Recently, Aditya Birla Sun Life Insurance (ABSLI) announced the launch of the ABSLI Fixed Maturity Plan (UIN 109N135V01). This plan is designed to offer policyholders short & long-term financial security by integrating FD beating returns and protection. Comparatively, this policy provides a higher return interest of 6.42%.
This one-time single pay plan assures a wide range of policy terms depending on the need, with a minimum policy term of 5 years and a maximum of 10 years. No penalty for early surrender of policy and starting at 100%, the surrender benefit will increase by 1% every year, ensuring policyholders do not lose their money in case they have to surrender the policy. Tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits.
Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance, said, “The ABSLI Fixed Maturity Plan gives the required cushion of financial guarantee for all their dreams with industry best returns, allowing them to plan their investments accordingly. It also provides them with a comprehensive life cover which safeguards their family in case of any eventuality”.