Check All Features, Benefits Here

The life insurance subsidiary of Aditya Birla Capital Limited (ABCL) – Aditya Birla Sun Life Insurance, launched a new hyper-flexible product on Wednesday, May 19 to offer life insurance plans to customers. The new Aditya Birla Sun Life Insurance’s Vision LifeIncome Plus plan offers guaranteed regular income to policyholders and also provides flexible bonus payouts. According to a statement shared by the insurer, the new Vision LifeIncome Plus plan is suited to customer’s financial needs at all stages of life and is a customizable savings plan. (Also Read:Max Bupa Launches ‘Senior First’ Plan For Senior Citizens: Check Benefits )

According to Aditya Birla Sun Life, the new non-linked participating individual plan is designed in such a way that it can offer several plan options tailor-made to suit the policyholder’s unique financial requirements across all stages of life. The savings plan offers guaranteed regular income for up to 30 years, in order to help customers meet evolving life goals and reap the benefits of a comprehensive life cover.

In a unique feature, the Vision LifeIncome Plus plan brings an upside through completely flexible bonus pay-outs which can be accumulated for wealth creation or withdrawn at the convenience of the policyholder for instant access to money. Additionally, the plan provides tax-free guaranteed additional income for life, besides offering the benefit of liquidity or cash in hand whenever the customer requires funds.

The Vision LifeIncome Plus plan offers the flexibility and choice of three benefit options. The options include short-term income, long-term income (till age 100 or 85), and whole life income, in order to cater to the needs of policyholders across all stages of life. 

• The short-term income offers guaranteed monthly income payable for 10 years, along with bonuses. This option is an ideal solution for the salaried individuals below 45 years of age, who can plan for a secured income or an early retirement.
• The long-term income offers guaranteed annual income payable for 20, 25, 30 years, along with bonuses. This option can help individuals to achieve specific milestones and build a legacy.
• The whole life income offers guaranteed annual income payable for till the age of 85 years or over 100 years, along with bonuses. This option is an ideal plan for retirement and legacy planning.