With a wide range of investment options available, it's essential to find a trusted partner who can help you navigate the complex world of finance. One such reliable name in the Indian investment sector is Aditya Birla Capital Limited. In this article, we will delve into the Aditya Birla investment plans in India, exploring the array of options they offer to help you achieve your financial goals and dreams.
Whether you are a seasoned investor or just beginning your investment journey, Aditya Birla's diverse range of investment plans caters to individuals from all walks of life. Let's embark on this financial journey together and discover how Aditya Birla's investment plans can pave the way for a brighter and more secure financial future in India.
About Aditya Birla Sun Life Insurance Company
Aditya Birla Sun Life Insurance Company Limited is a prominent life insurance provider in India. It is a joint venture between the Aditya Birla Group, one of India's largest conglomerates, and Sun Life Financial Inc., a leading international financial services organization based in Canada.
Aditya Birla Sun Life Insurance Company was established in 2001, it has since emerged as a trusted name in the Indian insurance sector, offering a wide range of life insurance and investment products to cater to the diverse financial needs of individuals and families. With its strong backing from the Aditya Birla Group and Sun Life Financial Inc., the company continues to be a trusted partner for millions of policyholders across India.
What are Aditya Birla Investment Plans
Aditya Birla Capital Limited offers a variety of investment plans and financial products in India through its subsidiary, Aditya Birla Sun Life Insurance Company Limited. These investment plans are designed to cater to the diverse financial goals and needs of individuals. Here are some of the key Aditya Birla investment plans and products available in India:
- Aditya Birla Sun Life Savings Plans
- Aditya Birla Sun Life Endowment Plans
- Aditya Birla Sun Life ULIPs Plans
- Aditya Birla Sun Life Insurance Child Plans
- Aditya Birla Sun Life Retirement Plans
- Aditya Birla Sun Life Fixed Income Plans
Benefits of Aditya Birla Investment Plans
Aditya Birla Investment Plans in India offer a range of benefits that can help individuals achieve their financial goals and secure their financial future. These benefits can vary depending on the specific plan or product chosen. Here are some common advantages associated with Aditya Birla Capital Investment Plans:
- Wealth Creation: Aditya Birla Investment Plans provide opportunities for wealth creation over time. Whether through unit-linked insurance plans (ULIPs), these plans offer the potential for attractive returns on investments, helping policyholders grow their wealth.
- Life Insurance Coverage: Several investment plans from Aditya Birla also offer life insurance coverage. This means that not only are you investing to build wealth, but you are also securing financial protection for your loved ones in case of an unfortunate event.
- Flexibility: Aditya Birla Investment Plans offer flexibility in terms of premium payment options, fund choices, and the ability to switch between funds in the case of ULIPs. This flexibility allows you to tailor your investment strategy to your changing financial needs.
- Long-Term Savings: Many of these plans encourage long-term savings and disciplined investing. They often come with lock-in periods that discourage premature withdrawals, helping you stay committed to your financial goals.
- Tax Benefits: Some Aditya Birla Investment Plans offer tax benefits under Section 80C and Section 10(10D) of the Income Tax Act. This can help reduce your taxable income and increase your overall tax efficiency.
- Retirement Planning: Aditya Birla Sun Life Insurance offers retirement plans that help individuals plan for a financially secure retirement. These plans provide regular payouts or lump-sum amounts upon retirement, ensuring a comfortable retirement life.
- Child Education and Marriage: Certain Aditya Birla Investment Plans are designed to meet specific financial goals like funding your child's education or marriage. These plans help you accumulate funds systematically to meet these goals.
- Online Accessibility: Many of Aditya Birla's investment plans provide online access, allowing you to monitor your investments, make fund switches, and manage your policies conveniently through digital platforms.
Best Aditya Birla Investment Plans in India
Aditya Birla Capital offers a variety of investment products, each catering to different financial needs. Here are some of the popular Aditya Birla Investment Plans in India:
1. Aditya Birla Capital Assured Income Plus Plan
Aditya Birla Sun Life Insurance Assured Income Plus is a non-linked non-participating individual savings life insurance plan that provides life cover and assured income for the long term.
