life insurance plan: The new Vision LifeIncome Plus plan is tailored to the financial needs of the customer at all stages of life and is a savings plan tailored to the needs of the beneficiaries.
Aditya Birla Sun Life Insurance (ABSLI), a life insurance subsidiary of Aditya Birla Capital Limited (ABCL), has launched a new savings plan. ABSLI Vision Life Income Plus Plan. It offers regular income and extra bonuses.
According to a report shared by the insurer, the new Vision LifeIncome Plus plan is tailored to the financial needs of the customer at all stages of life and is a savings plan tailored to the needs of the beneficiaries.
According to Aditya Birla Sun Life, the unincorporated new personal plan is designed to suit the policyholder’s unique financial needs. The savings plan offers a guaranteed return of up to 30 years to help customers meet growing living needs and receive the benefits of comprehensive life insurance.
In addition, this plan brings bonuses. This will increase the money and allow the customer to withdraw money for their convenience if required.
The ABSLI Vision Life Income Plus plan provides tax-exempt guaranteed extra income and provides cash or cash on hand whenever funds are needed.
Aditya Birla, Sun Life Insurance’s MD, introduced the scheme. And CEO Kamlesh Rao said, “The epidemic is causing fluctuations in the economy and markets. Adequate savings have become very important for the future. Individuals today need plans that can be customized to suit their unique needs at different stages of life and can ensure the complete security of future financial goals.
The ABSLI Vision LifeIncome Plus plan will meet this immediate need of customers by increasing their income and reducing risk. He said the complete solution would help individuals meet their short- and long-term financial needs as well as provide bonus returns.
The ABSLI Vision Life Plan offers the following benefits at the customer’s discretion.
The Vision Life Income Plus plan offers three options to choose from. Options include short-term income, long-term income (up to 100 or 85 years) and full life income to meet the needs of policyholders at all stages of life.
Short-term income
Get a guaranteed monthly income and bonus for 10 years. . It may be a better choice for salaried individuals under the age of 45, a safer income or for those planning to retire early.
Long-term income
Guaranteed annual income for 20, 25, 30 years and bonuses. This will help individuals to achieve the specific economic goal.
Full life income
Guaranteed annual income up to 85 years or up to 100 years with bonus. This is the best plan for leisure and planning.
Guaranteed regular income
Protect customers’ savings and provide guaranteed returns.
Bonus payment
The bonus is announced in the form of ‘cash addition’, which can be used to amass wealth or create a contingency fund. For immediate cash flow needs can be obtained as a cash transfer from the first policy year. There is an additional facility to withdraw half / full of the payments earned at any time during the policy term.
Comprehensive life insurance
The scheme offers life insurance cover up to 100 years. In the event of the unfortunate death of the insured at any time during the term of the policy, the scheme will provide a lump sum to the nominee. Also, the remaining premiums will be waived, thereby protecting the future of the customer’s family in his / her absence.
Advantages: Customization of this comprehensive plan to suit the needs of the customers at nominal cost is also provided.
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