TATA Insurance Policy- Good news for womens. Tata AIA Life Insurance has launched a term insurance plan “Shubh Shakti” specially designed for women . This term plan not only provides insurance protection, but the company has introduced it as a solution to strengthen women’s health, family and financial independence. The company claims that the aim of this plan is to give women a ‘worry-free’ life.

According to a survey by Tata AIA, 89 percent of married women are dependent on their husbands for financial planning. At the same time, only 44 percent of women take their own decisions. However, now the situation is changing. In the year 2024, 2.7 crore women checked their own credit score, which shows that women are now moving ahead in financial planning.

Women still lag behind in insurance coverage

According to a report, the share of women workforce in the country is continuously increasing. This share has reached 41.7% in FY 2024, which was only 23.3% in FY18. Women are now not only handling the responsibility of the house, but are also getting involved in financial decisions. The company says that to eliminate this gap, a solution was needed which is made according to the lifestyle of women and the challenges they face. For this, Shubh Shakti Term Plan has been launched under this thinking.

Benefits of Shubh Shakti Plan

Premium break during pregnancy : According to the report, a one-year break can be taken twice after the birth of each child. This means that no money will have to be paid at this time. Women will have to pay 15% less premium than men. This will be applicable every year. If a woman is a single mother, she will get a discount of 1%. Overall, a benefit of up to 16% can be availed.

Women will also get health related facilities like PCOD, IVF. Along with this, facilities of checkup and vaccination will also be provided for the family. Women will also get additional discounts on digital payment and salaried profile.

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