Tata AIA Life Insurance has enhanced its long-term savings plan, Fortune Guarantee Supreme, with new features aimed at making disciplined saving easier and more affordable for customers amid rising household expenses and changing financial priorities.
A key enhancement to the plan is Tata AIA’s ‘Premium Offset’ feature, which allows customers to pay premiums only for the first six years of a 12-year premium-paying term. The remaining six premiums can be offset using the income benefit provided under the policy, reducing the need for continued out-of-pocket payments while maintaining long-term investment continuity.
Commenting on the enhancement, 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 also offers a guaranteed income option with an Internal Rate of Return (IRR) upwards of 6%, subject to policy terms and conditions. Known as the ‘Power of 6’, this feature is designed for individuals seeking certainty and predictable income to support long-term goals such as retirement, education planning and income stability.
As a non-linked, non-participating individual life insurance savings plan, Fortune Guarantee Supreme provides guaranteed benefits along with life cover throughout the policy term. Eligible premiums qualify for tax benefits under Section 80C, while maturity and death benefits are exempt under Section 10(10D), subject to prevailing tax laws.
