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Aditya Birla Sun Life Insurance Company Limited

How to plan Life Insurance around your family’s needs in 2026?

October 9, 2026

6 mins

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Disclaimer : ABSLI Nishchit Aayush Plan (UIN No 109N137V12) is a non-linked non-participating individual savings life insurance plan.
^ Provided 0 year deferment & Annually in Advance payout frequency is chosen at the time of inception of the policy. Annually in Advance payout frequency is only available in "Annual" premium payment mode. ^*Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income, Sum Assured 7 times of Annualized Premium and Deferment Period 0 years. Annualized Premium is ₹1,00,000 (Exclusive of GST.). Annual Income of ₹ 32,750 (32,750*40=  13,10,000) + Maturity Benefit (₹20,00,000)= ₹ 33,10,000 ADV/3/24-25/3076.

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Frequently asked questions

Is Life Insurance compulsory for every financial plan?

No. Assess dependents, shared debts, and the financial value of unpaid care. People without these responsibilities may have a smaller immediate protection need. The decision should follow an assessment of circumstances.

Is 10 times my annual income always enough cover?

No. A fixed multiple salary can overlook liabilities, support duration, inflation, and existing resources. Estimate those needs separately and avoid treating a rule of thumb as a personalised recommendation.

Can I rely only on my employer’s Life Insurance?

Check the group policy and membership terms first. Employer cover may be tied to employment, so consider how family protection would continue after a job change or retirement.

Will missing a premium always erase every policy benefit?

No. The consequences depend on the contract and eligibility for reduced paid-up benefits or revival. Check the policy status with the insurer before assuming cover continues or has ended completely.

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References

[1] Original page and official company footer
https://lifeinsurance.adityabirlacapital.com/articles/life-insurance/personal-financial-planning-for-your-insurance-in-2022/

[2] IRDAI Master Circular on Protection of Policyholders’ Interests 2024, 5 September 2024, reference 117/9/2024; official index verified, full document retrieval blocked
https://irdai.gov.in/circulars

[3] IRDAI Master Circular on Life Insurance Products, 12 June 2024, reference 89/6/2024; official index verified, full document retrieval blocked
https://irdai.gov.in/web/guest/circulars?filterDepartment=ACT&filtersApplied=true

[4] ABSLI explanation of calculating cover based on income
https://lifeinsurance.adityabirlacapital.com/articles/life-insurance/how-to-calculate-life-insurance-needs-based-on-income/

[5] ABSLI explanation of inflation and cover
https://lifeinsurance.adityabirlacapital.com/articles/life-insurance/does-your-life-insurance-cover-beat-inflation/

[6] ABSLI explanation of missed premiums
https://lifeinsurance.adityabirlacapital.com/articles/life-insurance/what-happens-if-you-miss-life-insurance-premium-payment/

[7] Official human life value calculator
https://lifeinsurance.adityabirlacapital.com/calculators/hlv/

Research accessed 7 October 2026. Before release, reviewer must confirm operative rules and subsequent amendments from full official circulars and relevant issued contracts. The worksheet and inflation figures are original illustrative arithmetic, not external statistics.

Buy ₹1 Crore Term Insurance at Just ₹575/month^*

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^*LI Age 21, Male, Salaried, Non Smoker, Option 1: Level Cover, PPT: Regular Pay, SA:  ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Death Benefit Payout as Lumpsum. Annual Premium: ₹ 6900/- ( which is ₹ 575/month), 1 Cr SA is paid and the policy terminates. 
ABSLI Super Term Plan - This Policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non-participating individual pure risk premium life insurance plan. UIN: 109N153V02