Aditya Birla Sun Life Insurance has launched an annuity plan - This single premium plan offers guaranteed regular income for retirement and future financial needs.
This non-linked, non-participating plan provides customers the flexibility to choose either an immediate or deferred annuity.
The plan allows individuals aged minimum forty-five years to choose from 10 annuity options: from single life to joint life, each tailored to an individual’s post-retirement goals.
In a press release, Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance said, “As we forge forward in life, and deal with the disruption caused by the pandemic, people are adopting practical yet cautious approach towards managing their finances. They are seeking out options to generate guaranteed returns. The annuity product provides for this critical need and allows one to generate regular income during one’s retirement, without worrying about the rising prices, increasing health care costs, higher life expectancy etc.”
