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Aditya Birla Sun Life Insurance Company Limited

ABSLI SecurePlus Plan

Protecting and Prioritizing your family`s short-term goals with flexibility.

Guaranteed² Income

Loyalty Additions

Give ₹50 K/year for 12 years
Get ₹1.95 lakh/year for 6 years³

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Why buy ABSLI SecurePlus Plan?

Aditya Birla Sun Life Insurance SecurePlus Plan helps keep your income at pace with your needs and goals that secures your financial future.

Key Features

Guaranteed² Income: Get regular flow of guaranteed² income for your chosen Benefit Payout Period to safeguard your savings.
Loyalty Additions: Loyalty Additions as an additional boost to your Income Benefit pay-out.
Commutation Option: Flexibility to receive a discounted value of future survival benefits as a lump sum based on your needs.
Customizable Benefits: Option to enhance your insurance cover through riders, which are available at a nominal extra cost.

Benefits of ABSLI SecurePlus Plan

ABSLI Assured Income Plus benefits you with guaranteed² regular income for the long term in future.

Survival Benefit

On Survival of life insured, provided all due premiums have been paid, Survival Benefit in the form of Guaranteed Income will be paid at the end of each year starting from the first policy year (if ‘0 Year’ deferment is chosen) until Policy Maturity.

Maturity Benefit

At the end of the Policy Term, this plan provides flexibility to use the commutation option wherein, at any time on or after end of the Policy Term, if the policy holder would like to get a lump sum instead of the Income Benefits, the commuted value of the outstanding benefits shall be paid as a lump sum.

This lump sum will be at least equal to the Total Premiums Paid less Survival Benefit, if any, already paid. The commutation option can also be exercised by the Nominee/legal heir after the death of the Policyholder.

Death Benefit

In case of death of the Life Insured anytime during the Policy Term, provided the Policy is in-force and not under Lapsed or Reduced Paid Up mode, We will pay the “Sum Assured on Death” to Your nominee/beneficiary:

Tax Benefit

You may be entitled to certain applicable tax benefits on the premiums paid and benefits received under Your Policy. Please note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by you. It is advisable to seek an independent tax advice.

Rider Benefit

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

Staggered Death Benefit Option

The nominee/beneficiary will have an option to receive the Death Benefit in annual/monthly installments payable at the end of the year/month instead of a lump-sum, over a period of 5 years as per the percentages given below:

Enhance ABSLI SecurePlus Plan with Riders

Enhance your cover with Riders at nominal additional premium

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. Additionally, the rider premiums collected aﬅer the date of Accident till date of death, shall be refunded with interest, along with death benefit payable. This rider is only applicable for a Life Insured aged 18 years & above and the rider policy term cannot exceed the base policy term.

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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.

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ABSLI Surgical Care Rider

UIN: 109B015V03

This rider provides lump sum benefit in case of hospitalization for a minimum period of 24 hours for undergoing medically necessary surgery in India. 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.

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ABSLI Hospital Care Rider

UIN: 109B016V03

This provides daily cash benefit in case of hospitalization for a minimum period of 24 hours for medically necessary treatment of any Illness or Injury payable from the first day for the duration of hospitalization. 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.

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ABSLI Waiver of Premium Rider

UIN: 109B017V03

This rider waives off all future premiums of the base plan and the attached riders throughout the rest of the premium payment in case of diagnosis of Critical Illness, Disability or Death (only if Life Insured is a minor i.e. below 18 years of age and is different from the Policyholder).

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How does ABSLI SecurePlus Plan Work?

He chooses to receive his Income Benefit annually. His Sum Assured is Rs 12,50,000.
Mr. Sharma survives through the Policy Term and receives Income Benefits throughout the Benefit Payout Period.
He opts for 12 years Premium Payment Term with 13 years Policy Term and 12 years of Benefit Payout Period.
Mr. Sharma aged 35 years invested ₹1,00,000 per annum in ABSLI SecurePlus Plan

View Illustration

He chooses to receive his Income Benefit annually. His Sum Assured is Rs 12,50,000.
Mr. Sharma dies in the 7th year of the policy during his Premium Payment Term, his nominee will receive the Death Benefit.
Mr. Sharma aged 35 years invested ₹1,00,000 per annum in ABSLI SecurePlus Plan
He opts for 12 years Premium Payment Term with 13 years Policy Term and 12 years of Benefit Payout Period.

View Illustration

Want Guaranteed Income Benefits To Secure Your Future?

Buy ABSLI SecurePlus Plan Now.

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Product Specifications

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 (age as on last birthday)

Minimum

1* year

* 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 policy issue date.

