Why Buy ABSLI Vision Star Plan?
The ABSLI Vision Star Plan is crafted to help you achieve key milestones and ensure that your dreams for your child are realized, regardless of any unforeseen events.
Key Features
- Assurance: In the event of your untimely death, the plan ensures that all your dreams for your child are fulfilled without placing any financial burden on your family to continue paying premiums.
- Safety for Your Loved Ones: Offers comprehensive financial protection for your family based on your chosen Sum Assured.
- Growth of Savings: Enhance your savings through accrued bonuses starting from the first policy year, which continue to accumulate until maturity.
- Regular Bonuses: ABSLI will declare simple reversionary bonuses at the end of each financial year, which will be added to your policy on its anniversary.
Benefits of ABSLI Vision Star Plan
The ABSLI Vision Star Plan guarantees payouts to support your child’s education and secure their future.
ABSLI Vision Star Plan With Riders
- Entry Age: 18 – 55 years
- Maximum Maturity Age: 75 years
- Minimum Policy Term:
- Option A: 16 years (maximum of 23 years)
- Option B: 14 years (maximum of 21 years)
- Premium Paying Term: 5 – 12 years
- Minimum Sum Assured: ₹1,00,000
- Premium Frequency: Annual, Semi-annual, Quarterly, & Monthly
How ABSLI Vision Star Plan Works
The plan offers both guaranteed and variable benefits. Guaranteed returns are clearly marked in the illustration table. Variable returns are based on assumed future investment returns, which are not guaranteed and depend on factors such as the performance of the participating business.
Example:
- Entry Age: 40 years
- Annualized Premium: ₹22,392
- Gender: Male
- Premium Paying Term: 10 years
- Policy Term: 21 years
- Plan Option: Option A
- Sum Assured: ₹2,50,000
- Payout Frequency: Biannual
Policy Year End:
| Policy Year | Annualized Premiums Paid to Date | Death Benefit at 4% p.a. | Death Benefit at 8% p.a. | Maturity Benefit at 4% p.a. | Maturity Benefit at 8% p.a. |
|---|---|---|---|---|---|
| 1 | ₹22,392 | ₹2,50,000 | – | ₹2,50,000 | – |
| 2 | ₹44,785 | ₹2,50,000 | – | ₹2,50,000 | – |
| 3 | ₹67,177 | ₹2,50,000 | – | ₹2,50,000 | – |
| 4 | ₹89,570 | ₹2,50,000 | – | ₹2,50,000 | – |
| 5 | ₹1,11,962 | ₹2,50,000 | – | ₹2,50,000 | – |
| 6 | ₹1,34,355 | ₹2,50,000 | – | ₹2,50,000 | – |
| 7 | ₹1,56,747 | ₹2,50,000 | – | ₹2,50,000 | – |
| 8 | ₹1,79,140 | ₹2,50,000 | – | ₹2,50,000 | – |
| 9 | ₹2,01,532 | ₹2,50,000 | – | ₹2,50,000 | – |
| 10 | ₹2,23,925 | ₹2,50,000 | – | ₹2,50,000 | – |
| 11 | ₹2,23,925 | ₹2,50,000 | – | ₹2,50,000 | – |
| 12 | ₹2,23,925 | ₹2,50,000 | – | ₹2,50,000 | – |
| 13 | ₹2,23,925 | ₹2,50,000 | – | ₹2,50,000 | – |
| 14 | ₹2,23,925 | ₹2,50,000 | – | ₹2,50,000 | – |
| 15 | ₹2,23,925 | ₹2,50,000 | ₹50,000 | ₹2,50,000 | – |
| 16 | ₹2,23,925 | ₹2,50,000 | – | ₹2,50,000 | – |
| 17 | ₹2,23,925 | ₹2,50,000 | ₹50,000 | ₹2,50,000 | – |
| 18 | ₹2,23,925 | ₹2,50,000 | – | ₹2,50,000 | – |
| 19 | ₹2,23,925 | ₹2,50,000 | ₹75,000 | ₹2,50,000 | – |
| 20 | ₹2,23,925 | ₹2,50,000 | – | ₹2,50,000 | – |
| 21 | ₹2,23,925 | ₹2,50,000 | ₹75,000 | ₹2,50,000 | ₹42,000 |
Premiums exclude underwriting extra premiums, frequency loadings, premiums paid towards riders, and Goods and Services Tax. This is not a Benefit Illustration. For a complete benefit illustration, please visit our website or consult your financial advisor.
Buy ABSLI Vision Star Plan Online
Secure your child’s educational goals with the ABSLI Vision Star Plan.
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Suicide Exclusion
In the event of death due to suicide within 12 months from the date of commencement of risk or from the date of revival of the policy, the higher of the total premiums paid or the surrender value on the date of death will be paid, provided the policy is in force.
How to Claim Online
Initiate your claim in three simple steps:
- Fill Basic Details
- Claim Intimation
- Document Submission
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FAQs
- What is the right time to buy ABSLI Vision Star Plan? Purchasing early secures your child’s future and provides a long investment horizon to build wealth, resulting in a corpus for each milestone.
- Does ABSLI Vision Star Plan provide any tax benefits?
- What is the criteria for calculating premiums?
- Should I buy ABSLI Vision Star Plan online or offline?
- Does ABSLI Vision Star Plan cover death benefits?