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In this policy, the investment risk in the investment portfolio is borne by the policyholder.​

Benefits of ABSLI Group Value Plus Plan

POLICY BENEFITS

All benefits under the policy will be paid to you and not the member. However, on your request we may pay the benefit directly to the member.
 
Death Benefit

We will pay you the amount of benefit specified by you for the member. In addition, amount equal to Sum Assured of Rs. 5000 is also payable.
 
Non- death benefits

On your instruction we may pay non-death benefit as specified by you for the member.


Surrender Benefit

You can surrender the policy anytime and we will pay you the policy fund value in each account of the policy. Partial surrender is not allowed under this policy.


Guaranteed Additions

You will get additional units added to the policy fund value on each policy anniversary calculated on the average policy fund value on the twelve monthly processing dates immediately preceding the policy anniversary as per below mentioned rates:
 

Average Fund Size
% of average policy fund value
(Rs. Mn)
Plan A
Plan B
Plan C
0 to < 10
0.00
0.00
0.00
10 to < 50
0.50
0.50
0.20
50 to < 200
0.50
0.50
0.30
200 to < 500
0.50
0.50
0.40
500 +
0.50
0.50
0.50
​​
Disclaimer
This policy is underwritten by Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating unit linked plan. Birla Sun Life Insurance, ABSLI Group Unit Linked Plan are only the names of the Company and Policy respectively and do not in any way indicate their quality, future prospects or returns. The names of the funds offered in this plan do not in any way indicate their quality, future prospects or returns. The charges are guaranteed throughout the term of the policy unless specifically mentioned and subject to IRDA approval. The value of the investment fund reflects the value of the underlying investments. These investments are subject to market risks and change in fundamentals such as tax rates etc affecting the investment portfolio. The premium paid in unit linked life insurance policies are subject to investment risk associated with capital markets and the unit price of the units may go up or down based on the performance of investment fund and factors influencing the capital market and the policyholder is responsible for his/her decisions. There is no guarantee or assurance of returns from the investment funds. ABSLI reserves the right to recover levies such as the service tax levied by the authorities on insurance transactions. If there be any additional levies, they too will be recovered from you. This brochure contains 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. Insurance is the subject matter of the solicitation. For more details and clarification visit our website. Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. Call Centre: 1-800-270-7000 www.adityabirlasunlifeinsurance.com Reg. No. 109 | CIN: U99999MH2000PLC128110 ADV/11/19-20/1086

UIN : 109L055V04