Tata AIA Life Insurance Fortune Pro Plan

Tata AIA Life Insurance Fortune Pro Plan is Unit-linked Investment Plan (ULIP) that focuses on high returns along with providing life cover benefits.  The plan offers a wide array of 11 different fund options to help you invest as per your preferred asset allocation. Alternatively, you can also choose to invest via an Enhanced SMART strategy under which your money is systematically transferred from a debt fund to an equity fund to help you invest in the volatile markets in a structured manner and avail the benefit of rupee cost averaging.

The plan rewards you for staying invested in it by way of loyalty additions from the end of the 11th policy year under the Regular Premium option and from the 6th year onwards under the Single Premium option till the end of the policy term. A maximum of 4 partial withdrawals are allowed under the plan during a policy year after the end of the lock-in period of the first 5 years to provide you liquidity in times of emergencies. You can also choose to switch within funds up to 12 times for free in a policy year. 

Best Features of Tata AIA Life Insurance Fortune Pro Plan 

Below-mentioned are the best features of Tata AIA Life Insurance Fortune Pro Plan:

  • Fund Options-  The plan offers 11 distinctive fund options to match different investment styles and risk appetites of different investors.
  • Loyalty Additions- The plan provides additional fund units from the 6th or 11th policy year till the end of the policy term depending on the premium payment term chosen by you.
  • Rider Benefits-  You can extend the coverage of the plan with the help of 3 optional riders namely Waiver of Premium, Waiver of Premium Plus, Accidental Death, and Dismemberment Rider. All the 3 riders are available under Regular and Limited Pay Plans, however, with the Single Pay plans, only the Accidental Death and Dismemberment Rider is available.
  • Fund Switching- The plan allows you to switch the fund options 12 times free of charge during a policy term.
  • Top-up Option-  You can choose to invest your additional earnings by way of a top-up premium anytime during the policy term except for the last 5 years of the plan. This option can be exercised as many as 4 times during a policy term.
  • Portfolio Strategy Option- The plan offers 1 portfolio strategy option namely Enhanced Systematic Money Allocation & Regular Transfer (SMART). Under this strategy, you are required to choose 1 debt and 1 equity fund. Your entire annual/single premium is invested in the chosen debt-oriented fund from which the funds are systematically transferred on a monthly basis to the chosen equity-oriented fund to get the advantage of rupee-cost averaging.

Benefits of Tata AIA Life Insurance Fortune Pro Plan

Tata AIA Life Insurance Fortune Pro Plan offers the following benefits:

  • Death Benefit

In case of unfortunate death of the life assured, the highest of the following is paid to the nominee as the death benefit - 

  1. Sum Assured 
  2. Fund value 
  3. 105% of all the premiums paid till the date of death.

 In addition to the above benefit, the highest of the following is also paid to the nominee - 

  1.  Approved Top-up Sum Assured
  2.  Top-up Premium Fund Value 
  3.  105% of the total Top-up premiums paid up to the date of death
  • Maturity Benefit

In case of survival of the life assured till the end of the policy term, total fund value along with the top-up premium fund value is paid as maturity benefit. After the payment of maturity benefit, the policy stands terminated.

  • Loyalty Additions

Additional units at the rate of 0.20% of the units in each of the funds for Regular Pay and at the rate of 0.35% for Single Premium Pay are added to the fund value starting from every 11th and 6th policy anniversary respectively till the end of the policy term.

Tata AIA Life Insurance Fortune Pro Plan Eligibility

Following are the eligibility conditions for becoming an investor under the plan - 

Eligibility Criteria For Tata AIA Life Insurance Fortune Pro Plan
Minimum Age at Entry30 Days
Maximum Age at Entry59 Years
Minimum Age at Maturity18 Years
Maximum Age at Maturity75 Years
Policy Term15-40 Years
Premium Payment Term (PPT)

