Lakshmi-Vilas-Bank Personal-NRI Premium-Banking

Aditya Birla Sun Life Insurance SecurePlus Plan


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



  • Flexibility to choose the amount you wish to pay eveyear
  • Flexibility to choose the Income Benefits
    • Option A: If you want to receive Income Benefit equal to 100% to 600% of the
      Annual Premium for 6 years
    • Option B: If you want to receive Income Benefit equal to 200% of the Annual
      Premium for 12 years
  • Inbuilt Accidental Death Benefit
  • Enhance your insurance with appropriate rider options


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.


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 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

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.