Tata AIA Fortune Guarantee Supreme (110N163V09)

Features

  1. Flexibility to choose guaranteed benefi¬ts in the form of lump sum and/or income to meet your -financial goals. 
  2. Grow income by choosing sub wallet feature & withdraw as and when required.
  3. Women Special discount - 2% on First Year’s Premium specially for women customers.
  4. “Premium Offset” feature to offset premium against survival benefit payouts.
  5. Enjoy tax benefits on premiums and benefits, as per applicable Tax Laws.

Eligibility Criteria

Plan Parameters

Minimum

Maximum

Age at Entry1

30 days

65 years

Age at Maturity1

18 years

100 years

Premium Payment Term (PPT)

For Option 1: 5 years

For Option 2:

 Single Pay – 1 year Regular/Limited pay – 5 years

For Option 1: 12 years

For Option 2: Regular/Limited pay - 30 years

Policy Term (PT)

For Option 1: 10 years

For Option 2:

Single Pay – 5 years Regular Pay – Equal to PPT Limited Pay – PPT + 1

For Option 1: 24 years

For Option 2:

Single Pay – 60 years Regular Pay – Equal to PPT

Limited Pay – 60 years

Basic Sum Assured

Single Pay

Single Life

Death Bene­fit Multiple

Sum Assured

10

₹50,000

7

₹35,000

1.25

₹6,250

Joint Life (Death Bene­t Multiple 7):

1st Death - ₹ 6,250

2nd Death – ₹ 35,000

Regular/Limited pay:

Option 1: ₹ 2,40,000

Option 2: ₹ 1,68,000

 

 

 

 

 

 

 

 

 

No Limit, subject to the Board Approved Underwriting Policy (BAUP)

Premium (₹) (excluding discount)

Single Pay – ₹ 5,000 Limited Pay /Regular Pay – ₹ 24,000 p.a.

No Limit, subject to the Board Approved Underwriting Policy (BAUP)

Plan Parameters

Minimum

Maximum

Income/ Survival Bene­t, if chosen (₹)

₹ 1,000 per annum

10 times of Total premiums payable during entire policy term

Income/ Survival Bene­t frequency

Annually in Advance/ Annually in Arrears / Half-yearly / Quarterly / Monthly

 

In case of joint life policy, age limits apply to both lives

 1 Any reference to Age is as on last birthday

Brochures

Disclaimer

  • 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. In case of Joint Life policy, both life insureds need to be major for the policy to vest on their lives.
  • 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 a Joint Life policy, the Secondary Life can be the spouse/ child/ parent/ grandparent/ grandchild/ parent-in-law or sibling of the Primary Life. Other relationships may be considered as long as there is an insurable interest between the lives, as denied within our Board-approved Underwriting Policy (BAUP).
  • 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.

 

“ The Federal Bank Limited is a Corporate Agent having registration number - Regn. No. CA0227. The service provided by The Federal Bank Limited is purely an agency service and is carried out strictly on a non-risk participation basis. The Federal Bank Limited, as corporate agent does not underwrite the risk or act as an insurer. Participation by the Federal Bank’s customers in the insurance product is purely on a voluntary basis and is not linked to the availment of any other facility from the Federal Bank Limited.”

Life insurance Related Products

Disclaimer

Disclaimer


  • 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 TATA AIA Life Insurance Company’s underwriting and acceptance.
  • 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. In case of Joint Life policy, both life insureds need to be major for the policy to vest on their lives.
  • 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 a Joint Life policy, the Secondary Life can be the spouse/ child/ parent/ grandparent/ grandchild/ parent-in-law or sibling of the Primary Life. Other relationships may be considered as long as there is an insurable interest between the lives, as defined within our Board-approved Underwriting Policy (BAUP).
  • 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.

The Federal Bank Limited is a Corporate Agent having registration number - Regn. No. CA0227. The service provided by The Federal Bank Limited is purely an agency service and is carried out strictly on a non-risk participation basis. The Federal Bank Limited, as corporate agent does not underwrite the risk or act as an insurer. Participation by the Federal Bank’s customers in the insurance product is purely on a voluntary basis and is not linked to the availment of any other facility from the Federal Bank Limited.