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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.


Your retirement years are your second innings, a new life where you leave behind your working life and responsibilities and find time for yourself. During this time, you want to be empowered to do all that you could not while working - exotic holidays, time with family and loved ones, pilgrimage etc. However, to enable yourself to have a worry free retirement, you need to plan right, so that you can truly enjoy your golden years.

Presenting, ABSLI Empower Pension – SP Plan this plan will help you gain financial freedom during your second innings. The plan helps you focus on your goals and enhances your savings for a future free from worries.
Let's understand how this plan works:
ABSLI Empower Pension – SP Plan is a unit linked, non-participating pension plan.

A simple, hassle free plan that invests your single premium and the investment returns thereof into a corpus for your retirement. This period of retirement corpus generation is called the "accumulation period." Once you decide to vest your policy, you will enter into the "income phase" where your corpus will be used to purchase a stream of regular income payable for the rest of your lifetime.

During the accumulation period we offer our Smart Option– an option where you allow us to manage and administer your investment portfolio on your behalf, based on your chosen vesting date and risk profile to meet your retirement objectives.

Your accumulated retirement corpus is utilised at vesting (retirement) to purchase an annuity option with us prevailing at that time.
Steps to buying
Step 1 Choose your single premium amount
Step 2 Choose your vesting date
Step 3 Choose your risk profile
Aggressive | Moderate | Conservative

Plan at a glance

Entry Age (age last birthday) : 25 - 70 years
Accumulation Period : 5 – 20 years; subject to maximum vesting age of 80 years
Pay Term : Single pay
Single Premium : Minimum Rs. 1,00,000; Max - No limit
This is a single pay non-participating unit linked life insurance pension plan. Aditya Birla Sun Life Insurance and ABSLI Empower Pension – SP 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 indicate their quality, future prospects or returns. The charges are guaranteed throughout the term of the policy unless specifically mentioned and subject to IRDAI of India 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 policy owner 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. Tax benefits are subject to changes in the tax laws. For more details, risk factors, terms & conditions please read the sales brochure carefully. Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. ADV/4/17-18/111

IRDAI of India hereby clarifies to the public that IRDAI of India or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums IRDAI of India 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 : 109L094V01