Tata AIA Introduces Shubh Flexi Income Plan for Flexible Financial Security
Tata AIA Life Insurance Co. Ltd. has launched the Tata AIA Shubh Flexi Income Plan, a non-linked, participating life insurance savings plan designed to offer flexible financial security and wealth creation opportunities. This innovative solution empowers individuals to customize their financial planning based on their unique aspirations and evolving needs.
Flexible Options for Diverse Financial Goals
The Shubh Flexi Income Plan provides three tailored options to meet specific financial objectives:
- Endowment Option: Ideal for building long-term savings with a lump sum payout at maturity, suitable for goals like purchasing a home or funding a child’s education.
- Early Income Option: Offers yearly cash bonuses from the first year, providing a regular income stream.
- Deferred Income Option: Allows cash bonuses after the premium payment term, with the flexibility to defer payouts for enhanced growth, ideal for long-term wealth accumulation or retirement planning.
Comprehensive Protection Features
Beyond wealth creation, the plan incorporates essential protective features:
- Waiver of Premium Option: Waives future premiums in the event of the policyholder’s demise, ensuring continued benefits for loved ones.
- Cover Continuance Benefit: Continues policy benefits despite the policyholder’s passing, including death benefits and future bonuses.
- ‘Sub Wallet’ Feature: Allows policyholders to accumulate bonuses in an interest-earning wallet, which can be used for future premium payments.
- Smart Lady Benefit: Offers a special discount for female policyholders.
- Family Discount: Provides an additional discount for family members and nominees of existing policyholders.
Strong Performance and Commitment
Tata AIA has consistently delivered impressive bonus payouts, declaring INR 1,465 crore in bonuses for the financial year 2024, a 24% increase from the previous year. This performance underscores the company’s commitment to enhancing policyholders’ wealth over time.
“At Tata AIA Life, we believe financial security should not come at the cost of flexibility,” said Sujeet Kothare, Executive Vice President. “The Shubh Flexi Income Plan empowers individuals to control their financial future with guaranteed benefits and the agility to adapt to life’s changing needs.”
Empowering Financial Journeys at Every Life Stage
Whether you’re starting your career, raising a family, or planning for retirement, the Shubh Flexi Income Plan adapts to your needs, offering:
- Early wealth building for young professionals
- Confident planning for major life milestones for parents and families
- Reliable income streams for retirement planners
With guaranteed savings, flexible income options, and wealth-building potential, the Tata AIA Shubh Flexi Income Plan ensures financial freedom on your terms. Take the first step towards a brighter, more secure future today.
