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Get guaranteed* tax-free# alternate source of income for yourself or your loved ones, assisting you in achieving your financial goals such as buying your car or dream house.
This savings plan provides you an option with inbuilt critical illness benefit that gives you financial assistance upon the diagnosis of any of 40 defined critical illnesses including cancer and cardiac arrest~
While you enjoy peace of mind with guaranteed* tax-free# annual income, your entire premiums paid are returned at the end of the income period.
Your premiums paid and guaranteed* income received on maturity is all TAX Free! Also, save income tax up to Rs 46,800++ every year.
On enrolling into the Wellness Program with Tata AIA Vitality Protect / Tata AIA Vitality Health rider, you can get an upfront discount~~ of up to 10% on your 1st year rider premium.
You can choose your premium payment mode between single, annual, half-yearly, quarterly, and monthly mode.
You can add optional riders^ to increase your plan coverage
Option to receive income either on a monthly or annual basis, as per convenience.
Choose from either a regular income plan or regular income with an in-built critical illness benefit.
With Joint Life policy option, provide life cover to your spouse under the same policy.
*T&C apply
4T&C apply
How to Create Your Own Plan?
Tata AIA Fortune Guarantee Plus gives you a wide choice of payment and policy terms. With income term as long as 45 years, you can receive immediate income after the payment term or deferred income as per your financial needs.
Option to choose between 2 variants
How to Purchase this Plan?
You can purchase the plan online in few steps
Use our online calculator to calculate the income you need to fulfil your life goals.
Upload all the mandatory documents and fill the guided form to issue the plan.
You can make the premium payment online hassle free using multiple premium payment options such as credit card, debit card, payment wallets, net banking etc.
Your plan will be issued post verification of your details submitted.
How to Purchase this Plan?
Use our online calculator to calculate the income you need to fulfil your life goals.
Upload all the mandatory documents and fill the guided form to issue the plan.
You can make the premium payment online hassle free using multiple premium payment options such as credit card, debit card, payment wallets, net banking etc.
Your plan will be issued post verification of your details.
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All reference to age is as on last birthday.
Know the Policy Term and Premium Payment Term
Premium Payment Term |
Policy Term | ||||
Option 1 | Option 2 | ||||
Single Pay Sum Assured (I) |
Single Pay (Sum Assured II) |
Regular Pay | Limited Pay | Regular Pay | |
1 year | 5 years | 5 & 10 years |
- |
- |
- |
5 to 12 years | - |
- | Same as Premium Payment Term | - |
- |
5 years | - |
- | - |
6 to 10 years | Same as Premium Payment Term |
6 years | - |
- | - |
7 to 11 years | - |
7 years | - |
- | - |
8 to 12 years | - |
8 years | - |
- | - |
9 to 13 years | - |
9 years | - |
- | - |
10 to 14 years | - |
10 years | - |
- | - |
11 to 15 years | Same as Premium Payment Term |
11 years | - |
- | - |
12 to 16 years | - |
12 years | - |
- | - |
13 to 17 years | - |
Our experts are happy to help you!
What is a savings policy?
A savings plan is a life insurance plan that provides an avenue for savings for important life goals and a basic life cover to support your family financially. The life cover will provide financial security to your family and ensure a steady source of income in absence of the life assured so that their lifestyle is not compromised.
What are riders? Why do I need a rider?
Riders^ are add-on benefits that can be attached to a life insurance plan at a nominal cost. These riders offer multiple benefits such as coverage against accidental death, disability, critical & terminal illness, unforeseen medical expenses, etc.
What is a claim settlement ratio?
The claim settlement ratio is referred to as the number of claims that have been passed by an insurance company. It is the ratio of the number of claims settled by an insurer to the number of claims filed in a given period.
What is a regular income / guaranteed income insurance plan?
A regular income or guaranteed income insurance plan is a savings plan that allows you to accumulate a savings corpus over the policy term, along with a basic life cover. When the policy matures, you can choose to receive the guaranteed benefits of the plan, which is the accumulated financial corpus in the form of a regular/guaranteed income for an income period of your choice. Additionally, in case of your unfortunate demise, the family receives the death benefit.
Why do I need a savings plan?
A savings insurance plan provides an avenue for disciplined savings with guaranteed or non-guaranteed benefits to plan for important life goals. In addition, savings plans come with a basic life cover which ensures financial support to your loved ones in case of your absence.
When does a policy lapse?
When the premiums for 1 full year has not been paid within the grace period, the policy will lapse from the due date of first unpaid premium, and no benefits will be payable to the policyholder.
What is the difference between guaranteed income and whole life insurance?
Whole life insurance is a form of life insurance where the life cover or the policy term is up to the age of 100 years. This means that the policyholder’s family can be protected with a life cover for the policyholder’s entire lifetime. At the end of the policy term, a whole life plan may offer an accumulated corpus or the return of all the paid premiums as a survival benefit.
On the other hand, a guaranteed income plan is a savings avenue where the maturity benefits are assured or guaranteed and can be paid out as a regular income or as a lump sum, as per the policyholder’s choice. However, a guaranteed income plan may also offer the return of premiums with the maturity benefit.
