Shubh Flexi Pension plan

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Plan Snapshot

Personalise your plan as per your priorities.

Multiple options

Choose from 5 annuity options that suit your retirement needs
Enjoy long-life cover till 100 years of age
Flexi premiums
Single/Annual/Half-yearly/Quarterly/ Monthly

Variable Annuity

Variable Annuity⁷ offers the potential for higher payouts by linking a portion of your annuity to market indices, allowing you to participate in upside growth.
Flexible Guaranteed Annuity²
Choose the portion of your annuity (60%–90%) to be guaranteed at inception and enjoy assured, predictable payouts for life.
Flexible %ROPP
Flexible Return of Purchase Price³ (ROPP) in the range of 50% to 100% in the multiples of 5, to balance income and capital return

Benefits of Tata AIA Shubh Flexi Income Plan

The Annuity Options available under this product are:

Immediate Life Annuity

A life-long annuity with payments starting immediately and no death benefit.
Immediate Life Annuity with Y % of Return of Purchase Price

A life-long annuity with payments starting immediately, plus the flexibility to choose the proportion (Y%) of Premiums Paid to your nominee on death.
Deferred Life Annuity with Y% of Return of Purchase Price

A life-long annuity with payments starting after the deferment period, plus the flexibility to choose the proportion (Y%) of Premiums Paid to your nominee on death.
Immediate Life Variable Annuity with Return of Purchase Price

A flexible option that lets you choose the mix of guaranteed and variable annuity, with annuity starting immediately and full return of Premium on death.
Deferred Life Variable Annuity with Return of Purchase Price

A flexible option that lets you choose the mix of guaranteed and variable annuity, with annuity starting after the deferment period and full return of Premium on death.
Choice of Annuity Payouts

The annuity will be paid out in arrears or advance as per the frequency you choose. Not only can you receive the annuity on an annual, half-yearly, quarterly, or monthly basis but you can also change the frequency at the immediate next policy anniversary.
Sub-Wallet

You have an option to receive to annuity in hand or in a Sub-Wallet⁶. You can fix/amend the proportion of annuity to be received in Sub-Wallet. You can also withdraw the annuity fully or partially from the Sub-wallet any time using My DigiAccount or by visiting our branch.
Exclusive Discounts

An additional 1.50% annuity rate is offered to existing Tata AIA Life Insurance customers & family members⁵ of existing Tata AIA customers.
Rider Benefit

Enhance the coverage of your annuity plan by choosing from the four riders⁸. You can add them to your base policy at the time of inception or at any policy anniversary, provided the rider policy term does not exceed the base policy’s tenure.

Highlights of Tata AIA Shubh Flexi Pension Plan – Annuity Plan

Comprehensive Annuity solution

Apart from lifelong annuity payouts, the plan offers flexible annuity options to help you secure regular income and create long-term financial stability for you and your family.
Variable Annuity

The potential for higher payouts by linking a portion of your annuity to market indices, allowing you to participate in upside growth.
Flexible Premium Payment Modess

You can make the premium payment on an annual, half-yearly, quarterly, or monthly basis. Moreover, there will be no modal loading on the single premium rate or the annual premium rate.
Flexible Return of Premium option

Choose the % Return of the Purchase Price from 50% to 100% in the multiples of 5, as per your life needs.
Death Benefit

Sum Assured on Death as applicable will be payable to your nominee.
Tax Benefit

Get Tax Benefit⁹as per applicable tax laws

List of Riders Available with the Solution

You can add the following rider(s) mentioned below to your base policy.

Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN:110B033V04 or any other later version)
Tata AIA Life Insurance Non-Linked Comprehensive Health Rider (UIN: 110B031V03 or any other later version)
Tata AIA Vitality Health (UIN: 110B045V03 or any later version)
Tata AIA Vitality Protect (UIN: 110B046V04 or any later version)

Check Eligibility and Documents Required

Eligibility Criteria

	Minimum¹	Maximum¹
Entry Age	For PoS Option 2: 40 years Other than POS All options – 30 years last birthday	For PoS Option 2: 70 years Other than POS Option 1, 2 & 4 – 85 years last birthday Option 3 & 5 – 84 years last birthday Subject to Annuity starting at a maximum age of: -85 years if entry age is greater than 60 years. -70 years if entry age is less than or equal to 60 years.
Premium Payment Term	Option 1, 2 & 4: Single Pay Option 3 & 5: Single Pay Regular Pay and Limited Pay: 5 years	Option 1, 2 & 4: Single Pay Option 3 & 5: Single Pay Regular Pay and Limited Pay: 12 years The annuitant(s) can choose any integer premium payment term between minimum and maximum ranges
Deferment Period (For options 3 & 5 only)	Single Pay: 1 year Regular Pay: Equal to PPT Limited Pay: Premium Payment Term + 1	Single Pay: 20 years Regular Pay: Equal to PPT Limited Pay: Premium Payment Term + 20 years
Maturity Age	Not applicable
Annuity Amount²(Rs.)	Yearly in arrears/Advance: ₹ 12 (in ‘000s) Half Yearly in arrears/advance: ₹ 6 (in ‘000s) Quarterly in arrears/advance: ₹ 3 (in ‘000s) Monthly in arrears/advance: ₹ 1 (in ‘000s) The minimum annuity instalment provided above shall be complied in all policy years.	No limit, subject to Board Approved Underwriting Policy
Purchase Price³	Corresponding to minimum annuity amount above	As per maximum annuity chosen
Group size	5	No Limit

¹Any reference to Age is as on last birthday.

²The minimum annuity instalment provided in the table above shall be complied in all policy years.

³The Purchase Price referred in the table above means total of all the premiums payable, excluding extra premium, any rider premium, taxes and other statutory levies, if applicable.

How Does This Plan Work?

The Tata AIA Life Insurance Shubh Flexi Pension Plan offers 5 annuity options –

Immediate Life Annuity:
Immediate Life Annuity with Y % of Return of Purchase Price:
Deferred Life Annuity with Y% of Return of Purchase Price:
Immediate Life Variable Annuity with Return of Purchase Price:
Deferred Life Variable Annuity with Return of Purchase Price:

Step 2 – Select the Premium Payment Term and Deferment period

Premium Payment Term

Option 1, 2 & 4:

Single Pay

Option 3 & 5:

Single Pay
Regular Pay and Limited Pay: 2 years

Option 1, 2 & 4:

Single Pay

Option 3 & 5:

Single Pay
Regular Pay and Limited Pay: 12 years

The annuitant(s) can choose any integer premium payment term between minimum and maximum ranges

Deferment Period

(For options 3 & 5 only)

Single Pay: 1 year

Regular Pay: Equal to PPT

Limited Pay: Premium Payment Term + 1

Single Pay: 20 years

Regular Pay: Equal to PPT

Limited Pay: Premium Payment Term + 20 years

Step 3 – Receive Annuity Payouts²as per the chosen Payout Mode.

Frequency	Annuity Instalment (per frequency)
Annually in arrears	100% of Yearly Annuity
Half-yearly in arrears	98% of Yearly Annuity x ½
Quarterly in arrears	97% of Yearly Annuity x ¼
Monthly in arrears	96% of Yearly Annuity x 112
Annually in advance	93% of Yearly Annuity
Half-yearly in advance	94.5% of Yearly Annuity x ½
Quarterly in advance	95% of Yearly Annuity x ¼
Monthly in advance	95.5% of Yearly Annuity x 112

