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Tata AIA Life Insurance has introduced Shubh Maha Life, a new retirement-focused insurance product designed to offer long-term financial security and flexibility. The plan combines life cover with guaranteed benefits and customisable payout options to meet the diverse needs of Indian policyholders planning for retirement. The policy offers both lump sum and regular income options, catering to varied financial goals, such as legacy planning, regular post-retirement income, or milestone-based withdrawals.
One of its key features includes a loyalty addition benefit, boosting maturity benefits for long-term policyholders. Policyholders also have the option to choose a premium payment term, ranging from limited pay to regular pay modes, depending on their earning phase. The launch aligns with the rising demand for retirement planning products, especially among India’s growing middle class. Tata AIA aims to strengthen its portfolio of protection-cum-investment products with this latest offering.
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