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Aditya Birla Sun Life Insurance Company Limited

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Waiting Period

A waiting period is a time for which the insured has to wait for some or all coverage to come into effect. Most insurance policies come with a waiting period.

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Whole Life Insurance

A whole life insurance policy is a traditional life cover that provides insurance protection for the insured’s whole life until the premium is paid. Generally, the maturity age of the policy lasts till the policyholder attains an age of 100 years. Whole life insurance policy guarantees to be in force for the entire lifespan of the life insured.

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With profit policy

A whole life insurance policy is a traditional life cover that provides insurance protection for the insured’s whole life until the premium is paid. Generally, the maturity age of the policy lasts till the policyholder attains an age of 100 years. Whole life insurance policy guarantees to be in force for the entire lifespan of the life insured.

4.5 | 1 Rating

Without Profit Policy

A whole life insurance policy is a traditional life cover that provides insurance protection for the insured’s whole life until the premium is paid. Generally, the maturity age of the policy lasts till the policyholder attains an age of 100 years. Whole life insurance policy guarantees to be in force for the entire lifespan of the life insured.

4.5 | 1 Rating

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ABSLI Nishchit Aayush Plan. This is a non-linked non-participating individual savings life insurance plan. UIN No 109N137V06
^ - Provided 0 year deferment & monthly income frequency is chosen at the time of inception of the policy.
~ 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 ₹1,20,000 (Exclusive of GST.). Annual Income of ₹45,900 (45,900*40=18,36,000) + Maturity Benefit (₹16,80,000)= ₹35,16,000