Tata AIA Life Insurance has introduced a new life insurance cum savings plan called the Tata AIA Shubh Flexi Income Plan. This non-linked, participating plan offers policyholders three options to choose from, catering to different financial needs and goals. The options include:
- Endowment Option: Provides a lump sum payout at the end of the plan, allowing policyholders to receive a single payment.
- Early Income Option: Offers yearly cash bonuses from the first year of the plan, providing a regular cash flow.
- Deferred Income Option: Allows policyholders to defer cash bonuses after the premium payment term, giving them the flexibility to enhance their wealth growth.
The plan also offers special discounts to female policyholders, as well as additional discounts to family members and nominees of existing policyholders. According to Sujeet Kothare, Executive Vice President of Tata AIA Life, the plan is designed to provide individuals with a sense of financial security and flexibility, allowing them to adapt to changing life circumstances.
The Tata AIA Shubh Flexi Income Plan aims to empower policyholders to take control of their financial future, offering guaranteed benefits and the agility to make adjustments as needed. The plan’s flexibility and customization options make it an attractive choice for individuals seeking a life insurance cum savings plan that can grow with them.
By launching this plan, Tata AIA Life Insurance is responding to the evolving needs of consumers, who are seeking solutions that provide both financial protection and opportunities for wealth creation. With its unique features and benefits, the Tata AIA Shubh Flexi Income Plan is poised to become a popular choice among individuals seeking a reliable and flexible life insurance cum savings plan. Overall, the plan is designed to support policyholders in achieving financial independence and realizing their aspirations.