Birla Sun Life Pension Plans

Aditya Birla Sun Life Pension Plans
  • 425+ Branches all over India
  • Great Claim Settlement Ratio
  • Most Trusted Insurer
PX step

#Virukipolicy | T&C*

Free Quotes From Top Companies

1

2

D.O.B
Income
| Gender

1

2

Phone No.
Name
Email
City

By proceeding you are accepting our T&C and privacy policy

About Aditya Birla Sun Life Insurance Company

Aditya Birla Sun Life is one of the leading and most trusted life insurance companies in India. It is a subsidiary of Aditya Birla Capital Limited. The company was incorporated on 4th August 2000 and started its operations in January 2001. ABSLI is a joint venture between the Aditya Birla Group and Sun Life Financial Inc. with a partnership of 51:49.

The company is offering a wide range of effective insurance products cater to different needs of customers. It has more than 16 lac active customers as well. The company is catering to the needs of customers starting from protection to retirement.

  • Trusted Insurer: Aditya Birla Sun Life Insurance Company is the most trusted brand and has gained several accolades in the life insurance industry.
  • Claim Settlement Ratio: The company carries a great claim settlement ratio of 97.15 %. The higher the claim settlement ratio, the better it is.
  • Wide Reach: The company has 425+ branches, 9 bancassurance partners, 6 distribution channels and over 85,000 direct selling agents to connect with customers.
Birla Sun Life Pension Plans

Statistics

HeadquarteredMumbai
Claim Settlement Ratio97.15%
Grievances solved 99.75%
Employees16000+
Business LineLife Insurance

Birla Sun Life Pension Plans in India

Aditya Birla Sun Life Insurance Company is offering multiple pension plans online to secure your post-retirement days. Below is the list of all Aditya Birla Sun Pension Plans.

1. ABSLI Empower Pension Plan

ABSLI Empower Pension plan is designed especially to ensure that you are secured during the second innings of life. It is a unit-linked nonparticipating pension plan which offers a simple and hassle-free process. It assists you to stay focus on your goals and improve your savings to secure your future. This plan will help you to stay away from worries.

Key Features of ABSLI Empower Pension Plan

  • Guaranteed Additions: To enhance the coverage and to offer more benefits to the customers, this plan will provide guaranteed additions.
  • Vesting Benefit: On the Vesting date, the plan will offer greater vesting benefit or the fund value. The Guaranteed Vesting Benefit is assigned at the inception only.
  • Death Benefit: During the policy tenure, in case of the demise of the insured the insurance company will provide the Guaranteed Death Benefit or Fund Value as on the date of intimation of death.
  • Surrender Benefit: In case of any emergency, the plan allows you to surrender the policy till vesting. YOu must check the guidelines for the same.

Eligibility of ABSLI Empower Pension Plan

Entry Age (age on last birthday)25 - 70 years
Accumulation Period5 - 30 years subject to a maximum vesting age of 80 years
Pay TermRegular Pay
Basic PremiumMinimum Rs.18,000 p.a. if paid annually

2. ABSLI Immediate Annuity Plan

It is a traditional, non-participating, single premium plan that is designed to offer regular income after retirement. This plan makes sure that you are enjoying your post-retirement period happily. It offers multiple investment options as well.

Key Features of ABSLI Immediate Annuity Plan

  • Income: The plan will provide a guaranteed income for the life of the annuitant which will be based on the annuity rate purchased. It shall be applicable and guaranteed through the life of the insured.
  • Payout Frequency Options: Along with several other advantages, the plan offers monthly, quarterly, semi-annual or annual payouts as per your requirement.
  • Medical Test: To get insured under this Aditya Birla pension plan, you don't have to go for the medical or screening test.
  • Tax Benefit: As other life insurance and investment products, this plan also offers tax benefits under Section 80CCC of Income Tax Act.

Eligibility of ABSLI Immediate Annuity Plan

Entry Age30-90 years
Frequency of incomeMonthly, quarterly, semi-annual or annual
Purchase priceMin. Regular Income of Rs.1,000, Rs.3,000, Rs.6,000 or Rs.12,000

3. ABSLI Empower Pension - SP Plan

ABSLI Empower Pension - SP Plan is designed to offer financial freedom to you so that you can enjoy second innings of life easily. The plan will also help you to focus on goals and save to secure for the future. It will keep you away from worries and help you to plan right.

