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Tata AIA Shubh Muhurat

Your child’s wedding is one of the most precious milestones in life, and a dream destination wedding adds an unforgettable charm to this special day. Tata AIA’s Shubh Muhurat ensures you are financially prepared to make this dream come true.

With planned payouts and long-term wealth growth, you can secure the perfect destination, breathtaking arrangements, and cherished memories without financial worries.

Why Saving for Your Child’s Marriage is Important?

Marriage holds a special place in Indian culture, often regarded as one of the most significant milestones in a child’s life. Studies show that:

Often Indian parents prioritize saving for their child’s marriage over other major life goals like buying a house or retirement planning.
In 2024, the average Indian wedding costs ₹36 lakh, rising to ₹51 lakh for destination weddings⁵. These budgets are expected to grow with time due to evolving trends and inflation.
Indian families spend nearly one-fifth of their lifetime wealth⁶ to weddings, as these occasions go beyond mere celebrations; they are often seen as status symbols and a reflection of parents' aspirations to provide their child with a dream wedding.
Early investing helps you fulfil your child's wedding aspirations without compromising other life goals.

At Tata AIA, we recognize this deep cultural need and the financial challenges that come with it. Shubh Muhurat is our solution, designed to support parents in fulfilling this cherished dream.

Wedding Budget Calculator

First Step: Enter details

Current wedding expenses (₹)

Inflation rate (%)

Current age of the child

Child's age at the time of the wedding

Current savings for wedding (₹)

Expected annual rate of ROI (%)

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Wedding Budget Calculator

Discover your savings goal

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Wedding Budget Calculator

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Cost of wedding after 16 years

₹ 65,00,000

Amount to be saved monthly to meet the cost of your child's wedding

₹ 15,000

Your Child’s Dream Wedding Starts with Early Financial Planning

Planning a destination wedding involves various expenses—from travel and accommodations to venue arrangements and decor. Here’s how financial planning helps:

01

Budgeting Your Dream

Start by setting a realistic budget. Determine how much you’re willing to spend on your wedding without compromising your financial health.
02

Invest Early

If a destination wedding is your dream, start saving early. Explore investment options like savings plans that not only grow your funds but also provide financial security.
03

Stress-Free Execution

Knowing your finances are in order reduces stress, allowing you to focus on enjoying the process and creating memorable moments with your loved ones.
04

Balancing Long-Term Goals

While focusing on your wedding, a good financial plan ensures your long-term goals like securing your child’s education or saving for retirement aren’t neglected.

Tata AIA Shubh Muhurat Plan Benefits

Receive Timely Proceeds for Wedding Milestones

Achieve your child’s wedding goals effortlessly with planned payouts aligned with key milestones.
Security of your investment

The premium amount paid by you will be protected¹ to offer a lump sum benefit
Long-Term Equity Growth

Grow your wealth steadily to meet grand aspirations, ensuring a lavish and unforgettable grand wedding.
Exclusive Protection for Loved Ones

With the MWPA (Married Women's Property Act), safeguard policy benefits for your family, protected from creditors or lenders.
Get Comprehensive coverage

Protect your family’s future with comprehensive life coverage throughout the policy term.
Premium Waiver

The Benefit Protect Rider ensures future premiums are waived, keeping your dreams for a memorable wedding intact even in challenging times.
Top Rated Funds

Maximize your returns with access to our top-rated funds², rated 4 or 5 stars by Morningstar³, ensuring steady and reliable growth for your investments.
Tax Benefits

Get tax⁴ benefit on both premium payments and policy benefits, as per prevailing tax laws.

Looking to buy a new insurance plan?

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1.How does the Benefit Protect Rider work
The Benefit Protect Rider provides immediate death benefit for family in case of death of the life insured, waives future premiums, ensuring policy continuity and helps pays maturity benefit to the nominees.

2.What is MWPA, and how does it protect the benefits
MWPA (Married Women’s Property Act) ensures that policy benefits are exclusively secured for your family and protected from creditors or lenders.

3.Who is this plan ideal for?
Tata AIA Shubh Muhurat is ideal for parents aspiring to plan a grand wedding or other significant milestones for their child.

4.What tax benefits are available under this plan?
You can avail of tax4 benefits on premiums paid and policy payouts as per prevailing tax laws.

