Is there any Rider benefit in this plan?

No, riders are not available on this plan.

What is waiting period in this policy?

ABSLI Jeevan Bachat Plan is one of the types of savings plans wherein a waiting period of 90 days from the policy commencement date is applicable for all benefits payable under it. If the life insured dies during the waiting period, we shall refund the premiums paid (excluding applicable taxes) since date of inception of policy.

What is the death benefit under the plan?

In case of policyholder’s unfortunate demise during the policy term, subject to provisions in the waiting period, we shall pay to the nominee Sum Assured on Death plus Guaranteed1 Additions accrued till date of death.

What happens if you do not pay premiums on time?

If you are unable to pay premiums by their due date, you will be given a grace period of 30 days and during this grace period, all coverage under your policy will continue.

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Aditya Birla Sun Life Insurance Company Limited

ABSLI Jeevan Bachat Plan

Q: What is the minimum and maximum sum assured which can be taken under the policy?

The minimum and maximum sum assured is as follows: 1. For Single Premium Paying Term Minimum is Rs. 25,000 and Maximum is Rs. 10,00,000 2. For Limited/Regular Premium Paying Term Minimum is Rs. 50,000 and Maximum is Rs, 10,00,000

PROTECTING your savings with guaranteed returns is easy.

Aditya Birla Sun Life Insurance ABSLI Jeevan Bachat Plan boosts your savings by offering guaranteed¹ returns and life cover 10 times of your annualized premium along with tax benefits².

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Features of Jeevan Bachat Plan

Fully guaranteed benefits on death or maturity
Easy and convenient to buy
Inbuilt accidental death benefit
No medical tests required

Death Benefit
In case of life insured’s unfortunate demise during the policy term, death benefit will be paid to your nominee. The policy will stand terminated once the death benefit is paid.
Accidental Death Benefit
In case of life insured’s unfortunate demise due to an accident during the policy term, then, in addition to the death benefit, an Accidental Death Benefit will be paid to your nominee. The accidental death benefit is not applicable for minors, till the time they attain 18 years of age.
Maturity Benefit
The Jeevan Bachat policy matures on policyholder’s survival to the end of policy term, when a maturity benefit will be paid to you in lump sum.
Guaranteed Additions
Guaranteed¹ additions will be added to your policy on a monthly basis till policy maturity, provided all due premiums have been paid, and shall be payable in the event of death or policy maturity, whichever earlier.

¹Provided all premiums are paid
Reduced Paid–Up Benefits
If you discontinue paying premiums after having paid premiums for at least two full policy years, your policy will not lapse but continue on a Reduced Paid-Up basis.

Entry Age (age last birthday)
1 - 55 years
Premium Paying Term
Single Pay

Limited Pay - 6 | 9 | 12 years

Regular Pay – 10 | 15 years
Policy Term
For Single Pay & 6 Pay : 10 | 15 | 20 years

For 9 & 12 Pay: 15 | 20 years

For Regular Pay: 10 | 15 years
Maturity Age
Minimum - 18 years

Maximum - 65 years
Premium
For Single Pay: Min: Rs. 20,000| Max: Rs. 1,00,000

For Limited and Regular Pay: Min: Rs. 5,000 | Max: Rs. 1,00,000
Sum Assured
Minimum: Single Pay: Rs. 25,000 | Limited and Regular Pay: Rs. 50,000

Maximum: Rs. 10,00,000
Premium Mode
Single, Annual, Semi-annual, Quarterly, Monthly

Jeevan Bachat Plan FAQs

What is the minimum and maximum sum assured which can be taken under the policy?

The minimum and maximum sum assured is as follows:

Premium Paying Term	Minimum	Maximum
Single Pay	Rs. 25,000	Rs. 10,00,000
Limited/Regular Pay	Rs. 50,000	Rs, 10,00,000

Is there any Rider benefit in this plan?

No, riders are not available on this plan.
What is waiting period in this policy?

ABSLI Jeevan Bachat Plan is one of the types of savings plans wherein a waiting period of 90 days from the policy commencement date is applicable for all benefits payable under it. If the life insured dies during the waiting period, we shall refund the premiums paid (excluding applicable taxes) since date of inception of policy.
What is the death benefit under the plan?

In case of policyholder’s unfortunate demise during the policy term, subject to provisions in the waiting period, we shall pay to the nominee Sum Assured on Death plus Guaranteed¹ Additions accrued till date of death.

¹Provided all premiums are paid
What happens if you do not pay premiums on time?

If you are unable to pay premiums by their due date, you will be given a grace period of 30 days and during this grace period, all coverage under your policy will continue.

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¹Provided all premiums are paid
²Tax benefits are subject to changes in tax laws - connect to with reference indicator - right below tax benefits only

Disclaimer:

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non-participating life insurance plan. All terms & conditions are guaranteed throughout the policy term. GST and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws. The insurance cover for the life insured (including minors) will commence on the policy issue date. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. 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 see how we can help in making your dreams come true. Aditya Birla Sun Life Insurance Company Limited Registered Office: One World Center Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 www.adityabirlasunlifeinsurance.com IRDAI reg no.109 CIN: U99999MH2000PLC128110 UIN: 109N107V03

ADV/9/20-21/1151

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