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Tata AIA Life Insurance has launched Tata AIA Shubh Flexi Income Plan, a life insurance cum savings plan.
The Shubh Flexi Income Plan is a non-linked, participating life insurance savings plan. The plan comes with three options:
- Endowment Option – This option gives you a lump sum payout at the end of the plan
- Early Income Option—For those who seek a regular cash flow, this option provides yearly cash bonuses from the first year of the plan
- Deferred Income Option – This option allows cash bonuses after the premium payment term with the flexibility to defer payouts for enhanced growth.
Also, the plan offers a special discount for female policyholders and an additional discount to the family members and nominees of the existing policyholders.
In a press release, Sujeet Kothare, Executive Vice President, Head – Products, Business Mid Office and Digital Marketing, Tata AIA Life says, "Consumers today are looking for solutions that grow with them, providing both peace of mind and opportunities for wealth creation. The plan is designed to empower individuals to take control of their financial future, offering guaranteed benefits along with the agility to adapt to life’s changing needs. Our vision is to ensure that every policyholder feels confident in their journey towards financial independence, knowing they have a partner who understands their aspirations and supports them at every stage."