Tata AIA Fortune Guarantee Secure

Tata AIA Fortune Guarantee Secure - Individual, Non-Linked, Non-participating, Life Insurance Savings Plan (UIN: 110N206V02)

*Guaranteed returns in this plan depends on Age at Entry of life assured, Premium payment term, policy term, premium amount and plan option chosen. Guaranteed income shall be a % of Annualized Premium (before discount). Such Income shall be payable every year during Income Period as per the guaranteed chosen option.

¹The current loyalty addition rate on the Sub-wallet will be 4.05% compounding annually. This rate will be reviewed every six months (on 1st April & 1st October every year).At inception or any time during the policy term, as applicable, the policyholder can choose to receive full or part of his benefits into his ‘Sub-Wallet’. The Sub-wallet will earn a loyalty addition that will accrue daily. This loyalty addition will be at the rate as outlined below: 

• Lower of (State Bank of India savings bank interest rate + 1.50% p.a. AND State Bank of India savings bank interest rate X 1.5 times) 

• This rate will be reviewed every six months (on 1st April & 1st October every year). The current loyalty interest rate on the Sub-wallet based on the above is 4.05% compounding annually for the period from 1st October 2024 to 31st March 2025. The Company may in future change the reference rate from State Bank of India savings bank interest rate to some other index, subject to prior approval of IRDAI. The policyholder can withdraw the balance from the Sub-wallet, in part or in full, anytime during the policy term, as applicable. The balance in the Sub-wallet, if any, will be paid to the policyholder at the time of termination or foreclosure of the policy.

• The policyholder can dynamically set/amend the proportion of the benefit receivable into his Sub-wallet any time during the policy term by prior intimation to the Company.

²Income 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 implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.

No Medical examination shall be required under POS variant of the product.

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

Insurance cover is available under this product.

This plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.

This plan is also available for sale through online mode.

This product brochure should be read along with Benefit Illustration. 

Risk cover commences along with policy commencement for all lives, including minor lives. The policy shall vest in the life of the minor insured once he/she attains majority i.e. 18 years. 

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 applicable taxes, duties, surcharge, cesses or levies 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/2024/Dec/3793