Key Features of ABSLI Empower Pension - SP Plan

  • Guaranteed Additions: The plan offers guaranteed benefits to enhance the cover from the 6th policy anniversary onwards. It is going to help you in the long run.
  • Vesting Benefit: On your vesting date, the plan is liable to offer the greater of your Guaranteed Vesting Benefit or the Fund Value. This benefit usually varies by your chosen vesting date and risk profile.
  • Death Benefit: In case of an unfortunate demise of the insured, while the policy is active, the company will pay to the nominee, the greater of the Guaranteed Death Benefit or Fund Value.
  • Surrender Benefit: In case of any emergency, if you feel like to surrender then you can do the same anytime during the accumulation period. The discontinuance date will be the date when you surrender the policy.

Eligibility of ABSLI Empower Pension - SP Plan

Entry Age25 - 70 years
Pay TermSingle pay
Accumulation Period5 - 20 years, subject to a maximum vesting age of 80 years
Single-PremiumMinimum-100000
Maximum- No-limit

Why Aditya Birla Sun Life Insurance Pension Plan?

Aditya Birla Sun Life Insurance Pension Plans are the most preferred option when you want to invest for retirement. The company has experience of many years in the same domain and committed to offering desired results to its customers.

  • It carries a good claim settlement ratio which makes it the right insurance company.
  • The 24*7 assistance, a wide range of products and affordable premiums are some attractive points of this ABSLI.
  • It offers protection, investment, and retirement plans.
  • The company has launched the best Birla Sun Life pension plans with interesting features so that it can easily meet the needs of customers.

In this age, whilst inflation is ever-growing and medical bills ought to provide you with the jitters, the absence of an ordinary income can pressure you out. This is why you need robust retirement plans to ensure your own family's financial security. Aditya Birla Sun Life Insurance Retirement solutions give you plans that assist you with the desired coverage and that too on time. Such non-collaborating, unit-linked pension plans help you in making your investments meticulously and allow you to achieve goals after your retirement.

You also get the liberty to pick your premium, coverage term and your vesting length, which makes making plans your savings and investments even less difficult. So you can cross beforehand and plan an overseas experience together with your family or maybe start your assignment, all together with your cash.

  • Multiple pension plans to cater to the different needs of customers
  • Several Annuity Options under Birla Sun Life Pension Plans
  • Guaranteed Income with Birla Sun Life pension policy.

What Are Pension Plans?

Who doesn't dream of a satisfied, peaceful and stress-free retired life? This golden segment of life is awaited by almost all the folks who have been a part of the charge race for years. But the rising standard of living and inflation threaten to shatter this dream. However, with some meticulous planning, you could without problems triumph over these hurdles and experience your retirement.

Birla Sun Life Insurance pension plans make it smooth to escape this economic conundrum. It gives three incredible retirement plans that help you in building a dependable fund of cash to see you through the put up-retirement degree. This insurance agency understands your goals and helps you in making them come real with their brilliant plans. You do not need to wait till you turn 60 to experience the perks of retired life. Birla Sun Life Pension plans will come up with the freedom to select your very own retirement age and revel in the high-quality years of your life with those beneficial pension plans.

Benefits Of Birla Sun Life Retirement Plans

Below are some of the benefits of Birla Sun life Retirement solutions:

  • Plans provided under this company will assist you to be impartial and experience your golden innings.
  • Most of the plans are unit-linked, non-taking part pension plans that make your retirement life problem-free.
  • Birla Sun Life Pension plans assist you in changing your financial savings right into an everyday source of profits after retirement that you could use anytime.

FAQs

Well, there is no specific age to invest in a pension plan. It will be good to invest as soon as possible.

Payout is the facility that allows you to avail loan against your policy and allows partial withdrawals in case of an emergency.

No, Retirement plans are not taxable. However, if you made any withdrawals that can be taxable.

For ULIP products, service tax is charged on all the charges that are levied on your policy. In the case of traditional endowment, health, and term insurance products, service tax is charged on the total premium that you pay.

The premium of retirement plans varies from plan to plan and age to age. You can use a pension premium calculator to understand the same.

Birla Sun Life Insurance pension plan provides an accidental death benefit, critical illness benefit, and permanent disability benefit.

If the life insured dies who has a plan without cover, you will need to submit policy documents, claim intimation form, documents of the life insured including address proof, photo, and ID proof, medical records, and passbook.

- / 5 ( Total Rating)

Last updated on 07-11-2019