Overview
As you move forward in life, financial requirements pertaining to the well-being of you and your family become a major catalyst in your life. You want to provide the best of everything to your loved ones. However, in these turbulent times of economic instability, there is a risk of your income not keeping pace with your needs and goals. In such times a second guaranteed income proves to be bliss.
ABSLI SecurePlus Plan recognizes the importance of such needs and helps you fulfill them by offering you a second income which ensures your peace of mind
Illustration
| Age |
Gender |
Basic Sum Assured |
Policy Term |
Premium Paying Term |
Premium Paid (Per annum) |
Total Premium Paid (12 yrs.) |
Maturity Benefit |
| 35 |
Male |
800,000 |
13 |
12 |
50,000 |
6,00,000 |
12,00,000 |
For life insured age of 35 yrs at the time of purchasing the policy with policy term 13 yrs and premium paying term 12 yrs. Additional benefits are available at additional cost. Premium rates are exclusive of GST.
Details
|
Entry Age
|
5 years - 50 years (age last birthday)
|
|
Maximum Maturity Age
|
63 years (age last birthday)
|
|
Policy Term
|
13 years
|
|
Sum Assured
|
Sum Assured will be determined based on your entry age and the premium amount you commit to pay in a policy year.
|
|
Minimum Premium
|
Rs. 50,000 p.a. for annual mode, Rs. 36,000 p.a. for monthly mode
|
|
Pay Term
|
12 years
|
|
Premium Frequency
|
Monthly | Annual
|
|
Payment Period
|
- For Income Benefit Option A – 6 years (from the completion of policy term)
- For Income Benefit Option B – 12 years (from the completion of policy term)
|
|
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. However, if life insured is different from the policyholder, the policyholder will receive the death benefits. The policy shall be terminated once the Death Benefit is paid. Sum Assured on death will be higher of:
- 10 times of the annual premium (excluding GST and cess, any applicable rider premiums and underwriting extras, if any); or
- 105% of the total premiums paid as on the date of death (excluding GST and cess, any applicable rider premiums and underwriting extras, if any); or
- Maturity Sum Assured^^; or
- Sum Assured
^^where Maturity Sum Assured is the commuted value of outstanding Income Benefit on maturity date
|
|
Customisable Benefit
|
For added protection:
- ABSLI Critical Illness Rider (UIN: 109B019V03)
- ABSLI Waiver of Premium Rider (UIN: 109B017V02)
|
*Please ask your financial advisor for an illustration applicable to your policy or refer to your policy contract for further details.
For details on benefits, terms and conditions please refer the brochure.
ABSLI SecurePlus Plan UIN No: 109N102V02
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-linked non-participating life insurance plan. All terms & conditions are guaranteed throughout the policy term. GST and any other applicable taxes will be added (extra) to your 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 more details on risk factors, terms and conditions, please read sales brochure carefully before concluding a sale. For more details and clarification call your ABSLI Insurance Advisor or visit our website www.adityabirlasunlifeinsurance.com and see how we can help in making your dreams come true. Tax benefits are subject to changes in the tax laws.
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: 109N102V02
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.