Single Pay 

Limited Pay – 5 /7 and10 years

Regular/Limited Pay – 15 and 20 years

Premium Payment FrequencySingle, Annual, Semi-Annual, Quarterly, and Monthly
Minimum Premium Amount
  • Single Pay – INR 1 Lakh
  • Regular/LimitedPay– INR 50,000 p.a
Maximum Premium Amount
  • Single Pay – INR 5 Lakh
  • Regular/Limited Pay – INR 5 Lakh p.a
Minimum Basic Sum Assured
  • For Single Pay – 1.25 times of the Single Premium
  •  For Regular / Limited Pay – Higher of (10 x Annualised premium) OR (0.5 x Policy Term x Annualised premium)
Maximum Sum Assured
  • For Single Pay – 1.25 times the Single Premium         
  • For Regular and Limited Pay-

Entry Age

Maximum Multiple of Annualised Premium

0 to 29 years


30 to 35 years


36 to 45 years

Higher of (Policy Term/2 or 15) 

46 to 59 years

Higher of (Policy Term/2 or 10) 

Tata AIA Life Insurance Fortune Pro Plan Fund Options

Tata AIA Life Insurance Fortune Pro Plan offers the following 11 fund options to invest your premiums:

Fund Name

Asset Class

Risk and Return Rating
Equity and Equity Related SecuritiesDebt Instruments Money Market

Fund Composition

Multi Cap Fund60%-1000%-40%0%-40%High Risk
India Consumption Fund60%-1000%-40%0%-40%High Risk
Top 50 Fund60%-100-0%-40%High Risk
Top 200 fund60%-100 0%-40%High Risk
Super Select Equity Fund60%-1000%-40%0%-40%High Risk
Large Cap Equity Fund80%-100%-0%-20%High Risk

Whole Life Mid Cap

Equity Fund

60%-100%-0%-40%High Risk
Whole Life Aggressive Growth Fund50%-80%20%-50%0%-30%Medium to High Risk
Whole Life Stable Growth Fund30%-50%20%-50%0%-30%Low to Medium Risk
Whole Life Income Fund -60%-100%0%-40%Low Risk
Whole Life Short-Term Fixed Income Fund-60%-100%60%-100%Low Risk

Alternatively, you can choose to invest under the plan via its Enhanced Enhanced Systematic Money Allocation & Regular Transfer (SMART) investment strategy.

Under this strategy, you are required to choose 2 funds, a debt-oriented fund, and an equity-oriented fund. The funds are systematically transferred on a monthly basis from the debt fund to the equity fund to protect you from market volatility and possible risks. Below is the table showing the available debt-oriented funds and equity-oriented funds available under this strategy:

Debt-oriented FundsEquity-oriented Funds
  • Whole Life Income Fund
  • Whole Life Short-Term Fixed Income Fund


  • Large Cap Equity Fund
  • Whole Life Mid Cap Equity Fund
  • Cap Equity Fund Fixed Income Fund 
  •  India Consumption Fund
  • Top 50 fund
  • Top 200 fund 
  •  Super Select Equity Fund

Tata AIA Life Insurance Fortune Pro Plan Review

Tata AIA Life Insurance Fortune Pro Plan is an investment cum life insurance plan which provides market-linked returns along with the benefits of a life insurance cover. You can choose to invest in the plan yourself across 11 different fund options or via its Enhanced SMART investment strategy which allocates your money automatically in a systematic manner to keep your safeguarded against market volatilities.

The plan further maximises your investment value by providing loyalty additions. The plan takes care of your liquidity requirements with the help of up to 4 partial withdrawals which can be made free of cost anytime during the policy term after the end of the lock-in period. Tata AIA Life Insurance Fortune Pro Plan can be shortlisted by individuals looking for a ULIP with a variety of fund options, free fund switches, intelligent investment strategy, and a host of rider benefits.

Tata AIA Life Insurance Fortune Pro Plan FAQs

  • 1. Will I be charged for switching my fund options multiple times?

    The first 12 switches of fund options in a policy year are free of cost , any further switch in the same policy year will cost you INR 100 per switch.  

  • 2. Is there a grace period under the IDBI Federal Wealth Gain Insurance Plan?

    Yes, a grace period of 30 days for premium payment frequency other than monthly mode and 15 days for monthly mode will be given to you to make any due premium payment. During these 30 days, the policy remains active and the benefits shall be payable to you without any disturbance.

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