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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
ABSLI Saral Pension
Key Features of ABSLI Saral Pension Plan
Guaranteed regular Income for retired life
Option to receive annuity payments for as long as you or your partner are alive
Choice of multiple pay-out options
No medical tests
Plan Options
Option 1: Life Annuity with Return of 100% of Purchase price (ROP)
Option 2: Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor
Benefits
Death Benefit
Option 1: Life Annuity with Return of 100% of Purchase Price (ROP)
Survival Benefit
Option 1: Life Annuity with Return of 100% of Purchase Price (ROP)>
Coverage All Individuals (Male | Female | Transgender)
Age of the Life Insured(s) at Entry (age as on last birthday) Minimum: 40 Years Maximum: 80 Years Note - For Joint life annuities, the age limits apply to both lives.
Maturity Age of the Life Insured(s) (age as on last birthday) Not Applicable
Premium Payment Term (PPT) Single Pay
Policy Term (PT) Whole Life
Annuity pay-out frequency
The annuity payout frequencies available are : Yearly, Half- Yearly, Quarterly, Monthly.
The annuity will be payable in arrears at the end of chosen annuity payment frequency from the date of purchase of the plan. Annuity instalments shall be as specified below.
|
Frequency of Annuity |
Annuity Amount payable |
|
Yearly |
Annual Annuity |
|
Half yearly |
98%*Annual Annuity/2 |
|
Quarterly |
97%*Annual Annuity/4 |
|
Monthly |
96%*Annual Annuity/12 |
Minimum Annuity Amount Rs. 1,000 per month, Rs. 3,000 per quarter, Rs. 6,000 Per half year and Rs. 12,000 per year.
Maximum Annuity Amount No Limit (subject to Board Approved Underwriting Policy)
Minimum Single Premium/Purchase Price Rs. 2,14,182
Maximum Single Premium/Purchase Price No Limit
Note:-
- Only your spouse can be the Secondary Annuitant.
- Annuity Option once chosen cannot be changed thereafter.
How Does ABSLI Saral Pension Plan work?
Invest in annuity for regular payments
Buy ABSLI Saral Pension
Other Retirement Plans
ABSLI Empower Pension Plan
(UIN: 109L078V03)
ABSLI Empower Pension Plan is a simple, hassle-free, unit-linked pension plan, which helps you in accumulating premiums and investment returns thereof into a corpus for retirement.
ABSLI Empower Pension – SP Plan
(UIN: 109L094V02)
ABSLI Empower Pension – SP Plan, is a single premium pension plan designed specially to ensure that you remain in control of your destiny even during the second innings of life.
ABSLI Saral Pension FAQs
Key features of ABSLI Saral Pension are as follows:
- Guaranteed Income: Annuity once purchased is guaranteed for lifetime
- Option to receive annuity payments for as long as you or your partner are alive: You have the option to choose a single life or a joint life annuity.
- Option to choose the frequency of payout: You may choose to receive your annuity payouts on a yearly, half-yearly, quarterly or monthly basis, as per your needs and requirement.
- Easy Issuance: No medical tests required to purchase this plan
Anyone whose age at entry(as on last birthday) is between 40 to 80 years is eligible to avail ABSLI Saral Pension.
Note - For Joint life annuities, the age limits apply to both lives.
There are 2 Plan Options available under this plan:
Option 1: Life Annuity with Return of 100% of Purchase price (ROP)
Option 2 :Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor
The Plan option once chosen at inception cannot be changed anytime during the Policy Term.
The minimum Purchase Price (Single Premium) under this plan is Rs. 2,14,182.
The minimum annuity amount is Rs.1,000, Rs.3,000, Rs.6,000 and Rs.12,000 for monthly, quarterly, semi-annual and annual mode of annuity payment respectively. There is no limit for maximum annuity payable, however it is subject to the Board Approved Underwriting Policy.
This Policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a Non-Linked Non-Participating Single Premium Individual Immediate Annuity Plan
All terms & conditions are guaranteed throughout the Policy Term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. For further details please refer to the Policy contract. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true. Registered Office: One World Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 www.adityabirlasunlifeinsurance.com Reg. No. 109 | CIN: U99999MH2000PLC128110 UIN: 109N130V01 ADV/6/21-22/378
The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned By ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License.
