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In this policy, investment risk in investment portfolio is borne by the policyholder.
Linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to withdraw/Surrender the monies invested in Linked Insurance Products completely or partially till the end of the fifth year from inception.

Benefits of Empower Pension - SP Plan

Guaranteed Additions -Benefits in the form of additional units will be added to your policy from the 6th policy anniversary onwards.

Vesting Benefit -On your vesting date you will receive the greater of (a) your Guaranteed Vesting Benefit or (b) the Fund Value. The Guaranteed Vesting Benefit varies by your chosen vesting date and risk profile. Guaranteed Vesting Benefit once assigned to your policy at inception shall remain constant.

On the vesting date, you will have various options to avail your vesting benefit.

Death Benefit -In the unfortunate event the life insured dies while the policy is in effect, we will pay to the nominee the greater of (a) the Guaranteed Death Benefit or (b) Fund Value as on date of intimation of death.

The Guaranteed Death Benefit is the greater of (a) 105% of the Single Premium paid or(b) Accumulation of the Single Premium paid till date at a compounding guaranteed rate. The guaranteed rate varies by the risk profile chosen by the policy owner.
Surrender Benefit- In case of emergencies, you can surrender your policy to us anytime during the accumulation period. The discontinuance date is the date when you surrender the policy.
For details on the above mentioned benefits,
please refer to product brochure before concluding the sale.


This is a single pay non-participating unit linked life insurance pension plan. Aditya Birla Sun Life Insurance and ABSLI Empower Pension – SP Plan are only the names of the Company and Policy respectively and do not in any way indicate their quality, future prospects or returns. The name of the funds offered in this plan does not in any indicate their quality, future prospects or returns. The charges are guaranteed throughout the term of the policy unless specifically mentioned and subject to IRDAI of India approval. The value of the investment fund reflects the value of the underlying investments. These investments are subject to market risks and change in fundamentals such as tax rates etc affecting the investment portfolio. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policy owner is responsible for his/her decisions. There is no guarantee or assurance of returns above the guaranteed returns from the investment funds. Service Tax and Education Cess and any other applicable taxes levied as per extant tax laws shall be deducted from the premium or from the allotted units as applicable. Tax benefits are subject to changes in the tax laws. For more details, risk factors, terms & conditions please read the sales brochure carefully. Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. ADV/4/17-18/111

IRDAI of India hereby clarifies to the public that IRDAI of India or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums IRDAI of India does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call, number.
Unique No : 109L094V01