Savings Plan

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Savings Plan

Gives assurance of savings in two different ways, guaranteed and market related

Fortune Guarantee Plus

Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan Time never stands still and neither do our financial needs. As we move through various stages of life, our requirements and those of our families change consistently. Along with this we also carry the burden of any uncertainty happening. We do our best to take care of our family's needs and to ensure -financial security of our family from uncertainties of life. Life Insurance is the best way to protect our family from financial crisis in case of an unfortunate event and help your money to grow so you can achieve your dreams. The plan provides financial protection for your family and Guaranteed Regular Income that meets tomorrow's requirements, thus helping you plan towards your future needs and protection for your loved ones.

Key Features

• Flexibility to choose Plan Option:
- Regular Income or
- with an inbuilt Critical Illness benefit
• Flexibility to choose Income Period from 20 to 45 years
• Get return of premium at the end of Income Period
• Choice to receive Income – Monthly/Annually
• Option of Joint Life under Single Premium payment option
• Choice of Premium Payment Term • Enhance your protection with optional Riders
• Tax benefits as per applicable Tax Laws

Terms and Conditions

1. Free Look Period
2. Waiting Period
3. Policy Loan
4. Auto Vesting
5. Exclusion
6. Tax Benefits
7. Assignment
8. Nomination
9. Non-Disclosure and Misstatement
10. Advance Premium
11. Health Management Services

Guaranteed Return Insurance Plan

We, at Tata AIA Life, believe in protecting your dreams at various stages of life without compromising on your basic needs through financial resources. You do not have to think twice to live your dreams as they now come with guaranteed payouts. We present to you, Tata AIA Life Guaranteed Return Insurance Plan to meets tomorrow's requirements along with protecting your loved ones and dreams as it ensures you of guaranteed returns. This plan helps you fulfill your medium to long term goals such as Child’s Education/ Marriage or Retirement planning etc.

Key Features

• Flexibility to choose Plan Option: Endowment, Regular Income or Whole Life Income
• Receive Guaranteed benefits on Maturity or Death
• Guaranteed Additions that boost corpus year on year under Endowment Option
• Flexibility to cover your spouse in same policy under Whole Life Income Option
• Choice of Policy Term with limited Premium Payment Term
• Enhance your protection with optional Riders

Terms and Conditions

1. Free Look Period
2. Change in Basic Sum Assured
3. Policy Loan
4. Auto Vesting
5. Exclusion
6. Tax Benefits
7. Assignment
8. Nomination
9. Non-Disclosure and Misstatement
10. Advance Premium

Key benefits in details

• Option I - Endowment: On maturity of the policy a lump sum benefit equal to Guaranteed Maturity Benefit (GMB) along with the accrued Guaranteed Additions (GA) shall be payable at Maturity. Guaranteed Maturity Benefit (GMB) = GMB Factor * Total Premiums Payable Guaranteed Addition defined as a percentage of GMB shall accrued at a simple rate for each completed policy year, throughout the Policy Term and shall be payable on Maturity or Death whichever is earlier, subject to all due premiums being paid. GA shall accrue @ 5% of GMB. No GA shall accrue once the policy has been converted to a Reduced Paid-up policy.
• Option II - Regular Income: A Guaranteed Annual Income (GAI) defined as a percentage of one Annualised Premiums shall commence from the end of the year following maturity for a defined Income Period, provided the policy is in force.
• Option III - Whole Life Income: : A Guaranteed Annual Income (GAI) defined as a percentage of Total Premiums Paid shall commence from the end of the year following maturity and shall be payable until the death of the Insured in case of single life or until the second death in case of joint life.