In light of this promising opportunity, Tata AIA Life Insurance (Tata AIA), one of India’s most trusted life insurers, is launching two new funds that allow investors to back India’s sector leaders while ensuring their families’ financial security with life insurance protection.

·         Tata AIA Sector Leaders Index Fund – Invests in India’s top-performing companies that dominate their respective sectors, offering investors an opportunity to create long-term wealth.

·         Tata AIA Sector Leaders Index Pension Fund – Available through Tata AIA’s unit-linked pension solutions, this fund is designed to help customers build a robust retirement corpus through systematic investments in sector leaders.

Both funds will be available for subscription at an initial price of ₹10 per unit during the New Fund Offer (NFO) period, which ends on September 22nd, 2025. Moreover, with the new GST norm coming into effect on September 22nd, 2025, these fund charges will be exempted from GST.

Investors can participate through Tata AIA Life Insurance’s unit-linked solutions, providing the combined advantages of life insurance coverage and long-term wealth creation.

Harshad Patil, Chief Investment Officer, Tata AIA Life Insurance, explains, “India’s growth is being driven by sector leaders who are strategically positioned to capitalise on rising demand and favourable policies. Our newly launched Sector Leaders Index Funds benefit from investing in an index which uses a disciplined approach to identify these top-performing companies and employ a systematic investment strategy to benefit investors. These funds enable our policyholders to capitalise on the wealth creation potential of the equity markets, while also offering financial protection for their families through investment in our ULIP solutions, ensuring they remain ‘Har Waqt Ke Liye Taiyaar.’”

Why Invest in Tata AIA’s Sector Leader Funds?

• Tap into India’s Growth Story: India’s economy is expanding rapidly, driven by rising consumption, formalisation and manufacturing push. These funds provide timely exposure to this transformation.
• Invest in Market Leaders: The funds track the BSE India Sector Leaders Customised Index, comprising up to three of the largest companies from each sector in the top 500 list, with exposure to 61 companies across 21 industries.
• Diversification with Discipline: The index follows a systematic, rule-based methodology that limits sector concentration, ensuring broad-based exposure without over-dependence on a single sector.
• Long-Term Wealth Creation: Sector leaders are resilient, large-scale businesses well-positioned for compounding returns over the long term.

·         Retirement readiness: With the launch of the Sector Leaders Index Pension Fund, customers planning for retirement can build a robust, equity-led corpus, ensuring that their future lifestyle is backed by long-term market growth.

• Added Life Insurance Protection: Investors enjoy the additional benefit of life cover, providing financial security for their loved ones in the event of unforeseen circumstances.

Key Details of the Funds

·         Investment Objective: Long-term capital appreciation by investing in stocks aligned to the Sector Leaders Index

·         Benchmark: BSE India Sector Leaders Customised Index

·         Asset Allocation: 80%–100% equity & equity-related instruments; 0%–20% cash & money market instruments

Proven Performance of Tata AIA Funds

As Tata AIA’s Sector Leaders Index Funds open for subscription, investors can rely on Tata AIA’s proven track record of delivering strong, long-term returns. The company’s funds have consistently demonstrated resilience in navigating market fluctuations, offering stable, growth-oriented returns.

With over 96% of Tata AIA’s rated AUM receiving 4 or 5-star ratings from Morningstar, Inc. as of July 2025, the globally recognized fund rating agency, Tata AIA’s performance stands as a testament to its ability to deliver value.

Tata AIA’s disciplined fund management and strategic investment methodology have enabled investors to optimise their wealth creation. This consistent performance positions Tata AIA as the preferred choice for those seeking growth, stability, and protection. It underscores the company’s unwavering commitment to providing innovative investment solutions that align with India’s evolving economic landscape, empowering investors to confidently capitalise on emerging opportunities.

*Data as of 31^st July, 2025. Past performance is not indicative of future performance.

Fund Benchmark: Multi Cap Fund – S&P BSE 200; India Consumption Fund- S&P BSE 200; Top 200 Fund- S&P BSE 200. SFINN: Multi Cap Fund – ULIF 060 15/07/14 MCF 110; Top 200 Fund- ULIF 027 12/01/09 ITT 110; India Consumption Fund – ULIF 061 15/07/114 ICF 110.

Inception Dates: Top 200 Fund: 12 Jan 2009, Multi Cap Fund: 05 Oct 2015, India Consumption Fund: 05 Oct 2015. Other fund are fund are also available this this solution

The funds will be available with Tata AIA ULIP solutions such as Tata AIA Smart Fortune Plus, Tata AIA Smart Sampoorna Raksha Pro, Tata AIA iSIP, Tata AIA Smart SIP, Tata AIA Capital Guarantee Solution, Tata AIA Smart Sampoorna Raksha Flexi and Tata AIA Smart Pension Secure.

