ABSLI 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

  • 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.
  • Two 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.
  • Loyalty Additions: Loyalty Additions as an additional boost to the Income Benefit pay-out
  • Guaranteed* Lumpsum Benefit: Guaranteed Lumpsum Benefit, if applicable, shall be payable at the end of the benefit pay-out period, to boost your savings.
  • Commutation Option: Flexibility to receive a discounted value of future survival benefits as a lump sum based on your needs.
  • Customizable Benefits: Option to enhance your insurance cover with appropriate riders at a nominal extra cost.

*Provided all due premiums are paid.

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 

This lump sum will be at least equal to the Sum Assured on Death less any instalments already paid. 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:


Income 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 with Lumpsum Benefit:

Income Benefit, expressed as a percentage of Annualized Premium, will be paid to you, which varies by Your age at ent, premium amount, premium payment term and benefit payout period.

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 eve 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

Product Specifications

Type of Plan

A Non-Linked Non-Participating Individual Savings Life Insurance Plan


All Individuals (Male | Female | Transgender)

Age of the Life Insured at Entry (age as on last birthday)


1* year (subject to minimum maturity age of 18 years)

* In case the Life Insured is a minor, the Policy will automatically vest once the life insured attains the age of majority. The risk coverage for the minors will start from the Date of Commencement of Risk.


60 years

Maturity Age of the Life Insured (age as on last birthday)


18 years


77 years

Premium payment term (PPT), Policy term (PT) and Benefit payout period

Premium payment term

Policy term

Benefit payout period^

5 years

5 | 6 | 7 | 8 | 9 | 10 years

20, 25, 30 years

6 years

6 | 7 | 8 | 9 | 10 | 11 years

20, 25, 30 years

8 years

8 | 9 | 10 | 11 | 12 | 13 years

20, 25, 30 years

10 years

10 | 11 | 12 | 13 | 14 | 15 years

20, 25, 30 years

12 years

12 | 13 | 14 | 15 | 16 | 17 years

20, 25 years

^The Benefit payout period commences after the end of the policy term, during which the Survival Benefit is payable to the Policyholder. It is chosen at Policy inception and cannot be changed thereafter.

Minimum Annualized Premium

Rs. 50,000

Maximum Annualized Premium

No Limit (subject to Board Approved Underwriting Policy)

Minimum Sum Assured

Rs. 5,50,000

Maximum Sum Assured

Subject to Board Approved Underwriting Policy

Benefit Options

The Policyholder at Policy inception can choose from the following two options:

  1. Income Only Benefit
  2. Income with Lumpsum Benefit

The Benefit Option is chosen at inception and cannot be changed thereafter

Benefit Payout Frequency

The Benefit Payout Frequencies available are Annual, Semi-Annual, Quarterly, Monthly


DBS Bank India Limited (IRDA of India 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. Assured Income Plus (UIN:109N127V11) 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 contents and product information of this web site are given strictly for your convenience and is indicative in nature and ‘as is’ received from the Insurer. Nothing contained herein is to be construed as advice, recommendation, offer for a policy or any other assistance. Bank does not guarantee that this website reflects latest amendments/ information at all times or at any time. Bank shall have no liability to the customer for any loss or damage of any kind incurred for reliance on the content and product information available on this website.

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.

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 / 1-860-267-1234 or our overseas customer service number 91-44-66854555 or write to us at [email protected]. Visit us at: www.dbs.com/in

Aditya Birla Sun Life Insurance:

“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. This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). 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 product shall also be available for sales through online channel. Tax benefits may be available as per prevailing 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. All policy benefits are subject to policy being in force. “We”, “Us”, “Our” or “the Company” or “ABSLI” means Aditya Birla Sun Life Insurance Company Limited. “You/you” or “Your/your” means the Policyholder. 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. For other terms and conditions, request your Agent Advisor or intermediaries for giving a detailed presentation of the product before concluding the sale. Should you need any further information from us, please contact us on the below mentioned address and numbers. 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: 109N127V11  ADV/7/23-24/1359

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

Apply now
for Aditya Birla Sun Life Insurance Assured Income Plus Plan
Locate us Visit us at your nearest DBS branch
Call 1860 267 1234 / 1800 209 4555 / +91 44 6685 4555