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ABSLI Savings Plan
A traditional participating life insurance plan

From the assurance of providing quality education to taking your loved ones for a vacation. You work hard to fulfill every commitment towards your loved ones. To fulfil every goal and secure your family's well-being you need to protect your savings from life's uncertainties. The Aditya Birla Sun Life Insurance Savings Plan can help you achieve this by enabling you to save regularly and grow your savings steadily over time. Give your loved ones peace of mind and the promise of a brighter tomorrow.

How to apply?

  • STEP 1
    Choose the Sum Assured* Decide the policy term

  • STEP 2
    Choose the premium payment term

  • STEP 3
    Choose the premium payment term

*This is the guaranteed Sum Assured on death and maturity.

Sum Assured Band* Band 1 Band 2 Band3
Sum Assured Rs. 30,000 to 49,999 50,000 to 1,49,999 1,50,000 to 1,000,000

Key advantages

  • Flexibility to choose the Sum Assured based on your protection and savings need
  • Flexibility to choose the policy term and the premium paying term
  • Additional Sum Assured payable in case of accidental death
  • Guaranteed Additions for the first 5 policy years
  • Boost your savings by bonuses starting from the first policy year
  • Ability to take a loan against policy
at the end of each policy year during the first 5 years.

In the unfortunate event of the death of the life insured during the policy term, we shall pay the following to the nominee:

  • Guaranteed Death Benefit, plus
  • Accrued Guaranteed Additions; plus
  • Accrued regular bonuses as on date of death, plus
  • Terminal Bonus if any

In the event that the life insured survives till the end of the policy term, we shall pay the following:

  • Sum Assured, plus
  • Accrued Guaranteed additions, plus
  • Accrued regular bonuses, plus
  • Terminal Bonus if any

The policy shall be terminated once the maturity benefit is paid.

If you stop paying premiums after fully paying for 3 years, your policy will continue on a Reduced Paid-up basis.

If you have paid the premiums for 3 years and miss paying any subsequent premium, full death benefit will continue for 2 successive years (auto cover continuation period) from the due date of the first unpaid premium even though the policy is in Reduced Paid-up status. For more details on any of the above benefits, please refer to the sales brochure

Entry Age (age last birthday) 18 – 50 years
Policy Term 10, 15, 20 years
Premium Paying Term For policy term 10 years: Regular pay
For policy term 15 years: 10 years - Regular pay
For policy term 20 years: 10 years, 15 years - Regular pay
Minimum Sum Assured Rs.30,000
Maximum Sum Assured Rs.10,00,000
Premium Frequency Annual, Semi-annual, Quarterly or Monthly
(all modes except Annual allowed through ECS only)
Please click here to Download product brochure
Please click here to download policy contract
Please click here for Latest Bonus Rates
Disclaimer
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional participating endowment plan. All terms and conditions are guaranteed throughout the policy term, except for the bonuses which would be declared at the end of each financial year. GST 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. For details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. Tax benefits are subject to changes in the tax laws.Some benefits are guaranteed and some benefits are variable with returns based on the future performance of the company (ABSLI). 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 investment performance 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/4/18-19/2360 VER1/APR/2018

UIN: 109N088V01