The plan offers access to market-linked investment opportunities, along with Loyalty Additions and Maturity Boosters, subject to applicable policy terms and conditions. Tata AIA has partnered with Policybazaar to make Shubh SIP available digitally, providing customers with a convenient platform to explore the solution.
According to Jeelani Basha, Chief Business Officer – Partnership Distribution and Group Business, Tata AIA Life Insurance, the product is designed around the changing financial needs individuals face at different stages of life, from building wealth and protecting family responsibilities to planning for retirement income.
Tata AIA Shubh SIP includes Waiver of Premium benefits with 1X, 2X and 3X options, depending on the choice made by the policyholder. The benefit is designed to support the continuity of long-term financial goals following a covered event.
For retirement planning, the Retirement/Whole Life option allows policyholders to build a retirement corpus and opt for an automatic Systematic Withdrawal Plan (SWP) from age 60. Customers can also access partial withdrawals and an Automatic Partial Withdrawal Facility, subject to policy terms.
The plan further offers Nominee Continuation Rights, allowing nominees to continue managing permitted policy benefits after the Life Assured’s death, subject to applicable terms and conditions.