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In this policy, investment risk in investment portfolio is borne by the policyholder.
Linked insurance products do not offer any liquidity during the first five years of the contract. The policyholder will not be able to withdraw/Surrender the monies invested in Linked Insurance Products completely or partially till the end of the fifth year from inception.

Benefits of ABSLI Empower Pension Plan

Guaranteed Additions-You will be benefitted in the form of additional units added to your policy
Vesting Benefit-On vesting date, you will receive the greater of (a) your Guaranteed Vesting Benefit or (b) the Fund Value. The Guaranteed Vesting Benefit is assigned at the inception & varies by the chosen vesting date and risk profile.

The policyholder can utilise the vesting benefit in the following manner:
  • Extend the accumulation phase
  • Enter into a single pay deferred pension plan
  • Commute upto 1/3rd of the Vesting Benefit and receive the amount in a tax-free lump-sum
  • Enter into an income (annuity) phase
Death Benefit -In the unfortunate event of the life insured's death, 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 of death. The Guaranteed Death Benefit is the greater of (a) 105% of all basic premiums paid or (b) Accumulation of all basic premiums paid till date at a compounding guaranteed rate. The guaranteed rate varies basis the risk profile chosen by the policyholder.
Surrender Benefit -In case of emergencies, you can surrender your policy to us anytime till vesting. During the first 5 policy years the benefit on surrender will be as per the Policy Discontinuance clause in the product brochure. After five years, the surrender benefits can be availed in the following manner:
  • Enter into a single pay deferred pension plan; or
  • Commute to the extent allowed (as per the extant Income Tax Act) and utilize the balance to receive a stream of regular income; or
  • Enter into an income (annuity) phase
Tax Benefits-As per extant tax laws, this plan offers tax benefits under Section 80CCC and Section 10(10A) of the Income Tax Act, 1961, subject to fulfilment of the other conditions of the respective sections prescribed therein.
Tax benefits are subject to changes in tax laws. Please consult your tax advisor for more details.
For further details on benefits, please refer to the product brochure.


This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit linked life insurance pension plan. Aditya Birla Sun Life Insurance and ABSLI Empower Pension Plan are only the names of the Company and Policy respectively and do not in any way indicate their quality, future prospects or returns. The name of the funds offered in this plan does not in any way indicate their quality, future prospects or returns. The charges are guaranteed throughout the term of the policy unless specifically mentioned and subject to IRDA 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 policyholder is responsible for his/her decisions. There is no guarantee or assurance of returns above the guaranteed returns from the investment funds. Service Tax 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. For more details on risk factors, terms and conditions please refer to the sales brochure before concluding the sale. Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. CIN: U99999MH2000PLC128110 Registration No. 109 ADV/5/17-18/147 VER1/MAY/2017

IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call number.
Unique No. 109L078V02