The linked Insurance Products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to surrender/withdraw the monies invested in Linked Insurance Products completely or partially till the end of the fifth year.
Your retirement years are your second innings, a new life where you leave behind your working life and responsibilities and
find time for yourself. During this time, you want to be empowered to do all that you could not while working
- exotic holidays, time with family and loved ones, pilgrimage etc. However, to enable yourself to have a worry
free retirement, you need to plan right, so that you can truly enjoy your golden years.
Presenting, ABSLI Empower Pension – SP Plan this plan will help you gain financial freedom during your second innings. The
plan helps you focus on your goals and enhances your savings for a future free from worries.
Benefits in the form of additional units will be added to your policy from the 6th policy anniversary onwards.
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.
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
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.
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 policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a single pay non-participating unit linked life insurance pension plan. Linked Life Insurance products are different from the traditional insurance products and are subject to the risk factors. 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. Please know the associated risks and the applicable charges, from your Insurance agent or the Intermediary or policy document. The various funds offered under this contract are the names of the funds and do not any ways indicate the quality of these plans, their future prospects and 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. GST 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. Aditya Birla Sun Life Insurance Company Limited (formerly Birla Sun Life Insurance Company Limited) Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. ADV/10/17-18/979 VER1/OCT/2017