TATA AIA Shubh Shakti 

TATA AIA Shubh Shakti – An Overview

TATA AIA Shubh Shakti is a term insurance offered by TATA AIA Life Insurance. It combines life cover and health benefits in one plan, addressing the unique needs of women. It provides long-term protection for your loved ones, affordable premiums, and value-added health services through Tata AIA Health Buddy Enhance. Whether you are a salaried professional, homemaker, entrepreneur, or single mother, this plan offers features that adapt to your financial and healthcare needs.

Key Features of TATA AIA Shubh Shakti Plan

• Lower premiums for women throughout the policy term.

• Comprehensive life cover with optional benefits like Child Education Protection and Waiver of Premium on spouse's accidental death.

• Option to pause premium payments for up to 12 months during pregnancy without losing coverage.

• Annual health check-ups and women-specific screenings are included.

• Access to teleconsultations and discounts on medicines.

• Lifetime premium discount for single mothers.

• Value-added wellness services for overall health and well-being.

What are the Benefits of TATA AIA Shubh Shakti?

1. Death Benefit
   If the life assured passes away during the policy term, the nominee receives the sum assured. This amount can be used for daily living expenses, loan repayments, or future needs such as children's education, ensuring financial stability for the family.

2. Lifetime Discounted Premium for Women
   Women enjoy a 15% lower premium than male policyholders throughout the Premium-Paying Term (PPT). This consistent discount offers substantial long-term savings and makes it easier to maintain life cover without straining the budget.

3. Premium Break During Pregnancy
   Policyholders can take a premium holiday for up to 12 months during pregnancy without losing coverage. The break period premiums can be paid later, along with the next scheduled premium, ensuring continuity of benefits without financial pressure.

4. Child Education Protection (Optional with extra premium)
   Secure your child's education with monthly payouts until they turn 21 or 25. This ensures that higher education goals stay on track even if the policyholder can no longer provide support.

5. Waiver of Premium on Husband's Accidental Death
   If the policyholder's spouse dies in an accident during the PPT, all future premiums are waived while coverage remains active. This protects the insured from additional financial stress in difficult times.

6. Single Mother Discount
   Single mothers get a 1% lifetime premium discount, acknowledging their unique financial responsibilities and making long-term protection more affordable.

7. Wellness Benefits under Health Buddy Enhance
   This Term plan offers a complete health package designed for women, including:

   • Annual Health Check-up: Full-body and women-specific screenings like PAP smear, anaemia checks, and PCOS tests for early detection and preventive care.

   • Specialist Consultations: Four monthly teleconsultations and four in-person OPD visits per year across key specialities, such as orthopaedics, endocrinology, cardiology, neurology, urology, and diabetology.

   • Wallet for Vaccinations: Covers HPV vaccines, flu shots, hepatitis vaccines, and shingles vaccinations to safeguard long-term health.

   • Women Care: PCOD management programs, IVF counselling, and support for reproductive health needs.

   • Lifestyle & Condition Management: Chronic disease management for diabetes, hypertension, and weight control with expert diet and exercise guidance.

   • Medicines, Tests & Spectacles Benefit: Discounts on essential medicines, lab tests, and spectacles, with cashless or reimbursement options.

   • Medical 2nd Opinion & Health Concierge: Access to second opinions from specialists, a personal case manager doctor, and optional at-home healthcare services (paid by user).

   • Dental Wellness: Two in-person dental consultations annually, including orthodontist services, with reimbursement of up to ₹1,000 per visit.

   • Value-Added Services: Discounts on pharmacy orders, diagnostic services, wellness sessions, fitness programs, and mental health support, such as yoga, meditation, and stress management.

How TATA AIA Shubh Shakti for Women Works?

TATA AIA Shubh Shakti is a term life insurance plan designed to protect your family's financial future if you pass away during the policy term. You pay premiums at regular intervals for a chosen duration, and in return, your nominee receives the sum assured as a lump sum in case of your death during that period.
Along with financial protection, you get health-related benefits like annual check-ups, women-specific screenings, teleconsultations, and discounts on medicines and lab tests. The plan offers lower premiums for women, a premium holiday of up to 12 months during pregnancy, and additional support for single mothers. You can also choose add-ons such as Child Education Protection or a Waiver of Premium if your spouse dies in an accident.

For Example:
Priya buys a Shubh Shakti policy with a 20-year term. She pays her premiums regularly and enjoys benefits like annual health check-ups and discounted medicines. If Priya passes away during the policy term, her family receives the assured sum, helping them cover living expenses, repay loans, and secure her child's education.

How to Buy Tata AIA Term Insurance Plan from Policybazaar? 

Here is how you can buy the Tata AIA Term plans online from Policybazaar:

Step 1: Visit the term insurance page of Policybazaar

Step 2: Fill in the required details like name, gender, contact information, and more

Step 3: Select the right options like smoking habits, occupation types, educational background, and annual income

Step 4: Choose a suitable Tata AIA plan and proceed to pay

Note: You should also check the term insurance benefits if you are planning to purchase the term insurance plan

What is Not Covered Under Tata AIA Shubh Shakti?
Death due to Suicide within the 12 months of Policy Purchase

• The nominee will be entitled to receive 80% of the total premiums paid until the policyholder's death. 

• In the Family Plan option, after the payment of the suicide claim, no additional payout will be made, and the policy will terminate.