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Tata AIA Shubh Flexi Income Plan
Introducing the Tata AIA Shubh Flexi Income Plan, a customizable savings plan that adapts to your financial goals, whether ensuring steady income for daily needs or planning for a comfortable retirement. With built-in financial security and growth potential, this plan empowers you to plan with confidence, offering peace of mind for you and your loved ones.
Benefits at a glance
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![Lower Premium Rates for Women - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme]( "Lower Premium Rates for Women - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme")
Advance Income Feature
Start receiving income within 3 days of policy issuance to easily meet your financial needs effortlessly.
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![Death Benefit Pay-out - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme]( "Death Benefit Pay-out - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme")
Flexible Plan Options
Select one or more plan options to suit your financial objectives.
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![Flexibility to Choose Plan Option - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme]( "Flexibility to Choose Plan Option - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme")
Sub-Wallet2 for Income Growth
Watch your income grow with the flexibility to withdraw anytime, giving you full control over your payouts.
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![Option to get Income Pay-outs - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme]( "Option to get Income Pay-outs - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme")
Premium Offset
Pay policy premium through cash bonus1 (if declared), as applicable.
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![Maturity Benefits - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme]( "Maturity Benefits - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme")
Receive Regular Bonuses
Get the benefit of regular reversionary or cash1 bonuses (if declared), enhancing your policy's value over time.
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![Top-Up Sum Assured - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme]( "Top-Up Sum Assured - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme")
Cover Continuance
Get Waiver of future premiums upon the death of the Life Assured, along with an immediate lumpsum Death Benefit, while ensuring that future benefits continue8 to the nominee.
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![Income Term and Payment Flexibility - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme]( "Income Term and Payment Flexibility - Highlights of Tata AIA Life Insurance Sampoorna Raksha Supreme")
Waiver of Premium
Get waiver of future premiums on death of proposer, with continued future benefits.
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Flexible Life Cover
Get the flexibility9 to customize your coverage amount according to your needs, whether you prefer a higher or lower coverage amount.
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Special Women's Discount
Women policyholders get an additional 2% discount on the first-year premium.
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Family Discount
Family members of existing policyholders get and an additional 4% discount10 on the first-year premium.
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Optional Rider Benefits
Expand your coverage with optional riders3 like Accidental Death Benefits, Accidental Total & Permanent Disability Cover under Tata AIA Vitality
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Tax Benefits
Avail tax4 deductions on premiums paid under Section 80C and maturity benefits under Section 10(10D) and save more.
Plan Options
Tata AIA Shubh Flexi comes with three plan options to meet your unique financial needs.
1. Endowment Plan – Secure Your Future with a Lump Sum
This option is designed for those who want to create a financial corpus for the future while also enjoying life coverage during the policy term. It provides a lump sum payout at the end of the policy term, which includes the sum assured on maturity, any accrued bonuses, and a terminal bonus (if declared).
How It Works:
Premium Payment: You pay premiums for a fixed term (e.g., 10 years) under this option.
Maturity Benefit: At the end of the policy term, you receive a lump sum, which includes:
Sum Assured on Maturity: The guaranteed maturity amount that was agreed upon when you bought the policy.
Accrued Simple Reversionary Bonuses: Reversionary bonuses accumulated during the policy term
Terminal Bonus (if declared): An additional bonus paid at the end of the policy term.
Suitable for: Those looking for a payout at maturity with long-term financial security.
2. Early Income Plan – Get Annual Payouts While You Pay Premiums
This option is perfect for individuals who need regular income starting immediately after the policy issuance to meet their ongoing financial needs. You also get a lump sum at the end of the policy term.
How It Works:
Premium Payment: You pay premiums for a fixed term (e.g., 10 years).
Income Payout: The policyholder receives cash bonus (if declared) starting immediately (or deferred by up to 5 years).
Lump Sum Payout: At the end of the policy term, the policyholder also receives a lump sum that includes the sum assured on maturity, and a terminal bonus (if declared).
Suitable for: Individuals seeking periodic income while building long-term wealth.
3. Deferred Income Plan – Enjoy a Cash Bonus After Your Premium Term Ends
This option is suited for individuals who want to receive income after the premium payment term ends and continue to receive it for policy term. It also provides a lump sum payout at the end of the policy term.
