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A plan that provides guaranteed regular payouts for life’s regular needs

ABSLI Vision Money Back Plus Plan

 

Benefits of Vision Money Back Plus Plan
 
Guaranteed Survival Benefit
 
Every 4th or 5th policy anniversary as selected during inception, you shall receive a survival benefit as a percentage of Sum Assured. These benefits will continue throughout the policy term as long as the life insured survives. The regular payouts are a predefined percentage of sums assured in the following options:
 
 
 
Premium Paying Term / Policy Term
Survival Benefit Year
10/20
12/24
4th
10%
10%
8th
15%
15%
12th
20%
20%
16th
25%
25%
20th
30%
30%
24th
-
35%
 
 
Premium Paying Term / Policy Term
Survival Benefit Year
10/20
12/25
5th
15%
15%
10th
20%
20%
15th
25%
25%
20th
40%
30%
25th
-
45%

 
You can also defer the due Guaranteed Survival Benefit until the time the next Guaranteed Survival Benefit is due to be paid. The payout will happen only when the Guaranteed Survival Benefit is due to be paid.


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)
Sum Assured on Death is the maximum of Sum Assured chosen at inception irrespective of any survival benefits paid 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
  • Accrued bonuses till date; plus
  • Terminal bonus (if any)
The policy shall be terminated once the maturity benefit is paid.
 
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, 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 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. 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.

Some benefits are guaranteed and some benefits are variable with returns based on the future performance of the company (ABSLI). 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 investment performance.

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/10/16-17/10110 VER1/OCT/2016
Unique No.: 109N093V03