Aditya Birla and Sun Life Financial Inc. formed the joint venture company Birla Sun Life Insurance Company Limited (BSLI). In India, BSLI offers different plans with multiple features and benefits to its insurance customers. One of the popular plans is a pension plan that helps provide financial security during old age. The interested parties can even estimate the lump sum amount, which they will receive at the end of the period with the Aditya Birla Pension Plan calculator.
Peaceful Post-Retirement Life
Tax Free Regular Income
Wealth Generation to beat Inflation
One can even calculate the required investment amount to get a certain retirement amount at the term-end.
Using the Aditya Birla Pension Plan calculator is an excellent way to estimate the coverage and how to approach it. Without the calculator, it can be challenging to assess the sum assured and the premium amounts correctly.
However, one must have a fair idea of their regular expenses, assets and liabilities. Entering similar information in the online calculator can help determine premium and lump-sum amounts.
Getting the investment and the final lump sum amount by using the Aditya Birla Pension Plan calculator is smooth as butter.
Following are some steps that one must follow to know plan details:
With inflation and increasing expenses, it is crucial to retain financial independence even after retirement. An online pension calculator is used to get an estimate of the plan benefit, including terms and conditions.
Some advantages of the calculator are mentioned below:
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The Aditya Birla Pension Plan calculator helps ease the policy buying process with its clean interface. All that one needs to do is fill in the following details:
According to their current income, the Aditya Birla pension plan considers the customers’ requirements to customise the policy.
Some of the benefits one can get from Aditya Birla pension plan are:
Looking for more insights? Try our SIP Calculator.
The premium amount is determined based on the policyholder's current age, retirement age, and the years between the retirement age and the current age. The higher the gap and income amount, the higher will be the benefit amount. All these can be estimated using the Aditya Birla Pension Plan calculator.
The basic general eligibility criteria and premium payment terms are as follows:
Feature |
Maximum |
Minimum |
Eligibility age |
70 years |
28 years |
Vesting age |
80 years |
- |
Policy tenure |
30 years |
5 years |
Feature |
Maximum |
Minimum |
Premium payable Modes- quarterly, half-yearly, monthly, and annually |
No maximum limit |
Quarterly- Rs. 30,000 |
Half-yearly- Rs. 24,000 |
||
Monthly- Rs. 36,000 |
||
Yearly- Rs. 18,000 |
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†Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. The sorting is based on past 10 years’ fund performance (Fund Data Source: Value Research). For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance plan. Standard T&C Apply
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
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