Tata AIA Life Insurance Co. Ltd. has introduced the Shubh Flexi Income Plan, a non-linked, participating life insurance savings solution designed to offer flexible financial security and wealth creation. The plan aims to empower individuals with tailored options that evolve with their financial goals. The Shubh Flexi Income Plan provides three key options: Endowment Option for long-term savings with a lump sum payout, Early Income Option for annual cash bonuses from the first year, and Deferred Income Option for accumulating wealth with the flexibility to defer payouts for higher growth.
Beyond savings, the plan incorporates protective features like the Waiver of Premium Option, which ensures continuity of benefits in case of the policyholder’s demise, and the Cover Continuance Benefit, allowing the policy to remain active with future premiums waived. Additionally, the ‘Sub Wallet’ feature lets policyholders accumulate bonuses with interest, while the Smart Lady Benefit and Family Discount offer affordability for women and family members of existing policyholders.
Tata AIA declared a ₹1,465 crore bonus for FY 2024, a 24% increase from the previous year, reinforcing its commitment to rewarding policyholders. Sujeet Kothare, EVP, Head – Products, Business Mid Office & Digital Marketing at Tata AIA, stated, “Financial security should not come at the cost of flexibility. Our plan ensures guaranteed benefits while adapting to life’s changing needs.” With Guwahati emerging as a financial hub in the Northeast, demand for flexible insurance products is on the rise. Financial planners in the region view Tata AIA’s new plan as a viable solution for individuals seeking customized savings and protection. As more people prioritize financial preparedness, products like the Shubh Flexi Income Plan offer structured benefits tailored to diverse aspirations. The Shubh Flexi Income Plan is positioned to help young professionals, families, and retirees achieve financial independence, aligning with Tata AIA’s commitment to making consumers “HarWaqtKeLiyeTaiyaar”—prepared for every phase of life.