Tata AIA Life introduces powerful version of annuity plan

Tata AIA Life Insurance (Tata AIA Life), one of India’s leading Life Insurance Companies, has introduced a more powerful version of its flagship annuity (guaranteed income for life) plan, Tata AIA Life Fortune Guarantee Pension. The new version includes some critical improvements, including higher annuity rates and death benefits, making it a must-have for the consumers to live financially independent and worry-free in their golden years. Tata AIA Life Fortune Guarantee Pension plan offers multiple tailor-made guaranteed income options and helps consumers save adequately for retired life. The plan caters to a diverse set of customers, including the married, women and individuals wanting to seriously consider saving to maintain their current lifestyles for the future. It is also a very suitable option for SME customers who need to ensure a security net for themselves in their life. Key product benefits include –Immediate Life Annuity, Option of Guaranteed Additions, Option of choosing annuity in advance, Avail loan against policy, Joint Life Options.
Commenting on the occasion, Samit Upadhyay, Chief Financial Officer, Tata AIA Life Insurance, said, "With regular guaranteed income for life to help us manage our expenses after retirement, Tata AIA Life Fortune Guarantee Pension is an excellent financial tool to achieve that goal. The plan helps our consumers save enough before they retire and ensures stable income when the regular salary income stops.”