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Tata AIA Shubh Shakti: Term Plan Designed for Women

8 August 20251 min read
BANKING & FINANCETata AIA ShubhShakti: Term PlanDesigned forWomen8 August 2025safalsetu.com

Why in the news

Tata AIA Life Insurance rolled out a term plan meant only for women, responding to rising female workforce participation and the gap in women’s insurance cover and financial planning.

Key facts

  • Launch date: 6 August 2025; insurer: Tata AIA Life Insurance.
  • Premiums run 15% lower than those for men at the same cover.
  • Premium holiday of 12 months after every childbirth.
  • Child education benefit: monthly income for up to three children until age 25.
  • Premiums are waived on the husband’s death or accidental death while cover continues.

Health and wellness support

  • Services cover PCOD and IVF counselling, weight management, and cervical cancer and HPV vaccination support.
  • Linked to Tata AIA Health Buddy for wellness rewards and family health incentives.

Exam angle

  • Plan type: term insurance exclusively for women.
  • Maximum children covered by the education benefit: three.
  • Wellness platform linked: Tata AIA Health Buddy.

Test yourself

1. Which insurer launched the term plan 'Shubh Shakti' exclusively for women?

Tata AIA Life Insurance launched it on 6 August 2025.

2. How long is the premium break offered after each childbirth under Shubh Shakti?

The plan gives a 12-month premium holiday.

3. Shubh Shakti offers how much lower premium to women compared with men for the same cover?

The notes state 15% lower premiums.

This topic is part of Daily Current Affairs 7 August 2025 (15 topics).

All topics of the dayDay quizAugust 2025

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