ABSLI Savings Plan
Protecting Your Family’s Smile for Years to Come
The Aditya Birla Sun Life Insurance Savings Plan is designed to help you achieve your life goals by enabling you to save regularly and grow your savings steadily over time. It provides peace of mind and financial security for your loved ones, ensuring their needs are met.
Key Features
- Guaranteed Additions: 40 per thousand Sum Assured added annually for the first 5 policy years, provided all due premiums are paid.
- Regular Bonuses: Starting from the first policy year.
- Flexibility: Choose your life cover and policy term based on your needs.
- Additional Sum Assured: Payable in case of accidental death.
Benefits
- Guaranteed Additions: Enhance your policy value with additions each year.
- Death Benefit: Pays a predetermined amount to your nominee if the life insured passes away during the policy period. An additional Accidental Death Benefit is payable if death is due to an accident.
- Maturity Benefit: Lump sum amount paid if the life insured survives till the end of the policy term.
- Reduced Paid-Up Benefit: If premiums are discontinued after at least two full policy years, the policy will not lapse but continue on a reduced paid-up basis.
- Auto Cover Continuation: If premiums for two policy years are paid and a subsequent premium is missed, the full death benefit continues for up to two years from the due date of the first unpaid premium, even in a reduced paid-up status.
Eligibility
The plan is available to individuals who meet the age criteria and other policy requirements specified in the brochure.
For detailed information on each benefit and to download the brochure, please visit the Brochure Download Page.
This plan offers a structured way to save and secure your family’s financial future with flexibility and additional benefits to ensure you are well-protected.