Fortune Guarantee Plus TATA AIA Life Insurance
Highlights of TATA AIA Life Insurance
Claim settlement Ratio - 99.01%
Tax Benefits - Available as per prevailing tax laws
Critical Illness Coverage - Available
Accidental death benefit - Available
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Pros & Cons Fortune Guarantee Plus by TATA AIA Life Insurance
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
Like most other life insurance savings plan, the Fortune Guarantee Plus doesn’t cover suicide
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
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
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TATA AIA Life
Insurance Company
Tata AIA Life Insurance Company is formed as a collaboration between two companies namely, Tata Sons Private Limited and AIA Group Limited. The company combines Tata Sons Pvt. Ltd.’s supremacy in India and AIA’s presence as one of the largest independent listed pan-Asian life insurance groups in the world, typically concerning 18 markets in the APAC region. Such a strong backup makes Tata AIA one of the leading insurers in the Indian private sector. Tata AIA Life Insurance Company dedicatedly serves its customers to the best of its abilities. The company focuses on creating diversified insurance plans for its varying customers. The type of plans ranges from term insurance to Unit Linked Insurance Plans and includes savings plans, retirement plans, as well as others.
Founded in
2001
Turnover (GWP)
INR 7,092 Crores
JV Partners
Tata Sons Pvt. Ltd. & AIA Group Ltd.
Claims Experience
% of Complaints received on overall claims customers unhappy with claims experience
Less
Claim Settlement Ratio (No. of claims) What % of the claims received were paid?
99.01%
Partner Bank Branches
400+
Benefits eTerm Kotak Life Insurance
| Key Benefits | |
| Pay as per Convenience |
Available |
| Income Frequency |
Monthly or annual income. |
| Options Available | |
| Joint Life Option |
Coverage for both spouses |
| Guaranteed Income |
Guaranteed tax-free income |
| Health cover against critical illnesses |
40 illnesses covered financially |
| Other Benefits | |
| Tax Savings |
Available |
| Optional Riders to Enhance Plan Coverage |
Available |
Top Health Insurance Plans by Fortune Guarantee Plus by TATA AIA
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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.