~ A unique retirement solution offering guaranteed income and market linked income for life
Mumbai: Aditya Birla Sun Life Insurance Company Limited (“ABSLI”), the life insurance subsidiary of Aditya Birla Capital, India’s leading diversified financial services company, today announced the launch of ABSLI Vision Retirement Solution – an innovative and flexible retirement solution offering a regular stream of income for your retirement.
ABSLI Vision Retirement Solution is thoughtfully designed to meet the needs of today’s smart retirees. The solution combines the ABSLI’s Guaranteed Annuity Plus, which ensures guaranteed annuity payouts for life, with ABSLI’s Wealth Infinia Plan, which provides equity-linked growth potential to stay ahead of inflation.
The solution offers guaranteed payouts till the age of 100, ensuring lifelong financial security, while the equity-linked portion enables better payout prospects with market exposure unlocking potential of inflation beating income.
Customers can choose between two premium allocation options, 60:40 or 50:50 between the guaranteed annuity and market-linked components, and select their preferred income pay-out frequency such as annual, semi-annual, quarterly, or monthly to suit their lifestyle and cash flow requirements. The solution also offers death benefit for legacy creation to the next generation.
Mr. Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance Company Limited said, “We believe retirement should be a time to live life free from all financial worries. With Aditya Birla Sun Life’s Vision Retirement Solution, individuals can enjoy lifelong income potential that is designed to beat inflation, along with flexible premium options for lasting financial security. Featuring guaranteed annuity and equity-linked payouts, this solution empowers smart retirees to plan for tomorrow while enjoying today. This solution starts at a premium of just ₹1 lakh making it easily accessible for broader mass markets in addition to HNIs and mass affluent segments.”
This unique solution is available for people between age 40 to 65 years planning for their retirement income with flexible premium payment term of 7/8/10 years and annual premium starting from Rs.1 Lakh.
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