Aditya Birla Sun Life launches non-participating savings life insurance plan

ABSLI Assured Savings Plan: Assured Savings Plan from ABSLI is a non-participating savings product, which offers a mix of protection and savings benefits.

Pexels – This policy offers fully guaranteed lump sum benefit on maturity.

ABSLI Assured Savings Plan: Aditya Birla Sun Life Insurance (ABSLI), the life insurance subsidiary of Aditya Birla Capital Limited (ABCL), has announced the launch of ABSLI Assured Savings Plan under its new age savings solution. This is a non-participating savings product. The plan offers fully guaranteed lump sum benefits on completion of the policy term and provides long-term financial security to the consumers by combining the benefits of both savings and protection in a single plan.

In addition to the guaranteed lump sum benefit, the policyholder will be eligible to receive accrued loyalty benefit on the maturity of the policy, which will further boost the total payout. Policyholders can also enhance their financial security by adding several safety-oriented riders like critical illness rider, accidental death rider etc. Various options are offered in this plan, such as- Joint Life Cover, multiple premium paying term options, flexible policy term and rider option.

Key Features of ABSLI Assured Savings Plan

Loyalty Additions: Loyalty Additions are added to your policy on payment of all due premiums, thereby boosting your maturity corpus.
Flexibility: You can choose from various premium paying terms, policy terms and multiples of Sum Assured to suit your needs.
Guaranteed Benefits: The company provides you with guaranteed benefits. Fully Guaranteed Benefit on Death or Maturity i.e. this policy provides full guaranteed sum assured on maturity or on death.
Financial Security: Comprehensive risk cover is available on the death of the insured.
Combined Life Safety Options: You can cover your spouse in the same policy through joint life cover option.
Riders: Through riders, one can avail additional risk cover and enhance their safety.

Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance said, ‚ÄúToday’s customer needs adequate life insurance and wants to get cover for specific risks as well. With ABSLI Assured Savings Plan, we aim to provide double protection to our policyholders and their loved ones from financial distress in case of any unfortunate event, and to accumulate lump sum savings benefits to achieve all their dreams. wanna help.”

what should be done?

It is necessary for any person to have a term plan of sufficient amount. If you already have a term plan and its cover is enough to provide financial security to your family in your absence, then you can buy such savings-cum-insurance plan, but remember there are many different ways to save in the market. There are options, which have the potential to give good returns. If you are happy with the returns of a savings-cum-insurance plan, then you can definitely invest in it. Experts believe that insurance and investment should never be mixed together.

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