Tata AIA Life Insurance has launched Tata AIA Shubh SIP, a unit-linked insurance plan (ULIP) that combines market-linked wealth creation, family protection and retirement planning in a single long-term financial solution. The plan is designed to provide flexibility as financial priorities change through different stages of life.
Tata AIA Shubh SIP offers market-linked investment opportunities with Loyalty Additions and Maturity Boosters, subject to applicable terms and conditions. Its protection features include Waiver of Premium benefits with 1X, 2X and 3X options, while the Family Income Continuation Benefit provides additional monthly income to dependents. The Retirement/Whole Life option allows policyholders to build a retirement corpus and opt for an automatic Systematic Withdrawal Plan from age 60. Partial withdrawals and an Automatic Partial Withdrawal Facility are also available.
Commenting on the launch, Jeelani Basha, Chief Business Officer – Partnership Distribution and Group Business, Tata AIA Life Insurance, said, “Financial priorities do not remain constant throughout life… With Tata AIA Shubh SIP, our aim was to bring these evolving needs together within one flexible solution.”
