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Aditya Birla Sun Life Insurance Company Limited

Annual Premium Annuity

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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.

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Buy ₹1 Crore Term Insurance at Just ₹576/month^*

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ABSLI Salaried Term Plan (UIN:109N141V04) 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.
*LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Annual Premium: ₹ 6400/- ( which is ₹ 576/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.

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:
₹576/month^*

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Disclaimer : ABSLI Nishchit Aayush Plan (UIN No 109N137V12) is a non-linked non-participating individual savings life insurance plan.
^ Provided 0 year deferment & Annually in Advance payout frequency is chosen at the time of inception of the policy. Annually in Advance payout frequency is only available in "Annual" premium payment mode. ^*Male- 25 yrs invests in ABSLI Nishchit Aayush Plan with Level Income + Lumpsum Benefit. He chooses premium payment term 10 yrs , policy term 40 years, benefit option -Long Term Income, Sum Assured 7 times of Annualized Premium and Deferment Period 0 years. Annualized Premium is ₹1,00,000 (Exclusive of GST.). Annual Income of ₹ 32,750 (32,750*40=  13,10,000) + Maturity Benefit (₹20,00,000)= ₹ 33,10,000 ADV/3/24-25/3076.