Exit Intent Popup /Assets/Project/ABCL/images/close-button.svg

Get Guaranteed Returns After a Month^

Unlock the Power of Smart Investment!

*Min 3 characters
+91
*Please enter a valid 10 digit Mobile No.
^ - ABSLI Nishchit Aayush Plan (UIN No 109N137V05), Provided 0 year deferment & monthly income frequency is chosen at the time of inception of the policy. ADV/8/23-24/1409
Exit Intent Popup /Assets/Project/ABCL/images/close-button.svg
/Assets/Project/ABCL/images/Icon-Filled.svg

I agree to the Terms of Usage and Privacy Policy. By submitting my contact details here, I override my NDNC registration and authorize ABSLI to contact me by phone/e-mail/SMS/WhatsApp. 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. 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. ABSLI Nishchit Aayush is a non-linked non-participating individual savings life insurance plan (UIN No 109N137V05)

/Assets/Project/ABCL/images/Icon-Filled.svg

Thank you

for your details.

We will reach out to you shortly.

Annual Premium Annuity

★
5
Rated by 1 readers
Definition:
Annual premium annuity means investing equal amounts in installments annually under an annuity plan. This allows investors to save in parts. The total amount invested keeps growing until withdrawals are made.

Description:
Annuity plans work like pension plans. They provide income after a specified time. There is no limit on the annual premium paid. One can top the annual premium annuity amount at any given time. The increased annual premium will generate a higher annuity amount in the future.

Example:
Hansraj plans to invest to buy an annual premium annuity. He paid Rs.1,00,000/- per year for 10 years under the annuity plan. Hansraj then waited for another 5 years for annuity payback.The annual premium is Rs.1,00,000 and total premium paid is 10 lakhs. The returns on annuity paid back will be in the band of 5-6%.

How much helpful you found for you?
5
Rated by 1 readers
5 / 5 ( 1 reviews )
Not Helpful
Somewhat Helpful
Helpful
Good
Best

Thank you for your feedback

Don’t forgot to share helpful information in your circle
Back to Insurance Dictionary

Newly Added Terms

Newly Added Terms on Insurance Dictionary
altimg
Death Benefit
iconalt
Insurability
iconalt
Key Employee or Keyman
iconalt
Insurer

Most Appreciated Terms

Most appreciated Terms on Insurance Dictionary
Absolute Assignment
Beneficiary
Claim
Commission
Buy ABSLI Assured Savings Plan Online

Guaranteed income with Lumpsum benefit

Buy ABSLI Nishchit Aayush Plan now
BUY ONLINE

ABSLI DigiShield Plan

Think Term Plan. Smart Financial Security For Loved Ones.
Think Term Plan. Smart Financial Security For Loved Ones.
Covid-19 covered
Plan Options 10 Plan Options

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

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

Buy ₹ 1 Cr Term Cover @Rs.492/month
for Salaried Individuals¹
*Min 3 characters
+91 phone
*Please enter a valid 10 digit Mobile No.
*This field is required.
Buy ₹1 Crore Term Cover @ @Rs.492/month for Salaried Individuals¹
Buy Online
ABSLI Salaried Term Plan
Exclusively For Salaried Individuals
4 Plan Options
Life Cover upto 70 years
Optional Accelerated Critical Illness benefit
Inbuilt Terminal Illness Benefit
Life Cover
₹1 crore
Premium:
₹492/month¹
  • Disclaimer

    ABSLI Salaried Term Plan (UIN:109N141V01) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
    1LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Annual Premium: ₹ 5900/- ( which is ₹ 491.66/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
    ADV/5/22-23/291