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After working hard for decades, you have earned the right to relax peacefully after retirement. But when work stops, so will your income.
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After working hard for decades, you have earned the right to relax peacefully after retirement. But when you stop working, so will your income. However, your expenses won't. Escalating healthcare costs and inflation will deplete your savings rapidly, making it essential to have a secured alternate source of income. Here's where the Aditya Birla Sun Life Insurance Immediate Annuity Plan can work for you. It enables you to convert your savings or lump sum amounts into an instantly guaranteed lifetime income source after retirement, which you can avail anytime you choose to.
 
How does the plan work?
 
Step 1
Decide the amount of premium (lump sum amount) you want to pay to purchase the annuity depending on the amount of regular income you wish to receive.
 
Step 2
Choose one of the 6 payout options as mentioned below.
 
Step 3
Choose your annuity payout mode from monthly, quarterly, semi-annual or annual.
 

Choose the Annuity Plan that best suits you

Aditya Birla Sun Life Insurance Immediate Annuity Plan offers a choice of 6 Annuity options you can choose from.
 
Option 1
Annuity payable for life at uniform rate. Upon the unfortunate death of the annuitant the annuity payouts will cease
 
Option 2
Annuity payable for life with return of purchase price on death of annuitant
 
Option 3
Annuity payable for the chosen term of 5/10/15/20 years is guaranteed and after that as long as annuitant is alive. In case of death of annuitant during chosen term nominee will continue to receive the annuity for balance term.
 
Option 4
Annuity payable for life at a simple increasing rate of 3% per annum. Upon the unfortunate death of the annuitant the annuity payouts will cease.
 
Option 5
Joint Life Last Survivor where the annuity is first paid to the primary annuitant. After the death of the primary annuitant, the second annuitant (spouse) continues to receive the annuity. Upon the unfortunate death of the secondary annuitant the annuity payouts will cease.
 
Option 6
Joint Life Last Survivor with return of purchase price. Here the annuity is first paid to the primary annuitant. After the death of the primary annuitant, the second annuitant (spouse) continues to receive the annuity. Upon the unfortunate death of the secondary annuitant, the purchase price is returned to the beneficiary/nominee.
 
 
 
 
Disclaimer
This is a non- participating non linked traditional annuity plan. Annuity payouts 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. Service Tax 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.Regd. Office: Aditya Birla Sun Life Insurance Company Limited, One Indiabulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. CIN: U99999MH2000PLC128110 Registration No. 109. ADV/5/17-18/146 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.
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