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Aditya Birla Sun Life Insurance Company Limited
Aditya Birla Sun Life Insurance Company Limited
ABSLI Assured FlexiSavings Plan
Guaranteed returns plan with unlimited withdrawals
Guaranteed¹ Annual Income
Income Boosters of 5%
Give ₹50000⁴ for 5 years and
Get ₹4.88 lakhs
Why buy ABSLI Assured FlexiSavings Plan?
Key Features
Guaranteed1 Annual Income benefits after the completion of deferred period5.
Income Booster of 5% of the accrued amount each year.
Flexibility to choose between 2 benefit options: a) Income only benefit b) Income benefit with Return of Premium.
Loyalty Additions
Enjoy a 10% additional benefit on total premiums paid.
Benefits of ABSLI Assured FlexiSavings Plan
ABSLI Assured FlexSavings Plan provides you benefit of annual income along with the flexibility of unlimited withdrawals.
Survival Benefit
The policyholder gets many benefits after surviving the policy term provided all premiums are paid and the policy is in force. The policy gives you annual income accrued at the beginning of
Maturity Benefit
The maturity benefit is a combination of the accrued amount, the loyalty addition, and the enhanced return of premium. It is payable at the end of the policy term.
|
Particulars |
Minimum |
Maximum |
|
Type of Plan |
A non-linked, non-participating, individual life insurance plan. | |
|
Coverage |
All Individuals (Male|Female|Transgender) | |
|
Entry Age of the Life Insured |
|
60 years |
|
Maturity Age of the Life Insured |
18 years |
86 years |
|
Premium Paying Term |
5years|8 years|10 years|12 years | |
|
Deferred Period |
2 years after completion of PPT | |
|
Policy Term (PT) |
| |
|
Payment Mode |
Annual, semi-annual, quarterly, and monthly modal loading is applicable as per the rates given below:
| |
|
Minimum Annualized Premium |
Rs.50,000 p.a. | |
|
Maximum Annualised Premium |
No Limit (subject to board approved underwriting policy) | |
|
Minimum Sum Assured |
Rs.5,50,000/- | |
Guaranteed Returns Plan is incomplete without riders
Riders make your plan better for life
ABSLI Accidental Death Benefit Rider Plus
UIN: 109B023V02
This rider provides 100% of Rider Sum Assured as an additional lump sum amount in case of death due to accident of Life Insured.
Download Brochure 
ABSLI Critical Illness Rider
UIN: 109B019V03
This rider provides lump sum on survival of 30 days from the date of diagnosis of any of the specified critical illnesses. This rider is only applicable for a Life Insured aged 18 years and above and the rider Policy Term cannot exceed the base Policy Term.
Download Brochure
Download Brochure
Download Brochure 
Download BrochureHow does ABSLI Assured FlexiSavings Plan Work?
Learn with an example.
Use Case 1
Use Case 2
Use Case 3
Mr. Sharma, aged 35 years invests Rs.1 lakh in ABSLI Assured FlexiSavings Plan. He opted for a 12 years premium payment term and a 26 years policy term.
Income Booster is 5% p.a. on Accrued Amount. Under the plan, annual income accrual is 105% of Annualised Premium.
The total premium paid in 12 years is equal to Rs.12 lakhs.
After surviving the policy term Mr. Sharma will receive a Guaranteed Income Benefit of Rs.35,13,579/-. The amount is deduced from Accrued Amount (Rs.17,54,863/- made of Annual Income + Income Booster)+ Enhanced Return of Premium Paid which is Rs.13,20,000/-.Apart from this, the policy also earns Loyalty Additions 25% of Accrued Amount Rs.4,38,716/-.
Sure of buying a guaranteed returns plan?
You are on the right path.
How to initiate Claim?
3 quick steps, everything online.
1
Fill basic details
2
Claim intimation
3
Document submission
Other Insurance Plans
ABSLI Fixed Maturity Plan
ABSLI Fixed Maturity Plan is a life insurance savings plan which gives you a financial guarantee to fulfil your dreams while providing you with a life cover which safeguards your family in case of an eventuality.
Guaranteed Returns
Loan against policy for emergency situation
Flexibility of Investment Amount and Policy Term
ABSLI Assured Income Plus
Aditya Birla Sun Life Insurance Assured Income Plus provides the benefit of life insurance cover during the Policy Term and guaranteed income for 20, 25 or 30 years to ensure fulfilment of your family’s long term goals and aspirations.
Long term regular income for 20, 25 or 30 years
Fully Guaranteed Returns on your investment
Loyalty Additions
Assured FlexiSavings Plan FAQs
We have got you answered here for the ABSLI Assured FlexiSavings Plan
The Assured Flexi Savings Plan from ABSLI is a life insurance policy that provides you the guaranteed returns to help achieve your financial goals and the flexibility to access your corpus through unlimited withdrawals.
Yes, death due to Covid-19³ is covered under ABSLI Assured FlexiSavings Plan. The death benefit will be payable to the nominee of the policyholder as mentioned in the policy at the inception.
You can use flexible withdrawals or guaranteed incomes under ABSLI Assured FlexiSavings Plan to pay your child’s fees, family vacation, repay loans, etc
This life insurance savings plan allows you to choose among different premium-payment and policy terms. Select from any of the following options:
- Premium payment term of 5 years with a policy term of 15 & 17 years
- Premium payment term of 8 years with a policy term of 20 years
- Premium payment term of 10 years with a policy term of 22 years
- Premium payment term of 12 years with a policy term of 26 years You can also enhance your insurance cover with the help of additional riders.
If you lose the original policy document, the policyholder or the claimant will have to provide the Indemnity Bond for loss of Policy document executed on Rs. 200 stamp paper duly notarized. For more details, you can visit here.
1 Provided all due premiums are paid.
2 Tax benefits are subject to changes in tax laws. Kindly consult your financial advisor for more details.
3 Our life insurance policies cover COVID -19 claims under life insurance claims, subject to applicable terms & conditions of policy contract and extant regulatory framework.
4 ABSLI Assured FlexiSavings Plan, healthy male, age 21 years, premium paying term 5 years, policy term 15 years, Annual Premium Rs.50,000 (Rs.2,50,000/-), Get Rs.2,75,000 as enhanced Return of premium on maturity, Get Rs.42,613 as loyalty additions, Income Booster 5%.
5Deferred period is the time from when a person has become unable to work until the time that the benefit begins to be paid.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). 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. The insurance cover for the life insured (including minors) will commence on the policy issue date. For further details, please refer to the policy contract. Tax benefits are subject to changes in the 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. UIN: 109N126V03 ADV/6/22-23/476