Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), launched its new plan ABSLI Assured Flexi Savings Plan. It offers fully guaranteed benefits and allows policyholders instant access to their money by giving them the flexibility to make unlimited withdrawals. The flexibility to make unlimited withdrawals is hitherto unseen in the insurance market. Besides life cover, it aims to provide guaranteed benefits to provide for future goals while empowering customers with liquidity at hand, to fulfil short term goals or unplanned money needs.
ABSLI Assured Flexi Savings Plan is a fully guaranteed, non-linked non-participating life insurance plan. This plan provides annual Income to the policyholder, which is accumulated for 10 years or 12 years till the end of the policy term. These annual incomes grow with a 5% Income Booster added every year to augment savings, provided it is not withdrawn. The plan provides flexibility to withdraw the accrued amount as and when needed. Moreover, the plan returns 110% of total premiums paid, back to the policyholder during policy maturity. It also offers a one-time loyalty addition on the accumulated amount under the policy.
ABSLI Assured Flexi Saving Plan is designed for customers who are looking for guaranteed wealth and ease of liquidity. Besides offering guaranteed returns and instant access to money, it also provides protection with a comprehensive life cover across the policy term, additional riders and a variety of Premium Payment Terms.