Traditional Plans

Aditya Birla Sun Life Insurance Income Assured Plan

A traditional non – participating insurance plan

Get an extra stream of income that will be there to help realise your family’s dreams. ABSLI Income Assured Plan, helps you plan your future better by creating a corpus in the long run that helps you realise your dreams and various financial goals.

Key Features

  • Assured Income – 8% of the Sum Assured per annum payable monthly in arrear starting after the premium paying term till the maturity date
  • Safety for your loved ones – Comprehensive financial protection of your family with life cover

Product Details

Assured Income Benefit

  • Option A – After the premium paying term, in the event the life insured survives to the end of each subsequent policy month, we shall pay to you Assured Income(8.0% of Reduced Sum Assured per annum).
  • Option B – Accrue the Assured Income (8.0% of Reduced Sum Assured per annum) to be received as a lump sum at the end of the policy term. The lumpsum amount payable ondeath or maturity will be as follows:-
Policy Term% of Accrued Assured Income
15, 17, 20130%
22, 25150%

In case of Option A, if the monthly Assured Income is less than `500, you will be paid the Assured Income on annual basis.

Guaranteed Addition

Guaranteed Additions payable shall equal the rate of Guaranteed Additions multiplied by Reduced Sum Assured.

Death Benefit

In the unfortunate event of death of the life insured during the policy term, the death benefit payable to the nominee shall be

  • Sum Assured on death; plus
  • Guaranteed Additions accrued to date of death;

In addition we will also pay the increased accrued Assured Income if opted for.

Sum Assured on Death is highest of:

  • Sum Assured as absolute amount to be paid on death; or
  • 10 times of the annual premium (excluding applicable taxes, any applicable rider premiums and underwriting extras, if any); or
  • 105% of total premiums paid up to date of death (excluding applicable taxes, any applicable rider premiums and underwriting extras, if any); or
  • Maturity Sum Assured – The Maturity Sum Assured is the Sum Assured under this plan. If the life insured is different from the policyholder, we shall pay the above death benefit to the policyholder. The policy shall be terminated once the death benefit is paid.

Maturity Benefit

In the event the life insured survives to the end of the policy term, we shall pay to you

  • Sum Assured on death; plus
  • Guaranteed Additions accrued to date of death;

In addition we will also pay the increased accrued Assured Income if opted for.

Sum Assured on Death is highest of:

  • Sum Assured; plus
  • Guaranteed Additions accrued to date

In addition we will also pay the increased accrued Assured Income if opted for.
The policy shall be terminated once the maturity benefit is paid.

Customisable Benefits

Furthermore, you can enhance your insurance coverage by adding the following riders for a nominal extra cost.

  • ABSLI Accidental Death and Disability Rider (UIN: 109B018V03)
  • ABSLI Critical Illness Rider (UIN: 109B019V03)
  • ABSLI Surgical Care Rider (UIN: 109B015V03)
  • ABSLI Hospital Care Rider (UIN: 109B016V03)
  • ABSLI Waiver of Premium (UIN: 109B017V02)
  • ABSLI Accidental Death Benefit Rider Plus (UIN:109B023V01)

You can only opt for either ABSLI Accidental Death and Disability Rider or ABSLI Accidental Death Benefit Rider Plus


Entry Age8 – 60 years (subject to max attained age of 75 years at end of policy term)
Premium Payment Term5 years for 15 years policy term
7 years for 17 | 22 years policy term
10 years for 20 | 25 years policy term

Minimum PPT – Attained age at the end of premium-paying term must be 18 years or more
Maximum PPT – Attained age at the end of premium-paying term must be 65 years or less
Minimum Sum AssuredINR 1,00,000
Premium Payment FrequencyAnnual, Semi-annual, Quarterly, Monthly

DBS Bank India Limited is a corporate agent of Aditya Birla Sun Life Insurance Company under license number 0257.

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional non participating savings 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. The insurance cover for the life insured will commence on the policy issue date. For more details on risk factors, terms & conditions please read the sales brochure carefully before concluding the sales. Tax benefits are subject to changes in the tax laws. 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. CIN: U99999MH2000PLC128110 Registration No. 109. UIN: 109N089V04 ADV/1/17-18/1568 (Toll Free No – 1800-270-7000)

IRDAI hereby clarifies to the public that IRDAI or its officials do not involve in activities like sale of any kind of insurance or financial products nor invest premiums IRDAI does not announce any bonus. Public receiving such phone calls are requested to lodge a police complaint along with details of phone call and number

Disclaimer

DBS Bank India Limited (IRDA of India Registration Number: CA 0257) having the Registered office at GF: Nos. 11 & 12 & FF - Nos.110 to 115, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Composite Corporate Agent of Tata AIA Life Insurance Company Limited (IRDA of India Regn. No.110) CIN: U66010MH2000PLC128403 having the Registered office/principal place of business at 14th Floor, Tower A, Peninsula Business Park, Senapati Bapat Marg, Lower Parel, Mumbai - 400013, Aditya Birla Sun Life Insurance Company Limited (IRDA of India Regn.No.109) CIN: U99999MH2000PLC128110 having the Registered office address at One India bulls Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013, Royal Sundaram General Insurance Company Limited (IRDA of India Regn.No.102) CIN: U67200TN2000PLC045611 having the Registered office address at No.21, Patullos Road, Chennai - 600002 and Bharti Axa General Insurance Company Ltd. having the Registered office address at First Floor Hosto Centre, No. 43, Millers Road, Vasanth Nagar, Bangalore - 560052. ISNP Registration valid.

DBS Bank India Limited does not underwrite the risk or act as an insurer. The Insurance products are offered and underwritten by respective insurance companies. The contract of insurance is between the insurer and the insured and not between the bank and the insured. Bank does not give any warranty, as to the accuracy and completeness of the policies. Bank does not accept any liability or losses attributable to your contract of Insurance. Customers are advised to take independent professional advice before participating. Insurance is a subject matter of solicitation.

For more details on risk factors, terms and conditions, exclusions, please read sales brochure of insurer and policy terms and conditions carefully before concluding a sale. Tax benefits are available as per the prevailing tax laws, which are subject to change. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis.

For any information including cancellation, claims and complaints, please contact our Treasures Relationship Manager or visit DBS Bank India’s nearest branch office or Contact our 24-hour toll free customer service helpline number 1-800-209-4555 / 1-800-103-9897 or our overseas customer service number 91-44-66854555 or write to us at customercareindia@dbs.com. Visit us at: www.dbs.com/in

UIN: 109N089V04

Get In Touch

Call Us: 1800 209 4555

Get In Touch

Call Us: 1800 209 4555

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