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Tata AIA Shubh Maha Life Plan

Introducing the Tata AIA Shubh Maha Life Plan, a comprehensive life insurance solution designed to align with your long-term financial objectives. You can tailor this plan to suit your financial goals, be it future commitments, deferred income for life’s evolving needs, or regular income after retirement this plan provides the flexibility to choose the option that aligns with your financial requirements.

Key features of Tata AIA Shubh Maha Life Plan

Higher Life Cover:

Choose the duration of your higher life cover with the flexibility to select your Higher Cover End Age (HCEA) between 50 to 70 years, ensuring coverage until your preferred age.
Higher Cash Bonuses¹ through Deferment:

If you defer your income payouts, the plan offers the potential to earn higher cash bonuses, thereby increasing your overall maturity value.
Earn Bonus:

Receive additional accrued reversionary bonus² payouts along with the cash bonus.
Multiple Plan Options:

Choose Lump Sum, Deferred Income, or Retirement Income based on your financial goals and needs.
Lifetime Retirement Income:

With the Retirement Income plan option, you receive an assured income for life, providing stability and peace of mind during your retirement years.
Exclusive Premium Discounts:

Enjoy special discounts for women policyholders and family members⁴ of existing Tata AIA customers.
Combine Benefit Options:

You can opt for a combination of two or more plan options to create a personalized benefit structure that supports your financial goals at different life stages.

Plan Options Under Tata AIA Shubh Maha Life

The Tata AIA Shubh Maha Life Plan offers three plan options to support your evolving financial goals.

Lumpsum

Get a lumpsum payout on policy maturity, including reversionary bonuses and terminal bonuses (if declared).
Deferred Income

Receive regular cash bonuses along with Reversionary Bonus payout after the completion of the Deferment period till the end of the policy term, along with maturity benefit.
Retirement Income

Get regular Cash Bonuses and Accrued Reversionary Bonus payout starting from ages 51, 56, 61, 66, or 71, as per your choice, until the end of the policy term, plus a lump sum amount at policy maturity.

Benefit Illustration

Tata AIA Shubh Maha Life works by offering flexible options to suit different life stages and financial needs. Here’s how they work:

Lump sum
Deferred Income Plan
Retirement Income Plan

This option helps you save regularly and receive a one-time substantial payout at the end of the policy term. It's a suitable option if you're planning for goals like retirement, buying a home, or funding your child’s education.

How it Works

You pay regular premiums for a specific number of years.
If you complete all payments and stay invested till the end of the term, you’ll receive a lump sum amount.
Starting from the 3rd year, your plan may also earn yearly bonuses, which are added to your final payout.

Example

Mr. Reddy, aged 30, chooses the lump sum option and pays ₹50,000 every year for 10 years. He stays invested throughout the 30-year policy term. At the end of the term, he receives a lump sum payout that includes the maturity amount along with any bonuses that may have been added over the years.

This plan helps you save regularly and receive income later, along with a lump sum payout at the end of the policy term. It is suitable for those who want to plan for retirement or future financial stability, with the benefit of a steady income after a few years.

How it Works

You pay regular premiums for a fixed number of years
You also select a Deferment Period — a waiting time (minimum 10 years) during which no income is paid out.
Once the deferment period ends, you start receiving annual income payouts. These payouts come from bonuses declared by the insurer.
At the end of the policy term, you receive a lump sum payout, which includes the sum assured on maturity and any accumulated bonuses.

Example

Mr. Verma, aged 35, chooses the Deferred Income Plan and pays ₹1,00,000 every year for 10 years. He selects a 12-year deferment period, which means he will not receive any payouts during the first 15 years.

From the 13th year onwards, he starts receiving annual income payouts as declared by the insurer.
At the end of the 30-year policy term, he receives a lump sum amount, which includes his assured maturity benefit, and any bonuses accumulated over the years.

This plan helps you save funds while you work and then provides you with a steady income after you retire. You also get a lump sum amount at the end of the plan.

