We understand that you always want to give your child the best of
everything. From the moment you hold your baby so carefully in your
arms, you want to protect him/her from the vulnerability and
uncertainties of life. You question yourself time and again, 'Have
I done enough? Am I prepared to fulfill every single dream of
As your child grows up and looks for success in this fast-paced world,
he will always look up to you for support and inspiration. He may want
to discover his true passion and explore unconventional career
options. He might want to try new things until he is sure about his
career path. You will need to keep pace with his changing goals, you
will need a plan that gives your child the confidence to pursue and
discover his/her real passion. Presenting, Aditya Birla Sun Life
Insurance Vision Star Plan, so that you can ensure that your child
doesn't miss out on opportunities due to insufficient funds.
Give your loved ones the power to dream in just 3 simple steps
Steps to buy
- STEP 1: Choose your Sum Assured
- STEP 2: Choose your Assured Payout Option
- STEP 3: Choose your Premium Paying Term
Please refer to the product brochure for details.
ABSLI will declare simple reversionary bonuses regularly at the end of
each financial year and that will be added to your policy on its Policy Anniversary. Future
bonuses are however not guaranteed and will depend upon the future profits of the
ABSLI may also pay a terminal bonus on maturity or surrender, if
earlier, based on the actual experience and the prevailing economic conditions.
In the unfortunate event of the death of the life insured during the
- Sum Assured on Death will be paid to the nominee
- No premiums are required to be paid in future
- Assured Payouts on the scheduled dates as explained in the Assured Payout section
- Bonuses accrued till policy maturity date and terminal bonus, if any, will be payable
on the policy maturity date
Sum Assured on Death is the maximum of Sum Assured chosen at inception, irrespective
of any guaranteed Payouts paid or 10 times the annual premium payable. The death
benefit will be subject to minimum of 105% of total premiums paid to date excluding
GST any applicable rider premiums and underwriting extras, if any.
Starting from 5th year after the premium paying term is over, you shall start receiving Assured Payouts which are pre-defined percentage of the Sum Assured
chosen by you.
||X + 5
||X + 7
||X + 9
||X + 11
|%age of Sum Assured
Where X denotes the premium paying term
||X + 5
||X + 6
||X + 7
||X + 8
||X + 9
|%age of Sum Assured
If the life insured survives, we shall pay to you the following on the maturity date
- Accrued bonuses till date
- Terminal bonus (if any)
The policy will be terminated once the maturity benefit is paid.
If you discontinue paying premiums after having paid
premiums for at least three full years (Two years, for premium paying term less than 10
years), your policy will not lapse but continue on a Reduced Paid-up basis.
Your policy will acquire a surrender value aer all due
premiums for at least three full policy years (two years, for premium paying term less than
10 years) are paid.
For more details, please read the product brochure.
You may take a loan against your policy once it has acquired a surrender value. The minimum loan amount is Rs.5,000 and the maximum is 85% of your surrender value.
For more details on the benefits, please read the product brochure.
For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Some benefits are
guaranteed and some benefits are variable with bonuses based on the future performance of the participating business and economic
conditions. If your policy offers guaranteed returns then these will be clearly marked "guaranteed" in the illustration table on this page.
If your policy offers variable returns then the illustrations on this page will show two different rates of assumed future investment returns.
These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your
policy is dependent on a number of factors including future performance of the participating business. This is a traditional participating life
insurance plan. All terms & conditions are guaranteed throughout the policy term, except for the bonuses which would be declared at the
end of each financial year. GST 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 (including minors) will commence on the policy issue date. Tax benefits
are subject to changes in the tax laws. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company
Limited) Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road,
Mumbai - 400013. IRDAI Reg No. 109 CIN: U99999MH2000PLC128110 ADV/3/17-18/1987 VER1/MAR/2018