Training Deck - ABSLI Saral Pension - TTTv1.ppsx

UIN: 109N130V01
ABSLI Saral Pension

UIN 109N130V01
A Non-linked Non-Participating Single Premium Individual Immediate Annuity Plan
Aditya Birla Sun Life Insurance Company Li Strictly for Internal Circulation and Training Purpose Only and not to be used for solicitation purposes 1
mited
NEED FOR A STANDARD PENSION PLAN?
44% of the Indian This plan aims to offer

population in 2050 would simple & standard
UIN: 109N130V01
comprise senior citizens – features to

up from the current individuals who
IRDAI felt the want to
10% need of introducing purchase
60% a pension plan annuity
of the current working specifically to secure the
population in India will financial future of the
reach retirement age by individuals after
2050 retirement
mited
Limited
https://www.indiainfoline.com/article/general-blog/pros-and-cons-of-extending-retirement-age-in-india
RETIREMENT PLANNING TAKES A BACKSEAT ALWAYS
It is impossible without an Annuity

plan. Financial independence is a must to Before retirement, we work hard to ensure a
fulfill the goals & dreams post retirement. financially secured future for our family
01
06
UIN: 109N130V01
02
The question is, when we reach retirement, Child’s Aspirations Child’s Education
We track the growth of our investments
will we able to fulfill our wishes? closely & focus on building our wealth.
05
Secure Family Dream Home
03
04
In this process, our hobbies & aspirations are We achieve all life goals like marriage,
procrastinated until retirement buying home, saving for child’s education etc
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THE GAP BETWEEN INCOME & EXPENSE INCREASES POST
RETIREMENT
During retirement phase, income declines & expenditure rises or remains the same as before, mainly due to high
medical expenses, increasing inflation, maintaining lifestyle, pursuing hobbies & going on vacations.
INCOME HIGHER THAN EXPENSE HIGHER THAN
EXPENSE INCOME Expenditure
INCOME HIGHER THAN
EXPENSE The gap in expense & income
UIN: 109N130V01
makes it necessary to have a

robust source of income during
retirement years
Income/Expenditure 
Income
Early Career Advance Career Retirement Phase Ages (years) 

20 25 30 35 40 45 50 55 60 .. 65+
Aditya Birla Sun Life Insurance Company Strictly for Internal Circulation and Training Purpose Only and not to be used for solicitation purposes 4
Limited
*source: https://www.dealsunny.com/spending-behaviour-in-india
WHERE DOES RETIREMENT PLANNING APPEAR IN THE PRIORITY LIST?
PRIORITIES
1. Providing for child’s future, education and marriage

2. Financial security of children
UIN: 109N130V01
3. Financial security of spouse

4. Providing for medical emergencies
5. Being physically and mentally fit
6. Leading a life without stress or burden
7. Improving standard of living
8. Planning for life after retirement
Retirement comes way down on the list of financial priorities

Children’s needs and security of the family take precedence
over all else.
Aditya Birla Sun Life Insurance Company Limited Strictly for Internal Circulation and Training Purpose Only and not to be used for solicitation purposes 5
https://economictimes.indiatimes.com/wealth/personal-finance-news/half-of-urban-indians-have-no-retirement-plan-pgim-india-mutual-fund-survey/articleshow/79095878.cms?from=mdr
THINGS THAT WE DON’T WANT TO WORRY ABOUT IN OUR GOLDEN YEARS
“I don’t want to think

Expensive
about liquidating
Health care
UIN: 109N130V01
“I don’t my assets for “I don’t

want to i f
usee facilities
expenses post
a s e d L cy want to
Inthe
crea
e
r sefunds d n fe
taLi retirement” Risk of
IncEx p e c worry about
meant Expe
forctlegacy
ancy outliving
money incase
incase of savings
of medical
Emergency” emergency”
“I don’t want “I don’t want

