Tata Aia Life Insurance Fortune Guarantee Pension

Tata Aia Life Insurance Fortune Guarantee Pension – ~ Amazing savings plan that offers instant guaranteed income, loyalty programs with extra wallets and more ~

MUMBAI, India, February 24, 2023 // – Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India’s leading insurance companies, has launched Tata AIA Fortune Guarantee Supreme, an unaffiliated non-Participating Guaranteed Savings Plan that provides life insurance with guaranteed regular income. from the first month of investment. The plan has many advantages, such as:

Tata Aia Life Insurance Fortune Guarantee Pension

Commenting on the launch, Samit Upadhyay, President and Chief Financial Officer, Head of Products, Tata AIA said, “We live in a world where we have to deal with uncertainty even as we strive to achieve our goals. dream. Financial security has become a necessity rather than a luxury. We need a savings protection solution that offers financial protection, guaranteed income and the flexibility to adapt the plan as needed.”

Atal Pension Yojana (apy)

“At Tata AIA, we are delighted to launch ‘Fortune Guarantee Supreme’, our latest offering under our guaranteed tax-free regular income portfolio. It provides regular income to consumers, even from first month and on the dates of their choice, such as birthdays, making their special moments very special. In addition, the plan is available for female consumers with a special discount of 2%, which makes it more attractive.”

Fortune Guarantee Supreme offers guaranteed tax-free regular income for 50 years. The “Extra Wallet” feature helps consumers to accumulate a daily allowance for the loyalty program at the rate of 4.05% of the amount of accumulated income. The increase in loyalty will be reviewed every six months and calculated annually. After the policy, the consumers get a significant guaranteed one-time benefit.

To make the offer more attractive, Tata AIA offers riders or add-ons like Tata AIA Vitality Protect or Tata AIA Vitality Health. Consumers can take advantage of these riders to improve their lives and health. Tata AIA Vitality Protect riders offer complete protection with welfare benefits and premium discounts. It also allows owners to choose from multiple coverage options for perils such as death, accidental death or disability or illness. Tata AIA Vitality Health covers disability, hospitalization and illness and offers one or more benefits.

Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture formed by Tata Sons Pvt. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s unique leadership position in India with AIA’s presence as the largest independent pan-Asian life insurance group, covering 18 markets in the Asia-Pacific region.

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The Tata Group, founded by Jamsetji Tata in 1868, is a global company headquartered in India, consisting of 30 companies in ten industries.

The group operates in more than 100 countries on six continents with a mission “To improve the quality of life in the communities we serve around the world, creating long-term value for stakeholders based on leadership with confidence.”

Tata Sons is the leading investment holding company and promoter of the Tata companies. Sixty-six percent of Tata Sons’ equity is held by philanthropic foundations that support education, health, livelihoods, arts and culture.

In 2021-2022, the revenue of Tata companies is combined $128 billion (INR 9.6 trillion). These companies employ more than 935,000 people.

Guranteed Pension Plan Tata Aia Life Insurance Service, Age Limit: 45 Years To 85 Years, Lifetime

Each Tata company or business operates independently under the direction and management of its own board of directors. As of 31 March 2022, there are 29 publicly traded Tata companies with a combined market capitalization of $311 billion (INR 23.6 trillion).

The companies include Tata Consultancy Services, Tata Motors Tata Steel, Tata Chemicals, Tata Consumer Products, Titan, Tata Capital, Tata Power, Indian Hotels, Tata Communications, Tata Digital and Tata Electronics.

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent pan-Asia listed life insurance group. It is present in 18 markets – it has wholly owned branches and subsidiaries in China, Hong Kong RA, Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, Philippines, South Korea, Sri Lanka, Taiwan (China) , Vietnam, Brunei and Macao SAR, as well as a 49 percent joint venture with India.

The company, now called AIA, was first established in Shanghai more than a century ago in 1919. It is the market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions in most of its markets. As of June 30, 2022, its total assets are $302 billion.

