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.

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.

Yes, the Tata AIA Fortune Pro allows you to choose from range of 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.

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.

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 65 years.

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.

In case of Life Assured’s death, their nominee stands to receive highest of basic sum assured net of all “Deductible Partial Withdrawals” or the fund value of the policy or 105% return of the total premiums paid until the date of death. In addition to this if policyholder has also opted for a top-up sum assured, then their nominee stands to receive highest of top-up sum assured or the fund value of the top-up premium or 105% return of the total top-up premiums paid until the date of death.

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

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.

• The complete name of Tata AIA Fortune Pro is Tata AIA Life Insurance Fortune Pro (UIN: 110L112V06) - Unit Linked Individual Life Insurance Savings Plan.
• ^All funds open for new business which have completed 5 years since inception are rated 4 or 5 stars by Morningstar on a 5 year basis as of Mar’2023
• ^^Market-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.
• ^~©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
• ⁺5 year computed NAV for Multi Cap Fund as of June 2023. Other funds are also available in Tata AIA Life Insurance Fortune Pro.
• ^#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.
• 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.
• Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA 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.
• 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.
• IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE LINKED INSURANCE PRODUCT 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
• ³Families protected from inception till date.
• ⁴Retail Sum Assured for FY22 is Rs 3,07,804 Cr.
• ⁵As on 31st August 2022, the company has a total Assets Under Management (AUM) of Rs. 62,894 Crores.
• ⁶Individual Death Claim Settlement Ratio is 99.01% for FY 2022 - 23 as per the latest annual audited figures.
• ⁷Applicable to only non-early claims more than 3 years of policy duration, non-investigation cases, up to Sum assured of 50 Lakh. 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.
• This product is underwritten by Tata AIA Life Insurance Company Ltd. This 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. For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale.
• In case of sub-standard lives, extra premiums will be charged as per our underwriting guidelines.
• 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.
• L&C/Advt/2023/Oct/3372