Tata AIA Life Insurance Fortune Pro Plan

The Tata AIA Life Insurance Fortune Pro Plan is an investment product offered by Tata AIA Life Insurance Company Limited. This plan is designed to provide financial protection and investment opportunities to policyholders. Policyholders can invest premiums in various funds, to grow their wealth. The plan provides flexibility in premium payments and additional benefits like riders for critical illness or accidental death.

4.8^~ Rated
7.7 Crore Registered Consumer
50 Partners Insurance Partners
4.2 Crore Policies Sold

ULIP Plans

Plan starting from ₹1,000/month
Save upto ₹46,800 in Tax under section 80C^{^}
Zero LTCG Tax^¶
In built life cover

Top performing plans with High Returns^**

Invest ₹10K/month & Get ₹1 Crore^# on Maturity

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We are rated^~

7.7 Crore

Registered Consumer

Insurance Partners

4.2 Crore

Policies Sold

Disclaimer: #The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CAGR 8%; ₹50,45,591 @ CAGR 4%. *Tax benefits and savings are subject to changes in tax laws. All plans listed here are of insurance companies’ funds.

Fund Name

AUM

NAV

Returns (in %)

3 Year

5 Year

10 Year

Virtue II

PNB Metlife

AUM:3,314 Cr

3,314 Cr

NAV

75.97

-0.30%

Returns

18.68%

Returns

25.83%

Highest Returns

Returns

16.48%

Get Details

Pure Equity

Birla Sun Life

AUM:2,845 Cr

2,845 Cr

NAV

77.4

-0.20%

Returns

17.56%

Returns

21.84%

Highest Returns

Returns

15.07%

Get Details

Large Cap Equity Fund

Tata AIA

AUM:2,694 Cr

2,694 Cr

NAV

73.45

-0.76%

Returns

18.45%

Returns

21.82%

Highest Returns

Returns

14.88%

Get Details

Frontline Equity Fund

Kotak Mahindra OM

AUM:4,097 Cr

4,097 Cr

NAV

71.42

-0.74%

Returns

19.39%

Returns

20.86%

Highest Returns

Returns

14.8%

Get Details

Grow Money Plus Fund

Bharti AXA

AUM:449 Cr

449 Cr

NAV

68.81

-0.16%

Returns

14.74%

Returns

18.58%

Highest Returns

Returns

14.12%

Get Details

Fund Name

AUM

NAV

Returns (in %)

3 Year

5 Year

10 Year

Whole Life Aggressive Growth Fund

Canara HSBC Oriental Bank

AUM:843 Cr

843 Cr

NAV

94.39

-0.70%

Returns

18.46%

Returns

19.93%

Highest Returns

Returns

14.91%

Get Details

Whole Life Stable Growth Fund

Canara HSBC Oriental Bank

AUM:268 Cr

268 Cr

NAV

62.47

-0.30%

Returns

13.78%

Returns

15.46%

Highest Returns

Returns

12.08%

Get Details

Balanced Fund

Canara HSBC Oriental Bank

AUM:365 Cr

365 Cr

NAV

48.01

-0.28%

Returns

12.75%

Returns

13.61%

Highest Returns

Returns

11.02%

Get Details

Balanced Pension

Canara HSBC Oriental Bank

AUM:559 Cr

559 Cr

NAV

71.06

-0.30%

Returns

10.22%

Returns

12.32%

Highest Returns

Returns

10.7%

Get Details

Asset Allocation Fund II

Canara HSBC Oriental Bank

AUM:323 Cr

323 Cr

NAV

31.58

-0.24%

Returns

11.26%

Returns

12.8%

Highest Returns

Returns

10.63%

Get Details

Fund Name

AUM

NAV

Returns (in %)

3 Year

5 Year

10 Year

Builder

Canara HSBC Oriental Bank

AUM:237 Cr

237 Cr

NAV

90.36

-0.35%

Returns

7.45%

Returns

8.21%

Returns

8.45%

Highest Returns

Get Details

Whole Life Income Fund

Canara HSBC Oriental Bank

AUM:811 Cr

811 Cr

NAV

38.64

-0.01%

Returns

6.16%

Returns

6.99%

Returns

7.84%

Highest Returns

Get Details

Debt Fund

Canara HSBC Oriental Bank

AUM:478 Cr

478 Cr

NAV

36.64

-0.02%

Returns

5.89%

Returns

7.02%

Returns

7.63%

Highest Returns

Get Details

Conservative Fund

Canara HSBC Oriental Bank

AUM:231 Cr

231 Cr

NAV

56.2

-0.10%

Returns

7.46%

Returns

8.1%

Highest Returns

Returns

7.56%

Get Details

Protector

Canara HSBC Oriental Bank

AUM:299 Cr

299 Cr

NAV

64.86

-0.16%

Returns

6.49%

Returns

7.03%

Returns

7.54%

Highest Returns

Get Details

Disclaimer :
†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

What is Tata AIA Life Insurance Fortune Pro Plan?

