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ABSLI Vision Endowment Plan is suitable for you, if your key objective is secured savings and providing your family with comprehensive financial protection.

Benefits of ABSLI Vision Endowment Plan

Death Benefit
In the unfortunate event of the death of the life insured during the policy term, the death benefit payable to the nominee shall be Sum Assured on Death; plus accrued bonuses as of date of death; plus Terminal bonus (if any). In the event the life insured dies due to an accident, we shall pay an additional sum assured (subject to a maximum of one crore) as additional death benefit.

Sum Assured on death is maximum of Sum Assured or Maturity Sum Assured or 10 times the annual premium payable or 105% of total premiums paid excluding Tax & Cess, any applicable rider premiums and underwriting extras, if any.
 
Maturity Benefit
In the event the life insured survives to the end of the policy term, you shall be entitled to a Maturity benefit.
  • Maturity Sum Assured; plus
  • Accrued Bonus till date; plus
  • Terminal Bonus (if any)

Maturity Sum Assured is sum of all premiums paid till date excluding service tax and rider premium or underwriting extra (if any)

Please refer to the product brochure for details

Key advantages of this Plan 

Bonuses
Your policy shall be eligible for accrued bonuses and terminal bonus if any.
 
Reduced Paid-Up Benefits
You can avail the reduced paid-up benefit if you are unable to pay premiums.
 
Tax Benefits
Tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961
Tax benefits are subject to changes in tax laws. Please consult your tax advisor for more details.
 
Taking a Policy Loan
Your policy is eligible for loans.
 
For details on the above mentioned benefits, please refer to product brochure before concluding the sale.
 
 
 
 

 

Disclaimer
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This is a traditional participating endowment 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. The insurance cover for the life insured (including minors) will commence on the policy issue date. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding the sale. Tax benefits are subject to changes in tax laws. Registered Office: One th Indiabulls Centre Tower 1, 16 Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. ADV/4/17-18/105 VER1/APR/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. 109N080V02