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Guaranteed# Income for a dream retired life.

  • Guaranteed# Lifelong Income
  • 10 Plan Options to Receive Annuity payouts

ALL YOU NEED TO KNOW

Key Features

  • Guaranteed# lifelong income with a choice of multiple annuity options
  • Deferred Annuity option to build regular income stream for future with deferment period up to 15 years
  • Wide range of accumulation periods ranging from 5 years to 15 years available under Limited Pay Option
  • Receive annuity (series of payments at regular intervals) as long as you or your partner is alive.
  • Option to increase annuity through top-ups
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Benefits of ABSLI Guaranteed Annuity Plus

Make yourself future ready and receive regular income with ABSLI Guaranteed # Annuity Plus.

  • Survival Benefit

Annuity is payable as long as the annuitant is alive in Single Life/Joint Life Plan. Annuitant can choose level or increasing option. Read the policy brochure for detailed benefits

  • Death Benefit

On death of the annuitant the annuity will be paid to the nominee, till the end of the annuity certain period, depending on the plan option. Read the policy brochure for detailed benefits.

  • Surrender Benefit

The amount of annuity received when you surrender the policy before the end of policy term. The benefit is not applicable under Option1, Option 2, Option 3 and Option 4. However, the benefit under different plans varies depending on the option selected. Read the policy brochure for detailed benefits.

  • Tax Benefit2

The policy provides tax benefit² to the policyholder on all the premiums paid. The tax benefits are subject to changes in tax laws. Consult your financial advisor for the same.

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Plan Options

ABSLI Guaranteed Annuity Plus provides the flexibility to choose from 10 plan options to suit your varied needs.

  • Option 1: Life Annuity (Level/Increasing at 3%/Increasing at 5%)

Choose to receive a level or increasing annuity, depending upon your need.

  • Option 2: Annuity Certain for a specified period and thereafter for Life

Receive the guaranteed# annuity during the annuity certain period chosen by the annuitant.

  • Option 3: Life Annuity with Return of Balance of Purchase Price

(Level/Increasing at 3%/Increasing at 5%)

Annuitants can choose to get a level or increasing annuity, and the balance purchase price will be returned back to the nominee.

  • Option 4: Life Annuity with 50% annuity payable to secondary annuitant on death of Primary Annuitant

Benefit continues even after the death of the primary annuitant. Secondary annuitant continues to get 50% annuity if primary annuitant predeceases.

  • Option 5: Life Annuity with Return of Purchase Price (100% ROP /75% ROP /50% ROP) Annuitant gets life-long annuity and return of purchase price as per chosen RoP percentage.
  • Option 6: Life Annuity with Enhanced Annuity on Critical Illness/ Accidental Permanent Disability and with Return of Purchase Price

In addition to lifelong annuity guaranteed# at inception and return of premium, get 50% enhanced annuity on occurrence of 42 specified critical illness or accidental permanent disability

  • Option 7: Life Annuity with Return of Purchase Price on attainment of Age 80 years

Get back the return of purchase price early at age 80 while your annuity continues for life.

  • Option 8: Life Annuity with Partial Return of Purchase Price to survivor and balance to nominee

Option to get life-long annuity and return of 50% purchase price to surviving annuitant and balance to nominee/legal heir, on death of last surviving annuitant.

  • Option 9: Deferred Life Annuity with Return of Premium

Plan your retirement early or whenever you want. Option to choose the Deferment Period from 1 to 15 years for Single Pay Policies and Deferment Period from Chosen PPT to 15 Years for Limited Pay Policies.

  • Option 10: NPS - Family Income

Option for National Pension System (NPS) Subscribers only.

View Commission-related information

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Frequently Asked Questions

ABSLI Guaranteed Annuity Plus is a Non-Linked, Non-Participating, General Annuity Plan with various annuity options to provide guaranteed# income for life and help customers lead a worry-free retirement life. The customer can decide the Purchase Price, or the annuity required, depending on his/her requirement. This annuity payment is guaranteed# for life and depends on the annuity rates prevailing at the time of the purchase of the annuity.

