You strive hard all your life to ensure you have enough money
for a comfortable life aer retirement. While your income stops, your
expenses don't. With increasing life expectancy and rising medical
costs, the need to have an alternate income aer retirement is
important. The Aditya Birla Sun Life Insurance Immediate Annuity
Plan keeps your savings aside and gives you a regular income in
your retirement years, so you can enjoy a happy and relaxed
How does your plan work
- STEP 1
Decide the amount of premium (lump sum amount) you want to pay to purchase the annuity
depending on the amount of regular income you wish to receive.
- STEP 2
Choose one of the 6 payout options as mentioned below.
- STEP 3
Choose your annuity payout mode from monthly, quarterly, semi-annual or annual.
- STEP 4
Choose how would like to receive your annuity from either post dated cheques or through
direct credit to your bank account.
Key advantages of this Plan
Guaranteed income for the life of the annuitant is based on the annuity rate
purchased and shall be applicable and guaranteed through the life of the annuitant.
- Payout frequency options
Plan to have monthly, quarterly, semi-annual or annual pay-outs as per your need
- Medical test
None required to get the policy.
- Tax benefit
Tax benefits under Section 80CCC.
(1)Tax benefits are subject to changes in tax laws. Please consult your tax advisor for more details.
Choose the Annuity Plan that best suits you
Aditya Birla Sun Life Insurance Immediate Annuity Plan offers a choice of 6 Annuity options
you can choose from
Annuity payable for life at uniform rate. Upon the unfortunate death of the annuitant the
annuity payouts will cease.
Annuity payable for life with return of purchase price on death of annuitant
Annuity payable for the chosen term of 5/10/15/20 years is guaranteed and after that as
long as annuitant is alive. In case of death of annuitant during chosenterm nominee will
continue to receive the annuity for balance term.
Annuity payable for life at a simple increasing rate of 3% per annum. Upon the unfortunate
death of the annuitant the annuity payouts will cease.
Joint Life Last Survivor where the annuity is first paid to the primary annuitant. After the
death of the primary annuitant, the second annuitant (spouse) continues to receive the
annuity. Upon the unfortunate death of the secondary annuitant the annuity payouts
Joint Life Last Survivor with return of purchase price. Here the annuity is first paid to the
primary annuitant. After the death of the primary annuitant, the second annuitant (spouse)
continues to receive the annuity. Upon the unfortunate death of the secondary annuitant,
the purchase price is returned to the beneficiary/nominee.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI).This is a non- participating non linked
traditional annuity plan. Annuity payouts are taxable as per extant tax laws. The annuity rates are revised from time to time,
applicable annuity amount can be seen at our website. GST and Education Cess and any other applicable taxes will be added (extra)
to your premium and levied as per extant tax laws. For more details on risk factors , terms & conditions, please read sales brochure
carefully before concluding the sale. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance
Company Limited) Regd. Office: Birla Sun Life Insurance Company Limited, One Indiabulls Centre, Tower 1, 16th Floor, Jupiter Mill
Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. IRDAI reg no.109 CIN: U99999MH2000PLC128110 ADV/4/17-18/2340 VER1/APR/2018