At a Glance

We all find comfort in having certainty in life. However, today’s inflation & volatile markets may act as a roadblock for your family’s dreams and aspirations.

Introducing ABSLI Assured FlexiSavings Plan, a guaranteed plan providing the benefit of life insurance cover along with helping you build a corpus with annual income received every year, during the Policy Term. It also provides you with the flexibility of unlimited withdrawals. It also offers you short flexible premium payment terms, to fit your requirements and fulfil your life goals.

 

Key Features

  • Fully guaranteed returns on your savings
  • Flexibility of unlimited withdrawals as per your need
  • Comprehensive protection through life cover
  • Tax Benefits

Provided all premiums are paid.

Up to 105% of Annualized Premium accrued yearly, Income Boosters of 5% p.a., Loyalty Additions of up to 25% of Accrued Amount at the end of the policy term, and 110% of Total Premiums Paid at the end of the Policy Term.

Tax benefits are subject to changes in tax laws.


Illustration2

GenderAgePremium paying termPolicy termDeferment periodAnnual premiumAccrued amountLoyalty AdditionsEORP
Male35 years12 years26 years2 years1,00,000 (excl GST)17,54,863@25% - Rs. 4,38,71613,20,000

The above illustration is provided all premiums are paid and without withdrawals during the policy term.

 

Key Benefits

Death Benefit:

In case of the life insured's unfortunate demise during the policy period, the death benefit will be paid to the nominee in either of the following ways:

Sum Assured on Death; plus

Accrued Amount if any under the policy

where Sum Assured on Death is defined as higher of the following:

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

Option to receive Staggered Death Benefit:

The Nominee will have an option to receive the amount of Death Benefit in Annual/Monthly instalments instead of a lump-sum, over a period of 10 years as per the percentages given below:

Instalments FrequencyAnnualMonthly
Instalment (as % of Death Benefit)12.18%1.035%
Total payments (as % of Death Benefit)121.18%124.2%

For more details on the death benefit, please refer the product brochure.


Maturity Benefit

The Maturity Benefit shall be the combination of Accrued Amount, Loyalty Additions & Enhanced Return of Premium benefit payable at the end of the Policy Term.

Customisable Benefit:

You can enhance your insurance cover during the policy term by adding the following riders for a nominal extra cost.

ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V02)
ABSLI Surgical Care Rider (UIN: 109B015V03)
ABSLI Waiver of Premium Rider (UIN:109B017V03)
ABSLI Critical Illness Rider (UIN: 109B019V03)
ABSLI Hospital Care Rider (UIN: 109B016V03)

 

Eligibility

Type of Plan

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

Coverage

All Individuals (Male | Female | Transgender)

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

Minimum

4 years for Policy Term 26 years
6 years for Policy Term 22 years
8 years for Policy Term 20 years
11 years for Policy Term 17 years

Maximum

60 years

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

Minimum

18 years

Maximum

86 years

Premium Paying Term (PPT)

5 years / 8 years / 10 years / 12 years

Deferred Period

2 years after completion of the Premium Payment Term

Policy Term (PT)

For 5 years PPT - 17 years Policy Term
For 8 years PPT - 20 years Policy Term
For 10 years PPT - 22 years Policy Term
For 12 years PPT - 26 years Policy Term

Premium Payment Modes and Modal Loading

Annual | Semi-Annual | Quarterly | Monthly

Mode

Annual

Semi-Annual

Quarterly

Monthly

Modal Loading

0.0%

1.0%

1.5%

3.5%

Minimum Annualized Premium

Rs. 50,000 p.a

Maximum Annualized Premium

No Limit (subject to Board Approved Underwriting Policy)

Minimum Sum Assured

Rs. 5,50,000

 

Disclaimer

“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.”

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. 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.

This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-linked non-participating individual life insurance 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. For policies issued on minor life, the date of commencement of risk shall be the date of commencement of the policy. Where a policy is issued on a minor life, the policy will vest After attainment of majority of the Life Insured. This product shall also be available for sales through online channel. Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions please read the sales brochure carefully before concluding the sales. 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. 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 - 400 013. 1-800-270-7000 www.adityabirlasunlifeinsurance.com IRDAI Reg No.109 CIN: U99999MH2000PLC128110 UIN: 109N126V02 ADV/11/20-21/1569.

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.

Disclaimer

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 (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. DBS Bank India Limited (Bank) does not underwrite the risk or act as an insurer. The ABSLI Assured FlexiSavings Plan with UIN: 109N126V02 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. ISNP registration valid.

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 customercareindia@dbs.com. Visit us at: www.dbs.com/in

UIN: 109N126V02

 

How to Apply

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

Thank you. Your feedback will help us serve you better.

Was this information useful?

Thank you for your feedback
Let us know how this article helped:
We're sorry to hear that.
How can we do better?
Enter only letters, numbers or @!$-(),.