The Tata AIA Life Insurance Fortune Pro Plan is a Unit-Linked Insurance Plan (ULIP) that offers a combination of life insurance protection and investment potential. It is designed to help you achieve your long-term financial goals, such as retirement planning, child's education, or wealth creation.

What is the Eligibility Criteria for Tata AIA Life Insurance Fortune Pro Plan?

Criteria

Details

Minimum Issue Age

0 years (30 days)

Maximum Issue Age

65 years

Minimum Maturity Age

18 years

Maximum Maturity Age

80 years

Policy Term

6 to 40 years

Premium Paying Term

Single Pay
Limited Pay – 5 to 20 years
Regular Pay – 12 to 40 years

Pay Mode

Single, Annual, Semi-Annual,
Quarterly, Monthly

Minimum Premium

Single Pay – ₹25,000
Regular/Limited Pay – ₹12,000per annum

Maximum Premium

Single Pay – ₹5,00,000
Regular/Limited Pay – ₹5,00,000
per annum

Minimum Basic Sum Assured

For Single Pay –
1.25 times the Single Premium
For Regular / Limited Pay –
7 * AP

Maximum Basic Sum Assured

For Single Pay –

	Max Multiple of Single Premium
Entry Age / Policy Term	Up to 10	11 to 20	>20
< =35	10	5	1.25
36 to 40	7	5	1.25
41 to 45	5	1.25	1.25
> 45	1.25	1.25	1.25

For Regular / Limited Pay

Entry Age Band	Maximum Multiple of AP
0 to 29	30
30 to 35	20
36 to 45	Higher of the (Policy Term/ 2 or 15)
46 to 65	Higher of the (Policy Term/ 2 or 10)

What are the Features and Benefits of Tata AIA Life Insurance Fortune Pro Plan?

Here are the features and benefits of Tata AIA Life Insurance Fortune Pro Plan:

Flexible Premium Options: Choose terms and payment modes aligning with your financial goals.
Optional Riders: Enhance coverage with additional benefits for family protection and premium waiver.
Strategized Investment: Implement Enhanced SMART (Enhanced Systematic Money Allocation & Regular Transfer) portfolio strategy for structured growth in volatile markets.
Tax Benefits: Enjoy tax advantages as per prevailing income tax laws.
Affordable Investment: Start with just Rs 1000/month.
Regular Loyalty Additions: Boost investments over time.
Diverse Fund Options: Choose from a range of funds for enhanced opportunities.

How Does Tata AIA Life Insurance Fortune Pro Plan Work?

The Tata AIA Life Insurance Fortune Pro Plan offers a simple process, this is how the plan works:

Step 1: Select Sum Assured: Choose the sum assured based on your premium payment mode - Single Pay, Regular Pay, or Limited Pay.

Step 2: Choose Policy Term and Premium Payment Term: Policy terms range from 6 to 40 years, while premium payment terms vary from Single Pay to Limited Pay (5 to 20 years) to Regular Pay (12 to 40 years).

Step 3: Complete Online Purchase: Use digital payment channels to pay premiums and finalize the purchase online.

Riders Under Tata AIA Life Insurance Fortune Pro Plan

Tata AIA Accidental Death and Dismemberment (Long Scale) (ADDL) Linked Rider

Linked, Individual, Health Insurance Rider (UIN: 110A027V02 or later)
Tata AIA Waiver of Premium (Linked) Rider

Linked, Individual, Health Insurance Rider (UIN: 110A026V02 or later)
Tata AIA Waiver of Premium Plus (Linked) Rider

A Non-Linked, Non-Participating, Individual Health Insurance, Premium Paying Rider (UIN: 110B029V02 or later)
Tata AIA Vitality Protect Plus

