Aditya Birla Sun Life Insurance has launched ABSLI Assured Income Plus. The plan offers guaranteed monthly income for up to 30 years.
The plan 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 enables customers to fulfil their income needs, the income benefit with return of premium option helps in creating a legacy for the loved one in addition to recurring income. Investors may opt to receive the benefits annually, semi-annually, quarterly, or monthly for a period of 20, 25 or 30 years.
In a press release, MD & CEO of Aditya Birla Sun Life Insurance, Kamlesh Rao, said, “It is designed specifically for customers who are looking for an additional/alternate source of guaranteed long-term income. Besides these, the policy also offers a comprehensive life cover across the policy term. The goal of this product is to assist people to upgrade their lifestyle and fulfil their financial aspirations without compromise through a guaranteed inflow of recurring income stream.”
The scheme also offers sum assured in a lump-sum to the nominee in case of unfortunate death of the life insured anytime during the policy term.
