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.
|Claim Settlement Ratio||97.15%|
|Business Line||Life Insurance|
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.
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.
|Entry Age (age on last birthday)||25 - 70 years|
|Accumulation Period||5 - 30 years subject to a maximum vesting age of 80 years|
|Pay Term||Regular Pay|
|Basic Premium||Minimum Rs.18,000 p.a. if paid annually|
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.
|Entry Age||30-90 years|
|Frequency of income||Monthly, quarterly, semi-annual or annual|
|Purchase price||Min. Regular Income of Rs.1,000, Rs.3,000, Rs.6,000 or Rs.12,000|
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.
|Entry Age||25 - 70 years|
|Pay Term||Single pay|
|Accumulation Period||5 - 20 years, subject to a maximum vesting age of 80 years|
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.
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.
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.
Below are some of the benefits of Birla Sun life Retirement solutions:
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.
Last updated on 06-11-2020