How It Works:
Premium Payment: The policyholder pays premiums for a fixed term (e.g., 12 years).
Income Payout: Once your premium payment term ends, you will start receiving regular cash bonuses (in advance or arrears) if declared.
Accrued Bonuses: Any bonuses accumulated during the deferment period.
Lump Sum Payout: At maturity, receive a lump sum payout, including the Sum Assured on Maturity, balance in the sub-wallet, and Terminal Bonus (if declared).
Suitable for: Those who want to secure future income and ensure financial stability post-retirement.
Eligibility Criteria
Plan Parameters |
Minimum |
Maximum |
||||
Age at Entry |
0 days |
65 years |
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Age at Maturity |
Cover till Age 100: 100 years Other than Cover till Age 100: 18 years |
Cover till Age: 100 years Other than Cover till age 100: 85 years |
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Option |
Other than Cover till Age 100 |
Cover till Age 100 |
Other than Cover till Age 100 |
Cover till Age 100 |
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Premium Payment Term (PPT) |
Option 1 – Endowment |
Limited Pay – 5 to 12 years Regular Pay: Same as Policy term Single Pay |
NA |
Limited Pay – 5 to 12 years Regular Pay: Same as Policy term Single Pay |
NA |
|
Option 2- Early Income |
Limited Pay: 5 years Regular Pay: Same as Policy term Single Pay |
Limited Pay: 5 years |
Limited Pay: 12 years Regular Pay: Same as Policy term Single Pay |
Limited Pay: 12 years |
||
Option 3- Deferred Income |
Limited Pay: 5 years |
Limited Pay: 12 years |
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Option |
Other than Cover till Age 100 |
Cover till Age 100 |
Other than Cover till Age 100 |
Cover till Age 100 |
||
Policy Term (PT) |
Option 1 – Endowment |
10 years |
NA |
50 years |
NA |
|
Option 2- Early Income |
10 Years |
Limited Pay: 100 minus Entry Age Regular Pay/Single Pay: NA |
Limited Pay: 50 years, 60 – Entry Age, 85-Entry Age Regular Pay/Single Pay: 50 years |
Limited Pay: 100 - Entry Age Regular Pay/Single Pay: NA |
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Option 3- Deferred Income |
Limited Pay: 10 Years Regular Pay/Single Pay: NA |
100 minus Entry Age |
Limited Pay: 50 years, 60 – Entry Age, 85-Entry Age Regular Pay/Single Pay: BA |
100 – Entry Age |
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Basic Sum Assured |
Other than Single Pay: Age at Entry less than 50 years: ₹ 84,000 Age at Entry 50 years and Above: ₹ 60,000 Single Pay: ₹ 15,000
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No Limit, subject to the Board Approved Underwriting Policy (BAUP)
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Premium (Rs.) (excluding discount) |
Rs. 12,000 per annum |
No limit, subject to the Board Approved Underwriting Policy |
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Premium Payment Mode |
Annual / Half-yearly / Quarterly / Monthly |
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Income/Survival Benefit frequency |
Annually in Advance/ Half-yearly in Advance / Quarterly in Advance / Monthly in Advance / Annually in Arrears / Half-yearly in Arrears / Quarterly in Arrears / Monthly in Arrears |
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Any reference to Age is as on last birthday
Why Choose Tata AIA Life?
85 Lakh+
Families Protected5
500+ Branches
Presence across major cities in India
99.13%
Individual Death Claim Settlement Ratio6
4 Hour
Express Claim Settlement7
7T&C apply
Frequently Asked Questions
What is the Tata AIA Shubh Flexi Income Plan?
The Tata AIA Shubh Flexi Income Plan is a customizable life insurance savings plan that adapts to your financial needs at different stages of life. It offers flexibility in choosing and combining multiple plan options to meet various financial goals, such as securing your family’s financial future, ensuring regular income, or saving for retirement. The plan also provides life coverage, ensuring peace of mind for you and your loved ones.
What are the different plan options for income payouts under this plan?
The different plan options are as follows:
- Endowment: Secure a lumpsum payout on maturity, enhanced with bonuses.
- Early Income: Receive regular cash bonuses (if declared) during the premium payment term, with the option to defer for up to 5 years.
