365telugu.com online news,Mumbai, 22nd october,2025:Tata AIA Life Insurance Co. Ltd., a leading Indian insurer, has launched Tata AIA Shubh Family Protect, an innovative term plan combining an immediate lump-sum payout with flexible monthly income for up to 30 years. This unique plan ensures comprehensive financial security for families during challenging times.
A Plan Tailored for Family Needs
The sudden loss of a loved one brings emotional and financial challenges. While a lump-sum payout helps address immediate needs, managing it during grief can be daunting. Shubh Family Protect addresses this by offering both a lump-sum benefit and steady monthly income, providing stability and peace of mind.
The lump-sum covers urgent expenses like funeral costs, debts, or medical bills, while the monthly income supports ongoing needs, ensuring families can maintain their lifestyle. For elderly parents, it secures healthcare and daily expenses. For a surviving spouse, it covers household costs, and for children, it ensures uninterrupted education, safeguarding their dreams and future.
The plan allows nominating multiple beneficiaries, ensuring tailored support for each family member—spouse, children, or parents—avoiding confusion during difficult times. Shubh Family Protect redefines life insurance by offering long-term financial stability that honors the legacy of the loved one.
Key Features of Shubh Family Protect
- Immediate Lump-Sum Payout: Quick funds for urgent needs.
- Monthly Income (10–30 Years): Steady support for daily expenses.
- Flexible Income Options: Choose fixed or inflation-adjusted monthly payouts.
- Multiple Nominees: Clear allocation of benefits for all dependents.
- Terminal Illness Benefit: 50% of sum assured paid upon diagnosis, with future premiums waived.
- 0% GST: No GST on premiums, enhancing affordability.
Sujeet Kothare, Chief of Products, Marketing, Corporate Communications & Business Mid Office, Tata AIA, stated, “Shubh Family Protect goes beyond financial protection, offering families security and flexibility. With 0% GST, it’s an accessible solution to secure loved ones’ futures, aligning with our commitment to being ‘Har Waqt Ke Liye Taiyaar.’”
Tata AIA’s Shubh Family Protect empowers families to face life’s uncertainties with confidence, ensuring financial readiness and stability for all.