Tata Aia Life Insurance launched Shubh Maha Life on Monday, a participating savings plan of the entire life that has been designed to offer a high lifetime during the earning of years and tax -free pension income later.
The non-linked insurance product offers flexible coverage that decreases during the pension as financial accelerators, while lifelong income is offered by investments in stock participation. The plan includes long -term protection of critical diseases on selected variants.
The life of Shubh Maha comes in four packages: gold, plus, gold health and plus health. Cover ranges up to 30 times annual premiums, with riders, including benefits for death and protection of disability. The company offers premium discounts of 2 percent for women, 4 percent for families and existing customer nominees and 20 percent for Tata Group employees.
Policy holders can choose from three payment structures: pension income for lifelong payments, deferred income for milestone financing or a fixed amount on the due date. The plan integrates TATA AIA Health Buddy Services, including telecons results and health controls.
“This plan underlines our dedication to go beyond traditional insurance,” said Sujeet Kothare, head of products at Tata Aia.
Tata Aia, a joint venture between Tata Sons and AIA Group, reported £ 31,484 CRORE Total Premium Income for FY25, an increase of 23 percent on an annual basis.
Published on September 8, 2025
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