HSL Mobile App Tata AIA Life Insurance Fortune Pro
Tata AIA Life Insurance Fortune Pro is a Unit Linked Endowment Insurance plan that makes your money grow steadily over time and also provides protection to your loved ones. This plan offers you flexibility to invest in equity or debt funds as per your risk appetite which allows you to plan your financial needs such as children’s education, retirement planning and wealth creation. With Tata AIA Life Insurance Fortune Pro, let your money work smartly as you do.
UIN:110L112V02
Key Features
Features
- Growth of corpus through market linked returns
- 11 Fund options for enhanced investment opportunities
- Regular Loyalty Additions to boost investments
- Choice of investment strategy to suit your needs
- Flexible premium payment options
- Life Cover to protect your loved ones
- Enhance your protection with optional riders
Benefits
| Maturity Benefit | On survival to the end of the policy term, you will receive the Total Fund Value as per applicable NAV on the date of Maturity. |
| Death Benefit | In case of the Life Assured’s unfortunate demise during the Policy term, provided all due premiums have been paid, the nominee will be paid the highest of: |
| · Basic Sum Assured less Partial withdrawals made(if any) | |
| · Fund value | |
| · 105% of total premiums paid till the date of death | |
| · 10 times of the annualised premium less Partial withdrawals made(if any) | |
| Loyalty Additions | Loyalty Additions as outlined below will be added to your premium account during the policy term if the policy is in force and all due premiums till date have been paid. Loyalty Additions are not applicable on Top-up Premium Account. |
| For Single Pay: Loyalty Additions of 0.35% of the units are credited to the fund every year starting from the 6th Policy Anniversary till the end of the Policy Term. | |
| For Limited Pay: Loyalty Additions of 0.20% of the units are credited to the fund every year starting from the 11th Policy Anniversary till the end of the Policy Term. |
Eligibility
| Parameters | Minimum | Maximum | ||
| Issue Age | 0 years (30 days) | 59 years | ||
| Maturity Age | 18 years | 75 years | ||
| Premium1 | Single Pay | Rs. 1,00,000 | Rs. 5,00,000 | |
| Regular / Limited Pay | Rs. 50,000 p.a. | Rs. 5,00,000 p.a. | ||
| Basic Sum Assured2 | Single Pay | 1.25 times the Single Premium | 1.25 times the Single Premium | |
| Regular / Limited Pay | Higher of (10* AP) OR (0.5*Policy Term * AP) | Entry Age | Maximum Multiple# of AP^ | |
| 0 to 29 | 30 | |||
| 30 to 35 | 20 | |||
| 36 to 45 | Higher of (Policy Term/2 or 15) | |||
| 46 to 59 | Higher of (Policy Term/2 or 10) | |||
| Policy Term | 15 to 40 years | |||
| Premium Payment Term | Single Pay | |||
| Limited Pay – 5, 7 and 10 years | ||||
| Regular /Limited Pay – 15 and 20 years | ||||
| Pay Mode |
Single, Annual, Semi-Annual, Quarterly, Monthly |
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*Age as on last birthday 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 by changing the premium multiple is allowed subject to Underwriting and limit set by the company. 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 and levies or any other extra premium. |
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Disclaimer
This product is underwritten by Tata AIA Life Insurance Company Limited. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. All applicable taxes, duties, surcharge, cesses or levies, as may be imposed by Government, any statutory or administrative authority from time to time, on the premiums payable and benefits secured under Policy, shall be borne and paid by the Policyholder. ^Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. 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.
*The Premium paid in the Unit Linked Life Insurance Policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the Insured is responsible for his/her decisions. Investments are subject to market risks. Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company. The performance of the managed portfolios and funds is not guaranteed and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds. Past performance is not indicative of future performance. Tata AIA Life Insurance Company Ltd. is only the name of the Insurance Company and Tata AIA Life Insurance Fortune Pro is only the name of the Unit Linked Life Insurance Contract and does not in any way indicate the quality of the contract, its future prospects or returns. The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. The underlying Fund's NAV will be affected by interest rates and the performance of the underlying stocks. Insurance cover is available under this product.
Tata AIA Life Insurance Waiver of Premium (Linked) Rider (UIN: 110A026V01); Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider (UIN: 110A025V01); Tata AIA Life Insurance Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider (UIN: 110A027V01) are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider(s), please contact Tata AIA Life's Insurance Advisor/ Intermediary/ Branch.
UIN: 110L112V02
HDFC Securities Limited (IRDAI Registration No: CA 0062) is the Corporate Agent of Tata AIA Life Insurance Company Limited and does not underwrite the risk or act as an insurer. HDFC Securities Limited, has its registered office at Office Floor 8, “I THINK” Building, Jolly Board Campus, Kanjurmarg (East), Mumbai - 400042. Participation by the distributor’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 HDFC Securities and the Insured. Trade logo displayed above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Ltd under a license. 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 HDFC Bank and the Insured. 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 or SMS 'LIFE’ to 58888. L&C/Advt/2018/Mar/174
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
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Beware of Spurious Phone calls and Fictitious/Fraudulent offers: |
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