Tata AIA Life Insurance Co. Ltd. has introduced the Shubh Flexi Income Plan, a non-linked, participating life insurance savings solution designed to offer financial security with adaptability. The plan caters to diverse financial needs, combining wealth creation with built-in protection benefits.
The plan offers three options: Endowment Option for long-term savings with a lump sum payout, Early Income Option for regular cash flow from the first year, and Deferred Income Option for accumulating wealth with flexible payout deferral. Policyholders benefit from waived future premiums in case of unforeseen events, along with the Cover Continuance Benefit, ensuring financial stability for beneficiaries. Additional features include the ‘Sub Wallet’ for accumulating bonuses, Smart Lady Benefit for women, and family discounts for policyholders’ nominees.
For FY 2024, Tata AIA declared a ₹1,465 crore bonus, marking a 24% growth over the previous year, reinforcing its strong financial performance. Guwahati’s rising economic profile has led to growing interest in flexible insurance solutions. Financial advisors in the city highlight the Shubh Flexi Income Plan as a strategic choice for individuals planning long-term wealth growth and protection, aligning with evolving financial goals.
