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Birla Sun Life Investment Plans

Aditya Birla Sun Life Insurance Company Limited (ABSLI), formerly known as Birla Sun Life Insurance Company (BSLI), is one of the leading insurance providers of India. To add further, ABSLI has a network of 425 branches across India, around 80000 advisors and over 140 plus partnerships with brokers, agents, banks and intermediaries. The company has also been renowned for launching Unit Linked Insurance Plans and offers a complete range of comprehensive protection plans to its customers.

Types of Investment Plans offered by Aditya Birla Sun Life

ABSLI’s portfolio comprises of multiple plans such as retirement, wealth, savings, child plans, traditional investment plans, children’s future plans, and protection solutions.

In this article we will focus on Traditional Investment Plans offered by ABSLI. A traditional investment plan is a type of an investment plan where your money is invested as per the policy terms and conditions. They serve a purpose of long term investment and money cannot be withdrawn before the policy ends.

Note: All information related to Product Benefits and Eligibility has been sourced from the official website of Aditya Birla Sun Life Insurance.

ABSLI Secure Plus Plan

A traditional non-participating life insurance plan guarantees income post the policy tenure. It can be purchased online.

  • Product Benefits

  • You have the flexibility to choose income benefits and the amount of premium to be paid.

  • The following options are given as follows.
    • Option A: if you want to receive Income Benefit equal to 100% to 600% of Annual Premium for 6 years
    • Option B: if you want to receive Income Benefit equal to 200% of Annual Premium for 12 years
  • This plan comes with an Inbuilt Accidental Death Benefit.
  • Death Benefit - 10 times of the annual premium (excluding service tax and cess, any applicable rider premiums and underwriting extras, if any); or 105% of the total premiums paid as on the date of death (excluding service tax and cess, any applicable rider premiums and underwriting extras, if any); or sum assured; or maturity sum assured.

Eligibility

Entry Age5-50 years
Maturity Age63 years
Policy Term13 years
Premium Paying Term12 years
Minimum PremiumRs.50,000 p.a. for annual mode, Rs.36,000 p.a. for monthly mode
Premium ModeAnnual | Monthly
Minimum Sum AssuredRs. 5,22,000
Sum AssuredSum Assured will be determined based on your entry age and the premium amount you commit to pay in a policy year
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)

ABSLI Vision MoneyBack Plus Plan

This is a traditional participating life insurance plans with guaranteed survival benefit.

Product Benefits

  • Every 4th or 5th year of the policy anniversary, you will receive a survival benefit as a percentage of the sum assured.
  • Death benefit payable will be Sum Assured on Death; plus accrued regular bonuses as of date of death; plus Terminal bonus (if any).
  • Maturity benefit will be accrued regular bonuses till date; plus Terminal bonus (if any).
  • You are entitled to tax benefits under Section 80C and Section 10 (10D) of the Income Tax Act, 1961.

Eligibility

Entry Age13-45 years
Policy Term20|24|25 years
Premium Paying Term
  • 10 years for a 20 year policy term
  • 12 years for a 24 or 25 year policy terms
Minimum Sum AssuredRs. 1,00,000
Premium FrequencyAnnual, Semi-annual, Quarterly and Monthly

ABSLI Vision Lifeincome Plan

A traditional participating whole life insurance plan where you get 5% of the sum assured every year plus bonus annually post premium paying term.

Product Benefits

  • Survival benefit - It will be 5.0% of Sum Assured plus bonus from current policy year payable at the end of the premium paying term.
  • Death benefit payable will be highest of, Sum Assured or 10 times of the annualised premium or 105% of total premiums paid to date; plus accrued bonuses as on date of death; plus terminal bonus (if any).
  • In case of death after the premium paying term, the death benefit payable will be highest of, Sum Assured or 10 times of the annualised premium or 105% of total premiums paid to date; plus bonus from the current policy year; plus Terminal bonus (if any).
  • You are entitled to tax benefits under Section 80C, 80D and Section 10(10D) of the Income Tax Act, 1961.