toNuclear
borrow to
Lack of Social
compromise
money from
Families Security
my children” on my
Benefits
standard of
living”
mited
FACTORS THAT MAKE REGULAR RETIREMENT INCOME EXTREMELY IMPORTANT
Family systems are changing, joint families giving way to nuclear families
From To
Nuclear JOINT FAMILY NUCLEAR FAMILY
Families
Increased life
UIN: 109N130V01
expectancy
Expensive health
care facilities
Risk of outliving
savings
Lack of social EXPECTATION REALITY
security in India 68% of working people expect their children to Only 30% of retirees are receiving financial
support them financially during retirement support from their children.
Changing value systems & mismatch between expectations & reality makes it necessary to
have a robust source of income during retirement years
https://www.livemint.com/Money/2uacekndtXNeA1lqXZoLbI/Only-1-in-3-people-save-for-retirement-report.html
FACTORS THAT MAKE REGULAR RETIREMENT INCOME EXTREMELY
IMPORTANT
You are likely to live longer as compared to your previous generation
Nuclear
Families
69.96
Increased life
UIN: 109N130V01
expectancy 62.28
Expensive health
care facilities
Risk of outliving
savings
Year 2021
Lack of social Year 2000
security in India
The countries with highest
life expectancy (Year 2015)
Life expectancy has increased significantly due to better living conditions and availability of medicines
for various diseases/illnesses.
Consequently, retirement life has gotten longer, thereby creating the need of a regular stream of
income during retirement to take care of sunset years.
mited
https://www.macrotrends.net/countries/IND/india/life-expectancy https://www.statista.com/chart/7023/the-countries-with-the-highest-life-expectancy/
IMPORTANT
Medical inflation greatly outpaces regular inflation.
The healthcare inflation is estimated at 15% against the overall inflation rate of 8% to 9%
per annum.**
Nuclear Rs. 47188
Families
Increased life Rs. 10124

UIN: 109N130V01
expectancy Rs. 2172

Rs. 466
Expensive health Rs. 216
care facilities Rs. 100
Risk of outliving
savings 1980 1990 2000 2020 2040 2060
Lack of social Inflation assumed at 8%*
security in India Consultation Fee
Shocker
Corporate and private hospitals have increased consultation fee four-fold. The fee, which used to be
between Rs 250 and Rs 350 in 2006, is anything between Rs 600 and Rs 1,000 in 2017. #
Increasing costs of healthcare products & health services etc. makes it necessary to have a robust source
of income during retirement years
**
https://www.royalsundaram.in/health-insurance/tips/why-healthcare-inflation-makes-health-insurance-important *https://www.advisorkhoj.com/tools-and-calculators/future-value-inflation-calculator
#
https://www.thehansindia.com/posts/index/Telangana/2017-10-10/Consultation-fee-SHOCKER/332150
IMPORTANT
37% of working age people would go back to work if their retirement income could no longer provide
the standard of living they were used to.#
India inflation rate for 2019 was 7.66%, a 2.8% increase from 2018
Nuclear Lets see what some common goods cost at
Families India inflation rate for 2018 was 4.86%, a 2.37% increase from 2017
independence?
Increased life 1947 2017 2.8% ↑
UIN: 109N130V01
ITEM
(PRICE IN RS.) (PRICE IN RS.) Year
expectancy 2021 8.00%
1 Newspaper Rs. 0.13 Rs. 4 Rs. 101 7.00% 2.37% ↑
Expensive health 6.00%
2 Petrol (per litre) Rs. 0.27 Rs. 67.5
5.00%
care facilities
3 Flight (Delhi to Mumbai) Rs. 140 Rs. 6,788 4.00%
Risk of outliving 4 Cinema ticket Rs. 0.30 Rs. 250
3.00%
2.00%
savings 5 Milk Rs. 0.12 Rs. 45 1.00%
Lack of social 0.00%
2017 2018 2019
security in India Inflation sinks
Today’s money
will not buy you
purchasing
the same things
power
Consistent
tommorrow Increasing cost to maintain lifestyle, high healthcare
marginal increase in costs, etc. makes it necessary to have a robust
cost year on year source of income during retirement years
ends up increasing
costs dramatically
mited
https://www.hsbc.co.in/content/dam/hsbc/in/documents/future_of_retirement_india_report.pdf
#
https://indianexpress.com/article/business/commodities/petrol-diesel-auto-fuel-price-new-record-highs-in-your-city-today-delhi-mumbai-kolkata-chennai-june-1-7339164/#:~:text=In%20Mumbai%2C%20petrol%20costs%20Rs,is%20retailing%20at%20Rs%2092.69 .
IMPORTANT
Approximately 92% of population

