Tata AIA Life Insurance has introduced the Shubh Flexi Income Plan, a non-linked, participating life insurance savings product designed to offer both flexible financial security and long-term wealth creation.
The new plan provides three distinct options tailored to meet different financial needs: the Endowment Option for long-term savings, the Early Income Option which offers regular cash flow starting in the first year, and the Deferred Income Option aimed at wealth accumulation and early retirement planning.
Key features of the plan include built-in protection elements, such as the Waiver of Premium Option, which guarantees continued benefits even if the policyholder passes away. Additionally, the Cover Continuance Benefit ensures that future premiums are waived, while still providing death benefits and bonuses.
The Shubh Flexi Income Plan also boasts a unique ‘Sub Wallet’ feature, allowing policyholders to accumulate bonuses. The plan offers additional benefits, including discounts for female policyholders and family members of existing policyholders.
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