Tata AIA Life Insurance has enhanced its Fortune Guarantee Supreme savings plan, introducing new features aimed at addressing affordability concerns and sustaining long-term savings behaviour.
Central to the enhancement is the ‘Premium Offset’ feature, under which policyholders pay premiums for only the first six years of a 12-year premium-paying term. The income benefit from the policy can be used to offset the remaining six premiums, lowering the long-term financial commitment.
According to Tata AIA Life, the plan also offers guaranteed income through the ‘Power of 6’ feature, which delivers an Internal Rate of Return (IRR) of upwards of 6%, subject to policy conditions. The feature is targeted at individuals planning for retirement, family needs and long-term income security.
Commenting on the offering, 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.”
Fortune Guarantee Supreme is a non-linked, non-participating individual life insurance savings plan that provides guaranteed benefits along with life insurance cover throughout the policy term, along with applicable tax benefits under existing laws.