The Indian Government does working in private sectors is
not provide pension/support to refrained from social security. Only
Nuclear private sector retirees.
Families 7-8% of them are covered by
pensions
Increased life
UIN: 109N130V01
expectancy
Expensive health
care facilities
Risk of outliving
savings
Indians cannot be dependent on
India’s 60+ population will become
government pension scheme because
Lack of social 300 million by 2050 from 100
the Indian Government is facing serious
security in India million today.
budgetary constraint to offer pension
and health care services to the retired
group
The fact is that majority works in private sector and lack of social security prevailing in
India, makes it necessary to have a robust source of income during retirement years
mited
https://www.oneinsure.com/life-insurance/articles/lack-of-social-security-and-pension-system-in-india
ONLY LIFELINE TO WORRY FREE RETIREMENT IS A PENSION PLAN
A Pension Plan is the only lifeline that can ensure you maintain high standards of living
post retirement along with fulfilling your life goals
UIN: 109N130V01
A Pension plan provides you with a regular income to ensure financial safety so that once
your professional income starts to recede, you can still live with pride without bargaining on
your living standards
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PRESENTING…
The Perfect Annuity Plan
to ensure you stay FINANCIALLY INDEPENDENT!
UIN: 109N130V01
ABSLI SARAL PENSION

A Non-Linked Non-Participating Single Premium Individual Immediate Annuity Plan
Limited
UIN: 109N130V01
Product USPs
Aditya Birla Sun Life Insurance Company 14

Limited
KEY FEATURES
OPTION TO RECEIVE
GUARANTEED INCOME ANNUITY PAYMENTS
FOR AS LONG AS YOU
Annuity once purchased is OR YOUR PARTNER
guaranteed for lifetime
ARE ALIVE
UIN: 109N130V01
You have the option to

choose a single life or a joint
life annuity.
OPTION TO CHOOSE THE

FREQUENCY OF PAYOUT EASY ISSUANCE
You may choose to receive No medical tests required
your annuity payouts on a to purchase this plan
yearly, half-yearly, quarterly or
monthly basis, as per your
needs and requirement.
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CHOICES AT INCEPTION
01 03
Choose Annuity Provide your

UIN: 109N130V01
Option as per details and your

your need. partner’s
Choose the one- Choose annuity
time lump sum pay-out
amount that frequency –
you wish to Yearly, Half
invest or choose 02
yearly, 04
the annuity Quarterly or
amount you Monthly.
wish to receive.
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PLAN OPTIONS
UIN: 109N130V01
Plan Option 1 Plan Option 2

Life Annuity with Return of 100% of Joint Life Last Survivor Annuity with
Purchase price (ROP) Return of 100% of Purchase Price
(ROP) on death of the last survivor
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CASE STUDY 1
Option 1 - Life Annuity with Return of 100% of Purchase Price (ROP)
Customer Profile:
Name: Mr. Rohan Sharma
Age: 60 years
Profession: Retired (Previously Salaried)
Looking for: A pension plan to ensure regular lifelong income for himself & a corpus for his son after his
UIN: 109N130V01
lifetime.
Mr. Rohan Sharma opts for ABSLI Saral Pension with the following specifications:
- Benefit Option: Option 1 - Life Annuity with Return of 100% of Purchase price (ROP)
- Purchase Price: Rs. 50,00,000
- Premium Payment Term: Single Pay
- Annuity Payout Frequency: Annual
Benefits:
• A fixed monthly pension amount will start immediately and will continue for lifetime
• On Rohan’s death, the nominee/legal heir will get a lumpsum in the form of Return of Purchase Price.
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LIFE ANNUITY WITH ROP
Plan Option 1 - Life Annuity with Return of 100% of Purchase price (ROP)
UIN: 109N130V01
Return of 100% of
Single Purchase Price
premium Rs. 50 Lakhs
Rs. 50 Lakhs
Annuity income of Rs. 2,94,794 starts immediately* and continue
till survival of annuitant.
0 1 2 . . . RIP
(End of Policy)
Upon death of annuitant purchase price of Rs. 50 Lakhs is returned to nominee/legal heir and policy terminates
*Annuity commences from the end of following year i.e. year 1 in the above illustration
Limited
CASE STUDY 2
Option 1- Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of
the last survivor Customer Profile:
Name of Primary Annuitant: Mr. Rohan Sharma
Name of Secondary Annuitant: Mrs. Aarti Sharma
Age: 60 years (Rohan) & 55 years (Aarti)
Relationship: Husband & Wife
UIN: 109N130V01
Profession: Retired
Looking for: A pension plan to ensure regular lifelong income for himself & spouse along with a corpus for
his son after their lifetime.
Mr. Rohan Sharma opts for ABSLI Saral Pension with the following specifications:
- Benefit Option: Option 2 Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of
the last survivor
- Purchase Price: Rs. 50,00,000
- Premium Payment Term: Single Pay
- Benefit Payout Frequency: Annual
Benefits:
• A fixed monthly pension amount will start immediately and will continue for lifetime
• On death of either of the annuitant, the surviving annuitant will continue to receive the annuity amount.
• Subsequently, on death of the surviving annuitant the nominee/legal heir will get a lumpsum in the form of Return
of Purchase Price.
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JOINT LIFE ANNUITY WITH ROP
Plan Option 2 - Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor
Return of
100% of
Single Purchase Price
UIN: 109N130V01
Premium Rs. 2,98,913 Rs. 50 Lakhs

