ABSLI Income Assured Plan

ABSLI Income Assured Plan

  • The ABSLI Income Assured Plan can be suitable for you, if your key objective is secured savings, regular income and comprehensive financial protection for your family
  • A traditional, non-participating, savings plan; this plan offers assured income (payable from the end of the premium paying term till maturity) and life insurance benefits.

The ABSLI Income Assured Plan offers:

  • Assured Income - 8% of the Sum Assured per annum payable monthly starting after the premium paying term till the maturity of the policy.
    ›› Option to accrue the Assured Income and receive it as a lump sum at the end of policy term. The receivable Assured Income will be enhanced by 137.5% (for policy terms of
    15, 17 and 20 years) and 175% (for policy terms of 22 and 25 years)
  • Guaranteed Additions will be added to your policy at the beginning of each quarter after the completion of the premium-payment term, until policy maturity date. Guaranteed Additions per annum as a percentage of Sum Assured for the various premium paying term are given below:
 Premium-Paying Term  Guaranteed Additions
 5 years  7%
 7 years  8.5%
 10 years  10%

Entry Age (age on
last birthday)
8 to 60 years of age (subject to maximum attained
age of 75 years at the end of the policy term)
Premium Paying
Term
5 years for 15 year policy term
7 years for 17 | 22 year policy term
10 years for 20 | 25 years policy term
Policy Term 15, 17, 20, 22 and 25 years
Sum Assured Band Band 1: Rs. 1,00,000 to 1,99,999
Band 2: Rs. 2,00,000 to 3,99,999
Band 3: Rs. 4,00,000 +
Death Benefit Sum Assured on death plus
Guaranteed Additions accrued to date of death plus
Increased accrued Assured Income if opted for
Sum Assured on Death is maximum of Sum Assured or
10 times the annual premium (premiums payable in a year) throughout the premium paying term or 105% of total premiums
paid to date excluding Tax & Cess, any applicable rider premiums and underwriting extras, if any
Maturity Benefit Sum Assured plus
Guaranteed Additions accrued to date plus
Increased accrued Assured Income if opted for
Surrender Benefit The policy will acquire a surrender value after all due
premiums for at least two full policy years are paid
(three full policy years for 10 year premium paying term)
Loan Benefit You can avail loan on your policy.
The minimum loan amount is Rs. 5,000
and maximum is 85% of the surrender value.
Minimum Sum Assured Rs. 100000
Premium Frequency Annual, Semi-annual, Quarterly, Monthly
(all modes except Annual allowed through ECS only)
Rider Options ABSLI Waiver of Premium Rider

ABSLI Income Assured Plan UIN No: 109N089V01

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Disclaimer:

Deutsche Bank is a corporate agent of Aditya Birla Sun Life Insurance Company Limited under license number CA0020. This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional non participating savings plan. All terms and conditions are guaranteed throughout the policy term. Service Tax and Education Cess and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. The insurance cover for the life insured will commence on the policy issue date. This brochure contains only the salient features of the plan. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more details and clarification, call your ABSLI Insurance Advisor or visit our website and allow us in making your dreams come true. Insurance is the subject matter of solicitation.
Regd. Office: Aditya Birla Sun Life Insurance Company Limited, One Indiabulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841 Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. CIN: U99999MH2000PLC128110, Registration No. 109 ADV/6/14-15/8101.

IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call number.