Non Linked Non Participating Endowment Assurance plan
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 prepare yourself to face the same.
In this endeavour, 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.
|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)||65/66/67 years|
|Policy Term||10/11/12 yrs|
|Premium Payment Term||5 yrs|
|Premium Mode||Annual/Semi-annual/Quarterly/Monthly 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%).
|Min Annualised Premium||Rs. 50,000 (Premium will be allowed in multiple of Rs. 100)|
|Max Annualised Premium||Unlimited, subject to underwriting|
|Sum Assured Provisions:|
|Basic Sum Assured||10 times annualized 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.
Tata AIA Life Insurance Company Ltd.(IRDA of India Regn. No.110) CIN No. 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 firstname.lastname@example.org. Visit us at: www.tataaia.com or SMS 'LIFE’ to 58888. L&C/Advt/2018/Mar/131
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