Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), has announced the launch of a new-age savings solution ABSLI Akshaya Plan, a non-linked participating individual savings life insurance plan offering immediate liquidity option through Cash Bonus facility. This plan provides the benefit of a comprehensive life insurance cover and a regular source of income to ensure the fulfilment of your family’s growing needs.
ABSLI Akshaya Plan enables the policy holder to draw cash bonus from the end of 1st policy year, providing a regular source of income. Furthermore, policy holders have the option to receive Cash Bonus (if declared) in annual, semi-annual, quarterly or monthly frequency and the same shall be payable at the end of the year, half-year, quarter or month, as the case may be.
Commenting on the launch of ABSLI Akshaya Plan, Mr Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance, said, “It is our constant endeavour at Aditya Birla Sun Life Insurance tohelp our customers with a life cover while addressing their savings needs as well.” The maximum entry age to avail ABSLI Akshaya Plan is 55 years, while the minimum age is 30 days. Furthermore, the minimum annualized premium is Rs. 24,000 Policy holders can choose from multiple premium payment term options ranging from6, 8, 10, 12 & 15 years.