A traditional participating whole Life Insurance plan
As a responsible individual, you try and plan for all the important life stages, all the important milestones in your life. And in every effort of this process we wish we could have an extra stream of income that manages to fund for these glorious moments of one’s life. Well, they say nothing is impossible and all it requires is careful planning. We will help you to plan better to achieve your financial goals and realize your dreams with ABSLI Vision LifeIncome Plan.
In the event the life insured survives to the end of the premium paying term, we shall pay to you
In the event the life insured survives to the end of each subsequent policy year, we shall pay to you
In the event the life insured survives to the end of the policy term, we shall pay to you
In the unfortunate event of the death of the life insured during the premium paying term, we shall pay to the nominee
In the event the life insured dies after the premium paying term, we shall pay to the nominee
In case where the death of the Life Insured takes place prior to the risk commencement date, only the basic premiums paid to date (excluding service tax, if any ) shall be payable as the Death Benefit.
In case of death of the life insured, if the life insured is different from the policyholder, the policyholder will receive the death benefit.
The policy shall be terminated once the death or maturity benefit is paid and no other benefit shall be payable thereafter.
1Sum Assured payable on death / maturity shall never be less than 105% of total premiums paid to date (excluding any applicable rider premium and/or underwriting extras)
2Refer to bonus section
3Any bonuses previously paid are excluded
|Entry Age (age last birthday)||330 days* – 60 years|
|Policy Term||Whole Life to Age 100|
|Premium Paying Term||8 | 10 | 12 | 15 to 40 years|
|Minimum||Attained Age at end of Premium Paying Term is 18 or more|
|Maximum||Attained Age at end of Premium Paying Term is 75 or less|
|Minimum Sum Assured||Rs. 200,000|
|Minimum Premium||For PPT 8 | 10 | 12 years – Rs. 1,00,000 p.a. |
For PPT 15 to 40 years – Rs. 3,880 p.a.
|Premium Frequency||Annual, Semi-annual, Quarterly, Monthly|
*risk commences from the first policy anniversary
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 email@example.com. Visit us at: www.dbs.com/in