Tata AIA Life Introduces Premium Offset Feature to Ease Long-Term Savings Commitments
Tata AIA Life Insurance announced enhancements to its Fortune Guarantee Supreme long-term savings plan, introducing features designed to reduce the financial burden of sustained premium payments while offering guaranteed returns.
The plan’s newly strengthened ‘Premium Offset’ proposition allows customers to pay premiums for only the first six years of a 12-year premium-paying term. Income benefits from the policy can then be used to offset the remaining premiums, enabling customers to stay invested without the pressure of continued premium payments.
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.”
The Fortune Guarantee Supreme plan also offers the ‘Power of 6’ option, providing guaranteed income and other benefits with an IRR of upwards of 6%, subject to policy terms and conditions. The feature is positioned for individuals looking for certainty and steady income during later stages of life.
The individual, non-linked, non-participating plan includes life cover throughout the policy term. Premiums are eligible for tax benefits under Section 80C, while maturity and death benefits qualify for exemptions under Section 10(10D), as per applicable tax laws.
