Tata AIA plan lets customers stop premiums after 6 years

The update targets predictable saving under the long-term savings plan.

Tata AIA Life Insurance has updated its long-term savings plan, Fortune Guarantee Supreme, to make saving easier and more predictable.

The plan now includes a ‘Premium Offset’ feature, allowing customers to pay premiums for only the first six years of a 12-year term, with the remaining six premiums covered by the plan’s income benefit. 

The plan also offers a ‘Power of 6’ option, providing guaranteed income and benefits with an internal rate of return of up to 6%, aimed at retirement, education, or long-term financial stability. 

Fortune Guarantee Supreme is an individual, non-linked, non-participating plan with life cover and tax benefits under Sections 80C and 10(10D) of the Income Tax Act.