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ABSLI Vision Endowment Plus Plan
A traditional participating life insurance plan

In life, when we face so much uncertainty around us, there's nothing more reassuring than knowing that not only is your money safe, but also that you will receive more than what you have invested. With the return of premium along with accrued bonuses on maturity and protecting your family's financial security, this plan offers you the best of both worlds.

Hence, by investing in Aditya Birla Sun Life Insurance Vision Endowment Plus Plan, your investment can go a long way in building a safe and financially sound future for your family, today as well as in the years to come.

How does the plan work?

  • STEP 1: Choose your sum assured
  • STEP 2: Choose your premium paying term
  • STEP 3: Choose your premium frequency
  • STEP 4: Choose the Death Benefit Option

Your premium will depend on the amount of the Sum Assured you select.

Please refer to the product brochure for details.

In the unfortunate event of the death of the life insured during the policy term, the death benefit payable to the nominee shall be:

  • Sum Assured on Death; plus
  • Accrued regular bonuses as of date of death; plus
  • Terminal Bonus (if any)

Option A - Sum Assured on Death is maximum of 100% of Sum Assured or Maturity Sum Assured(2) or 10 times the annual premium payable.

Option B - Sum Assured on Death is maximum of 150% of Sum Assured or Maturity Sum Assured(2) or 10 times the annual premium payable.

The death benefit will be subject to minimum of 105% of total premiums paid to date excluding service tax, any applicable rider premiums and underwriting extras, if any.

In case where the death of the Life Insured takes place prior to the risk commencement date, only the basic premiums paid to date (excluding service tax, if any ) shall be payable

In case of death of the life insured, if the life insured is different from the policyholder, the policyholder will receive the death benefit. The policy shall be terminated once the death benefit is paid.

(2)where Maturity Sum Assured is sum of all premiums payable excluding GST, any applicable rider premiums and underwriting extra (if any)

In the event the life insured survives to the end of the policy term, we shall pay to you

  • Maturity Sum Assured(3); plus
  • Accrued bonuses till date; plus
  • Terminal bonus (if any)

(3)where Maturity Sum Assured is sum of all premiums payable excluding GST, any applicable rider premiums and underwriting extra (if any)

For added protection, you can enhance your insurance coverage during the policy term by adding riders for a nominal extra cost. Please refer to detailed brochures on riders or consult your financial advisor.

As per extant tax laws, this plan offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961(4). Please consult your tax advisor for details.

(4)Tax benefits are subject to changes in the tax laws, you are advised to consult your tax advisor for details.

For details on the above mentioned benefits, please refer to product brochure before concluding the sale.

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 & 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. 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. 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/3/17-18/1929 VER1/MAR/2018

UIN: 109N092V03