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Guaranteed¹ Income
Lumpsum Benefit at policy maturity, in addition to Income
Life Cover across policy term
An affordable short-term plan that provides security to you and your loved ones against all unforeseen eventualities.
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
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
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) | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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:
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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 Annually in Advance, Annually in Arrears or Semi-Annual or Quarterly or Monthly frequency. |
Here are the key reasons for you to consider this plan:
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.
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.
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.
You can choose Sum Assured between 7 times or 10 times the Annualized Premium.
3 quick steps, everything online.
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.
^ - 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