Tata AIA Fortune Guarantee Pension
Life Insurance Cover for financial security of your family
Get lifelong guaranteed$ income
Cover your spouse too under the same plan
Save taxes as much as Rs. 46,800+
$T&C apply
Key Points
Multiple Annuity Options
Immediate | Deferred
Return of Purchase Price%
Get income as per need
Monthly/Quarterly/Half Yearly/Annual
Joint Life Coverage
Option to cover spouse too under the same plan
Increase income by topping up premium
Get loan against the policy
Benefits of Tata AIA Fortune Guarantee Pension Plan – An Annuity Plan
Choice of 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 annuitant’s 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. *T&C apply
Loan against the 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.
Choose from multiple annuity options to suit your needs.
Avail higher annuity amount by choosing higher Purchase price/premium.
Choose to increase your annuity amount by paying top-up premiums.
Option to cover two lives where the secondary annuitant is entitled to receive the Annuity Payouts in case of unfortune death of the primary annuitant.
Immediate Life Annuity| Immediate Life Annuity with Return of Purchase Price| Deferred Life Annuity (GA-I) and with Return of Purchase Price| Deferred Life Annuity (GA-II) and with Return of Purchase Price.
You can avail tax benefits# as per applicable income tax laws. These benefits are subject to the policy terms and conditions.