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As retirement approaches, needs evolve. Children become independent, debts are cleared, and the focus shifts to creating a steady income for a comfortable, worry-free retired life. This shift raises a key question: How can one balance the need for protection today with the goal of financial independence tomorrow?

To address this, Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India’s leading life insurers, has launched Tata AIA Shubh Maha Life, a Non-Linked, Participating Whole Life Savings Plan tailored to meet financial needs across life’s stages.

A Plan That Adapts to Life’s Journey

Shubh Maha Life empowers consumers to protect their families today while building lasting financial independence for tomorrow. The plan offers:

• High life cover during peak earning years – when responsibilities are highest.
• Reduced cover during retirement – as financial dependencies decline.
• Tax-free^*retirement income with growth potential – through investments with equity exposure.
• Long-term critical illness protection – securing health needs in later years^#.

Building on Maha Life’s Legacy

Shubh Maha Life builds on the legacy of Tata AIA’s widely acclaimed Maha Life plan. Revived in a contemporary avatar, Shubh Maha Life delivers enhanced benefits and holistic protection to match today’s consumer needs.

Much like how a smartphone simplifies life by replacing multiple devices, Shubh Maha Life streamlines financial planning by addressing diverse goals with a single solution—ensuring protection till retirement, income in later years, and legacy creation.

Sujeet Kothare, Chief of Products, Marketing, Corporate Communications & Business Mid Office, Tata AIA Life Insurance, said, “At Tata AIA, we recognise that life is ever-changing, and so are financial needs. With Shubh Maha Life, we are proud to offer a dynamic solution that adapts to life’s stages—delivering robust protection during peak years and substantial, tax-free income in retirement, along with long-term critical illness cover. This plan underscores our commitment to going beyond traditional insurance, helping consumers achieve lasting security, growth, and peace of mind throughout their journey.”

Key Features of Shubh Maha Life

• Comprehensive Protection: Flexible participating plan with cover options.
• Growth Potential: Balanced returns through equity participation.
• Tax-Free* Retirement Income: Reliable lifetime income for financial independence.
• Whole-of-Life Option: Extend income and protection even in later years.
• Inclusive Benefits: Special discounts on first year premium for women (2%), families and nominee of Tata AIA existing customers (4%), Tata Group employees (20%).

Four Tailored Packages

To meet diverse needs, Shubh Maha Life is available in four package options:

• Shubh Maha Life Gold – High cover with riders like Accidental Death Benefit (ADB) and Accidental Total and Permanent Disability (ATPD).
• Shubh Maha Life Plus – ~30x cover of annual premiums, with higher income, lump sum options, and broad protection.
• Shubh Maha Life Gold Health – High cover plus long-term critical illness protection of up to 30 years.
• Shubh Maha Life Plus Health – 30x cover, critical illness protection, and riders like ATPD and Terminal Illness for a comprehensive safety net. 

Flexible Payout Options for Every Life Stage

Policyholders can customise benefits through three payout structures:

• Retirement Income Option: Steady, tax-free* lifetime income to ensure financial independence post-retirement.
• Deferred Income Option: Secondary income timed for milestones such as education, marriage, or business needs.
• Lump Sum Option: One-time payout at maturity to fund retirement, legacy planning, or long-term goals.

Beyond Protection: A Partner in Wellbeing

When chosen wisely, Shubh Maha Life goes beyond financial security by integrating Tata AIA Health Buddy — offering preventive health check-ups, teleconsultations, diagnostics, physiotherapy, lifestyle management, and women’s health programs. It’s not just a plan, but a partner in financial and physical wellbeing.

* Income Tax benefits are subject to prevailing income tax laws.

#Applicable on select Shubh Maha Life variants.

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·         With 2,871 MDRT Insurance Advisors Across India, the Company Reiterates Its Commitment to Offer World-Class Financial Advice to Consumers

·         Ranks #1 in India for the 3rd Consecutive year; Global Rankings Improve to #4 from #6

Bengaluru, 29 July 2025: Tata AIA Life Insurance Co. Ltd. (Tata AIA), one of India’s leading life insurance companies, is proud to announce that it has registered 79 Million Dollar Round Table (MDRT) qualified Advisors in Karnataka, underscoring its commitment to excellence in financial advisory services. According to the 2025 Global MDRT Ranking, the Company registered 39 Advisors from Bengaluru, for the coveted MDRT title.

According to the recently released Global MDRT Ranking for 2025*, Tata AIA has once again secured the highest number of MDRT qualified Advisors in India for the third consecutive year, while achieving an impressive #4 global ranking. With a record 2,871 MDRT qualifiers, this milestone reflects an 11% growth from the previous year, showcasing the rising calibre and unwavering dedication of Tata AIA’s advisors.

