ABSLI Vision Star Plan

Starting 5 years after the premium paying term is over; there will be an Assured Payout every two years.

Starting 5 years after the premium paying term is over; there will be an Assured Payout every year.

This plan helps you to get regular assured payouts for financing your grand/child’s education and securing their future, even in case of any eventuality. With its unique liquidity feature of assured payouts, bonus accumulation, and a guaranteed life insurance benefit, this product offers a perfect blend for taking care of all your financial needs.

You must have child insurance plan to secure your child’s goals. Uncertainty can strike at any time; it is a terrifying thought for any parent to leave their family without adequate means to lead a comfortable life. Through a child plan, your child’s future will be taken care of.

Starting early with this child insurance plan will secure the future of your child early on. This plan provides a long horizon to invest, helping you to periodically build wealth and will give you a corpus at each of your child’s milestones.

Like some of the best child plans, this plan provides tax benefits under section 80C and 10(10D) of the Income Tax Act, 1961¹.

¹Tax benefits are subject to changes in tax laws.

You can calculate your premium based on the age and life cover you wish to take through a premium calculator.

For added protection, you can enhance your insurance coverage during the policy term by adding the following riders for a nominal extra cost.

• ABSLI Accidental Death and Disability Rider (UIN: 109B018V03)
• ABSLI Critical Illness Rider (UIN: 109B019V03)
• ABSLI Surgical Care Rider (UIN: 109B015V03)
• ABSLI Hospital Care Rider (UIN: 109B016V03)
• ABSLI Waiver of Premium Rider (UIN: 109B017V03)
• ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V02)

You can buy this child plan online as well as offline.

Yes, this child insurance plan covers death benefit. In case of your unfortunate demise during the policy term, a pre-determined death benefit will be paid to your nominee. The policy will stand terminated once the death benefit is paid.

No, your premiums will not increase as per the age.

This plan offers the option to pay your premiums Annually, Semi-annually, Quarterly & Monthly. You also get a premium discount on high sum assured and a premium rebate on annual and semi-annual mode of payment.

ABSLI declares simple bonuses regularly at the end of each financial year and those will be accrued in the policy on its policy anniversary, surrender or on death. Bonuses once attached to the policy are payable along with the interim bonuses, as applicable on death, surrender or survival. In case of surrender, the surrender value of the attached bonuses will be payable. The regular bonus rate declared by the company may vary from year to year and will depend on the actual experience regarding various factors and the prevailing economic conditions. Future bonuses are however not guaranteed and will depend upon the future profits of the participating business.

As the name suggests, terminal bonus is added only on the maturity of the policy or on death based on actual experience and prevailing economic conditions. It is a one-time bonus that the insurer may declare for policyholders who have run the policy till its original term.