Tata AIA Shubh Muhurat Plan - Details, Benefits 2025

Tata AIA Shubh Muhurat

Tata AIA's Shubh Muhurat plan is a linked insurance product designed to help Indian parents save for their children's weddings, particularly destination weddings. The plan combines Tata AIA Life Insurance Fortune Guarantee Secure and Tata AIA Life Insurance Smart Fortune Plus. It emphasizes early financial planning, budgeting, and investing to ensure stress-free wedding execution without compromising other long-term financial goals like retirement.

ULIP Plans

Plan starting from ₹1,000/month

Save upto ₹46,800 in Tax under section 80C^{^}

Zero LTCG Tax^¶

In built life cover

What is Tata AIA Shubh Muhurat?

Tata AIA Shubh Muhurat is a financial solution designed to help parents in India plan and save for their child’s wedding. It combines Tata AIA Life Insurance Fortune Guarantee Secure and Tata AIA Life Insurance Smart Fortune Plus. Recognizing the cultural significance of weddings in India, this ULIP plan aims to ease the financial burden associated with these celebrations, allowing parents to fulfill their child's wedding aspirations without compromising other financial goals.

Key Features of Tata AIA Shubh Muhurat

Planned Payouts: Offers payouts aligned with key wedding milestones.

Long-Term Wealth Growth: Aims to steadily grow wealth to ensure a grand wedding.

Top Rated Funds: Provides access to top-rated funds.

Protection: Offers comprehensive life coverage and protects the investment.

Tax Benefits: Provides tax benefits on premium payments and policy benefits as per prevailing tax laws.

Premium Waiver: The Benefit Protect Rider ensures premiums are waived in challenging times.

MWPA Benefit: Policy benefits can be safeguarded for the family under the Married Women's Property Act, protecting them from creditors or lenders.

Benefits of Tata AIA Shubh Muhurat

Timely Proceeds

Helps achieve wedding goals with payouts aligned to key milestones.

Investment Security

Protects the premium amount paid.

Wealth Growth

Grows wealth steadily for a lavish wedding.

Protection for Loved Ones

Secures policy benefits for the family, protected from creditors or lenders via MWPA.

Comprehensive Coverage

Provides life coverage throughout the policy term.

Premium Waiver

Ensures dreams remain intact even during challenging times with a waiver of future premiums.

Tax Benefits

Offers tax benefits on premium payments and policy benefits.

Additional Details of Tata AIA Shubh Muhurat

Early Investment: Emphasizes the importance of starting to save early to balance long-term financial goals.

Budgeting: Recommends setting a realistic wedding budget without compromising overall financial health.

Stress-Free Execution: Aims to reduce financial stress, allowing families to focus on enjoying the wedding process.

Liquidity: The unit linked insurance product does not offer liquidity during the first five years of the contract.

Components: A combination of Tata AIA Life Insurance Fortune Guarantee Secure and Tata AIA Life Insurance Smart Fortune Plus.

FAQs

How does the Shubh Muhurat plan help in planning a destination wedding?

The plan supports parents in being financially prepared for a dream destination wedding by securing the perfect destination, breathtaking arrangements, and cherished memories without financial worries. It emphasizes early financial planning to cover various expenses like travel, accommodations, venue arrangements, and decor.

Why is early financial planning important for a child’s wedding?

Early investing helps fulfill your child's wedding aspirations without compromising other life goals. It allows you to set a realistic budget, explore investment options, and reduce stress.

What if I need the money I invested in the plan before five years?

This Tata ULIP Plan or any other unit linked insurance product does not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in unit linked insurance products completely or partially till the end of the fifth year.