No relevant search results found.
Language
Thank you for sharing your details. To receive a call from Tata AIA Financial Advisor.
reCAPTCHA is not working.
Call us
FOR EXISTING POLICY
FOR NEW POLICY
Get your free personalized
quote
Get your free personalized quote
Success
Take control of your retirement with our Guaranteed$ Pension Plan – a plan that ensures consistent and guaranteed income. Experience the joy of financial independence in your second innings where financial stability is assured along with peace of mind that comes by safeguarding your family’s future. Take a step towards making your golden years the happiest!
Key Benefits: Tata AIA Fortune Guarantee Pension
-
![]()
Lifelong guaranteed$ income
Make your dream retirement a reality by securing a lifetime of financial security to enjoy your golden years.
-
![]()
Choice of Annuity Options
You can choose from varied and flexible options like immediate annuity, deferred annuity, options with return of purchase price and Single Life, or Joint Life.
-
![]()
Guaranteed* Additions
The Guaranteed* Additions are accumulated at the end of every policy month during the Deferment Period of Plan option 3 and 4, provided all due premiums are paid. They become part of the death benefit. These additions cannot accrue if the policy lapses or becomes a Reduced Paid-Up policy.
*T&C apply
-
![]()
Joint Life Option
Option to cover two lives where the secondary annuitant is entitled to receive the Annuity Payouts in case of unfortune death of the primary annuitant.
-
![]()
Death Benefit
In case of your untimely demise during the policy term, the death benefit is paid out to the nominee in case of the annuitant's death in Single Life option or on the second annuitant’s death in the Joint Life option.
-
![]()
Loan against the Policy
The annuitant can get a loan on the policy, six months after the policy’s commencement but not on Immediate Life Annuity. Under Joint Life, the primary annuitant can take a loan which the secondary annuitant can avail in case of the primary annuitant’s death.
-
![]()
Income Tax benefits#
You can avail tax benefits# as per applicable income tax laws. These benefits are subject to the policy terms and conditions.
.svg)
.svg)
.svg)
.svg)
Why a pension plan is necessary?
-
![]()
Ensures a quality living
Provides a reliable source of income after retirement, helping you maintain a certain standard of living without depending on others.
-
![]()
Long-term savings
Encourages disciplined, long-term savings habits, ensuring a nest egg for retirement.
-
![]()
Beginning of a new innings
After several decades of professional career, you deserve a life filled with peace of mind. A pension plan goes a long way in making it a reality with financial security.
-
![]()
Rising medical expenses
If there is a medical emergency when there is no monthly salary, you need to have adequate funds to pay the expenses of treatment and stay healthy.
-
![]()
Pursue your passion
After your retirement, you have a lot of time which you can spend with your loved ones and embrace new hobbies and aspirations. It’s when the lifelong income will help you celebrate life to the fullest.
-
![]()
Survivor benefits
Some pension plans provide benefits to surviving spouses or beneficiaries, offering financial protection to loved ones.
.svg)
.svg)
.svg)
.svg)
.svg)
.svg)
Why Choose Tata AIA Life Insurance?
Frequently Asked Questions
What is an annuity?
When an insurance company and an individual make an investment agreement over the long term, where the individual makes a payment in a lump sum or in installments in return for regular or monthly income, either immediately or after some years, this concept is called an annuity.
What are annuity pension plans?
An annuity pension plan is an annuity plan that pays out an income in the future after you invest a certain amount in the annuity. The payments will depend on the Entry age of annuitant, Premium/purchase price, PPT & option chosen under the plan.
When should you start investing in a pension plan?
It is wise to start investing in a pension plan as soon as you begin earning a steady salary. At least 12% of your savings should go towards a pension plan.
What is a Deferment Period? What is the available deferment period in this plan?
The Deferment Period is the number of years after which you can avail the annuity payouts from the plan. The Deferment Period for the Tata AIA Fortune Guarantee Pension Plan is a minimum of 1 year and a maximum of 10 years for Single Pay, equal to premium payment term for Regular Pay and a minimum of 1 year plus the Premium Payment Term to a maximum of 5 years plus the Premium Payment Term for Limited Pay.
Do I get any surrender benefits with this pension plan?
While the Immediate Life Annuity option does not offer any surrender benefits, the other options acquire surrender value depending on the premium payment mode. For a Single Pay plan, the policy acquires surrender value any time after the policy’s date of commencement, while for a Regular/Limited Pay plan, the policy acquires surrender value after at least 2 full years’ premiums have been paid.
Does this plan have a free look period?
The free look period for this plan is a period of 15 days from the date of the annuitant receiving the policy document. But if the plan has been purchased online or through any electronic mode, the 15-day free look period is extended to 30 days.
Disclaimer
- The complete name of Tata AIA Fortune Guarantee Pension Plan is Tata AIA Life Insurance Fortune Guarantee Pension Plan (UIN:110N161V08) - A Non-Linked Non-Participating Individual Life Insurance Plan
- $The word Guaranteed and Guarantee means the annuity payout is fixed at inception of the policy and will be payable for whole of life or till death of the Annuitant(s).
- 172,34,092 families protected till 31st March 2023.
- 2Retail Sum Assured for FY2023 is Rs 4,43,479 Crores
- 3As on 31st August 2023, the company has a total Assets Under Management (AUM) of Rs. 81,601.11 Crores
- 4Applicable to only non-early claims more than 3 years of policy duration, non-investigation cases, up to Sum assured of 50 lacs. 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 and open title claims.
- 5Tata AIA Vitality - A Wellness Program that offers you an upfront discount on rider premium at policy inception. You can also earn rider premium discount / cover booster (as applicable) for subsequent years on policy anniversary basis your Vitality Status (tracked on Vitality app) Please refer rider brochures for additional details on health and wellness benefits.
- +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. 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.
- %Return of Purchase price means return of all premiums paid excluding any extra premium, any rider premium, taxes and other statutory levies, if applicable
- #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
- For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
- Product Option Immediate Life Annuity with Return of Purchase Price is available under PoS as well.
- *Guaranteed Additions accrue at the end of each completed policy month, subject to all due premiums being paid and form a part of the Death Benefit offered under the option.
- 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.
- L&C/Misc/2024/Apr/0272
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
BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS / FRAUDULENT OFFERS 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. |
