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ABSLI Vision LifeSecure Plan
A traditional participating whole life insurance plan

Today you are young and you don't have as many responsibilities. Even then you don't know where the money goes as your desires are increasing and you want to lead a good lifestyle and fulfil your desires. But, tomorrow as your responsibilities and life's uncertainties increase, you and your family should not have to sacrifice this lifestyle that you are enjoying today. So, if you start saving small amounts in a disciplined manner today, not only will you accumulate enough tax-free savings for a secure future but also protect yourself from life's uncertainties.

(Under Section 80C and Section 10(10D) of the Income Tax Act, 1961)

How to apply?

  • STEP 1: Choose the Sum Assured
  • STEP 2: Choose the policy term

For ease of reference, the Sum Assured is banded as follows:

Sum Assured Band Band 1 Band 2 Band 3 Band 4
Sum Assured (Rs.) 2,00,000 to 3,99,999 4,00,000 to 5,99,999 6,00,000 to 7,99,999 8,00,000+

Key Advantages

Growth in your savings
Enhance your savings by regular bonuses throughout the policy term starting from the first policy year

Safety of your loved ones
Comprehensive financial protection to you and your family up to age 100

In the event the life insured survives till the end of the policy term, the policyholder shall be paid Sum Assured, plus accrued regular bonuses, plus Terminal Bonus (if any). The policy continues even after the Maturity Benefit is paid.

In the unfortunate event of death of the life insured during the policy term, the nominee shall receive the Guaranteed Death Benefit; plus accrued regular bonuses as on date of death; plus Terminal Bonus, (if any). 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 GST, if any) shall be payable as the Death Benefit. In case of death during this period or survival to the age of 100 years, if earlier, the Guaranteed Death Benefit1 shall be payable. Guaranteed Death Benefit is the Sum Assured or 10 times the annual premium payable, whichever is higher. If the life insured is different from the policyholder, we shall pay the above death benefit to the policyholder and the policy shall be terminated once the death benefit is paid.

1Subject to a minimum of 105% of total premiums paid to date (excluding GST, any applicable rider, and underwriting extras, if any)

For added protection, you can enhance your insurance coverage during the policy term by adding the 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)
  • ABSLI Hospital Care Rider (UIN: 109B016V03)
  • ABSLI Waiver of Premium Rider (UIN: 109B017V02)
  • ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V01)

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

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

As per extant tax laws, this plan offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961(1) subject to fulfilment of the other conditions of the respective sections prescribed therein.

(1)Tax benefits are subject to changes in tax laws. Please consult your tax advisor for more details.

For more details on the above mentioned benefits, please refer to the product brochure.

Entry Age (age last birthday) 30 days* – 60 years
Policy Term 15 to 35 years
Minimum Attained Age at end of Premium Paying Term is 18 or more
Maximum Attained Age at end of Premium Paying Term is 75 or less
Premium Paying Term Regular pay
Minimum Sum Assured Rs.2,00,000
Minimum Premium Rs.12,000 p.a.
Premium Frequency Annual, Semi-annual, Quarterly, Monthly

*Risk commences from the first policy anniversary

Checkout other endowment policies by Aditya Birla Sun Life Insurance

Please click here to Download product brochure
Please click here to download policy contract
Please click here for Latest Bonus Rates

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional participating whole life insurance plan. All terms and 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. 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. For more 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 - 400 013. IRDAI reg no.109 CIN: U99999MH2000PLC128110 ADV/3/17-18/2010 VER1/MAR/2018

UIN: 109N087V03