ABSLI Income Assured Plan
A traditional non-participating life insurance plan
You diligently chalk out plans and work hard in life to give your near
and dear one's a financially secure future. But, uncertainties can
always put you on the back foot. To fulfil the rising needs of life at
various stages what you need is a product that guarantees returns,
no matter the situation. So, when you get closer to realising your
dreams/aspirations, an extra stream of income will always be there
to help realise those dreams. Aditya Birla Sun Life Insurance Income
Assured Plan, helps you plan your future better by creating a corpus
in the long run that helps you realise your dreams and various
At inception, you need to choose the Sum Assured and your premium will depend on the amount
of the Sum Assured you select. For easy reference, your Sum Assured is banded as follows:
|Sum Assured Band
|Sum Assured (Rs.)
||1,00,000 to 1,99,999
||2,00,000 to 3,99,999
In the event the life insured survives to the end of premium
paying term, we shall pay to you Assured Income every month
till the end of the policy term at the rate of 8.0% of Sum
Assured per annum. You can opt at inception to receive the
Assured Income in either of the following ways:
Option A: Receive Assured Income on monthly basis till the end of the policy term.
In case of Option A, if the monthly Assured Income is less than Rs. 500, you will be paid
the Assured Income on annual basis; or
Option B: Accrue the Assured Income to receive it as a lump sum at the end of the
policy term or on earlier death. The accrued Assured Income till date, payable on
death or maturity will be increased to following percentage:-
||% of Accrued Assured Income
|15, 17, 20
Guaranteed Additions will be added to your policy at the beginning
of each quarter aﬅer the completion of the premium payment term,
until policy maturity date. The quarterly Guaranteed Addition rate
will be 1/4th of the per annum rate.
In the unfortunate event of death of the life insured during the
policy term, the death benefit payable to the nominee shall be
- Sum Assured(1) on death; plus
- Guaranteed Additions accrued to date of death;
In addition we will also pay the increased accrued Assured Income if opted for.
(1)Please refer the brochure for terms and conditions regarding this benefit.
If the life insured is different from the policyholder, we shall pay the above death benefit to the policyholder.
The policy shall be terminated once the death benefit is paid.
In the event the life insured survives to the end of the policy term,
we shall pay to you
- Sum Assured; plus
- Guaranteed Additions accrued to date
In addition we will also pay the increased accrued Assured Income
if opted for.
The policy shall be terminated once the maturity benefit is paid.
For added protection, you can enhance your insurance coverage
during the policy term by adding following riders for a nominal
- ABSLI Accidental Death and Disability Rider (UIN: 109B018V03)
- ABSLI Critical Illness Rider (UIN: 109B019V03)
- ABSLI Surgical Care Rider (UIN: 109B015V03)
- AABSLI Hospital Care Rider (UIN: 109B016V03)
- ABSLI Waiver of Premium (UIN: 109C017V03)
- ABSLI Accidental Death Benefit Rider Plus (UIN:109C023V02)
You can only opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Death Benefit Rider Plus
Please refer to detailed brochures on rider, consult your financial advisor or visit our website
for further details.
|Entry Age (Age at last birthday)
||8– 60 years (subject to max attained age 75 at
end of policy term)
|Premium Paying Term (PPT)
||5 years for 15 year policy term
7 years for 17, 22 year policy term
10 years for 20, 25 years policy term
||Attained age at the end of Policy Term must be
18 years or more
||Attained age at the end of Policy term must be
75 years or less
|Minimum Sum Assured
||Annual, Semi-annual, Quarterly, Monthly
View other endowment policies from Aditya Birla Sun Life Insurance
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional non participating savings plan. All terms and 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. The insurance cover for the life insured will commence on the policy issue date.
For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding the sales.
Tax benefits are subject to changes in the tax laws. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life
Insurance Company Limited) Registered Office: One Indiabulls Centre,Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati
Bapat Marg, Elphinstone Road, Mumbai - 400 013. IRDAI reg no.109 CIN: U99999MH2000PLC128110 ADV/11/19-20/1270 VER1/NOV/2019