ABSLI’s Immediate Annuity Products
ABSLI Immediate Annuity Plan
A traditional, non-participating, single-premium plan to receive regular income after your retirement, so that you and your spouse can enjoy the golden years of your life.
- Guaranteed income for the lifetime
- 6 plan options to receive pay-outs
- Tax benefits under section 80CCC1
Benefits of investing in a Immediate Annuity Scheme
Ability to provide good returns
The Immediate Annuity plan should be able to provide inflation-beating returns on your investment. With ABSLI’s Immediate Annuity plans, you can earn interests at competitive rates or make profits by investing in top-quality funds.
Flexibility to the investors
A plan which offers flexibility to the investors in terms of premium payment and pay-out frequencies is deemed the best. ABSLI’s Immediate Annuity plans are designed to offer you the desired flexibility with multiple premium-payment and pay-out options.
A Immediate Annuity plan must be able to provide an option to the sponsor to include his/her employees as well as their spouse in the scope of coverage. With ABSLI’s Immediate Annuity plans, you have the option to cover your employees as well as their wives or husbands.
How much liquidity?
Though it’s not advisable to use the funds accumulated for paying retiral benefits, a Immediate Annuity plans should offer a certain degree of liquidity to aid you in times of distress.
Frequently Asked Questions
Can I invest in multiple Immediate Annuity plans?
Yes. You can invest in multiple Immediate Annuity plans to accumulate substantial corpus to pay regular income to your employees post their retirement.
How does a Immediate Annuity plan work?
As an employer, you’re required to make a one-time payment or pay regular premiums towards a Immediate Annuity policy. The contributions made by you will be used to pay regular pension to your employees after their retirement.
Is it mandatory to provide Annuity to the employees?
Though it’s not mandatory to provide Annuity benefits to your employees, it’s prudent to do so to ensure the financial independence of your employees after their retirement.
What is meant by Annuity?
Annuity refers to the regular stream of income which is provided by the employers to their employees post their retirement.
Who can invest in ABSLI’s Immediate Annuity plans?
Any employer, trustee, central or state Government, Public Sector Undertakings (PSUs), MNCs, or group sponsors can invest in ABSLI’s Immediate Annuity plans.
Why choose ABSLI’s Immediate Annuity scheme?
Our Immediate Annuity plans are designed to provide you a peace of mind with:
19+ years of experiences investment managers
Complete transparency and flexibility to manage your portfolio
Consistent returns in top quartile across products
High quality portfolio with the right mix of debt and equity
Service for Policy Holders
For West region - 9088020805
For South region - 9916992444
For East and North region - 9560425798
Write to Us
For or any query, Please write to email@example.com
For West region - Anandita.Dubey2@adityabirlacapital.com
For South region - Karundeep.Kaur@adityabirlacapital.com
For East and North region - Ashish.Bhardwaj@adityabirlacapital.com
1Tax benefits are subject to changes in tax laws. Please consult your tax advisor for more details.
The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned By ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License.”
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI).This is a non- participating non linked traditional annuity plan. Annuity pay-outs 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.
Registered Office: One World Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 www.adityabirlasunlifeinsurance.com IRDAI Reg. No. 109 | CIN: U99999MH2000PLC128110 UIN: 109N083V03 ADV/11/20-21/1600