Rs. 50 Lakhs Annuity income starts Surviving annuitant continue to get the
immediately* annuity at the same annuity amount.
RIP Rs. 2,98,913
0 1 2 . . Death of either of the RIP

annuitant (End of Policy)
Upon death of last surviving annuitant purchase price of Rs. 50 Lakhs is returned to nominee/legal heir and policy
terminates
*Annuity commences from the end of following year i.e. year 1 in the above illustration
Limited
UIN: 109N130V01
Product Specifications
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PRODUCT SPECIFICATIONS – ELIGIBILITY CRITERIA
Age of the Life Insured(s) at Minimum: 40 Years

Entry (age as on last Maximum: 80 Years
birthday) Note - For Joint life annuities, the age limits apply to both lives.
Maturity Age of the Life

Insured(s) (age as on last Not Applicable
UIN: 109N130V01
birthday)
Premium Payment Term
Single Pay
(PPT)
Policy Term (PT) Whole Life
Annuity pay-out frequency The annuity payout frequencies available are : Yearly, Half- Yearly, Quarterly, Monthly.
The annuity will be payable in arrears at the end of chosen annuity payment frequency from the date of purchase of the
plan. Annuity instalments shall be as specified below:
Frequency of Annuity Annuity Amount Payable
Yearly Annual Annuity
Half yearly 98%*Annual Annuity/2
Quarterly 97%*Annual Annuity/2
Monthly 96%*Annual Annuity/2
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PRODUCT SPECIFICATIONS – ELIGIBILITY CRITERIA
Minimum Annuity Amount Rs. 1,000 per month, Rs. 3,000 per quarter, Rs. 6,000 Per half year and Rs. 12,000 per year.
Maximum Annuity Amount No Limit (subject to Board Approved Underwriting Policy)
Minimum Single Premium /

Rs. 2,14,182
Purchase Price
UIN: 109N130V01
Maximum Single Premium /

No Limit
Purchase Price
Note :-
 Only your spouse can be the secondary annuitant.
 Annuity Option once chosen cannot be changed thereafter .
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BENEFITS
Death Benefit
Option 1: Life Annuity with Return of 100% of Purchase price (ROP)
• In the event of death of the annuitant, 100% of the Purchase price shall be payable in lump sum to the nominee /legal heirs.
Option 2: Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor
UIN: 109N130V01
• On first death of either of the Annuitants, 100% of the Annuity shall continue to be paid as long as one of the Annuitant is
alive.
• On death of the last survivor, the Annuity will cease immediately and the Purchase Price shall be payable in lump sum to the
nominee/ legal heirs
Once the death benefit is paid the policy will terminate and no future benefits will be payable.
Survival Benefit
Option 1: Life Annuity with Return of 100% of Purchase price (ROP)
•A fixed annuity amount, guaranteed at policy inception shall be paid..
Option 2: Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor
•A fixed annuity amount, guaranteed at policy inception shall be paid for as long as either of the covered lives is alive.
The annuity will be payable in arrears at the end of chosen annuity payment frequency from the date of purchase of the plan.
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BENEFITS
Procedure for Payment of the Survival Benefit
a) For payment of the Survival Benefits, We will require a Living Certificate in the format prescribed by Us to be submitted by the
Annuitant / Primary Annuitant / Secondary Annuitant, to Us at least 30 days before the end of each Policy Year.
b) In case of Joint Life, after the death of the Primary Annuitant, the Living Certificate of the surviving Secondary Annuitant will be
required to be submitted to Us at least 30 days before the end of each Policy Year.
c) The above document should be duly signed by a gazetted officer or a Registered Medical Practitioner or a scheduled bank
UIN: 109N130V01
branch manager or public notary.

