Tata AIA Life Insurance has announced enhancements to its Fortune Guarantee Supreme savings plan, introducing features that aim to reduce premium payment stress while ensuring guaranteed income and protection.
The ‘Premium Offset’ feature allows customers to pay premiums for only six years of a 12-year premium-paying term, with the option to offset the remaining premiums using income benefits under the policy. The structure is designed to help customers remain invested over the long term without continuous premium payments.
The plan also offers the ‘Power of 6’ option, delivering guaranteed income and benefits with an IRR of upwards of 6%, subject to policy terms and conditions, providing certainty for long-term financial planning.
Sujeet Kothare, Chief of Products, Marketing, Corporate Communications & Business Mid Office, Tata AIA Life Insurance, said,
“Many consumers want to save for the long term but hesitate because the commitment often feels heavy and difficult to sustain—especially with rising costs and taxes. With the strengthened Fortune Guarantee Supreme, we are changing this experience by sharing the responsibility of saving with our customers. The premium offset proposition, combined with guaranteed income options, is designed to make disciplined saving simpler, more predictable, and easier to sustain over time.”
As a non-linked, non-participating plan, Fortune Guarantee Supreme provides guaranteed benefits along with life cover, with tax benefits available under Sections 80C and 10(10D), subject to prevailing regulations.
