Aditya Birla Sun Life Insurance Company Limited (ABSLI), the life insurance subsidiary of Aditya Birla Capital, has launched the ABSLI Smart Wealth Pension Plan, a unit-linked, non-participating individual pension plan designed to help customers build a retirement fund and secure a regular lifelong income through an annuity.
The plan offers three options—Advantage, Prime and Elite—along with Single Life and Joint Life choices. Customers can select from five investment funds and four investment strategies based on their risk appetite and retirement goals. It also offers enhanced benefits for women policyholders and fund boosters, including loyalty additions and an annuity booster.
Mr. Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance Company Limited, said, “Retirement today is about having the freedom to pursue one’s aspirations and enjoy life with confidence. Achieving this requires thoughtful financial planning from an early stage. With ABSLI Smart Wealth Pension Plan, we aim to offer customers the flexibility, choice and long-term benefits needed to build a retirement fund that supports their future goals.”
At maturity, customers can withdraw up to 60% of the corpus, subject to applicable regulations, with the balance available for annuity purchase. The plan is available to individuals aged 18 to 75 years through ABSLI’s distribution network and online channel.