d) If the foregoing documentation is not received by Us at least 30 days before the end of each Policy Year, the payment of Survival
Benefit will automatically cease from the commencement of the immediately succeeding Policy Year until the same is submitted
to Us.
e) In certain cases, we may require the Annuitant to submit the above documents in person.
f) We reserve the right to modify the process and requirements set out above with the prior approval of the IRDAI.
Maturity Benefit
There is no Maturity Benefit under the product.
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BENEFITS
Surrender Benefit
• The policy can be surrendered any time after six months from the date of commencement of risk, if the Annuitant or the spouse
or any of the children of the Annuitant is diagnosed as suffering from any of the 20 specified Critical Illnesses, based on the
documents produced to the satisfaction of the Medical Examiner of the Company.
• On approval of surrender, 95% of the Purchase Price shall be paid, subject to deduction of outstanding loan amount and loan
UIN: 109N130V01
interest, if any, as mentioned above.

• On payment of surrender value, the policy stands terminated. Any change in the surrender value shall be applicable only after
prior approval of IRDAI.
LIST OF COVERED CRITICAL ILLNESESS

1. CANCER OF SPECIFIED SEVERITY 11. MULTIPLE SCLEROSIS WITH PERSISTING SYMPTOMS
2. MYOCARDIAL INFARCTION (First Heart Attack of specific severity) 12. BENIGN BRAIN TUMOR
3. OPEN CHEST CABG 13. BLINDNESS
4. OPEN HEART REPLACEMENT OR REPAIR OF HEART VALVES 14. END STAGE LUNG FAILURE
5. COMA OF SPECIFIED SEVERITY 15. END STAGE LIVER FAILURE
6. KIDNEY FAILURE REQUIRING REGULAR DIALYSIS 16. LOSS OF SPEECH
7. STROKE RESULTING IN PERMANENT SYMPTOMS 17. LOSS OF LIMBS
8. MAJOR ORGAN /BONE MARROW TRANSPLANT 18. MAJOR HEAD TRAUMA
9. PERMANENT PARALYSIS OF LIMBS 19. PRIMARY (IDIOPATHIC) PULMONARY HYPERTENSION
10. MOTOR NEURON DISEASE WITH PERMANENT SYMPTOMS 20. THIRD DEGREE BURNS
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BENEFITS
Policy Loan
Loan can be availed against the policy any time after six months from the date of commencement of the policy. The maximum
amount of loan that can be granted under the policy shall be such that the effective annual interest amount payable on loan does
not exceed 50% of the annual Annuity amount payable under the policy.
UIN: 109N130V01
Commission
2% of Purchase Price.
Limited
PRODUCT BEST SUITABLE FOR
UIN: 109N130V01
SALARIED & SELF- EARLY SENIOR CITIZENS

EMPLOYED PERSONS RETIREES
40 years to 50 years 51 years to 60 years 61 years & above
ALTERNATE SOURCE GUARANTEED LIFELONG INCOME

OF INCOME REGULAR FOR SELF AND
WHO WISH TO
FOR LIFE INCOME SPOUSE
INVEST
LUMPSUM &
AVAIL
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ABSLI SARAL PENSION PLAN - SAMPLE RATES
Option 1 - Life Annuity with Return of 100% of Purchase price (ROP)
Age(Male)/
Rs. 5,00,000 Rs. 10,00,000 Rs.25,00,000
Purchase Price
55 28,881 58,446 1,47,141
60 28,889 58,434 1,47,069
UIN: 109N130V01
65 28,805 58,240 1,46,545

70 28,267 57,142 1,43,767
Option 2 - Joint Life Last Survivor Annuity with Return of 100% of Purchase Price (ROP) on death of the last survivor
Age(Male)/
Purchase Price Rs. 5,00,000 Rs. 10,00,000 Rs. 25,00,000
55 29,015 58,775 1,48,054

