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ABSLI Vision Star Plan

Plan for success, no matter what your child's passion​​​

Benefits of ABSLI Vision Star Plan

Regular bonuses
ABSLI will declare simple reversionary bonuses regularly at the end of each financial year and that will be added to your policy on its Policy Anniversary. Future bonuses are however not guaranteed and will depend upon the future profits of the participating business.

Terminal bonus
ABSLI may also pay a terminal bonus on maturity or surrender, if earlier, based on the actual experience and the prevailing economic conditions.

Death Benefit
In the unfortunate event of the death of the life insured during the policy term:

  • Sum Assured on Death will be paid to the nominee
  • No premiums are required to be paid in future
  • Assured Payouts on the scheduled dates as explained in the Assured Payout section
  • Bonuses accrued till policy maturity date and terminal bonus, if any, will be payable on the policy maturity date

Sum Assured on Death is the maximum of Sum Assured chosen at inception, irrespective of any guaranteed Payouts paid or 10 times the annual premium payable. The death benefit will be subject to minimum of 105% of total premiums paid to date excluding service tax, any applicable rider premiums and underwriting extras, if any.
Assured Payout
Starting from 5thyear after the premium paying term is over, you shall start receiving Assured Payouts which are pre-defined percentage of the Sum Assured chosen by you basis the option chosen by you as shown below.basis

Option A 
X + 5
X + 7
X + 9
X + 11
%age of Sum Assured

Option B 
X + 5
X + 6
X + 7
X + 8
X + 9
%age of Sum Assured
Where X denotes the premium paying term
Maturity Benefit
If the life insured survives, we shall pay to you the following on the maturity date

  • Accrued bonuses till date
  • Terminal bonus (if any)

The policy will be terminated once the maturity benefit is paid.
Reduced Paid-up Benefits
If you discontinue paying premiums after having paid premiums for at least three full years(Two years, for premium paying term less than 10 years), your policy will not lapse but continue on a Reduced Paid-up basis.
Surrendering your Policy
Your policy will acquire a surrender value after all due premiums for at least three full policy years(two years, for premium paying term less than 10 years)are paid. For more details, please read the product brochure.
Taking a Policy Loan
You may take a loan against your policy once it has acquired a surrender value. The minimum loan amount is Rs.5,000 and the maximum is 85% of your surrender value.
For more details on the benefits, please read the product brochure.


For more details on risk factors, terms and conditions please read sales brochure carefully before concluding a sale. Some benefits are guaranteed and some benefits are variable with bonuses based on the future performance of the participating business and economic conditions. If your policy offers guaranteed returns then these will be clearly marked "guaranteed" in the illustration table on this page. If your policy offers variable returns then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future performance of the participating business. This is a traditional participating life insurance plan. All terms & conditions are guaranteed throughout the policy term, except for the bonuses which would be declared at the end of each financial year. Service Tax and Education Cess and any other applicable taxes will be added (extra) to your premium and levied as per extant tax laws.An extra premium may be charged as per our then existing underwriting guidelines for substandard lives, smokers or people having hazardous occupations etc. The insurance cover for the life insured (including minors) will commence on the policy issue date. Tax benefits are subject to changes in the tax laws. Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. CIN: U99999MH2000PLC128110 Registration no.109 VER2/JUNE/2017

IRDAI clarifies to public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums. IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call number.

Unique No. 109N096V02