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Aditya Birla Sun Life Insurance Company Limited

ABSLI Nishchit Aayush Plan

Plan Smarter, Live Better!

Guaranteed^¹ 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?

ABSLI NISHCHIT AAYUSH Plan is a non-linked non-participating individual savings life insurance plan that provides life insurance cover with guaranteed¹ regular income and lumpsum benefits. It empowers you to fulfil your life goals so that you can meet your responsibilities and financially secure your family even in your absence.

Key Features

Guaranteed¹ Income

5 Income Variants to choose as per your needs

Lumpsum Benefit at policy maturity^²

Life Cover across policy term

Brochure Leaflet Policy Contract

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.

ABSLI Critical Illness Rider

UIN: 109B019V03

provides lump sum on survival of 30 days from the date of diagnosis of any of the specified critical illnesses. This rider is only applicable for a Life Insured aged 18 years and 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 annually in arrears 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 34,800 as income every year which makes it a total of Rs 13,92,000 and receives maturity benefit of Rs 14,00,000 as a lumpsum at the end of the policy term

Product Specifications

Type of Plan

A Non-Linked Non-Participating Individual Savings Life Insurance Plan

Coverage

All Individuals (Male | Female | Transgender)

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.

Maximum

55 years

Maturity Age of the Life Insured (age as on last birthday)

Minimum

18 years

Maximum

Long Term Income: 85 years (age last birthday)

Whole Life Income: 100 years (age last birthday)

Premium Payment Term (PPT) & Policy Term (PT)

Other than Income Only Benefit

Premium Payment Term (Years)	Policy Term (Years)
Premium Payment Term (Years)	Long Term Income						Whole Life Income
6 Pay	15	20	25	30	35	40	100 (–) Age at Entry
8 Pay	15	20	25	30	35	40
10 Pay	15	20	25	30	35	40
12 Pay	15	20	25	30	35	40

Income only benefit

Premium Payment Term (Years)	Policy Term (Years)
Premium Payment Term (Years)	Long Term Income				Whole Life Income
6 Pay	25	30	35	40	100 – Age at Entry
8 Pay	25	30	35	40
10 Pay	-	30	35	40
12 Pay	-	30	35	40

Premium Payment Modes and Modal Factors

Annual | Semi-Annual | Quarterly | Monthly

Mode	Annual	Semi-annual	Quarterly	Monthly
Modal Factors	0%	2.0%	3.0%	4.0%

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

Maximum Annualized Premium

No Limit (subject to Board Approved Underwriting Policy)

Minimum Sum Assured

Rs. 2,10,000

Maximum Sum Assured

Subject to Board Approved Underwriting Policy

Premium bands

The benefits under this product vary by premium bands as mentioned below:

Premium Bands	Band 1	Band 2	Band 3	Band 4	Band 5	Band 6	Band 7
Annualized Premium (Rs.)	30,000 to 49,999	50,000 to 99,999	1,00,000 to 1,99,999	2,00,000 to 2,99,999	3,00,000 to 4,99,999	500,000 to 24,99,999	25,00,000+

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.

Benefit Payout Frequency

You can choose to receive income benefit in Annually in Advance, Annually in Arrears or Semi-Annual or Quarterly or Monthly frequency.
The income is payable at the start of the year in case of annually in advance frequency and at the end of the year or half-year or quarter or month, as the case may be, for the rest of the frequencies.
Annually in Advance payout frequency is only available in "Annual" premium payment mode.

Guaranteed Income With Lumpsum Benefit

Buy ABSLI Nishchit Aayush Plan Now

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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. next day onwards(Annually in Advance) 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.

Flexibility to choose Sum Assured

You can choose Sum Assured between 7 times or 10 times the Annualized Premium.

What's Not Covered Under ABSLI NISHCHIT AAYUSH Plan?

Suicide Exclusion

If the Life Insured dies by suicide within 12 months of the effective date of risk commencement or the date of revival of policy, the policy shall terminate immediately. In such cases, the Company shall pay higher of Surrender Value or (total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums paid excluding applicable taxes) in case the policy has acquired a surrender value; or Total premiums Paid plus underwriting extra premiums paid plus loadings for modal premiums paid excluding applicable taxes in case the policy has not acquired a surrender value.

How To Initiate Claim?

3 quick steps, everything online.

Fill basic details

Claim intimation

Document submission

More About Claims

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 15, 20, 25, 30, 35 or 40 years. For more details, refer to the product brochure.

^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.

You can surrender the policy any time during the Policy Term after the policy has acquired a Surrender Value. Your policy will acquire a Surrender Value after completion of first policy year, provided all due premiums for at least One full policy year is 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.

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Long term regular income for 20, 25 or 30 years
Fully Guaranteed Returns on your investment
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ABSLI Vision LifeIncome Plus Plan

Aditya Birla Sun Life Insurance Vision LifeIncome Plus Plan provides the benefit of a comprehensive life insurance cover for a lifetime, up to a maximum of age 100 along with a guaranteed regular income.

Life cover up to a maximum of age 100
Option to enhance your insurance cover through riders
Option to get cash-in-hand even while paying premiums

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^{^} - 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 109N137V11
ADV/12/24-25/2475