Tata AIA Rolls Out ‘Shubh Health’ Criti Health Fund: What Is It? Check Key Features

Tata AIA Life Insurance has launched Shubh Health Criti, a unit-linked life insurance solution. The ULIP plan will help in earning market-linked returns and will cover more than 60 critical illnesses. People can also make tax-free withdrawals for treatment costs.

The plan covers more than 60 critical illnesses and offers a premium guarantee for 30 years. The ULIP plan also includes dual life OPD cover for outpatient needs. Here are all the details about Tata AIA Life Insurance.

Tata AIA Life Insurance Shubh Health Criti Plan | Key Features

Dedicated Medical Fund

The ULIP helps in building a dedicated medical fund with market-linked returns, covers more than 60 critical illnesses and permits tax-free withdrawals for treatment, so policyholders can prepare financially for serious health events before they occur.

Market-Linked Returns

Contributions are invested in market-linked funds, and the accumulated corpus can be withdrawn, without tax, for procedures, therapies or other eligible treatment expenses related to covered serious illnesses.

Shubh Health Criti Linked With Health Buddy

The Shubh Health Criti is closely linked with Health Buddy, which is Tata AIA Life Insurance's wellness platform. The Health Buddy platform will help customers to access cancer screening, regular health checks and personalised tracking tools.

Health Buddy translates these findings into regular assessments and reminders. "Health planning has always been reactive- a safety net for when things go wrong. Shubh Health Criti flips that equation. It's a fund you build, a future you plan for and a wellness ecosystem that keeps you healthier along the way," said Jeelani Basha Chief Business Officer, Partnership Distribution and Group Business, Tata AIA Life Insurance.

OPD Cover

Shubh Health Criti also offers Dual Life OPD cover for outpatient needs of the policyholders and family. There will be waiver of premiums of death or disability occurs and optional benefits for terminal illness, accidental disability and accidental death.

Tax Free Withdrawals

Tax-free withdrawals from the health fund give flexibility when medical bills arise. Shubh Health Criti also provides for the return of Health Buddy premiums, subject to the chosen option and conditions. Entry is available from age 18 to 65 years, based on age at last birthday, with detailed eligibility rules explained on www.tataaia.com and in the product brochure.

Tata AIA Shubh Health Criti Structure

The Tata AIA Shubh Health Criti solution is structured from three parts: Tata AIA Health SIP, Tata AIA Health Buddy and Tata AIA Comprehensive Protection Rider. Market-linked returns within the solution depend on investment performance, so the value of the health fund can rise or fall with financial markets.

Tata AIA Health SIP and Tata AIA Health Buddy are also sold as stand-alone offerings, which means that people can separately buy these plans.