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In This Policy, The Investment Risk in Investment Portfolio Is Borne by The Policyholder
Unit Linked Individual Life Insurance Savings Plan (UIN:110L112V04)

Tata AIAFortune Pro

Start investing at just Rs 1000 / month*

Tata AIA Fortune Pro gives you the liberty to make a long-term wealth plan that not only brings discipline to your investment but also enables you to create a stable financial corpus for your various needs.


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Get Optimum ULIP Benefits with Tata AIA Assurance

Know more about Tata AIA Fortune Pro by taking a look at the video below:

Plan Benefits of Tata AIA Fortune Pro

Wealth Creation

Wealth Creation

This Plan helps you build your wealth over the years by investing a portion of the premium amount regularly in investment funds of your choice under the policy.  

Fund Options

Fund Options

You get to choose from 11 different fund options as per your risk appetite and investment goals. Enjoy the benefit of switching between investment funds that can help you get closer to the expected investment returns.

Life Cover

Life Cover

Keep your family safe with a long and protective life cover for up to 75 years of age.   

Loyalty Additions

Loyalty Additions

Your investment can be boosted with loyalty additions as an incentive for staying consistently invested in the plan over the investment period. These additions add to the total corpus in your fund to boost your wealth plan.

Highlights of Tata AIA Fortune Pro

  • Flexible Premium Options

    This ULIP plan enables you to choose from different policy terms and premium payment terms along with your choice of premium payment mode so that you can align your financial goals with your investment horizon.

  • Optional Riders

    Select one or all of the optional rider% benefits offered under the policy for additional coverage on your policy. Protect your family from unforeseen events or benefit from a waiver of premium when needed.

  • Strategized Investment

    Align your investment portfolio with the Tata AIA Life Insurance Enhanced SMART portfolio strategy, a systematic transfer plan to help your investment grow in a structured manner in a volatile equity market.

  • Tax Benefits

    The premiums paid towards the policy are eligible for tax# deductions under Section 80C of the Income Tax Act while the death benefit and the maturity benefit are exempt from tax under Section 10(10D) of the Income Tax Act, subject to policy terms and conditions.  

Need more information?

Let us help you

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.

Looking to get a new plan? 

Connect with us now

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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.

Who Should Opt for Tata AIA Fortune Pro?
 

As a Unit-Linked Insurance Plan, the Tata AIA Fortune Pro is designed for investors who want to create and build their wealth over the medium to long term. With a life cover sum assured, an opportunity to create a financial corpus and enhance your policy with optional coverage, you should get the Tata AIA Fortune Pro if you are:

  • A Young Working Professional

    Investing in a ULIP during your earlier service years can help you handle more investment risk than in the later years. Therefore, find a suitable ULIP as per your risk appetite and medium to long-term investment goals.

    A Young Working Professional

    Investing in a ULIP during your earlier service years can help you handle more investment risk than in the later years. Therefore, find a suitable ULIP as per your risk appetite and medium to long-term investment goals.
  • Looking for Diversification

    Investors keen to diversify their portfolio can add a Unit-Linked Insurance Plan to their investments that will not only help them earn market-linked returns1 but offer extensive life cover protection for their family’s financial security.

    Looking for Diversification

    Investors keen to diversify their portfolio can add a Unit-Linked Insurance Plan to their investments that will not only help them earn market-linked returns1 but offer extensive life cover protection for their family’s financial security.
  • Seeking Market-Linked Returns1

    New investors looking for a guided investment approach to market-linked instruments can select a ULIP policy after carefully selecting a policy as per their risk profile and investment goals to earn returns from the market.

    Seeking Market-Linked Returns1

    New investors looking for a guided investment approach to market-linked instruments can select a ULIP policy after carefully selecting a policy as per their risk profile and investment goals to earn returns from the market.
  • Planning Your Retirement

    A ULIP policy can help you earn market-linked returns1 and accumulate your wealth over a medium to long term. Such a financial corpus, if well-planned, can serve your needs and obligations during your retirement years.

    Planning Your Retirement

    A ULIP policy can help you earn market-linked returns1 and accumulate your wealth over a medium to long term. Such a financial corpus, if well-planned, can serve your needs and obligations during your retirement years.

Why Do You Need Tata AIA Fortune Pro?

  • Cost-effective/affordable - Why Purchase Term Insurance Plans Online?
    Life Cover Protection

    Get life cover of up to 75 years of age, to keep your loved ones safe from any future unforeseen eventualities. In case of any unfortunate event such as death of the life assured before the end of the policy term, the life cover will pay out the sum assured death benefit for their financial security.

  • Enhance Term Insurance coverage with Rider Benefits
    Premium Redirection

    You can redirect your future premium allocation to a different set of funds. This facility is available at no extra cost and you can choose to redirect the premiums as and when you review your investments.