What truly sets Tata AIA apart is its deep commitment to diversity and inclusion. With an all-time high of 1,343 female MDRT members, Tata AIA has secured the #7 position globally among the Top 25 Companies by Female Membership. The 8.5% growth in female MDRT qualifiers highlights Tata AIA’s continuous efforts to empower women within the financial sector, ensuring that consumers benefit from expert, world-class financial advice delivered by a diverse team of advisors.

This remarkable achievement underscores Tata AIA’s commitment to delivering best-in-class financial advice, powered by the expertise of its MDRT-qualified advisors, ensuring that consumers receive exceptional service and guidance. The Company registered 39 MDRT qualifiers, 3 Court of the Table (COT) qualifiers, and 2 Top of the Table (TOT) qualifiers in Karnataka. A COT qualifier must generate three times the sales of an MDRT qualifier, while a TOT qualifier must generate six times the sales of an MDRT qualifier.

Amit Dave, Chief Distribution Officer – Proprietary Business, Allied Channels and Agency Sales, Tata AIA, said, “It is truly an honour to be ranked #4 globally in the MDRT rankings and to continue leading the industry in India. This milestone is a testament to the success of our Premier Agency model and the relentless commitment of our advisors. The MDRT qualification is not just a personal achievement for our advisors; it represents the trust and confidence our consumers place in Tata AIA, knowing they are receiving world-class financial advice.” 

What Does This Mean for You?

MDRT – The Gold Standard in Financial Advice

Being an MDRT member is considered the ultimate benchmark for life insurance and financial services professionals worldwide. These advisors demonstrate the highest level of professional knowledge, strict ethical conduct, and an unwavering commitment to delivering excellent service. When you choose a Tata AIA advisor, you are assured of receiving the best financial advice tailored to your unique needs, helping you protect your present and secure your future.

MDRT Advisors: Helping You Achieve Your Financial Goals

Tata AIA’s MDRT-qualified advisors go beyond selling life insurance. They leverage their expertise to guide you in making informed decisions that align with your long-term financial objectives. Whether it’s planning for retirement, securing your family’s future, or making the most of your investments, you will receive comprehensive, trusted advice that’s rooted in experience and dedication.

Providing Career Opportunities: The Best Place to Be an MDRT Advisor

Tata AIA is committed to creating rewarding career opportunities for individuals passionate about making a difference. By promoting the MDRT qualification, Tata AIA offers a clear career path for aspiring financial advisors. Through its Premier Agency model, Tata AIA selects and nurtures top talent, providing them with comprehensive training, career progression, and extensive digital support.

This investment in people not only strengthens the company’s network of advisors but also ensures that individuals seeking a meaningful, impactful career in financial services can find success. Tata AIA’s robust support system gives advisors the tools to achieve MDRT status, which means higher earning potential and a rewarding career helping people secure their financial futures. 

How MDRTs Drive Business Results at Tata AIA

MDRT-qualified advisors provide a distinct advantage to life insurers, offering expert guidance that leads to more satisfied consumers and higher retention for the brand. At Tata AIA, our MDRT advisors have been pivotal in delivering exceptional service, fostering a loyal customer base.

For FY 2024-25, Tata AIA ranked top in four out of five Persistency cohorts, including the crucial 13th-month persistency, a key measure of consumer loyalty and long-term financial health. Persistency tracks the percentage of consumer who renew their policies, reflecting trust in our services.

MDRT-qualified advisors drive this high persistency by offering personalized advice, understanding client needs, and providing continuous support, ensuring consumers remain confident in their decision to stay with Tata AIA.

* https://members.mdrt.org/about-MDRT/company-rankings/

Note: The ranking is based on the registered count of Insurance Agents

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In the past, fixed-income products such as traditional pension plans and fixed deposits were the go-to options for those planning for their retirement. However, the changing financial climate and the steady erosion of purchasing power due to inflation have spurred a fundamental shift in how people view their retirement savings. Consumers are now increasingly turning to equity-linked products, such as Unit-Linked Insurance Plans (ULIPs) and market-linked pension funds, which offer greater long-term growth opportunities, making them a more appealing choice for those looking to safeguard their future.

The growing interest in these solutions is evident, with a surge in participation in equity-linked retirement funds, such as Tata AIA Life’s recently launched Top 200 Alpha 30 Index Pension Fund. The fund’s stellar performance during its NFO period from June 23 to June 30, 2025, saw participation grow by an impressive 144.44%, compared to previous retirement NFOs, signalling a rising demand for market-driven retirement solutions.

So, why are more people willing to embrace risk as part of their retirement planning?

Changing Aspirations and Financial Freedom:
Gone are the days when people were content with low-risk, low-return solutions. Today’s consumers, especially millennials and Gen Z, are more aware of the potential for higher returns offered by market-linked investments. With aspirations for a more comfortable retirement and an improved standard of living, individuals are actively seeking out opportunities that can maximize their wealth over the long term. These products don’t just offer financial security; they promise an opportunity to build a robust financial future in a more dynamic and financially empowered way.

