![ABSLI Life Shield Plan](/Assets/Project/ABCL/images/revamp-transparent.webp)
ABSLI Income Suraksha Plan
![Share](/Assets/Project/ABCL/images/revamp-transparent.webp)
What is ABSLI Income Suraksha Plan?
Benefits of ABSLI Income Suraksha Plan
![Income Tax Benefit](/Assets/Project/ABCL/images/revamp-transparent.webp)
The discounted value shall be calculated using a discount rate of 9.55% p.a., or such other rate as determined by ABSLI (subject to prior approval from IRDAI) from time to time, taking into account the expected future economic environment at the time.
Term Plan with Riders offer Added Protection
You can enhance your insurance coverage during the Policy Term by adding following riders for a nominal extra cost. You can only opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Death Benefit Rider Plus. Please refer to detailed brochures on riders, consult your financial advisor or visit our website for further details.
![ABSLI Accidental Death Benefit Rider Plus](/Assets/Project/ABCL/images/revamp-transparent.webp)
Plan Options
You shall choose one Plan Option at the inception of the Policy. The option once selected cannot be changed later. Premium payable will vary depending upon the Option chosen. You will have to choose the Monthly Income, Policy Term, Premium Payment Term and mode of premium payment while choosing the plan option.
![Increasing Term Assurance](/Assets/Project/ABCL/images/revamp-transparent.webp)
Type of Plan |
A Non-Linked Non-Participating Life Individual Pure Risk Premium Plan |
|||||||||||
Coverage |
All Individuals (Male | Female | Transgender) |
|||||||||||
Age of the Life Insured at Entry (age as on last birthday) |
Minimum |
21 Years. |
||||||||||
Maximum |
55 years |
|||||||||||
Maturity Age of the Life Insured (age as on last birthday) |
Minimum |
31 years |
||||||||||
Maximum |
70 Years |
|||||||||||
Premium Payment Term (PPT) & Policy Term (PT) |
|
|||||||||||
Premium Payment Modes and Modal Factors |
Annual | Semi-Annual | Quarterly | Monthly
|
|||||||||||
Sum Assured |
|
|||||||||||
Discount |
*Annual income of Rs. 5,00,000 or above. This discount will apply to the first-year premium only
|
|||||||||||
How to choose your Plan? |
ABSLI provides you the flexibility to choose from below two plan options basis your needs and requirements. Step 1: Choose Your Plan Option ü Fixed Income Protection ü Increasing Income Protection Step 2: Choose the Monthly Income, Premium Payment Term and Policy Term Plan option, Monthly Income, Policy Term, Premium Payment Term and mode of premium payment chosen at inception cannot be changed thereafter. Premium will vary depending upon the Option chosen at inception.
|
How does this Plan work?
What's not Covered under ABSLI Income Suraksha Plan?
How to initiate Claim?
3 quick steps, everything online.
- Fill basic details
- Claim intimation
- Document submission
Frequently Asked Questions
Lumpsum Amount=Commutation Factor x Monthly Income chosen at Inception
The Commutation Factor will depend on the Plan Option, Income Payout Frequency, Policy Term and the outstanding Income Payout Period. The outstanding Income Payout Period is calculated as number of whole months from the date of commutation to the end of the Income Payout Period.
- minimum outstanding term of 5 years on date of attachment of rider and
- Board approved underwriting policy.
-
Risk Factors and Disclaimer :
This Policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non-participating individual life pure risk premium 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. This brochure contains only the salient features of the plan. For further details please refer to the Policy contract. This product shall also be available for sales through online channel. Tax benefits are subject to changes in the 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.
Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
ADV/8/24-25/1345