Tata AIA Life Insurance Fortune Guarantee Pension Plan

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Tata AIA Life Insurance Fortune Guarantee Pension Plan

Secure your retirement with Tata AIA Fortune Guarantee Pension Plan – guaranteed lifelong income, flexible options, and financial peace of mind.

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Details for Tata AIA Life Insurance Fortune Guarantee Pension Plan

Tata AIA Fortune Guarantee Pension Plan offers a secure post-retirement life with guaranteed lifelong income. Enjoy flexible annuity options, joint life coverage, and the assurance of financial stability. Ideal for those seeking predictable returns and peace of mind during their golden years.

Sum Assured

Not available

Age

Entry Age: 30 to 85 Years

Premium Payment Term (Mode)

Not available

Age

  • Entry Age: 30 to 85 Years

Policy Tenure

  • 5 to 12 Years

Additional Benefits

  • Get lifelong guaranteed income
  • Cover your spouse too under the same plan
  • TATA AIA Fortune Guarantee Pension
  • Choice on Annuity options: You can choose from varied and flexible options like immediate annuity, deferred annuity, options with return of purchase price and Single Life, or Joint Life.
  • Death Benefit: In case of your untimely demise during the policy term, the death benefit is paid out to the nominee in case of the annuitants’ death in Single Life option or on the second annuitant’s death in the Joint Life option.
  • Guaranteed Additions: The Guaranteed Additions are accumulated at the end of every policy month during the Deferment Period of Plan option 3 and 4, provided all due premiums are paid. They become part of the death benefit. These additions cannot accrue if the policy lapses or becomes a Reduced Paid-Up policy.
  • Loan against policy: The annuitant can get a loan on the policy, six months after the policy’s commencement but not on Immediate Life Annuity. Under Joint Life, the primary annuitant can take a loan which the secondary annuitant can avail in case of the primary annuitant’s death.
  • Annuity Booster: The annuitant gets an additional annuity benefit payout applicable under a non-single pay annuity option to reward persisting policyholders over and above the base annuity amount. The Annuity Booster shall be based upon the number of premiums paid (in completed years). The total annuity payment shall comprise of base annuity plus applicable annuity booster.
  • Get Tax Benefits: You can avail tax benefits as per applicable income tax laws. These benefits are subject to the policy terms and conditions.