Shubh Muhurat Solution is a combination of Tata AIA Life Insurance Fortune Guarantee Secure (Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan) UIN:110N206V02 and Tata AIA Life Insurance Smart Fortune Plus (Unit Linked, Individual Life Insurance Savings Plan)-UIN:110L177V01.
These products are also available for sale individually without the combination offered/ suggested. This benefit illustration is the arithmetic combination and chronological listing of combined benefits of individual products. The customer is advised to refer the detailed sales brochure of respective individual products mentioned herein before concluding sale.
Tata AIA Benefit Protection Rider - A Non-Linked, Non-Participating Individual Pure Risk Health Rider (UIN: 110B049V03)
¹Return of invested premium in the form of Regular Income or Lumpsum benefit through Tata AIA Life Insurance Fortune Guarantee Secure (Individual, Non-Linked, Non-Participating, Life Insurance Savings Plan)
²All funds open for new business which have completed 5 years since inception are rated 4 star or 5 star by Morningstar as of August 2024
³©2024 Morningstar. All rights reserved. The Morningstar name is a registered trademark of Morningstar, Inc. in India and other jurisdictions. The information contained here: (1) includes the proprietary information of Morningstar, Inc. and its affiliates, including, without limitation, Morningstar India Private Limited (“Morningstar”); (2) may not be copied, redistributed or used, by any means, in whole or in part, without the prior, written consent of Morningstar; (3) is not warranted to be complete, accurate or timely; and (4) may be drawn from data published on various dates and procured from various sources and (5) shall not be construed as an offer to buy or sell any security or other investment vehicle. Neither Morningstar, Inc. nor any of its affiliates (including, without limitation, Morningstar) nor any of their officers, directors, employees, associates or agents shall be responsible or liable for any trading decisions, damages or other losses resulting directly or indirectly from the information.
⁴Income Tax benefits would be available as per the prevailing income tax laws, subject to fulfillment of conditions stipulated therein. Income Tax laws are subject to change from time to time. Tata AIA Life Insurance Company Ltd. does not assume responsibility on tax implication mentioned anywhere in this document. Please consult your own tax consultant to know the tax benefits available to you.
⁵https://www.hindustantimes.com/business/average-wedding-budget-rs-36-5-lakh-in-2024-up-7-from-last-year-report-101732946638686.html
⁶https://timesofindia.indiatimes.com/blogs/voices/economic-relevance-of-wedding-celebrations-happily-ever-after/
These products are underwritten by Tata AIA Life Insurance Company Limited.
The customer is advised to refer the detailed product brochure of respective individual products, segregated premium particulars of each product.
The premium amounts shown in the illustration above is indicative and calculated assuming that the life Proposed/ Assured is a healthy person.
Depending upon the factors such as health, occupation of the customer and other intrinsic factors such as non-submission of documentary evidence like age proof, the premium will be adjusted accordingly, asper the underwriting guidelines of Tata AIA Life Insurance Company Limited.
For details of the rates and the terms and conditions applicable to the particular person/ policy, kindly refer to the specifications in the policy document after issuance.
For more details on risk factor, terms and conditions, please read Sales brochure of the particular plan carefully before concluding a sale.
The fund is managed by Tata AIA Life Insurance Company Ltd. (hereinafter the "Company").
Past performance is not indicative of future performance. Returns are calculated on an absolute basis for a period of less than (or equal to)a year, with reinvestment of dividends (if any).
Please make your own independent decision after consulting your financial or other professional advisor.
All investments made by the Company are subject to market risks. The Company does not guarantee any assured returns. The investment income and price may go down as well as up depending on several factors influencing the market.
The performance of the managed portfolios and funds is not guaranteed, and the value may increase or decrease in accordance with the future experience of the managed portfolios and funds.
To know the details of premium and benefits for each plan of this combination solution please go through the benefit illustration of individual product as provided to you.
The benefits available under this combination shall be as per the respective product's terms and conditions. All Premiums, Charges and interest payable under the policy are exclusive of applicable taxes, duties, surcharge, cesses or levies which will be entirely borne/ paid by the Policyholder, in addition to the payment of such Premium, charges or interest. Tata AIA Life shall have the right to claim, deduct, adjust, recover the amount of any applicable tax or imposition, levied by any statutory or administrative body, from the benefits payable under the Policy.
Insurance cover is available under these products.
All reference to age is as on last birthday.
These plans are not a guaranteed Issuance plan, and it will be subject to Company's underwriting and acceptance.
Buying a life insurance policy is a long-term commitment. An early termination of the policy usually involves high costs, and the Surrender Value payable may be less than the total premiums paid.
Unit Linked Life Insurance products are different from traditional insurance products and are subject to risk factors.
Premium paid in ULIPs are subject to Investment risks associated with capital markets & the NAV of the units may go up or down based on the performance of the fund and factors influencing capital markets & the insured is responsible for his/her decision.
Tata AIA Life Insurance Company Limited is only the name of the Insurance Company & Tata AIA Life Insurance Smart Fortune Plus is only the name of the Unit Linked Life Insurance contract and does not in any way indicate the quality of the contract, its future prospects or returns.
Please know the associated risks and the applicable charges, from your insurance agent or the Intermediary or policy document issued by the insurance company.
Various funds offered are the names of funds and do not, in any way, indicate the quality of the funds, their future prospects & returns
L&C/Advt/2025/Jan/0377

Tata AIA Shubh Muhurat

Why Saving for Your Child’s Marriage is Important?

Wedding Budget Calculator

Wedding Budget Calculator

Wedding Budget Calculator

Your Child’s Dream Wedding Starts with Early Financial Planning

Tata AIA Shubh Muhurat Plan Benefits

Receive Timely Proceeds for Wedding Milestones

Security of your investment

Long-Term Equity Growth

Exclusive Protection for Loved Ones

Get Comprehensive coverage

Premium Waiver

Top Rated Funds

Tax Benefits

Looking to buy a new insurance plan?

Frequently Asked Questions

Disclaimer