Protecting your savings with guaranteed returns is easy.
The Aditya Birla Sun Life Insurance ABSLI Jeevan Bachat Plan enhances your savings by offering guaranteed returns and life cover up to 10 times your annualized premium, along with valuable tax benefits.
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ABSLI Jeevan Bachat Plan (Savings Plan)
Features of Jeevan Bachat Plan:
- Fully Guaranteed Benefits: Assured returns on death or maturity.
- Easy and Convenient: Simple to purchase with no medical tests required.
- Inbuilt Accidental Death Benefit: Additional coverage for accidental death.
- No Medical Tests Required: Hassle-free application process.
Benefits
Death Benefit:
In the unfortunate event of the life insured’s demise during the policy term, the death benefit will be paid to your nominee. The policy will be terminated once the death benefit is settled.
Accidental Death Benefit:
If the life insured passes away due to an accident during the policy term, an additional Accidental Death Benefit will be paid to your nominee, alongside the regular death benefit. Note that this benefit is not applicable to minors until they reach 18 years of age.
Maturity Benefit:
Upon survival to the end of the policy term, the maturity benefit will be paid out in a lump sum.
Guaranteed Additions:
Guaranteed additions will accrue monthly to your policy, provided all premiums are paid. These additions will be payable upon death or policy maturity, whichever occurs first.
Reduced Paid-Up Benefits:
If you stop paying premiums after at least two full policy years, your policy will continue on a Reduced Paid-Up basis without lapsing.