Tata AIA Fortune Guarantee Plus is a non-linked, non-participating individual life insurance savings plan that combines life insurance coverage with a guaranteed regular income. It is designed to provide financial stability for you and your family by fulfilling your long-term financial goals through a steady income stream and protection.

Key Features:

• Offers two plan options: Regular Income and Regular Income with an inbuilt Critical Illness benefit.

• Eligibility: Entry age ranges from 1 to 60 years depending on the option; maturity age up to 77 years.

• Provides life cover throughout the policy term with a lump sum death benefit paid to the nominee based on the highest of sum assured, certain multiples of premium, or total premiums paid.

• Guaranteed Annual Income starts after the premium payment term and continues for the income payout period you select (20 to 45 years).

• Returns your total premiums at the end of the income term.

• Flexible premium payment options: single, regular, limited pay with modes of monthly, quarterly, half-yearly, or annual.

• Option for joint-life coverage under single premium.

• Loan facility up to 80% of the surrender value.

• Optional riders for enhanced health and protection benefits.

• Tax benefits under Section 80C and maturity benefits tax-free under Section 10(10D).

• Free look period of 15 to 30 days for policy cancellation with full refund.

• Grace period of 15 to 30 days for premium payments.

• Financial protection includes return of premiums, maturity benefit, surrender value, and critical illness cover (if opted).

Example: A customer paying ₹1 lakh annually for 10 years can receive a guaranteed annual income for up to 25 years starting from the 11th year, along with the return of premium sum at maturity.

Exclusions include deaths due to risky activities, civil conflicts, unlawful activities, and suicide within 12 months of policy start.

This savings plan is ideal for individuals seeking life insurance cover with guaranteed income and wealth accumulation for future needs like education, retirement, or financial security