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