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Aditya Birla Sun Life Insurance Company Limited

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Aditya Birla Sun Life Insurance Company Limited

ABSLI Vision LifeIncome Plan

Build a legacy of financial security – steady income, comprehensive protection, and lifelong peace of mind.

Income for Life

Safety for your loved ones

Give 1.62 lakh for 8 years and get Rs 50.30 lakhs @ 4% and Rs. 87.04 lakhs1 @ 8% at maturity

Benefits of ABSLI Vision LifeIncome Plan

https://lifeinsuranceuat.adityabirlacapital.comundefined

Death Benefit

In the unfortunate event of the death of the life insured during the premium paying term, we shall pay to the nominee

https://lifeinsuranceuat.adityabirlacapital.comundefined

Survival Benefit

In the event the life insured survives to the end of the premium paying term, we shall pay to you:

Riders

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Accidental Death and Disability Rider

(UIN: 109B018V03)

Get additional protection for accident leading to death or disability at a nominal cost

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ABSLI Accidental Death Benefit Rider Plus

UIN: 109B023V02

Provides 100% of Rider Sum Assured as an additional lump sum amount in case of death due to accident of Life Insured.

Entry Age (age last birthday)

30 days* – 60 years

Policy Term

Whole Life to Age 100

Premium Paying Term

8 | 10 | 12 | 15 to 40 years

Minimum

Attained Age at end of Premium Paying Term is 18 or more

Maximum

Attained Age at end of Premium Paying Term is 75 or less

Minimum Sum Assured

Rs. 200,000

Minimum Premium

For PPT 8 | 10 | 12 years - Rs. 25,000 p.a.

For PPT 15 to 40 years - Rs. 3,880 p.a.

Premium Frequency

Annual, Semi-annual, Quarterly, Monthly

*risk commences from the first policy anniversary At inception, you need to choose the Sum Assured which represents the life cover during the entire policy term. Your premium will depend on the amount of the Sum Assured you select. For easy reference, your Sum Assured is banded as follows:

Sum Assured Band

Band 1

Band 2

Band 3

Sum Assured (Rs.)

200,000 to 399,999

400,000 to 799,999

800,000 +

How does ABSLI Vision LifeIncome Plan Work?

Product Card Image

Some benefits are guaranteed and some benefits are variable with bonuses based on the future performance of the participating business and economic conditions. If your policy offers guaranteed returns then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable returns then the illustrations on this page will show two different rates of assumed future investment returns. These assumed rates of return are not guaranteed and they are not the upper or lower limits of what you might get back as the value of your policy is dependent on a number of factors including future investment performance. In the illustration below, the Sum Assured is fully guaranteed. The Total Death Benefit is not guaranteed and is determined using assumed future investment returns of 4% and 8% as set by the Life Insurance Council.

Entry Age

35 years

Annualized Premium*

Rs. 21,603

Gender

Male

Premium Paying Term

15 years

Policy Term

Whole Life to age 100

Payment Frequency

Yearly

Sum Assured

Rs. 250,000

 

 


Policy Year End

Annualized Premiums

Paid to Date

Guaranteed

Non-Guaranteed Benefits

Total

Death

Benefit

Survival

Benefit

Maturity

Benefit

Reversionary

Bonus

Cash Bonus

Death Benefit

Maturity Benefit

at 4% p.a.

at 8% p.a.

at 4% p.a.

at 8% p.a.

at 4% p.a.

at 8% p.a.

at 4% p.a.

at 8% p.a.

1

21,603

250,000

-

-

375

10,750

-

-

250,375

260,750

-

-

2

43,205

250,000

-

-

750

21,500

-

-

250,750

271,500

-

-

3

64,808

250,000

-

-

1,125

32,250

-

-

251,125

282,250

-

-

4

86,410

250,000

-

-

1,500

43,000

-

-

251,500

293,000

-

-

5

108,013

250,000

-

-

1,875

53,750

-

-

251,875

303,750

-

-

6

129,615

250,000

-

-

2,250

64,500

-

-

252,250

314,500

-

-

7

151,218

250,000

-

-

2,625

75,250

-

-

252,625

325,250

-

-

8

172,820

250,000

-

-

3,000

86,000

-

-

253,000

336,000

-

-

9

194,423

250,000

-

-

3,375

96,750

-

-

253,375

346,750

-

-

10

216,025

250,000

-

-

3,750

107,500

-

-

253,750

357,500

-

-

15

324,038

330,032

-

-

5,625

161,250

5,625

161,250

335,657

491,282

-

-

16 to 64

324,038

330,032

12,500

-

-

-

375

10,750

330,407

340,782

-

-

65

324,038

330,032

12,500

330,026

-

-

375

10,750

330,407

340,782

411,276

411,276

* Premiums exclude underwriting extra premium, frequency loadings on premiums, the premiums paid towards the riders, if any and Goods and Service Tax. This is not a benefit illustration. Please visit our website or ask your financial advisor for the complete benefit illustration for your policy. **Exclusions**: We will pay the total premiums paid till date or surrender value available on the date of death, if higher in the event the life insured dies due to suicide, within 12 months from the date of commencement of risk under the policy or from the date of revival of the policy, as may be applicable provided the policy is inforce.

