Enjoy Guaranteed Income from the First month itself with Tata AIA's Fortune Guarantee Supreme

February 24, 2023 Bharath

~ A Unique Savings plan that offers Immediate Guaranteed Income, Loyalty Additions through Sub Wallets and much more ~

MUMBAI, India, Feb. 24, 2023 /PRNewswire/ — Tata AIA Life Insurance Co. Ltd. (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:

Guaranteed income payable from the very first month of investing
Loyalty additions through a unique sub wallet feature to earn interest on the income earned
Customized payout dates to coincide with one’s special moments (e.g. anniversary, birthday)
Special 2% discount for women consumers investing in the policy

Commenting on the launch Samit Upadhyay, President and Chief Financial Officer, Head of Products, Tata AIA, said, “We live in a world wherein we must grapple with uncertainty, even as we aspire to fulfill our dreams. In such a scenario, being financially secure becomes a necessity, rather a luxury. What we need is a savings cum protection solution that offers financial protection, guaranteed income, and the flexibility to tailor the plan to suit one’s needs.“

“At Tata AIA, we are delighted to launch ‘Fortune Guarantee Supreme’, our latest offering as part of our Guaranteed tax free regular income portfolio. It provides a regular income stream to consumers, that too right from the first month and on dates of their choice e.g. birthdays, thereby making their special moments truly special. What more, the plan is available to women consumers at a special discount of 2%, thereby making it even more attractive.”

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. Consumers can avail these riders to make their life and health cover more comprehensive. 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.

About Tata AIA Life

Tata AIA Life Insurance Company Limited (Tata AIA Life) is a joint venture company formed by Tata Sons Pvt. Ltd. and AIA Group Ltd. (AIA). Tata AIA Life combines Tata’s pre-eminent leadership position in India and AIA’s presence as the largest, independent listed pan-Asian life insurance group in the world, spanning 18 markets in the Asia Pacific region.

About the Tata Group

Founded by Jamsetji Tata in 1868, the Tata group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals.

The group operates in more than 100 countries across six continents, with a mission ‘To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’.

Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture.

In 2021-22, the revenue of Tata companies, taken together, was $128 billion (INR 9.6 trillion). These companies collectively employ over 935,000 people.

Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors. There are 29 publicly-listed Tata enterprises with a combined market capitalisation of $311 billion (INR 23.6 trillion) as on March 31, 2022.

Companies include Tata Consultancy Services, Tata Motors Tata Steel, Tata Chemicals, Tata Consumer Products, Titan, Tata Capital, Tata Power, Indian Hotels, Tata Communications, Tata Digital, and Tata Electronics.

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR, Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR, and a 49 per cent joint venture in India.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$302 billion as of 30 June 2022.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 40 million individual policies and over 17 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).

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