Maximum

60 years

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

Minimum

18 years

Maximum

77 years

Premium Payment Term (PPT), Policy Term (PT) and Benefit Payout Period

Premium Payment Term (PPT)	Policy Term (PT)	Benefit Payout Period
6 years	6/7/8/9/10/11 years	6/8/10/12 years
8 years	8/9/10/11/12/13 years	6/8/10/12 years
10 years	10/11/12/13/14/15 years	6/8/10/12 years
12 years	12/13/14/15/16/17 years	6/8/10/12 years

Note:-

The PPT and PT once chosen at policy inception, cannot be changed thereafter.
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.

Premium Payment Frequency and Modal Factors

Annual | Semi-Annual | Quarterly | Monthly

Mode	Annual	Semi-annual	Quarterly	Monthly
Modal Factors	0.0%	3.5%	5.0%	6.0%

Minimum Annualized Premium

Rs. 50,000

Maximum Annualized Premium

No Limit (subject to Board Approved Underwriting Policy)

Minimum Sum Assured

Rs 3,50,000

Maximum Sum Assured

No Limit (subject to Board Approved Underwriting Policy)

Premium bands

The benefits under this product vary by premium bands as mentioned below:

Premium Bands

Band 1

Band 2

Band 3

Band 4

Band 5

Band 6

Annualized Premium

(in Rs.)

50,000 to 74,999

75,000 to 1,49,999

1,50,000 to 2,99,999

3,00,000 to 4,99,999

5,00,000 to 24,99,999

25,00,000+

What’s not Covered?

Suicide Exclusion

If the Life Insured dies by suicide within 12 months of the effective date of commencement of risk 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

More About Claims

SecurePlus Plan FAQs

Know more about ABSLI SecurePlus Plan in detail here:

What are the key features of ABSLI SecurePlus Plan?

Key features of ABSLI SecurePlus Plan are:

Guaranteed² Income: Regular flow of guaranteed² income for the chosen Benefit Payout Period to safeguard savings.
Loyalty Additions: Loyalty Additions as an additional boost to the Income Benefit pay-out.
Commutation Option: Flexibility to receive a discounted value of future survival benefits as a lump sum based on ones needs.
Customizable Benefits: Option to enhance the insurance cover through riders, which are available at a nominal extra cost.

What is the age criteria for this Plan?

Anyone meeting the following criteria is eligible for ABSLI SecurePlus Plan:
- Age at entry: 1 to 60 years (age last birthday)

What is the maximum maturity age applicable for the policy?

ABSLI SecurePlus Plan has a maximum maturity age of 77 years.

What is the minimum and maximum Sum Assured under this plan?

The minimum Sum Assured is Rs. 3,50,000. There is no limit on the maximum Sum Assured, however it is subject to the Board Approved Underwriting Policy.

What is the Premium Payment Term, Policy Term & Benefit Payout Period available under the plan?

The Premium Payment Term, Policy Term & Benefit Payout Period applicable is as follows:

Premium Payment Term (PPT)	Policy Term (PT)	Benefit Payout Period
6 years	6, 7, 8, 9, 10, 11 years	6, 8, 10, 12 years
8 years	8, 9, 10, 11, 12, 13 years	6, 8, 10, 12 years
10 years	10, 11, 12, 13, 14, 15 years	6, 8, 10, 12 years
12 years	12, 13, 14, 15, 16, 17 years	6, 8, 10, 12 years

Can Income Benefits under this plan be received semi-annually, quarterly, monthly?

Yes, the customer/policyholder can opt to receive the Benefit Payout Frequency in Annual or Semi-Annual or Quarterly or Monthly instalments.

What is the minimum premium under the plan?

The minimum annualized premium is Rs. 50,000 for all PPTs.

The premium amount chosen will be payable every year for the premium paying term.

Will the policyholder be eligible for Loyalty Additions if he/she has not paid the premiums in full?

No, Loyalty Addition is applicable only for policies that have paid all the due premiums under the policy.

Can Policyholder avail of tax benefits under this plan?

As per extant tax laws, this plan offers tax benefits under Section 80C, 80D (for specific rider premium) and Section 10(10D) of the Income Tax Act, 1961. Please note that all the tax benefits are subject to tax laws prevailing at the time of payment of premium or receipt of benefits by policyholder. It is advisable to seek an independent tax advice.

There are exclusions attached to the riders. Please refer rider brochure for more details.

Does this plan cover death due to COVID19?

Yes, provided there is no non-disclosure on the COVID Q. Please ensure that the COVID questionnaire is filled.

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Disclaimer

¹Tax benefits are subject to changes in the tax laws. You are advised to consult your tax advisor for the same.
²Provided all due premiums are paid
³ABSLI SecurePlus Plan, Healthy male age: 21 years. Premium Payment Term 12 years, Annual Premium Rs.50,000/-,policy term 15 years, Payment Frequency: Annually, benefit payout period: 6 years, Get Income Benefit of Rs.1,30,600/- +Loyalty Additions of Rs.65,300= Regular Income of Rs.1,95,900 p.a for 6 years.
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 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.
UIN: 109N102V10
ADV/5/24-25/343