  • Quarterly
  • Monthly 
  • Single
How can I raise a claim under this savings plan?

You can choose any of the following channels to reach out to us and raise a claim.

The Claims Department,
Tata AIA Life Insurance Company Limited
B- wing, 9th Floor,
I-Think Techno Campus,
Behind TCS, Pokhran Road No.2,
Close to Eastern Express Highway,
Thane(West) 400 607.
IRDA Regn No. 110

What documents would I require to buy an insurance policy?

To buy an insurance policy, you need to submit the following mandatory documents.

Proof of address:

The following documents are accepted as valid proof of your address.

  • Bank Statement (or passbook) with the latest entries for six months 
  • Aadhaar card
  • Passport
  • Voter's ID
  • Driving license
  • Electricity/telephone bill
  • Ration card

Proof of identity:

Some of the documents that are accepted as valid proof of your identity include:

  • PAN card
  • Aadhaar card
  • Passport
  • Driving license

Documents showing proof of income:

These documents, which are required only for a few plans, include:

  • Salary slips of the previous 3 months
  • Income tax returns/Employer certificate
  • Bank statement of the previous 6 months
  • Latest Form 16
What are riders? Which rider can I purchase with the Fortune Guarantee Plus plan?

Riders are additional provisions that you can add on to your basic insurance policy, in order to enhance the protection and the benefits you receive.

With the Tata AIA Life Insurance Smart Income Plus (UIN: 110N158V01) plan, you can purchase the following riders.

 

Need help to choose the right plan?

+91

By submitting your details, you are giving your consent to receive SMS/Call by Tata AIA Life Insurance Company Limited or its representative, with reference to this solicited inquiry even though you may be registered on the DND list. L&C/Advt/2019/Jan/075

Disclaimers
  • 1Guaranteed Income shall be a fixed percentage of the Annualised Premium / Single Premium (excluding discount) payable in a year.

  • This product is underwritten by Tata AIA Life Insurance Company Ltd.

  • Insurance cover is available under this product.

  • Policies sourced through PoS Channel will not have any medical examination. This plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.

  • *Premium excludes the taxes, rider premiums, underwriting extra premiums, loading for modal premiums if any

  • 2Tata 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.

  • ^^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 on this site. Please consult your own tax consultant to know the tax benefits available to you.

  • 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.

  • Risk cover commences along with policy commencement for all lives, including minor lives.

  • 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.

  • All Premiums and interest payable under the policy are exclusive of the taxes, rider premiums, underwriting extra premiums, loading for modal premiums, if any which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium 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.


     L&C/Advt/2021/May/0678