Protecting Your Savings with Guaranteed Returns is Easy
The Aditya Birla Sun Life Insurance ABSLI Jeevan Bachat Plan enhances your savings by providing guaranteed returns and life cover equivalent to 10 times your annualized premium, along with tax benefits².
ABSLI Jeevan Bachat Plan (Savings Plan)
Features of Jeevan Bachat Plan
- Fully Guaranteed Benefits: Guaranteed benefits are provided either upon death or at maturity.
- Convenient Purchase: Easy and straightforward to buy.
- Inbuilt Accidental Death Benefit: Includes an accidental death benefit.
- No Medical Tests Required: No medical tests are required for enrollment.
Benefits and Eligibility
Death Benefit
- In the event of the life insured’s death during the policy term, a death benefit will be paid to the nominee. The policy will be terminated once the death benefit is disbursed.
Accidental Death Benefit
- If the life insured dies due to an accident during the policy term, an additional Accidental Death Benefit will be paid to the nominee, in addition to the regular death benefit. Note that this benefit does not apply to minors until they reach 18 years of age.
Maturity Benefit
- If the life insured survives until the end of the policy term, a maturity benefit will be paid in a lump sum.
Guaranteed Additions
- Guaranteed additions will be credited to your policy on a monthly basis until the policy matures, provided all due premiums have been paid. These additions will be payable either in the event of death or at policy maturity, whichever occurs first.
¹ Provided all premiums are paid.
Reduced Paid-Up Benefits
- If you stop paying premiums after at least two full policy years, the policy will not lapse but will continue on a Reduced Paid-Up basis.
Jeevan Bachat Plan FAQs
- What is the minimum and maximum sum assured that can be taken under the policy?
- Is there any Rider benefit included in this plan?
- What is the waiting period for this policy?
- What is the death benefit under the plan?
- What happens if premiums are not paid on time?
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