
ABSLI Assured Income Plus



Give ₹10000/month for 12 years and Get Guaranteed Benefit of ₹47.16 lakhs1
Why buy ABSLI Assured Income Plus?
Benefits of ABSLI Assured Income Plus
ABSLI Assured Income Plus benefits you with guaranteed regular income for the long term in future.


a) 10 times of Annualised Premium
b) 150% of Total Premiums paid till the date of death
c) Sum Assured
Option to receive the amount of death benefit in Annual/Monthly Instalments.
Plan Options
ABSLI Assured Income Plus offers the flexibility to choose from two plan options.

Enhance ABSLI Assured Income Plus with Riders
Enhance your cover with Riders at nominal additional premium





Type of Plan |
Non-linked non participating individual life insurance savings plan. |
Coverage |
All Individuals |
Premium Payment Term (PPT), Policy Term (PT) and Benefit Payout Period
Premium Payment Term (PPT) |
Policy Term (PT): PPT + 1 year |
Benefit Payout Period# |
6 years |
7 years |
20, 25, 30 years |
8 years |
9 years |
20, 25, 30 years |
12 years |
13 years |
20, 25 years |
#The Benefit Payout Period commences after the end of the Policy Term, during which the Survival Benefit is payable to the Policyholder. It is chosen at policy inception and cannot be changed thereafter.
Premium Payment Modes and Modal Factors
Annual | Semi-Annual | Quarterly | Monthly
Mode |
Annual |
Semi-annual |
Quarterly |
Monthly |
Modal Factors |
0.0% |
1.0% |
1.5% |
3.5% |
Premium and Sum Assured Limits
Minimum Annualized Premium |
Rs.50,000 |
Maximum Annualized Premium |
No limit (subject to board approval) |
Minimum Sum Assured |
Rs.5,50,000 |
Particulars |
Minimum |
Maximum |
Age of the Life Insured at the Entry |
|
60 years |
Maturity Age of the Life Insured |
18 years |
73 years |
^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 Date of Commencement of Risk.
Benefit Payout Frequency
Annual| Semi-Annual | Quarterly |Monthly|
How does ABSLI Assured Income Plus Work?
Learn with an example. Lead by an example.

Satisfied with Guaranteed Income Benefits?
What’s not Covered?
In case of death due to suicide within 12 months from the date of commencement of the risk or from the date of revival of the policy, as applicable, the nominee(s)/ Legal heir(s) or the beneficiary of the Policyholder shall be entitled to receive the total premiums paid till date of death or surrender value available on the date of death, whichever is higher, provided the policy is in-force.
How to initiate Claim?
3 quick steps, everything online.
- Fill
basic details - Claim
intimation - Document submission
Frequently Asked Questions
Know more about Assured Income Plus in detail here:
The sum assured in this case will be = ₹13.91 lakhs.
The premium amount you pay in 12 years = ₹1,20,000 (annual) x 12 = ₹14.40 lakhs.
Total amount you get by age 73 = ₹47.16 lakhs
- Visiting any nearest branch
- Visiting our website and intimate the claim by clicking the link here.
- Sending an intimation email (claims.lifeinsurance@adityabirlacapital.com) or letter with all the relevant documents to the company.
- Guaranteed Returns: Full guaranteed benefits offering complete financial security
- Long-Term Income: Regular Income paid for 20, 25 or 30 years to ensure fulfilment of your recurring needs in the long term
- Two Benefit Options: Flexibility to choose from Two Benefit Options: Income only Benefit or Income Benefit with Return of Premium (RoP)
- Loyalty Additions: Loyalty Additions added as an additional boost to your Income Benefits each year and Return of Premium, if any.
- Customizable Benefits: Option to enhance your insurance with appropriate rider options by paying an additional premium
Age at entry is dependent on Premium Paying Term chosen and is defined as follows:
- 11 years to 60 years for Premium Payment Term of 6 years
- 9 years to 60 years for Premium Payment Term of 7 years
- 5 years to 60 years for Premium Payment Term of 12 years
- Where the Policy has acquired the Surrender Value, higher of Surrender Value or (Total Premiums paid plus underwriting extra premiums paid plus loadings for modal premiums paid excluding applicable taxes) till date of death.
- Where the Policy hasn’t acquired the surrender value, Total Premiums paid plus underwriting extra premiums plus loadings for modal premiums paid excluding applicable taxes) till date of death.
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Disclaimer
* Life insurance coverage is available on this product.
1 Scenario: Healthy male age 21 years, premium paying term 12 years, policy term 13 years, benefit payout period 20 years, payment frequency monthly, Assured Benefit Option: Income Only Benefit with Return of Premium, Sum Assured Rs.16.12 lakhs, Premium Rs.9999/- excluding GST), you get Rs.47.16 lakhs by age 54
2 Provided all due premiums are paid.
3 Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
4 Our life insurance policies cover COVID -19 claims under life insurance claims, subject to applicable terms & conditions of policy contract and extant regulatory framework.
Free Look Period
You will have the right to return Your Policy to us within 15 days (30 days in case of electronic policies(1) and the policies issued under the provisions of IRDAI Guidelines on Distance Marketing(2) of Insurance products) from the date of receipt of the Policy, in case You are not satisfied with the terms & conditions of Your Policy. We will refund the premium paid once we receive Your written notice of cancellation (along with reasons thereof) together with the original Policy document. We may reduce the amount of the refund by proportionate risk premium for the period of cover and expenses incurred by us on medical examination and stamp duty charges while issuing Your Policy in accordance to IRDAI (Protection of Policyholders Interest) Regulations, 2017.
(1)In case of electronic issuance of policies, the date of receipt or date of credit of electronic policies shall be determined as below. For New Electronic Insurance Account (EIA): Date of receipt of the "Welcome Kit" from the Insurance Repository with the credentials to log into the EIA or delivery date of the E-Mail confirming credit of the Insurance Policy by the Insurance Repository into the EIA, whichever is later. For existing EIA: Delivery date of the E-Mail confirming credit of the Insurance Policy by the Insurance Repository into the EIA. (2) Distance Marketing includes every activity of solicitation (including lead generation) and sale of insurance products through voice mode, SMS electronic mode, physical mode (like postal mail) or any other means of communication other than in person. This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non-participating individual life insurance savings plan. 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 policies issued on minor life, the date of commencement of risk shall be the date of commencement of the policy. Where a policy is issued on a minor life, the policy will vest after attainment of majority of the Life Insured. Where the Life Insured (whether major or minor) and Proposer/Policyholder is different, on the death of the Proposer/Policyholder, his legal heirs, in accordance with the existing succession laws, will be considered as new Proposer/Policyholder. As there is no death benefit payable on the death of the Proposer/Policyholder, the policy status does not change, and the policy continues. This product shall also be available for sales through online channel. Tax benefits are subject to changes in 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.
UIN: 109N127V05 ADV/3/21-22/2414