Tata AIA Life Insurance has introduced new features to its long-term savings product, Fortune Guarantee Supreme, to make it more affordable, flexible, and certain for policyholders. The most notable addition is the Premium Offset feature, which allows customers to pay premiums for only the first six years of a 12-year premium-paying term. The income benefits generated by the policy can then be used to offset the remaining six years of premiums, reducing the direct premium-paying burden over time.
This feature is designed to lower entry and continuation barriers for long-term savings, particularly for individuals who may hesitate due to the perceived weight of multi-year financial commitments. By allowing part of the savings to fund future premiums, the plan introduces greater predictability and reduces dependency on future cash flows. Additionally, the Power of 6 variant offers guaranteed income options, providing policyholders with assured benefits and an Internal Rate of Return (IRR) of upwards of 6%, subject to policy terms and conditions.
The Fortune Guarantee Supreme plan is an individual, non-linked, non-participating life insurance savings plan that provides guaranteed benefits throughout the policy term along with life cover, ensuring continuity of financial protection. The plan is eligible for tax deductions under Section 80C of the Income Tax Act, and maturity and death benefits are exempt under Section 10(10D), subject to prevailing tax laws.
The enhancements to Fortune Guarantee Supreme reflect Tata AIA Life Insurance’s focus on certainty-driven financial solutions. By combining guaranteed returns with life insurance coverage, the plan aims to offer both wealth creation and protection within a single product structure. This combination is intended to help individuals plan for future milestones while safeguarding their families against unforeseen risks. With these new features, Tata AIA Life Insurance aims to position Fortune Guarantee Supreme as a long-term savings solution that balances affordability, certainty, and protection, enabling individuals to pursue long-term financial goals with greater clarity and confidence.