Aditya Birla Sun Life launches Anmol Akshaya

The plan combines long-term savings with life insurance protection.

Aditya Birla Sun Life Insurance Company Limited (ABSLI) has launched ABSLI Anmol Akshaya, a participating life insurance plan that combines long-term savings with life insurance protection.

The plan is designed to help customers build savings for future financial goals whilst providing financial protection for their families.

The plan offers three options. "My Child" provides income payouts linked to key education milestones, whilst "My Savings" helps customers build long-term savings for goals such as buying a home, funding a daughter's marriage or retirement planning. 

The "HER Benefits" package for women combines savings features with health services, including medical consultations, health coaching and second medical opinions.

ABSLI Anmol Akshaya includes optional protection features such as Extended Life Cover, which allows policyholders to continue life insurance coverage beyond policy maturity up to the age of 75 or 85.

Another feature, the Policy Continuance Benefit, provides an immediate death benefit under specified conditions if the life assured dies during the policy term. 

It also waives future premiums whilst allowing policy benefits to continue until maturity.

According to ABSLI Managing Director and CEO Kamlesh Rao, customers are increasingly focusing on financial solutions that support specific life goals, including children's education, family financial security and long-term savings.