  • Mobile SMS Icon"
    Enhanced SMART

    By opting for the Enhanced SMART (Enhanced Systematic Money Allocation & Regular Transfer Investment Portfolio Strategy) portfolio strategy, the policy enables you to invest in debt-oriented funds and equity-oriented funds that offer your investments the benefit of rupee cost averaging in a volatile financial market.

  • Choose your sum assured to get coverage which is at least 10 times of your annual income
    Partial Withdrawals

    Once the lock-in period of your ULIP is complete, the policy allows you to make up to four free partial withdrawals from your investment fund. This ensures you can fulfil any emergency needs or financial obligations that may arise during the course of the policy term.

How does this plan work?

Step 1 : Select a Suitable Sum Assured

Depending on the choice of your premium payment mode – Single Pay, Regular Pay, Limited Pay, you can choose a minimum or maximum basic sum assured, as per your needs and affordability.

Step 2 : Choose the Policy Term and Premium Payment Term

With convenient options of policy terms and premium payment terms and modes, you can select one option that best aligns your investment and life insurance goals with the policy term.

Policy Term

15 to 40 years

Premium Paying Term

Single Pay

Limited Pay – 5 years /7 years and10 years

Regular/Limited Pay – 15 years and 20 years

 

Step 3 : Complete the Online Purchase

When you buy our Tata AIA Fortune Pro policy online, we offer different digital payment channels through which you can pay your premium and complete the purchase.

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER | Unit Linked Individual Life Insurance Savings Plan (UIN: 110L112V04)
 

Tata AIA
 

Fortune Pro
 
Key Features:

  • A ULIP Plan with all funds rated 4 or 5 stars^ by Morningstar~

  • Start investing with as low as Rs 1000 /month**

  • Regular Loyalty Additions to boost your investments

  • You can choose from 11 Fund options for enhanced investment opportunities

  • Get tax benefits as per applicable tax laws#  

Check Eligibility and Documents Required

Eligibility
Minimum Issue Age
(Age last birthday)
  • Minimum Maximum
    0 years (30 days) 59 years
Minimum Maturity Age
(Age last birthday)
  • Minimum Maximum
    18 years 75 years

Policy Term

15 to 40 years

Premium Paying Term

Single Pay

Limited Pay – 5 /7 and10 years

Regular/Limited Pay – 15 and 20 years

Pay Mode

Single, Annual, Semi-Annual,

Quarterly, Monthly

Minimum Premium1

Single Pay – ₹1,00,000

Regular/Limited Pay – ₹12,000 per annum

Maximum Premium1

Single Pay – ₹5,00,000

Regular/Limited Pay – ₹5,00,000 per annum

Minimum Basic Sum Assured2

For Single Pay –

1.25 times the Single Premium

For Regular / Limited Pay –

Higher of (10*AP) OR (0.5*Policy Term* AP)

 

Maximum Basic Sum Assured2

For Single Pay –

1.25 times the Single Premium

For Regular / Limited Pay –

Entry Age Band

Maximum Multiple of AP

0 to 29

30

30 to 35

20

36 to 45

Higher of the (Policy Term/ 2 or 15)

 

46 to 59

Higher of the (Policy Term/ 2 or 10)

 

AP = Annualised Premium. It is the premium to be paid in a year and does not include taxes, rider premiums and underwriting on extra premiums on riders, if any.


1
Increase or decrease in Premium is not allowed under this plan. If Premium is the starting point, Premium should be chosen to be a multiple of ₹1,000.
 

2Increase or decrease in Basic Sum Assured by changing the premium multiple is allowed subject to Underwriting and limit set by the Company. If Basic Sum Assured is the starting point, Basic Sum Assured should be the next higher multiple of ₹1,000.

Documents Required

PAN card

Bank statement

(for the previous 6 months)

Salary Slip

Aadhar Card

Income Tax Reciept

Add Life Insurance Investment Riders

Tata AIA Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider (UIN: 110A027V02)

Protect your family with this rider option that pays out a lump sum benefit to them in the event of accidental death.
In certain cases of accidental death and dismemberment, the lump sum benefit to be paid out will be doubled.

Tata AIA Waiver of Premium (Linked) Rider (UIN: 110A026V02)

By adding this rider to your policy, all future policy premiums to be paid can be waived off in case of the policyholder’s permanent and total disability.
The benefit under this rider is paid out if the policyholder passes away in case of the earlier of the two – before the age of 65 years or before the premium payment term.

Tata AIA Waiver of Premium Plus (Linked) Rider (UIN: 110A025V02)

This unit-deducting rider waives of all future premiums to be paid on the policy in case of the policyholder’s death or their total and permanent disability.
The benefit can be paid out only if the event covered occurs in case of the earlier of the two – before the policyholder becomes 70 years of age or before the premium payment term.

