1800-270-7000
Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
ABSLI SecurePlus Plan
Protecting and Prioritizing your family`s short-term goals with flexibility.
Guaranteed Income2
Loyalty Additions
Give ₹50 K/year for 12 years
Get ₹1.90 lakh/year for 6 years³
Why Buy ABSLI SecurePlus Plan?
Guaranteed² Income: Get regular flow of guaranteed² income for your chosen Benefit Payout Period to safeguard your savings.
Loyalty Additions: Loyalty Additions as an additional boost to your Income Benefit pay-out.
Commutation Option: Flexibility to receive a discounted value of future survival benefits as a lump sum based on your needs.
Customizable Benefits: Option to enhance your insurance cover through riders, which are available at a nominal extra cost.
Benefits Of ABSLI SecurePlus Plan
ABSLI Assured Income Plus benefits you with guaranteed2 regular income for the long term in future.
Tax Benefit
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.
Death Benefit
In case of death of the Life Insured anytime during the Policy Term, provided the Policy is in-force and not under Lapsed or Reduced Paid Up mode, We will pay the “Sum Assured on Death” to Your nominee/beneficiary:
Enhance ABSLI SecurePlus Plan with Riders
Enhance your cover with Riders at nominal additional premium.
ABSLI Accidental Death Benefit Rider Plus
(UIN: 109B023V02)
This rider provides 100% of Rider Sum Assured as an additional lump sum amount in case of death due to accident of Life Insured. Additionally, the rider premiums collected aſter the date of Accident till date of death, shall be refunded with interest, along with death benefit payable. This rider is only applicable for a Life Insured aged 18 years & above and the rider policy term cannot exceed the base policy term.
For more detail, read the product brochure.
Download Brochure
ABSLI Critical Illness Rider
(UIN: 109B019V03)
This rider provides lump sum on survival of 30 days from the date of diagnosis of any of the specified critical illnesses. This rider is only applicable for a Life Insured aged 18 years and above and the rider policy term cannot exceed the base policy term.
For more detail, read the product brochure.
How Does ABSLI SecurePlus Plan Work?
Use Case 1
Use Case 2
He chooses to receive his Income Benefit annually. His Sum Assured is Rs 12,50,000.
Mr. Sharma survives through the Policy Term and receives Income Benefits throughout the Benefit Payout Period.
He opts for 12 years Premium Payment Term with 13 years Policy Term and 12 years of Benefit Payout Period.
Mr. Sharma aged 35 years invested ₹1,00,000 per annum in ABSLI SecurePlus Plan
Want Guaranteed Income Benefits To Secure Your Future?
Buy ABSLI SecurePlus Plan Now.
|
Product Specifications | ||||||||||||||||
|
Type of Plan |
A Non-Linked Non-Participating Individual Savings Life Insurance Plan | |||||||||||||||
|
Coverage |
All Individuals (Male | Female | Transgender) | |||||||||||||||
|
Age of the Life Insured at Entry (age as on last birthday) |
Minimum |
1* year * 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. | ||||||||||||||
|
Maximum |
60 years | |||||||||||||||
|
Maturity Age of the Life Insured (age as on last birthday) |
Minimum |
18 years | ||||||||||||||
|
Maximum |
77 years | |||||||||||||||
|
Premium Payment Term (PPT), Policy Term (PT) and Benefit Payout Period |
Note:-
| |||||||||||||||
|
Premium Payment Frequency and Modal Factors |
Annual | Semi-Annual | Quarterly | Monthly
| |||||||||||||||
|
Minimum Annualized Premium |
Rs. 50,000 | |||||||||||||||
|
Maximum Annualized Premium |
No Limit (subject to Board Approved Underwriting Policy) | |||||||||||||||
|
Minimum Sum Assured |
Rs 3,50,000 | |||||||||||||||
|
Maximum Sum Assured |
No Limit (subject to Board Approved Underwriting Policy) | |||||||||||||||
|
Premium bands |
The benefits under this product vary by premium bands as mentioned below:
| |||||||||||||||
How To Initiate Claim?
3 quick steps, everything online.
SecurePlus Plan FAQs
Know more about ABSLI SecurePlus Plan in detail here:
Key features of ABSLI SecurePlus Plan are:
- Guaranteed² Income: Regular flow of guaranteed² income for the chosen Benefit Payout Period to safeguard savings.
- Loyalty Additions: Loyalty Additions as an additional boost to the Income Benefit pay-out.
- Commutation Option: Flexibility to receive a discounted value of future survival benefits as a lump sum based on ones needs.
- Customizable Benefits: Option to enhance the insurance cover through riders, which are available at a nominal extra cost.-
Anyone meeting the following criteria is eligible for ABSLI SecurePlus Plan:
- Age at entry: 1 to 60 years (age last birthday)
ABSLI SecurePlus Plan has a maximum maturity age of 77 years.
The minimum Sum Assured is Rs. 3,50,000. There is no limit on the maximum Sum Assured, however it is subject to the Board Approved Underwriting Policy.
The Premium Payment Term, Policy Term & Benefit Payout Period applicable is as follows:
|
Premium Payment Term (PPT) |
Policy Term (PT) |
Benefit Payout Period |
|
6 years |
6, 7, 8, 9, 10, 11 years |
6, 8, 10, 12 years |
|
8 years |
8, 9, 10, 11, 12, 13 years |
6, 8, 10, 12 years |
|
10 years |
10, 11, 12, 13, 14, 15 years |
6, 8, 10, 12 years |
|
12 years |
12, 13, 14, 15, 16, 17 years |
6, 8, 10, 12 years |
Yes, the customer/policyholder can opt to receive the Benefit Payout Frequency in Annual or Semi-Annual or Quarterly or Monthly instalments.
The minimum annualized premium is Rs. 50,000 for all PPTs.
The premium amount chosen will be payable every year for the premium paying term.
No, Loyalty Addition is applicable only for policies that have paid all the due premiums under the policy.
As per extant tax laws, this plan offers tax benefits under Section 80C, 80D (for specific rider premium) and Section 10(10D) of the Income Tax Act, 1961. 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 policyholder. It is advisable to seek an independent tax advice.
There are exclusions attached to the riders. Please refer rider brochure for more details.
Yes, provided there is no non-disclosure on the COVID Q. Please ensure that the COVID questionnaire is filled.
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.
¹Tax benefits are subject to changes in the tax laws. You are advised to consult your tax advisor for the same.
²Provided all due premiums are paid
³ABSLI SecurePlus Plan, Healthy male age: 21 years. Premium Payment Term 12 years, Annual Premium Rs.50,000/-,policy term 15 years, Payment Frequency: Annually, benefit payout period: 6 years, Get Income Benefit of Rs.1,27,300/- +Loyalty Additions of Rs.63,650= Regular Income of Rs.1,90,950 p.a for 6 years.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non-participating individual savings life insurance plan. All terms & conditions are guaranteed throughout the policy term. GST 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.
UIN: 109N102V12
ADV/10/24-25/2009
Get Guaranteed Returns After a Month^
Unlock the Power of Smart Investment!
