Personal Banking

You have always aspired for the best in life. So should be your financial planning to provide you with the best.


  • Pay premiums once or for a limited period and get Insurance protection for your entire life
  • Flexibility to choose from 6 Fund options for enhanced investment opportunities

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Overview

Tata AIA Life Insurance Fortune Maxima

Non Participating Unit Linked Whole of Life Plan

UIN: 110L113V02

IN THIS POLICY, THE INVESTMENT RISK IN INVESTMENT PORTFOLIO IS BORNE BY THE POLICYHOLDER

THE LINKED INSURANCE PRODUCTS DO NOT OFFER ANY LIQUIDITY DURING THE FIRST FIVE YEARS OF THE CONTRACT. THE POLICY HOLDER WILL NOT BE ABLE TO SURRENDER/ WITHDRAW THE MONIES INVESTED IN LINKED INSURANCE PRODUCTS COMPLETELY OR PARTIALLY TILL THE END OF THE FIFTH YEAR.

Ensuring financial security of your near and dear ones is one of the primary objectives of life. Tata AIA Life Insurance Fortune Maxima, a Non-Participating Unit Linked Whole of Life Plan that allows you to fulfil this critical life need with a greater degree of efficiency.

This plan allows you to maximize your whole life protection corpus with the power of market driven growth. Investment in this plan can help you fulfil your medium to long term goals such as children's education, retirement planning and creating legacy for future generations.

Tata AIA Life Insurance Fortune Maxima, protecting your dreams over a life time.

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Features

Tata AIA Life Insurance Fortune Maxima Features

  • Pay premiums once or for a limited period and get Insurance protection for your entire life
  • Regular Loyalty Additions are credited to the policy to boost your investments
  • Flexibility to choose from 11 Fund options for enhanced investment opportunities
  • Option to customize your plan with three additional Unit Deducting Riders*
  • Choice of Enhanced Systematic Money Allocation & Regular Transfer Investment Portfolio Strategy
  • Top-up facility to further augment your portfolio
  • Flexibility of Partial Withdrawals after five policy years to meet your financial needs
  • Tax benefits u/s 80C and 10 (10D) of the Income Tax Act, 1961^

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Eligibility

Tata AIA Life Insurance Wealth Maxima Eligibility

Minimum Issue Age (Age last birthday) 0 years (30 days)
Maximum Issue Age (Age last birthday) 60 years
Maximum Maturity Age 100 years
Policy Term 100 minus Issue age
Premium Paying Term Single Pay
Limited Pay – 7/8/9/10/15 and 20 years
Pay Mode Single, Annual, Semi-Annual, Quarterly, Monthly
Minimum Premium1 Single Pay – Rs. 5,00,000
Limited Pay – Rs. 2,50,000 per annum
Maximum Premium1 No Limit
Minimum/Maximum Basic Sum Assured2 For Single Pay
1.25 times the Single Premium
For Limited Pay
Higher of (10* AP) OR (0.5*Policy Term * AP) AP is Annualised Premium selected by the policyholder at the inception of the policy, excluding applicable taxes, cesses and levies or any other extra premium. (For the purpose of Basic Sum Assured, Policy Term = 70 minus Issue age)

 

1 Increase or decrease in Premium is not allowed under this plan. If Premium is the starting point, Premium should be chosen to be a multiple of Rs.1000.

2 Increase or decrease in Basic Sum Assured is not allowed under this plan. If Basic Sum Assured is the starting point, Basic Sum Assured should be next higher multiple of Rs.1000.

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Disclaimer

  • This product is underwritten by Tata AIA Life Insurance Company Limited.
  • For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
  • ^Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Tata AIA Life Insurance Company Ltd does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefit available to you.
  • Insurance cover is available under this product. This plan is not a guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance. In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines.
  • “All Premiums, Charges , and interest payable under the policy are exclusive of  applicable  taxes, duties, surcharge, cesses or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium, charges or interest. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy”. We Tata AIA Life Insurance Company Limited have has the right to deduct the amount from the benefits payable by Us under the Policy.
  • Investments are subject to market risks.
  • Unit Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company.
  • Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Life Insurance Fortune Maxima is only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
  • The various funds offered under this contract are the names of the funds and do not in any way indicate the quality of these plans, their future prospects and returns. The underlying Funds NAV will be affected by interest rates and the performance of the underlying stocks. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document issued by the insurance company.
  • The performance of the managed portfolios and funds is not guaranteed and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.
  • Past performance is not indicative of future performance.
  • Tata AIA Life Insurance Waiver of Premium (Linked) Rider (UIN: 110A026V01), Tata AIA Life Insurance Waiver of Premium Plus (Linked) Rider (UIN: 110A025V01), Tata AIA Life Insurance Accidental Death and Dismemberment Rider (Long Scale) (ADDL) Linked Rider (UIN: 110A027V01) are available under this product. *Riders are not mandatory and are available for a nominal extra cost. For more details on benefits, premiums and exclusions under the Rider(s), please contact Tata AIA Life's Insurance Advisor/ Branch
  • The Premium paid in the Unit Linked Life Insurance Policies are subject to investment risks associated with capital markets and the NAVs of the units may go up or down based on the performance of fund and factors influencing the capital market and the Insured is responsible for his/her decisions. L&C/Advt/2018/Feb/122
  • Buying a Life Insurance policy is a long-term commitment. An early termination of the policy usually involves high costs and the surrender value payable may be less than the total premium paid.
  • This is not a contract of Insurance. The precise terms and condition of this plan are specified in the policy contract.

Tata AIA Life Insurance Company Ltd. (IRDA of India Regn. No.110) CIN No. U66010MH2000PLC128403 Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai – 400013. Trade logo displayed above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Company Ltd under a license. For any information including cancellation, claims and complaints, please contact our Insurance Advisor / Intermediary or visit Tata AIA Life’s nearest branch office or call 1-860-266-9966 (local charges apply) or write to us at customercare@tataaia.com. Visit us at: www.tataaia.com or SMS 'LIFE’ to 58888.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS/FRAUDULENT OFFERS

IRDA of India clarifies to public that

  • IRDA of India or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums.
  • IRDA of India does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.

 

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