Eligibility and Key Benefits:
| Entry Age |
1* Year to 60 Years |
| Maturity Age |
18 Years to 77 Years |
| Premium Payment Term |
5, 6, 8, 10, 12 |
| Policy Term |
5 to 17 Years |
| Premium |
Rs. 50,000 to No Limit |
| Sum Assured |
Rs. 5.5 Lacs to Subject to Board Approved Underwriting Policy |
| Premium Payment Frequency |
Annual, Semi-Annual, Quarterly, Monthly |
| Plan Options |
- Income Only Benefit
- Income With Lump Sum Benefit
|
| Benefits |
- Death Benefits
- Tax Benefits
- Survival Benefits
- Rider Benefits
|
| Features |
- Long-Term Income
- Two Benefit Options
- Loyalty Additions
- Guaranteed Lump sum Benefit
- Commutation Option
- Flexibility
|
| Riders |
- Accidental Death Benefit Rider
- Critical Illness Rider
- Hospital Care Benefit Rider
- Surgical Benefit Rider
- Wavier of Premium Rider
|
2. ABSLI Guaranteed Milestone Plan
Aditya Birla Sun Life Insurance Guaranteed Milestone Plan is a non–linked non–non-participating life insurance plan that provides life cover with fully guaranteed financial benefits on death or maturity.
Eligibility and Key Benefits:
| Entry Age |
30 days to 60 Years |
| Maturity Age |
18 years |
| Premium Payment Term |
6, 8,10,12 |
| Policy Term |
12, 14, 16, 18, 20, 22, 24 & 26 years |
| Premium |
Rs. 15,000 |
| Sum Assured |
Rs. 2,25,000 to 15 x Annualized Premium |
| Premium Payment Frequency |
Annual, Semi-Annual, Quarterly and Monthly |
| Benefits |
- Death Benefits
- Maturity Benefits
- Guaranteed Additions
- Reduced Paid Up Benefits
|
| Features |
- Guaranteed Benefits
- Guaranteed Additions
- Joint Life Cover Option
- Rider Options
|
| Riders |
- Accidental Death Benefit Rider
- Accidental Death and Disability Rider
- Critical Illness Rider
- Hospital Care Benefit Rider
- Surgical Benefit Rider
- Wavier of Premium Rider
|
3. Aditya Birla Sun Life Assured Savings Plan
Aditya Birla Sun Life Insurance Assured Savings Plan is a Non-Linked Non-Participating Individual Savings Life Insurance Plan that provides life insurance coverage with guaranteed savings.
Eligibility and Key Benefits:
| Entry Age |
30 days to 65 Years |
| Maturity Age |
18 to 85 Years |
| Premium Payment Term |
5 6 7 8 9 10 11 12 Years |
| Policy Term |
5 10 12 13 14 15 16 17 18, 20, 35 Years |
| Premium |
Single Pay: Rs.1,00,000/-
5 Pay: Rs.20,000/-
6-12 Pay: Rs.30,000/- |
| Sum Assured |
Rs.25 Lacs |
| Premium Payment Frequency |
Annual, Semi-Annual, Quarterly and Monthly |
| Benefits |
- Death Benefits
- Maturity Benefits
- Joint Life Protection
- Tax Benefits
|
| Features |
- Loyalty Additions
- Guaranteed Maturity Benefits
- Boost your maturity corpus
- Joint Life Protection Option
- Flexibility
- Financial Security
- Enhance your protection
|
| Riders |
- Accidental Death Benefit Rider
- Critical Illness Rider
- Hospital Care Benefit Rider
- Surgical Benefit Rider
- Wavier of Premium Rider
|
Aditya Birla Investment Calculator
Aditya Birla Sun Investment Plan calculator can be used to know your investment plan premium. It is available on the PolicyBachat portal is easy to use and is reliable as the quotes provided by the insurance companies will reflect on the portal without any errors.
Here are the steps to calculate and purchase an investment plan online at PolicyBachat:
- Visit the official website of the PolicyBachat
- Click on the “Investment Plan” tab
- Fill in the requested details such as name, mobile number, and email address
- Enter your age and city
- Select your desired insurance quote.
- You should select a plan which suits your requirements.
- Then you can pay for your policy by using an online payment method.
