All our branches will remain temporarily closed in light of COVID-19. For any query and Self-service related needs you can instantly send your request by accessing our digital channels. Use Chatbot - ABC Assist or Whatsapp (send "HI" to 88288 00040). Avail our online services. Write to care.lifeinsurance@adityabirlacapital.com Stay Home. Stay Safe.| Get an additional one month grace period on policy premium due in the month of March 2020|

Aditya Birla Sun Life Insurance Company Limited

ABSLI Savings Plan

A non-linked participating life insurance plan


From the assurance of providing quality education to taking your loved ones for a vacation, you work hard to fulfil every commitment towards your loved ones. To achieve every goal and secure your family's well-being you need to protect your savings from life’s uncertainties. The Aditya Birla Sun Life Insurance Savings Plan can help you achieve this by enabling you to save regularly and grow your savings steadily over time. Give your loved ones peace of mind and the promise of a secured financial future to meet their needs.

Key Features

  • Flexibility to choose the Sum Assured based on your protection and savings need
  • Flexibility to choose the policy term and the premium paying term
  • Additional Sum Assured payable in case of accidental death
  • Guaranteed Additions1 for the first 5 policy years
  • Tax Benefits3 under Section 80C, 80D & Section 10(10D) of the Income Tax Act 1961
  • Boost your savings by bonuses2 starting from the first policy year

1Provided all due premiums have been paid 2ABSLI 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. Bonuses once attached to the policy are guaranteed to be payable along with the interim bonus on death surrender or maturity. 3Tax benefits are subject to changes in tax laws. You are advised to consult your tax advisor for details.


Guaranteed Additions of 40 per thousand Sum Assured will be added to your policy at the end of each policy year during the first 5 years; provided all due premiums have been paid.

In the unfortunate event of the death of the life insured during the policy term, we shall pay the following death benefit4 to the nominee:

  • Guaranteed Death Benefit (Sum Assured on Death); plus
  • Accrued Guaranteed Additions; plus
  • Accrued regular bonuses as on date of death; plus
  • Terminal Bonus; if any

4Subject to minimum of 105% of Total Premiums paid to date.

Where, Total Premiums paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes. Guaranteed Death Benefit is higher of Sum Assured or 10 times the Annualized premium payable throughout the premium paying term.

In the event that the life insured survives till the end of the policy term, we shall pay the following:

  • Sum Assured, plus
  • Accrued regular bonuses, plus
  • Terminal Bonus if any
  • Accrued Guaranteed additions, plus

The policy shall be terminated once the maturity benefit is paid.

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

In case premiums for two policy years have been paid in full and you miss paying any subsequent premium, full death benefit shall continue for a period of two successive years (auto cover continuation period) from the due date of first unpaid premium even though the policy is in Reduced Paid-Up status.

Please refer to the product brochure for more details


Entry Age (age last birthday) 18 – 50 years
Policy Term 10, 15, 20 years
Premium Paying Term For policy term 10 years: Regular pay
For policy term 15 years: 10 years | Regular pay
For policy term 20 years: 10 years | 15 years | Regular pay
Minimum Sum Assured Rs.30,000
Maximum Sum Assured Rs.10,00,000
Premium Frequency Annual, Semi-annual, Quarterly or Monthly
(all modes except Annual allowed through ECS only)

The above values are illustrative and for a healthy male. Please note that the illustration is based on 4% or 8% rate of return. The rate of returns mentioned above are bound to change in future. These assumed rates of return shown in the illustration above are not guaranteed and they are not upper or lower limits of what you might get back, as value of your policy is dependent on number of factors including future investment performance.

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Disclaimer

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked participating life insurance endowment 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. 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 & conditions, please read the brochure carefully before concluding the sale. For precise terms & conditions please refer to the policy contract. Tax benefits are subject to changes in the 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 and clarification call your ABSLI Insurance Advisor or visit our website and see how we can help in making your dreams come true. Insurance is the subject matter of the solicitation. 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/2/19-20/1721 VER1/FEB/2020

UIN: 109N088V02

Toll free (Within India):

1800 270 7000

Outside India: :

+91 22 66917777

(Call charges apply)

Between 9 am to 9 pm, All 7 Days

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Mail on:

care.lifeinsurance@adityabirlacapital.com

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