ABSLI Assured Income Plus
Guaranteed Returns2
long term regular income
Give ₹1.2 lakhs/year for 12 years and Get Guaranteed2 Benefit of ₹46.20 lakhs1
Why buy ABSLI Assured Income Plus?
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Fully Guaranteed2 Returns on your investment.
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Long-term regular income for 20, 25 or 30 years to ensure fulfilment of recurring needs.
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2 Options to choose benefits under the policy, Income Only Benefit or Income with Lumpsum Benefit.
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Loyalty Additions as an additional boost to the Income Benefit pay out.
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Flexibility to receive a discounted value of future survival benefits as a lumpsum based on your needs
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Option to enhance your cover with appropriate riders.
Benefits of ABSLI Assured Income Plus
ABSLI Assured Income Plus gives you the benefit of guaranteed² regular income long into the future.
Plan Options
ABSLI Assured Income Plus offers two plan options to choose from
Enhance ABSLI Assured Income Plus with Riders
Enhance your cover with Riders at nominal additional premium
Download Brochure
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Product Specifications |
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Type of Plan |
A Non-Linked Non-Participating Individual Savings Life Insurance Plan |
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Coverage |
All Individuals (Male | Female | Transgender) |
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Age of the Life Insured at Entry (age as on last birthday) |
Minimum |
1* year (subject to minimum maturity age of 18 years) * In case the Life Insured is a minor, the Policy will automatically vest once the life insured attains the age of majority. The risk coverage for the minors will start from the Date of Commencement of Risk. |
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Maximum |
60 years |
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Maturity Age of the Life Insured (age as on last birthday) |
Minimum |
18 years |
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Maximum |
77 years |
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Premium payment term (PPT), Policy term (PT) and Benefit payout period |
^The Benefit payout period commences after the end of the policy term, during which the Survival Benefit is payable to the Policyholder. It is chosen at Policy inception and cannot be changed thereafter. |
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Minimum Annualized Premium |
Rs. 50,000 |
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Maximum Annualized Premium |
No Limit (subject to Board Approved Underwriting Policy) |
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Premium Payment Modes and Modal Factors |
Annual | Semi-Annual | Quarterly | Monthly
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Minimum Sum Assured |
Rs. 5,50,000 |
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Maximum Sum Assured |
Subject to Board Approved Underwriting Policy |
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Benefit Options |
The Policyholder at Policy inception can choose from the following two options:
The Benefit Option is chosen at inception and cannot be changed thereafter |
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Benefit Payout Frequency |
The Benefit Payout Frequencies available are Annual, Semi-Annual, Quarterly, Monthly |
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How does ABSLI Assured Income Plus Work?
Learn with an example. Lead by an example.
- Mr. Sharma aged 35 years invested ₹1,00,000 per annum in ABSLI Assured Income Plus for "Income only Benefit" Option.
- He opted for 8 years of premium payment term with 9 years policy term and 30 years of benefit payout period. Mr. Sharma chose to receive Income Benefit Annually.
- Mr. Sharma survived the policy period and received Income Benefits throughout the payout period.
- Mr. Sharma aged 35 years invested Rs.1,00,000 per annum in ABSLI Assured Income Plus for "Income with Lumpsum Benefit" Option.
- He opted for 8 years of premium payment term with 9 years policy term and 30 years of benefit payout period. Mr. Sharma chose to receive Income Benefit Annually. Total premium paid in 8 years is Rs.8 lakhs.
- Mr. Sharma survived the policy term and received Income Benefit throughout the benefit payout period along with Guaranteed Lumpsum Benefit at the end of the benefit payout period.
Want Long-term Guaranteed Income Benefits?
What’s not Covered?
If the Life Insured dies by suicide within 12 months of the effective date of risk commencement or the date of revival of Policy, the Policy shall terminate immediately. In such cases, the Company shall pay higher of Surrender Value or (total premiums paid plus underwriting extra premiums paid plus loadings for modal premiums paid excluding applicable taxes) in case the Policy has acquired a surrender value; or Total Premiums Paid plus underwriting extra premiums paid plus loadings for modal premiums paid excluding applicable taxes in case the Policy has not acquired a surrender value.
