Aditya Birla Sun Life Insurance, a life insurance subsidiary of Aditya Birla Capital Limited, has launched its new plan ABSLI Assured Flexi Savings Plan on Thursday. This plan offers fully guaranteed benefits and gives policy holders unlimited access to their policy and gives them instant access to their funds. According to the company, the facility of unlimited withdrawal has never been seen before in the insurance market and in this sense, this product is different from all other products available in the market.
The company said in a statement that apart from life cover, the target of this plan is to provide guaranteed benefits in order to provide for future related purposes. Along with this, giving liquidity to customers, they have to make them stronger, so that they can easily meet their short term goals and their financial needs.
The ABSLI Assured Flexi Savings Plan is a fully guaranteed, non-linked non-participating life insurance plan. This plan provides annual income to the policy holder, which is accumulated for 10 years or 12 years till the end of the policy term. This annual income increases with a 5% income booster and thus the savings increase every year, unless it is withdrawn. Apart from this, the specialty of the plan is that the policyholder has the flexibility to withdraw the deposit when needed and there is no restriction or fee on withdrawal.