How It Works:

You pay regular premiums for a certain number of years.
You choose an age between 50 and 70 (in steps of 5 years) till when you want the higher cover . This is called the Higher Cover End Age.
After you reach that age, and if all your premiums are paid, you start getting yearly income payments basis the income start year selected. These payments are made from bonuses declared by the insurer.
When the plan ends, you get a lump sum amount, which includes your maturity amount and any bonuses earned.

This plan gives you regular payouts after retirement and a final payout at the end.

Example

Ayush is 30 years old. He chooses this plan and pays ₹1,06,850 every year for 10 years. He picks age 50 as the higher cover end age. And income start year as 61, Ayush begins to get yearly payments from bonuses (if declared). At the end of the plan, he receives a lump sum amount that includes his maturity payout and bonuses.

Combine Plan Options for More Flexibility

You can combine multiple options under the plan to meet different financial goals. For instance, you may choose Deferred Income for child-related expenses and Lumpsum for retirement planning.

Eligibility Criteria for Shubh Maha Life Plan

Parameter	Details
Entry Age	You must be between 18 and 55 years old to start the plan.
Maturity Age	You can choose to receive the lump sum when you turn 60, 65, 70, 75, 85, or 100 years old.
Premium Payment Term (PPT)	You can choose to pay premiums for 6,7,10 12, 15 years or Pay till selected Higher Cover End Age
Policy Term (PT)	Your policy term will be a minimum of 20 years and can go up to 100 minus your entry age.
Higher Cover Ending Age	You can choose the age till which you want higher life cover: 50, 55, 60, 65, or 70 years.
Basic Sum Assured	The minimum sum assured is ₹1,20,000. There's no upper limit, but it depends on the insurer’s approval.
Minimum Annual Premium	Starts from ₹12,000 per year. No maximum limit (subject to insurer approval).
Premium Payment Modes	You can pay your premiums annually, half-yearly, quarterly, or monthly.
Bonus/Survival Benefit Payout Frequency	Payouts (if applicable) can be made monthly, quarterly, half-yearly, or yearly, either in advance or after the due period.

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1.What is the Tata AIA Shubh Maha Life Plan?
Tata AIA Shubh Maha Life plan is a life insurance savings plan offering lump sum or regular income options, plus life cover and bonuses. The plan is suitable for long-term goals like retirement, education, or wealth creation.

2.Is it good to take Tata AIA Shubh Maha Life Plan?
Tata AIA Shubh Maha Life plan can be a right choice for long-term savings with life cover. It offers flexibility, steady returns, and bonus additions.

3.What are benefits of Tata AIA Shubh Maha Life Plan?
The plan offers life cover, flexible payout options, potential bonuses, maturity benefits, and tax benefits under Sections 80C and 10(10D).

4.What are the available add-ons in Tata AIA Shubh Maha Life Plan?
The add-ons available with Tata AIA Shubha Maha Life Plan are Waiver of Premium on Accidental Total Permanent Disability and Waiver of Premium on Critical Illness.

5.Does Shubh Maha Life Plan offer maturity or survival benefits?
Yes. All plan options offer maturity benefits. Survival benefits like regular income apply in Deferred and Retirement Income options after the deferment or retirement age.

6.Who should consider investing in Tata AIA Shubh Maha Life Plan?
Individuals planning for retirement, child’s education, or long-term savings with life cover can consider this plan. It’s suitable for those seeking stable returns, financial security, and tax benefits.

6.Is Tata AIA Shubh Maha Life Plan eligible for tax benefits under 80C and 10(10D)?
Yes, it offers tax benefits on premiums under Section 80C and on payouts under Section 10(10D), as per tax laws.

Tata AIA Shubh Maha Life Plan - Individual, Non-Linked, Participating, Life Insurance Savings Plan (UIN: 10NxxxV01)
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
²Accrued reversionary bonus will be paid out in equal installments along with the cash bonus.
³ Income 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.
⁴ Family 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/July/xxxx