Buy Investment Plan Online
Why Buy an Investment Plan from PolicyBachat
PolicyBachat is an online insurance aggregator that offers a range of investment plans from various insurance companies. Here are some reasons why you may want to consider buying an investment plan from PolicyBachat:
- Wide Range of Plans
- Easy Comparison
- Convenience
- Cost-Effective
- Trustworthy
Documents Required to Buy an Aditya Birla Investment Plan
- Proof of Identity: Aadhar card, Passport, Voter ID card, Driving license.
- Proof of Address: Aadhar card, Passport, Voter ID card, Utility bills (electricity, water, gas), Bank statement or passbook, PAN (Permanent Account Number) card.
- Income Proof: Salary slips, income tax returns, or a declaration of income.
- Bank Account Details: Bank account details for premium payment.
- Age Proof: Birth certificate or passport, to establish your age accurately.
- Photographs: You may need to provide passport-sized photographs.
- Investment Application Form: You may need to fill out the investment application form provided by the insurance company.
How to Select the Best Aditya Birla Investment Plan
Selecting the right Aditya Birla Investment Plan is a crucial decision that depends on your financial goals, risk tolerance, and individual circumstances. Here are steps to help you choose the right plan:
- Determine your short-term and long-term financial objectives.
- Understand your risk appetites such as higher-risk, medium-risk and lower-risk options.
- Explore Aditya Birla's range of investment products, including ULIPs, retirement plans, and more.
- Determine if you have specific tax-saving goals. Certain Aditya Birla investment products offer tax benefits under Sections 80C, 80D, and other sections of the Income Tax Act.
- Avoid putting all your investments into a single product. Diversification helps spread risk and can improve overall returns.
- Carefully review the terms and conditions of the investment plan, including lock-in periods, surrender charges, and withdrawal options.
- Compare investment plans online at PolicyBachat. They can provide personalized guidance based on your financial situation and goals.
- Once you've selected an Aditya Birla investment plan, regularly review your portfolio's performance and make adjustments as needed.
Frequently Asked Questions – Aditya Birla Investment Plans
How Do Aditya Birla Investment Plans Work?
Aditya Birla Investment Plans work by allowing individuals to invest their money in various investment products. The plans provide potential returns on investments while also offering features like life insurance coverage, tax benefits, and more, depending on the specific plan.
What Types of Investment Plans does Aditya Birla offer?
Aditya Birla offers a range of investment plans, including unit-linked insurance plans (ULIPs), retirement plans, child plans, savings plans, and fixed-income plans, among others. These plans cater to different financial objectives and risk profiles.
Are Aditya Birla Investment Plans Suitable for Long-Term Goals?
Yes, many Aditya Birla Investment Plans are suitable for long-term investment goals, such as retirement planning, wealth accumulation, and funding your child's education.
Do Aditya Birla Investment Plans Provide Tax Benefits?
Yes, some Aditya Birla Investment Plans offer tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, which can help reduce your taxable income and enhance tax efficiency.
How do I Track the Performance of My Investments with Aditya Birla?
You can track the performance of your investments with Aditya Birla through online portals, mobile apps, or by contacting their customer service. They provide regular updates and statements to help you monitor your investments.
What Happens If I Want to Surrender or Exit My Aditya Birla Investment Plan Prematurely?
Exiting or surrendering an investment plan prematurely may come with certain terms and conditions, including surrender charges. It's essential to review your policy documents or consult with Aditya Birla's customer service for details on the surrender process and associated charges.
Conclusion
Aditya Birla Investment Plans offers a diverse range of financial products designed to empower individuals to achieve their financial goals and secure their financial future. Whether you are planning for retirement, your child's education, or simply seeking wealth creation opportunities, Aditya Birla Capital provides a comprehensive suite of investment options to cater to your unique needs.
These investment plans come with several advantages, including wealth creation potential, tax benefits, professional management, life insurance coverage, and flexibility. By understanding your financial goals, risk tolerance, and investment horizon, you can choose the right Aditya Birla Investment Plan that aligns perfectly with your aspirations.
Compare Quotes Now at PolicyBachat to Get the Best Aditya Birla Investment Plan Online.