Quick Overview
If you’re a woman looking for affordable life cover with added wellness and family-focused benefits, the Tata Aia Shubh Shakti term plan is designed specifically for you. Shubh Shakti is positioned as a bundle of Tata AIA Sampoorna Raksha Promise (term plan) + Tata AIA Health Buddy Enhance (wellness services). This makes it a comprehensive solution supporting both financial security and preventive healthcare needs. Let’s break down how it works, its features, benefits, premiums, eligibility, and whether it’s the right fit for your needs.
Key Features of the Tata AIA Shubh Shakti Term Plan
- Lower premium rates for women policyholders
- Flexible premium payment options
- Pregnancy premium break option
- Health Buddy Enhance wellness benefits
- Child education protection add-on
- Waiver of premium on spouse’s accidental death
- Multiple payout options for nominees
- 1% Single Mothers' premium discount
Metrics of TATA AIA
Insights: Tata AIA performs better than industry averages across key claim and service metrics, showing strong reliability in settling claims and handling customer grievances. Higher business volumes and lower complaint ratios further indicate operational stability, making the insurer a dependable choice for long-term protection.
Benefits of Tata AIA Shubh Shakti Term Plan
Death Benefit
If the insured woman passes away during the policy term, the nominee receives the chosen sum assured as a lump sum, a monthly income, or a combination of both.
Terminal Illness Benefit
In case of diagnosis of a terminal illness, the policy pays out the upto 50% of the death benefit sum early.
Lifetime Discounted Premium for Women
Women enjoy up to 15% lower premiums compared to male policyholders, making long-term coverage affordable.
Premium Break During Pregnancy
The Tata AIA Shubh Shakti term plan allows women to defer premiums for up to 12 months during pregnancy, without losing coverage (subject to policy terms).
Child Education Protection
With an additional premium, the plan can provide monthly payouts for children’s education until a chosen age (21 or 25 years).
Waiver of Premium on Husband’s Accidental Death
If the spouse dies due to an accident, future premiums are waived, while the policy remains active.
Accidental Death Benefit Rider
An optional rider allows additional payout in case death occurs due to an accident.
Instant Payout on Claim Intimation
An instant payout of ₹3 lakh is provided within one working day of claim registration as interim support, provided the policy is in force, the death occurs after the first three policy years, and the sum assured is at least ₹1 crore.
This amount is paid from (and adjusted against) the final sum assured, but you have to return the early payout if your claim gets rejected.
Health Buddy Enhance Benefits
Policyholders can access:
- Annual health check-ups
- Tele and in-person consultations
- Vaccination wallets
- Discounts on medicines & diagnostics
- PCOS, fertility, and chronic condition management
- Mental wellness and lifestyle programs
Note
How Does the Tata AIA Shubh Shakti Term Plan Work?
Here’s a simple example:
A policyholder, aged 28, buys the Tata Aia Shubh Shakti term plan with ₹1 crore cover for 30 years. She pays annual premiums during her working years.
If she passes away during the policy term, her nominee receives the insured amount, ensuring financial security for her family.
Meanwhile, she also enjoys health check-ups and wellness services throughout the policy duration. If she becomes pregnant, she may temporarily pause premium payments without losing coverage. However, she has to pay the deferred years' premium amount back, along with the regular premium for the next year. If a claim happens during the break, unpaid premiums are deducted from the payout.
Why Choose Tata AIA Shubh Shakti Plan for Women?
- Strong Claim Settlement Metrics: Tata AIA consistently reports high claim settlement and faster claim processing ratios compared to industry averages, indicating reliable support for families during claims.
- Comprehensive Coverage: The plan combines pure life cover with wellness and women-focused benefits, offering financial protection along with preventive healthcare support.
- Thoughtful Rider Options: Add-ons like child education protection, accidental death benefits, and waiver of premium options help customize protection based on family needs.
- Lower Premiums for Women: Women policyholders benefit from discounted premium rates, making long-term life insurance coverage more affordable and sustainable.
What are the Eligibility Criteria for the Tata AIA Shubh Shakti Term Plan?
Premiums of TATA AIA Shubh Shakti Term Plan
Profile Considered: Premiums are calculated for a person seeking a ₹2 crore sum assured, with coverage up to age 70, for a non-smoking female, with no added riders or 1st year discounts.
Insights: The Tata AIA Shubh Shakti plan remains competitively priced among women-centric plans while offering additional wellness and women-focused benefits, making it a value-driven option rather than just a low-cost choice.
Disclaimer: These recommendations are based on Ditto’s six-point product evaluation framework (product quality, claims experience, underwriting transparency, flexibility, affordability, and operational reliability) and our three-point insurer assessment (financial strength, claims track record, and service reliability). These criteria help ensure that the plans recommended here strike the right balance between protection, claims confidence, and long-term service quality. However, not all plans illustrated below are recommended by Ditto. We have specifically chosen women-centric plans for a fair comparison.
Things to Consider Before Buying Shubh Shakti for Women
The basic criteria that make any term plan a ‘good term plan’ remain the same. You can check the linked term plan checklist to figure out which term plan suits you the best. Generally, claim metrics, insurer reliability and solvency, premium affordability, flexibility of features, and comprehensiveness of riders are the major factors to be taken into account.
Why Choose Ditto for Term Insurance?
At Ditto, we’ve assisted over 8,00,000 customers with choosing the right insurance policy. Why customers like Aaron below love us:
- No-Spam & No Salesmen
- Rated 4.9/5 on Google Reviews by 15,000+ happy customers
- Backed by Zerodha
- 100% Free Consultation
You can book a FREE consultation. Slots are running out, so make sure you book a call or WhatsApp now!
Conclusion
The Tata AIA Shubh Shakti term plan stands out as a well-rounded protection plan tailored for women, combining affordable life cover with wellness and family-focused benefits. Features like discounted premiums, pregnancy premium breaks, child education protection, and health support services make it suitable for working women, homemakers, and single mothers alike. Before buying, always compare plans, choose adequate coverage, and ensure the policy fits your long-term financial goals.
Disclaimer
Frequently Asked Questions
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