A method of delaying the aging of natural ester oil-paper insulation systems by adding glyceryl triacetate is proposed in this work. A study was conducted on the thermal aging performance of soybean insulating oil mixed with glyceryl triacetate at a volume fraction of 7.5%. Through a 42-day accelerated thermal aging experiment, it was found that the addition of glyceryl triacetate effectively delayed the increase in kinematic viscosity of the insulating oil and reduced the generation of aging products such as moisture and acid. However, the polar compounds in glyceryl triacetate reduced the breakdown voltage of the mixed oil and made the dielectric loss factor higher than that of pure oil. In addition, tests were conducted on the insulating paper immersed in two types of oil, and it was found that the addition of glyceryl triacetate helps to distribute mixed oil molecules on the surface of insulating paper, which effectively helped absorb moisture from the paper, weakening the hydrolysis reaction of cellulose and delaying the aging of insulating paper. In addition, the insulating paper immersed in the mixed oil maintains good power frequency breakdown voltage and dielectric properties throughout the thermal aging experiment.