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Tata Smart Fortune Plus
Tata AIA Smart Fortune Plus is a unit-linked individual life insurance plan that offers both stability and growth. It provides a lump sum at maturity and financial security for your family in case of unforeseen events. The plan offers financial cover with market-linked returns, the flexibility to choose life cover options, and fund enhancements like additional unit allocations and loyalty additions.
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List of ULIP Funds ~
Fund Name
AUM
NAV
Returns (in %)
3 Year
5 Year
10 Year
Midcap Fund
SBI Life
AUM:57,040 Cr
57,040 Cr
NAV
50.43
-50.43%
Returns
19.16%
Highest Returns
Opportunities Fund
HDFC Life
AUM:35,377 Cr
35,377 Cr
NAV
79.15
0.52%
Returns
15.53%
Highest Returns
High Growth Pension Fund
Axis Max Life
AUM:4 Cr
4 Cr
NAV
10.38
0.01%
Returns
22.85%
Highest Returns
US Technology Advantage Fund
ICICI Prudential Life
AUM:0 Cr
0 Cr
NAV
0.00%
Returns
-
Multi Cap Fund
Tata AIA Life
AUM:10,579 Cr
10,579 Cr
NAV
66.28
-66.28%
Returns
16.42%
see more plans
Disclaimer :
˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
What is Tata Smart Fortune Plus?
Tata AIA Smart Fortune Plus is a Non-Participating, Unit Linked Insurance plan designed to offer stability and growth potential. It helps ensure aspirations remain intact despite life’s unpredictabilities and provides a lump sum payment upon maturity. In the event of an unforeseen circumstance, it offers extra benefits to safeguard a family from financial difficulties. It provides life insurance coverage and acts as a pillar of financial security, fortifying their future against uncertainties.
Features of Tata Smart Fortune Plus
Below are the features of Tata Smart Fortune Plus:
Fund Enhancements
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Smart Lady Benefit: For female lives, an amount equal to 0.50% of the Annualized Premium or 0.25% of Single Premium will be added to the Fund Value at the time of the first year’s allocation. This additional allocation will be available under all the plan options.
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High Premium Booster: Entitlement to High Premium Booster is based on the Annualised Premium. A percentage of the Annualised Premium will be added to the Fund Value at the time of allocation of first year’s premium. This additional allocation will be available under all the plan options.
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Loyalty Additions/Maturity Boosters: Loyalty Additions/Maturity Boosters are guaranteed non-negative amounts and shall not be revoked by the company provided the policy is in force and all due premiums have been paid till date. Strategic planning answers which SIP is best for wealth creation. Additional units at the rate of 0.20% of the units in each of the funds under the Regular Premium Account will be credited (post deduction of applicable charges) to the respective funds every policy anniversary starting from the eleventh Policy Anniversary till the end of the policy term.
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Annualised Premium Range High Premium Booster: If your annualised premium is between 0 to ₹49,999, the high premium booster is 0%. If your annualised premium is between ₹50,000 to ₹1,19,999, the high premium booster is 0.25%. If your annualised premium is ₹1,20,000 and above, the high premium booster is 0.50%.
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Fund Booster: Fund boosters are available, expressed as a percentage of fund value, and depend on the policy term and option chosen.
Benefits of Tata Smart Fortune Plus
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Maturity Benefit:
The fund value, including any Top-Up Premium fund value, valued at the applicable NAV on the date of maturity.
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For Wealth Secure and Goal Secure options, the Maturity Benefit shall be payable if the Life Insured is alive on the Maturity Date.
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For Future Secure and Family Secure options, the Maturity benefit shall be payable to the nominee if the Life Insured has died before maturity.
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Plan Options:
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Wealth Secure: Provides an opportunity to invest premiums and earn market-linked returns, offering whole life coverage and flexibility for unlimited fund switches.
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Future Secure: Ensures the future of loved ones is protected even in the policyholder's absence. In case of demise, the death benefit is paid to the nominee, future premiums are funded by Tata AIA Life Insurance, and the policy benefit continues. Upon maturity, the Total Fund Value accumulated over the Policy Term is paid out.
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Goal Secure: Secures a family’s financial goals. In case of demise, the nominee gets a combined payout of the death benefit and the total Fund value accrued until that point.
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Family Secure: Financially secures a family in the policyholder's absence by giving them a monthly income of 1% of the Base sum assured. In addition, future premiums are funded by Tata AIA Life Insurance, and the policy benefit continues for the family. Upon maturity, the Total Fund Value accumulated over the Policy Term is paid out.
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Latest ULIP NAVs
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Riders Under Tata Smart Fortune Plus
You can enhance your Tata AIA Smart Fortune Plus plan by adding riders for a nominal extra cost. Riders are not mandatory.
The premium-paying riders of this Tata AIA ULIP plan are:
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Tata AIA Life Linked Comprehensive Health Rider (UIN: 110A031V03 or any later version)
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Tata AIA Life Linked Comprehensive Protection Rider (UIN: 110A032V03 or any later version)
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Tata AIA Vitality Health Plus (UIN: 110A047V02 or any later version)
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Tata AIA Vitality Protect Plus (UIN: 110A048V03 or any later version)
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Tata AIA Sampoorna Health (UIN: 110A167V02 or any later version)
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Tata AIA OPD Care (UIN: 110A166V02 or any later version)
Additional Details of Tata Smart Fortune Plus
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Premium Payment: Single pay, yearly, half-yearly, quarterly, or monthly modes.
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Top-up Premium: Minimum ₹1000.
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Free Look Period: 30 days to cancel the policy with a refund of the non-allocated premium plus charges levied by cancellation of units plus fund value at the date of cancellation less certain deductions.
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Grace Period: 30 days for Annual, Semi-Annual, or Quarterly Modes; 15 days for Monthly mode.
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Health Management Services: Available to eligible Life Insureds.
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Enhanced SMART: Exercisable at policy inception or any policy anniversary with a 30-day advance written request.
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Discontinuance Charges: No discontinuance charges on Top-Up Premium fund value. Tables show discontinuance charges applicable for Single Pay and Regular/Limited Pay Options.
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Partial Withdrawal Charge: None.
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Fund Switching Charge: None.
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Miscellaneous Charge: Nil.
FAQs
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What are the available premium payment modes?
You can pay premiums annually, semi-annually, quarterly, monthly, or as a single payment, subject to minimum premium conditions for each mode. -
What is the Goal Secure option?
This option is designed to secure your family's financial goals. In the event of your death, the nominee receives a combined payout of the death benefit and the total fund value accrued up to that point. -
What are the options if I discontinue paying premiums after the lock-in period?
If you discontinue the policy after the lock-in period due to non-payment of premium, the policy will be converted into a reduced paid-up policy. The policy will continue in this reduced paid-up status without any rider cover. All charges as per the policy's terms and conditions may be deducted during the revival period, but mortality charges will be based only on the reduced paid-up sum assured. -
Where is the Discontinued Policy Fund invested?
The investment objective for the Discontinued Policy Fund is to provide capital protection and a minimum return as per regulatory requirements with a high level of safety and liquidity through judicious investment in high quality short-term debt.
Insurers Offering ULIPs
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by an insurer.
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˜The insurers/plans mentioned are arranged in order of highest to lowest first year premium (sum of individual single premium and individual non-single premium) offered by Policybazaar’s insurer partners offering life insurance investment plans on our platform, as per ‘first year premium of life insurers as at 31.03.2025 report’ published by IRDAI. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. For complete list of insurers in India refer to the IRDAI website www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