Aditya Birla Sun Life Insurance Assured Income Plus Plan

Q & A Forum › Category: Financial Planning › Aditya Birla Sun Life Insurance Assured Income Plus Plan

kmadhavadas asked 5 years ago

Hi Srikanth, This is Madhavadas from Kerala State. Hope you are doing good. I am 56 year old person, retired. If I have to choose between investing a lump sum of money in ABSLI Assured Income Plus & RBI Bonds, What would be your suggestion. Appreciate your response

2 Answers

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Sreekanth Staff answered 5 years ago

Dear Madhavadas ji, I am doing good, thank you! May I know your investment objective and time-horizon? Are you referring to 7.RBI Floating Rate Savings Bonds 2020 ?

kmadhavadas replied 5 years ago

Hi Sreekanth,

Thanks a lot for your response.

Yes, my query is regarding FRSB 7.15% 2020 by RBI.

My objective is to have a steady monthly income in addition to the monthly income that I receive via MF/Bank FD/rental/P.O.MIS etc.

In FRSB 2020, though the interest rate changes once every six months, I am OK with it as it is pegged with NSC with (0.35%extra).

Just to quote an example, if I invest Rs.1Cr I will get Rs.3 lakh plus in six months.

Appreciate your suggestion.

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Sreekanth Staff answered 5 years ago

Hi, RBI bonds are a good choice. But, note that the interest income is taxable. Related article : RBI Floating Rate Savings Bonds 2020 : Features & Review In case, you are looking for immediate annuity (pension), can consider a annuity (pension) plan like LIC Jeevan Akshay. Related articles :