Frequently Asked Questions

Generic Policy Cover Claim

What is a life insurance investment plan?

 A life insurance investment plan comes with the dual benefit of medium to long-term investment as well as life insurance cover to protect your loved ones. Under this type of plan, you can choose your investment funds as per your investment objectives, tenure and affordability and pay your premiums towards the plan.

The premiums will be divided between the investment and the life cover of the life insurance policy. These plans can be a good choice for investors seeking to create a wealth plan through market-linked returns1.

Are Unit-Linked Insurance Plans the same as savings plans?

No, Unit-Linked Insurance Plans are not the same as savings plans. Under savings plans, you save your money in the life insurance policy by paying the premiums and at the end of the policy term, you receive guaranteed returns that have been accumulated throughout the policy term. On the other hand, Unit-Linked Insurance Plans do not offer guaranteed returns as they are market-linked products and offer returns accordingly.

Therefore, your investment returns will be based on the market performance of your selected funds. However, the life cover under a ULIP is guaranteed and so, in the event of your death, the sum assured, as promised, will be paid out to your nominee.

How do I purchase a ULIP?

You can choose to buy a ULIP offline or online. The offline purchase can be made by visiting any of the Tata AIA Life Insurance branch offices. Alternatively, if you want to buy the policy online, simply head to our Buy Online page and fill in your details to purchase your Unit-Linked Insurance Plan.

Are there any tax benefits on ULIPs?

A ULIP investor can avail of tax benefits of up to ₹1,50,000 on the policy premiums paid towards the ULIPs under Section 80C of the Income Tax Act, 1961. However, this is applicable where the premiums do not exceed 20% of the sum assured for plans purchased before April 01, 2012. For a ULIP purchased after April 01, 2012, the premium should be less than 10% of the sum assured.

Under Section 10 (10D) of the Income Tax Act, 1961, the maturity benefits under the ULIP will be tax-free. And if you continue your investment through the lock-in period of 5 years, you can continue enjoying the tax benefits.

Is it better to buy a policy online?

Buying your policy online helps you save more time as the online purchasing process is quick and easy. Moreover, you can also check the different plan options, calculate your ULIP returns online, and read the online brochure and reviews before buying the plan from the comfort of your home. In the case of offline plans, the process of researching your ULIP and buying it is more time-consuming.

Does Tata AIA Fortune Pro offer any fund options?

Yes, Tata AIA Fortune Pro allows you to choose from 11 different investment funds as per your investment objectives and risk appetite. You can either opt for a few or all of the fund options available under the plan. Additionally, you can also opt for switching between the funds during the course of the policy term if you want to realign your fund options with the expected returns.

What is the lock-in period of Tata AIA Fortune Pro?

When you invest in Tata AIA Fortune Pro, the lock-in period for this Unit-Linked Insurance Plan is 5 years starting from policy inception. During this period, you may not liquidate your funds, make any complete or partial withdrawals or surrender the policy. Hence, if you are seeking a steady investment that cannot be liquidated or interrupted for a given time period, you can opt for Tata AIA Fortune Pro.

What is the minimum and maximum entry age for this investment plan?

The Tata AIA Fortune Pro policy can be issued at the minimum entry age of 0 years and 30 days. The maximum entry age for this ULIP is 59 years.  

What are the riders available under this Unit-Linked Insurance Plan?

The following riders% are available under this policy:

  • Tata AIA Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider (UIN: 110A027V02)

  • Tata AIA Waiver of Premium (Linked) Rider (UIN: 110A026V02)

  • Tata AIA Waiver of Premium Plus (Linked) Rider (UIN: 110A025V02)

Can I top-up my sum assured under this ULIP?

Yes, this Unit-Linked Insurance Plan enables you to top up your sum assured. However, you may not increase or decrease the top-up sum assured during the policy term once you have opted for this facility. 

How does the top-up feature work?

The minimum top-up amount offered under this plan is ₹5000 and the acceptance of the top-up is subject to the underwriting guidelines of Tata AIA Life Insurance. The total amount of the top-up premiums cannot exceed the sum of the base policy premiums paid throughout the policy term.

You can choose to allocate the top-up amount as per your needs to all or some of your chosen funds under the plan and this premium will also be subject to the lock-in period of 5 years unless the policy is completely withdrawn.

What is the maturity benefit of this plan?

If you survive the policy term of the Tata AIA Fortune Pro policy, you are eligible to receive a pay out of the total fund value. This fund value comprises the total premium fund value (regular or single) and the top-up premium fund value (if any) at the Net Asset Value as on the date of the policy’s maturity.

What is the life insurance cover offered by this plan?

