ABSLI Empower Pension Plan

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ABSLI Empower Pension Plan

Worried about retirement? ABSLI Empower Pension Plan ensures lifelong income, flexible investment, and peace of mind for your golden years.

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Details for ABSLI Empower Pension Plan

ABSLI Empower Pension Plan offers lifelong financial security through systematic savings. With flexible premiums, guaranteed vesting benefits, and tax advantages, it ensures a steady post-retirement income. Ideal for planning a worry-free, independent future.

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Sum Assured

Not available

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Age

Entry Age: 25 to 70 Years

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Premium Payment Term (Mode)

Not available

Age

  • Entry Age: 25 to 70 Years

Additional Benefits

  • Retirement is when the worries of working life end and a life of fun and bliss begins.
  • Guaranteed additions to boost your retirement corpus
  • Smart Option – The investment portfolio is based on your desired retirement year and risk profile chosen.
  • On 6th policy anniversary and every policy anniversary thereafter, Guaranteed Addition is 0. 25% of the average Fund Value in the last 12 months
  • On 11th policy anniversary and every policy anniversary thereafter, Guaranteed Addition is 0.35% of the average Fund Value in the last 12 months
  • Death Benefit
  • Extend the accumulation phase, provided you are below the age of 55 years, provided maximum vesting age is not more than 80 years. On extension, you will continue to be invested in Income Advantage Guaranteed Fund for the extended period including the basic premiums paid during the extension period
  • Enter into a single pay deferred pension plan with us as per then available products on your vesting date
  • Commute up to 1/3rd of the Vesting Benefit and receive the amount in a tax-free lump sum (as per the current Income Tax Act) and utilise the balance to receive a stream of regular income from us as per our then available products

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