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ABSLI Vision Endowment Plus Plan
A traditional participating life insurance plan

In life, when we face so much uncertainty around us, there's nothing more reassuring than knowing that not only is your money safe, but also that you will receive more than what you have invested. With the return of premium along with accrued bonuses on maturity and protecting your family's financial security, this plan offers you the best of both worlds.

Hence, by investing in Aditya Birla Sun Life Insurance Vision Endowment Plus Plan, your investment can go a long way in building safe and financially sound future for your family, today as well as in the years to come.

How does the plan work?

  • STEP 1: Choose your sum assured
  • STEP 2: Choose your premium paying term
  • STEP 3: Choose your premium paying term and policy term
  • STEP 4: Choose the Death Benefit Option

Your premium will depend on the amount of the Sum Assured you select.

Please refer to the product brochure for details.

In the unfortunate event of the death of the life insured during the policy term, the death benefit payable to the nominee shall be

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

Option A - Sum Assured on Death is maximum of Sum Assured or 10 times the Annualized premium payable.

Option B - Sum Assured on Death is maximum of 150% of Sum Assured or 10 times the Annualized premium payable.

The death benefit will be subject to minimum of 105% of Total Premiums Paid up to date of death. Where,

Annualized premium shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.

Total Premiums paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

In case where the death of the Life Insured takes place prior to the risk commencement date, only the basic premiums paid to date (excluding taxes, if any) shall be payable as the Death Benefit.

In case of death of the life insured, if the life insured is different from the policyholder, the policyholder will receive the death benefit. 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 on maturity(1); plus
  • Accrued bonuses till date; plus
  • Terminal bonus (if any)

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

(1)Where Sum Assured on maturity is equal to Total premiums 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)

Please refer to detailed brochures on riders, consult your financial advisor or visit our website for further details.

For details on the above mentioned benefits, please refer to product brochure before concluding the sale.

Entry Age (age last birthday) 30 days* – 60 years
(subject to maximum maturity age of 70 years)
Policy Term 10 – 40 years
Premium Paying Term 7, 10, 15, 20 years, Regular Pay
Minimum Sum Assured Rs.1,00,000
Minimum Premium Rs.2,495 p.a.
Premium Frequency Annual, Semi-annual, Quarterly & Monthly

*Risk commences when the life insured attains age 1

Ketan is a healthy male aged 35 years. He wants to secure his family’s financial future with an investment solution that also offers returns on his investment. He chooses to secure his life for a 20 year term with the ABSLI Vision Endowment Plus Plan. He chooses a sum assured of Rs. 2,50,000 and premium paying term for 10 years. For this plan, he has a choice of selecting Death Benefit options best suited for his family. Based on his life stage & death benefit option A, his premium per year is set at Rs. 17,509 (without GST). He can expect Rs. 4,05,085 as the total Maturity Benefit at the end of a 20 year term at 8%(1) p.a. or Rs. 222,585 at 4%(1) p.a. In case an eventuality occurs in 15th year, his family will get Death benefit of Rs. 4,22,500 at 8%(1) p.a. or Rs. 2,85,625 at 4%(1) p.a.

If he chooses the Death Benefit Option B, the premium he has to pay is Rs. 18,131 without GST. The total Maturity Benefit is Rs. 411,308 at the end of a 20 year term at 8%(1) p.a. or Rs. 228,808 at 4%(1) p.a. In case an eventuality occurs in 15th year, his family will get Death benefit of Rs. 5,47,500 at 8%(1) pa or Rs. 4,10,625 at 4%(1) p.a.

Note(1): Illustration is assuming 8% and 4% return and in option A as mentioned above.These assumed rates of return shown in the illustration above 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 investment performance.

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 for Latest Bonus Rates
Please click here to calculate premium
Disclaimer

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional participating 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. The insurance cover for the life insured (including minors) will commence on the policy issue date. For details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. 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 - 400013. IRDAI reg no.109 CIN: U99999MH2000PLC128110 ADV/11/19-20/1293 VER1/NOV/2019

UIN: 109N092V04