Eligibility

Entry Age30 days-60 years
Policy TermWhole Life to Age 100
Premium Paying Term 8 | 10 | 12 | 15 to 40 years
Minimum Sum AssuredRs. 2,00,000
Premium FrequencyAnnual, Semi-annual, Quarterly and Monthly

ABSLI Savings Plan

A traditional participating life insurance plan which helps your grow your savings steadily over the policy tenure.

Product Benefits

  • You have the flexibility to select the policy and premium paying term along with sum assured.
  • You can take a loan against this policy.
  • In case of accidental death, an additional sum assured is payable.
  • You get guaranteed additions for the first 5 years during the end of each policy.
  • Death benefit payable will be Guaranteed Death Benefit, plus Accrued Guaranteed Additions, plus Accrued regular bonuses as on date of death, plus Terminal Bonus if any.
  • Maturity benefit will be Sum Assured, plus Accrued Guaranteed Additions, plus Accrued Regular Bonus, plus Terminal Bonus if any.

Eligibility

Entry Age18-50 years
Policy Term10, 15, 20 years
Premium Paying Term For policy term 10 years: Regular pay For policy term 15 years: 10 years - Regular pay For policy term 20 years: 10 years, 15 years - Regular pay
Sum AssuredRs. 30,000 – Min Rs. 10,00,000 – Max
Premium FrequencyAnnual, Semi-annual, Quarterly and Monthly

ABSLI Vision LifeSecure Plan

A traditional participating whole life insurance which provides comprehensive financial protection for your family till the age of 100.

Product Benefits

  • You are entitled fortax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
  • Maturity benefit will be paid as Sum Assured, plus accrued regular bonuses, plus Terminal Bonus (if any).
  • Death benefit payable will be Guaranteed Death Benefit; plus accrued regular bonuses as on date of death; plus Terminal Bonus, (if any).
  • In case of death before the risk commencement date only the basic premiums paid to date (excluding GST, if any) shall be payable as death benefit.

Eligibility

Entry Age30 days-60 years
Policy Term15 to 35 years
Premium Paying Term Regular pay
Minimum Sum AssuredRs. 2,00,000
Minimum PremiumRs.12,000 p.a.
Premium FrequencyAnnual, Semi-annual, Quarterly and Monthly

ABSLI Income Assured Plan

A traditional non-participating life insurance plan where you can select your pay term and policy term.

Product Benefits

  • Assured Income Benefits Options.
    • Option A: Assured Income of 8.0% of Sum Assured per annum payable monthly after the premium-paying term till maturity of the policy.
    • Option B: Accumulate the Assured Income and receive as a lump sum at the end of policy term. The accrued Assured Income will be increased to 130% (for policy terms of 15, 17 and 20 years) and 150% (for policy terms of 22 and 25 years).
  • Guaranteed Additions are added after the completion of the premium payment term, until policy maturity date on a quarterly basis.
  • Death benefit payable will be Sum Assured on death; plus guaranteed Additions accrued as on date of death.
  • Maturity benefit will be Sum Assured; plus Guaranteed Additions accrued to date.
  • You are entitled to tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.

Eligibility

Entry Age8-60 years
Maximum Maturity Age
  • 5 years for 15 years policy term
  • 7 years for 17 | 22 years policy term
  • 10 years for 20 | 25 years policy term
Sum AssuredRs. 1,00,000
Premium FrequencyAnnual, Semi-annual, Quarterly and Monthly

ABSLI Vision Endowment Plus Plan

A traditional participating life insurance plan where you can select the premium on basis of the chosen sum assured.

Product Benefits

  • You are entitled to tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961.
  • Death benefit payable will be Sum Assured on Death; plus accrued regular bonuses as of date of death; plus Terminal Bonus (if any)
  • Option A - Sum Assured on Death is maximum of 100% of Sum Assured or Maturity Sum Assured or 10 times the annual premium payable.
  • Option B - Sum Assured on Death is maximum of 150% of Sum Assured or Maturity Sum Assured or 10 times the annual premium payable.
  • Maturity benefit will be Maturity Sum Assured; plus accrued bonuses till date; plus Terminal bonus (if any).

