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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
ABSLI Fixed Maturity Plan
Guaranteed#Maturity Benefit
Tax Benefit*
Single Premium
Give ₹ 1.5 Lakhs once
Get ₹ 2.67 Lakhs at maturity^
What Is ABSLI Fixed Maturity Plan?
Key Features
Guaranteed# Returns.
Flexibility Of Investment Amount and policy term.
Liquidity And Easy Surrender Process
Life Cover
Loan Against Policy For Emergencies
Zero Risk investment
Want To Make Guaranteed Savings?
Buy ABSLI Fixed Maturity Plan Now
Why Invest In ABSLI Fixed Maturity Plan?
Here are the top 4 reasons for you to consider this plan:
Guaranteed# Maturity Benefits
Enjoy Guaranteed# Benefits at Maturity irrespective of market conditions.
Life Cover
Get Life Cover to protect your family against any unfortunate event. Choose the extent of your coverage by varied Sum Assured Multiples.
Flexibility
Choose from a wide range of Policy Terms basis your dreams.
Enhanced Benefit
Enhanced maturity benefit for higher premiums.
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Coverage |
All Individuals (Male | Female | Transgender) | |||||||||||||||
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Premium Payment Term (PPT) & Policy Term (PT) |
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Age of the Life Insured at Entry (Age as on last birthday) |
Minimum |
8 years¹ ¹ In case the Life Insured is a minor, the Policy will automatically vest in favour of Life Insured after attainment of majority of the Life Insured. For policies issued on minor life, the date of commencement of risk shall be the date of commencement of the policy. | ||||||||||||||
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Maximum |
Option A – 60 years Option B – 50 years | |||||||||||||||
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Maturity Age of the Life Insured (Age as on last birthday) |
Minimum |
18 years | ||||||||||||||
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Maximum |
Option A – 70 years Option B – 60 years | |||||||||||||||
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Minimum Annualized Premium |
Rs 12,000 | |||||||||||||||
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Minimum Sum Assured |
Rs 15,000 | |||||||||||||||
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Maximum Annualized Premium |
No Limit (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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Sum Assured Multiple |
Option A – 1.25 to 1.77 times the single premium Option B – 10 to 10.42 times the single premium | |||||||||||||||
Benefits Of ABSLI Fixed Maturity Plan
ABSLI Fixed Maturity Plan provides you with a comprehensive life cover which safeguards your family in case of an eventuality.
Guaranteed #Maturity Benefit
At the end of the Policy Term, you will receive a Guaranteed# Maturity Benefit as a Lump-Sum which will take you a step closer to your dreams. Guaranteed Maturity Benefit is defined as a percentage of Total Premiums paid excluding the taxes & extra underwriting premiums.
Death Benefit
In the event of death of the Life Insured during the Policy Term and provided that the Policy is In-force, the Death Benefit will be payable to the Nominee(s)/ Legal heir(s). Nomination can only be effected if the Policyholder and Life Insured are the same.For more details, please read the product brochure.
How Does ABSLI Fixed Maturity Plan Works?
How To Initiate Claim?
3 quick steps, everything online.
1
Fill basic details
2
Claim intimation
3
Document submission
Frequently Asked Questions
ABSLI Fixed Maturity Plan is a Guaranteed Endowment Plan – i.e. the plan provides lumpsum benefits on policy maturity. This plan has a Single Pay Option with a flexibility to choose the policy term between 5- 10 years. This plan creates a cushion of guarantee for your savings by providing both protection benefits across policy term to help safeguard all your dreams.
Customer only has a Single Pay Option in this plan. Policy Term options are between 5- 10 years.
The plan offers | Guaranteed# Maturity Benefit | Death Benefits in addition to the facility of loans and policy surrender benefits.
Yes. Customer can take a loan against the policy once it acquires a surrender value.
The minimum policy loan can be ₹5,000 and the maximum 80% for Option A and 65% for Option B of the then applicable Surrender Value less any outstanding policy loan balance as on that date. The outstanding policy loan balance is an amount of loan still unpaid plus all accrued but unpaid loan interest up to the given date.
Yes, this plan can be taken by NRI customers.
Yes, life insured and proposer can be different under this policy.
This product can be additionally sourced through Insurance Marketing Firms, Referrals, Distance Marketing, Agency Channel, Brokers, Corporate Agents, Direct Marketing and Web Aggregators.
Yes, when the policy is issued on a minor life, the policy will vest in favor of Life Insured after attainment of majority of the Life Insured.
No, the policyholder can avail any one discount at any given time while sourcing the policy.
Other Insurance Plans
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 investement
Loyalty Additions
ABSLI Assured Savings Plus
ABSLI Assured Savings Plan provides life insurance cover and savings benefits.to safeguard your family members from financial crisis in case of an unfortunate event, while helping you accumulate lump sum benefits to achieve all your dreams.
Loyalty Additions to boost maturity corpus
Comprehensive life insurance cover
Options to cover your spouse by choosing Joint Life Protection
# Provided all due premiums are paid
*Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
^ ABSLI Fixed Maturity Plan: Scenario: Rs. 1,50,000 Single Premium (exclusive of GST), Male, Age 32, Plan Option A, Policy Term : 10 years. Maturity Benefit: ₹2,66,925.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a Non- Linked Non- Participating Individual Savings Life Insurance Plan. All terms & conditions are guaranteed throughout the policy term. 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. For other terms and conditions, request your Agent Advisor or intermediaries for giving a detailed presentation of the product before concluding the sale. Should you need any further information from us, please contact us on the below mentioned address and numbers. UIN: 109N135V06
ADV/10/24-25/1997