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^ - ABSLI Nishchit Aayush Plan (UIN No 109N137V05), Provided 0 year deferment & monthly income frequency is chosen at the time of inception of the policy. ADV/8/23-24/1409
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I agree to the Terms of Usage and Privacy Policy. By submitting my contact details here, I override my NDNC registration and authorize ABSLI to contact me by phone/e-mail/SMS/WhatsApp. Trade Logo "Aditya Birla Capital" displayed above is owned by ADITYA BIRLA MANAGEMENT CORPORATION PRIVATE LIMITED (Trademark Owner) and used by ADITYA BIRLA SUN LIFE INSURANCE COMPANY LIMITED (ABSLI) under the license. BEWARE OF SPURIOUS / FRAUD PHONE CALLS! IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint. ABSLI Nishchit Aayush is a non-linked non-participating individual savings life insurance plan (UIN No 109N137V05)

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Decreasing Sum Assured

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Definition:
Decreasing sum assured is a feature under the term plan in which the sum assured decreases every year by a percentage.
Description:
Decreasing the sum assured under the term insurance plan is a feature which is accepted by the insured to pay off their loan liabilities. The sum assured under the term plan indicates the amount of loan taken and the interest applicable.

The premium under the decreasing sum assured term plan is lesser than the normal term plan.

Decreasing sum assured term plans are used to pay off debts and loans. As the loan instalments are paid every year, the outstanding balance of loan reduces. This outstanding balance indicates a decreasing sum assured balance.
Example:
Amit purchased a term plan for 20 years with a decreasing sum assured Rs.20 lakhs. At the end of the policy year, the sum assured will decrease by 5%. At the end of the first policy year, the sum assured will be Rs.19 lakhs and so on. If after paying the premium for 6 years, Amit died, the reduced sum assured will be paid to the family dependents. It is because Amit had chosen a decreasing sum assured under the policy.
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ABSLI Salaried Term Plan
Exclusively For Salaried Individuals
4 Plan Options
Life Cover upto 70 years
Optional Accelerated Critical Illness benefit
Inbuilt Terminal Illness Benefit
Life Cover
₹1 crore
Premium:
₹492/month¹
  • Disclaimer

    ABSLI Salaried Term Plan (UIN:109N141V01) is a non-linked non-participating individual pure risk premium life insurance plan; upon Policyholder’s selection of Plan Option 2 (Life Cover with ROP) this product shall be a non-linked non-participating individual savings life insurance plan.
    1LI Age 21, Male, Non Smoker, Option 1: Life Cover, PPT: Regular Pay, SA: ₹ 1 Cr., PT: 10 years, Premium paying term: 10 years, Annual Premium: ₹ 5900/- ( which is ₹ 491.66/month) Premium exclusive of GST. On death, 1 Cr SA is paid and the policy terminates.
    ADV/5/22-23/289