ABSLI Vision LifeSecure Plan

PROTECTING your big smiles tomorrow is easier with smaller amounts today!

ABSLI Vision LifeSecure Plan provides long-term financial security for you and your family. With the flexibility to decide your policy term, you can enjoy life protection up to age 100 and steady growth to your savings over time.

Key Features

  • Complete financial security
  • Worry free goal achievement through Policy Continuance Benefit
  • Choose from 4 investment options
  • Death Benefit In case of your unfortunate demise during the policy period, a pre-determined death benefit will be paid to your nominee. The policy will stand terminated once the death benefit is paid.
  • Terminal illness benefit The policy comes with an inbuilt terminal illness cover. In case you’re diagnosed with a Terminal illness during the policy period, 50% of the applicable sum assured on death, subject to a maximum of Rs. 2.5 Crore will be paid immediately and the remaining future premiums on your policy will be waived off.
  • Waiver of premium In case you suffer with total or permanent disability during the policy term, all future premiums will be waived off. The death benefits under the policy will remain unaffected.
  • Return of Premium If you choose Plan Option 7 or 8, the sum total of all premiums paid by you shall be returned to you on policy maturity date in case you survive the policy period.
  • Joint life protection Under this option, two lives, i.e., you (primary life insured) and your spouse (secondary life insured) are covered under the same policy. The Sum Assured applicable for your spouse shall be equal to 50% of your applicable Sum Assured. You can opt for Joint Life Protection for only if Plan Option 1, 2, 3 or 4 is chosen. No rider can be opted under this option.
  • Enhanced life stage protection Your protection needs varies at different lifestages owing to occurrence of events like marriage and birth of children. You can choose to increase the coverage on occurrence of each of the events without undergoing any fresh medical examination.
  • Customisable benefits For added protection, ABSLI Life Shield Plan can be enhanced by following riders for a nominal extra cost:
    • ABSLI Accidental Death and Disability Rider
    • ABSLI Critical Illness Rider
    • ABSLI Surgical Care Rider
    • ABSLI Hospital Care Rider
    • ABSLI Accidental Death Benefit Rider Plus
    You can opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Death Benefit Rider Plus and not both.
  • Entry Age (age last birthday) 18 to 65 years
  • Maximum Maturity Age 80 years
  • Policy Term Minium
    • For Plan Option: 1 | 2 | 3 | 4 | 5 | 6 – 10 years
    • For Plan Option: 7 | 8 or 20 years
    • Maximum 50 years
  • Premium Paying Term Single Pay | Limited Pay – 6, 8 Years | Regular Pay
  • Premium Mode Annual | Semi-annual | Quarterly | Monthly
  • Sum Assured Minimum
    • Maximum Rs. 25,00,000
    • No Limit (subject to underwriting guidelines)

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Riders

  • ABSLI Waiver of Premium Rider (UIN: 109A039V01)

    All future premiums waived in case of permanent disability due to illness or accident, any of the specified critical illnesses or death.

  • ABSLI Critical Illness Rider (UIN : 109B019VO3)

    Get benefit amount as a lumpsum upon diagnosis of any of the 4 specified critical illnesses.

  • ABSLI Accidental Death Benefit Rider Plus (UIN: 109A024V01)

    Get additional protection for accident leading to death at a nominal cost.

  • ABSLI Accidental Death and Disability Rider (UIN: 109B018V03)

    Get additional protection for accident leading to death or disability at a nominal cost.

  • ABSLI Hospital Care Rider (UIN: 109B016V03)

    Get daily cash benefit, additional ICU benefit and lumpsum recuperating benefit upon hospitalization

  • ABSLI Surgical Care Rider (UIN: 109B015V03)

    Get lump sum benefit amount to cover surgical expenses

FAQs

  • What sum is assured on death?

    In the unfortunate event of death of the life insured during the policy term, the death benefit payable shall be

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

    Sum Assured on Death shall always be higher of Sum Assured or 10 times of Annualized Premium.

  • Can I change the premium mode?

    You need to choose your premium mode at policy inception and can’t be changed later.

  • What happens if I survive the policy term?

    In the event the life insured survives till the end of the policy term, the policyholder shall be paid Sum Assured, plus accrued regular bonuses, plus Terminal Bonus (if any). The policy continues even after the Maturity Benefit is paid.

  • What is so special about this plan?

    The key benefits of the ABSLI Vision LifeSecure Plan are – Dual benefits of endowment and whole life plan.

  • Why should I buy this policy?

    You should buy this policy for following benefits.

    • Comprehensive financial protection up to age 100
    • Regular bonuses starting from first year
    • Maturity benefit at end of policy term but life cover till age 100
    • Minimum entry age is 30 days
    • Tax Benefits1

    1Tax benefits are subject to changes in the tax laws. You are advised to consult your tax advisor for the same.

  • What are accrued bonuses?

    ABSLI declares simple reversionary bonuses regularly at the end of each financial year and those will be accrued in the policy on its anniversary, upon surrender or on death. Bonuses once attached to the policy are payable along with the interim bonuses, as applicable on death, surrender or survival. In case of surrender the surrender value of the attached bonuses will be payable. The regular bonus rate declared by the company may vary from year to year and will depend on the actual experience regarding various factors and prevailing economic conditions. Future bonuses are, however, not guaranteed and will depend upon the future profits of the participating business.

  • What is terminal bonus?

    ABSLI may pay a terminal bonus at company’s discretion on death, or maturity, based on the actual experience and prevailing economic conditions.

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2Some benefits are guaranteed and some benefits are variable with bonuses based on the future performance of the participating business and economic conditions

Disclaimer:

Trade Logo "Aditya Birla Capital" displayed above is owned by ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) and used by ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the license.

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional participating whole life insurance plan. All terms and 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. An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. 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. For more details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. Tax benefits are subject to changes in the tax laws. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) Registered Office: One World Center, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. IRDAI reg no.109 CIN: U99999MH2000PLC128110. UIN: 109N087V04

ADV/9/20-21/1048

 

BEWARE OF SPURIOUS / FRAUD PHONE CALLS!

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Need help with life insurance?

+91
I agree to the Terms of Usage and Privacy Policy and authorize Aditya Birla Sun Life Insurance Company Limited and its associates to call/SMS/Email/WhatsApp me.

Thank you for your details. We will reach out to you shortly.

1800-270-7000 or reach out to us on this number.

Thank you for your details. Currently we are facing issue in our system.

1800-270-7000 or reach out to us on this number.