Tata AIA Life Insurance Company Limited (Tata AIA), one of India’s leading life insurers, has launched Tata AIA Fortune Guarantee Supreme, a non-linked, non-participating, Guaranteed Savings plan that provides life insurance cover with guaranteed regular income from the very first month of investing. The plan comes with a host of benefits such as: (1) Guaranteed income payable from the very first month of investing, (2) Loyalty additions through a unique sub wallet feature to earn interest on the income earned, (3) Customized payout dates to coincide with one’s special moments and (4) Special 2% discount for women consumers investing in the policy.
Fortune Guarantee Supreme offers guaranteed tax free regular income for as long as 50 years. The Sub Wallet feature helps consumers accrue daily Loyalty additions at the rate of 4.05%, on the accumulated income amount. The Loyalty additions rate will be reviewed every six months and compounded annually. On completion of the policy term, consumers stand to gain a significant guaranteed lumpsum benefit.
To make the proposition even more attractive, Tata AIA offers riders or add-ons such as Tata AIA Vitality Protect or Tata AIA Vitality Health. Tata AIA Vitality Protect riders offer exhaustive protection cover with wellness benefits and premium discounts. It also allows policyholders to choose from several risk coverage options, such as death, accidental death or disability, and illness. Tata AIA Vitality Health covers disability, hospitalization, and illness and offers one or more benefits.