Tata AIA Shubh Flexi Income Plan

Product Overview

Tata AIA Life Insurance Shubh Flexi Pension Plan is a non-linked non-participating annuity plan for individuals and groups, which provides for payment of regular level or level plus variable annuity* as per the frequency of payment chosen.

The plan offers the following annuity options, one of which must be selected at the time of purchase and cannot be altered later:

Option 1 – Immediate Life Annuity:
A level annuity is paid during your lifetime. There is no death benefit payable under this option. Annuity payments commence immediately as per the frequency chosen.

Option 2 – Immediate Life Annuity with Y% of Return of Purchase Price
A level annuity is paid during your lifetime. There is a death benefit payable. Annuity payments commence immediately as per the frequency chosen. The multiple (Y%) can range from 50% to 100% in multiples of 5%. These are to be chosen at inception and cannot be changed later.

Option 3 – Deferred Life Annuity with Y% of Return of Purchase Price
Annuity is paid during your lifetime. There is a death benefit payable. Annuity payments commence post the end of the Deferment Period as per the frequency chosen. The multiple (Y%) can range from 50% to 100% in multiples of 5%. These are to be chosen at inception and cannot be changed later.

Option 4 – Immediate Life Variable Annuity* with Return of Purchase Price
Annuity is paid during your lifetime. There is a death benefit payable. Annuity payments shall comprise of guaranteed^ annuity and variable annuity and the same shall commence immediately as per the frequency chosen.

Option 5 – Deferred Life Variable Annuity* with Return of Purchase Price
Variable annuity is paid during your lifetime. There is a death benefit payable. Annuity payments shall comprise of guaranteed^ annuity and variable annuity and the same shall commence post the end of the Deferment Period as per the frequency chosen.

Plan Options 1,2 and 4 are available under Single Pay only

Plan Options 3 and 5are available under Single, Limited and Regular Pay

Key Features

Choose your own mix of guaranteed^ and variable annuity*
Option to start annuity immediately or defer it up to PPT + 20 years*
Variable annuity* is market linked for potential upside
Flexible Return of Premium (ROP) # to balance income and capital return
Choice of Annuity payout frequency: monthly, quarterly, half-yearly, yearly, in advance/arrears
Tax Benefits as per applicable tax laws

* Subject to annuity start age limit

#Nifty 50 TRI

Disclaimer

This product is underwritten by Tata AIA Life Insurance Company Ltd. This plan is not a ^guaranteed issuance plan and it will be subject to Company’s underwriting and acceptance.
The complete name of Tata AIA Shubh Flexi Pension Plan is Tata AIA Life Insurance Shubh Flexi Pension Plan (UIN: 110N209V02) - A Non-Linked, Non-Participating Annuity Plan (Individual/Group)
^Guaranteed returns in this plan depends on Age at Entry of life assured, Premium payment term, policy term, premium amount and plan option chosen.
The Annuity or Purchase Price will be calculated based on the Annuity Rates applicable as on the date of purchase of annuity.
The applicable taxes, cesses, and levies, levied by the government from time to time, if any, shall be collected separately over and above the policy premiums.
# Return of Purchase price# means return of all premiums paid excluding any extra premium, any rider premium, taxes and other statutory levies, if applicable
No Goods and Service Tax shall be applicable on Individual life insurance products as per prevailing laws. Tax laws are subject to amendments from time to time. If any imposition (tax or otherwise) is levied by any statutory or administrative body under the Policy, Tata AIA Life Insurance Company Limited reserves the right to claim the same from the Policyholder. Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment of conditions stipulated therein. The Tax-Free income is subject to conditions specified under section 10(10D) and other applicable provisions of the Income Tax Act,1961. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implications mentioned anywhere on this site. Please consult your own tax consultant to know the tax benefits available to you.
Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfilment of conditions stipulated therein. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
For more details on risk factors, terms and conditions please visit us at: www.tataaia.com.
Product Option “Immediate Life Annuity with Y % of Return of Purchase Price” is available under PoS as well.
The premium paid in the annuity offered under the annuity policies with *variable annuity pay-out options are subject to investment risks associated with capital markets and publicly available index. ^Guaranteed annuity payable for whole of life is based on the guaranteed proportion selected under the chosen variable annuity option.
Guaranteed returns in this plan depends on Age at Entry of life assured, Premium payment term, policy term, premium amount and plan option chosen. Annuity payouts are based on Guaranteed annuity percent, and the *variable annuity may fluctuate with market index results (If Variable Annuity Option opted).
^^Guaranteed Annuity Percentage must be selected at the time of purchase and once selected it cannot be changes later.
Choice to select the Percentage of Return of Premium# must be selected at the time of purchase and once selected it cannot be changes later.
*In case of variable annuity pay-out option, investment risk is partially borne by the policyholder or annuitant. The premium paid in the annuity offered under the annuity policies with variable annuity pay-out options are subject to investment risks associated with capital markets and publicly available index. The annuity amount of the units may go up or down based on the performance of fund/index and factors influencing the capital market/publicly available index and the insured is responsible for his/her decisions.
The assumed rate of returns indicated at 4% and 8% are illustrative and not guaranteed and do not indicate the upper or lower limits of returns under the policy. For more details on risk factors, terms and conditions please read sales brochure & policy document carefully before concluding a sale. Product features mentioned above are dependent on benefit chosen.

INDUSIND Bank Limited (CA0001) is the Corporate Agent of Tata AIA Life Insurance Company Limited and does not underwrite the risk or act as an insurer. INDUSIND Bank Limited, 2401, Gen. Thimmayya Rd., (Cantonment), Pune - 411001. Participation by the Bank’s clients in the insurance products is purely on a voluntary basis. The contract of insurance is between Tata AIA Life and the insured and not between the bank and the insured.

Tata AIA Life Insurance Company Limited (IRDAI Regn. No.110) CIN: U66010MH2000PLC128403. Registered & Corporate Office: 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013. Trade logo displayed above belongs to Tata Sons Ltd and AIA Group Ltd. and is used by Tata AIA Life Insurance Company Ltd under a license. For any information including cancellation, claims and complaints, please contact our Insurance Advisor / Intermediary or visit Tata AIA Life’s nearest branch office or call 1-860-266-9966 (local charges apply) or write to us at customercare@tataaia.com. Visit us at: www.tataaia.com.

L&C/Advt/2026/Apr/2515

BEWARE OF SPURIOUS PHONE CALLS AND FICTIOUS / FRAUDULENT OFFERS IRDAI or its officials do not involve in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint