Tata AIA Fortune Guarantee Plus Plans & Benefits | PolicyX
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Fortune Guarantee Plus

Tata AIA Fortune Guarantee Plus is an individual non-linked life insur ...Read More

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📊 100 years solvency ratio
Minimum Age - 0 year% claim settlement ratio
🌐 Yearly, half-yearly+ pan-India

About Fortune Guarantee Plus

A quick read on what this Tata AIA Investment Plans term plan covers and why it might be a fit for you.

Tata AIA Fortune Guarantee Plus by Tata AIA Life Insurance is an individual non-linked life insurance savings plan. It is designed to provide the dual benefits of financial security and guaranteed returns. This plan offers flexible premium payment options and a range of policy terms, starting from 5 to 17 years, allowing you to customize the plan to fulfill your unique needs.

Tata Fortune Guarantee Plus offers two different plan options, giving you the flexibility to choose between regular income or regular income with built-in critical illness benefits. In short, Tata AIA Fortune Guarantee Plus is ideal for individuals looking to secure their family's future while enjoying the peace of mind that comes with guaranteed returns.

Tata AIA Fortune Guarantee Plus Plan offers you a range of benefits including:

  • Flexibility to choose an income period
  • Get a return of premium at the end of the income period
  • Choice to receive income – monthly or yearly
  • Cash bonuses
  • Option of joint life cover

Eligibility Criteria for Fortune Guarantee Plus

Entry age
Entry age
Minimum Age: 1 year, Maximum Age: 60 years
Maturity age
Maturity age
77 years
Policy term
Policy term
Minimum: 5 years, Maximum: 17 years
Sum assured
Sum assured
1 to 12 years
Policy loan
Policy loan
Annual, half-yearly, quarterly & monthly
Payment Modes
Payment Modes
No limit

Pros & cons

A quick honest summary — the strengths and the trade-offs.

Pros

  • Guaranteed annual income
  • Joint life option
  • 2% online discount for women

Cons

  • Death due to any aviation accident; Death due to adventurous sports; Suicidal death

Who can buy this plan

Eligibility criteria pulled straight from the policy wording.

Entry Age: Minimum 1 year, Maximum 60 years. Maturity Age: 77 years.

How Does the Tata AIA Fortune Guarantee Plus Plan Work?

Let's understand how the Tata AIA Fortune Guarantee Plus Plan works with a simple premium illustration.

Problem

Mrs. Verma is looking for an investment plan to create long-term wealth for her child.

Solution

Her financial advisor advised her to buy the Tata AIA Fortune Guarantee Plus Plan. She visited PolicyX.com

Benefits of Fortune Guarantee Plus

There are various benefits to buying the Tata AIA Fortune Guarantee Plus Plan. Let’s understand each of them in detail:

  • Death Benefit: Upon the unfortunate demise of the life insured during the policy term, Tata AIA Fortune Guarantee Plus will pay the death benefits.
  • Maturity benefit: Tata AIA Fortune Guarantee plan offers both guaranteed annual income & return of premium benefit as a maturity benefit.
  • Tax Benefit: This plan also offers tax benefits under Section 80 C and Section 10 (10D) of the Income Tax Act.
  • Choice of Income: This plan offers the choice to receive income either monthly or annually.

Features of Fortune Guarantee Plus

Key features that make Fortune Guarantee Plus stand out.

Choice of Plan Option

It offers the flexibility to choose a plan option between regular income or regular income with a built-in critical illness benefit.

Choice of IncomePeriod

It offers flexibility in choosing an income period starting from 20 to 25 years.

Guaranteed PremiumReturn

You will receive a guaranteed premium return at the end of the income period

Choice of Riders

It provides an option to enhance your protection with additional riders.

Documents Required for Fortune Guarantee Plus

Keep these documents handy when applying for Fortune Guarantee Plus.

Documents Required to Buy Tata AIA Fortune Guarantee Plus Plan

Here is the list of documents required to buy the Tata AIA Fortune Guarantee Plus Plan:

Photo ID Proof

Passport, Aadhaar card, PAN card, Driving license.

Age Proof

Passport, Aadhaar card, PAN card, Driving license.

Address Proof

Utility bill, passport, voter ID, ration card.

Medical Records

Medical records of the policyholder if requested.

Income Proof

Bank statement, last three months' salary slips (if salaried).

Exclusions of the Tata AIA Fortune Guarantee Plus

Given below are some exclusions of the Tata AIA Fortune Guarantee Plus:

  • Suicide within 12 months of the policy purchase is not covered.
  • Consumption of any intoxicants.
  • Death due to any aviation accident.
  • Death due to any adventurous sports.

Other Features of Fortune Guarantee Plus

Here are the key features of the Fortune Guarantee Plus.

Plan At a Glance

What’s Good Here What’s Missing
Cash Bonuses Whole Life Cover
Joint Life Coverage No High Sum Assured Rebate
Return of Premium Large Premium Boost Discounts
Guaranteed Income Top-up premium

In a Nutshell

Tata AIA Fortune Guarantee Plus Plan, offered by Tata AIA Life Insurance, is a savings plan that provides dual benefits: life coverage and guaranteed returns. This plan offers two options to choose from: regular income and regular income with critical illness benefits.

If you are still confused about whether this plan is right for you, you can contact us at PolicyX.com. We offer No Spam, No Gimmicks, and Only Expert Guidance.

FAQs: Tata AIA Fortune Guarantee Plus

The 6 most-asked questions about Fortune Guarantee Plus, answered.

70 years
There are two plan options available in this plan: Regular income and regular income with built-in critical illness benefits.
You can save up to Rs. 2.5 Lacs of Tax under section 1010D of the Income Tax Act 1961.
Yes, you can withdraw your money once the premium paying term for Tata AIA is over.
There are two different income modes available: Monthly and yearly.
You can purchase the Tata AIA Life Insurance Fortune Guarantee Plus plan on policyx.com. It is one of India’s best platforms to compare and purchase term insurance.

Written and reviewed by

PolicyX content is researched in-house and reviewed by an IRDAI-certified insurance specialist before publication.

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