Tata AIA launches ‘Shubh Health Criti’ — unit‑linked health fund plan (ULIP + health)

What: Tata AIA launched a ULIP product combining investment with long‑term health corpus for critical illnesses (covers 60+ illnesses), ages 18–65, 30‑year premium guarantee and integrated wellness features.

Significance: Financial innovation blending insurance, investment and health preparedness; reflects private sector solutions for rising healthcare costs.

UPSC relevance: Insurance product innovation, health financing.

Practice Q: Discuss merits and consumer protection concerns with hybrid insurance‑investment products.