Protecting your life goals with regular payouts is just a step away.
The ABSLI Vision MoneyBack Plus Plan is a money-back insurance plan designed to provide regular income to meet your financial needs while offering comprehensive life coverage against unforeseen events.
Download Brochure
ABSLI Vision MoneyBack Plus Plan (Savings Plan)
Key Features:
- Guaranteed Regular Payouts: Secure regular income as a percentage of the Sum Assured at specific intervals.
- Option to Defer and Enhance Payouts: Flexibility to defer and increase payouts according to your financial plans.
- Multiple Riders for Enhanced Protection: Add riders for additional coverage at a nominal extra cost.
- Tax Benefits: Eligible for tax benefits under Sections 80C and 10(10D) of the Income Tax Act, 1961.
Plan Options:
- Option 1: 10-year premium payment / 20-year cover – Payout every 4th year
- Option 2: 10-year premium payment / 20-year cover – Payout every 5th year
- Option 3: 12-year premium payment / 24-year cover – Payout every 4th year
- Option 4: 12-year premium payment / 25-year cover – Payout every 5th year
Benefits
Guaranteed Survival Benefit:
Receive survival benefits as a percentage of the Sum Assured every 4th or 5th year, based on your selected plan option. These benefits continue throughout the policy term as long as the insured survives.
Survival Benefits:
| Survival Benefit Year | 10/20 Years | 12/24 Years | 12/25 Years |
|---|---|---|---|
| 4th | 10% | 10% | 15% |
| 8th | 15% | 15% | 20% |
| 12th | 20% | 20% | 25% |
| 16th | 25% | 25% | 30% |
| 20th | 30% | – | 40% |
| 24th | – | 35% | – |
| 25th | – | – | 45% |
Please refer to the product brochure for additional details.
Death Benefit:
In the unfortunate event of the life insured’s death during the policy term, the death benefit includes:
- Sum Assured on Death
- Accrued Regular Bonuses up to the date of death
- Terminal Bonus (if any)
Maturity Benefit:
If the life insured survives until the end of the policy term, the following will be paid:
- Accrued Bonuses up to date
- Terminal Bonus (if any)
The policy will be terminated once the maturity benefit is paid.
Riders:
Enhance your insurance coverage with additional riders available for a nominal extra cost:
- ABSLI Accidental Death and Disability Rider (UIN: 109B018V03)
- ABSLI Critical Illness Rider (UIN: 109B019V03)
- ABSLI Surgical Care Rider (UIN: 109B015V03)
- ABSLI Hospital Care Rider (UIN: 109B016V03)
- ABSLI Waiver of Premium Rider (UIN: 109B017V03)
- ABSLI Accidental Death Benefit Rider Plus (UIN: 109B023V02)
Tax Benefits:
This plan offers tax benefits under Section 80C and Section 10(10D) of the Income Tax Act, 1961. Tax benefits are subject to changes in tax laws. Please consult your tax advisor for detailed information.