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ABSLI SecurePlus Plan

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Minimum Premium is Rs. 4,000 Monthly

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Aditya Birla Sun Life Insurance SecurePlus Plan is a non-participating life insurance plan that acts as a backup income plan. It acts as a saviour in times of uncertainties, so you and your family do not have to sacrifice your dreams and aspirations.

Download the Product Brochure from here for more details

Key features of the plan:

  • Flexibility to choose the amount you wish to pay every year
  • Flexibility to choose the Income Benefits
    • Option A: Receive income increasing from 100% to 600% of annualized premium at the end of each year for 6 years
    • Option B: Receive Income Benefit as fixed percentage of Annualized Premium for 8, 10 or 12 years
  • Inbuilt Accidental Death Benefit
  • Enhance your insurance with appropriate rider options

ABSLI SecurePlus at a Glance:

Entry Age 4 years - 50 years (age last birthday)
Maximum Maturity Age 64 years (age last birthday)
Policy Term, Premium Paying Term & Payment Period
Plan Option Premium Paying Term
(in years)
Policy Term
(in years)
Payment Term
(in years)
A 12 13 6
B 8 8 8
9
10
10 10 10
11
12
12 12 12
13
14
Minimum Premium ₹ 50,000 p.a. for Annual mode
₹ 36,000 p.a. for monthly mode
Sum Assured Sum Assured will be determined based on your entry age and the premium amount you commit to pay in a policy year.
Minimum Sum Assured ₹ 5,22,000
Premium Mode Annual | Monthly

Please ask your financial advisor for an illustration applicable to your policy or refer to your policy contract for further details.

Income Benefit:

After the completion of your policy term, you will start receiving payouts at the end of each year which are fully guaranteed. These payouts are a pre-defined percentage of the annualized premium paid by you. You can choose one of the following options at inception to receive the Income Benefit payouts:

  • Option A: Receive income increasing from 100% to 600% of annualized premium at the end of each year for 6 years
  • Option B: Receive income upto 215% of annualized premium at the end of each year for 8, 10 or 12 years

Death Benefit:

In case of life insured’s unfortunate demise during the policy period, a pre-determined death benefit will be paid to your nominee. The policy will stand terminated once the death benefit is paid.
In case of life insured’s unfortunate demise due to an accident during the Policy period then in addition to the death benefit, an Accidental Death Benefit will be paid to your nominee, subject to a maximum limit of Rs. 1 crore. The accidental death benefit is not applicable for minors, till the time they attain 18 years of age.

Maturity Benefit:

If you survive till the end of the policy term, on maturity date, you can choose to receive the commuted value of the Income Benefit as a lumpsum. The commuted value currently shall be calculated using a discounting rate of 9.00% per annum.

Customisable Benefits:

You can enhance your insurance cover during the policy term by adding the following riders for a nominal extra cost.

  • ABSLI Critical Illness Rider (UIN: 109B019V03)
  • ABSLI Surgical Care Rider (UIN: 109B015V03)
  • ABSLI Hospital Care Rider (UIN: 109B016V03)
  • ABSLI Waiver of Premium Rider (UIN: 109B017V03)

There are exclusions attached to the riders, Please refer exclusion section in rider brochure.

Reduced Paid Up Benefit:

If you discontinue paying premiums after having paid premiums for at least two full policy years, your policy will not lapse but continue on a Reduced Paid-Up basis.

How does the plan work ?

Entry Age : 35 years
Gender : Male
Policy Term : 13 years
Payment Period : 6 years
Sum Assured : Rs. 16,00,000
Annualized Premium* : Rs. 100,000
Premium Paying Term : 12 years
Payment Frequency : Yearly
Incom Benefit Option : Option A
Policy Year End Annualized Premium* Premiums Paid to Date Guaranteed
Death Benefit Income Benefit
1 100,000 100,000 16,00,000  
2 100,000 200,000 16,00,000  
3 100,000 300,000 16,00,000  
4 100,000 400,000 16,00,000  
5 100,000 500,000 16,00,000  
6 100,000 600,000 16,00,000  
7 100,000 700,000 16,00,000  
8 100,000 800,000 16,00,000  
9 100,000 900,000 16,00,000  
10 100,000 1,000,000 16,00,000  
11 100,000 1,100,000 16,00,000  
12 100,000 1,200,000 16,00,000  
13   1,200,000 16,00,000  
14   - - 100,000
15   - - 200,000
16   - - 300,000
17   - - 400,000
18   - - 500,000
19   - - 600,000

*The Annualized premium is exclusive of underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any and Goods & Service Tax (if any).

This is not a benefit illustration. Please visit our website or ask your financial advisor for the complete benefit illustration for your 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.

The different types of riders available for this plan are:

  • ABSLI Critical Illness Rider (UIN : 109B019VO3)

    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

  • Waiver of Premium (UIN: 109B017V03)

    All future premiums waived in case of permanent disability, death or 4 specified major illness

There are exclusions attached to the riders, Please refer exclusion section in rider brochure.

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Disclaimer

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating traditional insurance plan. All terms & conditions are guaranteed throughout the policy term. GST 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.For more details on risk factors, terms and conditions, please refer to the sales brochure before concluding the sale. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) . Registered Office: One World Center Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013.

 

Call Centre: 1-800-270-7000 www.adityabirlasunlifeinsurance.com IRDAI reg no.109 CIN: U99999MH2000PLC128110 VER1/NOV/2019

UIN:109N102V04 ADV/7/21-22/739

For more details on risk factors, terms and conditions please read sales brochure carefully before concluding the sale.

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.

Aditya Birla Sun Life Insurance Company Limited, Registered with Insurance Regulatory & Development Authority of India (IRDAI) as Life Insurance Company.

Registered Office:
One World Center, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013.
Toll free no. 1800-270-7000. 
www.adityabirlasunlifeinsurance.com
Pan no. AABCB4623J
GST no. 27AABCB4623J1ZS
CIN: U99999MH2000PLC128110
Registration No. 109.

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  • 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.