Risk Appetite on the Rise:
The rise in risk appetite is a clear sign of changing attitudes toward investing. As India’s workforce grows more formalized and job structures evolve, so does the understanding of risk and reward. The awareness that market-linked investments offer better inflation protection, potential for superior long-term growth, and tax benefits has led to a shift in thinking. More and more consumers are ready to embrace risk, understanding that taking calculated risks today can result in larger, more secure retirement savings tomorrow.

The Importance of Inflation Protection:
One of the most compelling reasons behind the growing adoption of market-linked products for retirement is their ability to act as a hedge against inflation. Traditional fixed-income products, while stable, often fail to keep up with inflation over long retirement periods of 20-30 years. With the rising costs of healthcare and living expenses, market-linked investments ensure that retirees preserve their purchasing power. By tapping into the potential of equities, individuals can create a significantly larger corpus, benefiting from compounding and market growth over time.

Equity-Linked Retirement Products: The Future of Retirement Planning in India:
The shift towards equity-linked retirement products reflects the changing financial priorities of India’s population. Today’s investors understand that the future requires more than just “playing it safe” — it requires a strategy that offers growth, inflation protection, and the ability to meet future needs. Tata AIA’s Top 200 Alpha 30 Index Pension Fund, with its superior risk-adjusted returns, is an excellent example of the future of retirement planning, combining investment potential with insurance protection in one comprehensive product.

As Indian investors increasingly opt for market-linked retirement solutions, the future of retirement planning in India is being reshaped. These products are no longer seen as high-risk outliers but as essential tools for building a retirement corpus that will not only protect financial security but also offer growth and prosperity in the long term.

The future is bright, and it’s market-linked.

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Yet, while they plan for their children’s education, save for a dream home, or support their parents’ health needs, many overlook a critical question: “If something were to happen to me tomorrow, would my family be financially secure?”

Sadly, the answer is often no. A 2023 survey from Tata AIA revealed that 89% of married women still leave financial planning to their husbands, and only 44% take independent financial decisions when given the choice.

Even among working women, insurance ownership remains low. This means that in the event of an unexpected illness, accident, or loss of life, families can be left scrambling, forced to dip into savings or take loans just to maintain their standard of living.

Why is this a growing risk?

Because women today are not just earning — they’re anchoring their families’ financial lives. According to the latest government data (PLFS 2023-24), women’s participation in the workforce has nearly doubled in the last six years, and 67% of working women are self-employed, running businesses or managing household enterprises.  They often take on caregiving roles, which makes their financial planning even more vital.

Without adequate protection like a term insurance plan, a single unforeseen event could disrupt everything they’ve built — children’s education, parents’ medical care, or even basic household stability.

How can women safeguard their families?

A term insurance plan is not just a document — it’s a safety net that ensures your family can continue their lives with dignity, even if you’re not around to support them.
Today, life insurers like Tata AIA are designing women-focused term plans that offer:

●  Affordable premiums and options tailored to fluctuating incomes (perfect for self-employed women or those taking career breaks).

●  Additional riders for child education or critical illnesses.

●  Women specific Health Issues , recognising women’s proactive approach to health.

Shruti Oke, Head of Products Management at Tata AIA Life Insurance, said, “Women are the Shakti – the strength behind families.  And we believe that it’s time that insurance plans be created around their needs – empowering them to protect what truly matters, make independent choices, and secure a Fikar free future for their loved ones.”

A term insurance plan means your children’s education, your ageing parents’ needs, and that your family’s future stays secure — no matter what surprises life brings.

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Introducing two new funds designed to help you make the most of India’s economic ascent:

1. For those looking to grow their wealth while securing their family’s financial future – Tata AIA Top 200 Alpha 30 Index Fund
2. For those focused on building a strong retirement corpus with equity-driven growth – Tata AIA Top 200 Alpha 30 Index Pension Fund

These funds will open for investment on June 23, 2025, and are available at just INR 10 per unit during the New Fund Offer (NFO) period, ending June 30, 2025. Investments will be made through Tata AIA Life Insurance’s unit linked insurance plans, offering you the dual benefit of life insurance coverage and potential wealth growth.

Why Should You Invest?

1.       Tap into India’s Bright Future

India’s economy is poised for growth, supported by a young workforce, rapid urbanisation, strong policy reforms, and key initiatives like ‘Make in India’ and PLI schemes. These funds are your opportunity to benefit from this promising growth.

2.       Invest in the Best of the Best
These funds are powered by the Nifty 200 Alpha 30 Index, which picks 30 top-performing stocks with a history of delivering better-than-market returns (alpha). That means smarter stock selection and potential for higher growth.

