Aditya Birla Sun Life Insurance launches ABSLI Assured Income Plus

Aditya Birla Sun Life Insurance launches ABSLI Assured Income Plus
Posted On:
2020-12-17 00:49:48
(Time Zone: Arizona, USA)
Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), today announced the launch of its new plan ABSLI Assured Income Plus. ABSLI Assured Income Plus offers guaranteed monthly income to fulfil monetary requirements of an individual and their family's recurring needs for up to 30 years while building a financial safety net.
This non-linked, non-participating individual savings plan offers several options providing enough flexibility to customize the product as per one's requirements. It comes with two-income benefit options and allows the flexibility of three premium paying term options of 6, 8, and 12 years. While, the Income Only Benefit option (first in the industry) enables customers to fulfil their income needs, the Income Benefit with Return of Premium option helps in creating a legacy for the loved ones, in addition to recurring income. One may opt to receive the benefits annually, semi-annually, quarterly, or monthly for a period of 20, 25 or 30 long years, according to an individual's financial milestones. It also offers flexibility to commute all future incomes and Return of Premium, if any, as lumpsum, to address an untimely monetary need. Additionally, the plan gives enhanced risk coverage with a comprehensive rider suite at a nominal cost.

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