Everyone in their life wants to look after the well-being of one’s family members. You strive hard to earn and fulfil every dream of your loved ones under all circumstances. In today’s world, given the unpredictable circumstances, you want to ensure that your family’s financial future is protected, and their dreams are secured. Presenting ABSLI Guaranteed Milestone Plan which recognises that guaranteeing your family’s happiness is of paramount importance to you and helps you fulfil your responsibilities even in your absence.
Fully guaranteed* benefits on death or maturity.
Guaranteed Additions that boost your corpus year on year.
Option to cover your spouse by choosing Joint Life Protection by paying an additional premium.
Tax Benefits# under Section 80C, 80D & Section 10(10D) of the Income Tax Act 1961 advisor for details.
**Provided all due premiums are paid.
# 2Tax benefits are subject to changes in tax laws. You are advised to consult your tax
In case of the unfortunate demise of the life insured during the policy term, the Sum Assured on Death will be paid to the nominee in 10 equal annual instalments. Sum Assured on Death will be highest of:
“Total Premiums Paid” means total of all the premiums received, excluding any extra premium, any rider premium and taxes.
Under this option, two lives i.e. you (prima‑ life insured) and your spouse (seconda‑ life insured) are covered under the same policy and also jointly own the policy. The sum assured applicable for your spouse shall be equal to 20% of your applicable sum assured. You can opt for this option at the inception of the policy subject to the attained age of prima‑ life insured & seconda‑ life insured is less than or equal to 50 years. No rider can be opted under this option and this option cannot be discontinued except due to the unfortunate demise of either of the lives who are insured.
Unfortunate death of the primary life insured prior to the secondary life insured:
Unfortunate death of the secondary‑ life insured prior to the prima‑ life insured.
Unfortunate death of both the primary and secondary life insured together.
Refer to product brochure for further details.
In the event the life insured survives to the end of the policy term, we shall pay to you .
Sum Assured on maturity is the amount which is guaranteed to become payable on maturity of the policy, in accordance with the terms and conditions of the policy and is equal to total premiums payable under the policy, excluding any extra premium, any rider premium and taxes. Refer to product brochure for further details.
Guaranteed Additions will accrue on monthly basis to the policy on each policy month till maturity; provided all due premiums have been paid and shall be payable in event of death of life insured or policy maturity whichever is earlier. Guaranteed Additions per annum shall be determined based on the premium amount you commit to pay, premium band, sum assured, the entry Age of the life insured, Joint Life Protection option and policy term chosen. In case of Joint Life Protection option, the Guaranteed Additions shall accrue on the sum assured applicable for the prima‑ life insured and shall be payable on policy maturity. Please ask your financial advisor for an illustration of the Guaranteed Additions applicable to your policy or refer to your policy contract for
Ent‑ Age (age last birthday): |
30 days - 60 years |
Policy Term: |
12, 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 |
Minimum Maturity Age: |
18 years |
Minimum Premium: |
15,000 |
Sum Assured: |
15 x Annualized Premium |
Minimum Sum Assured: |
2,25,000 |
Minimum Sum Assured on Maturity: |
90,000 |
Premium Mode: |
Annual, Semi-Annual, Quarterly and 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, 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. Guaranteed Milestone Plan (UIN: 109N106V11) 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 (Guaranteed Milestone Plan; UIN: 109N106V11) 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: 109N106V11 ADV/7/23-24/1271
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.