Aditya Birla Sun Life Insurance Company Limited

ABSLI SecurePlus Plan

A traditional non-participating life insurance plan


As a responsible person, you always strive to provide the best for your family whether it’s security, stability or a better lifestyle. But no matter how well planned you are, economic instability can bring turbulent times and hamper your plans. The risk of income not keeping pace with your needs and aspirations will always remain. In times like these, a guaranteed income proves to be your saviour. Aditya Birla Sun Life Insurance SecurePlus Plan offers you a back-up income opportunity that guarantees more than just income, it offers peace of mind. In time of crisis, neither you nor your family will have to sacrifice their needs and aspirations.


After the completion of the policy term, you will start receiving Income Benefit payouts at the end of each year during the Payment Period which are fully guaranteed. These payouts are pre-defined percentage of the Annualized premium paid by you. Depending on your perceived need for an increasing or a level payout, you can choose one of the following options at inception to receive the Income Benefit payouts:

For Income Benefit Option A – Receive income increasing from 100% to 600% of annualized premium at the end of each year as per the table shown below:

For Income Benefit Option B – Receive income of 200% of annualized premium at the end of each year as per the table shown below:

For more details regarding this benefit, please refer the sales brochure.

During the policy term, Sum Assured on death will be paid to the nominee, which is higher of:

Sum Assured on death will be higher of:

  • 10 times of the Annualized premium; or
  • 105% of the Total Premiums Paid as on the date of death; or
  • Sum Assured as absolute amount to be paid on death

Where, Total Premiums paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.

In case the policy is issued on a minor life, if the death of the Life Insured takes place before the Life Insured attains age of 18 years or when the first instalment of Income Benefit becomes payable, then 2% of the annualized premium shall be payable as a one-time additional benefit.

In the event life insured dies due to an accident during the policy term after attaining age of 18 years; we shall pay an additional Sum Assured to the nominee as an Accidental Death Benefit, subject to a maximum limit of Rs. 1 crore.

For more details regarding this benefit, please refer the sales brochure.

On maturity date, you can choose to receive the commuted value of the Income Benefit as a lumpsum. The commuted value currently shall be calculated using a discounting rate of 9.00% per annum. This discounting rate is not guaranteed and is subject to change in future with prior IRDAI approval. Once the maturity benefit is paid, the policy shall be terminated. No Income Benefit shall be payable thereafter.

To know the commuted value for your policy you can get in touch with your advisor, or the nearest Branch Office.

For added protection, you can enhance your insurance coverage during the policy term by adding 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: 109C017V03)

Please refer to detailed brochures on riders, consult your financial advisor or visit our website for further details www.adityabirlacapital.com


Entry Age 5 years - 50 years (age last birthday)
Maximum Maturity Age 63 years (age last birthday)
Policy Term 13 years
Premium Paying Term 12 years
Minimum Premium Rs.50,000 p.a. for annual mode, Rs.36,000 p.a. for monthly mode
Payment Period • For Income Benefit Option A – 6 years
(from the completion of policy term)

• For Income Benefit Option B – 12 years
(from the completion of policy term)
Sum Assured* Sum Assured will be determined based on your entry age and the premium amount you commit to pay in a policy year
Minimum Sum Assured Rs.5,22,000
Premium Mode Annual | Monthly

*Please ask your Financial Advisor for an illustration applicable to your policy or refer to your policy contract for further details.

Disclaimer

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating traditional insurance plan. All terms & conditions are guaranteed throughout the policy term. GST 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 more details on risk factors, terms and conditions, please refer to the sales brochure before concluding the sale. Tax benefits are subject to changes in the tax laws. For more details and clarification call your ABSLI Insurance Advisor or visit our website. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) . Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI reg no.109 CIN: U99999MH2000PLC128110 ADV/11/19-20/1301 VER1/NOV/2019

UIN:109N102V03

Toll free (Within India):

1800 270 7000

Outside India: :

+91 22 66917777

(Call charges apply)

Between 9 am to 9 pm, All 7 Days

Send an Advisor

Mail on:

care.lifeinsurance@adityabirlacapital.com

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Send "Hi" on 8828800040 from your registered number and get your policy information on your fingertips

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