ABSLI launches Akshaya Plan

Aditya Birla Sun Life Insurance (ABSLI) announced the launch of a new-age savings solution ABSLI Akshaya Plan, a non-linked participating individual savings life insurance plan offering an immediate liquidity option through a Cash Bonus (if declared) facility.

ABSLI Akshaya Plan enables the policyholder to draw a cash bonus from the end of 1st policy year, providing a regular source of income. Furthermore, policyholders can 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, Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance, said, “ABSLI Akshaya Plan will enable our policyholders to enjoy liquidity from the end of 1st policy year thereby providing them with necessary financial assurance, as well as covering them suitably in the advent of any eventuality. It gives the required cushion of a constant source of income, aiding the policyholder’s goal of creating a secure future and a comfortable lifestyle for themselves and their loved ones.”