Tata AIA Life Insurance has unveiled its new Shubh Flexi Income Plan, a non-linked, participating life insurance savings plan. The plan is designed to provide individuals with flexible financial security along with opportunities for long-term wealth creation.
The Shubh Flexi Income Plan offers three distinct options tailored to meet diverse financial goals. These include:
- Endowment Option: This option is structured for long-term savings.
- Early Income Option: Provides regular cash flow starting from the first year of the policy.
- Deferred Income Option: This choice focuses on wealth accumulation, particularly useful for early retirement planning.
In addition to its flexible options, the plan includes several built-in protection features, such as:
- Waiver of Premium Option: Ensures the continuation of policy benefits even if the policyholder passes away.
- Cover Continuance Benefit: Waives future premiums while maintaining death benefits and bonuses.
The Shubh Flexi Income Plan also incorporates a unique 'Sub Wallet' feature to accumulate bonuses, offering further potential for growth. Additionally, the plan provides discounts for female policyholders and family members of existing policyholders.
