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.
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.
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) |
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Premium Payment Modes and Modal Factors |
Annual | Semi-Annual | Quarterly | Monthly
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Sum Assured |
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Discount |
*Annual income of Rs. 5,00,000 or above. This discount will apply to the first-year premium only
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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.
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Use Case 1
Use Case 2
Mr. Bhatt, 35 years old non - smoker, opts for ABSLI Income Suraksha Plan. He chooses Plan Option 1 - Fixed Income Protection for a monthly income of Rs. 1,00,000.
He chooses a Policy Term of 30 years and Premium Payment Term of 30 years.
Unfortunately, he dies during the 15th Policy year.
3 quick, everything online
The ABSLI Income Suraksha Plan is a plan designed to provide financial protection to your family and help you live worry free.
This plan is available on the Leap application platform through sales channel’s intervention as well as on website.
Depending upon the smoking status of the life insured, he/she will be classified as Non-Smoker or Smoker. The proposed life insured will be classified as Non-Smoker, if he/she has not consumed tobacco products in the last 12 months. This includes any nicotine products like cigarette, cigars, chewable tobacco or any other classified stimulants.
This plan offers preferential premium rates for all Female lives. Also, Policyholder get discounted premium rates for non – smoker status.
No, Plan Option once chosen at inception; cannot be changed anytime during the Policy Term.
*Age 35 (Life Insured), Male, Non Smoker,
Option 1: Fixed Income Protectio
PT: 30 years, PPT: Regular Pay
Monthly Income Chosen: Rs. 1,00,000
Annual Premium: Rs. 20,760 p.a., Rs. 1,868 p.m. Premiums exclusive of GST.
Monthly Income payable to the nominee in case of death of the life insured for the remaining policy term or minimum 10 years.
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.
ABSLI Income Suraksha Plan:- Age 35 (Life Insured), Male, Non Smoker,
Option 1: Fixed Income Protection, PT: 30 years, PPT: Regular Pay
Monthly Income Chosen: Rs. 1,00,000
Annual Premium: Rs. 20,760 p.a., Rs. 1,868 p.m. Premiums exclusive of GST.
On death of the Life Insured, monthly income of Rs. 1,00,000 is paid to the Nominee every month during Income Payout Period.
UIN: 109N146V01
ADV/8/24-25/1345