Aditya Birla Sun Life Insurance Company Limited

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Vesting Age

The age at which the insured starts to receive the pension is called the vesting age. Once the vesting age is reached, the policy begins to release the annuity payout amount in the frequency mentioned in the policy.

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Variable Life Insurance

A variable life insurance policy is a contract between the insured and the insurance company. It is a permanent life insurance policy with an investment component.

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Vested Bonus

A vested bonus is a bonus issued by the insurance company after realising its assets and liabilities.

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Void Contract

A formal agreement between the two parties or more that is ineffective and unenforceable for the moment is called a void contract. Once an insurance policy is void, the contract loses its legal validity.

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

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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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.

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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.