Aditya Birla Sun Life Insurance Unveils New Combo Plan with Annuity and ULIP

Aditya Birla Sun Life Insurance has rolled out the ABSLI Vision Retirement Solution, a bundled product that brings annuity plan and a ULIP under one policy. It combines the ABSLI Guaranteed Annuity Plus with the ABSLI Wealth Infinia Plan.  

The company has positioned it as a structured retirement option for those looking to balance income with market-linked investments. 

Structure of the Package 

The annuity component provides pension payouts that continue until the policyholder turns 100. The ULIP half of the plan allows systematic withdrawals each year at 5% of the fund value.  

Customers can choose how to divide their premium between the two sections, with 60:40 and 50:50 splits offered as the primary options. 

Income and Withdrawal Choices 

Policyholders can select how often they receive payouts from the annuity. Payment intervals include annual, semi-annual, quarterly, and monthly cycles.  

The combined product also includes a death benefit, which ensures that a payout goes to the nominee if the policyholder dies while the policy is active. 

Eligibility and Payment Tenure 

The minimum entry age for the plan is 40. The maximum age depends on the chosen premium payment term. For a 7-year term, applicants can join until age 60.  

For 8-year and 10-year payment terms, the maximum entry age is 65. These options allow customers to spread their contributions across different timelines before retirement. 

Reason Behind the Combined Format 

The company has grouped the annuity and ULIP instead of leaving them as separate selections. One side provides a fixed income stream, while the other remains invested and supports scheduled withdrawals.  

For policyholders, this creates a framework that covers both predictable and market-driven components of retirement income. 

Read More:  Banks Told to Ensure All Pensioners Receive Monthly Pension Slips! 

Conclusion 

The ABSLI Vision Retirement Solution consolidates an annuity plan and a ULIP into one offering. It provides long-term payouts, annual withdrawals, flexible premium splits, and varied payment schedules. The structure gives customers a way to organise their retirement funds through both guaranteed and market-linked elements within one policy. 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.   

Investments in securities markets are subject to market risks, read all the related documents carefully before investing.