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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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Premium Allocation Charge

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Definition
Premium Allocation Charges is a percentage of the first year of premium charged by life insurance company before allocating the policy. The charge includes the initial and commission expenses of the intermediary.
Description:
Premium Allocation Charges (PAC) is the percentage deducted from the premium. The amount is deducted even from the additional rider covers. PAC is also charged on the renewal premium however the quantum of deduction reduces every time the policy is renewed. Some insurance companies may charge PAC for the initial years like 5-7 years only.

Premium Allocation Charges vary with single premium plan or regular premium one. It also gets affected by the premium amount, payment mode and the premium frequency (monthly, quarterly, or yearly).

Example:
Let’s say the premium allocation charges are 12% on the premium of Rs.1 lakh under a ULIP. The insurance company will charge Rs.12,000/- and the balance amount of Rs.88,000 will be available for further allocation. A decided part will be consumed to offer the life insurance and the remaining will be invested in the market-linked products to grow the money.
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ABSLI Wealth Assure Plus
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  • Disclaimer

    9ABSLI Wealth Assure Plus plan for 30 years of a healthy male. Plan type: Classic. Investment option: Smart option. Risk Profile: Moderate. Payment frequency: Yearly. Basic annual premium: ₹24,000. Policy Term: 15 years. Premium paying term: 10 years. Refer to policy brochure for more details.
    ABSLI Wealth Assure Plus is a non-participating unit linked life insurance plan. (UIN: 109L120V02)
    ADV/9/22-23/1534