How to initiate Claim?
3 quick steps, everything online.
- Fill basic details
- Claim intimation
- Document submission
Frequently Asked Questions
Know more about Assured Income Plus in detail here:
- Visiting any nearest branch
- Visiting our website and intimate the claim by clicking the link here.
- Sending an intimation email (claims.lifeinsurance@adityabirlacapital.com) or letter with all the relevant documents to the company.
- Guaranteed Lumpsum Benefit: Guaranteed² Lumpsum Benefit, if applicable, shall be payable at the end of the benefit payout period, to boost your savings.
- Long-Term Income: Get guaranteed regular income for a period of 20, 25 or 30 years to ensure fulfilment of your recurring needs in the long term.
- Twin Benefit Options: Flexibility to choose between two benefit options i.e. a) Income only Benefit or b) Income with Lumpsum Benefit– in line with Your financial needs.
- Loyalty Additions: Loyalty Additions as an additional boost to the Income Benefit pay-out.
- Customizable Benefits: Option to enhance Your insurance cover with appropriate riders at a nominal extra cost.
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Age of the Life Insured at Entry (age as on last birthday) |
Minimum |
1* year (subject to minimum maturity age of 18 years) * In case the Life Insured is a minor, the Policy will automatically vest once the life insured attains the age of majority. The risk coverage for the minors will start from the Date of Commencement of Risk. |
- Where the Policy has acquired the Surrender Value, higher of Surrender Value or (Total Premiums paid plus underwriting extra premiums paid plus loadings for modal premiums paid excluding applicable taxes) till date of death.
- Where the Policy hasn’t acquired the surrender value, Total Premiums paid plus underwriting extra premiums plus loadings for modal premiums paid excluding applicable taxes) till date of death.
Other Insurance Plans
Guaranteed Returns
Loan against policy for emergency situation
Flexibility of Investment Amount and Policy Term
Loyalty Additions to boost maturity corpus
Comprehensive life insurance cover
Option to cover your spouse by choosing Joint Life Protection
Whole life cover up to age 100
Short premium paying term available
Income for whole life
Life cover up to a maximum of age 100
Option to enhance your insurance cover through riders
Option to get cash-in-hand even while paying premiums
Commutation Option
Loyalty Additions
Customizable Benefits
Income Booster of 5% of the accrued amount each year
Loyalty additions
Enjoy a 10% additional benefit on total premiums paid
Inbuilt accidental death benefit
No medical tests required
Easy and convenient to buy
Comprehensive financial protection of your family
Accrued regular bonuses to augment your savings
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Disclaimer
# Life insurance coverage is available on this product.
1 Scenario: Healthy male age 21 years, premium paying term 12 years, policy term 13 years, benefit payout period 20 years, payment frequency annually, Assured Benefit Option: Income with Lumpsum Benefit, Sum Assured Rs.16.68 lakhs, Premium Rs.1.2 lakhs/ year- excluding GST), you get Rs.46.20 lakhs by age 54
2 Provided all due premiums are paid.
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.
$ The values shown are for illustrative purpose only. Some benefits are guaranteed and some benefits are variable with returns based on the future performance of your insurer carrying on life insurance business. If your policy offers guaranteed benefits then these will be clearly marked “guaranteed” in the illustration table on this page. If your policy offers variable benefits 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.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a Non-Linked Non-Participating Individual Savings Life Insurance Plan. 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. Where the Life Insured (whether major or minor) and Proposer/Policyholder is different, on the death of the Proposer/Policyholder, his legal heirs, in accordance with the existing succession laws, will be considered as new Proposer/Policyholder. As there is no death benefit payable on the death of the Proposer/Policyholder, the policy status does not change, and the policy continues. This product shall also be available for sales through online channel. Tax benefits are subject to changes in 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: 109N127V14
ADV/5/24-25/342
