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ABSLI Vision MoneyBack Plus Plan
A non-linked participating life insurance plan

Fulfill the dreams and aspirations of your family with the Aditya Birla Sun Life Insurance Vision MoneyBack Plus Plan. It is a plan, which provides you with regular income to meet your financial requirements along with adequate life cover against any unfortunate event.

Every 4th or 5th policy anniversary as selected during inception, you shall receive a survival benefit as a percentage of Sum Assured. These benefits will continue throughout the policy term as long as the life insured survives. The regular payouts are a predefined percentage of sum assured in the following options:


Premium Paying Term / Policy Term
Survival Benefit Year
10/20
12/24
4 th
10%
10%
8 th
15%
15%
12 th
20%
20%
16 th
25%
25%
20 th
30%
30%
24 th
-
35%

Premium Paying Term / Policy Term
Survival Benefit Year
10/20
12/25
5 th
15%
15%
10 th
20%
20%
15 th
25%
25%
20 th
40%
30%
25 th
-
45%

You can also defer the due Guaranteed Survival Benefit until the time the next Guaranteed Survival Benefit is due to be paid. The payout will happen only when the Guaranteed Survival Benefit is due to be paid.

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

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

Sum Assured on Death is the maximum of Sum Assured chosen at inception irrespective of any survival benefits paid or Sum Assured on Maturity or 10 times the Annualized premium payable.

The death benefit will be subject to minimum of 105% of Total Premiums paid to date.

In the event the life insured survives to the end of the policy term, we shall pay to you

  • Accrued bonuses till date; plus
  • Terminal bonus (if any)

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 riders for a nominal extra cost. Please refer to detailed brochures on rider information.

As per extant tax laws, this plan offers tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act, 1961. Please consult your tax advisor for details.

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

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

Entry Age (age last birthday) 13 – 45 years
Policy Term 20, 24, 25 years
Premium Paying Term 10 years for a 20 year policy term
12 years for a 24 or 25 year policy terms
Minimum Sum Assured Rs.1,00,000
Premium Frequency Annual, Semi-annual, Quarterly and Monthly

Know more about endowment policy

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

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional participating life insurance 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. 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 on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. 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 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. IRDAI Reg No. 109 www.adityabirlasunlifeinsurance.com CIN: U99999MH2000PLC128110 ADV/2/19-20/1890 VER2/FEB/2020

UIN: 109N093V04