Birla Sun Life Insurance launches ULIP pension plan

Birla Sun Life Insurance has launched its non-participating unit-linked pension plan ‘Empower Pension.’

The plan enables customers to accumulate their premiums and investment returns into a corpus for their retirement needs in the accumulation phase. In the vesting phase, this corpus would be used to purchase annuity, which ensures a stream of regular income payable for the rest of their lives. Read more

HDFC Life Insurance launches New Immediate Annuity Plan

HDFC Life, one of India’s leading life insurance companies, announced the launch of ‘HDFC Life New Immediate Annuity Plan’, a traditional annuity product with a wide range of annuity options that will ensure a regular income stream post retirement. Read more