The life insurance subsidiary of Aditya Birla Capital Limited (ABCL), Aditya Birla Sun Life Insurance (ABSLI) launched ABSLI Assured Flexi Savings Plan. Besides life cover, the plan 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. 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. 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 These annual incomes grow with a 5% Income Booster added every year to augment savings, provided it is not withdrawn. 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. 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. The plan is designed for customers who are looking for guaranteed wealth and ease of liquidity.