Anyone with below eligibility can opt for the plan:

  • Age at entry is between 45 to 90 years. [option on 6 and 7 can be availed till age 65 years and option 9 till age 75 years]
  • In case of Joint life annuities, the age limits apply to both lives.

All these choices can be made only at inception of the policy and it cannot be changed subsequently.

ABSLI Guaranteed Annuity Plus has a policy term of Whole Life.

The product provides periodical annuity payouts to the annuitant for whole life as per the chosen Annuity Option. Annuitants need to provide a Survival Certificate to get a regular stream of income.

There is no Maturity Benefit available under this plan.

Minimum purchase price will be Rs.1,50,000 for Single Pay. Minimum Premium should be sufficient to purchase minimum annuity of Rs. 12,000 p.a. as per selected annuity option for Limited Pay. There is no limit for maximum Purchase Price/Premium.

Yes, tax benefit² is applicable under ABSLI Guaranteed Annuity Plus per prevailing tax laws.

Key features of ABSLI Guaranteed Annuity Plus are as follows:

  • Guaranteed# lifelong income: Annuity once purchased is guaranteed for life.
  • Option to receive annuity payments for joint life – Option to choose a single life or a joint life annuity.
  • Retirement planning is made easier – Customers can opt to invest today to build a guaranteed# lifetime income stream for tomorrow. With the deferred annuity option, customers have the choice to plan early for retirement and lock annuity rates at present for a guaranteed# life-long payment.
  • Wide range of annuity options: Choose from various annuity options as per financial needs.
  • Wide range of accumulation periods: Choose the accumulation period ranging from 5 years to 15 years, depending upon your needs and requirements under Limited Pay Option.
  • Option to increase annuity: Option to increase annuity through Top-up option.
  • Choice of annuity pay-out frequency: Customers may choose to receive annuity pay-outs monthly, quarterly, half-yearly or yearly as per need and requirement.

Please find below options available under the plan:

Yes, Top ups are allowed under this plan. Top-up can be done anytime while the Policy is in-force. The Top-up Annuity will be effective immediately after the date of exercising the option. Once exercised, this option cannot be subsequently removed.

The annuity rates are determined at the date of purchase and once the plan is purchased they are guaranteed for life.

Disclaimer

This is a non-linked, non-participating, general annuity plan. The word “guaranteed” means that the annuity payout is fixed at the inception of the policy.

HDFC Bank Limited (IRDAI Registration No: CA0010) is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited and does not underwrite the risk or act as an insurer.

Registered Address: HDFC Bank Limited, HDFC Bank House, Senapati Bapat Marg, Lower Parel (West), Mumbai - 400 013. Participation by the Bank’s clients in the Insurance products is purely on a voluntary basis. The contract of Insurance is between Aditya Birla Sun Life Insurance Company Limited and the Insured and not between HDFC Bank and the Insured.This Policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). GST and any other applicable taxes will be added (extra) to Your premium/purchase price and levied as per extant tax laws. All the benefits are payable subject to the terms and conditions of the Policy. This product shall also be available for sales through online channel. All policy benefits are subject to policy being in force. “We”, “Us”, “Our” or “the Company” or “ABSLI” means Aditya Birla Sun Life Insurance Company Limited. “You” or “Your” means the Policyholder. For other terms and conditions, request your Agent Advisor or intermediaries for giving a detailed presentation of the product before concluding the sale. Should you need any further information from us, please contact us on the below mentioned address and numbers. For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale. Aditya Birla Sun Life Insurance Company Limited. Registered Office: One World Center, Tower 1, 16th Floor, Jupiter Mill Compound, 841 Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI Reg No.109 Call Centre: 1-800-270-7000 www.adityabirlasunlifeinsurance.com CIN: U99999MH2000PLC128110 UIN: 109N132V03 ADV/6/22-23/394

BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

​​​​​​​IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.