3.       Built for Long-Term Wealth Creation
Whether you want to build a strong financial foundation for your family or create a retirement fund, these funds are crafted to help you grow your money over time—thanks to their focused, high-growth equity exposure.

4.       Life Insurance Protection: Beyond wealth creation, consumers can secure their families’ financial future with life cover.

The Tata AIA Top 200 Alpha 30 Index Fund and Tata AIA Top 200 Alpha 30 Pension Fund are strategically designed to capitalize on these trends, investing in companies poised to benefit from India’s growth story. Whether you’re focused on growing your wealth or building a strong retirement fund, these funds offer the ideal combination of performance, protection, and growth.

Harshad Patil, Chief Investment Officer at Tata AIA Life Insurance, explains, “India stands at the threshold of a transformative multi-decade economic growth phase. Our new funds are positioned to capitalise on this promising trajectory, offering investors an equity instrument based on rigorous data analysis and superior risk-adjusted returns. These funds aim to capitalise on a promising trend, offering investors significant long-term value by consistently enhancing their financial security.” 

Key Details of the Funds:

·         Investment Objective: Long-term capital appreciation through investment in high-alpha stocks

·         Benchmark: Nifty 200 Alpha 30 Index

·         Asset Allocation: 80%-100% in equity & equity-related instruments, 0%-20% in cash & money market securities

What Customers can expect: 

·         Exposure to Alpha-Generating Stocks: Tapping into companies with proven track records of outperforming market expectations.

·         Strategic Diversification: Investments across sectors while maintaining focus on high-conviction opportunities.

·         Long-Term Wealth Creation: Designed specifically for retirement planning with superior long-term performance potential.

Investment in Top 200 Alpha 30 Index Fund:

Consumers can invest in the fund and be part of India’s long-term growth story. The fund is available with the following Tata AIA solutions: Tata AIA Param Raksha Life Growth +, Tata AIA Param Raksha Life Pro, Tata AIA Param Raksha Life Pro+, Tata AIA Param Raksha Life Maxima+, Tata AIA Param Raksha Life Advantage+, Tata AIA Pro Fit, Tata AIA Shubh Muhurat and Tata AIA Shubh Fortune.

Investment in Top 200 Alpha 30 Index Pension Fund:

Investment in the Top 200 Alpha 30 Index Pension Fund is exclusively available with Tata AIA’s unit-linked pension solution, Smart Pension Secure Plan, which enables consumers to build a robust retirement fund with long-term growth potential.

Proven Performance of Tata AIA Funds

Tata AIA’s funds have consistently delivered benchmark-beating returns. 99.93% of the company’s fund AUM is rated 4 or 5 star (on 5-year basis) by Morningstar*, the globally renowned Rating Agency. This is significantly higher than the industry average of less than 30% of funds’ AUM being rated 4 or 5 stars.

This consistent track record of strong performance underscores Tata AIA’s commitment to delivering investment solutions that align with India’s evolving economic landscape, enabling investors to confidently capitalise on emerging opportunities.

Performance of Tata AIA Funds: 

*Data as of May 30, 2025. Past performance is not indicative of future performance.

Fund Benchmark: Multi Cap Fund, India Consumption Fund, Top 200 Fund: S&P BSE 200.

Inception Dates: Top 200 Fund: 12 Jan 2009, Multi Cap Fund: 05 Oct 2015, India Consumption Fund: 05 Oct 2015.

As of 31st May 2025, Tata AIA has grown its Assets Under Management (AUM) significantly to INR 130,053 Crores, translating to 27.08% YoY growth. This has been possible due to robust Individual New Business Premium income and exceptional investment performance.

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Tata AIA Life Insurance’s Smart Pension Secure Plan addresses this demand with an innovative Unit-Linked Pension Plan designed for new-age retirement needs—from creating second income streams to securing retirement savings for digital natives and professionals seeking financial independence.

Modern Retirement Challenges Addressed

●     Longer Life Expectancy: Indians need steady income for extended retirements

●        Changing Demographics: Millennials face longer retirements without traditional pension benefits

●        Entrepreneurial Shifts: Protection for those navigating career changes and startups

●        Lifestyle Aspirations: Solutions for maintaining pre-retirement living standards

●        Rising Costs: Strategies to counter 10% medical inflation and increasing expenses

Key Features

●     Early Retirement Option: Flexibility to retire as early as age 45

●        Market-Linked Growth: Multiple funds with 100% equity allocation option and unlimited free switches

●        Cost Effectiveness: 100% premium investment with no allocation charges

●        Tata AIA HealthBuddy: Complementary service with pharmacy and diagnostic test discounts

●        Tax Benefits: Savings under section 80CCC with 60% tax-free lumpsum at maturity

●        Protection: In-built Waiver of Premium option for family security

The Smart Pension Secure Plan includes the Tata AIA Alpha 50 Index Pension Fund, which tracks high-performing stocks for optimal retirement corpus growth. Notably, 99.93% of the company’s funds AUM is rated 4 or 5 star by Morningstar, significantly outperforming the industry average.