A Non-Linked, Non- Participating Individual Health rider (UIN: 110A048V03 or any later version)
Tata AIA Vitality Health Plus

A Non-Linked, Non- Participating Individual Health rider (UIN: 110A047V02 or any later version)
Tata AIA Life Insurance Linked Comprehensive Health Rider

A Non-Linked, Non- Participating Individual Health rider (UIN: 110A031V03 or any later version)
Tata AIA Life Insurance Linked Comprehensive Protection Rider

A Non-Linked, Non- Participating Individual Health rider (UIN: 110A032V03 or any later version)

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Exclusion Under Tata AIA Life Insurance Fortune Pro Plan

In the unfortunate event of death by suicide within 12 months from the policy's commencement or revival date, the nominee or beneficiary shall receive the fund value/policy account value as of the date of death notification. Any charges, except Fund Management charges, incurred after the date of death will be reimbursed to the nominee or beneficiary along with the death benefit.

Additional Plan Details of Tata AIA Life Insurance Fortune Pro Plan

Free Look Period: You have the option to cancel the policy within 15 days (extended to 30 days for distance marketing) of receiving it, provided you state objections or reasons in writing. Upon cancellation, you'll receive the non-allocated premium, charges, fund value, minus applicable deductions like risk premium and stamp duty.
Grace Period: A grace period of 30 days (15 days for monthly mode) is provided for unpaid premiums, during which the policy remains in force with the risk cover intact.
Backdating: Backdating is not permitted under this plan.
Policy Loan: Policy loan facility is not available.
Juvenile Policy: If the policy is issued for a minor, it automatically vests in the life insured upon reaching the age of majority.
Exclusions: Death by suicide within 12 months from policy commencement or revival results in the nominee receiving fund value. Rider benefits have separate exclusion clauses.
Tax Benefits: Tax benefits are available as per prevailing tax laws, subject to conditions. Tax laws may change, and consult with a tax consultant for accurate information.
Assignment and Nomination: Allowed as per provisions of the Insurance Act 1938.

Frequently Asked Questions

What is the Tata AIA Life Insurance Fortune Pro Plan?

It's a ULIP combining life cover with potential market-linked returns and investment flexibility.
What are the investment options?

Choose from 6 funds (equity, debt, balanced) based on your risk tolerance.
Can I withdraw money under Tata AIA Life Insurance Fortune Pro Plan ?

Partial withdrawals allowed after 5 years, subject to policy terms and conditions.
Are there additional benefits?

Optional riders like accidental death and premium waiver are available.
What are the charges under this plan?

Policy charges include premium allocation charges, fund management fees, etc. Check the plan brochure for details.
Who should opt for Tata AIA Fortune Pro?
- Young Working Professionals: Investing in a ULIP like Tata AIA Fortune Pro during early service years can help manage investment risks while aligning with medium to long-term goals.
- Seeking Diversification: Investors aiming for portfolio diversification can benefit from a ULIP, earning market-linked returns while securing extensive life cover for their family's financial stability.
- Desiring Market-Linked Returns: New investors seeking guided investment in market-linked instruments can choose a ULIP tailored to their risk profile and investment objectives.
- Planning Retirement: ULIPs like Tata AIA Fortune Pro offer market-linked returns, helping in wealth accumulation for retirement, ensuring financial security during post-work years.
What is the Fortune Pro plan?

The Fortune Pro Plan is a comprehensive life insurance policy offered by Tata AIA Life Insurance Company. Under this ULIP policy, policyholders receive life insurance coverage to secure their loved one's financial future in case of unfortunate events. This plan also offers the potential for wealth creation through investments in market-linked funds.
What are the returns of TATA AIA Fortune Pro?

The returns of Tata AIA Fortune Pro depend on the performance of the funds in which the premiums are invested. The returns of each fund will vary depending on the market conditions.
Is TATA AIA Fortune Pro a mutual fund?

No, Tata AIA Fortune Pro is not a mutual fund. It is a unit-linked insurance plan (ULIP), which means that the premiums paid are invested in a variety of funds, but the policyholder does not own units in the funds directly. Instead, the policyholder owns a policy that entitles them to a share of the fund's assets.
What is the surrender value of TATA AIA fortune pro?

The surrender value of Tata AIA Fortune Pro depends on the performance of the funds in which the premiums have been invested, the premium payment term, and the amount of premiums paid.

†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
*Please note that the quotes shown will be from our partners
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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