Aditya Birla Sun Life Insurance Assured Income Plus

At a Glance

You continuously work towards planning Your finances to ensure security and stability for Your family even in Your absence. In today's world, having an adequate life insurance cover along with an assured long-term income to keep pace with Your family's changing needs works as a much-needed financial cushion. Introducing ABSLI Assured Income Plus, a non-linked non-participating individual savings life insurance plan, that provides the benefit of life insurance cover along with a regular income for 20, 25 or 30 years to ensure fulfilment of Your family’s long-term goals and aspirations.

Key Features

1. Long-Term Income: Get guaranteed regular income for a period of 20, 25 or 30 years to ensure fulfilment of your recurring needs in the long term.
2. Twin Benefit Options: Flexibility to choose between two benefit options i.e. a) Income only Benefit or b) Income with Lumpsum Benefit– in line with Your financial needs.
3. Loyalty Additions: Loyalty Additions as an additional boost to the Income Benefit pay-out.
4. Guaranteed* Lumpsum Benefit – Guaranteed* Lumpsum Benefit, if applicable, shall be payable at the end of the benefit payout period, to boost your savings.
5. Commutation Option: Flexibility to receive a discounted value of future survival benefits as a lump sum based on Your needs.
6. Customizable Benefits: Option to enhance Your insurance cover with appropriate riders at a nominal extra cost.

Key Benefits

Death Benefit 

In the unfortunate event of Death of the Life Insured anytime during the policy term, provided the Policy is in-force, Sum Assured on Death shall be payable as a lump-sum to the nominee.

The policy covers death under all situations (including death during declared or undeclared war, civil commotion, invasion, terrorism, hostilities) except death due to suicide as specified in the suicide clause.

 Sum Assured on Death is defined as higher of:

1. 10 times of Annualized Premium
2. 150% of Total Premiums paid till the date of death
3. Sum Assured

Survival Benefit 

On surviving till the end of policy term, Income Benefit is payable to you for 20, 25 or 30 years at the end of the period (monthly, quarterly, half yearly or annually) as per the Benefit Payout Frequency chosen.

The Survival Benefit applicable for both the Benefit Options is explained below:

1. Income Only Benefit Option:

Income Benefit, expressed as a percentage of Annualized Premium, will be paid to you which varies by Your age at entry, premium amount, premium payment term and benefit payout period. Income Benefit (as a percentage of Annualized Premium) paid annually has been given in Annexure I.

2. Income with Lumpsum Benefit:

Income Benefit, expressed as a percentage of Annualized Premium, will be paid to you, which varies by Your age at entry, premium amount, premium payment term and benefit payout period. Income Benefit (as a percentage of Annualized Premium) paid annually has been given in Annexure I.

Additionally, under this option, at the end of the Benefit payout period, a Guaranteed Lumpsum Benefit will also be payable.

Loyalty Additions:

For both benefit options, We will enhance Your Income Benefit every year during the benefit payout period by adding Loyalty Addition, provided all premiums have been paid during the Premium Paying Term
Refer to product brochure for further details.

Type of Plan and Eligibility

Disclaimer

* The guaranteed benefits are applicable only if all due premiums are paid. </span

^Tax benefits are subject to changes in tax laws. Please consult your tax advisor for more details

Life Insurance Coverage is available in this product

DBS Bank India Limited (IRDAI Registration Number: CA 0257) having the registered office at GF: Nos. 11 & 12, Capitol Point BKS Marg, Connaught Place, Delhi - 110001 is the Corporate Agent of Aditya Birla Sun Life Insurance Company Limited. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The Insurance product is underwritten by Aditya Birla Sun Life Insurance Company Limited. 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. Participation by the Bank’s customers in the insurance products is purely on a voluntary basis and is not linked to availment of any other facility from the bank. 

“The Trade Logo “Aditya Birla Capital” Displayed Above Is Owned By ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) And Used By ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the License.”

This is A Non-Linked Non-Participating Individual Savings Life Insurance Plan. 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. Tax benefits may be available as per prevailing tax laws. All policy benefits are subject to policy being in force. Policyholder and Life Insured can be different under this product. In all situations, it is ensured that the Policyholder has an insurable interest in the Life Insured.

Should you need any further information from us, please contact us on the below mentioned address and numbers or visit our website. For more details on risk factor terms and conditions, please read sales brochure before concluding the sale. 

Aditya Birla Sun Life Insurance Company Limited Registered Office: One World Centre, Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400 013. 1-800-270-7000 Website: https://lifeinsurance.adityabirlacapital.com IRDAI Reg No.109 CIN: U99999MH2000PLC128110   UIN:109N127V18 ADV/6/25-26/434

BEWARE OF SPURIOUS / FRAUD PHONE CALLS! IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint. 

How to Apply