Millennials and FIRE aspirants are increasingly prioritizing early retirement and maximum wealth creation. The plan is specifically designed for individuals who value flexibility, growth, and a seamless online experience, helping them prepare for their golden years. India’s approach to retirement planning is evolving with the growing prevalence of nuclear families and longer life spans. This demographic shift necessitates thoughtful financial planning to ensure comfort and independence in post-work years. With evolving customer needs, Tata AIA aims to make financial planning easy and accessible, helping users plan for worry-free retirement

Flexible Plan Options

●     Smart Pension Secure: Market-linked investments with flexible fund-switching

●        Smart Pension Secure Plus: Added premium waiver benefits for continued security

Plan Parameters:

●        Entry Age: 35-75 years (varies by payment term)

●        Vesting Age: 45-85 years (Single/Limited Pay) or 45-75 years (Regular Pay)

●        Policy Term: 10 years to maximum vesting age

Tata AIA’s Smart Pension Secure Plan empowers individuals to bridge retirement planning gaps and secure financial independence for their golden years.

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On the occasion of Tata AIA’s 24th Foundation Day, the Tata AIA Agency team in Bengaluru, along with branches in Lavelle Road, Koramangala, Vijayanagar and Jayanagar, engaged nearly 200 consumers by our Head of Agency – Yogesh Anand, leaders, and agents in awareness sessions on life insurance. The initiative also included mega rally in Church street, Forum Mall and Vijayanagar Ashoka Pillar where employees and advisors distributed leaflets water bottles, Donated clothes and groceries to old age homes Additionally, at IT Park, the team connected with over 300 potential customers to spread awareness about financial security.

Amit Dave, Chief Distribution Officer – Proprietary Business, Tata AIA, said, “Life insurance offers much-needed financial security to people, including the vulnerable section of society. Therefore, the responsibility for creating this awareness rests with us all. Tata AIA is committed to advancing financial inclusion and financial security for Indians through the ‘Pledge to Protect’‘ movement. We are committed to expanding insurance coverage in India, and Tata AIA will tirelessly work to reach our goal of securing 1 lakh lives in the January-March quarter.”

Under the Pledge to Protect drive, Tata AIA has undertaken diverse initiatives involving its 599 branches and over 1.43 lakh tied agents and employees across India. These include roadshows, jogger’s park activities, housing society engagements and health camps. In addition to localising outreach, the Company will collaborate with local Non-Governmental Organizations (NGOs), Panchayats, and Self-Help Groups (SHGs), enabling it to educate and onboard individuals in rural and semi-urban areas.

Over 550 Tata AIA branches have already initiated the drive, engaging close to 70,000 agents, employees and customers.

Beyond insurance, Tata AIA is also fostering financial empowerment through Jagruti, a financial literacy initiative where employees volunteer to educate underprivileged communities about essential financial tools. With a structured training module available in Hindi, English, and regional languages, employees are encouraged to share their knowledge, ensuring that at least four individuals in their network gain the confidence to make informed financial decisions. More than 3,300 Tata AIA employees have already volunteered as part of this initiative.

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To address this growing demand, Tata AIA Life Insurance (Tata AIA) has launched the Smart Pension Secure Plan, an innovative Unit-Linked Pension Plan (ULIP) designed to align with new-age retirement needs. From creating second income streams to securing retirement savings, this plan caters to the aspirations of digital natives and modern professionals seeking financial security and independence.

Why Smart Retirement Planning is Critical in Today’s Age

• Longer Life Expectancy: With Indian men and women expected to live longer by 4 – 5 years till the age of 76 – 80 (GBD Study 2021), retirees need a steady income for longer durations.
• Changing Demographics: Millennials, who represent over a third of India’s population (440 million individuals), face the dual challenges of longer retirement and lack of traditional pension benefits.
• Entrepreneurial Mindset: More and more individuals are embarking on major career shifts or launching their own startup ventures. Even as they do so, they wish to ensure that their retirement related needs are addressed, amid the risks of jumping on the entrepreneurial bandwagon.
• Lifestyle Aspirations: Modern retirees want to continue with their lifestyle even after retirement, making market-linked growth opportunities and flexible solutions essential. For instance, many retirees now aspire to buy or upgrade their luxury cars or go for foreign holidays, as they were doing in their earning years. This requires smart financial planning and investing to ensure they can continue to afford these experiences.
• Rising Cost of Living: With medical inflation hovering around 10% and increasing living expenses, retirement plans need to offer not only growth potential but also address evolving needs.

