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ABSLI Jeevan Bachat Plan
A non-linked non – participating life insurance plan

Small savings build up to create bigger corpus for tomorrow. Aditya Birla Sun Life Insurance Jeevan Bachat Plan boosts your savings by offering guaranteed returns and life cover 10 times of your premium along with tax benefits. So, start saving for a brighter future right away.

In case of the unfortunate demise of the life insured during the policy term, the Death Benefit will be paid to the nominee. The Death benefit is Sum Assured on Death plus Guaranteed Additions accrued till the date of death. The policy shall be terminated once the Death Benefit is paid.

For definition on sum assured on death, please refer product brochure.

If the Life Insured is aged at least 18 years (Age last birthday) at the time of death and dies as a result of an accident during the Policy Term then in addition to the Death Benefit defined above, an Accidental Death Benefit equal to Sum Assured on Death will be payable.

In the event of death of the Life Insured before attaining 18 years of age, no Accidental Death Benefit will be payable.

In the event the life insured survives to the end of the policy term, we shall pay to you the Maturity Sum Assured plus the Guaranteed Additions accrued till maturity.

Maturity Sum Assured is the guaranteed sum assured on maturity and is equal to the Total Premiums Paid.

For limited pay and single pay policies the Guaranteed Additions per 1000 of Maturity Sum Assured will accrue on monthly basis to the policy on each policy month end, after the completion of the premium paying term till the maturity date and shall be payable in event of death of the life insured after the premium paying term or policy maturity whichever is earlier. For Single and limited pay policies, Guaranteed additions will not be applicable in the event of death of the life insured during the premium paying term. For Regular pay policies the Guaranteed Additions per 1,000 of Maturity Sum Assured accrue at the end of each policy month from the 8th policy year, until the policy maturity. Guaranteed Additions per annum shall be determined based on the guaranteed addition rate and the maturity sum assured. Please ask your financial advisor for an illustration of the Guaranteed Additions applicable to your policy.

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. Under Reduced Paid-Up, Sum Assured, Sum Assured on Death and Maturity Sum Assured shall be reduced in proportion to the premiums actually paid to the total premiums payable during the policy term. Guaranteed Additions shall accrue on the reduced maturity sum assured.

Once the policy has become Reduced Paid-Up, the benefits payable in “Your Benefits” section are amended as follows:

Death Benefit - In the unfortunate event of the death of the life insured during the policy term, we shall pay the reduced Sum Assured on Death plus Guaranteed Additions accrued to date of death to the nominee.

Maturity Benefit - On maturity date, you shall receive the reduced Maturity Sum Assured plus Guaranteed Additions accrued.

Entry Age (age last birthday)
1 - 55 years
Premium Paying Term
  • Single Pay
  • Limited Pay - 6 | 9 | 12 years
  • Regular Pay - 10 | 15 years
Policy Term
  • For Single Pay & 6 Pay: 10 | 15 | 20 years
  • For 9 & 12 Pay: 15 | 20 years
  • For Regular Pay: 10 | 15 years
Maturity Age
  • Minimum - 18 years
  • Maximum - 65 years
  • For Single Pay: Min: 20,000 | Max: 1,00,000
  • For Limited & Regular Pay :Min: 5,000 | Max: 1,00,000
Sum Assured
  • Minimum: Single Pay: Rs. 25,000 | Limited & Regular Pay: Rs.50,000
  • Maximum: Rs.10,00,000
Premium Mode
Single, Annual, Semi-annual, Quarterly, Monthly

(Monthly modes allowed through automated modes of payment i.e. ECS/Direct debit, Credit Card Offline etc)

Know everything about endowment policy

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


This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non-participating 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. The insurance cover for the life insured (including minors) 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 sale. 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. 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 - 400013. Call Centre: 1-800-270-7000 IRDAI reg no.109 CIN: U99999MH2000PLC128110 ADV/2/19-20/1711 VER2/FEB/2020

UIN: 109N107V03