Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), has introduced the ABSLI Nishchit Aayush Plan, a non-linked non-participating individual savings life insurance plan that provides guaranteed regular income beginning as early as the end of the first policy month and a lump-sum benefit at maturity.
ABSLI Nishchit Aayush Plan combines financial security and wealth building by allowing policyholders to meet their immediate liquidity needs without risk. Policyholders will have the most flexibility in customising their plans, with a choice of income benefits, various income variants, premium payment options, policy terms, and deferment periods, according to the corporation.
ABSLI Nishchit Aayush Plan has a maximum entrance age of 55 years, with a minimum age of 30 days (long-term income option) and 30 years (whole life income). The annualised minimum premium is 30,000. Policyholders can select between premium payment terms of 6, 8, 10, and 12 years.
Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance, said, “ABSLI Nishchit Aayush Plan will enable our policyholders to leverage maximum flexibility & upfront liquidity in the form of a regular guaranteed income. Moreover, this plan will instil the idea of disciplined savings as it also provides lump-sum benefits and a regular source of income. ABSLI Nishchit Aayush plan integrates the benefits of a guaranteed savings plan & desired agility, enabling the policyholders to achieve their goal of creating a secure future and a comfortable lifestyle for themselves and their loved ones.”
ABSLI Nishchit Aayush plan offers competitive returns with a great degree of flexibility. The plan has variable premium payment arrangements and allows policyholders to select from a variety of insurance terms to meet their specific needs. Consumers can take use of the benefits of this plan over a long period of time (25, 30, 35, or 40 years) or for the rest of their lives (100 – Age at entry).
