Today you are young and you don't have as many responsibilities.
Even then you don't know where the money goes as your desires
are increasing and you want to lead a good lifestyle and fulfil your
desires. But, tomorrow as your responsibilities and life's
uncertainties increase, you and your family should not have to
sacrifice this lifestyle that you are enjoying today. So, if you start
saving small amounts in a disciplined manner today, not only will
you accumulate enough tax-free savings for a secure future but
also protect yourself from life's uncertainties.
(Under Section 80C and Section 10(10D) of the Income Tax Act, 1961)
How to apply?
- STEP 1: Choose the Sum Assured
- STEP 2: Choose the policy term
For ease of reference, the Sum Assured is banded as follows:
|Sum Assured Band
|Sum Assured (Rs.)
||2,00,000 to 3,99,999
||4,00,000 to 5,99,999
||6,00,000 to 7,99,999
Growth in your savings
Enhance your savings by regular bonuses throughout the policy term starting from the
first policy year
Safety of your loved ones
Comprehensive financial protection to you and your family up to age 100
In the event the life insured survives till the end of the policy term, the policyholder shall
be paid Sum Assured, plus accrued regular bonuses, plus Terminal Bonus (if any). The
policy continues even after the Maturity Benefit is paid.
In the unfortunate event of death of the life insured during the policy term, the nominee
shall receive the Guaranteed Death Benefit; plus accrued regular bonuses as on date of
death; plus Terminal Bonus, (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 GST, if any) shall be payable as the Death Benefit. In case of death during this
period or survival to the age of 100 years, if earlier, the Guaranteed Death Benefit1 shall
be payable. Guaranteed Death Benefit is the Sum Assured or 10 times the annual
premium payable, whichever is higher. If the life insured is different from the
policyholder, we shall pay the above death benefit to the policyholder and the policy shall
be terminated once the death benefit is paid.
1Subject to a minimum of 105% of total premiums paid to date (excluding GST, any applicable rider, and
underwriting extras, if any)
For added protection, you can enhance your insurance coverage during the policy term by adding the
following riders for a nominal extra cost.
- ABSLI Accidental Death and Disability Rider (UIN: 109B018V03)
- ABSLI Critical Illness Rider (UIN: 109B019V03)
- ABSLI Surgical Care Rider (UIN: 109B015V03)
- ABSLI Hospital Care Rider (UIN: 109B016V03)
- ABSLI Waiver of Premium Rider (UIN: 109B017V02)
- ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V01)
Please refer to detailed brochures on riders, consult your financial advisor or visit
our website for further details.
If you discontinue paying premiums after having paid premiums for at least three full
years, your policy will not lapse but will continue on a Reduced Paid-up basis.
As per extant tax laws, this plan offers tax benefits under Section 80C and Section
10(10D) of the Income Tax Act, 1961(1) subject to fulfilment of the other conditions of
the respective sections prescribed therein.
(1)Tax benefits are subject to changes in tax laws. Please consult your tax advisor for more details.
For more details on the above mentioned benefits, please refer to the product brochure.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional participating
whole life insurance 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 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. 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. For more 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 - 400 013.
IRDAI reg no.109 CIN: U99999MH2000PLC128110 ADV/3/17-18/2010 VER1/MAR/2018