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A plan that gives more flexibility to secure life’s important goals.

Benefits of ABSLI Vision Endowment Plus 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 regular bonuses as of date of death; plus
  • Terminal Bonus (if any)

Option A - Sum Assured on Death is maximum of 100% of Sum Assured or Maturity Sum Assured (1) or 10 times the annual premium payable.

Option B - Sum Assured on Death is maximum of 150% of Sum Assured or Maturity Sum Assured (1) or 10 times the annual premium payable
 
 
Maturity Benefit

In the event the life insured survives to the end of the policy term, we shall pay to you

  • Maturity Sum Assured(1); plus
  • Accrued bonuses till date; plus
  • Terminal Bonus (if any)

(1) where Maturity Sum Assured is sum of all premiums payable excluding service tax & cess, any applicable rider premiums and underwriting extra (if any)
 
 
Riders

For added protection, you can enhance your insurance coverage during the policy term by adding riders for a nominal extra cost. Please refer to detailed brochures on riders or consult your financial advisor.
 
 
Tax Benefits

As per extant tax laws, this plan offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. Please consult your tax advisor for details.
 
 
For details on the above mentioned benefits, please refer to product brochure before concluding the sale.

 

Disclaimer
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. 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. For details on risk factors, terms and conditions, please read the sales brochure carefully before concluding the sale. 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 Reg.no.109. ADV/7/17-18/628 VER2/JULY/2017

IRDAI clarifies to the 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 number.
Unique No. 109N092V03