Fortune Guarantee Plus

What this product is

A guaranteed-return savings plan that pays you a fixed annual income for a long stretch of years after your premium-paying period ends, then returns all your premiums back at the end.

You might need this if…

• You want a locked-in, non-market-linked income stream for a couple of decades (e.g., funding a child's future or an alternate retirement income)
• You want life cover in place while you save, not just a bank FD
• You're okay tying up money for a long single/limited/regular pay period in exchange for know-in-advance numbers
• (Option 2) You want built-in critical illness protection alongside savings
• You're a disciplined saver who won't need this specific money during the premium term

How it actually works

• Choose Single Pay, Regular Pay (premium term 5-12 yrs) or Limited Pay (premium term 5-12 yrs, policy term up to 17 yrs)
• After premiums stop, the plan pays a Guaranteed Annual Income (a fixed % of premiums) every year for an Income Period of 20-45 years
• Combined policy term + income period runs 25-50 years
• At the end of the income period, you also get a Return of Total Premiums Paid as a lump sum, on top of the income already received
• Built-in life cover pays a sum assured on death during the policy (Option 2 adds a critical illness benefit)
• Income can be taken annually or monthly

Worked example

The tiers

Premium Term / Policy Term	Annual Premium	Total Premium Paid	Guaranteed Annual Income	Total Benefit Payout
5 / 5 yrs	₹1,00,000	₹5,00,000	₹32,540	₹14,76,200
10 / 10 yrs	₹1,00,000	₹10,00,000	₹92,330	₹37,69,900
12 / 12 yrs	₹1,00,000	₹12,00,000	₹1,23,990	₹49,19,700

Worth knowing before you decide

• Early surrender usually returns less than what you've paid in - this is built for people who won't need the money mid-way
• The base life cover floor can be quite low (as little as ₹50,000 on some single-life configurations) - it's a savings vehicle first, protection second
• Terms are guaranteed at issue but issuance itself isn't automatic - final premium depends on underwriting of your health and lifestyle
• Tax treatment depends on prevailing law at the time of payout, not just at purchase

Official source

⌟ Official product brochure

Learn about this category

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