Tata AIA Life Insurance Fortune Guarantee

At a Glance

Tata AIA Life Insurance Fortune Guarantee - A Non-Linked, Non-Participating, Individual Life Insurance Savings Plan that offers lump sum guaranteed returns* on maturity of your invested premium to fulfill your future goals along with the life insurance cover throughout the policy term for the financial security of your loved ones.

Key Features

• Guaranteed* lump sum benefit on maturity.
• Life cover to protect your loved ones.
• Flexible policy term & premium paying term.
• Higher benefits for female lives.
• Tax benefits may be available of the Income-Tax Act, 1961^

Key Benefits

Death Benefit:

In case of death of the Life Assured during the Policy Term, provided the policy is in force, the Sum Assured on Death as defined below shall be payable.

The ‘Sum Assured on Death’ shall be the highest of the following

• Basic Sum Assured
• 105% of the Total Premiums Paid up to the date of death
• Maturity Sum Assured

Where,

“Basic Sum Assured” is 10 times of the Annualized Premium.

“Annualized Premium” shall be the premium amount payable in a year chosen by the policy holder, excluding the taxes, rider premiums underwriting extra premiums and loading for modal premiums, if any.

“Total Premiums Paid" means total of all the premiums received excluding any extra premiums, any rider premiums and taxes.

“Maturity Sum Assured” refers to the absolute amount of benefit which is guaranteed to become payable on maturity of the policy.

Maturity Benefits:

Maturity Sum Assured will be paid on maturity. The “Maturity Sum Assured" is equal to maturity benefit factor multiplied by Total Premiums Paid, where maturity benefit factor varies as per the policy term, premium paying term, gender, annualized premium band & entry age.

Eligibility

Issue age^#

Minimum: 18 years less Policy Term or 0 years (30 days), whichever is higher

Maximum: 80 years less Policy Term or 65 years, whichever is lower

Maximum Maturity Age

75 years for Policy Term 10 years

76 years for Policy Term 11 years

77 years for Policy Term 12 years

78 years for Policy Term 13 years

79 years for Policy Term 14 years

80 years for Policy Term 15 to 40 years

Policy Term

10 years to 40 years

Premium Payment Term

5 years to 20  years

Payment Mode

Annual/ Half-yearly/ Quarterly/ Monthly

Basic Sum Assured

10 times Annualized Premium

“Annualized Premium” shall be the premium amount payable in a year chosen by the policy holder, excluding the taxes, rider premiums underwriting extra premiums and loading for modal premiums, if any.

Minimum Premium

Minimum: Rs.24,000 per annum

Maximum Premium

No Limit, subject to underwriting

#All reference to age is as on last birthday.

Disclaimer

• *Guaranteed Maturity Benefit is "Maturity Sum Assured" which is equal to maturity Benefit factor multiplied by Total Premiums Paid, where maturity Benefit factor varies as per the gender, annualized premium band, premium paying term, policy term & entry age.
• ^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 implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefit available to you.
• 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 total premium paid.
• 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.
• In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
• Risk cover commences along with policy commencement for all lives, including minor lives. For more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale.
• UIN: 110N120V09

Tata AIA Life Insurance Company Limited (IRDAI 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 (local charges apply) or write to us at [email protected]. Visit us at: www.tataaia.com

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Tata AIA Life Insurance Company Limited. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Insurance product is underwritten by Tata AIA Life Insurance Company Limited. 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. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank. ISNP registration valid.

The contents and product information of this web site are given strictly for your convenience and is indicative in nature and ‘as is’ received from the Insurer. Nothing contained herein is to be construed as advice, recommendation, offer for a policy or any other assistance. Bank does not guarantee that this website reflects latest amendments/ information at all times or at any time. Bank shall have no liability to the customer for any loss or damage of any kind incurred for reliance on the content and product information available on this website

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.

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 / 1-860-267-1234 or our overseas customer service number 91-44-66854555 or write to us at [email protected]. Visit us at: www.dbs.com/in

L&C/Advt/2022/Feb/0398

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS / 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.

How to Apply