60 29,248 59,211 1,49,099
65 29,326 59,335 1,49,360
70 29,309 59,272 1,49,160
Please Note:-
•Purchase Price is exclusive of GST & other statutory levies.
•For given illustration, age of Secondary Annuitant(female) is 5 years less than that of Primary Annuitant
•All annuity values are basis annuity rates as of May 2021.
•Please note that the rates and payouts are subject to change. The final payout will depend on the prevailing rates.
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ABSLI SARAL PENSION V/S ABSLI IMMEDIATE ANNUITY & COMPETITION SARAL PENSION
Male |Purchase Price (excluding GST) Rs. 10,00,000 | Age 55 |Annuity Pay out Frequency - Annual
Annuity Option ABSLI Saral Pension ABSLI Immediate Annuity Max Life Saral Pension Ageas Federal Saral Pension
Single Life Annuity for Life with ROP 58,446 56,582 55,350 53,460
Joint Life Annuity for Life with ROP 59,010 54,622 55,130 53,280
Male |Purchase Price (excluding GST) Rs. 10,00,000 | Age 60 |Annuity Pay out Frequency – Annual
UIN: 109N130V01
Male |Purchase Price (excluding GST) Rs. 10,00,000 | Age 65|Annuity Pay out Frequency – Annual
*Age different between joint life annuitants is 3 years
Please Note:-
• All annuity values are basis annuity rates as of May 2021.
• Please note that the rates and payouts are subject to change. The final payout will depend on the prevailing rates.
•The above rates are offline rates
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ABSLI SARAL PENSION V/S ABSLI IMMEDIATE ANNUITY & COMPETITION SARAL PENSION
Male |Purchase Price (excluding GST) Rs. 25,00,000 | Age 55 |Annuity Pay out Frequency - Annual
Single Life Annuity for Life with ROP 1,47,141 1,41,455 1,40,050 1,35,025
Joint Life Annuity for Life with ROP 1,48,624 1,36,557 1,39,575 1,34,700
UIN: 109N130V01
*Age different between joint life annuitants is 3 years
Please Note:-
• All annuity values are basis annuity rates as of May 2021.
• Please note that the rates and payouts are subject to change. The final payout will depend on the prevailing rates.
•The above rates are offline rates
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ABSLI SARAL PENSION v/s IMMEDIATE ANNUITY
Male |Purchase Price (excluding GST) 25,00,000 | Age 55 |Annuity Pay out Frequency – Annual
Annuity Option ABSLI SP HDFC TATA IPRU MAX
Single Life Annuity for Life with ROP 1,47,141 1,45,649 1,44,975 1,48,818 1,48,175
Joint Life Annuity for Life with ROP 1,48,624 1,43,830 1,42,950 1,46,667 1,47,625
UIN: 109N130V01
Note : Age different between joint life annuitants is 3 years
HDFC - HDFC Life Pension Guaranteed Plan; TATA - Tata AIA Smart Annuity Plan; MAX - Max Life Guaranteed Lifetime Income Plan; SBI - SBI Life - Annuity Plus; IPRU - ICICI Pru Guaranteed Pension Plan
Above data is as on date 17th May 2021
The above rates are offline rates except HDFC Life
Aditya Birla Sun Life Insurance Company
Limited Strictly for Internal Circulation and Training Purpose Only and not to be used for solicitation purposes 33
UIN: 109N130V01
Benefit Illustration

Limited Strictly for Internal Circulation and Training Purpose Only and not to be used for solicitation purposes
ABSLI SARAL PENSION – BENEFIT ILLUSTRATION
SNAPSHOTS
This section captures Annuitants Details. It also captures

Policy Details like:
Product UIN, Purchase Price, Policy Term, Premium
UIN: 109N130V01
Payment Term, Policy Term, Mode of Annuity Payment,

Annuity Amount & GST Rate
This section captures Plan Option Selected
This section captures Purchase Price with & without GST
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ABSLI SARAL PENSION – BENEFIT ILLUSTRATION
SNAPSHOTS
Illustrative Benefits How to read and understand the Benefit Illustration?

