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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
ABSLI Nishchit Aayush Plan
Plan Smarter, Live Better!
Guaranteed¹ Income
Lumpsum Benefit at policy maturity, in addition to Income
Life Cover across policy term
Guaranteed returns after a month^
What is ABSLI NISHCHIT AAYUSH Plan?
Key Features
Guaranteed1 Income
5 Income Variants to choose as per your needs
Lumpsum Benefit at policy maturity²
Life Cover across policy term
Benefits of ABSLI NISHCHIT AAYUSH Plan
An affordable short-term plan that provides security to you and your loved ones against all unforeseen eventualities.
Death Benefit
In the unfortunate event of Death of the Life Insured anytime during the Policy Term, provided the policy is in-force, shall be payable as a lump-sum to the nominee.
Staggered Death Benefit
The Nominee will have an option to receive the amount of Death Benefit in Annual/ Monthly instalments payable at the end of the year/month instead of a lump-sum, over a period of 5 years Refer to product brochure for further details.
Opting Riders with your Policy is like wearing a shield after wearing the mask
Riders offer additional benefits that are not included in the base policy at a nominal additional premium. There are exclusions attached to the riders. Please refer brochure for more details
ABSLI Accidental Death Benefit Rider Plus
UIN: 109B023V02
provides 100% of Rider Sum Assured as an additional lump sum amount in case of death due to accident of Life Insured. Additionally, the rider premiums collected aſter the date of Accident till date of death, shall be refunded with interest, along with death benefit payable. This rider is only applicable for a Life Insured aged 18 years & above and the rider Policy Term cannot exceed the base Policy Term.
How does this Plan work?
Use Case 1
Use Case 2
Use Case 3
Level Income with Lumpsum Benefit
Mr. Sachin Sharma, age 40 years, invests Rs. 1,00,000 p.a. in ABSLI Nishchit Aayush Plan.
He opts for a Long Term Income variant with Premium Payment Term of 10 years and Policy Term of 40 years and chooses to receive his income immediately (0 year deferment) on annual basis.
Mr. Sharma survives through the Policy Term and receives Survival Benefit during the policy term and Maturity Benefit at end of policy term.
He receives Rs 35,900 as income every year which makes it a total of Rs 14,36,000 and receives maturity benefit of Rs 14,00,000 as a lumpsum at the end of the policy term
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Product Specifications | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Type of Plan |
A Non-Linked Non-Participating Individual Savings Life Insurance Plan | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Coverage |
All Individuals (Male | Female | Transgender) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Age of the Life Insured at Entry (age as on last birthday) |
Minimum |
Long Term Income: 30 days* Whole Life Income: 30 years * In case the Life Insured is a minor, the Policy will automatically vest once the life insured attains the age of majority. The risk coverage for the minors will start from the Date of Commencement of Risk. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Maximum |
55 years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Maturity Age of the Life Insured (age as on last birthday) |
Minimum |
18 years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Maximum |
Long Term Income: 85 years (age last birthday) Whole Life Income: 100 years (age last birthday) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Premium Payment Term (PPT) & Policy Term (PT) |
Other than Income Only Benefit
Income only benefit
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Premium Payment Modes and Modal Factors |
Annual | Semi-Annual | Quarterly | Monthly
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Minimum Annualized Premium |
Income Only Benefit - Upto Age 45 years: Rs. 50,000 - Age 46 years and above: Rs. 1,00,00
Other than Income Only Benefit - Rs. 30,000
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Maximum Annualized Premium |
No Limit (subject to Board Approved Underwriting Policy) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Minimum Sum Assured |
Rs. 2,10,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Maximum Sum Assured |
Subject to Board Approved Underwriting Policy | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Premium bands |
The benefits under this product vary by premium bands as mentioned below:
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Benefit Options |
ABSLI Nishchit Aayush Plan provides you the flexibility to customize Your regular income requirements as per Your goals,
Step 1: Choose Your Benefit Option - Long Term Income or, - Whole Life Income
Step 2: Choose the Income Variant - Level Income with Lumpsum Benefit or, - Level Income with Enhanced Lumpsum Benefit or, - Increasing Income (@5% simple interest rate every 5 years) with Lumpsum Benefit - Level Income with Return of Premium Benefit - Income Only Benefit
Step 3: Choose to receive income immediately or after a deferment period of 1 year as per the chosen income payout frequency.