How to initiate Claim?

3 quick steps, everything online.

1
Fill basic details
2
Claim intimation
3
Document submission

More About Claims

Vision LifeIncome Plan FAQs

ABSLI Vision LifeIncome Plan is a traditional participating insurance plan. It is a perfect combination of regular guaranteed payouts, long-term savings and life insurance benefit. By way of its guaranteed regular income, bonus accumulation, and a guaranteed life insurance benefit this product offers the ultimate three-in-one solution for your financial needs.

This is a Sum Assured based plan; the premium amount payable depends on the gender, entry age of the life insured, the sum assured, the premium paying mode and the method of payment (ECS). The minimum premium payable is Rs. 1,00,000 p.a. for PPT 8 | 10 | 12 years and Rs. 3,880 p.a. for PPT 15 to 40 years. There is no maximum limit on the premium subject to underwriting.

Yes, you are eligible for premium rebates i.e. you pay lesser than the premium based on your choice of ‘Sum Assured’ ‘premium payment mode’ and ‘premium payment method’.

Sum Assured Rebate

For higher Sum Assured, you will get a premium rebate as explained below.

Sum Assured Band

Band 1

Band 2

Band 3

Sum Assured (Rs.)

200,000 to 399,999

400,000 to 799,999

800,000 +

Premium Rebate per 1000 SA

nil

2.50

3.50

Modal Rebate

You will get a modal rebate of 3% and 1.5% if your mode of premium payment is annual or semi-annual.

The premium is calculated based on tabular rate; which is then reduced by Sum Assured rebate, as applicable and modal rebate, as applicable. Refer below example for clarity.

ECS Rebate

ECS rebate is 3.0% irrespective of the payment mode. This rebate cannot be clubbed with the Modal rebate, i.e. In case of ECS opted on yearly and half yearly mode the total rebate offered will be 3.0%

No, you cannot increase or reduce your premiums during the policy tenure.

You can pay your policy premium annually, semi-annually, quarterly or monthly.

For annual and semi-annual installments - cash (up to Rs. 50,000), cheque, credit card, and direct debit.

Quarterly installments – ECS or credit card offline only

Monthly installments – ECS or salary deduction only (minimum two months premium required)

ECS includes standing instruction, direct debit and other automated payment modes.

Other Insurance Plans

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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.

  • https://lifeinsuranceuat.adityabirlacapital.comundefined

    Guaranteed Returns

  • https://lifeinsuranceuat.adityabirlacapital.comundefined

    Loan against policy for emergency situation

  • https://lifeinsuranceuat.adityabirlacapital.comundefined

    Flexibility of Investment Amount and Policy Term

KNOW MORE
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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.

  • https://lifeinsuranceuat.adityabirlacapital.comundefined

    Long term regular income for 20, 25 or 30 years

  • https://lifeinsuranceuat.adityabirlacapital.comundefined

    Fully Guaranteed Returns on your investment

  • https://lifeinsuranceuat.adityabirlacapital.comundefined

    Loyalty Additions

KNOW MORE

# Provided all due premiums are paid
1 ABSLI Vision Life Income Plan, healthy male, age 21, Sum Assured Rs.10 lakhs. Annualised Premium of Rs.1.62 lakhs approx for premium payment term: 8 years, policy term: 79 years, lump sum benefit of Rs.12000 @4% or Rs.3.44 lakhs @8% in 8th policy year, guaranteed regular income of Rs.50,000 plus bonus for life from 9th year.
2 Some benefits are guaranteed and some benefits are variable with bonuses on the future performance of the participating business and economic conditions.
3 Annualized premium shall be the premium amount payable in a year chosen by the policyholder, excluding the taxes, rider premiums, underwriting extra premiums and loadings for modal premiums, if any.
4 Total Premiums paid means total of all the premiums received, excluding any extra premium, any rider premium and taxes.
5 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.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a traditional participating endowment plan. All terms & conditions are guaranteed throughout the policy term, except for the bonuses which would be declared at the end of each financial year. 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 brochure contains only the salient features of the plan. For further details please refer to the policy contract. As per extant tax laws, this plan offers tax benefits5 under Section 80C, 80D and Section 10(10D)** of the Income Tax Act, 1961, subject to fulfillment of the other conditions of the respective sections prescribed therein.
**As per Section 10(10D) of the Income-Tax Act, 1961, proceeds from life insurance policy issued on or after 1 April 2023 shall be taxable as income from other sources if the cumulative annual premium payable by taxpayer for life insurance policies exceeds ₹ 5 lacs.
UIN: 109N079V06
ADV/7/23-24/1078