The complete name of Tata AIA Shubh Flexi Pension Plan is Tata AIA Life Insurance Shubh Flexi Pension Plan (UIN: 110N209V01) - A Non-Linked, Non-Participating Annuity Plan (Individual/Group)
¹Return of Purchase price means return of all premiums paid excluding any extra premium, any rider premium, taxes and other statutory levies, if applicable.
²Guaranteed Annuity Percentage must be selected at the time of purchase and once selected it cannot be changed later.
³Choice to select the Percentage of Return of Premium must be selected at the time of purchase and once selected it cannot be changed later.
⁴Annuity payouts are based on Guaranteed annuity percent, and the variable annuity may fluctuate with market index results (If Variable Annuity Option opted)
⁵Family Discount is available for Family Members of existing customers
⁶The Sub-wallet will earn a loyalty addition that will accrue on a monthly compounded basis. The loyalty addition rate shall be at which RBI absorbs liquidity which currently is the Standing Deposit Facility (SDF) rate. The current Standing Deposit Facility rate is 5.25% p.a. and the same shall be reviewed bi-monthly.
⁷In case of variable annuity pay-out option, investment risk is partially borne by the policyholder or annuitant.
⁸Rider is not mandatory and is available for a nominal extra cost. For more details on benefits, premiums, and exclusions under the Rider, please contact Tata AIA Life's Insurance Advisor/ branch.
⁹No Goods and Service Tax shall be applicable on Individual life insurance products as per prevailing laws.Tax laws are subject to amendments from time to time. If any imposition (tax or otherwise) is levied by any statutory or administrative body under the Policy, Tata AIA Life Insurance Company Limited reserves the right to claim the same from the Policyholder. Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. The Tax-Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
Product Option “Immediate Life Annuity with Y % of Return of Purchase Price” is available under PoS as well.
This product is underwritten by Tata AIA Life Insurance Company Ltd. The plan is not a guaranteed issuance plan, and it will be subject to company’s underwriting and acceptance. Insurance cover is available under this product.
For more details on risk factors, terms and conditions please read Sales Brochure carefully before concluding a sale
L&C/Advt/2026/Feb/1435

Plan Snapshot

Multiple options

Choose from 5 annuity options that suit your retirement needs

Enjoy long-life cover till 100 years of age

Flexi premiums
Single/Annual/Half-yearly/Quarterly/ Monthly

Benefits of Tata AIA Shubh Flexi Income Plan

Immediate Life Annuity

Immediate Life Annuity with Y % of Return of Purchase Price

Deferred Life Annuity with Y% of Return of Purchase Price

Immediate Life Variable Annuity with Return of Purchase Price

Deferred Life Variable Annuity with Return of Purchase Price

Choice of Annuity Payouts

Sub-Wallet

Exclusive Discounts

Rider Benefit

Highlights of Tata AIA Shubh Flexi Pension Plan – Annuity Plan

Comprehensive Annuity solution

Variable Annuity

Flexible Premium Payment Modess

Flexible Return of Premium option

Death Benefit

Tax Benefit

List of Riders Available with the Solution

Check Eligibility and Documents Required

How Does This Plan Work?

Plan Snapshot

Multiple options Choose from 5 annuity options that suit your retirement needs

Enjoy long-life cover till 100 years of age

Flexi premiums Single/Annual/Half-yearly/Quarterly/ Monthly

Benefits of Tata AIA Shubh Flexi Income Plan

Immediate Life Annuity

Immediate Life Annuity with Y % of Return of Purchase Price

Deferred Life Annuity with Y% of Return of Purchase Price

Immediate Life Variable Annuity with Return of Purchase Price

Deferred Life Variable Annuity with Return of Purchase Price

Choice of Annuity Payouts

Sub-Wallet

Exclusive Discounts

Rider Benefit

Highlights of Tata AIA Shubh Flexi Pension Plan – Annuity Plan

Comprehensive Annuity solution

Variable Annuity

Flexible Premium Payment Modess

Flexible Return of Premium option

Death Benefit

Tax Benefit

List of Riders Available with the Solution

Check Eligibility and Documents Required

How Does This Plan Work?

Disclaimers

Multiple options

Choose from 5 annuity options that suit your retirement needs

Flexi premiums
Single/Annual/Half-yearly/Quarterly/ Monthly