TATA AIA LIFE INSURANCE FORTUNE MAXIMA

Enhance your coverage with a life long investment plan
Enhance your coverage with a life long investment plan

A Unit Linked Whole of Life plan that allows you to fulfill some critical life needs with a greater degree of efficiency and helps create legacy for your loved ones. It makes your money grow over a period of time to ensure greater protection and wealth creation.

Wealth Secure Plan

Wealth Secure Plan

A Life Insurance plan that ensures you meet your family's dreams by picking out an investment option that best suits your requirement and also financially secures your family with Whole Life Cover.

Benefits And Features

On survival to the end of the policy term, you will receive the Total Fund Value valued at applicable NAV on the date of Maturity.

For Regular and Limited Pay - from 11th policy anniversary till the end of the policy term, Tata AIA Life will credit additional units at the rate of 0.20% of the units to the respective funds

For Single Pay - from 6th policy anniversary till the end of the policy term, Tata AIA Life will credit additional units at the rate of 0.35% of the units to the respective funds

Upon the unfortunate demise of the life insured prior to maturity, Tata AIA Life shall pay the nominee/legal heir the highest of

    1. The Basic Sum Assured net of all “Deductible Partial Withdrawals”, if any, from the Regular/Single Premium Fund Value, or
    2. The Regular/Single Premium Fund Value of this Policy or
    3. 105 percent of the total Regular/Single Premiums paid.

You will be eligible for tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961

#The above exemption is as per the Income Tax Act 1961 and is subject to change as per amendments made from time to time.

You will have the right to return your policy to Tata AIA Life within 15 days from the date of receipt of the policy, in case you are not satisfied with the terms & conditions of your policy. Tata AIA Life will pay the fund value post deduction of certain charges which would have been incurred for issuing the policy , once they receive your written notice of cancellation (along with reasons thereof) together with the original policy documents.

This period of 15 days shall stand extended to 30 days, if the policy is sourced through distance marketing mode.

In case of death due to suicide within 12 months from the date of commencement of the policy or from the date of revival of the policy, the nominee or beneficiary of the policyholder shall be entitled to fund value/policy account value, as available on the date of death. Any charges recovered subsequent to the date of death shall be paid-back to the nominee or beneficiary along with death benefit.

Eligibility Criteria

0 years (30 days) to 60 years

100 minus entry age

Single Pay

Limited Pay – 7, 8, 9, 10, 15 and 20 years

Single, Annual , Semi-Annual , Quarterly and Monthly

Single Pay -Rs.1,00,000

Regular / Limited Pay – Rs.50,000 per annum

Single Pay -Rs.5,00,000

Regular / Limited Pay – Rs.500,000 per annum

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Click here for Product specific disclaimers.

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Disclaimers:

Insurance products are obligations only of the Insurance company. They are not bank deposits or obligations of or guaranteed by Citibank N.A, Citigroup Inc or any of its affiliates or subsidiaries or any Governmental agency. All claims under the policy will be solely decided upon by the Insurance Company. Citibank, Citigroup or any of their affiliates and group entities hold no warranty and do not make any representation about the insurance, the quality of claims processing and shall not be responsible for claims, recovery of claims, or for processing of or clearing of claims, in any manner whatsoever. This document does not constitute the distribution of any information or the making of any offer or solicitation by anyone in any jurisdiction in which such distribution or offer is not authorized or to any person to whom it is unlawful to distribute such a document or make such an offer or solicitation. Investment products are not available to US persons and may not be available in all jurisdictions.

Participation by the bank's customers in an insurance product is purely on a voluntary basis.

*IRS Circular 230 Disclosure: Citigroup, Inc., its affiliates, and its employees are not in the business of providing tax or legal advice to any taxpayer outside of Citigroup, Inc. and its affiliates. This document is not intended or written to be used, and cannot be used or relied upon, by any such taxpayer for the purpose of avoiding tax penalties. Tax benefits are subject to changes in the tax laws. Any such taxpayer should seek advice based on the taxpayer's particular circumstances from an independent tax advisor.

Citibank N.A. is a registered Corporate Agent of Tata AIA Life Insurance Company Limited, New India Assurance Company Limited, Royal Sundaram General Insurance Company Limited and Apollo Munich Health Insurance Company Limited under the composite license number CA0086 issued by IRDAI.

Life Insurance Policies:

These policies are underwritten by Tata AIA Life Insurance Co. Limited (IRDAI Registration No. 110)
CIN: U66010MH2000PLC128403 with its registered office at 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg,
Lower Parel, Mumbai 400013.

All guaranteed benefits are payable only when all premiums are paid when due.

Investment risk in the investment portfolio is borne by the Policy Holder. The premium paid in Unit Linked Life Insurance policies are subject to investment risks associate with capital markets and the NAVs of the units may go up or down based on the performance of the fund and factors influencing the capital market and the insured is responsible for his or her decision. Tata AIA Life is only the name of the Insurance Company and the funds offered are only the names of the funds and does not in any way indicate the quality of the contract, its future prospects or returns.

Product UINs:

UIN for TATA AIA Life Insurance Smart Income Plus - 110N126V03

UIN for TATA AIA Life Insurance Good Kid - 110N127V01

UIN for TATA AIA Life Insurance Sampoorna Raksha - 110N129V02

UIN for TATA AIA Life Insurance Sampoorna Raksha+ - 110N130V02

UIN for TATA AIA Life Insurance Gold Income Plan - 110N131V01

UIN for TATA AIA Life Insurance Freedom - 110N124V01

UIN for Tata AIA Life Insurance Wealth Maxima - 110L114V02

UIN for Tata AIA Life Insurance Wealth Pro - 110L111V02

UIN for Tata AIA Life Insurance Fortune Maxima - 110L113V02

UIN for Tata AIA Life Insurance Fortune Pro - 110L112V02

UIN for Tata AIA Life Insurance MahaLife Gold Plus - 110N110V01

UIN for Tata AIA Life Insurance Money Maxima - 110N109V01

UIN for Tata AIA Life Insurance MahaLife Magic - 110N108V01

UIN for Tata AIA Life Insurance Secure 7 - 110N107V01

Non-life Insurance Policies:

Policies are underwritten by New India Assurance Company Limited (IRDAI Registration No. 190) CIN: U99999MH1919GOI000526 with its registered office at No.87, Mahatma Gandhi Road, Fort, Mumbai – 400 001 or by Royal Sundaram General Insurance Company Limited (IRDAI Registration No. 102) CIN:U67200TN2000PLC045611 with its registered office at No. 21, Patullos Road,
Chennai 600 002.

Specialist Health Insurance Policies: These policies are underwritten by Apollo Munich Health Insurance Co. Limited
(IRDAI Registration No. 131) CIN: U66030AP2006PLC051760 with its registered office at Apollo Hospitals Complex, Jubilee Hills, Hyderabad - 33.

For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding the sale.

For any queries with respect to your Insurance Policies bought through Citibank N.A., kindly contact 24 x 7 CitiPhone, The updated numbers are available on www.citibank.co.in

SECTION 41 OF THE INSURANCE ACT 1938 PROHIBITION OF REBATES
  1. No person shall allow or offer to allow, either directly or indirectly, as an inducement to any person to take out or renew or continue an Insurance in respect of any kind of risk relating to lives or property in India, any rebate of the whole or part of the commission payable or any rebate of the premium shown on the policy nor shall any person taking out or renewing or continuing a Policy accept any rebate, except such rebate as may be allowed in accordance with the published prospectus or tables of the Insurer.
  2. Any person making default in complying with the provisions of this section shall be liable for penalty which may extend to
    ten lakh rupees.