Aditya Birla Sun Life Insurance Company Limited
Plan Smarter, Live Better!
Thank you for your details. We will reach out to you shortly.
Currently we are facing some issue. Please try after sometime.
Time always moves faster than we expect. You may still remember the time you received your first salary clear as day, but will be stumped to realize that your retirement has rolled around so quickly. Planning for retirement becomes necessary as you will be fighting against inflation, daily living expenses, and high medical costs. Additionally, old age always comes with its own set of emergencies. Ensuring that you create a corpus sufficient enough to deal with each of these is essential. Retirement is a reality for anybody, but it is easy to forget to prepare well for it. This is why retirement planning is needed early in your financial journey.
Here is a summary of a few key reasons why retirement planning is so necessary
Retirement planning has many key steps. You must keep in mind a few factors before you opt for it. Here are the steps to getting a retirement plan for yourself.
The fundamental goal of retirement planning is to ensure that, once your salary ceases to be regular, you continue to have a source of income that can take care of your monthly expenses. All retirement plans have this as their basic motive. In fact, if you have any kind of adequate income post-retirement, your every financial need can be taken care of with complete confidence.
When it comes to holding a retirement plan together, life insurance plays a huge role. Oftentimes, for many individuals, retirement planning involves not just the insured, but their family as well. While saving and investing is vital, the risk of an unforeseen fatality always exists. In case the breadwinner of the family is absent, the non-working spouse might find this time incredibly stressful. Using an affordable retirement plan to secure your loved ones is crucial.
Life insurance allows the nominee to receive a Sum assured in case of the death of the insured. This sum can be used to aid their retirement situation. If both spouses survive, their retirement goals can be achieved. Hence, life insurance in a retirement plan can help secure your loved ones and also grow your investments. All in all, planning for your retirement ensures a smooth inflow of finances even when you do not have a recurring source of income.
Thank you for your details. We will reach out to you shortly.
Thanks for reaching out. Currently we are facing some issue.
Give ₹1 lakh/ month for 5 years and Get ₹ 4.06 lakhs every year till your life1
Multiple annuity options, Regular income stream.
Guaranteed# lifelong income
Top-up option for annuity
Single/Joint Life cover option
Deferred annuity option
Give :
₹ 1 lakhs/Month for 5 year¹
Get :
₹4.06 lakhs/-
Guaranteed returns after a month¹
1 Annuitant -Health Male: Age 45 years invests in ABSLI Guaranteed Annuity Plus | Annuity Option: Deferred Life Annuity with Return of Premium | Premium payment term – Limited pay (5 years) | Purchase Price: Rs. 1,00,000/ month including modal loading for 5 years | Deferment period: 5 years Annuity Pay-out Frequency: Annual | Single life. Get Rs 4,06,340 /- (Exclusive of taxes) every year till annuitant is alive.
ABSLI Guaranteed Annuity Plus Plan is a Non-Linked, Non-Participating, General Annuity Plan (UIN: 109N132V15).
# Provided all due premiums are paid
ADV/3/20-21/2644