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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
ABSLI Guaranteed Milestone Plan
Protecting your Life Goals Now Comes With A Guarantee
Guaranteed# Additions that boost your corpus
Option to cover your spouse in the same policy
Give ₹15,000/year for 6 years
Get ₹1,21,248 as maturity benefit1
Why Buy ABSLI Guaranteed Milestone Plan?
Guaranteed Benefits: Fully guaranteed# benefits on death or maturity.
Guaranteed Additions: Guaranteed# Additions that boosts your corpus year on year.
Joint Life Cover Option: Flexibility to cover your spouse also by choosing Joint Life Protection by paying an additional premium.
Rider Options: Flexibility to enhance your insurance cover with appropriate rider2 options by paying an additional premium.
Benefits Of ABSLI Guaranteed Milestone Plan
ABSLI Guaranteed Milestone Plan Provides You With Guaranteed# Additions To Boost Your Corpus
Death Benefit
For Single life
In case of the unfortunate demise of the life insured during the policy term, the Sum Assured
Maturity Benefit
In the event the life insured survives to the end of the policy term, we shall pay to you
ABSLI Guaranteed Milestone Plan With Riders
|
Entry Age (age last birthday) |
30 days* - 60 years |
|
Policy Term |
12, 14, 16, 18, 20, 22, 24 & 26 years |
|
Premium Paying Term |
6 years for policy term of 12/14 8 years for policy term of 16/18 10 years for policy term of 20/22 12 years for policy term of 24/26 |
|
Minimum Maturity Age |
18 years |
|
Minimum Premium |
Rs. 15,000 |
|
Sum Assured |
15 X Annualized Premium |
|
Minimum Sum Assured |
Rs. 2,25,000 |
|
Minimum Sum Assured on maturity |
Rs. 90,000 |
|
Premium Mode |
Annual, Semi Annual, Quarterly and Monthly |
How To Initiate Claim?
3 quick steps, everything online.
Frequently Asked Questions
Know more about ABSLI Guaranteed Milestone Plan in detail here:
Below are some of the important features of this plan:
- Fully guaranteed# benefits on death or maturity
- Sum Assured is 15X of the Annualized Premium
- Guaranteed# Additions that boost your corpus year on year
- Cover your spouse by choosing Joint Life Protection by paying an additional premium
- Enhance your insurance cover with appropriate rider options by paying an additional premium
- Tax Benefits3 under Section 80C, 80D & Section 10(10D)** of the Income Tax Act, 1961
Any person under 60 years of age, interested in building a corpus for the non-negotiable goals of life should buy the ABSLI Guaranteed Milestone Plan.
You may be entitled to certain applicable tax benefits on the premiums paid and benefits received under Your Policy. Please note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. It is advisable to seek an independent tax advice.
Below are the scenarios of death benefit under this policy:
For single life policies, 100% of the sum assured will be given out in 10 equal annual instalments as death benefit, in case life insured dies during the policy term.
For joint life policies, 20% of the primary life sum assured will be given out as death benefit, in case the secondary life insured dies during the policy term, while primary life insured is alive. In case the primary life insured dies while the secondary life insured is still alive, 100% sum assured will be paid in 10 equal annual instalments and all future premiums will be waived off.
Other Insurance Plans
ABSLI Assured Income Plus
Aditya Birla Sun Life Insurance Assured Income Plus provides the benefit of life insurance cover during the Policy Term and guaranteed income for 20, 25 or 30 years to ensure fulfilment of your family’s long term goals and aspirations.
ABSLI Vision LifeIncome Plan
ABSLI Vision LifeIncome Plan is a traditional participating whole life insurance plan which offers a perfect blend of regular income and financial protection for your family in your absence.
# Provided all premiums are paid
** Sec 10(10D) benefit is available subject to fulfilment of conditions specified therein
1 Healthy male, age 21, premium payment term 6 years, premium of Rs.15000/- for 6 years, maturity benefit of Rs.1,21,248/- at the end of policy term of 12 years, a life cover of Rs.2.25 lakhs.
2 For more details regarding this benefit, refer to the brochure.
3 Tax laws are subject to changes in tax laws. You are advised to consult your tax advisor for the same.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating traditional insurance plan. All terms & conditions are guaranteed throughout the policy term. 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 sub-standard lives, smokers or people having hazardous occupations etc. The insurance cover for the life insured (including minors) will commence on the policy issue date.
UIN: 109N106V13
ADV/10/24-25/2008
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