Benefit options chosen at inception cannot be changed thereafter. Premium will vary depending upon the Option chosen at inception.
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Benefit Payout Frequency |
You can choose to receive income benefit in annual or semi-annual or quarterly or monthly frequency. Income will be paid at the end of chosen frequency as opted by you. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Guaranteed income with Lumpsum benefit
Buy ABSLI Nishchit Aayush Plan now
Why invest in ABSLI NISHCHIT AAYUSH Plan?
Here are the key reasons for you to consider this plan:
Choice of Benefit Option and payout frequency
You can choose the tenure of income benefit between Long Term Income or Whole life Income. You can choose monthly, quarterly, semi-annually, and annual payout.
Choice of Income Variant and Lumpsum Benefit
You can choose between 5 Income Variant and Lumpsum Benefit options - Level income with Lumpsum benefit, Level Income with Enhanced Lumpsum Benefit, Increasing Income with Lumpsum Benefit, Level Income with Return of Premium Benefit, Income only Benefit.
Choice of payout time
You can start getting income payouts immediately, i.e. at 1ˢᵗ monthly anniversary (monthly mode) or from 1`ˢᵗ /2ⁿᵈ Policy Anniversary till the end of the policy term as per chosen income payout frequency and deferment period at the time of inception.
Life Cover
You can choose Sum Assured between 7 times or 10 times the Annualized Premium.
How to initiate Claim?
3 quick steps, everything online.
1
Fill basic details
2
Claim intimation
3
Document submission
Nishchit Aayush Plan FAQs
ABSLI Nishchit Aayush Plan is a non-linked non-participating individual savings life insurance plan that provides guaranteed1 income from as early as the end of 1st policy month^ to ensure the fulfilment of your family’s recurring financial needs and also provides a life insurance cover thereby ensuring complete financial protection for your family. This is a limited pay plan which provides guaranteed1 returns to the policyholder throughout the policy term of 25, 30, 35 or 40 years.
^if monthly frequency & 0 year deferment period is chosen
The minimum sum assured under this plan is Rs.210,000/-
Yes, Death Benefit is payable till the end of the Policy Term.
Policy acquires a Surrender Value once premiums for at least two full policy years have been paid.
Yes, policyholder can enhance insurance coverage during the policy term by adding one or more of the following riders for a nominal extra cost.
ABSLI Critical Illness Rider (UIN: 109B019V03)
ABSLI Surgical Care Rider (UIN: 109B015V03)
ABSLI Hospital Care Rider (UIN: 109B016V03)
ABSLI Waiver of Premium Rider (UIN: 109B017V03)
ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V02)
WOP rider will not be available when the Life Insured and Proposer are different and Life Insured is a major (above 18 years of age). Please refer to detailed brochures on riders or visit our website for further details.
Other Insurance Plans
ABSLI Fixed Maturity Plan
ABSLI Fixed Maturity Plan is a life insurance savings plan which gives you a financial guarantee to fulfil your dreams while providing you with a life cover which safeguards your family in case of an eventuality.
Guaranteed Returns
Loan against policy for emergency situation
Flexibility of Investment Amount and Policy Term
ABSLI Assured Income Plus
Aditya Birla Sun Life Insurance Assured Income Plus provides the benefit of life insurance cover during the Policy Term and guaranteed income for 20, 25 or 30 years to ensure fulfilment of your family’s long term goals and aspirations.
Long term regular income for 20, 25 or 30 years
Fully Guaranteed Returns on your investment
Loyalty Additions
^ - Provided 0 year deferment & monthly income frequency is chosen at the time of inception of the policy.
¹ Provided all due premiums are paid
² Not applicable for Income Only Benefit
This is a non-linked non-participating individual savings life insurance plan.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI).
GST 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.
Tax benefits may be available as per prevailing tax laws. For more details and clarification call Your ABSLI Insurance Advisor or visit our website and see how we can help in making Your dreams come true.
UIN No 109N137V08
ADV/9/24-25/1625/9/24-25/1644