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FG Supreme V4 - V3

FG Pension Literature

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0% found this document useful (0 votes)
25 views2 pages

FG Supreme V4 - V3

FG Pension Literature

Uploaded by

kuntal199
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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Be Future Ready and enjoy supreme returns

with

Individual, Non-Linked, Non-participating, Life Insurance Savings Plan

A unique guaranteed1 savings plan that lets you customize its benefits as per your financial goals and gives
you regular income post completion of premium payment term as per chosen start year.

Key Highlights

Guaranteed1 Income Option to choose Special discounts Life cover Tax-Benefits2


post premium income start year for women3 throughout on premiums paid
payment term the policy term & income received

Start your plan in 3 easy steps

STEP 1 STEP 2 STEP 3


Choose premium payment Choose policy term from Choose your Income start year
term from 5 to 12 years and 20 to 50 years from (PPT+1) to (PPT+6) year
desired premium amount

1
T&C apply
Let’s understand how the plan works

Sample Illustration 1: Karan is a 35 year old male. He wants to invest in plan which
provides regular income for his family’s household or entertainment expenses. He
decides to pay premium for 12 years and wants income for 30 years. He wishes his
income to start when he is 50 years of age. Thus, his policy term is 44 years.
Scenario 1: Karan survives for entire policy term and receives yearly payouts.

Premium* r 1,00,000 for 12 years Guaranteed1 Income of r 1,50,446 payable for 30 years

Policy Year 0 1 2 3 4 5 6 7 8 9 10 11 15 44
Age 35 36 37 38 39 40 41 42 43 44 45 46 50 79

In the above example, Income start year is Premium Payment Term + 3, which means first payout is made at the end of 15th year.

Scenario 2: In case of Karan’s unfortunate death in 20th year, his nominee will receive
the death benefit of R 17.6 Lakhs.

Returns under this plan for sample points are as below:

Premium* - 1 Lakh, Income Period - 30 years


Age Premium Income Income Income p.a Total
Payment Term Start Year till age (R) Income (R)

35 6 9 73 50,733 15,21,990
35 10 12 77 106,909 32,07,270
35 12 15 79 150,446 45,13,380
45 6 9 83 47,247 14,17,410
45 10 12 87 105,472 31,64,160
45 12 15 89 150,021 45,00,630
*The premiums are excluding GST. The policy term in the above scenarios can be calculated as “Income start year
– 1 + Income period”.

Pay your premiums regularly and enjoy supreme benefits during policy term!

Disclaimers:
1
Terms and Conditions apply. The benefits will vary based on plan option chosen. 2Tax Laws are subject to modifications made there from time to time. 3Special discount of 2% on first
year premium for women. Tata AIA Fortune Guarantee Supreme has two plan options: Immediate Income Option and My Income Option. Please contact your advisor for more details.
This product is underwritten by Tata AIA Life Insurance Company Ltd. Insurance cover is available under this product. This plan is not a guaranteed issuance plan and it will be subject to
Company’s underwriting and acceptance. Risk cover commences along with policy commencement for all lives, including minor lives. Buying a Life Insurance Policy is a long-term
commitment. An early termination of the Policy usually involves high costs and the Surrender Value payable may be less than the all the Premiums Paid. All Premiums and interest payable
under the policy are exclusive of applicable taxes, duties, surcharge, cesses or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium or
interest. Tata AIA Life shall have the right to claim, deduct, adjust and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the
benefits payable under the Policy. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. • UIN: 110N163V04
• L&C/Advt/2023/May/1642.

Tata AIA Life Insurance Company Limited (IRDAI Regn. No.110) CIN: U66010MH2000PLC128403. Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business
Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013. Trade logo displayed above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Company Ltd
under a license. For any information including cancellation, claims and complaints, please contact our Insurance Advisor / Intermediary or visit Tata AIA Life’s nearest branch office or call
1-860-266-9966 (local charges apply) or write to us at [email protected]. Visit us at: www.tataaia.com.

BEWARE OF SPURIOUS PHONE CALLS IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such
AND FICTITIOUS / FRAUDULENT OFFERS phone calls are requested to lodge a police complaint

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