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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
ABSLI Anmol Akshaya
Grow wealth, secure family, and fund life’s biggest milestones - all in one plan.
Exclusive "HER" benefits for women
Policy Continuance Benefit
Extended Life Cover
Give ₹1lakh month for 10 years and
Get ₹27.01 lakhs @8% and ₹15.30 lakhs @4%#
Why Buy ABSLI Anmol Akshaya?
Key Features:
Flexibility to choose amongst two Plan Options i.e. My Savings and My Child.
Life cover throughout policy term along with a choice of Extended Life Cover (ELC).
Continuity of policy benefit with an option of Policy Continuance Benefit (PCB).
Exclusive benefits for women Life Insured through ‘HER’ Benefits.
Tax benefits as per the prevailing tax laws.
Benefits of ABLSI Anmol Akshaya
Maturity Benefit
Lumpsum benefit at maturity shall be paid which will be a sum of
Income Benefit
The Income Benefit shall be paid as per the chosen Income Payout option at inception; the income benefit will comprise of
Riders
ABSLI Accidental Death Benefit Rider Plus
UIN: 109B023V02
Provides 100% of Rider Sum Assured as an additional lump sum amount in case of death due to accident of Life Insured.
ABSLI Critical Illness Rider
UIN: 109B019V03
Provides lump sum on survival of 30 days from the date of diagnosis of any of the specified critical illnesses.
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Product Specifications | ||||||||||||||||
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Type of Plan |
A Non-Linked Participating Individual Savings Life Insurance Plan | |||||||||||||||
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Coverage |
All Individuals (Male | Female | Transgender) | |||||||||||||||
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Benefit Options |
At policy inception, You will have the option to choose from the below mentioned Benefit Options:
The Benefit Option once chosen cannot be changed thereafter. | |||||||||||||||
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Premium Payment Term (PPT) |
My Savings: 6 years | 7 years | 8 years | 10 years | 12 years | Regular Pay My Child: 6 years | 7 years | 8 years | 10 years | 12 years | |||||||||||||||
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Policy Term (PT) |
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Age of the Life Insured at Entry (age as on last birthday) |
Minimum |
30 days* (My Savings) 21 years* (My Child) | ||||||||||||||
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Maximum |
60 years* (My Savings) 55 years* (My Child) | |||||||||||||||
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Maturity Age of the Life Insured (age as on last birthday) |
Minimum |
My Savings:18 years My Child: 36 years | ||||||||||||||
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Maximum |
85 years | |||||||||||||||
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Minimum Annualized Premium |
Rs. 12,000 | |||||||||||||||
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Maximum Annualized Premium |
No Limit (subject to Board Approved Underwriting Policy) | |||||||||||||||
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Premium Payment Frequency and Frequency Loadings |
Annual | Semi-Annual | Quarterly | Monthly
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Minimum Sum Assured |
Rs. 84,000 | |||||||||||||||
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Maximum Sum Assured |
No Limit (subject to Board Approved Underwriting Policy) | |||||||||||||||
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Premium bands |
The benefits under this product vary by premium bands as mentioned below:
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* In case the Life Insured is a minor, the Policy will automatically vest once the life insured attains the age of majority. The risk coverage for the minors will start from the policy issue date.
For further information please refer the product brochure.
How Does ABSLI Anmol Akshaya Work?
Use Case 1
Use Case 2
Mr. Mohan, aged 35 years, invests in ABSLI Anmol Akshaya and chooses Benefit Option: ‘My Savings’.
Mr. Mohan paid the premium amount of ₹1,00,000 p.a. for a period of 10 years.
He will get a lumpsum maturity benefit after 20 years.
How To Initiate Claim?
3 quick steps, everything online.
1
Fill basic details
2
Claim intimation
3
Document submission
Frequently Asked Questions
Key features of ABSLI Akshaya Plan are:
- Flexibility to choose from 2 plan options
- My Savings: A smart way to build corpus for your future goals
- My Child: Build your child’s future with planned income for education needs
- Life cover throughout policy term along with a choice of Extended Life Cover (ELC)
- Continuity of policy benefit with an option of Policy Continuance Benefit (PCB)
- Exclusive benefits for women Life Insured through ‘HER’ Benefits
- Enhanced protection through optional Riders
- Tax benefits as per the prevailing tax laws
Anyone meeting the following criteria is eligible for ABSLI Anmol Akshaya: My Savings Option: 30 days to 60 years (age last birthday) My Child Option : 21years - 55years (age last birthday) For detailed information please refer the product brochure.
The maximum maturity age is 85 years.
The Optional benefits under My Savings plan option are:
- Extended Life Cover (ELC)
- Policy Continuance Benefit (PCB)
The minimum Sum Assured is Rs. 84,000. There is no limit on the maximum Sum Assured, however it is subject to the Board Approved Underwriting Policy.
* Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
# Scenario is for Age 35 , Premium Payment Term: 10 years, Policy Term: 20 years, Benefit Option: My Savings, Annual Premium Rs.1lakh p.a.
Assumed @8% p.a., Guaranteed Maturity Benefit (A) = Rs 11lakhs, Accrued Bonus (if declared) (B)= Rs 8,86,722, Terminal Bonus (If declared) (C) = Rs 7,15,000, Total Benefit (A+B+C) = Rs 27,01,722
Assumed @4% p.a., Guaranteed Maturity Benefit (A) = Rs 11lakhs, Accrued Bonus (if declared) (B)= Rs 1,77,303, Terminal Bonus (If declared) (C) = Rs 2,53,000, Total Benefit (A+B+C) = Rs 15,30,303
1Provided all due premiums are paid.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a Non-Linked Participating Individual Savings Life Insurance Plan. Premium will vary depending upon the Option chosen. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. All the benefits are payable subject to the terms and conditions of the Policy. In all the above scenarios, 4% p.a. and 8% p.a. are only assumed investment returns and are not guaranteed. Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable benefits then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return 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.
The risk factors of the bonuses projected under the product are not guaranteed. Past performance doesn't construe any indication of future bonuses. These products are subject to the overall performance of the insurer in terms of investments, management of expenses, mortality and lapses." 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 other terms and conditions, request your Agent Advisor or intermediaries for giving a detailed presentation of the product before concluding the sale. UIN: 109N183V01.
ADV/6/26-27/290
