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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 financial goals.

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 Band 1 Band 2 Band 3
Sum Assured (Rs.) 1,00,000 to 1,99,999 2,00,000 to 3,99,999 4,00,000 +

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:-

Policy Term % of Accrued Assured Income
15, 17, 20 130%
22,25 150%

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 extra cost.

  • 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
Minimum PPT Attained age at the end of Policy Term must be 18 years or more
Maximum PPT Attained age at the end of Policy term must be 75 years or less
Minimum Sum Assured Rs.1,00,000
Premium Frequency Annual, Semi-annual, Quarterly, Monthly

View other endowment policies from Aditya Birla Sun Life Insurance

Please click here to Download product brochure
Please click here to download policy contract
Please click here to download product presentation
Please click here to calculate premium
Disclaimer
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

UIN: 109N089V05