Mumbai, September 16, 2026: Aditya Birla Sun Life Insurance Company Limited (“ABSLI”), the life insurance subsidiary of Aditya Birla Capital, India’s leading diversified financial services company, today announced the launch of ABSLI Smart Wealth Pension Plan, a Unit Linked Non-Participating Individual Life Insurance Pension Plan. This plan is designed to help customers build equity linked retirement fund for their future and use the fund for a regular lifelong income stream through annuity at retirement.
While customers routinely plan for life goals such as child’s education, a home or a family vacation, retirement planning often takes a back seat. The reality is that the income will stop at retirement. ABSLI Smart Wealth Pension Plan addresses this gap through a new age highly innovative retirement focussed equity linked product that enables customers to build retirement fund for their golden years.
Key features:
- Choice of Plan Options: Customers can choose between Advantage, Prime and Elite options, each structured to suit different premium sizes and benefit preferences.
2.Single and Joint Life: The plan offers customers added flexibility through its Single Life and Joint Life options, with Waiver of Premium on the death of either life assured under the Joint Life option, helping ensure the plan continues uninterrupted towards the customer’s retirement goal.
3.Choose Your Investment: Select from 5 funds and 4 investment strategies that match your risk profile and retirement goals.
4.HER Benefit: Recognising the distinct financial planning needs of women, the plan offers higher benefit for female policyholders compared to male policyholders.
5.Fund Boosters: The plan returns up to 600% of Premium Allocation Charges back to the fund value over the policy term, adds Annual Loyalty Additions from the 6th policy year onward, and offers an Annuity Booster of up to 1% of the average fund value at vesting.
Mr. Kamlesh Rao, MD & CEO, Aditya Birla Sun Life Insurance Company Limited, said, “Retirement today is about having the freedom to pursue one’s aspirations and enjoy life with confidence. Achieving this requires thoughtful financial planning from an early stage. With ABSLI Smart Wealth Pension Plan, we aim to offer customers the flexibility, choice and long-term benefits needed to build a retirement fund that supports their future goals.”
At maturity, customers can make a tax-free withdrawal of up to 60% of the corpus, with the remaining amount available for purchasing an annuity, subject to applicable regulations. The plan is available to customers aged 18 to 75 years. Customers can access the plan through ABSLI’s nationwide distribution network and online channel. To know more about the product, please click here: ABSLI Smart Wealth Pension Plan | ULIP Plan | ABSLI
ABSLI Smart Wealth Pension Plan | UIN: 109L157V01, A Unit-Linked Non-Participating Individual Pension Plan.
Unit Linked Insurance Products are different from traditional insurance products and are subject to market risks. The investment risk in the investment portfolio is borne by the policyholder. Tax benefits are subject to prevailing tax laws, as amended from time to time.
About Aditya Birla Sun Life Insurance Company Limited:
Aditya Birla Sun Life Insurance Company Limited (“ABSLI”) is a part of Aditya Birla Capital Ltd (“ABCL”). ABSLI was incorporated on August 4th, 2000, and commenced operations on January 17th, 2001. ABSLI is a 51:49 a joint venture between the Aditya Birla Group and Sun Life Financial Inc., an international financial services organization in Canada. ABSLI offers a range of products across the customer’s life cycle, including children future plans, wealth protection plans, retirement and pension solutions, health plans, traditional term plans and Unit Linked Insurance Plans (“ULIPs”).
As of June 30, 2026, total AUM of ABSLI stood at Rs. 117,487 Cr. ABSLI recorded a gross premium income of Rs. 4,743 Cr with Individual Business FYP with Single Premium at 10% of Rs. 952 Cr registering a growth of 20%. Renewal Premium grew by 19% with gross Individual and Group segment. ABSLI has a nationwide distribution presence through 450+ branches, 11 bancassurance partners, 6 distribution channels, over 63,000+ direct selling agents, other Corporate Agents, and Brokers through its website. The company has over 29,000+ employees and 22.93 lakh active customers. IRDAI Reg no. 109.
About Aditya Birla Capital Limited:
Aditya Birla Capital Limited (‘ABCL’) is a listed systemically important, Upper Layer Non-Deposit taking Non-Banking Financial Company (NBFC-ICC) and the holding company of the financial services businesses. ABCL and its subsidiaries/JVs provide a comprehensive suite of financial solutions across Loans, Investments, Insurance, and Payments to serve the diverse needs of customers across their lifecycles. Powered by over 66,500 employees, the businesses of ABCL have a nationwide reach with over 1,759 branches and more than 200,000 agents /channel partners along with several bank partners. ABCL and its subsidiaries/JVs manage aggregate assets under management of about Rs. 7.53 Lakh Crore, and the consolidated lending book crossed Rs. 2.19 Lakh Crore as of June 30, 2026.
Aditya Birla Capital Limited is a part of the US$ 67 billion global conglomerate Aditya Birla Group, which is in the league of Fortune 500 and has a consolidated market cap of over US$117 billion, as of Jan 1, 2026. Anchored by an extraordinary force of over 227,500 employees, the Group is built on a strong foundation of stakeholder value creation. With over seven decades of responsible business practices, the Group’s businesses have grown into global powerhouses in a wide range of sectors – from metals to cement, fashion to financial services and textiles to trading. Today, over 40% of the Group revenues flow from overseas operations that span 41 countries across six continents with over 340 state-of-the-art manufacturing units.
