Overview
Everyone in their life wants to look after the well - being of one’s family members. You strive hard to earn and fulfill every dream of your loved ones under all circumstances. In today’s world, given the unpredictable circumstances, you want to ensure that your family’s financial future is protected, and their dreams are secured.
Presenting ABSLI Guaranteed Milestone Plan which recognises that guaranteeing your family’s happiness is of paramount importance to you and helps you fulfil your responsibilities even in your absence.
Illustration
| Age |
Gender |
Basic Sum Assured |
Policy Term |
Premium Paying Term |
Premium Paid (Per annum) |
Total Premium Paid (8 yrs.) |
Maturity Benefit |
| 35 |
Male |
7,50,000 |
18 |
8 |
50,000 |
400,000 |
1,349,104 |
For life insured age of 35 yrs at the time of purchasing the policy with policy term 18 yrs and premium paying term 8 yrs. Additional benefits are available at additional cost. Premium rates are exclusive of GST.
Details
|
Entry Age (age last birthday)
|
30 days* – 60 years
* risk commences from the first policy anniversary
|
|
Policy Term
|
12, 14, 16,18, 20, 22, 24 & 26 years,
|
|
Minimum Basic Sum Assured (BSA)
|
Rs. 2,25,000
|
|
Minimum Premium
|
Rs. 15,000
|
|
Sum Assured
|
15 X Annual Premium
|
|
Minimum Maturity Age
|
18 years
|
|
Minimum Maturity Sum Assured
|
Rs. 90,000
|
|
Pay Term
|
6 years for policy term of 12/14
8 years for policy term of 16/18
10 years for policy term of 20/22
12 years for policy term of 24/26
|
|
Premium Frequency
|
Monthly, Quarterly, Semi-Annual, Annual
|
|
Death Benefit
|
In case of the unfortunate demise of the life insured during the policy term, the Sum Assured on Death will be paid to the nominee in 10 equals annual instalments.
Sum Assured on Death will be highest of:
- Sum Assured (15 x annual premium); or
- 105% of the total premiums paid as on the date of
death (excluding loadings for modal premiums,
applicable taxes, any applicable rider premiums and
underwriting extras, if any); or
- Maturity Sum Assured (1)
|
|
Maturity Benefit
|
In the event the life insured survives to the end of the policy
term, we shall pay to you
- Maturity Sum Assured (1); plus
- Accrued Guaranteed Additions
|
|
Customisable Benefit
|
For added protection:
ABSLI Waiver of Premium Rider (UIN: UIN: 109B017V02)
ABSLI Critical Illness Rider (UIN: 109B019V03)
ABSLI Accidental Death and Disability Rider (UIN: 109B018V03)
|
For details on benefits, terms and conditions please refer the brochure.
ABSLI Guaranteed Milestone Plan UIN No: 109N106V03
Lakshmi Vilas Bank Ltd. is a corporate agent of Aditya Birla Sun Life Insurance Company Limited under license number CA0047.
Registered Address: Lakshmi Vilas Bank Ltd. Corporate Office, LVB house, No. 4/1 (Old no. 33), Sardar Patel Road, Guindy, Chennai – 600 032. Tamil Nadu. Participation by the Bank’s clients in the insurance products is purely on a voluntary basis.
This policy is underwritten by Aditya Birla Sun Life Insurance Company Limited (ABSLI). This is a non-participating traditional insurance plan. All terms & conditions are guaranteed throughout the policy term. GST and any other applicable taxes will be added (extra) to the premium and levied as per extant tax laws. The insurance cover for the life insured (including minors) will commence on the policy issue date. For further details please refer to the policy contract. Tax benefits are subject to changes in the tax laws. For more details on risk factors, terms and conditions, please refer to the sales brochure before concluding the sale. Aditya Birla Sun Life Insurance Company Limited (Formerly Birla Sun Life Insurance Company Limited) Registered Office: One Indiabulls Centre Tower 1, 16th Floor, Jupiter Mill Compound, 841, Senapati Bapat Marg, Elphinstone Road, Mumbai - 400013. IRDAI reg no.109 CIN: U99999MH2000PLC128110 UIN: 109N106V03
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.