Often, we erroneously believe that the most important years of a person's life start
in young age and peak in the 40s. However, the most important years begin at age
60. In the autumn of one's life, when a regular income stops but expenses continue
unabated, it is often a tightrope walk between daily living costs and increasing
Too often, people begin thinking about their retirement once they cross the age
of 50. Retirement looms large and suddenly seems much closer than it is. But it
is never too soon to plan for one's peaceful and worry-free retirement. And Birla
Sun Life Insurance has the best retirement plans that are helping scores of Indian
retirees live their life on their own terms after 60 years of age.
Consider these three exceptional pension plans from Aditya Birla Sun Life Insurance:
ABSLI Empower Pension Plan: This is a unit-linked non-participating pension
plan that helps you create a savings corpus for your retirement years. You can take
the plan when you are 25 years of age and it has a regular pay term. You can pay
annually, semi-annually, quarterly and annually. You can also choose a vesting date
to get an accumulation period of five to 30 years.
ABSLI Immediate Annuity Plan: This
retirement plan provides a much-needed source of income in the golden years.
You can convert your savings or regular lump sum payments into a guaranteed source
of income over your lifetime. Besides, you can avail of this income when you choose
to after the age of 60. The pay-out on the plan is made monthly, quarterly, half-annually
and annually – you can choose the frequency. The option chosen will determine the
premium payment. There are 6 annuity options to choose from.
ABSLI Empower Pension – SP Plan: This is a unit-linked insurance plan that
helps augment your savings for a stress-free retirement. It is a single-pay pension plan in which you pay a single premium to
get an accumulation benefit. How this works is that the returns on the premium are
managed by ABSLI's trusted managers, such that the retirement corpus created over
the years can be paid out when you vest the policy. However, you cannot withdraw
the money invested till five years of the plan are completed.
Thus, these three pension plans go a long way in giving you the peace of mind and
freedom from financial worry that you seek in your retirement years.