Guaranteed Returns Plan with Unlimited Withdrawals
Guaranteed Annual Income
Experience a guaranteed¹ annual income with the ABSLI Assured FlexiSavings Plan. Benefit from income boosters of 5% on your accrued amount each year, providing financial security and growth.
Give ₹50,000 for 5 Years and Get ₹4.88 Lakhs
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Why Buy ABSLI Assured FlexiSavings Plan?
The Aditya Birla Sun Life Insurance (ABSLI) Assured FlexiSavings Plan provides life cover protection along with guaranteed¹ annual income and an additional 10% benefit on premiums paid. This plan also offers the flexibility of unlimited withdrawals from your savings to meet emergency expenses.
Key Features
- Guaranteed¹ Annual Income Benefits: Start receiving annual income benefits after the completion of the deferred period⁵.
- Income Booster: Receive a 5% boost on your accrued amount each year.
- Flexible Benefit Options: Choose between two benefit options:
- Income Only Benefit
- Income Benefit with Return of Premium
- Loyalty Additions: Enjoy additional benefits through loyalty additions.
- 10% Additional Benefit: Receive an additional 10% benefit on the total premiums paid.
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Benefits of ABSLI Assured FlexiSavings Plan
The ABSLI Assured FlexiSavings Plan offers the benefit of guaranteed annual income with the flexibility to make unlimited withdrawals from your savings, ensuring financial security and accessibility when you need it.
Riders: Enhance Your Plan for Life
A Guaranteed Returns Plan is incomplete without riders. Riders make your plan better and more comprehensive.
View Eligibility Criteria
Particulars
- Minimum
- Maximum
Type of Plan
A non-linked, non-participating individual life insurance plan.
Coverage
Available for all individuals (Male | Female | Transgender)
Entry Age of the Life Insured
- 4 years for a policy term of 26 years
- 6 years for a policy term of 22 years
- 8 years for a policy term of 20 years
- 11 years for a policy term of 15 & 17 years
- 60 years
Maturity Age of the Life Insured
- Minimum: 18 years
- Maximum: 86 years
Premium Paying Term (PPT)
- 5 years
- 8 years
- 10 years
- 12 years
Deferred Period
2 years after the completion of PPT
Policy Term (PT)
- For PPT of 5 years: PT of 15 & 17 years
- For PPT of 8 years: PT of 20 years
- For PPT of 10 years: PT of 22 years
- For PPT of 12 years: PT of 26 years
Payment Mode
Annual, semi-annual, quarterly, and monthly modal loading as per the rates below:
- Annual: 0%
- Semi-annual: 1%
- Quarterly: 1.5%
- Monthly: 3.5%
Minimum Annualized Premium
₹50,000 p.a.
Maximum Annualized Premium
No limit (subject to board-approved underwriting policy)
Minimum Sum Assured
₹5,50,000
How Does the ABSLI Assured FlexiSavings Plan Work?
Learn with an example.
Use Case 1
Mr. Sharma, aged 35, invests ₹1 lakh in the ABSLI Assured FlexiSavings Plan. He opts for a 12-year premium payment term and a 26-year policy term. The plan includes an income booster of 5% p.a. on the accrued amount. Under this plan, the annual income accrual is 105% of the annualized premium. Over 12 years, he pays a total premium of ₹12 lakhs. After surviving the policy term, Mr. Sharma will receive a Guaranteed Income Benefit of ₹35,13,579. This amount is derived from the accrued amount (₹17,54,863, made of annual income + income booster) and the enhanced return of premium paid, which is ₹13,20,000. Additionally, the policy earns loyalty additions worth 25% of the accrued amount, totaling ₹4,38,716.
ABSLI Assured FlexiSavings Plan
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What’s Not Covered in the Assured FlexiSavings Plan?
The following risks are not covered:
- Suicide Clause: If the life insured, whether minor or major, dies by suicide within 12 months of the policy’s start date or revival date, the policy will terminate immediately. In such cases, the company will pay either the higher of the surrender value or the total premiums paid (including underwriting extra premiums and loadings for modal premiums, excluding applicable taxes), if the policy has acquired a surrender value. If not, the company will pay the total premiums paid (including underwriting extra premiums and loadings for modal premiums, excluding applicable taxes).
How to Initiate a Claim?
Follow these three quick steps, all online:
- Fill in basic details.
- Submit the claim intimation.
- Complete the document submission.
Learn More About Claims
Assured FlexiSavings Plan FAQs
Here are answers to your questions about the ABSLI Assured FlexiSavings Plan:
- What is ABSLI Assured FlexiSavings Plan?
The Assured FlexiSavings Plan from ABSLI is a life insurance policy that provides guaranteed returns to help you achieve your financial goals, along with the flexibility to access your corpus through unlimited withdrawals. - Is death due to Covid-19³ covered under the ABSLI Assured FlexiSavings Plan?
- How can I use the flexible withdrawals or guaranteed incomes allowed in the ABSLI Assured FlexiSavings Plan?
- What premium payment and policy term options are available under the ABSLI Assured FlexiSavings Plan?
- What happens if I lose the original ABSLI Assured FlexiSavings Plan documents?
For more information, please refer to the official documentation and customer support.