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Today you are young and you don't have as many responsibilities. Even then you don't know where the money goes as your desires are increasing and you want to lead a good lifestyle and fulfil your desires. But, tomorrow as your responsibilities and life's uncertainties increase, you and your family should not have to sacrifice this lifestyle that you are enjoying today.
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Today you are young and you don't have as many responsibilities. Even then you don't know where the money goes as your desires are increasing and you want to lead a good lifestyle and fulfil your desires. But, tomorrow as your responsibilities and life's uncertainties increase, you and your family should not have to sacrifice this lifestyle that you are enjoying today. So, if you start saving small amounts in a disciplined manner today, not only will you accumulate enough tax-free savings for a secure future but also protect yourself from life's uncertainties.
(Under Section 80C and Section 10(10D) of the Income Tax Act, 1961)
 
Let's understand this plan with the help of an illustration.
 
Prakash is a 30 year old healthy male. He wants to ensure that he and his family do not have to sacrifice the lifestyle that they are enjoying today. Therefore, he starts saving in a disciplined manner today.

He chooses to secure his life for a 30 year term with ABSLI Vision LifeSecure Plan. Based on his life stage, his premium per year is set at Rs. 28,326.

If Prakash survives till the end of the policy term, he can expect a guaranteed maturity amount of Rs. 775,000 plus accrued bonus amount of Rs.1,62,750 (at the rate 4% p.a.) or Rs.14,76,375 (at the rate of 8%p.a.) at the end of 30 years. The policy continues even after the Maturity Benefit is paid.

In the unfortunate event of his death during the policy term, his family can expect the Guaranteed Death Benefit along with the accrued regular bonuses as on date of death and the terminal bonus (If any).

1Subject to a minimum of 105% of total premiums paid to date (excluding Service Tax & Cess, and underwriting extras, if any).

In the unfortunate event of his death after the policy term at any point of time before age 100, his family can expect the death benefit of Rs.9,20,683.

Note - Illustration is assuming 8% and 4% return and in option A as mentioned above.These assumed rates of return shown in the illustration above 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 investment performance

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. In the illustration above, the Guaranteed Death Benefit and Guaranteed Maturity Benefit are fully guaranteed; Total Death Benefit and Total Maturity Benefit are not guaranteed and is determined using assumed future investment returns of 4% or 8% as set by the Life Insurance Council.
 
 
How to apply?
 
Step 1 : Choose the Sum Assured
Step 2 : Choose the policy term
 

For ease of reference, the Sum Assured is banded as follows:
 
Sum Assured Band Band 1 Band 2 Band 3 Band 4
Sum Assured (Rs.) 200,000 to 399,999 400,000 to 599,999 600,000 to 799,999 800,000+
 
Please refer the product brochure for details.
 
Key advantages:
  • Growth in your savings – Enhance your savings by regular bonuses throughout the policy term starting from the first policy year
  • Safety of your loved ones – Comprehensive financial protection to you and your family up to age 100
 
Quick View
 
Entry Age (Age on last birthday) : 30 days* – 60 years
Policy Term : 15 to 35 years
Minimum : Attained age at the end of the policy term is 18 years or more
Maximum : Attained age at the end of the policy term is 75 years or less
Premium Paying Term : Regular pay
Minimum Sum Assured : Rs. 200,000
Minimum Premium : Rs. 12,000 p.a.
Premium Frequency : Annual, semi- annual, quarterly and monthly.
* Risk commences from the first policy anniversary
 
For more details on the plan, please refer to our product brochure.
 
Disclaimer
This policy is underwritten by Aditya Birla Sun Life Insurance Company Ltd. (ABSLI). This is a traditional participating whole life insurance plan. All terms and 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. 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. 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 the tax laws. Registered Office: One Indiabulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. Reg No. 109 ADV/7/17-18/629 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 call number.
Unique No. 109N087V03