Tata AIA Life Insurance has launched a new product called Shubh Shakti, specifically designed for women. This plan offers a life cover, providing financial protection to the policyholder and their family. The Shubh Shakti plan is tailored to meet the unique needs of women, acknowledging their evolving roles and responsibilities in today’s society.
The plan offers a range of benefits, including a life cover, which provides a lump sum payment to the nominee in the event of the policyholder’s untimely demise. This ensures that the family’s financial well-being is protected, even in the absence of the primary breadwinner. Additionally, the plan provides a waiver of premium benefit, which waives off future premium payments in the event of the policyholder’s death or diagnosis of a critical illness.
Tata AIA’s Shubh Shakti plan also offers a flexible premium payment option, allowing policyholders to pay premiums at their convenience. The plan is available in two variants: Shubh Shakti and Shubh Shakti Plus. The Shubh Shakti Plus variant offers an additional benefit of a lump sum payment on diagnosis of a critical illness, providing financial support during a challenging time.
The launch of Shubh Shakti is a significant move by Tata AIA, as it recognizes the importance of women’s financial independence and security. The plan is designed to empower women, providing them with a sense of financial freedom and confidence. By offering a comprehensive life cover and other benefits, Tata AIA aims to encourage more women to take control of their financial lives and secure their future.
The Shubh Shakti plan is available for women aged 18-55 years, with policy terms ranging from 10 to 30 years. The plan can be purchased online or through Tata AIA’s authorised agents and distributors. With the launch of Shubh Shakti, Tata AIA has reinforced its commitment to providing innovative and customer-centric insurance solutions, addressing the unique needs of women in India.
Overall, the Shubh Shakti plan is a significant offering from Tata AIA, catering to the growing demand for women-centric insurance products. By providing a comprehensive life cover and other benefits, the plan aims to empower women and provide them with financial security, independence, and peace of mind. As the Indian insurance market continues to evolve, products like Shubh Shakti are likely to play a crucial role in promoting financial inclusion and security for women.