Tata AIA Shubh Fortune Plan

Features of Tata AIA Shubh Fortune Plan

Following are the key features of the Tata AIA Shubh Fortune Plan:

• Timely Payouts for Education & Life Goals: This ULIP plan gives you payouts at key milestones, such as your child’s higher education or when you retire, helping you achieve your family’s important goals.

• Secure Investment: The premiums you pay are protected, ensuring that a lump sum amount is paid out to your loved ones in case of unforeseen events.

• Long-Term Wealth Growth: Grow your money consistently with top-rated funds (4 or 5 stars by Morningstar). This ensures your investments grow steadily over time.

• Life Protection: This plan provides life coverage throughout the policy term, ensuring your family’s financial security in case of an emergency.

• Premium Waiver: The Benefit Protect Rider ensures that if something happens to you, future premiums are waived off, keeping your child’s future safe.

• Protection under MWPA: Under the Married Women’s Property Act (MWPA), the benefits of the policy are protected for your family and are safe from creditors or lenders.

• Tax Benefits: You can avail of tax benefits on premiums paid and policy payouts under Section 80C and Section 10(10D), as per prevailing tax laws, to optimize your savings.

Who Can Buy Tata AIA Shubh Fortune Plan?

This plan is perfect for:

• Parents who want to plan for their child’s education and future.

• Families who are aiming to achieve major life goals, like buying a house or saving for retirement.

• Individuals who want to ensure they have a worry-free retirement.

List of ULIP Funds ^~

Returns 3 Years 5 Years 10 Years

Fund Name

AUM

NAV

Returns (in %)

3 Year

5 Year

10 Year

High Growth Fund

Axis Max Life

AUM:10,632 Cr

10,632 Cr

NAV

114.77

0.97%

Returns

28.09%

Returns

32.5%

Highest Returns

Returns

18.6%

Get Details

Top 200 Fund

Tata AIA Life

AUM:2,469 Cr

2,469 Cr

NAV

180.38

0.69%

Returns

24.22%

Returns

30.5%

Highest Returns

Returns

18.2%

Get Details

Accelerator Mid-Cap Fund II

Bajaj Allianz

AUM:5,888 Cr

5,888 Cr

NAV

81.6

0.49%

Returns

19.36%

Returns

22.06%

Highest Returns

Returns

14.21%

Get Details

Opportunities Fund

HDFC Life

AUM:38,561 Cr

38,561 Cr

NAV

76.86

0.51%

Returns

19.92%

Returns

23.81%

Highest Returns

Returns

14.24%

Get Details

Equity II Fund

Canara HSBC Life

AUM:3,631 Cr

3,631 Cr

NAV

41.34

0.28%

Returns

13.51%

Returns

16.83%

Highest Returns

Returns

10%

Get Details

Accelerator Fund

Bandhan Life

AUM:242 Cr

242 Cr

NAV

49.03

0.44%

Returns

18.22%

Returns

20.6%

Highest Returns

Returns

13.03%

Get Details

Growth Opportunities Plus Fund

Bharti AXA

AUM:1,025 Cr

1,025 Cr

NAV

73.32

0.61%

Returns

16.51%

Returns

20.53%

Highest Returns

Returns

14.09%

Get Details

Multiplier

Birla Sun Life

AUM:4,709 Cr

4,709 Cr

NAV

93.24

0.87%

Returns

19.56%

Returns

24.11%

Highest Returns

Returns

14.82%

Get Details

Equity Top 250 Fund

Edelwiess Tokio

AUM:557 Cr

557 Cr

NAV

56.97

0.43%

Returns

14.82%

Returns

17.28%

Highest Returns

Returns

11%

Get Details

Future Apex Fund

Future Generali

AUM:105 Cr

105 Cr

NAV

55.82

0.54%

Returns

17.08%

Returns

21.13%

Highest Returns

Returns

13.01%

Get Details

Opportunities Fund

ICICI Prudential Life

AUM:3,493 Cr

3,493 Cr

NAV

58.75

0.48%

Returns

17.41%

Returns

20.29%

Highest Returns

Returns

12.05%

Get Details

Frontline Equity Fund

Kotak Mahindra OM Life

AUM:4,489 Cr

4,489 Cr

NAV

68.35

0.49%

Returns

18.24%

Returns

21.15%

Highest Returns

Returns

13.71%

Get Details

Balanced Fund

LIC India

AUM:2,549 Cr

2,549 Cr

NAV

18.27

0.00%

Returns

10.42%

Returns

10.54%

Highest Returns

Returns

-

Get Details

Virtue II

PNB MetLife

AUM:3,375 Cr

3,375 Cr

NAV

69.26

0.44%

Returns

17.64%

Returns

21.8%

Highest Returns

Returns

14.68%

Get Details

Pension Dynamic Equity Fund

Pramerica Life

AUM:6 Cr

6 Cr

NAV

72.29

0.39%

Returns

13.4%

Returns

16.47%

Highest Returns

Returns

10.72%

Get Details

Equity Fund

SBI Life

AUM:81,114 Cr

81,114 Cr

NAV

201.39

1.49%

Returns

14.71%

Returns

17.1%

Highest Returns

Returns

11.34%

Get Details

Blue-Chip Equity Fund

Star Union Dai-ichi Life

AUM:1,370 Cr

1,370 Cr

NAV

34.54

0.22%

Returns

11.9%

Returns

14.47%

Highest Returns

Returns

9.89%

Get Details

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Disclaimer :
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in

Tax Benefits of Tata AIA Shubh Fortune Plan

The tax benefits of the Tata AIA Shubh Fortune Plan are as follows:

• Tax Deduction on Premiums: Premiums paid for Tata AIA Shubh Fortune ULIP are eligible for tax deductions under Section 80C, up to ₹1.5 lakh per financial year.

• Tax-Free Maturity Benefits: Maturity proceeds are tax-exempt under Section 10(10D), provided:

  • For policies issued after April 1, 2012, the annual premium does not exceed 10% of the sum assured. Total premiums across all ULIPs are under ₹2.5 lakh per year.

  • For policies issued before this date, premiums should be below 20% of the sum assured.

• Tax-Free Death Benefits: In case of death, the sum assured paid to the nominee is tax-free under Section 10(10D), irrespective of premium limits.

Benefits of the MWPA Act in Tata AIA Shubh Fortune Plan

The Married Women’s Property Act (MWPA) ensures that the benefits from your policy are protected for your family. It prevents these benefits from being claimed by creditors or lenders, providing added security for your loved ones.

How Can You Plan Your Investments in the Tata AIA Shubh Fortune Plan?

• Set Clear Goals: Start by deciding what’s important for your family, whether it’s funding your child’s education, buying a house, or saving for retirement.

• Start Early: Invest early so that your wealth grows steadily over time, helping you prepare for rising costs and unexpected financial challenges.

• Stay Stress-Free: With a solid financial plan in place, you can enjoy life’s milestones without worrying about money.

• Keep Your Family Secure: Ensure your family’s future and retirement planning are safe with a plan that balances both your goals and financial security.