Tata AIA’s Smart Pension Secure Plan is a pioneering step towards addressing these changing trends, offering market-linked growth, flexibility, and peace of mind for consumers   aspiring for a secure and fulfilling retirement.

Key Features:

Smart Pension Secure Plan is customised in a way that it helps consumers live a fikar-free life. Some of its key benefits include:

• Plan Early Retirement:  Complete flexibility to retire as early as age 45 years!
• Market-Linked Returns: Multiple funds across asset classes with option to allocate 100% funds in Equity. Unlimited fund-switches at no cost.
• Cost Effective Plan: Your entire premium gets invested in the funds of your choice, allowing your money to grow and pave the way for a dream retirement.
• Reward for staying invested: Online purchase comes with added Fund Boosters & Loyalty additions.
• Health Buddy: To ensure a happy and “Healthy” retirement, Health Buddy is a complementary service providing attractive discounts on pharmacy purchases and diagnostic tests at customers’ convenience. The customer can also choose for OPD services by opting for Health Secure Rider.
• Tax Benefits: Save Tax u/s 80CCC and avail 60% Tax free on Lumpsum at Maturity
• Added Protection coverage: In-built Waiver of Premium option to secure family needs at the time of distress.

Smart Pension Secure Plan is available with Tata AIA Alpha 50 Index Pension Fund. The New Fund Offer is priced at INR 10 per unit till January 31, 2025.

Why This Plan is a Game-Changer for Today’s Workforce

• Your Source of Income Post Retirement: The flexibility of market-linked investments, combined with zero premium allocation charges, enables individuals to build a strong financial cushion. By focusing on equity growth, the plan helps create a robust retirement corpus that can support second incomes, entrepreneurial ambitions, or even early retirement.
• Flexible Investing to Adapt to Equity Market Movements: Unlimited, zero-cost fund-switching options empower policyholders to adapt to market conditions, optimising returns to meet their evolving financial goals.
• Designed for Digital Natives: Seamlessly integrated into Tata AIA’s digital ecosystem including new age partners, the plan offers a convenient and intuitive experience for modern professionals who value instant and convenient purchase journeys.
• Lifestyle Security:  Whether it is funding your travel aspirations or sustaining a contemporary lifestyle, the plan equips consumers with the tools to design a secure and fulfilling future. The fund’s equity focus ensures continuous wealth creation, making it a reliable choice for those planning for long-term financial independence and growth.

Commenting on the launch, Jeelani Basha, President & Chief Distribution Officer, Tata AIA Life Insurance, said: “Millennials and FIRE aspirants aspire for new age financial planning as they prioritise early retirement and maximum wealth creation. Tata AIA Smart Pension Secure Plan, available on Tata AIA’s website and leading platforms like Policybazaar, Tata Neu, and PhonePe, enables these consumers to take charge of their financial future with ease. This plan is designed for individuals who value flexibility, growth, and a seamless online experience, helping them be Har Waqt Ke Liye Taiyaar in their golden years.”

Digital Convenience at Its Core

The plan can be accessed through Tata AIA’s platforms and its digital partner ecosystem, including Policybazaar, Tata Neu, and PhonePe* enabling seamless, anytime, anywhere accessibility. These collaborations integrate Tata AIA’s customer-first approach with the advanced capabilities of these platforms, ensuring policy purchases without physical documentation. Additionally, the plan’s user-friendly digital interface allows individuals to monitor, manage, and customize their retirement investments effortlessly, offering a streamlined and tech-savvy solution for achieving long-term financial security and post-retirement goals.

Santosh Agarwal, CBO, Life Insurance, Policybazaar, says, “India’s approach to retirement planning is evolving with the growing prevalence of nuclear families and longer life spans. This shift brings forth the need for thoughtful financial planning to ensure one’s post-work years are marked by comfort and independence. Keeping these priorities in mind, Policybazaar is delighted to partner with Tata AIA Life Insurance to launch tailored financial solutions in the form of new-age ULIP pension plans. These plans are a well-structured way to balance growth opportunities with stability for the years ahead. This collaboration reflects Policybazaar’s commitment to equipping individuals with meaningful resources to navigate retirement planning.”

Amreesh Kher, Chief Business Officer – Insurance, Tata Digital said, “With the evolving needs of customers, we at Tata Digital aim to make financial planning easy and accessible for everyone. The Smart Pension Secure Plan, in partnership with Tata AIA Life Insurance, is a step towards helping our users plan for a worry-free retirement, while marking Tata Neu’s entry into the pension space. With this retirement plan, customers can manage their savings and investments digitally and conveniently, ensuring they are well-prepared for every stage of life – all on Tata Neu.”

