Fortune Guarantee Plus

Tata AIA Life Insurance

Claim settlement ratio – 98.53% (FY 2022-23)

Critical Illness Benefit Available

Tax Benefit Amount 4 hours express claim

Accidental Death Benefit 100%

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Overview of Fortune Guarantee Plus

TATA AIA Fortune Guarantee Plus is a savings plan offering assured security in manifold ways. This is a non-linked and non-participating individual life insurance savings plan from TATA AIA which allows assured income, coverage against 40 critical diseases, the option to avail return of premiums paid and tax benefit redemption among others. You just need to choose a few basic things like the term of premium payment, the term of receiving income, as well as the mode of payment and you can secure your life and the life of your dear ones the way you want.

USP Features of TATA AIA Fortune Guarantee Plus

  • The plan allows greater flexibility with options to choose between regular income plan or regular income with an in-built critical illness coverage benefit
  • It also offers the freedom to choose from wide range of added riders to enhance the protective coverage
  • Further, it allows the insured to choose joint life policy with the single payment of premium option
  • In addition, the plan also offers the choice of premium payment options including single premium, regular premium and limited premium
  • It also allows a return of premium at the end of income period and an enhanced health protection against 40 critical diseases

What’s Not Covered under Tata AIA Fortune Guarantee Plus?

  • Like most other life insurance savings plan, the TATA AIA Fortune Guarantee Plus doesn’t cover suicide
  • Thus, if the insured commits suicide within a year of buying the plan or from the date of revival of the plan, the nominee would be entitled to receive 80% of the total premiums paid till the death of the insured. Alternatively, the nominee may receive the surrender value of the policy if it is higher than the total premiums paid
  • Once the payment is given to the nominee, the policy will be terminated and no further benefits will be paid to the family of the insured
  • However, if the policy is a joint one and if any of the two life insured individuals commits suicide, the same provision will apply as above
Frequently asked questions

This is a non-linked and non-participating individual life insurance savings plan. The policy offers assured income, coverage against 40 critical diseases, and the option to avail return of premiums paid among others.

Yes, buying a savings policy online is safe as it ensures the safety of your personal and financial details and can be easily done via the official website of the insurer.

Yes, there are many offers available for the Tata group employees across different verticals including discounts on premium, express claim4 service and many other lucrative deals.

Here are some benefits of the plan:

  • The plan allows the insured to choose a flexible tenure with guaranteed returns along with comprehensive coverage
  • You have the option to choose any plan option to receive regular income or steady income with the added benefit of inbuilt critical illness coverage
  • The insured can also seek for a Joint Life policy and secure his/her partner within the same plan
  • The plan allows the insured to choose added riders to enhance policy coverage for a nominal cost
  • You can also get income tax benefits as applicable

Under the Tata AIA Fortune Guarantee Plus policy, one can enjoy the exclusive Express Claim4 Service facility to get claim settlement done within just 4 hours.

* Tax benefits are subject to changes in tax laws.
#All savings are provided by the insurance company as per the IRDAI approved insurance plan. Standard T&C apply.