- Deferred Income: Get regular cash bonuses (if declared) after the premium payment term, with the option to defer for up to 5 years.
Who should purchase this insurance plan?
The plan suits salaried people, professionals, parents planning for their child's future, and investors desiring long-term financial accumulation with better returns.
Can I pay premiums monthly under the Tata AIA Shubh Flexi Income Plan?
Yes, premiums can be paid monthly, quarterly, semi-annually, or annually based on the chosen premium payment mode.
How long do I need to pay premiums for the Tata AIA Shubh Flexi Income Plan?
The premium payment term varies depending on the policy option chosen and policy term chosen. It can range from 5 years to 12 years under limited pay and 10 years to 50 years under regular pay. You can also choose to opt for single premium.
What is the Cover Continuance Benefit in the Tata AIA Shubh Flexi Income Plan?
If the policyholder dies, future premiums are waived, and the policy continues to provide benefits to the nominee.
What tax benefits can I avail under the Tata AIA Shubh Flexi Income Plan?
You can claim tax4 deductions on premiums under Section 80C, and the maturity benefits are tax-free under Section 10(10D).
Can I withdraw the amount from the Sub-Wallet at any time?
Yes, the balance in the Sub-Wallet1 can be withdrawn partially or fully at any time during the policy term.
Disclaimer
Tata AIA Shubh Flexi Income Plan (UIN: 110N207V02) - Individual, Non-Linked, participating, Life Insurance Savings Plan
1Cash bonuses (if declared) may be opted to be paid out at the end of the chosen pay-out frequency or as premiums offset. Alternatively, the cash bonus (if declared) can be chosen to be accumulated and paid out on maturity, death or surrender. Cash bonuses are applicable for Early income and Deferred income option. Please refer Brochure for additional details
2Only available with cash bonus option. The current loyalty addition rate on the Sub-wallet will be 6.00% compounding monthly. 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 6.00% p.a. and the same shall be reviewed bi-monthly. The Company may in future change the reference rate from Standing Deposit Facility rate to some other index.
3Rider 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.
Tata AIA Life Insurance Non-Linked Comprehensive Protection Rider (UIN: 110B033V04 or any other later version), Tata AIA Vitality Protect (UIN: 110B046V04) or any other later version, Tata AIA Vitality Health (UIN: 110B045V03) or any other later version, Tata AIA Benefit Protection Rider (UIN: 110B049V03) or any later version are available under this plan.
4Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. 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.
585,76,889 families protected till 31st December 2024.
6Individual Death Claim Settlement Ratio is 99.13% for FY 2023-24 as per the latest annual audited figures.
7Applicable to only non-early claims more than 3 years of policy duration, non-investigation cases, up to Sum assured of 50 lacs. Applicable for branch walk in. Time limit to submit claim to Tata AIA by 2 pm (working days). Subject to submission of complete documents. Not applicable to ULIP policies and open title claims.
8Participation by customers for add on features shall be on voluntary basis. To avail Waiver of Premium Benefit, proposer and Life Insured should not be the same person and to avail Cover Continuance Benefit, proposer and Life Insured should be the same person
9Choose from 7x /11x annualized premium as life cover for age < 50 years and 11x/7x/5x annualized premium as life cover for age >= 50 years
10Family Discount is available for Family Members of existing customers
This product is underwritten by Tata AIA Life Insurance Company Ltd. Insurance cover is available under this product. This plan is not a guaranteed issuance plan, and it will be subject to Company’s underwriting and acceptance.
Risk cover commences along with policy commencement for all lives, including minor lives. Buying a Life Insurance Policy is a long-term commitment. An early termination of the Policy usually involves high costs, and the Surrender Value payable may be less than the all the Premiums Paid. In case of non-standard lives and on submission of non-standard age proof, extra premiums will be charged as per our underwriting guidelines. All Premiums and interest payable under the policy are exclusive of applicable taxes, duties, surcharge, cesses, or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium or interest. Tata AIA Life shall have the right to claim, deduct, adjust, and recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy.
The risk factors of the bonuses projected under the product are not guaranteed.
Past performance doesn't construe any indication of future bonuses, and
These products are subject to the overall performance of the insurer in terms of investments, management of expenses, mortality and lapses.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale.
L&C/Advt/2025/Mar/1124
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