Why Buy ABSLI Vision Endowment Plus Plan?
The Aditya Birla Sun Life Insurance Vision Endowment Plus Plan is designed to help you build a secure and financially stable future for your family, both now and in the years ahead. With features like the return of premiums along with accrued bonuses upon maturity, this plan offers a blend of growth and financial security.
- Growth in Your Savings: Enhance your savings with accrued regular bonuses starting from the first policy year.
- Safety of Your Loved Ones: Comprehensive financial protection for your family, with options to enhance coverage through Death Benefit Options A or B.
- Flexible Premium Payment Option: Choose to pay your premiums annually, semi-annually, or monthly for your convenience.
- Rider Option: Increase your insurance coverage during the policy term with additional riders.
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Benefits of ABSLI Vision Endowment Plus Plan
Riders
Check Your Eligibility
- Entry Age (age last birthday): 30 days* – 60 years (subject to a maximum maturity age of 70 years)
- Policy Term: 10 – 40 years
- Premium Paying Term: 7 years | 10 years | 15 years | 20 years | Regular Pay
- Minimum Sum Assured: Rs. 100,000
- Minimum Premium: Rs. 2,495 per annum
- Premium Frequency: Annual, Semi-annual, Quarterly, Monthly
*Risk commences from the first policy anniversary.
Your premium will be based on the Sum Assured you select, which is categorized as follows:
Sum Assured Band
- Band 1: Rs. 100,000 to Rs. 199,999
- Band 2: Rs. 200,000 to Rs. 399,999
- Band 3: Rs. 400,000 to Rs. 799,999
- Band 4: Rs. 800,000 and above
How Does ABSLI Vision Endowment Plus Plan Work?
Some benefits are guaranteed#, while others are variable and depend on the future performance of ABSLI. Guaranteed# benefits will be clearly marked as “guaranteed” in the table. Variable benefits will be illustrated with two assumed future investment return rates: 8% p.a. and 4% p.a. These assumed rates are not guaranteed and do not represent the upper or lower limits of potential returns, as policy value depends on various factors including future investment performance.
Example
- Age: 35 years
- Annualized Premium: Rs. 18,430
- Gender: Male
- Premium Paying Term: 10 years
- Policy Term: 20 years
- Payment Frequency: Yearly
- Sum Assured: Rs. 250,000
- Death Benefit: Option A
Policy Details
| Year | Annualized Premium | Death Benefit | Maturity Benefit | Total Death Benefit at 4% p.a. | Total Death Benefit at 8% p.a. | Maturity Benefit at 4% p.a. | Maturity Benefit at 8% p.a. |
|---|---|---|---|---|---|---|---|
| 1 | 18,430 | 250,000 | 2,52,375 | 2,52,375 | 2,61,500 | ||
| 2 | 36,860 | 250,000 | 2,54,750 | 2,54,750 | 2,73,000 | ||
| 3 | 55,290 | 250,000 | 2,57,125 | 2,57,125 | 2,84,500 | ||
| 4 | 73,720 | 250,000 | 2,59,500 | 2,59,500 | 2,96,000 | ||
| 5 | 92,150 | 250,000 | 2,61,875 | 2,61,875 | 3,07,500 | ||
| 6 | 110,580 | 250,000 | 2,64,250 | 2,64,250 | 3,19,000 | ||
| 7 | 129,010 | 250,000 | 2,66,625 | 2,66,625 | 3,30,500 | ||
| 8 | 147,440 | 250,000 | 2,69,000 | 2,69,000 | 3,42,000 | ||
| 9 | 165,870 | 250,000 | 2,71,375 | 2,71,375 | 3,53,500 | ||
| 10 | 184,300 | 250,000 | 2,73,750 | 2,73,750 | 3,65,000 | ||
| 11 | 184,300 | 250,000 | 2,76,125 | 2,76,125 | 3,76,500 | ||
| 12 | 184,300 | 250,000 | 2,78,500 | 2,78,500 | 3,88,000 | ||
| 13 | 184,300 | 250,000 | 2,80,875 | 2,80,875 | 3,99,500 | ||
| 14 | 184,300 | 250,000 | 2,83,250 | 2,83,250 | 4,11,000 | ||
| 15 | 184,300 | 250,000 | 2,85,625 | 2,85,625 | 4,22,500 | ||
| 16 | 184,300 | 250,000 | 2,88,000 | 2,88,000 | 4,34,000 | ||
| 17 | 184,300 | 250,000 | 2,90,375 | 2,90,375 | 4,45,500 | ||
| 18 | 184,300 | 250,000 | 2,92,750 | 2,92,750 | 4,57,000 | ||
| 19 | 184,300 | 250,000 | 2,95,125 | 2,95,125 | 4,68,500 | ||
| 20 | 184,300 | 250,000 | 1,75,085 | 2,97,500 | 4,80,000 | 2,22,585 | 4,05,085 |
Premiums exclude underwriting extra premiums, frequency loadings on premiums, premiums paid towards riders, if any, and Goods and Service Tax.
Suicide Exclusion: If the life insured dies by suicide within 12 months from the commencement of risk or policy revival, the Company will pay the total premiums paid to date or the surrender value, whichever is higher, provided the policy is in force.
How to Initiate a Claim?
3 Quick Steps (All Online):
- Fill Basic Details
- Claim Intimation
- Document Submission
MORE ABOUT CLAIMS
Vision Endowment Plus Plan FAQs
- What is ABSLI Vision Endowment Plus Plan?
ABSLI Vision Endowment Plus Plan is a traditional participating endowment plan that combines savings and protection for you and your family, ensuring a secure future. The plan can be further customized with riders for enhanced protection against uncertainties. - Do I Have Any Rebates/Discounts on Premiums?
- When Will ABSLI Declare the Bonus Under the Plan?
- What Are the Bonuses Available Under ABSLI Vision Endowment Plus Plan?
- What is the Surrender Benefit Under This Plan?