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Aditya Birla Sun Life Insurance Company Limited

Is a Term Insurance Plan with Return of Premium worth it?

September 15, 2026

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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

What happens if I survive a ROP Term Plan?

You receive a payout equal to the total premiums you paid over the policy tenure. No death benefit is paid since you are alive, and the policy ends after this refund is made.

How much more does an ROP plan cost compared to a regular Term Plan?

ROP plans typically carry a meaningfully higher premium than a regular Term Plan for the same sum assured and tenure, since the insurer is setting aside funds to cover the eventual refund. The exact difference varies by insurer, age and cover amount, so compare an actual quote for both versions.

Are riders more expensive on an ROP plan?

The rider premium itself is usually similar, but since it is added on top of an already higher base premium, the total cost of a rider-loaded ROP plan tends to be higher than the same riders added to a regular term plan.

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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