In the case of whole life insurance as well as a guaranteed income plan, if the policyholder dies during the policy term, the insurance company will pay a death benefit to the appointed nominees.
What is the maturity benefit in a guaranteed income plan?
The maturity benefit in a guaranteed income plan is the money/funds saved over the policy term that has been paid in the form of premiums. This amount can either be paid out as a lump sum benefit or as a regular income once the policy matures.
Why purchase our best guaranteed return insurance plan?
With our best guaranteed return insurance plan, you can choose from the policy term and a sum assured of your choice to provide life insurance coverage to your family as per your insurance needs. To ensure that the premiums can be paid at your convenience, you can also choose a flexible premium paying term and frequency.
You can make the most of our guaranteed return insurance plan with a range of policy benefits, such as life cover, guaranteed returns, and regular savings through easy premium payments.
What are the variants of the Tata AIA Fortune Guarantee Plus plan?
The Tata AIA Fortune Guarantee Plus offers the following two variants:
Do I get any tax benefits with this plan?
Yes! You can save tax up to 46,800++ and avail tax benefits as per the applicable income tax laws. The premiums paid will qualify for tax benefits under section 80C of the income tax act.
What is the grace period for this plan?
This plan provides a grace period of 15 days for the monthly payment mode and 30 days for all other modes from the due date of subsequent premium payments.
Does this plan offer a Free Look period?
Yes, this plan has a free look period of 30 days from the date of issuance if the policy whether purchased electronically or otherwise.
Does the Tata AIA Fortune Guarantee Plus have a loan facility?
Yes, once the policy acquires a surrender value, you can apply for a policy loan for an amount that does not exceed 80% of the surrender value. The assignee of the policy will be Tata AIA Life.
Are guaranteed return plans tax-free?
With guaranteed* return plans, such as Tata AIA Fortune Guarantee Plus (Non-Linked, Non-Participating, Individual Life Insurance Savings Plan (UIN: 110N158V13), you can save income tax# up to 46,800++ every year.
*T&C apply
What is the difference between the plan variants, i.e., regular income and regular income with critical illness benefit?
There are very few differences between the two plan variants – regular income and regular income with critical illness benefit.
The main difference is that the second plan option comes with an inbuilt critical illness benefit that offers coverage against 40 critical illnesses, which the first plan option does not.
Only the Regular Pay option for premium payment is enabled under the second plan option, and the Income Period is different for both plan options – 20 to 45 years for option 1 and 30 or 25 years for option 2.
Can I change the plan option once chosen?
No. You can choose one of the two plan options – Regular Income or Regular Income with inbuilt Critical Illness benefit – only at the time of purchasing this savings plan and cannot make any changes after.
Which rider can I purchase with the Tata AIA Fortune Guarantee Plus plan?
With the Tata AIA Fortune Guarantee Plus plan, you can purchase the following riders^.
Vitality Protect
A Non-Linked, Non- Participating Individual Health rider (UIN:110B046V04 or later)
Vitality Health
A Non-Linked, Non- Participating Individual Health rider (UIN:110B045V03 or later)
Non-Linked Comprehensive Protection Rider
A Non-Linked, Non- Participating Individual Health Rider (UIN:110B033V04 or later)
Non-Linked Comprehensive Health Rider
A Non-Linked, Non- Participating Individual Health Rider (UIN:110B031V03 or later)
Does this plan provide an option for Joint Life Policy?
Yes, with the Regular Income variant of the Tata AIA Fortune Guarantee Plus plan, you can choose Joint Life Policy under the Single Pay mode for premium payments option.
What is the Income Period under this plan?
You can receive regular income under this plan during the Income Period starting from 20 years for as long as 45 years, as selected by you.
Does this plan offer a waiver of premium benefit?
Yes, if you choose the Regular Income with In-built Critical Illness benefit, the waiver of premium benefit will be applicable. During the policy term and before maturity, if you are diagnosed with a critical illness and the pay-out for the contingency has been made, the plan will continue to be in effect, and all future premiums will be waived off.
Does the plan provide death benefits along with maturity benefits?
No! if the insured passes away during the policy term, the nominee can file a death claim and receive the benefits. However, if the insured survives the policy term, they will receive the financial corpus accumulated under the savings policy as a maturity benefit.
What are the documents required for a claim settlement?
Please click on here to know the list of documents needed for the claim intimation and settlement process.
How can I raise a claim under this savings policy?
To raise a claim, you can choose any of the following channels to reach out to us.
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
How will the claim be processed if the nominee is outside of India?
If the nominee is outside of India and the claim needs to be filed, then the nominee can file the claim online by uploading the attested copies of the required documents online or through email. If the nominee wishes to file the claim offline, then they can courier their documents to their representative in India, who can visit our office and initiate the process.
Does the claim have to be filed at the same Tata AIA Life Insurance branch where the policy was purchased?
No, the claim can be filed at any Tata AIA Life Insurance branch, as per your/the nominee’s convenience. You can locate our office branches and visit the one nearest to you for the claim initiation.
Can I file a Critical Illness claim under this plan?
Yes, if you have chosen the Regular Income with In-built Critical Illness Benefit option under this plan, then you can file a claim with us if and when you are diagnosed with a critical illness that is listed in the policy.
Disclaimers