At every stage of your life you decide on a milestone to achieve. They come in forms like renovation of your house, an overdue vacation, marriage, child birth, child’s education or securing the golden years; the list is endless and increases with time. Along with this you also carry the burden of uncertainty and preparedness to face the same.
In this endeavor, you would want a plan which provides you the guarantee of a fixed amount that would be received in the near future, besides required protection for your family.
We at Tata AIA Life have come up with an ideal plan, Tata AIA Life Insurance Fortune Guarantee which is a Limited premium paying Non Linked Non Participating Endowment Assurance plan that offers you benefits of a savings product and protection for your family in case something unfortunate were to happen. This plan offers you Guaranteed Maturity Benefit with a short premium paying term. You can also enhance your protection cover by opting for a Rider.
* Provided the policy is in force and all due premiums have been paid. Maturity Benefit depends on the entry age, gender and premium band
|Min Issue Age ( Age as on last birthday)||8 years|
|Max Issue Age ( Age as on last birthday)||55 yrs|
|Max Maturity Age ( Age as on last birthday)||65 years|
|Policy Term||10 years|
|Premium Payment Term||5 years|
|Basic Sum Assured||10 times Annualised Premium “Annualised Premium” shall be the premium paid in a year with respect to the basic sum assured chosen by the policy holder, excluding the underwriting extra premiums and loading for modal premiums, if any.|
|Min Annualised Premium||Rs. 50,000|
|Max Annualised Premium||No Limit, Subject to Underwriting|
You may choose to pay your premiums in Annual, Semi-annual, Quarterly or Monthly mode as per your convenience.
Modal loading is as follows:
|Annual Premium Rate||Multiply Annual Premium Rate by 1 (i.e. No loading).|
|Semi-Annual Premium Rate||Multiply Annual Premium Rate by 0.51 (i.e. loading of 2%).|
|Quarterly Premium Rate||Multiply Annual Premium Rate by 0.26 (i.e. loading of 4%).|
|Monthly Premium Rate||Multiply Annual Premium Rate by 0.0883 (i.e. loading of 6%).|
Increase / Decrease in Basic Sum Assured is not allowed.
INDUSIND Bank Limited (1749817)is the Corporate Agent of Tata AIA Life Insurance Company Limited and does not underwrite the risk or act as an insurer. INDUSIND Bank Limited, 2401, Gen. Thimmayya Rd., (Cantonment), Pune - 411001. Participation by the Bank’s clients in the insurance products is purely on a voluntary basis. The contract of insurance is between Tata AIA Life and the insured and not between the bank and the insured.
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