Unit Linked Insurance Plans
Unit Linked Insurance Plan
IN UNIT LINKED POLICIES, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER. THE 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 Fortune Maxima allows you to maximize your whole life protection corpus with the power of market driven growth.
Ensuring financial security of your near and dear ones is one of the primary objectives of life. Tata AIA Life Insurance Fortune Maxima, allows you to fulfill this critical life need with a greater degree of efficiency. This plan allows you to maximize your whole life protection corpus with the power of market driven growth. Investment in this plan can help you fulfill your medium to long term goals such as children’s education, retirement planning and creating legacy for future generations.
In case of death of the life insured during the policy term and while the policy is in force, the Nominee/legal heir will get, Highest of:
In addition to this: Highest of:
is also payable provided the Policyholder has a Top-up Premium Fund Value. Deductible Partial Withdrawals are not applicable in case of Top-Up Sum Assured.
* Net of all “Deductible Partial Withdrawals”, if any, from the Regular/Single Premium Fund Value
For purpose of determining the Death Benefit, the Deductible Partial Withdrawals mentioned above shall mean the Partial withdrawals made, (i) during the last two years immediately preceding the date of death of the Insured, if the age of the Insured at death is less than 60 years of Age; or (ii) after Insured attaining the age of 58 years, if the age of the Insured at death is greater than or equal to 60 years, as the case may be.
On survival to the end of the policy term, you will receive the Total Fund Value valued at applicable NAV on the date of maturity.
As a reward for your loyalty, additional units at the rate of 0.20% of the units in each of the funds under the Regular Premium Account, 0.35% of units in each of the funds under the Single Premium Account, will be credited (post deduction of applicable charges) to the respective funds every policy anniversary starting from eleventh (11th)/ (6th) Policy Anniversary respectively till the end of the policy term. The Loyalty Additions will be credited only if the policy is in force and all due premiums till date have been paid. Loyalty Additions are not payable on Top-up Premium Account.
|(Age last birthday)||0 years (30 days) – 60 years|
|Maximum Maturity Age||100 years|
|Policy Term||100 minus Issue age|
|Premium Paying Term||Single Pay |
Limited Pay – 7/8/9/10/15 and 20 years
|Pay Mode||Single, Annual, Semi-Annual, Quarterly, Monthly|
|Minimum/Maximum Premium1||Minimum – Single Pay – Rs. 1,00,000, Limited Pay – Rs. 50,000 p.a. |
Maximum – Single Pay – Rs. 5,00,000, Limited Pay – Rs. 5,00,000 p.a.
|Minimum/Maximum Basic Sum Assured2||Single Pay – 1.25 times the Single Premium |
Limited Pay – Higher of (10* AP) OR (0.5*Policy Term * AP )
(For the purpose of Basic Sum Assured, Policy Term = 70 minus Issue age)
1Increase 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 Rs. 1000.
2Increase or decrease in Basic Sum Assured is not allowed under this plan. If Basic Sum Assured is the starting point, Basic Sum Assured should be next higher multiple of Rs. 1000. AP is Annualised Premium selected by the policyholder at the inception of the policy, excluding applicable taxes, cesses, levies or any other extra premium.
The charges under this plan are Premium Allocation Charge, Fund Management Charge, Policy Administration Charge, Fund Switching Charge, Discontinuance Charge & Mortality Charge. For more details on charges please refer the sales brochure.
For any information including cancellation, claims and complaints, please contact our Insurance advisor or visit Tata AIA Life’s nearest branch office or call 1-860-266-9966 (local charges apply) or write to us at firstname.lastname@example.org. Visit us at: www.tataaia.com or SMS 'LIFE’ to 58888.
Tata AIA Life Insurance Company Limited (IRDA of India Regn. No.110) CIN – U66010MH2000PLC128403
Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400013
DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the Registered office at GF: Nos. 11 & 12 & FF - Nos.110 to 115, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Composite Corporate Agent of Tata AIA Life Insurance Company Limited (IRDA of India Regn. No.110) CIN: U66010MH2000PLC128403 having the Registered office/principal place of business at 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Aditya Birla Sun Life Insurance Company Limited (IRDA of India Regn.No.109) CIN: U99999MH2000PLC128110 having the Registered office address at One India bulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013, Royal Sundaram General Insurance Company Limited (IRDA of India Regn.No.102) CIN: U67200TN2000PLC045611 having the Registered office address at No.21, Patullos Road, Chennai - 600002 and Bharti Axa General Insurance Company Ltd. having the Registered office address at First Floor Hosto Centre, No. 43, Millers Road, Vasanth Nagar, Bangalore - 560052. ISNP Registration valid.
DBS Bank India Limited does not underwrite the risk or act as an insurer. The Insurance products are offered and underwritten by respective insurance companies. The contract of insurance is between the insurer and the insured and not between the bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Customers are advised to take independent professional advice before participating. Insurance is a subject matter of solicitation.
For more details on risk factors, terms and conditions, exclusions, please read sales brochure of insurer and policy terms and conditions carefully before concluding a sale. Tax benefits are available as per the prevailing tax laws, which are subject to change. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis.
For any information including cancellation, claims and complaints, please contact our Treasures Relationship Manager or visit DBS Bank India’s nearest branch office or Contact our 24-hour toll free customer service helpline number 1-800-209-4555 / 1-800-103-9897 or our overseas customer service number 91-44-66854555 or write to us at email@example.com. Visit us at: www.dbs.com/in