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ABSLI Assured Savings Plan

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ABSLI Assured Savings Plan provides life insurance cover and savings benefits to safeguard your family members from financial crisis in case of an unfortunate event, while helping you accumulate lumpsum benefits to achieve all your dreams.

Key Features of this Plan

  • Guaranteed1 benefits on death or maturity
  • Loyalty Additions that boost your maturity corpus year on year
  • Multiple policy & premium payment term options.
  • Cover your spouse by choosing Joint Life Protection

Plan at a glance:


Type of Plan A Non-Linked Non-Participating Individual Savings Life Insurance Plan
Coverage All Individuals (Male | Female | Transgender)
Benefit Option Lumpsum Payout at Policy Maturity
Premium Payment Term (PPT) & Policy Term (PT)
Premium Payment
Term (Years)
Policy Term (Years)
Minimum Maximum
Single Pay 5 20
5 10 35
6 12
7 13
8 14
9 15
10 16
11 17
12 18
Age of the Life Insured at Entry (Age as on last birthday)
Minimum Single Life: 30 days*
Joint Life: 18 years
* In case the Life Insured is a minor, the Policy will automatically vest in favour of Life Insured after attainment of majority of the Life Insured. For policies issued on minor life, the date of commencement of risk shall be the date of commencement of the policy.
Maximum Single life: 65 years
Joint Life: 50 years
Single Pay Option B: 50 years
Maturity Age of the Life Insured (Age as on last birthday)
Minimum 18 years
Maximum 85 years
Single Pay Option B: 70 years
Minimum Annualized Premium Single Pay: Rs.100,000
5 Pay: Rs. 20,000
6-12 Pay: Rs.30,000
Maximum Annualized Premium No Limit (subject to Board Approved Underwriting Policy)
Premium Payment Frequency and Frequency Loadings
Modal Factors 0.0% 3.5% 5.0% 6.0%
Premium Bands
The benefits under this product vary by premium bands as mentioned below:
Annualized Premium Band 1 Band 2 Band 3 Band 4 Band 5 Band 6
Single Pay NA NA 100,000 to
200,000 to
500,000 to
25,00,000 &
Limited Pay Upto 49,999 50,000 to
100,000 to
200,000 to
500,000 to
25,00,000 &

Death Benefits

IIn the event of death of the Life Insured during the Policy Term and provided that the Policy is In-force, the Death Benefit will be payable to the Nominee(s)/ Legal Heir(s). Nomination can only be effected if the Policyholder and Life Insured are the same.

Maturity Benefits

On Survival of the Life Insured till the end of the Policy Term provided the Policy is in-force and all due Installment Premiums under the Policy have been paid, you will receive lumpsum Maturity Benefit which shall be:

  • -Guaranteed1 Maturity Benefit
  • -Accrued Loyalty Additions

Joint Life Protection

Under this option, two lives, the Primary Life Insured and the Secondary Life Insured (spouse) are covered under the same Policy. The coverage for the secondary life insured will be equal to 20% of the Sum Assured of the Primary life insured.

This option is available only for limited pay policies and needs to be chosen at inception of the policy

A rider is an add-on to the original life insurance policy, which offers benefits over and above the plan subject to certain conditions.

Riders are a way of maximizing the benefits on a current policy at a nominal extra cost. Riders are also a way of customizing a life insurance plan as per the specific needs of the life insured. It can be attached anytime during the tenure of the policy.

  • ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V02)

    Get additional protection for accident leading to death at a nominal cost.

  • ABSLI Critical Illness Rider (UIN: 109B019V03)

    Get benefit amount as a lumpsum upon diagnosis of any of the 4 specified critical illnesses.

  • ABSLI Surgical Care Rider (UIN: 109B015V03)

    Get lump sum benefit amount to cover surgical expenses

  • ABSLI Hospital Care Rider (UIN: 109B016V03)

    Get daily cash benefit, additional ICU benefit and lumpsum recuperating benefit upon hospitalization

  • ABSLI Waiver of Premium Rider (UIN: 109B017V03)

    All future premiums waived in case of permanent disability due to illness or accident, any of the specified critical illnesses or death.

There are exclusions attached to the rider, please refer rider exclusion section in brochure for more details. Please refer to detailed brochures on riders, or visit our website for further details

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1Provided all due premiums are paid

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a Non-Linked Non-Participating Individual Savings Life Insurance Plan. All terms & conditions are guaranteed throughout the policy term. 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. All policy benefits are subject to policy being In-force.  For more details on risk factor terms and conditions, please read sales brochure before concluding the sale

Customer Helpline Numbers: 1-800-270-7000 (Toll Free) between 10 am to 7 pm

Trade Logo "Aditya Birla Capital" displayed above is owned by ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) and used by ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the license. Registered Office: One World Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI Reg No.109. Toll Free No. 1-800-270-7000. Website: www.adityabirlasunlifeinsurance.com. CIN: U99999MH2000PLC128110 UIN: 109N134V05 ADV/7/22-23/641

BEWARE OF SPURIOUS / FRAUD PHONE CALLS! IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.