In unfortunate circumstances, the plan provides a lump sum Death Benefit to the nominee(s)/heir(s), as long as the policy is in-force.ĪBSLI, a subsidiary of Aditya Birla Capital Ltd, is 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial Inc. In addition to its retirement benefits, the ABSLI Nishchit Pension Plan also offers life insurance coverage throughout the policy term. Policyholders can avail the vesting benefit until the age of 75, with a minimum vesting age of 45 years.
The minimum annualized premium required is Rs. The plan sets a maximum entry age of 65 years and a minimum entry age of 30 years. It provides flexible Premium Payment Term (PPT) and Policy Term (PT) options, allowing individuals to choose from various premium payment term durations, including 5, 6, 8, 10, 12 years, or regular pay options.
The ABSLI Nishchit Pension Plan offers customization options to policyholders based on their retirement goals.
