The summary of ‘Tata aia life fortune maxima plan | tata aia life insurance fortune maxima plan complete detail’

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00:00:0000:15:47

The video discusses the Tata Aya Life Insurance's Fortune Maxima Plan, a Unit Link Insurance Plan with various fund options and premium payment structures. It covers key details such as premium limits, fund management charges, risk profiles of different funds, policy benefits, and withdrawal options. Viewers are encouraged to consider factors like fund details and management charges before making investment decisions. The video emphasizes the importance of understanding fund structures and charges when selecting a Unit Link Plan. Links to further details and fund performance information are provided for viewer reference.

00:00:00

In this part of the video, Mr. Jata’s comment on HDFC’s Dream Ship is mentioned. Viewers are encouraged to check the video description for a link to HDFC’s Dream Ship video and to suggest topics for future videos. The video discusses the Fortune Maxima Plane of Tata Aya Life Insurance, highlighting it as a Unit Ling Ho Life Insurance Plane with 18 fund options. It explains the premium payment, fund investment, and insurance coverage offered by the plan. The video also details the eligibility criteria for Tata Aya Life’s Fortune Maximum Plan, including age limits and premium payment options.

00:03:00

In this segment of the video, key points include different premium payment options ranging from one year to 20 years, with installment choices such as yearly, half-yearly, and quarterly. Minimum premium limits are set at Rs 25,000 for a single premium payment and at least Rs 12,000 per year for Limited payment option. The maximum premium limit for single pay and Limited Pay is Rs 5 lakh. Premium allocation charges range from 3% for single premiums to varying percentages based on the payment term chosen. Policy administration charges apply, with an annual fee of 0.9% for single premiums and a maximum of 0.5% for Limited payment option. Fund management charges are specified for various funds offered by Tata Aya Life Insurance Company Limited.

00:06:00

In this segment of the video, the speaker discusses various funds, their fund management charges, and risk profiles. Some key points include:
– Dynamic Advantage Fund has a 1.35% fund management charge, which is the maximum limit and falls under a high-risk category.
– Funds like Multi Cap Fund, India Consumption Fund, Top 50 Fund, and Super Select Equity Fund are mentioned with their respective rankings.
– Different funds have varying management charges based on their risk profiles and investment focus.
– The speaker advises viewers to consider fund details like equity exposure and management charges before making investment decisions.
– Policy discontinuation charges in the D Anant Smart Portfolio Study are also highlighted, ranging from ₹1000 to ₹6000 depending on surrender year and premium payments.

00:09:00

In this segment of the video, key points covered include benefits of a particular ULIP plan, such as no charge for redirection, 12 free switches between funds per year, loyalty additions based on payment terms, maturity benefits, death benefits comparison, parcel withdrawal conditions (minimum ₹1000, max 25% of fund value, fund balance requirements), and terms for single premium parcel withdrawal. The segment also touches on the system metric withdrawal plan and its implications on policy terms and conditions.

00:12:00

In this part of the video, it is explained that if you want to withdraw funds within a ULIP plan, you can inform the insurance company to set up a systematic withdrawal plan where you can withdraw a percentage of your fund value annually without any extra charges. The example given includes details about fund allocation and premium payments, with calculations showing potential maturity amounts based on different scenarios. The video also mentions tax benefits for maturity amounts up to 2.5 lakhs in ULIP plans, and provides information on fund performance and options. Links to further details are available in the video description.

00:15:00

In this part of the video, the speaker provides a link in the description for viewers to access information on each fund’s performance. Understanding the fund’s basic structure, including charges, is crucial before selecting an option in a Unit Link Plan. The speaker encourages viewers to share comments, questions, and feedback for future video content.

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