Eligibility

Entry Age30 days-60 years
Policy Term10 to 40 years
Premium Paying Term 7, 10, 15, 20 years, Regular Pay
Sum AssuredRs. 1,00,000
Minimum PremiumRs. 2,495 p.a.
Premium FrequencyAnnual, Semi-annual, Quarterly and Monthly

ABSLI Guaranteed Milestone Plan

A non-linked non-participating life insurance plan which provides fully guaranteed benefits on death or maturity.

Product Benefits

  • You have the flexibility to choose the policy term and an option to cover your spouse under the joint life protection scheme.
  • Death benefit payable for single life will be paid in 10 equal annual installments (Maturity Sum Assured plus accrued Guaranteed Additions over the Sum Assured).
  • In case of lump sum payment, the discounted value of the outstanding annual instalments will be paid as a lump sum.
  • Maturity amount will be Maturity Sum Assured; plus Accrued Guaranteed Additions.
  • Guaranteed additions will be paid on a monthly basis provided all premiums have been paid successfully.
  • Death benefit payable for joint life will be paid in annual instalments to the spouse (secondary life insured).
  • In case of death of the secondary life insured the death benefit is paid to the nominee as a lump sum amount.

Eligibility

Entry Age30 days-60 years
Policy Term12, 14, 16, 18, 20, 22, 24 & 26 years
Premium Paying Term
  • 6 years for policy term of 12/14
  • 8 years for policy term of 16/18
  • 10 years for policy term of 20/22
  • 12 years for policy term of 24/26
Sum Assured15x of the Annual Premium
Minimum Sum AssuredRs. 2,25,000
Minimum Maturity Sum AssuredRs.90,000
Premium FrequencyAnnual, Semi-annual, Quarterly and Monthly

ABSLI Jeevan Bachat Plan

A non-linked non-participating life insurance plan which provides life cover 10x of your premium with tax benefits.

Product Benefits

  • Death benefit payable will be Sum Assured on Death plus Guaranteed Additions accrued till the date of death.
  • Maturity benefit will be Maturity Sum Assured plus the Guaranteed Additions accrued till maturity. Maturity Sum Assured is the sum of all the premiums payable (excluding loadings for modal premiums and applicable taxes, if any)
  • Guaranteed Additions will be provided on a monthly basis post completion of premium paying term.

Eligibility

Entry Age1-55 years
Policy Term For Single Pay & 6 Pay: 10 | 15 | 20 years , For 9 & 12 Pay: 15 | 20 years
Premium Paying Term Single Pay, Limited Pay - 6 | 9 | 12 years
Sum Assured
  • Minimum: Single Pay: Rs.12,500 | Limited Pay: Rs. 50,000
  • Maximum: Single Pay: Rs.10,00,000 | Limited Pay: Rs. 5,00,000
Premium FrequencySingle, Annual, Semi-annual, Quarterly and Monthly
Maturity AgeMinimum - 18 years , Maximum - 65 years

How to Apply for ABSLI Investment Plans?

Online Application

ABSLI offers only ABSLI SecurePlus Plan via its online medium. You can start by visiting the official portal of ABSLI and select the Buy Now option next to the ABSLI SecurePlus Plan. Next, you will be required to fill in your basic details along with the cover provided and amount of premium. Post premium selection you need to submit the application details and then you will immediately receive a quote. You can pay the premium amount via debit/credit/net banking.

Offline Application

You can purchase any of ABSLI’s life insurance plans via banks, broker, agents and intermediaries who will help you with the application process.

FAQs on ABSLI Investment Plans

Why choose Aditya Birla Sun Life Insurance Plans?

You should opt for ABSLI’s insurance plans as the insurer is one of the best insurance plan providers in India. They have a wide range of insurance portfolio’s which will help you meet all of your investment requirements.

Which is the best Investment Plan of Aditya Birla Sun Life Investment Plans for 2018?

There is not a single investment plan which serves as the best. Each plan has been well renowned with unique features and benefits which make it good within its own category.

How to pay premium? What are the modes of payment available?

You can pay your ABSLI premium via online (credit/debit/netbanking), ECS system or cheque payment.

How can I check policy status for Aditya Birla Sun Life Investment Plans?

In order to check the status of your policy, simply visit the official e-portal of ABSLI and log in with your registered ID and Password. Once logged-in, you will get complete details of your policy.

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