1. Column 2: Single premium purchase price paid
2. Column 3: Annuity amount paid at selected frequency

UIN: 109N130V01
3. Column 4: No other benefits are applicable
4. Column 5: No maturity benefit is available
5. Column 6: The amount mentioned in the Death benefit

column is Return of Purchase price that will be paid on
death of last surviving annuitant
6. Column 7: There is no minimum guaranteed surrender

value available.
7. Column 8: The amount mentioned in this column is the

surrender value payable incase of surrender requested
Limited
UIN: 109N130V01
Application Form

Limited Strictly for Internal Circulation and Training Purpose Only and not to be used for solicitation purposes
ABSLI SARAL PENSION – APPLICATION FORM
 Retirement Solutions Form to be used.
 Only Physical forms will be available, EApp Journey will not be available currently.
UIN: 109N130V01
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ABSLI SARAL PENSION – APPLICATION FORM CHANGES
Retirement Solutions Form has the following changes. Please see screenshots below.
Change 1: ‘Application Form.’ replaced by ‘Proposal Form.’
Change 2: ‘CKYC Number’ field is added

UIN: 109N130V01
Change 3: Fields like Mother’s name, Marital Status, Country of Birth is added. Transgender Option is included under Gender
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ABSLI SARAL PENSION – APPLICATION FORM CHANGES
Retirement Solutions Form has the following changes. Please see screenshots below.
Change 4: Under Type of Organisation, Govt. & Society is added.
Change 5: Field ‘Gender’ is added under Nominee & Appointee details

UIN: 109N130V01
Sum total of all nomination share mentioned by any one or by both the Annuitants together should be equal to 100%
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ABSLI SARAL PENSION – JOINT LIFE ADDENDUM CHANGES
Change 1: Added fields to capture details w.r.t the new Product.

UIN: 109N130V01
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ABSLI SARAL PENSION – JOINT LIFE ADDENDUM CHANGES
Change 2: Added nominee section to capture details w.r.t nominee & appointee.
UIN: 109N130V01
Total of Primary Annuitant Nominee’s share & Secondary nominee’s share cannot exceed 100%
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DISCLAIMERS
Tax benefits may be available as per prevailing tax laws. Please note that all the tax benefits are subject to tax laws prevailing
at the time of payment of premium or receipt of benefits by you. It is advisable to seek an independent tax advice.
UIN: 109N130V01
For more details on risk factors terms and conditions please read sales brochures carefully
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Training Deck - ABSLI Saral Pension - TTTv1.ppsx

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UIN: 109N130V01

ABSLI Saral Pension

44% of the Indian This plan aims to offer

comprise senior citizens – features to

It is impossible without an Annuity

Secure Family Dream Home

makes it necessary to have a

Early Career Advance Career Retirement Phase Ages (years) 

1. Providing for child’s future, education and marriage

3. Financial security of spouse

Retirement comes way down on the list of financial priorities

“I don’t want to think

“I don’t my assets for “I don’t

“I don’t want “I don’t want

Increased life Rs. 10124

expectancy Rs. 2172

Approximately 92% of population

ABSLI SARAL PENSION

Aditya Birla Sun Life Insurance Company 14

You have the option to

OPTION TO CHOOSE THE

Choose Annuity Provide your

Option as per details and your

Plan Option 1 Plan Option 2

Premium Rs. 2,98,913 Rs. 50 Lakhs

0 1 2 . . Death of either of the RIP

Age of the Life Insured(s) at Minimum: 40 Years

Maturity Age of the Life

Maximum Annuity Amount No Limit (subject to Board Approved Underwriting Policy)

Minimum Single Premium /

Maximum Single Premium /

branch manager or public notary.

interest, if any, as mentioned above.

LIST OF COVERED CRITICAL ILLNESESS

SALARIED & SELF- EARLY SENIOR CITIZENS

40 years to 50 years 51 years to 60 years 61 years & above

ALTERNATE SOURCE GUARANTEED LIFELONG INCOME

Option 1 - Life Annuity with Return of 100% of Purchase price (ROP)

65 28,805 58,240 1,46,545

55 29,015 58,775 1,48,054

Aditya Birla Sun Life Insurance Company

This section captures Annuitants Details. It also captures

Payment Term, Policy Term, Mode of Annuity Payment,

This section captures Plan Option Selected

This section captures Purchase Price with & without GST

Illustrative Benefits How to read and understand the Benefit Illustration?

2. Column 3: Annuity amount paid at selected frequency

3. Column 4: No other benefits are applicable

4. Column 5: No maturity benefit is available

5. Column 6: The amount mentioned in the Death benefit

6. Column 7: There is no minimum guaranteed surrender

7. Column 8: The amount mentioned in this column is the

Aditya Birla Sun Life Insurance Company

 Retirement Solutions Form to be used.

Change 2: ‘CKYC Number’ field is added

Change 5: Field ‘Gender’ is added under Nominee & Appointee details

Change 1: Added fields to capture details w.r.t the new Product.

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