Pradhan Mantri Jeevan Jyoti Bima Yojana Scheme

AIA addresses people’s long-term savings and protection needs by offering a variety of products and services, including life insurance, accident and health insurance, and savings programs. The group also provides employee benefits, lending and pensions to corporate clients. With an extensive network of agents, partners and staff across Asia, AIA serves more than 40 million individual policyholders and more than 17 million group insurance scheme members.

AIA Group Limited is listed on the Main Board of the Stock Exchange of Hong Kong under the stock code “1299” with American Depositary Receipts (Tier 1) sold indirectly (ticker: “AAGIY”). Mumbai, September 27, 2022: Tata AIA Life Insurance (Tata AIA Life), one of India’s leading life insurance companies, has introduced a stronger version of its flagship annuity plan (guaranteed income of lifetime) Tata AIA Life Fortune Guarantee Pension. The new version includes several important improvements, including higher annuity rates and death benefits, which are necessary for consumers to live financially independent and worry-free in their golden years. .

Longer life expectancy and declining savings rates make retirement income a major challenge for the country. India’s retirement savings gap is expected to reach $85 trillion by 2050*, and Indian consumers must prepare for this crisis by securing financial independence after retirement. Tata AIA Life Fortune Guarantee Retirement Plan offers a wide range of customized guaranteed income options and helps consumers save enough for retirement. The plan serves a diverse group of customers, including married couples, women and individuals who want to seriously consider saving to maintain their current lifestyle in the future. It is also a suitable option for small and medium business customers who need to ensure the security of their lives.

Retirement is like starting a new chapter in life. This is the time when we can focus on having fun instead of worrying about professional responsibilities. That’s why we all strive for financial freedom after retirement, so that money doesn’t dictate how we live. With a regular lifetime guaranteed income that helps us manage our expenses after retirement, Tata AIA Life Fortune Guarantee Pension is an excellent financial vehicle to achieve this goal. This plan helps our consumers save enough before they retire and provides a steady income when they stop receiving regular paychecks. “

Tata Aia Life Insurance Launches Fortune Guarantee Pension

This plan is an ideal solution for consumers looking for adequate and secure income after retirement and for retired consumers who want to extend their retirement age by investing any surplus funds in a you guaranteed life insurance policy, can avail Fortune Guarantee Pension.

For example, in Deferred Annuity (GA-I) and Purchase Value, where a 45-year-old male beneficiary pays an annual premium of Rs. 5 lakhs for seven years, he will start an annuity income of Rs. 261,030 per year from 8

Year to the hour of his life. Thus, it provides an annual income of 7.46% of the total paid premiums. If the annuitant dies, the nominal beneficiary is also entitled to the death benefit.

The product offers the same attractive proposition as Deferred Life Annuity (GA-II) and Purchase Cost Payment. If a 50-year-old invests an annual premium of Rs. 5 lakhs in ten years while they are still working, they will start earning Rs. 4, 06, 100 per annum on reaching the age of retirement. Also, as in the previous case, after the death of the annuitant, the total amount of premiums paid will be returned to his candidate. In the Joint Life option, where a 48-year-old husband and 45-year-old wife invest Rs. 2 lakhs in 12 years, they will get a guaranteed annual annuity of Rs. 2, 12, 040 for life. After their death, the applicant received Rs. 24 thousand.

Life Insurance Policy

India, March 28, 2023 – CredAble contributes to the World Business Council’s new plan to increase access to business finance for MSMEs, financial inclusion in… As part of the Tata Group, we align our vision to Tata Group’s core purpose is to “enhance the quality of life in the communities we serve by creating long-term value for stakeholders.” In line with this vision, we fund and deliver impactful projects that add value to the quality of life of our stakeholders and ultimately bring sustainability into the equation. Read more

Accordingly, Tata AIA Life Insurance Company allocates 2% of the average net profit earned in the last three financial years to support businesses that are relevant to the communities in our ecosystem. We are also working with Tata Trusts to create impact in rural communities and acquisitions

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