Nilesh Agarwal – Head of Insurance Business, at PhonePe added, “India’s demographic advantage today comes with the responsibility to prepare for a secure tomorrow. With rising inflation, limited social security, and evolving family structures, the need for robust pension solutions has never been greater. We are proud to partner with Tata AIA to launch the Smart Pension Secure Plan, enabling individuals to take charge of their financial futures with flexibility and confidence, ensuring peace of mind for a worry-free retirement.”

Tata AIA has thoughtfully tailored its plans to cater to the needs of diverse consumers. There are two distinct plan options to ensure that every lifestyle is covered:

Two Plan Options to Suit Every Lifestyle

1. Smart Pension Secure: Focused on market-linked investments with flexibility in fund-switching and robust death benefits.
2. Smart Pension Secure Plus: Adds premium waiver benefits for continued plan security in case of the policyholder’s demise.

Plan Flexibility

• Entry Age: 35 to 75 years (varies by payment term).
• Vesting Age: Starts at 45 years, with a maximum of 85 years for Single/Limited Pay and 75 years for Regular Pay.
• Policy Term: Ranges from 10 years to the maximum vesting age.

Tata AIA’s Smart Pension Secure Plan empowers millennials to bridge this gap and secure a stress-free retirement.

The post Tata AIA Life Insurance Launches Smart Pension Secure Plan: A Tailored Solution for Modern Retirement Needs appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.

Claims Settlement Ratio is a key measure used to assess an insurer’s reliability. Simply put, it is the percentage of claims settled out of the total number of claims received in a year.

A high Claims Settlement ratio demonstrates a brand’s commitment to honouring claims, which in turn builds consumer confidence. A company’s claim settlement ratio can give consumers an idea of how willing it is to pay valid claims, but it should not be taken at face value. The reason for this is that the Claim Settlement ratio may temporarily be skewed due to the volume of claims, factors beyond the insurer’s control, and long claim pending periods. It is possible for an insurer to record a higher claim settlement ratio during a particular quarter than it did during the previous period.

One of the major factors that drive a claim settlement ratio is disclosing all material facts about the Insured’s health, past Insurance cover, and details on Occupation and income in the proposal form while availing of the cover. Material disclosure leads to an informed underwriting decision and a hassle-free and faster processing of claims.

Tata AIA’s Executive Vice President and Head of Operations, Sanjay Arora, offers an interesting perspective on the claim settlement ratio. “Claim settlement ratio is also viewed basis of Claims Value. It is imperative to note that the claim value may look distorted if any high-value claim gets repudiated due to non-disclosure of material facts by the Insured. Hence this, in isolation is not the right metric to be referred to.

Hence, the annual claim settlement ratio is the key metric to be considered. Consumers should additionally focus on how the company has performed over time, for example, the last five years on the claim settlement ratio. This will reveal how consistently a high level of claim settlement has been maintained,” Mr. Arora added.

Persistency ratio is another key metric, that consumers should consider while choosing a life insurer. This ratio measures the percentage of people who renew their life insurance policy annually, reposing their trust in the brand.

One of the key Persistency metrics is the 13th Month Persistency ratio or the percentage of consumers renewing their policies one year after buying them. This is most important since unsatisfied consumers are unlikely to renew their policies. Further, one should evaluate the insurer on other periods including the 25^th, 37^th, 49^th, and 61^st month, thereby gauging the quality of service and support over a longer period.

According to Mr. Arora, “A life insurance policy offers long-term assurance that the life cover will remain active for the duration of the policy.  High Persistency Ratios indicate that an insurance company cares about its customers’ financial future. As a result, consumers should also look at how a company performs on the persistency front, along with checking its claim settlement ratio record.”

To ensure maximum consumer satisfaction, life insurers strive to provide the best-in-class consumer experience. Since Net Promoter Score (NPS) is the gold standard of customer experience metrics, the industry has put considerable effort into improving the NPS. Tata AIA, for example, has implemented an NPS study that maps 18 aspects of consumer experience to implement consumer feedback rigorously. As a result of this initiative, the NPS of Tata AIA improved to 80 in FY24.

For FY24, Tata AIA also delivered a very impressive Claim settlement performance. The Individual Death Claim Settlement ratio for FY24 improved to 99.13% from 99.01% in the last fiscal year. During the financial year, the Company settled claims valued at INR 1086.15 crores, benefiting 5499 consumers. As of FY24, 424.62 crore of total claims amounts were settled within 24 hours, ensuring consumers received their claims amount the following day.

Tata AIA’s Individual Dealth Claim ratio has steadily increased over the past few years:

As for the other key business metric, Tata AIA performed very well. For FY24, Tata AIA ranked #1 in 4 out of 5 cohorts of Persistency, across different renewal cycles i.e. from the 13th month to the 61st month, on a premium basis.

The post The Claim Settlement Ratio: How to Interpret It appeared first on newsmantra.in l Latest news on Politics, World, Bollywood, Sports, Delhi, Jammu & Kashmir, Trending news | News Mantra.