Fortune Guarantee Secure

What this product is

A guaranteed, non-participating savings plan built around a "sub-wallet" that grows your survival benefits at a set rate, with an option to start receiving income almost immediately after buying the policy.

You might need this if…

• You want guaranteed (not market-linked) growth on money you're setting aside for a mid-to-long-term goal
• You like survival benefit payouts accumulating in a sub-wallet at a declared rate instead of being paid out and sitting idle
• You want to start receiving income within days of buying the policy rather than waiting years (via the "advanced income" option)
• You're a woman and want to benefit from the modest first-year premium discount some Tata AIA plans offer

How it actually works

• Choose from four plan options depending on whether you want income deferred to later years or almost immediately (from around day 3 under the "Advanced Income" option)
• Survival/income benefits can be left to grow in a Sub-Wallet, which earns a declared loyalty rate reviewed twice a year, rather than being paid out and left idle
• A Premium Offset feature lets you apply survival benefit payouts toward future premiums instead of paying cash
• Life cover runs for the full policy term, so the plan doubles as protection while it saves
• Female policyholders get a small first-year premium discount

Worth knowing before you decide

• Not a guaranteed-issuance product - final terms depend on underwriting and health disclosures
• Quoted premiums and sub-wallet returns are before taxes/duties, which are added on top and are the policyholder's responsibility
• As with most such plans, surrendering early usually means getting back less than you've paid in
• Specific ages, terms, and guaranteed rates vary by the plan option chosen - the official brochure PDF could not be directly accessed for this card, so confirm exact figures via a current benefit illustration

Official source

Not available in the current product data — this insurer has not published a standalone brochure PDF for this plan; the notes above are drawn from their official product page instead.

Learn about this category

Read the full traditional life insurance explainer → · See all traditional savings products →