Protecting Your Post-Retirement Money Needs is Easy

Aditya Birla Sun Life Insurance Saral Pension is a non-linked, non-participating, single premium individual immediate annuity plan. This plan provides guaranteed regular income for life, ensuring that you and your family can lead a worry-free retirement life.

Key Features of ABSLI Saral Pension Plan

Guaranteed Regular Income for Retired Life: Ensures a steady income stream throughout your retirement.
Option to Receive Annuity Payments for Life: You can choose to receive payments for as long as you or your partner are alive.
Multiple Pay-out Options: Flexibility to select from different payout options according to your needs.
No Medical Tests Required: Simplifies the process of obtaining the plan.

Plan Options

Option 1: Life Annuity with Return of 100% of Purchase Price (ROP): In this option, the annuitant receives a life annuity, and upon their death, 100% of the purchase price is returned to the nominee or legal heirs.
Option 2: Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on Death of the Last Survivor: This option ensures that the annuity continues to be paid as long as one of the annuitants is alive. Upon the death of the last survivor, 100% of the purchase price is paid to the nominee or legal heirs.

Benefits

Death Benefit

Option 1: Life Annuity with Return of 100% of Purchase Price (ROP): Upon the death of the annuitant, the nominee or legal heirs receive 100% of the purchase price in a lump sum.
Option 2: Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on Death of the Last Survivor: If one of the annuitants passes away, the annuity continues to be paid to the surviving annuitant. Upon the death of the last survivor, the annuity payments stop, and the purchase price is paid in a lump sum to the nominee or legal heirs.

Survival Benefit

Option 1: Life Annuity with Return of 100% of Purchase Price (ROP): A fixed annuity, guaranteed at the policy’s inception, is paid to the annuitant.
Option 2: Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on Death of the Last Survivor: A fixed annuity, guaranteed at the policy’s inception, continues to be paid as long as either annuitant is alive. The annuity is payable in arrears at the end of the chosen annuity payment frequency from the plan’s purchase date.

Refer to the brochure for a detailed description of these benefits.

Maturity Benefit

There is no maturity benefit under this product.

Rider Benefits

Not applicable.

How Does ABSLI Saral Pension Plan Work?

The ABSLI Saral Pension Plan provides a steady income stream for life, with options tailored to individual needs, ensuring financial security post-retirement.

ABSLI Saral Pension FAQs

What are the key features of ABSLI Saral Pension? The key features include guaranteed regular income, the option to receive payments for life, multiple payout options, and no medical tests required.

What is the age criteria for this plan? The specific age criteria for eligibility will depend on the terms outlined in the plan brochure.

What are the Plan Options available in this plan? Can these options be changed during the Policy Term? The plan offers two options: Life Annuity with Return of 100% of Purchase Price (ROP) and Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor. These options cannot be changed during the policy term.

What is the minimum Purchase Price amount (Single Premium)? The minimum purchase price varies and is detailed in the plan’s terms and conditions.

What is the minimum and maximum annuity payable in this plan? The minimum and maximum annuity amounts are determined by the purchase price and other factors, as specified in the plan details.

Are my annuity rates guaranteed? Yes, annuity rates are guaranteed.

What is the maturity benefit under this plan? There is no maturity benefit under this plan.

Does the plan offer a top-up option? The plan does not offer a top-up option.

Is there any rider benefit in this plan? There are no rider benefits available under this plan.

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