The life cover option under the Tata AIA Fortune Pro policy offers life insurance protection to you and your family until the maximum maturity age of 75 years.

What are my premium payment options under this plan?

You can choose the Single Pay option where all your premiums can be paid as a lump sum. Or you could opt for the Limited Pay option for 5 or 7 years and 10 years. Under the Regular/Limited Pay option, you can pay the premiums for a premium paying term of 15 and 20 years, respectively.

The payment modes offered under the Tata AIA Fortune Pro policy are as follows:

  • Single

  • Monthly

  • Quarterly

  • Semi-Annual

  • Annual 

Is it possible to make partial withdrawals on this ULIP?

The Tata AIA Fortune Pro policy has a lock-in period of 5 years during which no partial or complete fund withdrawals are allowed. However, subject to the policy being in force after 5 years from the policy issuance, a minimum partial withdrawal of Rs 5000 under the regular premium option can be made. However, this amount is subject to the total fund value of the policy as per the withdrawal guidelines.

Moreover, for a policy purchased on the behalf of a minor, partial withdrawals can only be made once the insured reaches 18 years of age. Each year, you can make up to four free partial withdrawals.

Do I need to file a separate claim for the rider benefits?

Yes, the rider% benefits can only be claimed when the insured is affected by the events covered under the rider. The riders cover accidental death or disability or waiver of premium, subject to rider terms and conditions.

What are the documents required for a claim settlement?

You can click here to know the list of all the documents needed for the claim intimation and settlement process.

How do I file a claim under this policy?

 To file a claim, you can choose any of the following channels to reach out to us:

  • You can visit our official website, go to the Claims page to upload your documents and register your claim online.

  • For a chat-based service, type “CLAIM” and send it on our WhatsApp number 7045669966

  • If you need the documents to be picked up from your home, give us a call.

  • Look for your nearest Tata AIA Life Insurance branch office here and visit us.

  • Get in touch with us at customer.care@tataaia.com or on our helpline number 1860-266-9966 or NRI number +91-80-67603700 for any claim-related assistance.

Need more information?

Let us help you

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.

Looking to get a new plan? 

Connect with us now

+91

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.

Disclaimers 

  • The complete name of Tata AIA Fortune Pro is Tata AIA Life Insurance Fortune Pro (UIN: 110L112V04) - Unit Linked Individual Life Insurance Savings Plan.
  • The complete name of Tata AIA Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider is Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider (UIN: 110A027V02 or any other later version) - Linked, Individual, Health Insurance Rider.
  • The complete name of Tata AIA Waiver of Premium (Linked) Rider is Tata AIA Life Insurance Waiver of Premium (Linked) Rider (UIN: 110A026V02 or any other later version) - Linked, Individual, Health Insurance Rider.
  • The complete name of Tata AIA Waiver of Premium Plus (Linked) Rider is Tata AIA Life Insurance Waiver of Premium (Linked) Rider (UIN: 110A025V02 or any other later version) - Linked, Individual, Health Insurance Rider.
  • ^on a 5-year basis as of December 2021.
  • ~©2020 Morningstar. All rights reserved. The Morningstar name is a registered trademark of Morningstar, Inc. in India and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited (“Morningstar); (2) may not be copied, redistributed or used by any means, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from the data published on various dates and procured from various sources and (4) shall not be construed as a n offer to buy or sell any security or other investment vehicle. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates or agents shall be responsible or liable for any traducing decisions, damages or other losses resulting directly or indirectly from the information
  • *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 the sales illustration for the exact premium.
  • 1Market-linked returns are subject to market risks and terms & conditions of the product. The assumed rate of returns or illustrated amount may not be guaranteed and depends on market fluctuations.
  • #Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment 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.
  • %Rider is not mandatory and is 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/ branch.
  • Linked Insurance Products do not offer any liquidity during the first five years of the contract. The policy holder will not be able to surrender/ withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.
  • Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Life Insurance Fortune Pro is only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
  • The fund is managed by Tata AIA Life Insurance Company Ltd.
  • 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.
  • Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal to) a year, with reinvestment of dividends (if any).
  • Investments are subject to market risks. The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market.
  • Please make your own independent decision after consulting your financial or other professional advisor.
  • Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Please know the associated risks and the applicable charges, from your Insurance Agent or Intermediary or Policy Document issued by the Insurance Company.
  • Various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. The underlying Fund's NAV will be affected by interest rates and the performance of the underlying stocks.
  • The performance of the managed portfolios and funds is not guaranteed and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.
  • Premium paid in the Unit Linked Life Insurance Policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the Insured is responsible for his/her decisions.
  • Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document issued by the Insurance Company.
  • Insurance cover is available under the product.
  • The products are underwritten by Tata AIA Life Insurance Company Ltd.
  • The plans are not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
  • L&C/Advt/2022/Oct/2455