Tata AIA Life Insurance has unveiled a unit-linked life insurance plan.
The plan, Shubh Health Criti, earns market-linked returns, covers 60+ critical illnesses, and allows tax-free withdrawals for treatment.
Instead of a traditional payout triggered by diagnosis, this plan lets policyholders accumulate a health fund that earns market-linked returns and can be drawn upon, tax-free, for critical illness treatment, procedures, or associated costs.
Some features of the plan include: 30-Year Premium Guarantee, Premium Waiver on death or disability, Terminal Illness with Term Booster, and Entry Age of (age on last birthday) 18/65 years old, reported Insurance Asia.