ABSLI Life Shield Plan

ABSLI Vision Star Plan

Secure your child's educational goals with regular assured payout and accrued bonuses!
Secure your child's educational goals with regular assured payout and accrued bonuses!
Unlimited Earning Potential Flexibility of premium paying term and policy term
Growth of your savings through bonus accumulation

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Give ₹9.35 lakhs1 for 5 years and Get ₹ 82 lakhs by maturity.
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Why buy ABSLI Vision Star Plan?

ABSLI Vision Star Plan is designed to provide for important milestones so that you can be rest assured that nothing will prevent your dream for your child from turning into reality.

Key Features:
  • iconbullet Assurance – In case of your untimely death all the dreams for your child will still be fulfilled. No burden on your family to pay the premiums to receive the benefits as planned by you.
  • iconbullet Safety to your loved ones – Comprehensive financial protection of your family depending on your choice of Sum Assured
  • iconbullet Growth to your savings – Enhance your savings by accrued bonuses starting from the first policy year which continue to accrue till maturity
  • iconbullet Regular bonuses – ABSLI will declare simple reversionary bonuses regularly at the end of each financial year and that will be added to your policy on its policy anniversary

Benefits of ABSLI Vision Star Plan

ABSLI Vision Star Plan ensures assured payouts for financing your child’s education & securing child’s future.

Death Benefit
Death Benefit
In the unfortunate event of the death of the life insured during the policy term, we will pay the nominee
• Sum Assured on Death; plus
• No premiums are required to be paid in future; plus
• Assured Payouts on the scheduled dates as explained in the Assured Payout section; plus • Bonuses accrued till policy maturity date and terminal bonus, if any, will be payable on the policy maturity date
Savings Plan
Assured Payout
Starting from the 5th year after the premium paying term is over, you shall start receiving Assured Payouts which are predefined percentages of the Sum Assured chosen by you. Depending on your perceived need for a biannual or annual payout, you can choose one of the two options at inception to receive the Assured Payouts after five years after the premium paying term is over.
Please refer product brochure for more details
Maturity Benefit
Maturity Benefit
In the event the life insured survives to the end of the policy term, we shall pay to you the accrued bonus till date plus terminal bonus if any. The policy shall be terminated once the maturity benefit is paid. Please refer product brochure for more details

ABSLI Vision Star Plan With Riders

Entry Age (age last birthday)

:

18 – 55 years

Max Maturity Age

:

75 years

Minimum Policy Term

:

For Option A - 16 years (maximum of 23 years)

For Option B - 14 years (maximum of 21 years)

Premium Paying Term

:

5 - 12 years

Minimum Sum Assured

:

Rs. 1,00,000

Premium Frequency

:

Annual, Semi-annual, Quarterly & Monthly


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 on this page. If your policy offers variable returns then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future performance of the participating business. In the illustration below, the Sum Assured is fully guaranteed. The total death benefit is not guaranteed and is determined using assumed future investment returns of 4% and 8% as set by the Life Insurance Council.


Entry Age : 40 years Annualized Premium : ₹ 22,392
Gender : Male Premium Paying Term : 10 years
Policy Term : 21 years Plan Option : Option A
Sum Assured : `2,50,000 Payout Frequency : Biannual

Policy year end

Annualized premiums paid to date

Death Benefit

Assured Payout

Death Benefit
at 4% p.a. At 8% p.a.

Maturity Benefit
at 4% p.a. At 8% p.a.

1

22,392

2,50,000

-

2,50,000

2,50,000

-

-

2

44,785

2,50,000

-

2,50,000

2,50,000

-

-

3

67,177

2,50,000

-

2,50,000

2,50,000

-

-

4

89,570

2,50,000

-

2,50,000

2,50,000

-

-

5

1,11,962

2,50,000

-

2,50,000

2,50,000

-

-

6

1,34,355

2,50,000

-

2,50,000

2,50,000

-

-

7

1,56,747

2,50,000

-

2,50,000

2,50,000

-

-

8

1,79,140

2,50,000

-

2,50,000

2,50,000

-

-

9

2,01,532

2,50,000

-

2,50,000

2,50,000

-

-

10

2,23,925

2,50,000

-

2,50,000

2,50,000

-

-

11

2,23,925

2,50,000

-

2,50,000

2,50,000

-

-

12

2,23,925

2,50,000

-

2,50,000

2,50,000

-

-

13

2,23,925

2,50,000

-

2,50,000

2,50,000

-

-

14

2,23,925

2,50,000

-

2,50,000

2,50,000

-

-

15

2,23,925

2,50,000

50,000

2,50,000

2,50,000

-

-

16

2,23,925

2,50,000

-

2,50,000

2,50,000

-

-

17

2,23,925

2,50,000

50,000

2,50,000

2,50,000

-

-

18

2,23,925

2,50,000

-

2,50,000

2,50,000

-

-

19

2,23,925

2,50,000

75,000

2,50,000

2,50,000

-

-

20

2,23,925

2,50,000

-

2,50,000

2,50,000

-

-

21

2,23,925

2,50,000

75,000

2,50,000

2,50,000

42,000

2,41,500



Premiums exclude underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any, and Goods and Service tax. This is not a Benefit Illustration. Please visit our website or ask your financial advisor for the complete benefit illustration for your policy.

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Suicide Exclusion

We will pay the total premiums paid till date or surrender value available on the date of death, if higher in the event the life insured dies due to suicide, within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as may be applicable provided the policy is in force.

How to Claim Online?

3 quick, everything online

  • Fill basic details
  • Claim intimation
  • Document submission

Faqs

Starting early with this child insurance plan will secure the future of your child early on. This plan provides a long horizon to invest, helping you to periodically build wealth and will give you a corpus at each of your child’s milestones.
Like some of the best child plans, this plan provides tax benefits2 under section 80C and 10(10D) of the Income Tax Act, 1961.
You can calculate your premium based on the age and life cover you wish to take through a premium calculator.
You can buy this child plan online as well as offline.
Yes, this child insurance plan covers death benefit. In case of your unfortunate demise during the policy term, a pre-determined death benefit will be paid to your nominee. The policy will stand terminated once the death benefit is paid.
No, your premiums will not increase as per the age.
This plan offers the option to pay your premiums Annually, Semi-annually, Quarterly & Monthly. You also get a premium discount on high sum assured and a premium rebate on annual and semi-annual mode of payment.
ABSLI declares simple bonuses regularly at the end of each financial year and those will be accrued in the policy on its policy anniversary, surrender or on death. Bonuses once attached to the policy are payable along with the interim bonuses, as applicable on death, surrender or survival. In case of surrender, the surrender value of the attached bonuses will be payable. The regular bonus rate declared by the company may vary from year to year and will depend on the actual experience regarding various factors and the prevailing economic conditions. Future bonuses are however not guaranteed and will depend upon the future profits of the participating business.
As the name suggests, terminal bonus is added only on the maturity of the policy or on death based on actual experience and prevailing economic conditions. It is a one-time bonus that the insurer may declare for policyholders who have run the policy till its original term.
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  • Disclaimer

    1 ABSLI Vision Star Plan, age 30 years, male, sum assured Rs.50 lakhs, premium: Rs.934788- (including GST) premium paying term 5 years, pay frequency: annual, Assured Payout Option: Policy option B, policy term:14 years, death benefit: Rs.92,22,000 lakhs, Bonus Type: Simple Reversionary.
    2Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
    This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional participating life insurance plan. All terms & 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. 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 on this page. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. The insurance cover for the life insured (including minors) will commence on the policy issue date. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true.
    ADV/1/23-24/3238