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Aditya Birla Sun Life Insurance Company Limited

Variable Life Insurance

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Definition:

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.

Description:

Life protection and investment options are the primary purposes for buying a life insurance policy. Though it also gives you a tax benefit³, buying it as life security is the main motive.

A life insurance policy with the double benefit of life cover and investment is variable life insurance. But the returns on the investment are declared by the insurance company every year.

The variable life insurance policy is suitable for those with specific needs or who want to fulfil their short-term goals. So when the goal changes, the death benefit and the savings under the policy can change.

Variable life insurance plan (VLIP) involves investment risks. It is further divided into two types that include participating and non-participating insurance policies. Participating policy comes with guaranteed⁴ returns whereas non-participating VLIP offers a bonus every year.

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Newly Added Terms

Death Benefit

Insurability

Settlement Option

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Absolute Assignment

Death Benefits

Insurability

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.
³Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
⁴Provided all due premiums are paid
ADV/8/22-23/1306

I agree to the Terms of Usage and Privacy Policy and by submitting my contact details here, I override my NDNC registration and authorize ABSLI and its authorized representatives to contact me by phone/e-mail/SMS/WhatsApp for further assistance and information about this proposal and resulting insurance policy.
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.