The Great Benefits Of an Assured Income Plan 

1. Guaranteed Income: Under the plan, the policyholder is given a fixed amount of income for a particular period, called the income benefit period, normally ranging anywhere from ten years to thirty years. The income can be used for ordinary monthly bills, such as electric bills or children’s school fees and any other bills, retirement income, etc.
2. Life Insurance Coverage: In addition to the promised number of monetary units, the policyholder is also provided with life assurance, which is the value of the subscribed premium. If the policyholder dies before the policy is completed, the policy pays out a cash sum to the policy’s nominee.
3. Flexible Premium Payment Options: Consumers in every policy plan category can make premium payments in various modes, including annual, semi-annual, quarterly, or monthly.
4. Maturity Benefit: In all policies, an end benefit is agreed upon and paid at the policy's maturity, covering all guaranteed income benefits the policyholder receives.
5. Tax Benefits: The share paid for the Aditya Birla Sun Life Guaranteed Income Plan may also be eligible for taxation under section 80C of the Income Tax Act of 1961 in various possibilities of governmental tax regulation.
6. Riders: Subject to the base plan selected, other options can be included; these options include an accidental death benefit rider, a critical illness rider, or the waiver of a premium rider, although this comes at a cost.
7. Loan Facility: Under these terms and conditions, the borrower can take over a loan against the policy's surrender value, rewarding the policyholder with money as and when he/she requires it.

How To Avail Life Insurance Assured Income Plan With GoCapitalz: 

First, people must go through the GoCapitalz Site, use the main navigation, and locate the insurance page. After opening the Insurance page, navigate to the Life Insurance Assured Income Plan and apply for the same:

• The following information should be filled in the application form neatly, accurately, and legibly in black ink or blueprint where the options are available. The application form can be downloaded from Aditya Birla Life Insurance's official website, branch offices, or the nearest insurance agents.
• The complete application form and the required documents must be submitted to Aditya Birla Life Insurance's assured income plan portal. This typically entails identity documents such as a passport, driver’s license, national ID, and other documents necessary to establish the customer’s identification and residency, income, and any other relevant details required to underwrite the loan.

Things To Keep In Mind Before Buying Assured Income Plan Life Insurance: 

There are several reasons why individuals apply for life insurance since its coverage is dependent on the person's financial needs, commitment, and objectives. Such as Financial Protection for Dependents, Supplemental Retirement Income, Income Replacement, etc., but one must understand and be sure before buying any sort of life insurance, so please keep the below-mentioned points:

• Financial Goals
• Budget and Affordability
• Coverage Amount
• Guaranteed Income Period
• Premium Payment Flexibility
• Policy Terms and Conditions
• Riders and Additional Benefits
• Financial Stability of the Insurer
• Tax Implications
• Seek Professional Advice

The specific plan fitting the description is the Aditya  Birla Life insurance (Assured Income Plan), also known as Aditya Birla Sun Life Guaranteed Income Plan, and one of the benefits of this product is guaranteed income coupled with life insurance. These are the features, qualifying factors, documents, and charges insurance a person must know while considering this plan: Tax-saving, option riders, and benefits are some of the positives of this plan. It is recommended to address an insurance adviser to get better-suited advice and have no obstacles during the application process. However, if attention is paid and plans are thought through, the Assured Income plan can become one of the components of the overall financial planning and secure the future.